Benefits of Tax-Advantaged Savings
Retirement
2

Tax-Advantaged Savings and Recommended Strategies

According to the National Study of Millionaires by Ramsey Solutions, 8 out of 10 millionaires invested in their company’s 401(k) plan, and that simple step was a key to their financial success. Not only that but 3 out of 4 of those surveyed also invested outside of company plans— mostly …

Retirement
4

Why Work ‘Til You Drop When You Can Retire Early in the Philippines?

For many Americans, retiring early in the USA is a lost dream. Sure, staying within your comfort zone has certain advantages: established social connections, proximity to family and friends, and the local culture. But the cost of living— with rising housing, taxes, and healthcare costs— could potentially deplete your retirement …

Retire as a Millionaire from the Military
Career
1

Can You Retire from the U.S. Military as a Millionaire?

Retiring as a millionaire is probably the last thing you’d think about when joining the military. To serve the country is on top of the list. Besides, any financial gain you get from the government wouldn’t offset the sacrifices you have to endure: Rigorous training (10-13 week boot camps in …

Four percent rule
Retirement
2

The 4% Rule is Not for Everyone, Use this Calculator Instead

The first time I heard about “safe withdrawal,” I thought it was a family planning method. I was like, “I’m an expert!” Well, it turns out it’s for a different kind of planning— your retirement. Specifically, it answers the question, “How much can I safely withdraw from my retirement accounts?” …

What turning 50 means to your finances
Retirement

What Turning 50 Means to Your Finances

If you’re wondering why you haven’t seen a new post in weeks, it’s because I was extremely busy. For starters, I’ve built a mini-basketball court in my backyard, moving 20 tons of gravel using a wheelbarrow in the process. My employer also demanded that we start working in the office, …

Anatomy of an American Paycheck
Income
2

The Anatomy of an American Paycheck

If only more people paid attention to their paychecks than credit limits, we would have less poverty, homelessness, divorce, and more happy millionaires who don’t stress about money.

Life without retirement savings sucks
Retirement

Life Without Retirement Savings Sucks (and what you can do about it)

Living longer is certainly a blessing. But being a 90-year-old with no money is not a particularly good problem to have. Your quality of life diminishes, and you become a huge burden to your kids, who already have responsibilities of their own.

Our house
Retirement
2

Why I’m Paying Off My Mortgage Early, Maybe You Should Too

Paying down your mortgage when you have an ultra-low interest rate is unpopular among many investing geniuses because the stock market has historically returned around 12%. The typical advice goes like this: “Your 3% mortgage is cheap money. Put your money on investments that will make you more money!” In …

Traditional 401K vs ROTH 401K
Retirement

Traditional vs Roth 401K: Understanding How They are Different

One thing that can significantly affect your long-term and retirement savings is the type of employer-sponsored retirement plan you choose. While traditional 401(k) plans and Roth 401(k) sound similar, there are some major differences between the two accounts.

Suze Orman could be right
Financial Planning

Suze Orman Could be Right, This Calculator Can Tell You Why

If you’ve been following my posts, you probably know by now that this is not a FIRE (Financially Independent, Retire Early) blog. For one thing, I’m already in my forties when I wrote my first post.  There’s no way I could retire in my 30’s without sneaking into my sister’s time …