A paid-off home not only provides you a place to live. It can also fund your retirement.
Putting your financial plan into a simple table helps you focus on the major blocks and see where you are.
Real life experience and learning from maintaining and executing an estate plan.
Just having a trust document doesn’t do much. You need to put accounts under the trust’s name. I walk you through for how we did it with Fidelity, Vanguard, and Merrill Edge.
Using the legal plan through an employer works for simple estate planning.
Pivoting when you are financially comfortable offers a safer and more enjoyable path to a second childhood.
Roth 401k makes it easy for people to fool themselves into contributing more.
Retiring early is always an option. You choose where to draw the line between freedom and lifestyle.
Employment income to net worth ratio explains whether a person decides to retire or keep working.
Friends, co-workers and people on the Internet will encourage you to take risks when they have nothing to lose.
It makes little sense to retire early on a shoestrings budget that requires you to substitute your own labor for hired labor.
When your 401k-type plan allows non-Roth after-tax contributions, you can take the money out to a Roth IRA or convert to Roth within the plan. Either way works.