Roth Ladder

Early Retirement Roth Ladder

One Way to Access Your IRA or 401k Pre – Age 59.5 Build Your Ladder As the title of this site says, I am not done yet, but I expect to be done and drawing down from retirement funds prior to 59.5 years old.  So, I thought it might be useful to share my favorite plan for accessing IRA & 401k[…]

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Back Door Roth IRA

Roth IRA, Even When You Are Over the Income Limit The Internal Revenue Service (IRS) sets limits every year for the maximum amount a tax filer can earn and still contribute to either a deductible IRA or a Roth IRA.  Once you phase out (for 2016 Adjusted Gross Income (AGI) for married filing jointly above $194,000) your IRA contributions are no[…]

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Pilot Log

Economics of Becoming a Pilot

Cost to Fly I have loved airplanes for as long as I can remember.  When I was young I had the chance to ride in a couple of single engine planes and I was hooked.  I loved it!  Later, in college at the University of Missouri I checked into the cost to obtain a pilot’s license.  I made some calls and took[…]

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Retirement

What is Retirement?

Full Freedom Moment – No further need to earn an income. What is retirement to me?  Well it is without a doubt simply the moment when I believe we have enough in investments to produce the income we want/need for our remaining conceivable lives.  I am basically a believer in the 4% distribution rule and would like a little buffer.[…]

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Spouse

Least Common Denominator – The Spouse

You Are Only as Cheap as the Spender in Your Home Dave I used to love listening to the Dave Ramsey show. Sure he had some great advice but it was probably the drama that kept me coming back for more. Ok, he has some great advice.  My biggest take away from Dave is that Personal Finance is “Personal”. That[…]

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Mint

 is the free personal finance site which I use.  It is easy, works well, and gives me a very good picture of our finances.  It has a net worth home screen which totals up all of the various asset accounts, Zillo values for properties, and estimated automobile values.  Then Mint subtracts outstanding credit card balances, mortgages, and any other consumer debt[…]

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Second Home / Rental

Second Home / Rental

Our Experience As Vacation Home Landlords New House In the fall of 2007 my wife and I purchased a home in the mountains about 2.5 hours drive from our home in the desert.  The plan was to have a second home in the mountains to use and share with friends and family, and to rent the home out as a Vacation Rental.  We[…]

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Frugal Fraud

Living Frugal but Spending Way Too Much Cheap So, I am cheap. I mean, I am frugal. That is the nicer way of putting it. I drive a car that is more than 10 years old and it bumped 100k miles years ago. I don’t buy clothes. I mean, every few years I need a new pack of underwear but that is[…]

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Better Than Bonds

Forget Bonds

A Better Fixed Income Investment Blah Bonds As I write this the current yield on the Vanguard Total Bond Market Fund is just a skosh over 2%. For me, investing in bonds is like, well,  giving up. There are a couple issues beyond the poor return. First, if you choose to invest in bonds with non-retirement accounts, you would have income[…]

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