Heartland on FIRE

Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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Progress Update 6: 529 Shuffling and Crazy Tenants

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Welp, it seems like Spring lasted about 2 days.  In last month’s post Spring was just arriving, now we’ve gone straight to Summer in no time flat.  It’s time for the monthly net worth update.  Did our net worth number grow as fast in May as Spring changed to Summer?

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Less than Twice My Salary Saved by 35? Am I doomed?

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By 30, you should have a decent chunk of change saved for your future self, experts say — in fact, ideally your account would look like a year’s worth of salary, according to Boston-based investment firm Fidelity Investments, so if you make $50,000 a year, you’d have $50,000 saved already. By 35, you should have twice your salary, the firm said. – Marketwatch article citing Fidelity Investments advice

There’s been quite a bit said and written in response to this article.  Let’s take a closer look… [Read more…] about Less than Twice My Salary Saved by 35? Am I doomed?

The 401k Race: How We Placed Our Bet

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A 401k is a powerful tool for reaching financial independence.  But there is a decision to make.  Should we invest our 401ks using pre-tax dollars or using a Roth 401k?  It’s kinda like betting on horses. [Read more…] about The 401k Race: How We Placed Our Bet

Our Cash Flow Budget Process

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Every week I ask Mrs. HoF if she has any ideas for a post and she’s told me a few times to post about our budget process.  Well, I figured, since she is so passionate about it I would go ahead and let her write her own post.  So, guess what, here’s Mrs. HoF with her first post!

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