Finance Xpress

For the longest time, I’ve been a proponent of paying federal income taxes. Federal income taxes are used to pay for Social Security (~23% of budget), defense and security (~16% of budget), major health programs such as Medicaid and Medicare (~25% of budget), and other social safety nets. Somebody has to pay income taxes so

The post How To Feel Less Guilty About Paying No Federal Income Taxes appeared first on Financial Samurai.

If you’re a homeowner looking to live for free, buying Treasury bonds today just might be the key. Once you’ve got your housing expenses under control, life becomes much easier. One of the obvious benefits of owning a house with a fixed-rate mortgage is that your mortgage stays the same as rents increase. However, now

The post Time For Homeowners To Buy Treasury Bonds To Live For Free appeared first on Financial Samurai.

Decumulation is the process of spending down your net worth so you don’t die with too much money. If you die with lots of money left over, you’ve essentially wasted all the time and energy it took for you to accumulate that money. At the same time, nobody wants to run out of money before

The post The Best Decumulation Age To Start Spending Down Your Fortune appeared first on Financial Samurai.

It’s safe to assume the vast majority of you reading Financial Samurai want to be rich. I trust those of you who’ve been reading this site between 2009 and 2012 have indeed become much richer. The compounding forces since then have been enormous. We are probably one of the richest communities on the internet today

The post The Two Levels Of Rich: One Of Which Doesn’t Rely On Index Funds appeared first on Financial Samurai.

There are good reasons to go to business school and then there are bad reasons to go to business school. Let me share one of the worst reasons I’ve ever heard. I’ve changed some names and figures for privacy reasons. I caught up with a friend, Peter, who is a partner at a private equity

The post The Most Illogical Reason To Go To Business School I’ve Ever Heard appeared first on Financial Samurai.

Have you ever wondered what the difference is between a 5/1 ARM and a 5/5 ARM or a 7/1 ARM and a 7/6 ARM and so forth? Let me explain in this article because the difference adds to another dilemma mortgage borrowers should consider. An adjustable-rate mortgage (ARM) is a home loan with an introductory

The post The Difference Between A 5/1 ARM And 5/5 ARM And When To Get Either appeared first on Financial Samurai.

Since 2009, I have encouraged Financial Samurai readers to take out an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage. The rationale was that we were in a downward interest rate channel, so why pay more in interest if you don’t have to? Further, the average homeownership tenure back in 2009 was only around 5-7

The post Adjustable Rate Mortgages As A Percentage Of Total Loans: So Low! appeared first on Financial Samurai.