Is Getting The Lowest Fee The Most Important Part Of Choosing An Index Fund?

Is Getting The Lowest Fee The Most Important Part Of Choosing An Index Fund?

Index funds have not only made investing low-cost, but they’ve also made it incredibly simple. You don’t have to select individual stocks or do any kind of research on companies. And you can be guaranteed that your investment at least won’t underperform the market (though it won’t outperform it either!). And since you’re investing in entire markets, it makes asset allocation easier than ever before. All you need to do … Read more

How To Prepare For Drawdown During Early Retirement

How To Prepare For Drawdown During Early Retirement

We all know that we are great at building up our portfolio income in preparation for early retirement. But, most of us are so busy with our eye on the prize of a great retirement that we don’t really know what to do with it when it is finally here. Once we are at the point of early retirement, how do we ensure that we are using our portfolio income … Read more

Vanguard Vs. Fidelity–Which Company Is The Right Choice For You?

Vanguard Vs. Fidelity--Which Company Is The Right Choice For You?

Vanguard and Fidelity are the two of the largest, and most well-known investment management companies around. Both offer the low-cost broad-based index funds we love here at ChooseFI. But why choose one over the other? That’s exactly what we’ll be talking about today. What Is Vanguard? Vanguard is an investment management company that offers low-cost mutual funds and ETFs. John Bogel–the founder of Vanguard and mutual funds themselves, wanted Vanguard … Read more

How To Move Money From A Financial Advisor To Vanguard

How To Move Money From A Financial Advisor To Vanguard

If you’ve been educating yourself about how to achieve financial independence (FI), you’ve probably learned a lot about investing on your journey to reach your FI number. You’ve probably also learned that fees can eat up a huge portion of your investment return over time, especially as the losses–due to fees, compound. Let me give you an example of how fees will eat into your nest egg. In 2019, you … Read more

When And Why Your Child Should Open A Roth IRA

When And Why Your Child Should Open A Roth IRA

As someone interested in financial independence (FI), you’re likely very familiar with the concept of compounding returns. The concept of compounding returns is one of the most powerful forces in the financial world. In general, the longer you leave your money invested, the more your initial investment will grow. For example, $10,000 earning a 10% return for 10 years will be worth about $27,000. Give it another 10 years of … Read more

Investing Inside Your HSA: Healthcare’s Best Kept Secret

Investing Inside Your HSA Healthcare's Best Kept Secret

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 it has a host of unique benefits that make it a top-tier investment vehicle, it also has its own restrictions … Read more

How To Buy Real Estate In A Roth IRA

How To Buy Real Estate In A Roth IRA

Did you know you can actually buy real estate in a Roth IRA? And it’s completely legal too, not the least of which since you can hold just about any asset in an IRA account. Some real estate promoters seriously pitch this option. And while it is certainly possible, you need to be fully aware that it’s also a very complicated process. We’re going to do a high-altitude report on … Read more

How Substantially Equal Periodic Payments (SEPP) Can Help Your Early Retirement

Maybe you’ve heard of substantially equal periodic payments, sometimes referred to as SEPP, or maybe more commonly “72(t)” or “72(t) distributions”. Most people probably haven’t, or if they have they have only a vague idea what they are about. It’s something of a complicated topic, but rest assured it can help your early retirement plans in different circumstances. There are two fundamental dilemmas facing just about anyone who wants to … Read more

Are You Maxing Out Your 401(k)? Don’t Miss Out On The Employer Match!

Don't Miss Out On The Employer Match!

One very easy way to put an extra few percent toward your savings rate is earning a retirement savings match at your employer. Every additional percent of your income and your employer’s match that you put away puts you a few months–or maybe even years–closer to Financial Independence. To get the most out of your 401(K), it’s super important that you’re aware of what options are available to you and … Read more

Should You Pay Off Your Mortgage Or Invest?

Should You Pay Off Your Mortgage Or Invest?

When it comes to optimizing your money, one hotly debated topic is whether you should use your available income to pay off your mortgage faster or invest the money for the greatest return. The future is unknown, but there are emotional and logical arguments to be made for investing or paying off the mortgage first. Planning for financial independence means you consider even more factors to find the right answers … Read more