retirement

Retirement is Not The End Goal

10.20.2014
retirement not the end goal

Preparing for retirement may take a lifetime for some people, but it is not the end goal. Many people put the idea of retirement on a pedestal, as if that is the time when their life can truly begin. But retirement is merely a step in the journey of life. It’s not the end of the journey. It’s a start of a new one. Are you or someone you know forgetting to live in the moment in pursuits of early retirement? Now, I’m not condoning some YOLO-inspired (you only live once) rampage, but I do believe that there is a […]

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Ask the Readers: How to Balance Debt and Retirement Saving?

09.22.2014

The following article is from Melanie, our staff writer. Melanie is in the beginning phase of her journey to Financial Freedom and she’ll offer a refreshing point of view for us. As Joe has mentioned, I’m at the beginning stage of my financial independence journey. The thing I love about writing for Retire By 40 is the wealth of knowledge the commentors possess. You guys are an engaged and intelligent crowd! Today, I’d like to put you in charge and ask for your advice. What would you do in my situation? Some background… As you may or may not know, I […]

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Is Roth better than Traditional IRA/401(k)?

09.17.2014
Is Roth better than Traditional IRA/401(k)?

Last week, I was researching for a Roth 401(k) article and came across a Roth IRA study from T. Rowe Price. Basically, the study concludes that the Roth account is the better choice for most investors. You’ll have more money unless your tax rate is much lower in retirement. If you’re 55, then your tax rate will have to drop by 7% for the Traditional IRA to beat than the Roth IRA. If you’re 25, the Traditional IRA basically can’t beat Roth IRA. Your age makes a difference because the younger you are, the more time your Roth account has […]

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The Most Important Tip for Retirement Saving

09.12.2014
The Most Important Tip for Retirement Saving

Last time, we had fun being indignant about people who make six-figure income and are going broke. I’m pretty sure the majority of people making that level of income are smart enough to live within their means. There are just a few rare cases that are spending way too much and can’t save for the rainy days. I’m not sympathetic at all because middle class households with more limited resources have a much more difficult challenge with their retirement saving. So I thought it’d be good to share the most important tip for retirement saving with you today. Commit to […]

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