JL Collins recently released his first book, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. Collins is not yet a household name for most people. However, if you start reading blogs among the early retirement community, you cannot help but learn about the man. He has been…
Early retirement offers many benefits. The obvious benefit, of course, is . . . well, retiring early. But perhaps a less obvious benefit would be the tax advantages available to early retirees. The advantages are often hidden behind the complexity of the tax code. A quick Google search claims that the U.S. tax code is…
In a recent post, I discussed some of the tremendous tax advantages associated with early retirement. This follow-up discusses another aspect of the tax code that is very favorable to early retirees: ACA subsidies. It’s often a low-cost lifestyle that enables people to retire early and benefit from low taxes in retirement. Well, this also…
Are you a physician, other medical professional, attorney, engineer, or in another profession requiring advanced education to obtain a high-paying job? If so, you’ve spent years of your life going to school. You’ve spent tens if not hundreds of thousands of dollars obtaining degrees that allow you to be a highly compensated professional. But despite…
I received my initial financial education, particularly as it relates to investing, courtesy of the school of hard knocks. My wife and I spent the first decade of our careers investing with an advisor, one who was paid by commissions on the products we were sold. In the process, we made many massive and expensive…
If you’re looking to leave the traditional workforce to be an entrepreneur, freelance worker, or early retiree, one of the biggest financial challenges you will face is medical insurance. Health Care Sharing Ministries (HCSM) are an alternative to traditional health insurance policies and could be a viable solution for some people. Why an alternative is…