Funding the Adventurous Life
Frugality is an endearing element of saving money and living the good life. But interestingly, the recent discourse in personal finance circles has seemingly shifted to embrace spending over saving. What is going on, how did this happen, and why should we care?
Continue reading “What Happened to Frugality?”
The 4% rule suggests that a retiree who withdraws no more than 4% of their portfolio each year could have provided for a 30-year retirement window during most historical retirement windows. And that is true! The problem is that the FIRE community, however, perpetuates at least two misconceptions when discussing the 4% rule. Today, we address those common misconceptions about utilizing investment income. And, most importantly, we discuss how to use a flexible withdrawal strategy to weather bear markets and/or reduced future returns.
Continue reading “Can The 4% Rule Actually Work For Early Retirement?”
We often use spending in an attempt to gain admiration and respect from our peers. Here’s why it doesn’t work and what we can do instead.
Continue reading “A Quick Note for Those Struggling with Spending”
This week on episode 26, we revisit the Roth conversion ladder, a method used to spend retirement money early without penalty and with little to no tax burden.
Continue reading “EP 26: How to Spend Retirement Money Early”
We used to worry about every dollar spent. But then we learned to stop fretting and live well through value spending, putting our efforts where it matters most.
Here’s how we made major and repeatable changes to our spending habits without materially changing our enjoyment of life.
Continue reading “Value Spending: How to Really Save Money”