January 22, 2024
In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning.
In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning.
Credit 101: The Ultimate Guide to Credit will teach you what you need to know about what credit is, what it can do, how to use it, and how to build it.
How Each State Taxes Retirees This article from Kiplinger, “Taxes in Retirement: How All 50 States Tax Retirees,” is a quick way to determine how your state (or future retirement destination) taxes income for retirees, including: · Income Tax on Taxable Income ·
Learn all you need to know about creating emergency funds, where to keep them, how to grow them, and when to use them in our Ultimate Guide.
Travel Rewards Sweet Spot Examples Travel Rewards is one of our “Pillars of FI” as we think it is an easy way to take 1-2 nearly free vacations each year by using your smart credit card habits and opening targeted credit cards (here’s my Top 10 List that I keep
These days, so many of us get the bulk of our worldview from snippets we read online. We’re more informed than ever, but often lacking in the depth of perspective that comes with long-form writing. That is unless you’re an avid reader of books. Sometimes you need a good book
Empower, formerly known as Personal Capital, is our favorite free net worth tracker. We love it for its incredibly intuitive interface, the fact that it allows you to aggregate all your accounts, and because it’s absolutely free! Empower is our favorite free net worth tracker because you can keep track
If you’ve read anything from the financial independence community, you’ve read about Roth IRAs. They provide tons of benefits to all retirees, like tax-free growth and the absence of required minimum distributions. There are some benefits more applicable to early retirees, like the ability to access principal before age 59.5.
Keep Moving As part of making 2023 my ‘healthiest year ever’ I am making a concerted effort to get outside and walk at least a mile every single day. While there isn’t anything magical about 10,000 steps per day necessarily, I think it’s directionally accurate in the sense that most
One problem with retiring early is that you can’t access your tax-sheltered retirement accounts until 59 1/2 without taxes and penalties.
Once you start your FI journey, your first step is generally to establish an emergency fund. Finding a high-yield savings account is a great way to earn some interest on your savings and this is the first time in 20 years we’ve seen significant interest rates on savings accounts! Savings
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