The average American hates looking at their financial statements. They are often long, poorly formatted and remind us of all the things we recently wasted money on. Luckily there is one statement you should avoid completely – your retirement statement.…
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Avoid the Wealth Effect
The wealth effect is the change in spending that is associated with the perceived change in wealth. For the overall economy, the wealth effect is often touted as a great instrument to increase consumer spending at large – which has…
What is Compound Interest and Why is it so Important?
“My wealth has come from a combination of living in America, some lucky genes, and compound interest.” – Warren Buffett We know what you’re thinking – how cliché of you to start a retirement blog post with a quote by…
The 7 Best Books to Read When Starting to Think About Retirement
With so many great options to get educated about retirement today (like this blog) it may seem counterintuitive to pick up a book. However, something about a book in the hand helps the knowledge seep in. I have spent thousands…
Defining Retirement and the Journey to Get There
What is retirement? Retirement, as defined by us here at Retirement Nut, is the state of being that does not require the obligation of working full-time. Like all great plays there will be a second act, and this act should…
Why 2018 is a Great Year to Increase Your Retirement Contribution
A majority of Americans got a raise going into 2018 – solely due to the Tax Cuts and Jobs Act of 2017. For those not familiar with the DC nomenclature, it is what everyone was talking about during the holidays…
Why Your House is Actually a Retirement Liability
The wider media and investment guru’s preach that a home is your most valuable asset. Perhaps your influence came from your grandparents who bought their house for $15,000 and sold it 30 years later for over $100,000. Perhaps it was…