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An important step to take during your investing years is to measure your progress to early retirement. Here is how I go about measuring my progress to financial independence. Financial Independence Formula Net worth - the value of all your investments toward financial independence Annual Spending - the amount of annual spending you will need …
Continue reading Measuring your Progress to Financial Independence / Early Retirement
If you are contributing the maximum amount in your tax deferred accounts (401k, 403b, IRA) and you have money still available to invest, what should you do? Should you use the funds to start paying off your mortgage early or invest the fund in your taxable accounts towards retirement? This decision is based on the …
Continue reading Pay Off Mortgage Early or Invest in Retirement
You already know that you need to save and invest a large amount of money to retire early. Where should you invest your money and what type of account is best for each type of investment. Here is how I split up my portfolio among various asset classes and accounts. Allocation to Stocks Most people know …
When I tell people that I plan to retire by age 50, they ask me how this will be possible. First you must understand what my definition of retirement is. Early Retirement is: having the financial resources so that I don't have to ever work again The key is "that I don't have to" and …
Continue reading Early Retirement: How to retire early at age 50
