Tax Notices: Penalty Removal Request It’s the time of year where the IRS and state tax agencies send out tax notices for additional tax due, underpayment of estimated payments, etc. There are usually 3 components of the amount due on a tax notice: Tax liability, interest, penalty. A tip that I’ve
Is the 4% Rule too Conservative for FI? Two former guests on our podcast, Brandon the ‘Mad Fientist’ and Nick Maggiulli, teamed up to produce a wonderful article on Brandon’s site called, “The Problem with the 4% Rule (and Why You Could Retire Even Sooner).” These are two smart, data
Rethinking the Value I love it when a money concept is presented in a way that really hits home. An example is how we show that cutting $100 out of your monthly expenses equals $30,000 less you need in your net worth to reach financial independence. Cody Garrett from Measure Twice
Expressing Gratitude Susanna responded to last week’s newsletter with a story that I wanted to share with you, as it highlights the power of FI and is a reminder to thank those people in your life who have made an impact on you. Here it is in Susanna’s words: “I
FI Hobbies and Activities I published a fun podcast episode yesterday with my friend Chris Terrell where we talked about some fun, frugal FI hobbies including board games (oh, how we love board games!) and pickleball. If you’re someone who doesn’t think of themselves as a board game fan, I
Shaving 10 to 20 years off of your retirement date is one of those eye-opening ideas that might keep you up at night. It’s just so exciting! In fact, it’s so exciting, that trying to get 1% better with your finances may sound like a rather boring goal. But anybody
New Year, New Contribution Limits Happy New Year! It’s a new year, so that means there are new contribution limits for retirement and tax advantaged accounts and even if we maxed these accounts out in 2022, we’re back down to $0 contributed in 2023 and are ready to fill the
The start of anything is an exciting place to be. Whether it’s a fresh new year, a new city, or starting any new chapter of your life, it can be refreshing to turn the page. No matter how far along or fresh your journey to FI may feel, there are
This episode is our 6th annual year-end wins episode, and we are re-joined by MK Williams to listen and read submissions from our listeners and celebrate the progress of our audience through different stages of their FI journeys!
In this episode: taking action, travel rewards, career progression, the mission to net zero, and value propositions for college.
Pursuing FI is well and good if you have an established job that pays you well. But what about those fresh out of college? I know when I graduated, I barely had enough in the bank to put a down-payment on an apartment, let alone start pursuing Financial Independence. What
Money Saving Tips from Laura Over the years I’ve mentioned a number of my wife’s money-saving hacks on the podcast and the community has always wanted more! Laura was kind enough to write up some tips for the FI Weekly: “Hello FI Weekly readers! Laura here making a guest appearance and taking
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