Everyone loves rules of thumb. So here are some easy rules of thumb for calculating how much you need to retire.
They take and take and take … and take. Will it ever end? The statistics say it’s getting worse, and parents are supporting kids later into adulthood.
That’s terrible for your retirement, don’t do it, here’s what to do instead.
Even I was surprised by some of these numbers. Find out how poorly we’re saving for retirement. What a downer.
We mostly assume that early retirement is a universally good thing. 100%
But what are some of the unexpected drawbacks of leaving the workforce early?
Have you been hearing a lot about the “F.I.R.E.” movement? Let’s talk about some steps to help you get to Financial Independence and Retire Early.
Recent tax reform made many changes, mostly in the form of capping or limiting deductions. BUT, the trade-off is the standard deduction nearly doubled
Smart people know what they don’t know. So you don’t want to be a know-it-all.Smarter people surround themselves with people who are smarter than them. If you’re the smartest person in the room, you’re in the wrong room.The smartest people know the right people to surround themselves with.
Are thinking about how much you should be saving for college? How much do you need? How much per year?Rather than answer directly with calculators or rules of thumb, let’s talk about your thinking.Are you planning for how things use to be, or planning for how things are going to be?
(1) Assume it’s income. If any doubt, assume it’s income. Examples: Lottery, gambling, contest prizes; (2) Don’t miss any 1099s. IRS tracks these automatically. Follow up to get them all; (3) Don’t ignore the IRS…
Robin’s was survived by his third spouse (Susan) and 3 adult kids from prior marriages. Robin planned well, because he knew the cost of legal battles. His divorces cost him ~$20 million…
My Books on Amazon
SIGN UP FOR BOOK GIVEAWAYS AND ANNOUNCEMENTS
Anthony S Park PLLC
33 W 60th Street 2nd Floor
New York, NY 10023
212-401-2990 | firstname.lastname@example.org
Prior results do not guarantee a similar outcome