Welcome to some great new articles for your Weekend Reading. In case you missed it, I provided some thoughts about saving and investing for retirement based on how our plan is working here and the folks at Grouplend, a Peer-to-Peer lending company, were kind enough to answer a few questions I had.
If you have a few minutes, watch this video, how Mr. Money Mustache retired at age 30. From the video and article: “At the time of retirement, we had it split up with $600,000 of investments … and then a house that was paid off that was worth about $200,000.” The key to getting there? MMM saved 50% of his income.
Enjoy the rest of these articles and see you here again next week!
Here’s a reminder about the greatest retirement asset you’ll ever have.
I enjoyed Kerry Taylor’s article about life being expensive, spending is easy, saving is hard work.
Dividend Mantra quit his job, read about where he is one-year later.
Preet Banerjee said moving too often is a debt killer.
Rob Carrick told Canadians, bluntly, they are drunk on debt.
Big Cajun Man thinks debt can be like a weed.
Sustainable Personal Finance asked if finances are affecting your health.
These are six important things you should consider when buying disability insurance. I think making sure your policy has a cost-of-living feature is very important.
Ben Carlson provided some insight on: is this the top?
In this article, due to the falling loonie, some snowbirds are cashing in on their U.S. homes now.
Modest Money shared some mistakes homeowners make.
Michael James on Money looked at RRIF withdrawal rules.
InsurEye listed a few reasons why your home insurance might be expensive.
Finally, a New York Times article suggested some new math for the safe retirement withdrawal rule. Here is an excerpt from the article: “So a retiree with $1 million could securely spend nearly $30,000 annually for 30 years, in the best and worst of market conditions. The big drawback, though, is that if economic conditions are generally average, retirees would be left with $794,000 in unspent money. If they were unlucky and experienced terrible market conditions, they would be left with $17,900.”