Retirement Archives - Page 3 of 4 - The Outlier Model

5 Self-Employment Retirement Options

Chonce Maddox / September 13th, 2017 / No Comments

More and more people are becoming self-employed these days. While being self-employed has many benefits such as having more flexibility or freedom to choose your own schedules, working as much or as little as you want, etc., there are downsides to being self-employed as well. Self-employed people have to pay extra taxes unlike traditional employees do. Self-employment does not come with a regular...

cFIREism Review

Chonce Maddox / May 17th, 2017 / No Comments

Do you know what a FIRE seeker is? No, it is not somebody that tries to track down flames! It stands for Financial Independence and Retire Early. Very few people, as hard as they try, are ever able to achieve this. This is because they do not really plan. Last week I mentioned my goal of becoming financially independent by the next 20 years. I’m 25 now so I would be shooting for 45. It’s...

Posted in: Retirement Tagged with: early retirment, financial independence, retirement, retirement calculator

FIRECalc Review

Chonce Maddox / May 12th, 2017 / No Comments

Want to retire? I’m sure we all want to stop working at some point but according to CNBC, 81% of Americans have no idea how much they need to retire. What’s worse, is that nearly 1 in 3 Americans have no retirement savings which keeps them trapped in the workplace for extended years. If you don’t want to be stuck working until you’re 80, you have to think about retirement, investing...

Posted in: Retirement Tagged with: early retirement, FIRECalc, retirement, retirement calculator, retirement planning

4 Things Millennials Can Give Up in Order to Contribute to Retirement

millenials and retirement, millenial tips, retirement contribution

Chonce Maddox / April 15th, 2016 / No Comments

Investing in order to prepare for retirement is something that most millennials are not thinking about but they definitely should be. When it comes to investing, the earlier the better is the type of mindset that young people should have. The money you set aside to invest no matter how large or small will earn interest compound over time allowing you to end up with more than you started with and that’s...

Posted in: Retirement Tagged with: investing, retirement