You’ve had enough of the 9 to 5 and are ready to punch early. Are you financially prepared for a long and early retirement? Joe and Big Al provide a spitball analysis. And of course, the ever-popular Roth IRA conversions: how much to convert to Roth, when and how to pay the tax on a Roth conversion, and why not pay Roth conversion taxes out of the retirement account you’re converting from?
The FIRE (Financial Independence, Retire Early) movement is getting a great deal of attention on the financial channels and social media. This movement suggests if you can save the vast majority of the money you make early in your life and invest it aggressively, then you can retire after only working 10 to 15 years! […]