Route to Retire

I’m Now a 401(k) Millionaire – Can You Be One, Too?

12 Comments / Financial Independence / Retire Early (FIRE), Investments / By Jim @ Route To Retire / April 20, 2021 April 17, 2021

So here’s something unexpected… I just became a 401(k) millionaire last week. As an early retiree, I had rolled over my 401(k) into a traditional IRA in March 2019. So on a technicality, I’m really a rollover IRA millionaire, but it’s still my 401(k) account sitting there with nothing new added to it since January 2019. I had even pulled a little over $60,000 out of the account in December 2019. That was part of the Roth IRA conversion ladder …

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Investment Portfolio Changes I’m Making!

39 Comments / Financial Independence / Retire Early (FIRE), Investments, Taxes and Financial Planning / By Jim @ Route To Retire / April 13, 2021 April 14, 2021

It’s time to make some changes to my investment portfolio! I wrote a post last month called We Have a Lot of Cash in Hand Now… Too Much! that discussed how too much of our portfolio is sitting in cash. Apparently, that’s not uncommon right now as I received a lot of feedback in the comments and replies back from my mailing list (which I recommend you sign up for on the sidebar!). So I decided to write a post …

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How and Why To Open a Custodial Roth IRA at Vanguard

17 Comments / Financial Independence / Retire Early (FIRE), Investments, Kids / By Jim @ Route To Retire / April 6, 2021 April 3, 2021

I recently wrote a post called Teaching Kids About Money – Valuable Lessons Instilled. As I was in the process of writing it, I got motivated to open a custodial Roth IRA for my daughter, Faith. If you’re new to this blog, Faith is 10 years old (11 in a few months). When you hear that, you might be thinking, “What the @#$% does a 10-year-old need with a retirement account?” or “Um, Jim, don’t you need to have earned …

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Stacking Benjamins Show Appearance – Retiring Abroad

4 Comments / Financial Independence / Retire Early (FIRE), Geoarbitrage, Life in Early Retirement, Panama, Podcasts and Other Appearances / By Jim @ Route To Retire / April 2, 2021 April 2, 2021

I was very excited to be asked to appear on a special episode of the Stacking Benjamins Show recently. There aren’t many podcasts that I still listen to anymore, but I love listening to Joe, Paula, and Len on this show. It just seems like they’re having a lot of fun but with some good info presented along the way. In case you’re wondering, the other podcasts I still regularly listen to are: Afford Anything with Paula Pant ChooseFI with …

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Teaching Kids About Money – Valuable Lessons Instilled

14 Comments / Debt, Education, Financial Independence / Retire Early (FIRE), Investments, Kids, Saving, Spending / By Jim @ Route To Retire / March 30, 2021 March 31, 2021

Relying on schools to educate your kids about personal finance is generally not going to be a smart move… most schools don’t even have a curriculum to teach them the basics. When it comes to teaching kids about money, the onus falls on you. That’s good news because you have an opportunity to ensure that your children are learning the right information. Just as many parents haven’t been educated about personal finance, many teachers themselves haven’t been either. If you …

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Traveling to Panama? The Ultimate Guide in Going from the U.S. to Boquete

15 Comments / Panama, Travel and Vacation / By Jim @ Route To Retire / March 23, 2021 March 22, 2021

I’m very excited to say that my in-laws have officially booked flights to visit us next month. But traveling to Panama isn’t for the faint of heart. If you’re not an avid traveler, you’re probably going to run into some stumbling blocks along the way. Heck, even if you are a regular traveler, you’ll probably run into your share of quirky issues. The difference is that it might be a little easier for the regular traveler to know what to …

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We Have a Lot of Cash in Hand Now… Too Much!

37 Comments / Financial Independence / Retire Early (FIRE), Investments, Real Estate, Saving, Taxes and Financial Planning / By Jim @ Route To Retire / March 16, 2021 April 13, 2021

Having cash in hand is a good thing. Whether it’s for an emergency fund or money you’re saving up for something short-term like a car, having money at your disposal is a good thing. But there’s a limit to that goodness and having too much cash in hand can absolutely be a problem. When you have money sitting in the bank, it’s earning a little bit of interest (a real little bit in this day and age!). However, that interest …

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Boquete, Panama in Photos – Beautiful!

10 Comments / Life in Early Retirement, Panama, Travel and Vacation / By Jim @ Route To Retire / March 9, 2021 March 5, 2021

As I was looking at some of the pictures we’ve taken during our time so far in Panama, I realized that I haven’t shared enough of them with you. So today, I’m happy to present Boquete, Panama in photos for your enjoyment! We’ve been lucky enough to be living in Boquete since 2019 and get to experience this beautiful place. But then, we also have the privilege of reliving it at night because all our photos show up as a …

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Being Rich – What Would Change in Life?

26 Comments / Financial Independence / Retire Early (FIRE), Saving, Spending / By Jim @ Route To Retire / March 2, 2021 February 27, 2021

Ah, the allure of tons of money… who hasn’t had the dream of being rich?! The things you could afford, the places you could go, the luxurious good times you could have. It’s fun to imagine all the cool things you could do with boatloads of money. Wait a minute, Jim – aren’t you already rich? You retired a couple of years ago at 43 for Pete’s sake! We’re definitely in a position that I’m more than elated for – …

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How We’re Streaming Movies, TV, and Music for Free

4 Comments / Product and Service Reviews, Spending / By Jim @ Route To Retire / February 23, 2021 February 23, 2021

The past decade has substantially transformed how we watch movies and TV and listen to music. Streaming movies, TV, and music is a great avenue of entertainment and the technology continues to mature and become better and better. All this cord-cutting has made the cable companies cringe, but I’m happy to see it. They’ve been gouging customers for years now as what I’d say are essentially monopolies across the U.S. Right now, they can still crush you on Internet prices, …

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