Multiple low-cost planning tools let us input all of our personal financial data into the tools, and they provide estimates and projections that help us determine if we’ve saved enough. Plus, you can play with different scenarios to see how they impact your financial plan (e.g., can I ...
The reality is, to generate $300,000 a year from your invested capital would take at least $7,500,000 at a 4% rate of return. Therefore, havinga $5 million net worth may not be enough to retire early with kidsin a big city. The family could take on more risk to try and get h...
A Single Premium Immediate Annuity (SPIA) is really the only type of annuity most people should consider buying. Here's why you may want one.
Your comment shows how ignorant you really are. Comparing RPNs to a Clerk at the co-op. RPNs are educated, just as RNs are. You sound like you should retire, it’s obvious you have little regard for RPNs. They are nurses too & have a place in Healthcare as every other Health Pro...
There is plenty of money running around. So why shouldn't we all have at least a million bucks by the time we are 50, 60, 65 or whenever we want to retire? We all should! Part of getting rich is adopting a strong money mindset. Once you believe you deserve to be rich, you'll ...
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Related to the previous point: Imagine someone’s plan to save a million dollars over ten years falls short by $100k or even $200k. It’s not the end of the world! Simply work an additional year or two. Especially for the early retirement crowd, it’s no big deal if you r...
Now, I still thinksavings rate is a better measuring stickthan portfolio size, because someone who can earn $60k and spend $30k every year is going to be able to retire much sooner than someone who earns $180k and is stuck in a lifestyle spending $150k. But if you are in the phas...
I believe we are now at what will be seen as the inflexion point. It took a long time to get here, but the housing bubble is finally recognized as a pass? concept. The real debate now is how much and how long of a correction. ...
This piece is part of a series I'm calling Money 101 and is designed for those who might not be as advanced in their personal finance knowledge and experience. Many Americans believe that there is some great secret to becoming wealthy. They think it requ