Unless you are incredibly rich, it’s highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given you don’t live there as long as you do your primary residence. Further, it’s unlikely you need as many extra rooms for guests, an office, or entertainment … Read more
There are plenty of reasons people choose not to have kids, with the cost of raising them being a major one. Another big factor is the fear that children will disrupt an ideal FIRE lifestyle. Many envision a life of traveling the world, indulging in incredible cuisine, and living spontaneously—things that can feel more challenging … Read more
When I lived in the Marina neighborhood of San Francisco, I could walk to endless bars and restaurants within 10 minutes. It was the perfect place for twenty- and thirty-somethings to live, socialize, and indulge in city life. Back in 2005, at age 28, I had just bought my first single-family home—a handsome three-bedroom house … Read more
The IRS has announced new income limits for its seven tax brackets for 2025, with income thresholds increased by about 2.7% to adjust for inflation. This follows a 5.4% increase in 2024 and a historically large 7% bump in 2023. Reaching a top one percent income is becoming more challenging given the threshold keeps increasing … Read more
This guest post is by Vaughn, a long-time Financial Samurai reader who retired at 44 and is now 55. Vaughn’s early retirement was driven by necessity rather than choice due to a congenital bone disease. Fortunately, his high income during his working years secured a solid SSDI benefit, and his mother’s foresight provided future rental … Read more
