Getting Started

My Story: Retirement By Age 34 – Part 2

At age 25, for the first time in my life, I actually had extra money!  I started working, paying off my immediate debts and started saving some money in the bank.  Like most young people, I didn’t know what to do with my money, but keeping it in the bank seemed like the sensible thing.  I made a few inexperienced mistakes a long the way, which we can go through along the way.

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My Story: Retirement By Age 34 – Part 1

Hi, it’s Andrew (Uncle Pennybags).  Here’s my story of how I went from $20,000 debt in 2007 to traveling the world and 3rd world financial independence by 2017.  I say 3rd world financially independent because I have enough money and income to technically retire for the rest of my life in Manila.  I didn’t win the lotto, get rich with stocks, or inherit my money.  It’s been a long road where I feel I was kind of just blindly teaching myself what to do with my money.  I was fortunate to have a loving family who led me to a great education, acquire good paying jobs along the way and now I thought I’d share my story.  I don’t consider myself a huge success, but I’m still working on it!

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How To Minimize Taxes During Retirement

If you’re like me, you have a 401k, Roth IRA, taxable brokerage accounts, and you’ve contributed to social security through the years.  All these vessels have different tax benefits and tax requirements when you make your distributions.  Here’s how I would maximize my money by minimizing taxes.  This will be applicable if you’re retiring now, helping your parents out, or if you’re planning for the future which I am.

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