In order to comfortably raise a family in an expensive coastal city like San Francisco or New York, you’ve got to make at least $300,000 a year.
Welcome to the terrible world of financial dependence, where no matter how much your household earns, you’ll never feel free if you aren’t earning your own income.
Many people consider an income of $500,000 a year to be very wealthy, but one couple in New York feels like they're scraping by on that amount.
One of my biggest concerns about early retirement was running out of money. What if Financial Samurai died? Whether you decide to retire in your 60s or in your 30s, I’m here to say the fear of running out of money in retirement is overblown.