I spent the last week in Washington D.C. at FinCon, a conference for those who create digital content in the personal finance space. After long days, late nights, too much noise, and traveling cross country, I planned to take a week off from posting on the blog. Then I saw something that I felt every …
Playing Offense in Retirement
August 19, 2019 By
In a comment responding to my recent post about making better decisions in the face of uncertainty, a reader wrote: “Life is inherently risky. To try and compensate for every contingency is irrational. We can “what if” ourselves right into a straight jacket! You retired early … you won!” As a lifelong football fan, this …
Paying It Forward — An Early Retiree Case Study
August 12, 2019 By
In our April Best of the Web post, I shared an interview with an early retiree who was a long time reader of Can I Retire Yet?. It was the most clicked on selection that month. This showed me the desire of those figuring out their own transition to retirement to hear the real world …
Going Back to Work
July 22, 2019 By
Can I Retire Yet? It’s a profound question that many of us struggle with. After saving and planning for years or even decades, there is no easy answer. Many people stay in jobs and careers they are not passionate about and save more money than necessary, trapped by feelings of safety and security that accompany a …
Using Rental Properties to Create Retirement Income
July 8, 2019 By
A few months ago, I crossed paths with real estate investor G. Brian Davis who asked if he could write a guest post for Can I Retire Yet? Using rental real estate to create retirement income is a topic of interest for many readers, and a topic Darrow and I have little personal experience to …
Helping Aging Parents With Their Money
June 17, 2019 By
Many of us will have to care for aging parents at some point in time. For some, that will mean managing your parent’s finances as they deal with dementia or Alzheimer’s disease. For others, it may mean helping support your parents financially or physically. Some reading this are parents who want to make their wishes …
3 Reasons a Child Can Help You Retire Sooner (And 1 Big Reason Why You Shouldn’t)
June 10, 2019 By
Are raising a family and saving for early retirement compatible? Raising children costs money. There is no disputing it. A common narrative says having kids makes achieving a secure retirement difficult. And early retirement is a pipe dream for those with children. I’m going to challenge this conventional wisdom by sharing three reasons having a …
3 Bad Financial Decisions That Helped Me Retire Sooner
May 20, 2019 By
We tend to judge our decisions by outcomes. In her book Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, Annie Duke points out the faulty logic of thinking this way. We love things to fit in neat little boxes. But life is far more nuanced. Nearly all decisions have to …
Staying Strong in Retirement
April 15, 2019 By
Retirement planning exposes some cruel ironies of life. Most young people have an abundance of time and health in their school/training years, but little money to take advantage of these non-financial assets. Most of us enter our adult years with our health as we shift our focus to careers and family during our peak earning …
Reasons to Live: Finding Your Purpose after Retirement or Financial Independence
April 1, 2019 By
What, exactly, is the point of retirement? With all our focus on the mechanics of saving and investing, it’s easy to lose sight of the bigger picture. Is financial independence really your goal, or is your ultimate purpose something that lies beyond the dollars, something that wealth enables but doesn’t deliver on its own? In …
Staying Healthy and Mobile In Retirement
March 11, 2019 By
I’m passionate about helping people use their money to live a better life. I’ve written hundreds of blog posts and recently finished a book manuscript to these ends. But I have no formal training in investing or financial planning. I’m also passionate about helping people improve their health and fitness to live a better life. …
4 Things I Gave Up to Retire Early
March 4, 2019 By
Every significant accomplishment in life requires trade-offs. It’s the law of cause and effect. If you want to be an Olympic athlete, you’ll be training while others are relaxing. If you want to be a doctor, you’ll be grinding through medical school and long hours of residency while others are sleeping. If you want to …
Financial Autopilot
February 18, 2019 By
In an era of two income households struggling to make ends meet, my story sounds extreme. I retired from my career as a physical therapist at the age of 41 while my wife cut back to part-time work five years earlier at age 35. Some might think we spent a lot of time thinking about …
Building Your Work Optional Life
February 11, 2019 By
Tanja Hester and her husband, Mark Bunge, retired in December 2017 at the ripe old ages of 38 and 41. Hester, author of the award winning blog Our Next Life, is releasing a new book, “Work Optional: Retire Early the Non-Penny-Pinching Way,” to help others create their own early retirements. As a long time reader …
Does FIRE Make Life Harder?
December 10, 2018 By
I was an avid reader of financial independence, retire early (FIRE) blogs on the path to my own early retirement. They served as inspiration and education. However, I found them to be an echo chamber. Each tries to outdo the next in an effort to show you how to optimize your life. Then you can …
Are Health Care Sharing Ministries A Viable Alternative To Health Insurance For Early Retirement?
November 19, 2018 By
Like many Americans planning early retirement, our family’s biggest challenge is obtaining affordable health insurance. We’re searching for an affordable, long-term solution to bridge the gap from employer provided coverage to Medicare. My recent research shows purchasing Affordable Care Act (ACA) compliant insurance on the marketplace presents several challenges. For those who have variable income, …
Navigating ACA Tax Credits to Purchase Affordable Health Insurance
November 12, 2018 By
A massive challenge for Americans planning to retire early is determining how we’ll obtain affordable health insurance. The earlier you want to retire, the more challenging it is to determine how much you need to bridge the gap until Medicare eligibility at age 65. Health insurance costs increase faster than the rate of inflation. Medical …
Pretirement: What Is It and Why Should You Care?
October 15, 2018 By
Pretirement is a term being proposed to describe a phase of life between career and retirement. Pretirement is a process that takes place over years, even decades, versus a single decision to retire. It is characterized by cutting back on work earlier in life, but continuing some work indefinitely. Why do we need this new …
How Accurate Should Your Retirement Calculation Be?
October 1, 2018 By
You run out of money. That’s the fundamental event that most retirement calculators try to predict. If there’s a strong probability that your money will last your lifetime — congratulations — you’re financially independent! But, if not, then you need to keep working, or generate retirement income, or curtail your lifestyle. There are many possible …
A Week In The Life of a FIRE Household
September 17, 2018 By
My journey to financial independence and retiring early (FIRE) started largely because I was burnt out on my career. This led to an oversimplified solution. If my career was the source of my unhappiness, I should pursue the opposite: retirement. In the process of planning for early retirement, I realized retirement with no work and no …
Retire With Abundance
June 11, 2018 By
The following is an interview with ESI from ESI Money, a blog about achieving financial independence through earning, saving, and investing (ESI). It’s written by an early 50’s retiree who achieved financial independence, shares what’s worked for him, and details how others can implement those successes in their lives. He is also the author of …
