Reading Time: 1 Min I woke up at 3pm today. I would like to say that that is a very unique occurrence, but since I’ve retired it’s been a semi-frequent event. The nice thing about being retired is that it takes what is usually a bad choice with negative consequences and completely neutralizes it.
Reading Time: 2 Min We want things because they build anticipation and provide novelty in our lives. We get to dream of what life will look like with New Thing. Purchasing New Thing brings a rush of satisfaction and a hit of dopamine in our brains. But the effect is temporary, and a week,
Reading Time: 5 Min I hear a lot from people who want to know how to pull the trigger on retirement. “Isn’t it hard to leave a steady paycheck?” they ask. Heck yeah, it’s hard. When I was stewing in the decision, I went looking for advice and discovered that I was not alone in
Reading Time: 8 Min In my last few years as Medium Cog 674 at a finance firm, I was part of the top 1% of income earners in both the US and in New York City. I am retired now, and I no longer qualify for that title. Does that sadden me? Not at all!
Reading Time: 8 Min If you’ve read my last post, you understand why today’s environment is so difficult for aspiring retirees. Retirees want steady cash flow options, and that often means parking a big chunk of change in bonds. However, bonds are paying a ridiculously tiny 2-3% interest compared to the 7-10%+ interest rates
Reading Time: 4 Minutes The name of the game as a retiree is cash flow. Because you are no longer generating annual income to pay your bills, investments that provide consistent cash flow start to look more appealing than their long-term, appreciation-based counterparts. This is why a lot of advice focuses on buying
Reading Time: 2 Minutes A lot of people are curious what it’s like to be retired young. Because of that, I’m starting a new series of posts capturing memorable moments when they happen. You ever find yourself tossing and turning in bed, something plaguing your mind as you struggle to fall asleep? When
Reading Time: 2 Minutes I am reading an excellent book called Resilience by Eric Greitens. Greitens is a former Navy SEAL and navy officer and the book is a series of letters written to a friend who is struggling with life after military service. It is an excellent read which you should make time
Reading Time: 7 Minutes When I was just starting out, I read pretty voraciously about how to invest and where I should put my money. The advice is varied and often piecemeal. For a few years, I dumped my money into a Fidelity target fund. It gave me an allocation of stocks and bonds
Reading Time: 12 Minutes Building a retirement budget can feel like an overwhelming exercise. You may want to move to a lower cost of living area or a state with no income tax post retirement. You must plan for a different stage of your live that will involve different needs around medical costs and
Reading Time: 5 Minutes I live in a big city with no kids, and up until I retired my cooking abilities began and ended with pressing the ‘Start’ button on the microwave. That meant a lot of eating out. If you want to find a way to keep restauranting in the budget, here