The Biggest Downside To Daycare And Preschool Is Not The Cost

Are you considered rich if you can afford childcare? After all, childcare for one child can cost between $1,500 – $2,500 a month, depending on where you live. Or are you considered poor if you have to pay for childcare because you cannot afford to stay at home and take care of your own kids? Read More… The post The Biggest Downside To Daycare And Preschool Is Not The Cost appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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Life Goes By Quick: Money Thoughts From A Boomer Retiree With Cancer

The following is a guest post from David, a Financial Samurai reader and ex-government bond strategist in his 60s. We had a fantastic exchange over e-mail and I invited David to share his wisdom about money. After all, the best way to learn is to learn from someone who has been there before. Take it Read More… The post Life Goes By Quick: Money Thoughts From A Boomer Retiree With Cancer appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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What To Do If Your Real Estate Offer Is Rejected And You Still Want To Buy

There are many times when even after you submit what you think is a great real estate offer, it still ends up getting rejected. This has happened to me more times than I can count because I’ve been incorporating my “spray n’ pray” methodology since 2015. With the creation of Docusign, once your realtor has Read More… The post What To Do If Your Real Estate Offer Is Rejected And You Still Want To Buy appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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Determining How Much To Contribute To A 529 Plan: Too Much No Good!

Because of the SECURE Act, the 529 plan has received a functionality boost in 2020 and beyond. A 529 plan can now be used for: All college tuition and qualified expenses $10,000 a year for K-12 tuition and qualified expenses Apprenticeship programs and qualified expenses $10,000 to pay down a qualified education loan repayment for each of Read More… The post Determining How Much To Contribute To A 529 Plan: Too Much No Good! appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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How To Write A Real Estate Breakup Letter To Get A Better Deal

Nobody likes to break up. But sometimes you need to break up to get what you really want. In a previous post, I explained how to write a real estate love letter to get the best deal possible. The goal of the real estate love letter is to make a connection with the seller. Once Read More… The post How To Write A Real Estate Breakup Letter To Get A Better Deal appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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All The Mortgage Refinance Fees In A No-Cost Refinance

With a potential war with Iran emerging, refinancing now may be a smart move. Investors may flee to the safety of bonds and mortgage rates will subsequently decline once more. If you missed the large refinance window in 2H2019, it’s coming back again! In this article, I’ll share with you all the mortgage refinance fees Read More… The post All The Mortgage Refinance Fees In A No-Cost Refinance appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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An Early Retirement Master Plan: FIRE By 45

Although, after eight years, I failed to stay retired, my plan is to return to early retirement glory with two kids by September 1, 2022. From now until September 1, 2022, our plan is to accumulate either $1,500,000 in new capital or figure out a way to consistently generate $5,000 a month in additional gross Read More… The post An Early Retirement Master Plan: FIRE By 45 appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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Why I Failed At Early Retirement: A Love Story

Happy 2020! May this new decade be better than the last. One of the things I enjoy about the Financial Samurai community is that you guys keep it real. After announcing that I plan to be more entrepreneurial and less focused on retirement, you guys gave an outpouring of support and encouragement. This means a Read More… The post Why I Failed At Early Retirement: A Love Story appeared first on Financial Samurai. Powered by WPeMatico Please follow and like us:

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How The SECURE Act Changes Your Retirement Planning

The Setting Every Community Up For Retirement (SECURE) Act recently passed and it will go into effect for all Americans in 2020. The goal of the SECURE Act is to make it easier for Americans to save for retirement and live comfortably in retirement. Based on the data, we know that the median and average American is severely lacking in retirement funds. At the same time, we also know that the average American is truly living the good life by spending $61,224 a year of their $78,635 income. When you’ve got Social Security, a belief that the government will save[…]

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Financial Samurai 2019 Year In Review: One Of The Best

At last! The last post of the year is here. I’ve decided to take one post day off next week before the new year grind begins. My theme for 2019 was: live the good life.  After a raging bull market since 2009, I’ve started to get more comfortable spending more on a better life rather than always trying to save and invest as much as possible. 2018 was a bad year for the stock market. At one point in 4Q2018, I was probably down ~$500,000, even with my relatively conservative public investment portfolio. However, we recovered tremendously in 2019. With[…]

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