Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.
Edwin Cannon 
Reading Time: 4 minutes Diving into your net worth is essentially like grading your ability to save money versus spending money. When you go through the process of tallying up your assets and accounting for liabilities, you can get an overview of where you stand financially and figure out what you are doing well versus what you may need … Read more
Reading Time: 3 minutes You may have heard the term “FIRE” when referencing retirement on social media and been confused, so today I’ll answer a question many people have been asking about in our mailbag, and that is what is financial independence, retire early – or FIRE – all about? What Is F.I.R.E.? FIRE is an acronym for financial … Read more
Reading Time: 2 minutes If you have questions about the 2021 IRS Retirement Plan Limits, I’m going to do my best today to answer them. According to multiple sources you can cross reference below, the Employee 401(k) contribution will cap at $19,500 for 2021 and it will also have offer the ability to make a $6,500 catch-up contribution investment … Read more
Reading Time: 4 minutes I have a hard time looking at my finances and being happy unless I have an end use case for the funds. Many years ago I started setting financial goals that focused on the short term, midterm, and long term. Without an identified end goal, I found I was just saving money without a purpose, … Read more
Reading Time: 3 minutes Planning your retirement starts with knowing how different states meet your financial capabilities and needs. Safety, taxes, healthcare capacity, quality of life, and affordability are the main things to look for before relocating. If you have the means to move from your current home, it makes sense to relocate to a state that is better … Read more
Reading Time: 4 minutes When companies go through an acquisition or a merger, often referred to as M&A, some company executives are not retained. In this event, they can earn a windfall of income in addition to benefits that are contractually guaranteed. The various benefits can be earned in the form of stock options, severance pay, and even cash … Read more
Reading Time: 4 minutes Investing in stocks isn’t easy. I can point to many investments I’ve made that seemed to check out for me in terms of analysis, secular trends, management team, charts, and much more that simply didn’t go my way. Around the year 2015, I started looking for investment newsletters and hoped they would help me gain … Read more
Reading Time: 3 minutes Today I’ll talk about how you can set yourself up for a comfortable retirement by breaking down how much money you should need at each age. You’ll most likely start looking into how much monthly income it’ll take you to retire comfortably by asking yourself how much do I need to retire? This answer depends … Read more
Reading Time: 9 minutes In the current world of uncertainties, owning gold can act as a cushion against deflation and inflation or an excellent portfolio diversifier. With gold in store, you’ll likely manage the financial constraints associated with geopolitical and macroeconomic uncertainties. The best part? You only pay capital gain taxes if you decide to sell the gold. Advantage … Read more
Reading Time: 5 minutes Our team tries to analyze retirement scenarios for people of all income levels who have a variety of retirement wishes. While some people wish for yachts and caviar, others just want a tranquil life of simple pleasures and the absolute necessities. Today we huddled and did some research on a comment to another post which … Read more
Reading Time: 10 minutes Two industry professionals established Noble Gold Investments in 2017. The idea was to create a unique precious metals firm to educate clients while ensuring every customer was completely satisfied with their investment. The company boasts a lot of accolades that set themselves apart from others in the precious metals IRA industry, including: 4.5/5 Best … Read more
Reading Time: 12 minutes Data from the US Census Bureau shows that the average retirement age for men and women in the United States is 65 and 63, respectively. Retirement at any of these ages can be favorable for you if you have planned efficiently and if factors are on your side. Table of Contents: Social Security Retirement Full … Read more