Later this year, at the age of 32, I plan to quit my full-time job as a software developer and don't intend to look for another one. By then, I expect my portfolio will be large enough to fund my essential expenses for at least the next 30 years, if not indefinitely, so that getting another 9-to-5 job becomes an option rather than a necessity.
If there is one thing we know, no matter the country we expats live in, we will never be 'locals.' We can get legal residence status and even become full-fledged second-passport carrying citizens of any of these countries if we so choose... but we will never ever be Mexican or Ecuadorian or Nicaraguan or Costa Rican or Panamanian...
The moment we're faced with deciding whether to take a lump sum often happens at the moment of retirement, which also means it's the moment our paycheck is turning off. Similar to a light switch turning off.
You made it. You are retired. Your new job will be doing whatever you want! Sounds good, right? Retirement can be a wonderful time. It's a Life Even...
Whether you plan on spending your golden years sprawled out on a beach chair, pursuing a passion, or spending all your time with those who are closest to you, you'll need to be financially prepared. Part of having a robust game plan is being aware of the various expenses -- such as large medical bills -- that could damage your retirement.
It's tempting to fixate on the dollar amount of your paycheck. But the fact is: What matters far more is what you do with those dollars -- and what you allow those dollars to do for you over time. True financial freedom doesn't happen until you've put your money to work for you.
On July 24, 2014, I posted Part 1 of this five part series, an online tutorial on the value of Emotional Intelligence (EQ). I propose Boomers can be ...
Uruguay is not a medical-tourism destination or a place where people come for the health care alone. However, if you fall in love with Uruguay, as I did, and decide you want to live here, the chances are good you will be able to get quality health care at an affordable price.
No matter how well you're managing your money now, you need to also be thinking about retirement. (Yes, even if you're only 25 or 30.) The good news is it's never too early to start planning for your retirement. It's also never too late, if you've been slacking up to this point.
While being an older parent has it perks -- like being more settled in your career and life, in general -- it also poses unique challenges, especially when it comes to money.
Use the college process as an opportunity to teach financial lessons to your children by getting them involved in the decision-making process around savings and budgeting. By saving early and planning ahead, you and your family will be in a stronger position to tackle all of life's expenses from college to retirement.
As the U.S. economy tries to right itself after a rocky six years, it isn't surprising that many young people haven't given much thought to retirement.
At the moment of retirement, our paycheck stops like a light switching off. (Click!) For many, Social Security checks are significantly lighter than a regular paycheck, and yet, most of us still do next to nothing to adjust to this new reality.
For some of the more obsessive-compulsive among us, it has also become a point of honor to be able to pack for weeks or even months on the road in a matter of minutes...
Today we're taking a look at gay-friendly retirement locations. It turns out that it's a myth that most gay people live in a handful of well-known urban neighborhoods like the Castro in San Francisco or Chelsea in New York City. You can go back to the 2000 Census and learn that same-sex couples live in 99 percent of U.S. counties.
Thinking about retirement can be overwhelming. The idea of planning for something that won't happen for years, might last 30 years, and could cost millions is enough to make you leave it all to chance. But that's the worst possible retirement plan. Would you be willing to substitute something much simpler?