Is Early Retirement Still Achievable?

Retiring early is a dream held by many, but few people understand what it takes to make it happen. Even worse, many people don’t realize how much money they’ll need to retire early, so they hold out hope when their chances are slim. Still, it’s important to note that early retirement is absolutely achievable. With a commitment […]

Published or Updated: September 16, 2015

Can I Count on Getting Social Security When I Retire?

In response to the devastating and crippling effects of the Great Depression, the United States government promised to help its residents avoid poverty in old age. To this end, Congress passed the Social Security Act of 1935, and it was signed into law by President Franklin Delano Roosevelt in August of that year. The original […]

Published or Updated: September 4, 2015

5 Ways Early Retirees Can Avoid the 10% Penalty on Early Distributions

One of the conundrums faced by anyone who wants to retire early is the 10% additional tax on certain early distributions from many retirement accounts.  For example, if you retire at 50, you won’t be able to access pre-tax retirement accounts without incurring the 10% additional tax, unless you qualify for one of the exceptions […]

Published or Updated: August 26, 2015

How to Invest During Retirement – An Interview with Dr. Wade Pfau

Imagine you spend 30 or 40 years saving and investing for retirement. With a long investing horizon, you stick with an aggressive asset allocation of 70% or more in equities. Now it’s time to retire and start spending some of your wealth. How should you invest? It’s a tricky issue. On the one hand you […]

Published or Updated: September 2, 2015

The Ultimate Retirement Calculator (and it’s free)

Personal Capital first introduced what is by far the best financial dashboard I’ve used. It’s a free online tool that tracks everything from your bank accounts to your investments. It comes with great graphs and charts that show your asset allocation, investing costs, and cash flow. Now they’ve introduced an equally impressive retirement calculator. I […]

Published or Updated: July 9, 2015

Calculating the Value of a 401k or IRA Retirement Account

A reader named Jen recently sent me an email about 401k retirement accounts. James Altucher, a former hedge fund manager, had posted a video on Business Insider on why you shouldn’t invest in a 401k. When I first saw the video, I thought it was a parody. I didn’t realize he was being serious! Here’s […]

Published or Updated: June 22, 2015

How Advisors Kill Your Retirement Like The Walking Dead

Several friends have recently contacted me about their retirement accounts. They are planning to retire and want to rollover their 401k to an IRA. So far, so good. While they managed their 401k for decades, however, they are uncomfortable managing the rollover IRA. The combination of a lot of money to manage and the consequences […]

Published or Updated: May 22, 2015

DR 171: How to Retire at 40 – Interview With Chris of Eat the Financial Elephant

Since launching the podcast in 2013, I’ve had the chance to interview folks about early retirement. It started with Mr. Money Mustache, who retired at the ripe old age of 30. Then we had Todd Tresidder on the show, a former hedge fund manager who retired at 35. More recently, we talked to Jason of […]

Published or Updated: April 13, 2015

DR 166: How a Husband and Father of 3 Retired at Age . . . 33

Imagine retiring at the age of 33, after just 10 years in the workforce. A fantasy you think? Hardly. I interviewed Justin, founder and owner of the blog, where he discusses the financial aspects of early retirement, as well as the psychology behind it. This was an enlightening interview on a number of fronts. […]

Published or Updated: March 14, 2015

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