I quit my job in June 2017. I walked out with no future job prospects whatsoever, and headed to South America to enjoy a midlife crisis. It’s been more than half a year now since I walked out that door,
Now that we have a final version of the 2017 GOP tax bill, it’s time to talk for reals about the impacts on FIRE (financial independence and early retirement). After the final tweaks to the bill were done in the House-Senate reconciliation process,
I’m rich, boi! Damn rich! In fact, I’m so rich that my income puts me in the top one percent of the entire world – and I only worked half the year! I guess that means I’m a global one-percenter.
Uruguay is often on those top 10 lists of places to retire abroad, and for good reason. Unlike many countries in Latin America, Uruguay welcomes American retirees with a big giant bear hug, like the one you might get from your aunt on Christmas Day.
Saving one million dollars. It’s the financial goal of many early retirement dreamers. Since the FIRE movement lit up the blogosphere in the last decade, we’ve been showered with stories of average folks saving $1M or more. It’s not that hard.
Happy Monday, folks! Last week, the Senate released it’s version of tax reform. If you want to read about all the differences from the previously released House tax plan, you can go here. There are a couple of items in the Senate tax plan that I want to highlight,
It’s finally open season on the U.S. health insurance exchanges. I’ve been looking forward to it for months! Most people think of U.S. health insurance as horribly expensive, unwieldy, and unjustifiably bureaucratic. And it is! But, there are some tremendous tax advantages built into the system that most folks aren’t even aware of,
House Republicans released their new tax proposal a few days ago, with the intention of getting a bill passed before the end of the year. Changes will still inevitably occur before any bill becomes finalized into law, but we can look at the impact of the current proposal on retirement in general,
The whole point of a bucket list is to promise yourself that you will do things you’ve always dreamed of doing, before it’s too late. People reason that if you just make a list and a promise, you can continue putting off pleasure.
Grumpy people are ill-tempered, opinionated, stubborn, probably surly, and highly uncompromising. We think of the stereotypical grumpy old man (or woman) – a curmudgeon. But a curmudgeon is also a maverick – nonconformist, individualistic, and unorthodox. And therein lies the greatness.
Retirement is a game of probabilities – especially early retirement. One of the key risks you face in early retirement is the possibility that your portfolio will run dry. We can plan. We run scenarios, and we try to minimize the risk of failure.
Any time major tax changes are put on the table, I get that feeling like a kid on Christmas Day: giddy, excited, even a little wondrous. What will I find when I unwrap the package? What possible new tax strategies will arise?