(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 87 days ago by Zambonilli
  • Topic is favorited by 121 Pinsiders

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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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#377 3 years ago

I read this book at 20. I started my ROTH at 19 while working through college and going on mostly scholarships so I was able to pocket some money I earned.
My gf/fiancé/wife/now 3 baby momma, struggled in the beginning to see the potential.
5 years in the light kicked on
Now 10 years deep, we live the model
Long before FIRE was a thing

https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

9 months later
#501 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.

That’s a stupid high number for a 401k that is usually blocked into small-mid-large-mega cap mutual funds and bond portfolios with some international bs sprinkled in.

1 week later
12
#619 2 years ago
Quoted from SNES:

Anyone worried that Millennials and younger are going to opt out of 401k contributions to put money into Crypto instead? I have lowered my 401k contribution amounts and moved toward more real estate investments over the last couple of years. I am a Millennial (33) and most of my friends are trading Crypto and don’t care much about 401k contributions.

Fellow millennial. I guess I need better friends. Everyone I know my age is out living life. Buying $50k cars. $90k trucks. $10k jet skis. Vacations once a quarter. Meanwhile I’m eating PB sandwiches and hoping for ROTH limit increases.
They are reducing their 401k contributions to make more credit payments for all of their things.
I put 1% of my portfolio into crypto and it stresses me out more than the other 99%.
I’ll never be wallstreetbets famous or rich. Going more for the “millionaire next door” look. I read that book at 19 and it changed my life.

3 months later
#699 2 years ago
Quoted from DanMarino:

We have an AirBnB beach house in the Outer Banks of North Carolina. Last year we rented something like 156 nights. Most rentals are May through September.

Was that enough to cover all expenses? Looking do something similar. Don’t really care about making money. Just want it to break even and get some free vacations in March or October when it’s slow

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