One size does not fit all. Your wealth plan must fit you like a favorite pair of jeans in order for you to succeed with it. It must comfortably wrap every curve and unique attribute of your being, or it won't feel right and you won't stick with it long enough to succeed. Getting...
Don't miss out on receiving your disability, retirement or survivor benefits. Visit the Social Security Administration Web site to provide your complete new address, including zip code, and a phone number where you can be contacted. Whether or not you are moving out of state, be sure to cha...
401(k) loan: loans from your retirement account generally have reasonable interest rates, so it can be a good way to pay off high-interest rate debt. just make sure you pay the loan back as agreed, in order to avoid penalties and taxes. ...
I just have too much stuff. I’m a pack rat. There is stuff everywhere in plastic containers and in drawers. I have enough clothing to dress all of the neighbor women for a couple of weeks each. This stuff is mine and I see a use for all of it. I just can’t bring myself to...
How will you cover expenses, what does your financial safety net look like, etc.? Make a new budget, if necessary Calculate yourretirement income Do you need a formal resignation letter? Whether or not you need a formal resignation letter depends on several factors. You should therefore do th...
However you calculate it, this number will be wrong. If I (or anybody else) knew what the market will deliver over the next couple of decades then I wouldn’t be writing this post. I’d be flicking through What Tropical Island? magazine. You could just use whatever rate is inserted by...
Mrs. Fi365 January 16, 2018 at 5:56 pm What happens to all the “extra” money that the business makes and you aren’t paying yourself through your somewhat low 15% tax bracket salary? Does that money just hang out in your business’ bank account? I’m currently a one-woman-show LL...
Financial Independence, Not Early Retirement Early retirement wasn’t actually the main goal for me though. I enjoy working hard and I derive a lot of happiness from being productive so the idea of sitting on the beach all day didn’t appeal to me. ...
The more sustainable income streams you can create (lowering your FI number), the faster your retirement savings will lead you to financial independence. The main point of today’s article is to show how I calculate my FI number after accounting for taxable passive income. ...
You need to be able to keep books, figure out how to provide for your own retirement and medical benefits, calculate taxes, and most importantly, be able to promote, market and sell yourself. You and I appreciate fine photography. That's why we photograph. The people who pay us don't....