Retirement

Live Like You Were Dying

So many of us have imagined what we would do with our lives if we had just one year to live. Most of these fantasies involve quitting a job, spending time with loved ones, and traveling around the world. What’s keeping you from doing this right now? Debt? Responsibilities? Don’t know? Don’t worry, you’re not …

Figuring Out What Money Really Is

My wife and I used to sit around and wonder what we would do if ten million dollars fell on our lap. I used to imagine buying fancy cars and an amazing house and more electronic gadgets than I can even imagine. They were great dreams, the fantasies of a twentysomething yuppie couple wanting to …

Categories: Psychology, Retirement

#10: The Nest Egg

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Build a Large Retirement Nest Egg Rule #10: Aim to build a retirement nest …

Investment Management: The Automatic Thousandaire

Recently, I mentioned that I strongly value an emergency fund and that I had reached my short-term goal of a two month emergency fund, currently held in a high-interest savings account. Since I reached this goal, I’ve continued to automatically drop the same large amount each week into that account. “That’s great,” you might think, …

Categories: Investing, Retirement

Facing My Financial Fears: Roth IRAs

This week, The Simple Dollar is doing a five part series on financial topics that scare me just a bit. Researching and then writing about them will (hopefully) alleviate some of that fearĀ  Other fears include buying a car. Even when I was at the worst of my overspending habits, I always contributed enough to …

Categories: Retirement

Walt

I live next door to an old man named Walt. He lives by himself and is pretty quiet. He spends most afternoons riding around on his bicycle or playing his dobro (a variation on a guitar). Every few days, I stop in and talk to Walt because he’s lonely and can be a good conversationalist. …

Categories: Frugality, Retirement