Frugal Retirement Living
Retire Early and Frugally
Here is an interesting perspective on frugal living that goes along with our mission to live frugally but still enjoy life and live well.
One author of a frugal living blog describes frugal living as “to look at optimizing efficiency and utility – one will become frugal, rather than just do frugal things.”
This blogger claims he spend about 75% less than the average person, and yet gains an equivalent level of satisfaction.
One of things he mentions that helps you cut expenses during retirement is to live in a smaller dwelling and be within walking (or cycling) distance from work, libraries, and shopping areas.
Categories: Finance, Retirement, Saving Money Tags: frugal living, retire at 30, retire early, save for retierment
Simple Ways To Force Yourself To Save For Retirement
Do You Need To Save For Retirement?
If you ask most people if they need to save for their retirement, and they are honest about it, they will say they needed to start saving long ago. Of course, most people had some sort of retirement plan set up in the past But the average American has not stayed on course, and they do not believe they have enough saved for a comfortable retirement at all.
If you would like to get back on course with your retirement plans, there are dozens of ways to do it. Some of these plans are open to almost everybody.
Categories: Retirement Tags: save for retierment
Journey into Frugal Living Made Easy
Everyday Cheapskate
Cheapskate Living Baby Steps!
At first when you hear the phrase frugal living it sounds like you have to start reusing your aluminum foil over and over again or living on macaroni and cheese like you did when you were younger.
You think it is just a nice way of saying you don’t make enough money. Believe me, I have been there. Actually though frugal living means something completely different. Not like the Monty Python and now for something completely different but a more peaceful way to live. There are many wealthy people who engage in frugal living and it is probably one of the reasons they are wealthy.
Categories: Credit Cards, Finance, Retirement Tags: cheapskateliving, credit card debt, retire at 30
Why Choose Roth Ira
Converting Traditional Ira To A Roth 2010
Beginning in 2010 everyone had the option of converting traditional IRA accounts to Roths. So what’s the advantage to a Roth? With a Roth you pay taxes on the income before you deposit it, you can take it out in retirement tax-free. If your’re thinking about converting, just make sure you have enough money on hand to pay the taxes you’ll owe. If you’ll have to dip into the IRA balance to pay them, experts say don’t convert. Instead, consider opening a new Roth account; The rules for eligibility and contribution limits change every year. You can (and should) get the official rules from IRS Publication 590.
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