FIRE, aka Financial Indenpendence Early Retirement, is the concept of saving & investing your money to earn enough passive income through your investments to retire much earlier than the standard age of 65.
You can retire as early as 40 using sound money management skills if that’s your goal.
Here’s a collection of articles related to FIRE and setting up yourself for retirement.
Is it possible to live off dividends in retirement? Can you retire by 40 with dividend stocks & ETFs? These are the 2 questions I found myself asking when I…
In today's poor economic climate, how to retire early at 40 should be a question that most of us ask ourselves. Instead, most of us end up working most of…
I remember a conservation I had last year with 2 women in their late 30's who asked me what I did for a living. The conversation went something like this:…
There are two primary types of IRAs, the Roth IRA and the Traditional IRA. With a traditional IRA, the funds that are invested are potentially tax deductible to the account…
We've covered the best Roth IRA providers and stocks already, but you may want to purchase a book to truly understand the power of the Roth individual retirement account. Here's…
Are you thinking about opening a SEP IRA account for your small business? SEP IRAs are one of the best ways for self-employed entrepreneurs, digital nomads, and small business owners…
For many reasons, the SEP IRA is an extremely attractive option for a retirement account. First, a SEP IRA retirement account is easy and inexpensive for a business owner to…
Etrade is a US Based financial services company based in New York City, New York. It was founded in 1982 and currently has over 3,000 employees helping you invest in…
Etrade is a US Based financial services company based in New York City, New York. It was founded in 1982 and currently has over 3,000 employees helping you invest in…
If you plan to trade stocks in your Roth IRA, then it makes sense to pay attention to commissions and transactions fees since they eat away at your investment returns.…
Are you ... Changing jobs? Changing careers? Retiring? If you are receiving a distribution from a company retirement plan, there are important decisions you need to make ... sooner than…
One of the most important benefits of Roth IRAs is the long term compounding effect. Basically, your money continues to earn more over time even if you don't add any…
Though investors may love dividends for their income potential, stocks that issue dividends to investors also fair better in weaker markets. What's In a Dividend? Dividend paying stocks are more…
With fixed income investors looking for higher yields, Build America Bonds may fit perfectly in their plan. Enacted as part of the 2009 economic stimulus package signed into law by…
What has always been a staple of financial planning is now supercharged in today's economy of low rates and incredibly low mortgages prices. Paying off the mortgage is one item…
Taxes, taxes, taxes: those three words have thus far defined the campaign trail, as hundreds of members of government are up for re-election this year. However, taxes aren't just important…
401k programs are notorious for offering very few, yet expensive, options for their clients. However, one loophole may save you thousands of dollars per year and let you have more…
Once you've familiarized yourself with the Roth IRA basics, you should know whether or not you want to open a Roth IRA or not (and, of course, whether or not…
After managing my Roth IRA account for almost 4 years, I decided to swap it in exchange for a Fidelity business account. Of course, some of you are calling my…
When investors think of "risk aversion," typically treasury bonds, corporate bonds and municipal debt rank highly on the list. In today's economic climate, however, it appears there may be more…
As gold reaches $1000 per ounce and silver pushes its pre-bubble highs, investors have an increasingly vested interest in precious metals. Once ignored for their below-average returns, metals and retirement…
Actions by world governments are steering investment dollars away from the stock markets. In addition to the economic downturn, investors have a variety of other reasons they're not willing to…
SEP (Simplified Employee Pension) IRA accounts are a great way for small business owners and self employed individuals to invest a portion of their company profits for their retirement. You…
In an age where virtually every one of life's biggest expenses are covered by “expendable” company benefits, many investors and employees alike are growing more concerned over their financial future…
Financial advisors have long recommended that investors tone down their portfolio risk as they age to prevent the chance that falling equity prices will stifle retirement plans. However, as many…
Many senior citizens are bombarded by advertisements promoting new reverse mortgage offerings, which can offer extra income during retirement. A reverse mortgage essentially entails selling your home in pieces for…
A global recession has every investor looking for ways to reduce costs. From the number of times we visit fast food restaurants or how we regulate the home thermostat, it…
Financial advisers will never recommend that you borrow from your 401k – and for good reason. Unfortunately, life does not always go to plan, and making a decision on borrowing…
Exchange traded funds received their start from active day traders and swing traders looking for better ways to trade Wall Street's indices. Today, there are ETFs for everything, ranging from…
The prospect of retirement triggers good feelings, including the idea of spending extended periods of time traveling the world and living on the fortunes amassed after years of hard work.…
Gold prices have shot sky-high, hitting a record of $1030 per barrel last spring.Investors are rethinking the view of gold as anultra-speculative investment in these economic times.Buying gold to back…
Economic slowdowns are always quick to hurt business spending, whether it is on new production components or human resources. Employees are feeling the economic pinch, faced with potential job loss…
In as little time as 30 years, tax brackets in the United States have changed completely. During the early 1980s, the top tax bracket was paying 70% federal tax on…
Photo Credit: Greek Shares The traditional retirement think-tank would say that bluechips should make up your short term retirement holdings. Investing your cash in a blue chip stock for a…
Photo Credit: LA Times As more banking institutions become insolvent, it is important to know which accounts are insured against bank failure - and which ones are not. In fact,…
Photo Credit: Analytical Thoughts It's not how much you save, but how much you spend that truly makes a difference - especially when it comes to your retirement. Many people…
Photo Source: Citizen Tom For retirees, the current market events present an unfortunate circumstance, where many retirement portfolios are stuck between a rock and a hard place, whether in fixed…
Photo Credit to Amanita The problem arises for many retirees that domestic slowdowns put their own retirement jeopardy. It has long been the advice that future retirees should invest more…
The Federal reserve rate cuts have hurt the retired, with lower CD and money market rates making it difficult for retirees to earn the magic 4%. The 4% interest level…
Retirement planning focuses on a portfolio that can sustain the cost of living once work-related income has ceased. Many retirement portfolios are healthy enough to carry your standard of living…
Bullion might seem to be a speculative investment to some, but it deserves an opportunity to be part of a retirement portfolio. If history is any indication of the future,…
After the market turmoil in the past few weeks, retirement portfolios could have easily become unbalanced. Huge gains in the mining industry offset losses in the financial sector, while technology…
During the first few months of the year, many taxpayers will be looking for ways to reduce their tax burden for the previous year, and also take advantage of tax…
The decision of whether or not to pay off your mortgage before retirement can be complicated. Tax benefits and investment mathematics blurs a relatively simple answer. Retirement should be the…
Retirement planning may be getting easier, but it certainly is not getting cheaper. To add to the supply of retirement instruments, a new breed of mutual fund has emerged: the…
Planning for retirement is a complex issue, with equal weight given to retirement income and capital growth. Recent trends have made variable annuities a very popular retirement planning instrument, stemming…
The Scenario: The reality of retirement is inevitable – especially for the post-baby boomers generations. With company plans a foregone luxury, people must now plan for nearly every penny…
Photo Credit to MarionEveryone's IRA situation is unique, but these 7 tips will help you maintain the proper retirement course. Here's 7 surefire ways to kickstart your IRA account to…
Funding your IRA account takes a bit of discipline, but remains one of the easiest ways to build wealth over the long term. I learned this lesson the hard way when I neglected my Roth IRA account last summer working as a intern.
The key to investing is long-term growth, so what could be better than opening a Roth IRA account for your retirement? Read Wikipedia’s comprehensive guide on the complete benefits of…
So you want to retire rich with lots of money? If you understand the time value of money, then you're half way there. There's no need to fret because you…