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retirement

A Short Guide to Lean Investing.

09/16 by The Frug Leave a Comment

taking-the-simple-path-to-wealth

By Brad Beckstrom

Have things gotten too complex?

Today we have more savings and investment options than ever before. Online tools and investment options that give us access to over 10,000 mutual funds and exchange traded funds, with another 40,000+ publicly traded stocks worldwide. Most of these investments are accessible without setting foot in a brokerage firm or bank. Online banking, trading, and mutual fund supermarkets give us access to sophisticated investment tools available only to professionals just a decade ago.

Yet, despite so many options, the US personal savings rate is hovering between 5% and 6% and has been in steady decline since the 50s. The retirement savings picture is even worse, one in three American adults has zero saved for retirement and 62% have less than $1000 saved. Many Americans like to blame the government for this predicament but in fact many countries with significantly higher taxes have savings rates that are 2 to 3 times ours.  On top of our tax advantages, we have a wide selection of pre-tax and post-tax savings options many other countries don’t have, including 401(k)s, IRAs, SEPs, Roth IRAs, Health Savings Accounts, 529 college savings plans, and about 10 more with various combinations of numbers and acronyms in the name. All of them are underutilized by any standard of measurement.

Part of the problem is complexity. We’ve made it easier to go out and get a loan for a new SUV or a 5,000 square foot house than to start saving or put that money away for retirement.  We’ve been incentivizing people to take out student loan debt instead of starting college savings accounts.

To solve the complexity problem we need to make it easier to save and invest. We need to create a simpler path to wealth through regular and efficient investing. I like to call this Lean Investing. [Read more…] about A Short Guide to Lean Investing.

Filed Under: Work Lean Tagged With: early retirement, financial independence, Lean Investing, minimalism, retirement, saving money, Saving time, simplicity

Everyone under 25 needs to read this story.

05/15 by The Frug 1 Comment

Growing old

By Brad Beckstrom

Theodore R. Johnson worked for UPS and never made more than $14,000 a year. After a 28 year career with the company, he retired in 1952 with $700,000 in company stock. He remained retired for 39 years, while amassing a fortune of $70 million.

Johnson died at the age of 91 leaving much of his fortune to an education fund he established with his wife, for disadvantaged students attending small colleges.

70 Million! How did he do it?

Many people today retire, worrying about if they’ll run out of money in their later years. How was Johnson able to retire and grow his $700K into a $70 million fortune that will benefit many into the foreseeable future?

He used some of the same tools we have available today. [Read more…] about Everyone under 25 needs to read this story.

Filed Under: Live Lean, Work Lean Tagged With: early retirement, financial independence, Frugal, less equals more, live lean, retirement, saving money, work lean

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