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Our 2019 Finances
- Reader Case: Young and Worried About Finances - February 24, 2020
- From Junkie to FIRE - February 17, 2020
- Our 2019 Finances - January 6, 2020
2019 marks the 4th year of our retirement. This means we’ve been out of the workforce for the same amount of time it took us to get our engineering degrees! And for the first time since we’ve been sans-paycheque, our net worth went up by 24% in just 1 year! We made MORE money this year than our highest combined income year as engineers. Say what? Did we go nuts and throw a buttload of money into bitcoin? Secretively buy a bunch of rental estate? Pimp Wanderer out as a man-whore? Nope, nope, and…well, that’s a story for […]
Does It Ever Make Sense to take the 10% Early Withdrawal Penalty?
- Reader Case: Young and Worried About Finances - February 24, 2020
- From Junkie to FIRE - February 17, 2020
- Our 2019 Finances - January 6, 2020
Last Monday’s Reader Case sparked some discussion over whether it makes sense to take the 10% early withdrawal penalty that comes from making a 401(k)/Traditional IRA withdrawal before the age of 59.5 instead of doing the Roth Conversion Ladder. Why? Well, the counter argument referred to this very thorough and informative post from the MadFientist, who did a comparison of 5 ways of accessing your retirement funds. In that post, he claimed that in certain situations, deliberately taking the 10% Early Withdrawal Penalty actually beats the Roth Conversion Ladder strategy, which seems completely bonkers and counter-intuitive to me. So I […]
Is there a Recession Coming?
- Investment Workshop 56: How Does the WealthSimple Portfolio Stack Up? - February 10, 2020
- Investment Workshop 55: Wealthsimple - February 3, 2020
- Investment Workshop 54: What About the Robo-Advisors? - January 27, 2020
The last few months have been spent in book promotion mode and as a result, we’ve been blissfully unaware of what’s been going on in the news, especially in the stock market. But just because I wasn’t paying attention doesn’t mean nothing was happening, because apparently… Global markets took a left hook to the chin on Wednesday, with the TSX Index shedding nearly 2% over the inverted yield curve. ~Danger, How to Invest After Wednesday’s Yield Curve Inversion, Yahoo Finance Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points — the fourth largest daily point […]
Quit Like a Millionaire is Available for Pre-Order!
- Reader Case: Young and Worried About Finances - February 24, 2020
- From Junkie to FIRE - February 17, 2020
- Our 2019 Finances - January 6, 2020
After almost 2 years in the writing trenches, we are beyond excited to announce that our book, Quit Like a Millionaire is ready for pre-orders! If you’re ready to get a copy and want the freebies that come with it, click here. Otherwise, read on. Buy from Amazon [accordions id=’12230′] It’s being published by TarcherPerigee, an imprint of Penguin Random House, and will be coming to a bookstore near you on July 9, 2019! (As of right now, if you pre-order from Amazon and you’ll get a 31% discount!) Now, I know I don’t get emotional often on […]
The US China Trade War
- Investment Workshop 56: How Does the WealthSimple Portfolio Stack Up? - February 10, 2020
- Investment Workshop 55: Wealthsimple - February 3, 2020
- Investment Workshop 54: What About the Robo-Advisors? - January 27, 2020
Unless you’ve been living under a rock, you may have noticed that the US and China have been getting…a little testy with each other. Dow Dives as Markets React to Trade War with China –CNN, May 13, 2019 Boston Fed President: Tarriffs Have The Potential To Slow Down Economy –CNN Business, May 22, 2019 Dow in Freefall as Terrifying 15 Year US China Trade War Looms Large –CCN, May 23, 2019 Yikes. OK so what’s going on here? Why are the US and China in a trade war? What does it mean for our investments? And what changes (if any) […]
