net worth target by age

When can you ditch your 9 – 5? Let’s find out your net worth target by age!

Having a net worth target by age is the kind of right of passage every adult should go through.  Targets, in general, are awesome.  They give you a goal to work for.  Help you stick to your plans over time.  And motivate you to work harder! From one day to the other, you can go from saving just for the sake of it to saving to reach a certain number and goal.  And once you continue reading…

not saved for retirement so far

So you have not saved for retirement so far? Here is how to turn the tide!

Procrastination happens to the best of us.  I personally like to procrastinate when it comes to doing laundry until I’m down to my last shirt.  Sometimes though, procrastination happens with much greater and more important aspects of life.  Such as saving for retirement.  Does that sound like you?  Have you not saved for retirement so far? If this is you, it is time to acknowledge the fact that you did not yet save for retirement continue reading…

target date funds pros and cons

Target Date Funds Pros and Cons – taking the road less traveled can pay off big

Imagine yourself hiking through a forest.  After a few hours, you come to a crossroad.  One way looks straight, easy to maneuver, and sunny to boot.  The other appears to have tons of turns, hills and is looking a bit chilly as well.  Which one will you choose? Straight, easy to maneuver, and sunny, right? Let’s add a few more variables.  The easy path, even though less strenuous, will add three hours to your hike. continue reading…

how much money you need to retire comfortably

The 4% Rule: The opening bid of how much money you need to retire comfortably!

The 4% rule has been a tried and true rule within the early retirement community for some years now.  It might be known to you as the Safe Withdrawal Rate or simply SWR.  If it is not known to you quite yet, let’s define it before we dive further into this opening bid of how much money you need to retire comfortably! The Safe Withdrawal Rate is the % of your investments available to you continue reading…

Achieving Financial Independence - Prank or Reality

Achieving Financial Independence … prank or reality?

It’s confession time!  The first time I read about the concept of achieving financial independence, I thought it was some April Fools prank.  Retirement only happened at 65, right?  The thought was too intriguing however to not dig into further.  After all, traveling the world why I can still move all four of my limbs properly sounded very enticing. What became obvious very quickly was that I am not alone on my newfound journey to continue reading…

Retirement Checkup

Quarterly Retirement Checkup … it’s like going to the doctor

Once upon a time, I’ve learned a valuable lesson. A “retirement checkup” lesson. And I’m a sucker for sharing. So here it goes. My twenty-year-old naive self was strolling down first-real-job lane. This included a 401k. How grown up of me, I know. Here I had picked my investment selections and then did … nothing. For a whole year. Yup, I was an idiot! Twelve months rolled by and my boyfriend started talking annual returns continue reading…

How not contributing to your 401k in your 20s can cost you One Million Dollars

How not contributing to your 401k in your 20s can cost you One Million Dollars!

I have been known to talk quite a bit about the importance of retirement on this blog.  Why is that … because it is just simply that -> ridiculously important!  Zinger, I know.  Well, true to fashion, I will continue talking about it in this post.  Possibly until I am blue in the face.  Let’s dive right into it since one thought in particular has been swirling around in my head all day long.  How continue reading…

gender gap in retirement savings

It is time to put a stop to the gender gap in retirement savings!

If there is one topic that puts me on edge, it is the infamous gender gap.  Like so many women of my generation, I have graduated college, worked my way up the career ladder and have watched other people shoot the breeze at work while I burned the midnight oil more than a few times.  Nevertheless, we still make only $0.80 to the dollar compared to the male gender.  Gasp!!!  To make matters worse (yeah, continue reading…

What will happen to social security in the future?

Hey Millennials – What will happen to Social Security in the future?

The big question on Millennials’ minds is or should be “What will happen to social security in the future?”!  Why is that you might ask?  Because the logical assumption of “I pay taxes, so I am owed social security retirement benefits” is not going to fly for much longer.  Bummer, I hear ya! What will happen to social security in the future?  How much will be available? option 1: 100% option 2: A fraction of continue reading…