Browsed by
Month: February 2018

Social Security and Bend Points

Social Security and Bend Points

After taxes, one of my goals for President’s Day Weekend was to take a look at our Social Security numbers.  I’ve said before that I am not counting on Social Security when we retire.  The Social Security and Medicare Boards of Trustees put out a report in 2017 saying the following: After 2021, interest income and redemption of trust fund asset reserves from the General Fund of the Treasury will provide the resources needed to offset Social Security’s annual deficits…

Read More Read More

President’s Day Weekend Craziness

President’s Day Weekend Craziness

I’m going to keep this post short.  Sarah and I spent almost the entire 3 day weekend working on FIRE mainly in the form of taxes.  But that isn’t it – from this weekend alone, I have ideas for posts about taxes, social security, the Maryland Comptroller, credit reports, Quicken, and home improvement!  So I’m going to take a pass for now, and hopefully revisit these topics over the next several posts.

Great News: I got a promotion! Now What?

Great News: I got a promotion! Now What?

Great news FIRE followers, I got a promotion today.  It’s actually my second promotion in three years, and it’s a particularly big deal in that it moves me to the next salary bracket and I will start to earn bonuses in addition to my base pay.  Chris and I are both super excited (I’ve worked really hard for this promotion) and we do plan to celebrate next weekend, but what we aren’t going to do is drastically change our spending…

Read More Read More

Taxable Accounts: Tax Loss Harvesting

Taxable Accounts: Tax Loss Harvesting

I’m skipping a couple steps on the path we have taken to start retirement so far, but given the week the stock market had, I think it appropriate to do so. To catch up on retirement, or attempt FIRE, it is necessary for one to learn about taxable investing.  Full disclosure up front – we aren’t experts.  Learning about taxable accounts is part of our journey.  And so, we decided last year that we would attempt a start with taxable…

Read More Read More

Social Isolation of FIRE

Social Isolation of FIRE

I was driving to work one day, listening to the radio, when it occurred to me the double standards that exist in our society around people that have a lot money and flaunt it, and those that choose not to spend it lavishly.  Why is it socially acceptable to broadcast your wealth (or illusion of wealth), and why is it so difficult for those of us who choose to save, to talk about it? First, the social isolation of FIRE…

Read More Read More

Unexpected Eavesdropping

Unexpected Eavesdropping

Today is a Saturday, which most weekends means yard work, home projects (which I plan to write about in the future), or various other chores.  On days like today, when it is both cold and rainy, we instead often run errands.  I’ve been prepping for a while for a home project I plan to do before summer, and as part of that, I needed to run to the local home improvement store.  As part of our weekend errand runs, we…

Read More Read More

First Step on the Road to Retirement – Ease Up or Down?

First Step on the Road to Retirement – Ease Up or Down?

At the beginning of 2017, at the ages of 37 and 36, we had never seriously thought about saving money. Sarah and I both have an employer-sponsored retirement plan to which we had anemically contributed.  In both cases, the contributions go into a single “retire at 65” fund.  Generally speaking we hadn’t thought much about it because we never had much money to spare.  Even when our careers finally started to go well, making it to a point where we…

Read More Read More