I detest politics. I’m at the point now where I find it impossible to even look at a politician, regardless of party. So why does this blog occasionally veer into an area of life I find so objectionable? Because failure to do so would be a dereliction of duty. Let me explain. Achieving financial independence …
A large number of Americans on the cusp of retirement, those aged 55 to 64, are in trouble. According to a recent Bloomberg editorial, the median household retirement savings for people in this age group is a meager $14,500. Fourteen thousand, five hundred dollars is a scary number. It effectively means that half the households …
Continue reading “Can Tiny Houses Solve the Retirement Crisis?”
In Part 1 of my Government Sucks series, I pointed out that my former employer, the Town of Oyster Bay (aka the Town), doesn’t do right by its customers (i.e., the taxpayers). The Town, to put it bluntly, stinks. It provides crummy service and charges a fortune for it. So how does the Town get …
To achieve financial independence (FI), you have to save at least 25 times your annual living expenses.* For example, if it costs $25,000 a year to feed, clothe, shelter, educate, doctor, and entertain yourself, you’ll need to save $625,000. Once you’ve hit this savings multiple, you can live off the dividends and capital gains that …
Continue reading “How to Start Working Out Your Saving Muscles”
This is Part 1 of my Government Sucks series. To begin this series, I want to give you an insider’s view of the municipality that employed me for over twenty-one years, the Town of Oyster Bay. The Town of Oyster Bay (aka the Town) is located in Nassau County on Long Island, and the services …