Retirement Planning

Is saving half your income hard? Saving 10% is even worse

Is saving half your income hard? Saving 10% is even worse

I frequently share my story on general personal finance platforms as an example of what is possible. My wife and I achieved financial independence (defined as having accumulated greater than 25 times our annual spending in invested assets) decades earlier than most people. We accomplished this primarily by saving roughly half of our household income …

Is saving half your income hard? Saving 10% is even worse Read More »

I want to retire to the San Diego coast. My son wants to invest in real estate. Should I rent a home from him, and rent our $2.5M San Francisco pad to our son?

I want to retire to the San Diego coast. My son wants to invest in real estate. Should I rent a home from him, and rent our $2.5M San Francisco pad to our son?

My husband and I are both retired. My husband is collecting Social Security at 64 years of age, while I’m waiting to collect mine at 70 years (which will be in another four years). We are fortunate to have owned a house since 1999 in one of the hottest markets in the San Francisco Bay Area. It would …

I want to retire to the San Diego coast. My son wants to invest in real estate. Should I rent a home from him, and rent our $2.5M San Francisco pad to our son? Read More »

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

My brother-in-law is executor of my late father’s $9 million estate and refuses to give us a full accounting. What can we do?

Dear Quentin, My dad died last year. My sister has power of attorney, and is now the executor of my father’s estate. My sister’s husband has taken on the role of managing my parents’ estate, which is worth $9 million. Last year, the estate made about $300,000, which is very low.  My sister and brother-in-law …

My brother-in-law is executor of my late father’s $9 million estate and refuses to give us a full accounting. What can we do? Read More »

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

‘I think they did it on purpose’: My dad and stepmother caught COVID-19 from her family — now he’s dead, and she’s in assisted living with her assets under their control

My father married a wonderful lady about three years ago; both were widowed and in their 70s and 80s. The woman was well off — not rich, but having several rental properties, investments and cash on hand. My father was comfortable and had no financial concerns, and was able to afford vacations and other things …

‘I think they did it on purpose’: My dad and stepmother caught COVID-19 from her family — now he’s dead, and she’s in assisted living with her assets under their control Read More »

Latest News - MarketWatch

Latest News – MarketWatch

What’s Ahead for Well-Being In the latest issue, The Future of Everything explores what’s ahead for well-being, from the next ‘it’ diet to the inventions in the works to improve old age. Jan. 8, 2022 at 10:46 a.m. ET by WSJ Staff Source link

I'm 26, make $300K a year and have saved over $275K. Should I buy an apartment --- or just keep renting?

I’m 26, make $300K a year and have saved over $275K. Should I buy an apartment — or just keep renting?

I’m a single 26-year-old who’s been renting in downtown Atlanta for almost 5 years and want to buy my first home. My lease only allows me to enter the market once a year. If I find a deal, should I break my lease, or wait and see what’s available? What should I be focusing on to determine what …

I’m 26, make $300K a year and have saved over $275K. Should I buy an apartment — or just keep renting? Read More »

We are in our late 50s and have retired with less than $1 million: ‘Did I jump the gun?’

We are in our late 50s and have retired with less than $1 million: ‘Did I jump the gun?’

I have $540,000 saved, and my wife has $250,000 in retirement funds. We also have $60,000 in the bank. We decided to retire early (I’m 58, and she is 57). The only debt we have is my truck, which is $450 a month, and insurance, which is $1,300 a month. Our budget so far has …

We are in our late 50s and have retired with less than $1 million: ‘Did I jump the gun?’ Read More »