June 2024 Better of the Internet

I hope you might be having an awesome summer time. This month I’ve a group of sources that can problem you to assume extra deeply about your strategy to monetary independence and early retirement.

We’ll discover the bodily, psychological, and emotional facets of growing old. I even have a number of sources that return to the basics of private finance which I hope might be useful for these earlier on their journey, and function helpful reminders to the remainder of us.

Let’s bounce in….

Some Unhappy Information

I incessantly function Jonathan Clements writing in these “Better of” spherical ups. I’ve been a long-time admirer of his work and the web site he created at Humble Greenback.

It’s onerous for me to clarify the emotion that overcomes me as I write these traces. I by no means met Jonathan in individual. Nonetheless, I contemplate him a job mannequin for my very own writing and my need to offer voice to others on this weblog.

It’s with nice unhappiness that I share a latest publish from Jonathan. In it, he shares tragic private information with great grace and integrity. He writes The C Phrase.

I encourage every of you to learn this highly effective reminder of how fragile life might be and the feedback as a reminder of what a life nicely lived appears like.

Alzheimer’s and Dementia: Rooster and Egg

It’s simple to imagine a prognosis of dementia or Alzheimer’s might make you susceptible to monetary errors, fraud, and so forth. Nevertheless Ben Casselman writes {that a} latest research exhibits Alzheimer’s Takes a Monetary Toll Lengthy Earlier than Analysis.

This text could also be behind a paywall for you, so I wish to share one essential quote from it that drives dwelling the important thing level. “Lengthy earlier than individuals develop dementia, they typically start falling behind on mortgage funds, bank card payments and different monetary obligations, new analysis exhibits.”

I focus on this with planning purchasers typically to assist construct my case to get them to simplify funds now, get their property planning so as, and so forth. when they’re in place to take action. Sadly, by the point you notice you have got an issue, the injury might already be carried out.

Private Tales of Monetary Independence

This month on the weblog Dave acquired private sharing Confessions of an Early Retiree. My fellow Abundo advisor Jeremy Zuke shared Classes From My Journey to Monetary Independence.

Each had been extremely popular amongst readers. I encourage you to examine their tales out. I additionally wish to take this as a chance to name for readers to share their tales.

Visitor posts from different readers sharing their private paths to monetary independence and early retirement, or explicit facets or methods from them, are extremely popular on the weblog. I’m searching for extra tales to share. If you need to share your story, ship me an e mail at chris@caniretireyet.com.

Classes From Early Retirement

For these of you who like listening to from different early retirees, you might take pleasure in this Quora thread I got here throughout with lots of of responses. What don’t they inform you about retiring early?

From the Clipping Chains Weblog, Life With out Cash Shortage Would possibly Simply Make You Lazy.

Classes from a Mini-Retirement

Morningstar’s Christine Benz not too long ago accomplished a six week sabbatical which she used as a check drive of retirement. She writes Classes From One other ‘Fake-tirement’.

FIRE Again Within the Mainstream

FIRE was featured on “The Every day” podcast from the New York Instances: The way to Retire Early as Humanly Attainable. If you will get previous the click-bait headline and cringy first couple minutes, that is really a considerate have a look at the FIRE motion from individuals not entrenched in it.

Athletes and Early Retirement

I’m fascinated by the lives of elite athletes. Whereas their monetary tales typically aren’t relatable, they supply case research in:

• recreating an identification after retirement at a younger age, 
• coping with bodily decline that’s inevitable for all of us, and 
• determining what comes subsequent after devoting your life to 1 factor. 

This month I listened to interviews with two of the best feminine athletes of all time, every navigating this transition.

From the Dirtbag Diaries, an interview with climber Beth Rodden: A Gentle Via the Cracks.

From the New York Instances Sunday Interview Serena Williams’s Subsequent Problem? The Remainder of Her Life.

Again to Fundamentals

A constant theme of this weblog is the mastery of fundamentals. It’s simple to chase the shiny objects, however on the finish of the day a number of issues finally decide your monetary success or failure. These subsequent two sources drive this level dwelling.

Adam Grossman shares Seven Steps to Monetary Success.

Matt Krantz writes Buyers Lastly Throw within the Towel on Lively Fund Managers.

Avoiding Frequent Errors

Lori Bodenhamer shares The 5 Most Frequent Monetary Errors we see with purchasers.

Responses usually are not supplied or commissioned by the financial institution advertiser. Responses haven’t been reviewed, accepted or in any other case endorsed by the financial institution advertiser. It isn’t the financial institution advertiser’s duty to make sure all posts and/or questions are answered.

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[Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. After achieving financial independence, Chris began writing about wealth building, DIY investing, financial planning, early retirement, and lifestyle design at Can I Retire Yet? He is also the primary author of the book Choose FI: Your Blueprint to Financial Independence. Chris also does financial planning with individuals and couples at Abundo Wealth, a low-cost, advice-only financial planning firm with the mission of making quality financial advice available to populations for whom it was previously inaccessible. Chris has been featured on MarketWatch, Morningstar, U.S. News & World Report, and Business Insider. He has spoken at events including the Bogleheads and the American Institute of Certified Public Accountants annual conferences. Blog inquiries can be sent to chris@caniretireyet.com. Financial planning inquiries can be sent to chris@abundowealth.com]

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