How to Save Your Next Dollar

Savings steps, savings hierarchy

When I finally made the decision to put an emphasis on saving my money instead of spending it, I realized I had no real idea how to get started.  I know I was getting the full 3.5% company match (on 6% contribution) in my 401k thanks to auto-enrollment.  My dad started a Roth IRA for me some 12 years earlier, … Read More

Why $1,000,000 by 2030?

The $1,000,000 Goal

We Did The Math

It turns out that there is a pretty nice “break-even” point.  I calculated that if we reach the $1,000,000 goal in the year 2030, we could never contribute another dime to our retirement accounts and we will end with ~$3.1mil at 59 ½ years old.  Half a million short of our ultimate goalRead More

Average Retirement Account (By Age)

I was reading an article from Money magazine that had the average retirement account size based on the owner’s age.  I was anxious to see how we stacked up against the average person our age.  Once I started reading the article I was really surprised how low the numbers really are.  I have read similar articles like this before.  In … Read More

My Ideal Retirement

How I Imagine My Retirement

One day I hope to retire.  I’ve already described what I think we’re going to need, money wise, to retire.  But what do I imagine a full day/week/month is going to look like?  What do I even want it to look like?  I feel that trying to put it all together in my head is … Read More