(Topic ID: 286379)

Retirement! Hacks, tips and insights to get there faster.

By DadofTwins

3 years ago


Topic Heartbeat

Topic Stats

  • 971 posts
  • 158 Pinsiders participating
  • Latest reply 3 months ago by Zambonilli
  • Topic is favorited by 121 Pinsiders

You

Topic poll

“At what age do you plan on retiring?”

  • 45-55 96 votes
    30%
  • 56-65 169 votes
    53%
  • 65 and over..... 53 votes
    17%

(318 votes)

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14
#4 3 years ago
Quoted from JohnnyPinball007:

She pays 50.00 a month now for really good health insurance.

It can all be done.

Really good health insurance for $50 a month? Details please.

#229 3 years ago
Quoted from Elvishasleft:

Well this is the point... its a rigged game much like the stock market and what goes up comes down.

I can predict the stock market and real estate with 100% accuracy...

I predict it will fluctuate.

If you're diversified and look at it over a long timeframe, values go up . But it's not a get rich quick scheme.

The real factor in acquiring wealth is "time" and how you use it. Start early.

1 week later
#329 3 years ago
Quoted from BMore-Pinball:

Not true at all, not everybody that can retire early chooses to do so.

This discussion has mixed financial independence and retirement as the same.

#340 3 years ago
Quoted from DBLM:

Are there correlations between income and the type of career that you have wether or not you are and adherent of these methodologies? My supposition is that high earners in white collar careers are less likely to fit into these camps, but do not have any firm basis for this

Watch the mrmoneymustache video in post #327.

Same principles apply no matter one's income. He compared a $40k income with a $400k income.

It's more how you live, save and invest than how much you earn. A high earner could have nothing at retirement age if he doesn't plan.

#343 3 years ago
Quoted from DBLM:

I asked a different question. My question is what is the make up of FIRE/Mrmoneymustache adherents, not if it is applicable. arcyallen provided some insight into that.

Well, that's not exactly what you asked originally. You asked nothing of the make up.

But I see it's what you're asking now in order to clarify.

9 months later
-6
#499 2 years ago
Quoted from SantaEatsCheese:

USAA kicked me over to Schwab on May 22nd 2020. Since then, I am up almost exactly 95% in my IRAs. My 401k is also up about 80% in the same timeframe, but I've been pouring alot of money into that one.

Impossible.

Some orange doofus was claiming the stock market would crash if he couldn't keep his job for another 4 years.

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