Retirement Archives • Page 2 of 2 • Bitches Get Riches

Bitchtastic Book Review: Tanja Hester on Early Retirement, Privilege, and Her Book, Work Optional

February 18, 2019June 2, 2022 Piggy 8 Comments

Dear readers, we’ve been holding out on you. For there is something beyond the basic financial literacy we strive to teach you here at Bitches Get Riches. Something that comes after you level up as far as you go with your money.

It’s called FIRE, or “financial independence, retire early.” And it’s something a lot of our esteemed colleagues in the money-writin’ biz are fighting tooth and nail to achieve.

One of the beacons of light in the conversation about financial independence and early retirement is Tanja Hester, author of the brand new book Work Optional: Retire Early the Non-Penny-Pinching Way.

Tanja is awesome. Her book is awesome. Her advice is awesome.

She’s like the result of a long, fulfilling, romantic relationship between a timelessly wise Amazon warrior and your favorite cool aunt, the one who both comforted you about the mean kids at school and bought you your first box of condoms. I’d trust her both to carry my body to Valhalla from the field of battle and to give me sound financial advice, is what I’m saying.

Investing Deathmatch: Traditional IRA vs. Roth IRA

September 18, 2017March 25, 2022 Lauren Torres ("Kitty") 12 Comments

Two methods of investing in the stock market enter the ring.

Only one will leave victorious.

Welcome back to another installment of… INVESTING DEATHMATCH!!!!!!!!!

If you’re one of our Patreon supporters, there are four things I know for sure about you. One: you’re beautiful on the inside and out. Two: you’re powerful, also on the inside and out (like, you are spiritually intimidating and also extremely muscular). Three: You have excellent taste in blogs run by women who are emotionally in their mid-seventies but physically in their early thirties.

The fourth and most important thing I know about our Patreon supporters: Once a month, they get to choose a topic for an upcoming blog post. And this month they selected a battle royale between traditional IRAs and Roth IRAs.

So if you enjoy this week’s post, you have our gorgeous, strong, good-taste-having, democratically empowered Patreon supporters to thank for it. Please consider becoming one, or continue to aspire to grow up to be one.

Now let’s get down to the EXTREMELY ANALYTICAL CARNAGE.

How To Save for Retirement When You Make Less Than $30,000 a Year

May 8, 2017June 4, 2021 Lauren Torres ("Kitty") 28 Comments

Retirement is a difficult concept for young people to wrap their heads around. It’s hard enough figuring out how to be An Adult, let alone An Old.

We’ll be talking more broadly in the near future about the general concept of retirement. (Spoiler alert: it’s as outdated as an avocado-colored refrigerator.) But today I’d like to talk directly about the concept of saving for retirement while pretty legit poor.

For the purposes of this post, I’m going to define that as someone making $30,000 a year or less. Obviously there are lots of factors that can stretch this figure. A mom of three with a high school education in Washington, D.C. is going to have a much harder time than a single, highly-educated person making the same amount in Woodstock, Alabama. And actually, that number is still more than double the official so-called “poverty line,” which is just under $13,000.

But Piggy and I feel strongly that there isn’t enough realistic, valuable advice for people in this general bracket. So we’d like to talk to them.

Dafuq Is a Retirement Plan and Why Do You Need One?

February 13, 2017November 22, 2021 Piggy 1 Comment

For young’uns like us, old age and retirement couldn’t seem farther away. And yet the thing about retirement is it goes way smoother if you prep for it in advance. Which is why all of us—yes, even you fresh-faced recent graduates—need a retirement plan.

The term “retirement plan” itself is a bit misleading. It suggests there’s a singular, one-size-fits-all tool for preparing to live out your sunset years in the lap of luxury. In reality, not only is there no one single retirement savings tool that works for everyone. But most people use multiple “retirement plans.”

Join me, dear readers, as I guide you through an entirely-too-detailed tour of the most common forms of retirement plans. Keep your hands and arms inside the vehicle at all times and please don’t feed the wildlife.