Find out how how long your tax free assets will last in early retirement with the free Secret Life of FI calculator.
Why I quit my job instead of retired
Most people get burnt out at work and fantasize about quitting. They might even visualize tossing their badge in their boss’s face or maybe dropping f-bombs over zoom. [ . . . ]
Sitting on cash cost me a fortune
General wisdom says to save 6 months of living expenses before investing. Many financial advisors even recommend 12 months. Good advice? Eh, maybe. For the paycheck to paycheck crowd anyway. But if your aim is to retire early, you don’t have 40 years to invest. You need to put your dollars to work for you as soon as possible. Missing out could cost you. I learned this lesson the hard way.
Burnt out at work? Reach financial independence and quit
Do you dream of quitting your job? After reaching financial independence at 40, Mr. FI called it quits. Follow Secret life of FI, and you can too!
How to use tax loss harvesting to score free cash
If you you are far in enough in your FI journey, then you know that uncle Sam is going to want his cut every year in taxes. Read on to learn how you can reduce Uncle Sam’s take with a simple paperwork swap method known as tax loss harvesting.
FAQs for a tax free early retirement
If you are as naïve as I was when I first started investing 15 years ago, you probably assume you will be paying the tax man until the day you die. The only thing certain in life is “Death and Taxes” right? Wrong! At least, when it comes to income taxes.