The Principles of FIRE and Figuring out ‘Your Number’

FIRE is an acronym for “Financial Independence/Retire Early“. These two concepts, while closely related, can mean two different things to two different people. They’re milestones to strive for, and for some are the driving force behind the decision to save or earn more money. Financial Independence Being financially independent is a pretty easy concept to […]

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Should You Have a Roth IRA?

IRA’s, or Individual Retirement Accounts, are good avenues to invest your money for the long-haul, and come with a number of advantages. They’re similar to employer-sponsored 401(k)’s in a way, but are totally decoupled from an employer; hence the I in IRA. Just like a 401(k), the money you put into these retirement accounts is what […]

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What’s Early Retirement, anyway?

I hear people talking frequently about early retirement and it got me thinking – just what is early retirement? “Real” Retirement Well, let’s start with something not so ambiguous: what the government considers retirement. If we’re taking a look at Social Security, the minimum age you’re eligible for collecting is 62 – albeit with some penalties – with the […]

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