Retirement Archives - The Outlier Model

Why Fear of Missing Out Could Be Dangerous for Your Retirement?

Allen Francis / July 24th, 2020 / No Comments

You know, I never yelled, “YOLO,” once when it was a popular phrase. “You only live once,” was a phrase the kids used to say to before verbally inspiring themselves to perform ambitious stunts. It’s a dated phrase and I am struck by how the term spread like wildfire. It reminds today of how middle-aged people use terms like, “lit,” to perhaps feel young or culturally in-the-know. Or...

Posted in: Career, Career and Work, Family, Health, Money, Personal Finance, Retirement, saving money, Saving Money Tagged with: Fear of Missing Out Could Hurt Retirement

Countries Where you can buy a Second Passport

Allen Francis / February 20th, 2020 / No Comments

One of my favorite plot tropes in action films is when the agent/spy/hero goes to a safe deposit box in a secure location, pulls out numerous documents, the currency of multiple countries, and plots their next move. I would always imagine that it was I who was shuffling multiple passports of various countries and contemplating my next move. Well, you can’t own a dozen passports like Jason Bourne...

Posted in: Business, Career, Career and Work, Life Hacks, Money, Personal Finance, Philosophy, Real Estate, Retirement, Travel Tagged with: passport

Retiring to a Developing Country? What Can Go Wrong

Allen Francis / August 25th, 2019 / No Comments

I think about retirement all the time. The average annual cost of living standard for a retiree is about $45,000. You can live in many states comfortably, like Alabama, Idaho, Kentucky, and Utah, for less than that annually. If you don’t live in states with large metropolitan hubs, then you should be OK. However, if you’re thinking about retiring to a developing country, then $45,000 a year can...

Posted in: Money, Personal Finance, Retirement, Saving Money, Travel

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...

Posted in: Retirement Tagged with: retirement, roth IRA, self-employed retirement options, SEP IRA