In Step 1, I gathered all my retirement accounts and established what pool of money I will have to be able to retire and that will be my largest bucket of money to live off of for the rest of my life. Another bucket of money that may or may not exist when I retire…
Author: Rich Slick
Retirement Planning: Step 1 – How Much Money?
Step 1 in retirement planning seems easy and straight forward but it can be a little complicated, especially if you have changed jobs, industries and types of employers. The goal of step 1 is to identify ALL the buckets of money you have in retirement accounts (tax deferred), bank and brokerage accounts (taxable) and accounts…
Are All Financial Advisors Snake Oil Salespeople?
After reading The New Retirement Savings Time Bomb by Ed Slott, it lit a fire under my feet to update my retirement plan. While retirement may be 10+ years away, I figured I’d better double check my strategy and confirm some of the choices and assumptions I’ve made. To that end I have been contacting…
Book Review: The New Retirement Savings Time Bomb by Ed Slott
Get this book! It’s that simple. If there is one book you need in your financial books library it’s this one and I’ll explain why below but this book feels like an A to Z manual for understanding all types of retirement accounts, the IRS tax codes and definitions, estate taxation and planning and so…
Book Review: Look Before You LIRP by David McKnight
This is the second David McKnight book I’ve read which is somewhat of a companion book to the first, The Power of Zero which I reviewed here. I call it a companion book because where the first book explains what a LIRP is this second book explains what things to look for in a LIRP…
Book Review: The Power of Zero by David McKnight
I’m going to come right out and say it, if you’re not a high income earner you probably should just skip this book UNTIL you have a high income or you’ve build a very large nest egg and need some tax strategies to eliminate or reduce taxes in retirement. What I Liked The book is…
Retirement Ready Books I’m Reading Right Now
Do you know what IRMAA is? Neither did I until I did a search engine search to find out more after I heard about it from a chain of events that led me to it like bread crumbs leading me to the ginger bread house run by a hungry evil tax witch. An Unexpected Journey…
How To Deal With Return To Office Mandates!
It seems companies, after begging employees to come back to the office, are now threatening employees to come back to the office. A recent example is this article from Entrepreneur stating Bank of America threatens employees with disciplinary action. Ironically, a few days later, CNBC reports that return to office mandates are a boon to…
When Friends Ask You To Sell
Over the course of a 30 year career I have encountered many people. I consider most of those people acquaintances but a few became friends because we typically shared the same perspectives and had similar goals. Lately, many of my friends have been either retiring or quitting the corporate world and starting their own companies….
Economic Prosperity By State
In a recent post, I suggested that if anyone is not happy with their current personal finance situation they should consider moving to a new city, state or country. I decided to dig a little deeper into this topic and came up with some interesting facts. GPD by State The first thing I did was…