This is the archive of all our articles related to how financial freedom and early retirement (FIRE)
Let us think about it for a moment: What is the ideal retirement plan? One that guarantees income for our lifetime, one that helps tackle inflation and unexpected expenses after retirement. All this with as low a corpus as possible! Yes, that does sound too good to be true. However, we can get close to…
Continue reading →Avinash Luthria, SEBI Registered fee-only investment advisor explains why one should not retire early in India (or US or elsewhere) based on the so-called 4% retirement rule (explained below). I respect Avinash’s approach to investing especially his realistic views on risk and reward. Avinash Luthria is Founder, Fee-Only Financial Planner & SEBI Registered Investment Adviser…
Continue reading →Here are five videos to guide a newbie step by step on how to plan their retirement. Please share these with your colleague/friend who has not yet taken their retirement seriously They can understand the importance of retirement planning, how to compute amount necessary for investment, how much to invest and where to invest for…
Continue reading →Personal finance is personal and in general, it is incorrect to claim X or Y action as a mistake. That said, being judgemental (almost always with incomplete information) keeps human society together and I think it reasonable to list a few actions as unproductive and hence unnecessary. Harpring on these can be considered a mistake….
Continue reading →My mom had ear surgery a few months ago. The fee for the surgeon and the anaesthetist was surprisingly low! The former getting about Rs. 11,000 and the latter about Rs. 4,500. Is that low? Or is that high considering that both would do about 3-4 such surgeries a day and about 8-10 a week?…
Continue reading →Can I retire at 40 with one crore in India? Is it possible to retire early in India with just one crore? Since the answer is not a simple “yes” or “no” let us do a how to retire early at 40 feasibility check with some reasonable and close to reality assumptions. First, it is…
Continue reading →If you do not trust retirement calculators or would like customize calculations, or would like to understand how they work, here is how you build your own in just 15 minutes! So let us get right into it. You can watch the video version linked below in case few steps are hard to implement. Inputs…
Continue reading →I was invited as a guest on the Paisa Vaisa Podcast hosted by Anupam Gupta, a CA and equity research consultant. The podcast was co-hosted by CFP Anees Rao. In the first part, we had defined what exactly is financial freedom, why it is for everyone and why we need to replace conventional notions of retirement and pension…
Continue reading →I was invited as a guest on the Paisa Vaisa Podcast hosted by Anupam Gupta, a CA and equity research consultant. The podcast was co-hosted by CFP Anees Rao. In the first part, we discuss what exactly is financial freedom, why it is for everyone and why we need to replace conventional notions of retirement…
Continue reading →If you had to choose between making more money and spending less, what would you choose? “Wait a minute, why should I choose?”, you ask? Good question! Let us find out if you have to make that choice (or do both) ! Now, I hate thumb rules because most of the popular ones are flawed…
Continue reading →As mentioned earlier, I am running a series of posts on financial independence and early retirement (FIRE). In the first part, we considered a set of thumb rules for FIRE with a calculator and android app. In the second part, we shall consider some of the popular yet incorrect assumptions associated with early retirement. A new and…
Continue reading →If you are someone who desires early retirement or you just want to save up enough to ensure income for a few years while you get your startup off the ground, then you probably should have come across* terms like frugality, FIRE, safe withdrawal rate = 4%, savings rate etc. These are some of the…
Continue reading →It was when my seven-year-old son declared that he wanted to be a fruit seller that I realised that the …. er … apple has not fallen far from the tree! Yes, I too had similar aspirations and I nurtured it for years until I heard the plight of a pharmacist. In this post, I…
Continue reading →Suppose we have Rs. one Crore with us today, can we retire with it? Let us punch some numbers in the freefincal robo advisory template and check what good is Rs. 1 Crore. One Crore is a psychological or emotional benchmark for wealth. Financially it is just one followed by seven zeros with its value…
Continue reading →A friend asked me this question: “I currently have an asset allocation of 60% equity and 40% fixed income. My retirement is many years away. Why can’t I continue to hold 60% equity after retirement too? In fact, all my life?”. Since the answer is not a simple “yes” or “no” and since it can…
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