In comments: how much?
I don't put my nested egg in 401k
401k Roth in Fidelity BrokerageLink Then I gamble it on penny stocks
How is the return?
Volatile. Made roughly 30% this year. I don’t have specifics on my phone- it’s difficult to compute accounting for contributions. Ok not entirely penny stocks. My best return was in the 2016 when I bet on the Trump win. (Corrections Corp of America ftw) I also made a great return betting on GBTC. (Bitcoin) Biggest loss is $SNAP but I refuse to sell at the current price so it’s not really a loss. Snap alone has destroyed most of my returns due to the size of my position. I expect it to grow over the next 2-3 years. Betting on HMNY right now
Around $40k a year I do automatic investments into ETFs
$125k/yr. Max 401k+HSA then the rest goes into post tax vanguard funds. Gotta get that early retirement.
Man, if you’re saving 125K a year- you just he netting 250K TC pre-tax. Compound interest is your friend. What’s your magic number to retire?
$310k TC, so ~200k post-tax. Live modestly (1br, no car, travel 3x/year, go out 1-2x week), so expenses are 75k. Moving to a lower COL around 1.7-2.0M, little over halfway there.
Yes but not enough, I feel. I started saving late (in my 30s) and my SO and I have some medical issues. On track for over a million by retirement, but I'd feel safer with more.
I'm also playing catch up. For years I didn't save enough, and now I'm socking away half what I make to get caught up. I do own a home, in a non tech city, mortgage paid off, worth probably 500k, and I have 401k and post tax savings, but altogether including the property plus my 401k and other savings I'm only at about 1.2mil and I figure I need double that. On the flip side I have no debt at all, paid cash for my car, paid off my mortgage, never borrowed on credit.
$150k/yr after tax on $350k TC. 30 yrs old, single
Re: multiple threads above. The correct statement is: It’s not a *realized* loss until you sell. It is still a loss. E.g. Losing half the value of your house is still a loss. It has real word financial implications for refis, HELOC etc. Don’t parrot half-baked cliches.
About 15k/yr into a managed retirement account for my wife and I. Mortgage and childcare are killing us.
$40k a year and I’m 22.
NICE, KATELYN!
THANKS, OIIIIIIIII!