Do you remember your first paycheck? I certainly do. It was the summer after my freshman year of college, and I was earning a whopping $5 per hour. At the time, it felt like I'd struck gold. Every Friday, I'd join the long line at the bank, eagerly waiting to cash my paper check. Those were different times, weren't they? Fast forward to today, and my wife and I have discovered something far more powerful than that weekly paycheck: passive income. It's the sweetest kind of income there is—money that flows into your accounts whether you're working, sleeping, or even on vacation. Our Journey to Financial Independence Our passive income journey began in 2006 when I started contributing to a 401(k). At first, it was a small trickle of
José
José concluded his distinguished 13-year career at Vanguard at age 44, stepping away from corporate life to embrace an early retirement. As a project manager, he expertly orchestrated the creation and delivery of educational materials—both digital and print—for 401(k) participants, ensuring resources reached millions of investors. Today, he embraces life's simpler pleasures: quality time with family, pursuit of passion projects, discovery of new adventures, and leisurely meals in his garden oasis.
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It is a beautiful thing. Once the hubby and I started talking about early retirement, we realized we would need to build our non- retirement accounts if we wanted to avoid pesky penalties, so we focused our savings efforts on that.
Hi Jana!
Yes, having enough investments to fund the first 5 years, if one is thinking about doing the Roth conversion ladder, is crucial for an early retiree. Cheers to the loopholes that make early retirement still a possibility without the penalties!