Reading Time: 5 Min There are a lot of retirement calculators out there, most of them not very good. When folks ask me for a retirement calculator recommendation, I try and balance ease of use with flexibility. You want to be able to run the most customized scenarios but without having to read a
Reading Time: 4 Min As you kick your financial planning into the next gear, the key to your success is building momentum. One of the best ways to build momentum is seeing the direct results of your efforts translate into higher numbers in your bank account. Tracking just two numbers on a monthly basis
Reading Time: 4 Min We all want to look like the picture of confidence. We want to kick life’s butt and take names while doing it. The perfect spouse, the perfect home, the perfect group of equally badass friends (but you know, no one too noticeably more badass than us). When you wake up
Reading Time: 2 Min What does it take to be above average in net worth in this country? According to date from the 2013 Survey of Consumer Finances, helpfully presented by DQYDJ, the answer is “not a whole heck of a lot”. The 50 percentile ranking for those age 50-54 is $122,100
Reading Time: 1 Min The last five years has put the spotlight on the division of the one percent and the rest of the country, the 99%. That’s a very important distinction when it comes to public policy, but it makes it very hard to take stock of your own progress when it comes
Reading Time: 7 Minutes You make what you measure. If you don’t have a constant metric you can monitor, you cannot be disciplined about what you do. Having a concrete target to track helps you prioritize, build momentum, and ultimately makes the whole thing fun. That means you need to start your journey with a clear
Reading Time: 4 Minutes Standard financial advice will tell you that you should aim for 10% savings each year. And if you wanted an average outcome – stressed out about money, working till you’re 65+, and leaning your ladder on the rickety promise of social security – that would be perfectly fine advice to follow.
Reading Time: 12 Minutes What academic research suggests is a safe withdrawal rate to calculate your retirement needs and the three scenarios you should test to arrive at your target number. There are dozens of competing philosophies out there on how to calculate your required retirement nest egg. I have spent over a hundred hours