In The US The average life expectancy is 76 years old. This average life expectancy is average though, and that means the statistic contains some additional information that is absolutely relevant. An average across everyone includes infant mortality. It includes people who smoke, people who drink heavily, people who never …
If you haven’t saved much for retirement and are past 40, you aren’t alone. The median balance of 401K savings for people 35 to 44 is right around $24,000. It is best to start a nest egg earlier, however we have no control over what has already happened and there …
When it comes to retirement planning, the main litmus test that has been used since the late 1990s is called the 4% rule. This rule was based on a study done by 3 economists who looked at historic 30 year retirement periods, running from 1925 to 1975 (later updated to …
Mrs. C. and I reached Lean Financial Independence in mid 2020 at ages 34 and 38. Over the last 3 years we have increased our financial position substantially and are at full financial independence. I still work my primary contracting job, which is roughly 18 weeks per year on average. …