How Fast Are Prices Really Rising?

Inflation is one of the assumptions that our FIRE financial model is the most sensitive to. Even a half percent change in inflation over a 40 year retirement plan is hugely significant. We use an assumption that our spending inflation will be between 2.5-3.0% a year, which is slightly higher than what the official US Consumer Price Index (CPI) has averaged. I’ve read articles in … Continue reading How Fast Are Prices Really Rising?

Financial Advice For Your Twenties

Our son is just out of college and about 4 weeks into his career in software & web design.  He signed up for all of his work benefits right away, including his health insurance and retirement 401K plan. He’s very thoughtful with his financial approach, but I saw an online chat about ‘Financial Advice For People In Their Twenties’ from the fatFIRE Facebook Group that … Continue reading Financial Advice For Your Twenties

Small Wedding Sensibility?

June is typically the month of weddings, but the CV-19 pandemic has largely eliminated the big, traditional wedding.  We were planning on attending a couple weddings this summer, but they have both been converted to small, family-only affairs.  Such is 2020. Perhaps it is all for the best when it comes to the cost of hosting a big wedding.  The analysis I did a few … Continue reading Small Wedding Sensibility?

Up, Up And Insured

Insurance is one of the things I certainly hate paying for. Health insurance, disability insurance, life insurance, and car insurance are all necessary to a degree, but it’s hard to pay for something you only use in a catastrophe. We’ve gradually dialed back our insurance coverage for things we can ‘self-insure’ the risk of. We have the highest health insurance deductible we’ve ever had and … Continue reading Up, Up And Insured

Post-College ‘Raise’?

We are very proud of our son who graduated from college this past weekend with his degree in computer science. He finished ‘on-time’ – completing his studies 4 years after first walking through these arches as a Freshman. He’s all set to start working a week from today as a software/web developer at a local software company. He interned there last summer and got a … Continue reading Post-College ‘Raise’?

Bitcoin Amid CV19

With global governments printing trillions of dollars, Euros, Yuan, and Yen to keep economies from going illiquid, I thought now would be a good time to check on Bitcoin. Longtime readers will recall I took a ‘hobby stake’ in Bitcoin back in early 2017 to test my thesis that cryptocurrencies have a role as a more reliable ’store of value’ than government-managed currencies. I have … Continue reading Bitcoin Amid CV19

Debt Has Spread Like A Virus

I started looking at the topic of America’s growing debt before the coronavirus pandemic spread. Across all age groups, debt has been accelerating rapidly for the last two decades, and I’m sure it has gotten much worse now. This chart, from a CNBC article, shows the magnitude of the debt problem, with perhaps the greatest growth happening among older Americans … As the chart shows, … Continue reading Debt Has Spread Like A Virus