What are you doing to set yourself up for retirement?
- Thread starter jaydawg08
- Start date
Maxed out tsp, 100% VA disability, SS, and government pension. I'll have close to 2.5 mil in TSP. I'll make at least 120k in retirement in 7 years. I'll end up moving to a lower cost of living area , maybe Dallas. I'll sell my current home to buy one flat out. Maybe 2 depending. I'll spend half my time in DR. No point to work past 57.
Formerly known as...
Collector
Eat well, sleep well now so I can enjoy retirement hopefully with good bill of health.
Mortgage should be paid off when I am 62, and I pay into a private pension.
Mortgage should be paid off when I am 62, and I pay into a private pension.
Brolic
High Value Poster
I wish I had a job that matched like that. Mine only matches 4%.
I just contribute up to my company match, do $600 a month to max out my IRA, and put $200 a month in SCHG in my brokerage account.
KillerPups
All Star
I got very lucky in life doing real estate. I will keep investing in flips and in my stock portfolio til the day I can teach my sons to do the same and they carry the touch. Money will never stop growing.
valet
The official Chaplain of the Coli
Yeah that's how it was at my past job was (4%). Even though my company ain't good, it's one of the main reasons I wanna stay. That and they pay for my insurance. At my past job they took $250 each paycheck for Blue Cross. So I save alot moneyI wish I had a job that matched like that. Mine only matches 4%.
I just contribute up to my company match, do $600 a month to max out my IRA, and put $200 a month in SCHG in my brokerage account.
My goal ultimately is to work less. By the time I'm 50, I'm not doing more than 3-4 days a week.
60s, 3 days a week. shyt like that. Late 60s/70s full retirement.
Great thread though, and yeah I'm investing in index funds, have my pension plan and retirement savings plan.
I don't think I'll be able to afford a home though
60s, 3 days a week. shyt like that. Late 60s/70s full retirement.
Great thread though, and yeah I'm investing in index funds, have my pension plan and retirement savings plan.
I don't think I'll be able to afford a home though
I'm throwing about 12% in my TSP but will max it once I pay off the rest of this debt. I'm sitting at 80% VA disability. Government pension. Plus my home will be paid off in 8 yrs if I keep at this pace. I wanna be done working before I hit 60 so I can chill and hopefully watch my daughter's kids if she has some.
the bossman
Superstar
Good idea for thread. Max out the 401k every year. buy some BTC every paycheck. should be finished mortgage in ten years. working on 2nd investment property. probably find some low cost of living area to chill for at least half the year. ideally somewhere in the motherland
Gritting my teeth at the idea that I may not live in my first house.
beenz
Rap Guerilla
blue chip stocks and mutual funds personally.
I currently put 11% into my work 401K which matches another 6% annually
I up my percentage each year. and I'll be maxing once I don't have to pay child support 3 years from now.
I currently put 11% into my work 401K which matches another 6% annually
I up my percentage each year. and I'll be maxing once I don't have to pay child support 3 years from now.
beenz
Rap Guerilla
I should have joined the military. that VA disability is a lick.
To expound, this is about joining the rat race/greed gauntlet of housing as an investment and not a human right.
I never wanted to be somebody's landlord but time just makes oxygen more expensive.