This is a guest post from The Frugal Vagabond, a personal finance blogger and software engineer living in the San Francisco Bay Area of California. He writes about personal finance, travel hacking, and early retirement, and is always looking for new and creative ways to live a life of his own design. He can be… Read more
Viewing posts tagged with: retirement
5 Ways Home Ownership Can Help You in Retirement
Among Millennials, home ownership has declined to historic lows, and with good reason: crippling debt, a high cost of living, and skepticism about the American dream all conspire to reduce young people’s commitment to home ownership. Their parents might even begin to wonder if Millennials are onto something, but home ownership remains a savvy… Read more
Are we underestimating the cost of retirement?
Research from 247Moneybox.com shows that Brits aren’t too worried about retirement, and many underestimate both the costs of residential care, and how much they should have in their pension pot in order to live well in retirement. Respondents underestimated the pension pot size required to generate £17,000 a year income by £108,000 46% of… Read more
Deciding Where to Live if You Can Live Anywhere
For whatever reason, you can live anywhere. Congratulations! That’s huge! Most people are confined to one place for their entire lives. But not you. You can go anywhere. Or you can stay a kilometer from the hospital where you were born. It’s up to you to decide. No one is holding you down. … Read more
5 Things You Shouldn’t Miss in Your Retirement Planning Checklist
According to Statista, in 2015, 41% of UK residents had a retirement plan but they hadn’t it written down. Let’s face it, most of us seldom think about our retirement plan – and even less about writing an actual checklist for our plan. Nevertheless, those people who do write one will be able to… Read more
Retirement Pitfalls & How To Avoid Them
Everyone knows that, however much we plan for the future, things will inevitably occur that upset our carefully worked out strategies. The trick here is not to fall into the trap of thinking that there’s no point planning! However close or far away to retirement you are, there are pitfalls to avoid and positive… Read more
What are you doing for your retirement?
Do you remember your first job, and when you had to decide whether you wanted to contribute to your company’s pension plan or not? I certainly do, and what I remember is that it was pretty confusing. The company offered a match up to a certain percentage of my income, but they were very vague… Read more
Why my one piece of advice on getting started with investing is meetinvest
A couple of weeks back, I stumbled upon an article on The Telegraph that featured a fintech start-up that helps ordinary people ‘invest like Warren Buffett’ called meetinvest. Being the curious cat that I am (and how it could potentially benefit all of you, my dear readers), I’ve signed up on the platform and would… Read more
Funding retirement debate on new pension rules
In case you haven’t heard, the pension reform will roll in from April 2015, and change quite a bit about the way you can fund and use your pension. On April 2015, people over 55 will be able to access their pensions freely as long as they pay income tax, instead of receiving an annuity…. Read more
When spending less is more important than earning more
I have always said that when it comes to choosing between earning more or spending less, I am on the earn more side for a variety of reasons, which boil down to two points: You can always make more. If you have two arms and a sane mind, there are no excuses. You can make… Read more
Paying off your mortgage early is easier than you think
Five years, ago, I took out my very first mortgage and bought a three bed flat over the next thirty years. Interest rates were low, so I opted for an index tracker that hasn’t moved since. One of my favourite features about that mortgage is the ability to make small repayments whenever you feel like… Read more
Easiest Way Ever To Know How Much Money You Need For Retirement
Hello everyone, I have a guest post today, Jon writes at Money Smart Guides, a personal finance blog dedicated to helping readers get out of debt and start investing for their future. He has written a book, Seven Steps To Early Retirement, which breaks down early retirement into basic steps so that you can successfully… Read more