Is there a certain retirement age in the USA? The short answer is no -- but most people retire in their 60s. Learn how to decide your own retirement age.

Identifying your personal core values is critical What value does identifying your personal core values offer? Let me start by asking a different question — do any of the below thoughts sound familiar to you? I just can’t make myself feel motivated to save for retirement. How do prioritize my hobbies, time with my family, and my career? They’re all important to me. I’m overcommitted with too many social and volunteering obligations. But I don’t know what I can say “no” to because ...

I talk a lot about the feasibility of semi-retirement, so let’s get into some specific examples. Let’s say your goal is to retire at 55 — still much younger than the average American retirement rate. How much is enough? To start, what would life look like if you retired from full-time work at 55 with $300,000? We’ll look at some similar hypothetical questions too, to adjust small variables and see how that changes the outcome.

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Navigate an early career job change with this step-by-step guide. The idea behind both semi-retirement and FIRE is to save diligently in the beginning of your career so that you can have more freedom later. This is what I call Step 1 in the Semi-Retire Plan. As a result, it can feel like you have to “grind” at your unpleasant job with no reprieve. Well-meaning family members or mentors might tell you that an early career job change can push you off track for the remaining portion of your wor...

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Financial Independence (FI) Hierarchy Pyramid

Everything you need to know about mini retirements!

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The recent popularity of a hit Netflix series, Tidying Up with Marie Kondo, has been a sobering reminder for me: I’m not good at cleaning out! I know that I have no practical use for my college fraternity shirts, for example, but they’re hard to let go of. Maybe I’ll be in dire need of a t-shirt blanket sometime in the future? I’m inclined to keep them, “just in case.”

A “side hustle” part-time job can be a great way to make some extra money while you’re saving for semi-retirement. My friend Robin at Side Jam Biz is an expert on this very topic, so I’m excited to share her insights with you today. You can also check out my list of semi-retirement passion projects for some more options while you’re in the ideation stage!

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Have you heard us personal finance bloggers mention a guy named Dave Ramsey? If so, your mental image is probably of a bald man cutting up credit cards and shouting about a snowball system, baby steps, and the Financial Peace University program. While we would all agree that it’s preferable to not be in debt, the specifics are controversial, including the debt snowball payoff method.

Getting your savings rate to your goal, or increasing it even further, can feel daunting. If you are just getting by on your take home pay now, there’s no way you could afford to save more… right? Well, if you’re saving through paycheck withholding into a pre-tax/tax deductible account (like a traditional IRA, 403b, 457, and most 401(k) plans), the extra savings might not hit your budget as hard as you would expect.

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