retirement vesting

When Quitting Backfires: How To Not Lose Your Retirement Vesting $$$

This past week, I stumbled across an interesting new article about retirement vesting losses.  And it gave me some serious flashback to how I got close to losing $5,000.  I would really like for you not to run the same risk.  So let me explain… A few months ago, I switched jobs for a number of reasons.  For one, my new role pays more and it was a nice career move on top of it.  continue reading…

Maximum Contribution Limit

Your 401(k) Maximum Contribution Limit Increases By $500 In 2018

Woohoo!  The IRS has announced that, after three “long” years, the 401(k) maximum contribution limit will increase by $500 in 2018.  You can read all about the announcement right here. The catchup contribution of $6,000 per year for folks ages 50 and up will (unfortunately) remain the same in 2018.  Why the government wouldn’t allow for additional savings is puzzling at best. Your 401(k) Maximum Contribution Limit Increases By $500. And, yes, that’s a big deal! continue reading…

retirement account in disguise

HSA – The Retirement Account In Disguise

Soon enough, it will be that time of the year again.  No, I am not talking about Christmas.  The jolly “old” man will be headed our way soon enough in a few months from now. Until then, most employers will enter into “open enrollment period”.  And us employees will have the change to either re-confirm or change our insurance plan and benefits. So this is the perfect time to talk about THE retirement account in disguise! continue reading…

how long will your retirement savings last how to not run out of money

How long will your retirement savings last? Wonder no longer…

How long will your retirement savings last?  A question easy to lose sight of.  After all, we are busy climbing the Mount Everest of retirement by earning and saving as much as we can.  All to reach the FI/RE summit. Asking ourselves how long our savings will last is just as important as FI/REing in the first place.  What is the point of it all if we run out of cash and have to go continue reading…

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…