Posts Tagged ‘Retirement’
Net Worth Review
January was a bad month for the stock market despite two rate cuts by the Fed. The S&P 500 index dropped -6.12% from 1468.36 to 1378.55. According to NetworthIQ, my net worth went down -1.66% and net investable assets went down -7.35%, or from 23.93% to 22.18% of $1 million goal [...]
This article is part of the Money Matters for All Ages group writing project being conducted by the M-Network and other blogging friends. See the bottom of this article for the full list of participants and links to their articles. Please check back daily, as I will update the links as new articles are posted! [...]
Before I begin, I’d like to say that this is a special edition of the net worth review, because following my review, I will be sharing what my friends are all saying about their net worth or the subject of net worth.
Net Worth Review
December was another weak month for the stock market, and the S&P [...]
In Using Simple Rules to Predict your Retirement Needs, I passively mentioned using 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it:
“You need 80% of your pre-retirement income during your retirement.”
A Bit of Reality
Now, that statement is just a rule of thumb and is [...]
In prior posts, I shared some financial math tricks and demonstrated a quick way to calculate your retirement needs. Now I am going to put the two together and use these rules, along with some historical inflation data, to give you a quick estimate of annual income needed for a comfy retirement.
Historical inflation data [...]
I think many of us heard about income streams, active income, passive income, and portfolio income before (if not, I have brief description of each below). I’d like to share some quick observations about active versus passive income as it relates to financial independence and wealth.
The image above is a simplification that shows active [...]
In “7 Costly Retirement Savings Mistakes to Avoid,” I had mentioned that waiting too long is the number one mistake. I am afraid I didn’t demonstrate it well, so here is a different look at the concept.
Assume that in each scenario, the investment grows at 10% per year*.
* Based on historical data, investment gain [...]
November was a very volatile month for the stock market with pressure from the oil price, sub prime mortgages, and foreclosure problems. The negativity was further fueled by bad news from companies like Citigroup and E*Trade. As a result, the S&P 500 index dropped -4.40% from 1,549.38 to 1,481.14.
According to NetworthIQ, my net [...]
Recently I spoke to a friend about his retirement savings, and we ended up looking at his 401k portfolio. Although he isn’t able to contribute the maximum amount each year, he contributes enough to take full advantage of the company match. However, when I looked at his investment asset allocation, I was horrified. [...]
Welcome to the 33rd Edition of the Carnival of Money Stories; a carnival that shares stories about personal experiences or the experiences of others on saving, investing, finance, money management, money generating, business ventures, success and tales of struggle. There were many great submissions from PF Bloggers around the world, so let’s begin
Photo by Pinyo
Editor’s [...]
