Traditional IRA, Roth IRA, Thrift Savings Plan (TSP), Roth TSP, 401(k), Roth 401(k), 403(b), and Roth 403(b) accounts are the main types of retirement accounts for those that are not self-employed. The different options can at times be confusing and […]
Should Centenarians Influence Your Retirement Planning?
Even though life expectancy in the United States has been pretty consistent over the last few years, centenarians are the fastest growing age group in the United States. What’s a centenarian? A centenarian is a person who is over 100 […]
Ever Wonder How Much Your Military Retirement Will Be?
Have you decided to make the military a career? Great! You should consider and do some planning around the military pension you’ll receive after retiring. If you are deciding whether or not to get out of the military, you should […]
The Two Sides of Investing Fees
For everyone that owns mutual funds or exchange traded funds (ETFs), there are costs associated with owning them, and they are not equal. Even if people are aware of the fees they are paying, they are likely unaware of the […]
How Much Do You Really Need to Retire?
Guess what? There is no magic ‘one size fits all’ number or thumbrule for everyone to retire. You can find tons of articles (here, here, here, and here) that tell you how much you need to retire. They will say […]
How Should You Save For Retirement?
In the last post, I covered how fees can eat into your returns, especially over the long-term. Today, I’ll cover contributions to retirement accounts. With retirement savings, we have to dig a little deeper because of the different options […]
One Easy Way To Give Yourself THOUSANDS More In Retirement
How much are you paying in fees on your investments? “Well, I don’t know.” This is probably the answer most of you would give if I asked you the question above. If you do nothing else with your investments and […]
Step 3: Dive Into Your Income & Spending
Updated: May 7, 2021 Now that you have set your goals and figured out your current net worth, you’re ready and waiting at the starting line of this race. Let’s start moving forward to figure out how to get to […]
Step 1: Set YOUR Goals
Updated April 24, 2021 In my last post, I updated and shared an overview of the “Six Steps of the Rat Race Off Ramp.” Today we’ll start taking a deeper look at each step, starting with Step 1: Setting YOUR […]
What is the ‘Rat Race Off Ramp’? And what are ‘F.I.’ and ‘F.I.R.E’?
Wake up, go to work, come home, go to sleep, repeat. Work, get paid, spend, repeat. These are the cycles millions of people go through constantly all over the country. And sadly, millions of these people will go through this […]