Early Retirement

Posts on early retirement, planning for retirement

Pencil Questionnaire | Ready for Retirement Quiz

Ready for Retirement Quizzes | 4 Reviewed

Quizzes can be a great way to gain insight and direction quickly.  I scoured the internet for a good ready for retirement quiz for Retire Certain readers. Here is what I found.   The AARP Ready for Retirement Quiz  Like most of the quizzes here, this quiz is more information based than geared toward whether you have enough money saved to retire. Nevertheless, there …

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Money Sign | Retire at 55 with 2 Million 

Can You Retire at 55 with 2 Million Nowadays? (Videos and Table)

Can you retire at 55 with 2 million?  A retirement account with 2 million produces a monthly annual withdrawal of  $80,000 using a traditional 4% withdrawal rate. If you can live on $6,667 plus any other income sources, traditional retirement rules suggest that $2 million is enough to retire at 55. Your expenses, chosen retirement …

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man over 50 looking for new ways to retire

New Ways to Retire

An exciting and promising shift is happening right now in the way we retire.  Fortunately, changes stemming from the rise of the internet now lead to rewarding retirement opportunities for those not interested in living on less while working crossword puzzles for brain stimulation in their golden years. The younger generations are living proof of …

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couple toast

Fear of Retirement Boredom | 7 Cures [Videos]

For those planning to retire soon, retirement can feel scary from both a financial and a lifestyle perspective.  Fear of retirement boredom is a very legitimate reality, especially for certain personalities. Here are 7 ways to address that subtle and almost embarrassing fear that you could be bored to tears in retirement. Read my own …

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Is Downsizing the Right Choice to Retire Earlier?

Downsizing can be a smart option for anyone who wants to retire soon but lacks the funds to retire comfortably for life. Is downsizing the right choice to retire earlier for you? The answer depends on your overall wealth plan, cost to downsize, alternatives to downsizing,  downsizing calculations and how much it takes for you …

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drive safe | Is It Safest to Withdraw or Get Investment Income

Is It Safest to Withdraw or Get Investment Income? Challenge

Updated: October 9, 2019 By definition, retirement is the time when you can live off investments. The traditional retirement model is to withdraw 4% a year from your retirement savings to live but an increasingly popular alternative is to get income from investments instead.   Is it safest to withdraw or get investment income to live in …

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how much is enough to retire

Is 1.5 Million Enough to Retire?

  Many retirees are realizing a million dollars isn’t what it used to be. Therefore, many investors are now looking to retire with more than originally planned. Is 1.5 million enough to retire? The math shows if you’re using a 3% retirement withdrawal rule, and can live on $3,750 a month plus other income sources, …

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money tree | 4% rule dividends

Does the 4% Rule Include Dividends?

If you’re exploring early retirement like we were well over a decade ago, you may be wondering about the income provided from the standard 4% retirement withdrawal rule. Does the 4% rule include dividends, specifically? Or do investors using this popular plan get to withdraw 4% annually in addition to dividend income? The 4% rule …

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How to Buy Assets That Generate Income

If you’re approaching retirement, that anticipated time when you can live off investments or at least work fewer hours own your schedule, you’re probably transitioning to income investing. You may be wondering how to buy assets that generate income. The way you buy income generating assets depends on the type of asset you’re buying. For example, …

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man planning retirement

The Best Income Stream to Start Before Retirement

If you’re concerned about having enough income to live comfortably in retirement, you may want to start one or more income streams beforehand but you’re not sure where to start. To choose the best income stream to start before retirement, consider your desired income, eventual capital gain, acceptable risk and lifestyle. It’s easy to get …

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How Many Income Streams Should You Have? [Videos]

The more income streams you have the better, right? This is not necessarily true. How many income streams should you have? It have depends on your goals, available time, types of income streams, available capital, taxes, demonstrated success, income reliability, and desired lifestyle. In this post I’ll share what I’ve learned in each of these …

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Risk Reward | Start a Business or Invest in Stocks

Start a Business or Invest in Stocks: Which Is Better?

It can be challenging to choose the best opportunity to maximize your valuable time and capital. Investing in stocks has long been considered the best strategy to build wealth. With the explosion of entrepreneurship over the past decade and the fact that most of the wealthy made their wealth from business, it makes sense to …

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