savings rate, and age at financial independence. Green means you retire by age 40, yellow by age 50, red by age 65, and grey… means you’ll be heavily reliant on Social Security. 😉
If you get a bonus, ask to see if you can put all of it into your 401k as well. I know you might want to spend this money on something, but your retirement is a bigger priority right now. Save in a Roth IRA In addition to your 401k at work, you should fund a Roth IRA. With...
Like I said, we have not been saving money, and have no investments or 401K or anything like that. What are the basics that we should be doing in order to save significant money over the next 5, 10, 20 years? After taxes, I take home $3,400/month. Most of that goes towards rent...
Chris has heard the “rule of thumb” about how someone should have an equivalent of their salary saved by the time they’re 30. Is that in a 401k, a Roth… what’s the real truth behind this? Join us Wednesday! Tweet Share
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CINDY BRICK July 31, 2022 at 06:30 PM @JD, Wow, you’re wonderful!!! And good for you. I’m sure these measures have helped you in the rest of your life, as well. What we learn during hard times can help keep us going when more hard times come. (Or helping us stretch and...
Great post. We are now at 4 rentals, 3 in Europe on a bull market, 1 in the USA. All paid by cash. We own our house, paid off mortgage. We start to max out the 401k for my husband who earns in $. We are going to stop fueling the real estate market and move into the inde...