Dave Ramsey’s 8% Withdrawal Rate is NOT Okay ChooseFI is a ‘positive vibes’ kind of place, but there are rare occasions where I see dangerous advice put out into the world by personal finance celebrities that needs to be responded to. This is one of those times: Dave Ramsey’s delusional
When your primary financial goal is to retire early and become financially independent, sometimes it feels like you can only do so much. If you’re already maxing out your IRA and 401(k) every year, you might assume that you are left with only taxable accounts to invest your cash in. So let’s
One central question remains in the FI community for those who seek to retire early: How will I pay for healthcare? The triple tax benefits of an HSA are your answer. The fate of the US healthcare system is always up in the air. It’s not clear what the future
Utilizing an HSA (Health Savings Account) is a smart strategy to add to your overall nest egg. If that made your head spin while also totally exciting you, read on. We will discuss Health Savings Accounts to get you familiar with these FI-friendly accounts, and how to best utilize this
Most people have some experience investing through an IRA or 401k. They may even trade stocks in their spare time. It’s easy to assume that for the most part, managing one investment is much the same as any other. But a Health Savings Account (HSA) is a different animal. While
I used to attend “Broke University” where most of my financial decisions were short-sighted, based on what I could afford today and ultimately resulted in a poorer me. I couldn’t see past what I needed right now. It was survival mode always and I often borrowed from Peter to pay
Compilation of lifehacks and community suggestions from the EconoMe 2024 “Wall of Lifehacks”.
0% Long Term Capital Gains Explained Frank wrote in: “I have a question from Episode 471 with Cody Garrett. Cody talked about the three tax rates on long-term capital gains (0%, 15%, 20%). As I understood the conversation, if you have long-term capital gains of LESS than $94,050, you pay
In this episode: FI in your 20s, the boring middle, compounding, fat FI, compounding, checkpoints, and building a life.
Deep Dive on Inflation and FI Planning After listening to Episode 471 where Cody Garrett and I discussed FI and inflation, my friend Jesse Cramer wrote to me and Cody and said: “As you chatted about applying inflation in FIRE/retirement, I thought to myself, “Could visuals help here?” …and I
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