This is a big week at the Fire Station. It was 10 years ago that I set up the site and published my first post. That first week, I had 9 visitors with 28 views. I think most of the views were from me & my son! The concept of FIRE – Financial independence and Retiring Early – wasn’t brand new at that point, but … Continue reading Ten Year Anniversary
Today is the last day of 2024 – New Year’s Eve. It’s been a second very good year for investment markets and we’ll start seeing tomorrow if we are going to get a “three-peat” performance in 2025. Here are some of the predictions I’ve seen that will impact retiree finances in the New Year … Overall, it’s a pretty positive outlook for the economy & … Continue reading New Year’s Predictions
Sending Christmas cards used to be a huge part of the holiday season. Families would sit down together, write personal messages, and mail cards to loved ones. I even used to sell engraved Christmas cards door-to-door in the Summer when I was in grade school. Still, the tradition is waning. According to the US Post Office, the number of Christmas cards sent through the mail … Continue reading Christmas Cards: A Tradition Gone By?
Apologies to Clement C. Moore … ‘Twas a Sunday in December, as day turned to night. Not a worry was stirring, all felt just right. No work tomorrow, no Sunday night dread. Just watching the Packers pull ahead! The TV was glowing, a warm, steady light. The Christmas tree twinkled, so peaceful and bright! There were no emails to answer, no meetings to plan. Just … Continue reading ‘Twas A Sunday In December
I was chatting with a friend & neighbor recently about Social Security. Paul has just turned 65 and was thinking of jumping on SSI early (his full retirement age is 67). He thought the advantage might be that he could get “locked in” to a benefit before the government potentially cuts back SSI benefits for wealthier households. In thinking through the situation, I put together … Continue reading Social Security Revisited
My wife and I were already out looking at Christmas Lights on Friday night. The sun sets at about 4:30pm here in early December, so we got some hot cocoa at Starbucks, and enjoyed the red, green, and white glow of lights, blow molds, and inflatables. It’s an amazing amount of work that people put into these residential displays. Especially here in Minnesota where the … Continue reading Christmas Light Fight
I’m always fascinated by the different goals that people set for themselves in early retirement. Recently, I was chatting with MegaCorp colleague, Scott M, about his retirement in Arizona. He decided to take to the air and become a pilot! Here’s his story … Setting goals in retirement is one of the most fun and inspiring things I have ever done. It is a time when … Continue reading Flying the Friendly Skies
I was talking with a friend that recently retired and asked him, “How are you enjoying your permanent vacation?” He answered, “fantastic!” with a big smile on his face. Of course, retirement isn’t exactly a “permanent vacation,” is it? It’s not like you are waking up each day in some amazing city, resort, or national park. You aren’t going out to dinner and enjoying first-class … Continue reading Permanent Vacation?
With tomorrow being Election Day, what’s your likely exposure to a new administration in Washington DC in January? I know we all have our favorites and we are often breathlessly told that “it is the most important election of our lifetimes!” Still, I’m struggling to think how my wife & I will be directly impacted by any of the changes that have been discussed. Please … Continue reading Election Impacts?
A friend of mine was surprised when I shared this table adjusting the return of 401k balances for inflation over the last 4 years. It shows that despite the relative strength in the stock market, real returns for 401k balances are DOWN about 9%. “That’s not right!” he said – “the S&P 500 is an an all-time high. It’s up almost 50% since the … Continue reading 401k Returns – Not As Good As You Think
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