It is possible to officially be done working by age 55. You don’t have to work up into your 60’s and 70’s before you can enjoy the sweet benefits of retired living and financial freedom. The problem is that financial security after your career isn’t something that just simply happens. To make it work and really succeed, you need to have a game plan for how to retire at 55. Even though it will involve a little bit of planning, wise decision-making, and capital to invest, I think you will find it much easier to accomplish retirement than you think. … [Read more...]
When Hitting Your 401k Max May Not Be To Your Advantage
If you read my advice often, then you know that I am constantly encouraging you to save as much as possible for retirement. Why? Because I want you to be wealthy, take advantage of tax free savings, and reach financial freedom as quickly as possible. And even though I continually advocate all the benefits of hitting your 401k max, sometimes it’s just not going to be practical or feasible if you have a limited income. In fact in a few cases, there may be other things you need to consider that may work out better for you long term. … [Read more...]