Work-Free Wealth

Income Investing for Financial Independence and Early Retirement

Tag: Financial Independence

Should I save in a taxable account for early retirement?

The common advice for saving is always to max out your 401k and other tax-advantaged accounts.  I am certainly not disagreeing with this for anybody just starting out on their savings journey or while in full swing of their high-income career.  After all, a lower tax bill is nice.  But what if you get this […]

Generating Passive and not so Passive Income

The IRS defines passive income as net rental income or income from a business in which the taxpayer does not materially participate.  Dividends and gains from stock sales are not considered passive per this strict definition.    I would prefer to define income as passive along the lines of work and time commitment needed similar to […]