August, 2019
Archive

By In Do the Math, Financial Independence, Student Loan Debt

Could Your Paid Time Off (PTO) Help Fund Your Early Retirement?

There was a news item circulating around the benefits business this week about PTO Exchange, a company out of Seattle that raised $3 million in venture capital. The idea investors are buying into is that you can and should use your excess PTO (AKA “paid time off,” or vacation pay) for other things you might want or need, like paying down your student loan debt, or putting it toward gift cards, or all manner of other things.

If you’ve ever 1) not used your PTO and watched it either expire or roll over into a new year where you’ll just get more PTO you won’t use up, or 2) you’ve left a job and had all that unused PTO vanish into the ether, you may have gotten the same lightbulb I got when I first read about PTO Exchange. Here’s why…

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By In Budgeting, Individual Health Insurance

Bad Health Coverage Options for FIRE Folks, Freelancers, Gig Workers, Self-Employed and Perhaps Even Trustafarians

If you fall into the broad category of people who don’t qualify for employer-provided health insurance or a government-provided option like Medicare, Tricare or Medicaid, now is the time of year that you should start thinking about your options.

We at The Benefits of FI have preached the importance of having high-quality coverage (read: coverage that is required to pay for a lot of different kinds of health care services and potential needs) coverage for you and your family. But since this FI community is nothing if not fiercely independent, we want to give you a few more details about the options you’re reviewing, in case you don’t take our advice to go with the (probably) more expensive option that is (probably) also the smartest option…

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