Reader Case: Should I Rollover my 401(K)?
Before we get started on today’s reader case, we just wanted to let you know that we’ll be attending the Travel Summit in Toronto from Oct 28-29, 2022! If want to come, you can use our affiliate code “MILLENNIAL” to get $50 off: https://thetravelsummit.com/#tickets Now onward to the reader case! Today’s reader case poses an interesting dilemma that isn’t typical of our usual early retiree questions, so I was immediately intrigued. Check it out, yo! Hi Firecracker & Wanderer, I recently left my job and could use your guidance to decide whether to rollover my 401k to an IRA or […]
Chautauqua is Back, Baby!
Hello there, internet! We are writing this from Villa de Leyva in Colombia where, after an excruciatingly long involuntary hiatus caused by…you guessed it, COVID-19, Chautauqua has finally returned in 2022! The pandemic disrupted all our lives in a profound way, and for two years it seemed like the long-promised return to normalcy was never going to happen. But pandemics don’t last forever, and as the world got vaccinated and the virus receded, the things that made life worth living have gradually returned. Chautauqua is back, and FIRECracker and I are incredibly honoured to play our small part in bringing […]
Reader Case: Should I go To Grad School?
One of the reasons I love doing case studies is because our readers come from such a wide and varied background. Sometimes they’re tech entrepreneurs, sometimes they’re non-traditional earners such as actors or artists. Today’s case study is from someone still in school and wondering what the right move is to set themselves up for a FIRE-friendly career, which is an excellent questions that I wished more people asked at that stage of their careers. So without further ado, let’s dive in, shall we? To Grad School or not to Grad School… That is my question! I absolutely adore your […]
Has The Stock Market Derailed Your Retirement?
“My FIRE dreams have been destroyed!” lamented an email I received recently. “I was all set to retire this year, but then the stock market started dropping and now I don’t know what to do!” If this story sounds familiar, you’re not alone. To many people (including yours truly) looking forward to the long-promised “Roaring 20’s” that surely awaited us after the misery of the pandemic, 2022 has been quite a stinker of a year. War, runaway inflation, and a stock market crash that has surprised everybody by its speed and ferocity. Stop this decade, I want to get off! […]
Is the US in a Recession?
Last week, GDP numbers came in for Q2, and they…don’t look great. The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Thursday. GDP Flashes Recession Warning Sign, Forbes.com The US has now experienced negative GDP growth for 2 consecutive quarters, and that’s the commonly accepted definition of a recession. So…the US is now in a recession, right? Surprisingly, the answer is not so clear cut, and there’s plenty of disagreement about whether this is a “real” recession or not, with economists, financial analysts and (of course) politicians weighing in on both […]