I don’t know about you but my reading these days is often centered around the internet. Whether that’s reading news articles or the latest posts from my favorite bloggers.
And of course there’s the research and general information surfing I tend to do an awful lot of, just because.
I thought I would share with you some of the content I have been reading in the past few weeks to give you a flavor. This month it’s about as eclectic as they come.
I recently posted about what we gave up to be mortgage free, paying our mortgage off 10 years early.
I was drawn to this post because it was essentially arguing that we may well have been wrong to do this. That we should have used the cash we freed up to pay into a pension (401k) or investments.
What I found super interesting was the similarities in pensions, mortgages and tax advantages that the US and UK have. Michael talks about the opportunity cost of not investing in your 401k or IRA as you can fund these with your income before tax.
We have a similar situation here in the UK. If I pay £80 into a pension (somewhat similar to an IRA) then the UK government will top it up with £20.
Essentially that £20 means I pay into my pension before tax is deducted from my salary.
I completely agree that you shouldn’t wait to clear your house debt before starting to invest for your retirement. However we already had retirement partially covered.
I was contributing to a final salary pension so had no need for a retirement investment. Mr2p did need investments for retirement so we set up a pension and paid into it.
Just not as much as perhaps Michael would have liked!
This article caught my eye because, well how can $3 million not be enough to retire? I had to dive right in and see why.
What I found interesting was Mark’s perspective. He is already retired and concerned about having enough to last his whole retirement. He is very risk adverse.
So not only does he not want to rely on the popular 4% withdrawal method, he doesn’t even want to rely on 3%, just in case!
He wants to withdraw no more than 2% of his stock and bond portfolio to cover his family expenses before and after he draws Social Security.
A few things stood out for me. Mark is adamant he doesn’t want to touch his principle. This means he wants his $3 million (or more) to remain intact whilst he only withdraws the dividends or interest that figure generates.
Whilst I think it’s a wonderful thing to leave your heirs a juicy inheritance, it comes at a great cost. Mark is super conservative and I can almost feel his worry seeping out through his writing.
I wonder whether his kids would want him to worry like this just so he can keep his $3 million intact for them?
His concerns and plans are in stark contrast to our own plans. We fully intend to spend down our capital. Not all of it, but enough to cover 3 or so years of expenses then topping up pensions for a further 7 years.
We also plan on having yearly expenses of a lot less than $94,000. Heck we have never even earned that much! You can see why I found the article so fascinating!
Now I know I’m in the UK but I am on a mission to learn how to blog. I have a tendency to write medium length posts 1500-2500 words but I know posts can vary between 500 and 5000 or more words.
I have yet to tackle an in-depth review of anything so am drawn to posts that do this for my learning perspective
This post covers EVERYTHING you would want in a review post. What, why, when, how with added extras.
What I found really interesting is that it’s obvious from Jim’s narrative that he really has dug into the detail on his phone plan.
I don’t think this was a sponsored post, but if it was it’s the best sponsored post I have ever seen!
This was a post where he has shared his in-depth knowledge of what Cricket Wireless offers, how to get the best from their phone plans, what you can expect depending on where you live in the US and more. So his readers can benefit from the knowledge he is sharing.
If you are in the US and haven’t switched your mobile phone carrier in recent years, I suggest you have a read – you could save some money.
With a title like this how could I not get drawn in! Dark truths = ooo secrets to be shared. Explode my bogging income? Yes please (when I get around to monetizing of course!).
But seriously, here is a post that explains why you see flash sales, why there is often a count down timer on the sale page, why every bloggers sale is accompanied by testimonials. Why so many bloggers start private Facebook groups.
I found the psychology very interesting and if I am honest, very true. What I also liked about Ruth’s post was the way she described each ‘truth’, you could really feel her personality and passion in her descriptions and use of plain language.
I could tell she really understood this stuff, it certainly wasn’t just lifted from a marketing manual.
So that’s a tiny flavor of what I have been reading this past month. I hope you enjoy one or more of them as much as I did.