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Two surefire ways to retire sooner

“When can I retire?”  I get that question a lot.  If you’re curious about the answer, look no further than your retirement budget.  The more money you want to spend during retirement, the more you’ll need to save before you get there and the longer you’ll likely need to work.  It stands to reason then, […]

Let your paycheck be your portfolio

Have you ever daydreamed about what you’d do if you won the lottery? Maybe take that trip around the world you’ve always wanted to take.  Buy that little red sports car.  Retire early. For some reason, we’re conditioned to think that there isn’t a dream, desire or problem that a seven figure payday couldn’t solve.  […]

Will you spend less in retirement?

A common rule of thumb is that you can live in retirement on about 70 percent of your pre-retirement income.  Should you bank on that?  Will you really spend less in retirement?  Well, I’ve got good news and bad news.  The good news is, yes, you will spend less in retirement.  The bad news?  Most […]

the happiness paradox

How much is enough?

How much is enough (a.k.a. How much do I need to have saved to fund my retirement)? When it comes to retirement, that’s the question I get asked the most.  The answer is (not surprisingly) different for everyone.  Some can live like kings on $50,000 per year.  Others would have a hard time scraping by on […]

20 tips to ensure a nice nest egg in 20 years

(Note: This is Part 2 in a three part series that I did for the Omaha World Herald on retirement planning for different life stages.  I’m re-posting it here for all of you who don’t live in snowy, freezing Omaha!) Forty-five is an interesting age.  It’s like the Junior High of aging.  Too old to fit […]