Gone on FIRE
Ever feel like your financial situation is a rollercoaster ride? If your income fluctuates—whether you’re a freelancer, seasonal worker, or have unpredictable revenue streams—budgeting can feel like a daunting task. But don’t worry, you’re not alone! A staggering 34% of Americans deal with irregular income, making it essential to have a rock-solid plan. Let me […]
Stuck in the paycheck-to-paycheck grind? Living paycheck to paycheck can feel like running on a hamster wheel—you’re always working hard but never seem to get ahead. In fact, did you know that nearly 60% of Americans report living paycheck to paycheck? But here’s the good news: it is possible to take control of your finances […]
When purchasing your first home, the journey begins long before you pick out your dream house or sign on the dotted line. It starts with a fundamental step that can make the difference between a wise investment and a financial misstep: budgeting. It helped me have a paid off house before I was 30. Navigating […]
Retirement offers an exciting phase of life filled with opportunities for leisure, exploration, and personal growth. It’s a time to engage in hobbies, travel, spend time with loved ones, and even pursue new interests. However, moving from a structured working schedule to the open expanse of retirement can sometimes feel disorienting. You may wonder, “How […]
Retirement— it’s the golden period many of us look forward to. It’s a time when we finally get to say goodbye to the rigors of the workweek and hello to a new era of leisure, relaxation, and endless possibilities. But what happens when the honeymoon period of retirement fades away, and we find ourselves feeling […]
Retirement marks a significant milestone in an individual’s life, signifying the culmination of a career and the beginning of a new chapter marked by leisure, personal pursuits, and potentially new challenges. Deciding when to retire and adequately preparing for this transition requires careful consideration of various factors. Navigating these elements and making informed decisions is […]
The financial stability of retirees is a growing concern in many countries as populations age and people live longer. Running out of money during retirement can lead to significant challenges, impacting the quality of life and well-being of retirees. People do run out of money during retirement. This can happen for various reasons, including insufficient […]
Early retirement offers the prospect of an extended period to enjoy life outside the traditional workforce, but it also presents unique challenges, particularly when it comes to securing adequate health insurance coverage. Navigating the complex landscape of health insurance options for early retirees is critical to ensuring uninterrupted access to quality healthcare and managing financial […]
The 4% rule and 3% rule are commonly used guidelines in retirement planning, providing individuals with a framework to estimate how much they can safely withdraw from their retirement savings without running out of money. Developed by financial advisor William Bengen, the 4% rule states that retirees can withdraw 4% of their initial retirement portfolio […]
Most people are familiar with 401(k)’s, but what about 401(a)’s? Are they the same thing? What’s the difference? In this article, we’ll explore the differences between 401(k)’s and 401(a)’s and discuss the benefits of each. 401(k)’s and 401(a)’s are both types of retirement savings accounts found in the same section, section 401 of the Internal […]