Category: Investing
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What is the 4% rule?
If you’ve been reading about F.I.R.E. for a while, you’ve probably heard about the 4% rule. But what is it exactly? Simply put, it states: You can safely withdraw 4% of your portfolio every year for infinite years. It’s essential to have a retirement calculation that works for infinite years because otherwise, financial advice would be highly dependent on:…
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What to do with extra money if you’re lucky enough to have any
Looking to learn what to do with extra money? Oh, what a problem to have! I realize most people are just trying to make ends meet. Nearly 80% of Americans are living paycheck to paycheck. For most of my life, I was one of these people. Then something strange happened. I caught a really lucky…