The four percent rule is a great rule of thumb as you plan for your "retirement number". Not only does your retirement nest egg need to cover your expenses, it also needs to last throughout the rest of your life. We'll explain what the 4% rule is, and walk through how it will last throughout your retirement. Finally, we'll let you know what risks you should keep in mind with … [Read more...] about What is the Four Percent Rule?
Retirement
What is FIRE – Financial Independence Retire Early?
Financial Independence Retire Early, known as "FIRE", has grown from a group of bloggers to being featured in the Wall Street Journal and New York Times. More and more people are striving towards financial and personal freedom, and the FIRE movement aligns with this. We'll walk through what FIRE is, how to do it, and what risks you should keep in mind. What Is FIRE? FIRE … [Read more...] about What is FIRE – Financial Independence Retire Early?
Average Net Worth by Age – Where Do You Rank?
When it comes to your average net worth by age, everything is relative. Keeping track on your net worth will help you achieve financial freedom, and knowing where you rank will help you see how you're tracking for retirement. Below are the average net worth by age according to the Federal Reserve Consumer Finance Survey 2016: Under 35: $76k 35 - 44: $289k … [Read more...] about Average Net Worth by Age – Where Do You Rank?
Warren Buffett – The Best Investment To Make
Warren Buffett has never been a fan of the investment fees that hedge funds charge. In 2007, he made a $1 million against any hedge funds an S&P 500 index fund would outperform their fund selection over 10 years after fees. Protégé Partners was the only hedge fund who took on the bet, and the S&P 500 beat them decisively. Warren Buffett's S&P 500 investment fund … [Read more...] about Warren Buffett – The Best Investment To Make
What’s a 401k Rollover – Should You Rollover Your 401k?
When you change jobs or retire, you have some options to consider for your 401k. You can transfer your 401k into an IRA, leave the money in the 401k, or cash it out. Transferring to an IRA is known as a 401k rollover, and is generally your best option. We'll discuss what a 401k rollover would do for your retirement, and discuss whether it will be the best option for … [Read more...] about What’s a 401k Rollover – Should You Rollover Your 401k?