Launching to Financial Independence & Helping Others Along The Way
Our goal as a family was to save and invest $93,100 in 2017. Looking back and tallying up all the numbers, the amount that we were able to save and invest was about $84,100.
We will fall short almost $9,000 of our goal but I’m still proud of what we were able to accomplish for the year.
[Read more…] about 2017 Year-End Saving & Investing Update- How How We Saved $84,100 This Year
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Last year, my husband and I were able to save and invest $85,300. This year, we set the goal even higher at $93,100. I must admit, it was a pretty ambitious target. But like the saying goes
Shoot for the moon, even if you miss, you’ll land among the stars”
I like setting stretch goals that are a little out of my comfort zone. They force me to level up and push harder than I ever would’ve without having them.
As the year began, I quickly realized that surpassing the previous year’s $85,300 accomplishment would be harder than I’d expected. We had some unanticipated expenses that forced us to reconsider our goals and adjust our budget. [Read more…] about Mid-Year Update on our $93,100 Savings Goal
Pre-tax company sponsored retirement plans offer various benefits and can be key to your retire early and/or retire wealthy strategy. Last year, my husband and I saved $85,300 of which $46,600 of that was in our 401k, 403b and 457 plan accounts.
Once I knew the answer to the following 8 questions, I was able to kick my early retirement strategy into high gear. Check out the questions below and use the Free Retirement Account Questionnaire to record your answers: [Read more…] about 8 Questions You Should Ask About Your 401K
Retirement in the traditional sense means the action of leaving one’s job and ceasing to work. The “standard” retirement age ranges from around 59 ½ to 66 years-old. The earliest age at which you can access money in your retirement accounts without paying a penalty is 59½-years-old (there are some legal ways around that but we’ll save that for another post). Full social security benefits start at 66 years-old, although you can begin to receive reduced social security benefits at 62 years-old.
If you’re like most people, you probably planned on working until your late 50’s to mid 60’s because that’s just how you were told it’s supposed to be done.
But it doesn’t have to be that way. [Read more…] about My Early Retirement Goals + Can You Do It Too?
According to a study done by the Social Security Administrative office, if you take 100 people and follow them through retirement:
[Read more…] about Are You On Track To Be Broke or Financially Free in Retirement?
