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Month: May 2020

How Much do I Need to be Able to Retire?

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We have talked about many retirement planning issues. It is time to determine how much money do you need in order to be able to retire. Many factors influence the retirement decision; however, we have assembled a table that will highlight some parameters and provide some guidance. Assumptions: Annual Income $70,000 Inflation 3.5% Earnings Rate […]

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RSS Personal Finance News

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    Thursday’s top personal finance stories
  • The Moneyist: I lost my job at 55 and started my own successful business. I now constantly get texts from friends and former coworkers asking how I did it. What do I do?
    ‘I liken these friends and former colleagues to the kids at school who march right to the head of the lunch line to get their food, without waiting in line like the rest of us.’
  • The Moneyist: ‘What the hell!’ I’m 28, have no debt, a 401(k), Roth IRA and $45K in cash. Should I save for a house or buy a Tesla Model 3?
    ‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds.’
  • The Moneyist: ‘Warren Buffett and Harry Potter couldn’t get those two retired early’: When financial advisers can’t make their clients see the light
    ‘We put our spendthrift neighbors in touch with our financial adviser. They called her lousy. So how come WE are the ones who retired early?’

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