How To Create An Investment Policy Statement

How To Create An Investment Policy Statement

As members of the FI community, our goals are all similar enough in theory. In order to retire early, we need to have 25x our annual expenses in diversified investments and savings to achieve this. But how, and when, each one of us achieves it may be completely different based on our individual scenarios, which is where having an Investment Policy Statement comes in handy. What Is An Investment Policy … Read more

Acorns Review–Automatically Invest Your Spare Change

Acorns Review--Automatically Invest Your Spare Change

I signed up for an account, here’s how it went. How Acorns Works  We’ll cover the whole sign-up process below, but basically, after you sign-up for an account (which you can do online or through the app), you need to link a debit or credit card. Then, each time you make a purchase, Acorns rounds up your total to the nearest dollar, and the difference is invested for you. Investing … Read more

126R | What Is An Annuity

126R | What is an Annuity

Brad and Jonathan tackle a listener question about annuities and discuss some updates to the travel rewards landscape. Second Generation FI Many people in our community struggle with how to pass along the lessons of FI to their children. Brad shared stories about passing FI lessons along to his children. The little things really are the big things in life. Brad and Laura take the opportunities to teach their kids … Read more

DRIP Investing: A Low-Cost Automatic Way To Save

DRIP Investing: A Low-Cost Automatic Way To Save

Automated investing is one of the best ways to build your future. We all know about 401(k)s, IRAs, and mutual funds, but one tried and true method is often overlooked. Dividend reinvestment programs (DRIPs) have been around for decades. They are a low-cost, automatic way to invest in some of your favorite companies. This guide will explain what a DRIP is, who offers them, and the pros and cons of … Read more

125 | The Family Emergency Binder

125 | The Family Emergency Binder | Chelsea Brennan

Today Chelsea Brennan from Smart Money Mamas and creator of the Family Emergency Binder is here to talk about her unconventional choices that led to a happier life. How Chelsea Became A Hedge Fund Manager As a hedge fund manager, Chelsea worked her way into a $450,000 per year salary and managed $1.4 billion for a hedge fund. If your goal is to increase the income side of the equation … Read more

How To Use Your HSA To Provide Income In Retirement

How To Use Your HSA To Provide Income In Retirement

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 type of account to help you generate some tax-free income once you’ve reached FI. A Primer On HSAs In order … Read more

How To Open Accounts With Vanguard, Fidelity, And Schwab

How To Open Accounts With Vanguard, Fidelity, And Schwab

Most everyone has heard of Vanguard, Fidelity, and Charles Schwab. After all, they are the three top investment management firms in the U.S. Since they are three of the best in their field, it may be hard to decide which will work best for you. Well today, I’ll talk about the differences between the three and show you step-by-step how to sign-up for an account with each. That should help … Read more

Where Should You Invest? How To Determine And Implement Your Asset Allocation

Where Should You Invest? How To Determine And Implement Your Asset Allocation

When investing in a portfolio, there only a handful of things that you can control that will influence returns. They are: Asset allocation (stocks versus bonds) Security selection (which stocks or bonds) Market timing (buy now or later) Significant research has been done on these factors. By and large, security selection and market timing are not likely to result in outperformance. As security selection and market timing are most often … Read more

When 2% Costs Everything: How Investment Fees Cost You Your Freedom

When 2% Costs Everything: How Investment Fees Cost You Your Freedom

One of the greatest appeals for having a financial advisor is the comfort we feel in having an “expert” do our investing for us. We fear that we don’t know what we’re doing with our own money. Most of us didn’t go to school for finance and we figure that a seasoned professional knows how to invest our money better than we do. They must have years of experience, training, … Read more