I’ve always been a fan of retirement calculators, but found many of them lacking. Inspired by an older viral YouTube video that I somehow just saw now, I decided to climb #calculatormountain and slog through twenty six retirement calculators. What did I like? What did I hate? And what was I doing all day while running the numbers? Stop in and see.
Hanging around personal finance blogs, forums, and websites, you may get the impression that everyone is doing financially better than you are. Recent backlash around a Fidelity report that you should have twice your income saved by 35 got me thinking about how to evaluate financial advice you read online, productive and unproductive responses to advice you don’t like hearing, and what a path forward might look like.
We’ve all likely heard of the Trinity study – the study that led to the 4% rule, or having 25 times your expenses saved. But have you actually read the Trinity study? Did you ever wonder how it applies to women, or early retirees? And have you heard of William Bengen, the financial advisor who laid the groundwork for the Trinity study? Well you’re in for a treat today.
