social security | Something On My Mind

the personal finance blog

#60 - Listener Feedback: You Can't Retire on $1 Million Dollars and Have a 45-year Nest Egg

How much money do you need to to retire early and comfortably for a long period of time?

#59 - Why the FIRE Movement Should Be Called FISH: Financial Independence Side Hustle

Change Financial Independence Retire Early to Financial Independence Side Hustle (FISH). Most people cannot retire without having a job.

#49 - I am Leaving My Job. Do I Need to Have an Employer-sponsored plan with my New Employer?

Social Security’s goal is to provide 40% replacement income and the individual’s goal is to reach 80% replacement income in retirement.

#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.

#45 - The 401(k) and the Roth 401(k) Review

The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.