I didn’t buy a ticket for this week’s $1.7B MegaMillions lottery. While I love the basic idea of getting a chance to be an instant billionaire, doing the math on the odds spoils the fun for me. While now commonplace, lotteries are certainly one of the most interesting social concepts of all. “Let’s have tens of millions of people put a small amount of money … Continue reading Did You Play The Lottery This Week?
Now that I am retired early and enjoying my first month without work, people are asking me for advice on how much THEY need to save to retire themselves. Many people don’t seem to know where exactly to start. Calculating the money needed for retirement feels like walking into a foreign casino to them – full of opportunity, but also fraught with risk. With that … Continue reading Calculating Retirement Odds – Using FIREcalc