If you’ve been contributing to your retirement accounts diligently but are thinking about accessing your funds early, you may have encountered the terms 72(t) and SEPP. These concepts can provide a way to tap into your retirement savings without facing the usual penalties. Here’s what you need to know. What Are 72(t) and SEPP? 72(t) … Read more
Do you ever wish you weren’t stuck in your job? Do you dream of a life where you can work when you want as much (or as little) as you want? If so, FIRE may be right for you. But which type? There are many different kinds of FIRE. What is FIRE? FIRE, sometimes also … Read more
Is retirement bad for your health? What do people do after they retire? Do people get lonely? What are some things that can make retirement better? These are some of the things I’ve been asking myself as I reflect on my goal of early retirement / financial independence. Thinking about retirement makes me think about my … Read more
Lately, I’ve been getting a lot of personal finance questions from 20-somethings, so I decided to come up with a list of 10 personal finance tips. Here they are: 1. Get out of debt and stay out. If you’re in your 20s, chances are you have at least one of these forms of debt: car payments, student … Read more
I made a small adjustment to my paycheck today and decided to max out my TSP (Thrift Savings Plan, basically the 401(k) for federal employees). The contribution limit is $18,000 in 2016 for those 49 and under. Those 50 and older can put away an additional $6,000. I get paid biweekly (26 times a year), … Read more