Recent content by Savant

Well, the tax rules are obviously different. No 401k or such for me. But I am sure a lot of wisdom displayed here will still apply to my case. I live in Shanghai, by the way.

Oh yeah one more thing to clarify. US$150k is my income only. She earns another $65k. So we save more than $100k per year, not $50/60k.

Yes and no. I agree that, if you think from the perspective of the household, I'm into it whether I want it or not. But the separate finance does make a difference in practice. See, my wife has a much greater tendency to spend money than me. In many months of the year, she blows her entire...

1) Her parents can take care of themselves fine. What my wife pays them enables them some bells and whistles. 2) I don't contribute to my pension. My employer does. The pension that I receive at 60 will be linked to my last month's salary when I quit at 40-something. Yes, that means...

I set up three bank accounts. One for payroll to come in. One for expenses to go out. One for investments. On pay day, I transfer an amount of money to the expense account, and a (much larger) amount to the investment account. The money in the expense account is barely enough to meet my...

I have a question about this 4% rule. I am going to retire in my early-mid 40s. But this isn't typical. Most people retire in their late 50s or 60s. The 4% rule maybe designed - and hence will likely work - for a 60-year-old. But does it work for a 40-year-old? Has anybody done the math?

We have decided that we will not have kids. What is the meaning of DCA?

Mainly because she pays a significant amount of her salary to support her parents. I want no part of it. I am responsible for financing our home and fixtures by myself. We set up a joint account to pay for "common" expenses, including utilities, groceries, vacations etc and we both...

Hello. This is my first post here. I'm looking for some financial advice, as it is difficult to find anybody to talk to in real life on this topic. My questions are - a) Can I retire in 10-12 years? b) What should I do with my portfolio now? Background information. I am 31, married...