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 …
Are you groovy enough to take the Spartan Challenge? I don’t mean a race or an athletic competition. I’m using the dictionary definition of Spartan as an adjective to mean ‘marked by strict self-discipline or self-denial’. Do you have a costly vice? Or some excess that isn’t worth the time and money to maintain? Maybe you …
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”
Have you thought about buying a second home? Maybe you’ve dreamed of owning a vacation retreat? Like many of you, Mr. Groovy and I have had visions of escaping to our own little wonderland. I’d like to share with you what we have learned as we pursued buying land and building a second home. Reasons …