Currently browsing tag

Retirement

Is It Crazy To Think I Could Retire At 40?

For the most part people in this country would classify retiring at age 45 to be extreme. The “normal” retirement age is 65, and age 55 is seen as early retirement.  Retiring at age 40 means that I will have worked for 23 years.  My current long term goal is …

Roth Vs Traditional

Is A Self Directed IRA A Good Option?

A self directed IRA is just that, an IRA that you, the individual are in charge of what investments are placed in it.  Typically most investment firms allow you to invest in stocks, bonds, mutual funds, and that’s about it.  With a self directed IRA you have far more options. …

How To Increase Your Savings Rate, and Why

There are three major factors that influence retirement savings; time frame, market returns, and your savings percentage.  By far the most crucial factor is your savings percentage.  The rule of thumb thrown around all the time is to save 10% to 15% of your income.  This may work if you …

Increase Retirement Savings Plan Fairness

One day last week I came across an article in the USA Today comparing the pensions of the top 100 CEOs to the retirement savings of average americans demonstrating a deep divide.  The capitalist in me viewed this as no big deal, because obviously higher income people will have higher …