In this article, we cover 10 essential FIRE reads and book summaries for 2020. The ideas that originated the FIRE movement began with the 1992 book Your Money or Your Life by Vicki Robin and Joe Dominguez and the 2010 book Early Retirement Extreme by Jacob Lund Fisker. Since then, countless people have taken advantage
From time to time, we interview folks who are financially independent (FI) and owning their money. Today is an interview I did with my brother, who retired at 50 and is financially independent. A 60-something retired conservation officer, Mark lives with his wife in a quaint Wisconsin town surrounded by lakes, wildlife and forest. He
Every Christmas season my wife and I have series of movies that we pull out and watch between Thanksgiving and Christmas time. This past weekend we pulled out one of our classics, National Lampoons Christmas Vacation! If it isn’t part of your regular Christmas movie set, then it needs to be! I love almost every
Next weekend I’ll be running my sixth half marathon and my first one since hitting 40 years old. As I get older the miles feel harder and harder, but I continue to push on. I push on, because I know that if I stop and become sedentary, then it’ll be harder to gain back my
These past few weeks I’ve been having a lot of pressure with my job! So much so, that I’ve been having to work extra hours and get my projects done ahead of schedule. I normally put a lot of pressure on myself to perform at a higher level, but just in the last few months
Big pie in the sky question for you today. What does retirement look like for you? Maybe you are sitting here reading this blog post at 25 years old and $45,000 in college student loans, and you just put 0% down on a $250,000 house and you are thinking retirement is a far off dream.
Are you in retirement, and have come to one of these self realization moments where you suddenly realize that you’ll more than likely run out of money before you die? Or have you had a nightmare where your portfolio manager tells you that you will more than likely outlive your nest egg? It’s at that
There’s so much press devoted to the idea of early retirement, but is it even really possible for the average person? The answer to that is almost certainly yes, but it’s all in the numbers. As in, you have to get the numbers right in order to have any hope of it working out. Saving
About two months ago I got an unexpected “time-sensitive” letter from my former employer notifying me that they were offering me an early buyout of my pension. You see I’d left my former employer after 11.5 years of employment and had accumulated a pretty good nest egg pension. In my mind I considered this “cigarette
**This is a guest post from my (Charlie) mother-in-law, who has always given me great tips to lower my tax bill. Enjoy!** As a certified public accountant, one of my most frequently asked questions during the last year was “What are the tax consequences for taking money out of my retirement fund to pay consumer
