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Best of Early Retirement

My Philosophy on Financial Independence

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 Later this week, I’ll fly down to San Diego to attend FinCon 2016, the world’s largest convention dedicated to financial content. I’ll be on the FIRE movement panel Thursday morning and I have a little homework to do. I have been asked to share my personal philosophy on Financial Independence. That’s actually kind of difficult […] Read More

25x Expenses Isn’t Enough for Early Retirement

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How much money do you really need to retire early? I’m sure every reader here has   asked that question at some point. The rule of thumb from the early retirement community is to accumulate 25x your annual expenses. This benchmark is derived from the 4% withdrawal rate. So if you have 25x your annual expenses, […] Read More

Will Early Retirement Make You Lazy?

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How do you motivate yourself from being lazy in retirement? That’s one of the questions I got last week from a reader who is pondering early retirement. It is a valid question. Laziness is one of the seven deadly sins after all. Nobody wants the lazy label. We were all taught to avoid laziness when […] Read More

{ 65 comments } A Little Active Income Goes a Long Way in Early Retirement

I have been retired for over 4 years and I love it. My low key lifestyle suits me perfectly. I don’t have to deal with a boss, coworkers, endless meetings, or rush hour traffic anymore. Life has been great and I don’t regret leaving my engineering career one bit. I haven’t quit working completely, though. […] Read More

Don’t Forget Inflation in Your Retirement Plan

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Last week, I was out and about running some errands and I stopped by a Chinese restaurant near our home to grab a take-out lunch. This place used to have the best lunch special in town because the food was good and they charged just $5.50. I guess I haven’t been there in a while […] Read More

Don’t Wait Until Retirement to Be Happy

{ 65 comments } Don’t Wait Until Retirement to be Happy

Last time, Adam and Jane gave us an update on their early retirement situation. Both of them have been ready to quit their job for a long time and they are just hanging on to shore up their personal savings. They were planning to work until they are 55 so their pensions will be fully […] Read More

4 Years After Early Retirement Update

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It’s been 4 years since I quit my engineering career and I have settled into early retirement quite nicely. I feel really good about my life. We are doing well financially. Our marriage is great and we just celebrated our 17th anniversary last week. RB40Jr is a happy and healthy kid. The blog, Retire by […] Read More

Do We Have a Retirement Saving Crisis?

{ 104 comments } Do we have a retirement saving crisis?

Do we have a retirement saving crisis? The retirement financial guys certainly think so. The National Institute on Retirement Security's ongoing research* shows that we are in bad shape collectively. There hasn't been much improvement even after a long period of economic stability. Retirement saving is still dangerously low especially for almost everyone. 90% of the households […] Read More

What Was Your Financial Epiphany?

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Last week, Tawcan shared his 7 phases of retirement with us. His first phase, the financial epiphany, struck a chord with me. It is so easy to get caught up in the rhythm of everyday’s life. We get up, go to work, come home, enjoy the weekend, and start it all over again. Most people […] Read More

How Early Retirement Impacts Social Security Benefits

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I originally wrote this post in 2012 to figure out how early retirement impacts Social Security benefits. It’s been 4 years so I thought I’d check my Social Security statement and update the post with some current numbers. Also, it was National Social Security week earlier this month, April 4-13th. The Social Security office wants […] Read More