How are you planning for retirement at this point in life?
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Husky 401K and pension. Got a couple thing happening the same year. I retire, pay off my mortgage, and my youngest will be finished undergrad. Only thing is my wife can't retire until after me so I can't split my time between Clearwater and Montreal for awhile.
I'm 50y.o. and I started last year with a SEP IRA. I'm fucked. 
This means you’re self employed. Just work hard and make a lot of money between now and 63 and you should be fine. That’s the good thing about having a business. You can determine how much you’re going to make.I'm 50y.o. and I started last year with a SEP IRA. I'm fucked.
Like today, I have busy day and I just go into super man mode and do it.
I'm 50y.o. and I started last year with a SEP IRA. I'm fucked.
Better late than never. At least you looked at your situation and hopefully will make the changes needed.
half white privilege
yup
cac
YEP.... BUT DON'T FRET!!!
The best move I could tell him to do is go to the rental property side of things (if he can afford it). I'm SE and also found that I can put in what most people take 7 years to put in their IRA if I work hard enough...this is also why I wonder why people who had legit business (sole proprietors) didn't take advantage of the PPP and just pay themselves and put it in their SEP IRA after it is forgiven
With all the gems in here, make sure your pass the knowledge on to your sons and daughters (in my case grand kids). Saving and investing in the future is not taught in public school, only thing that is taught is to make money for someone else and not for self.
you good. invest in rental property because retirement to me is having passive income comin in not just govt programs and stock marketI'm 50y.o. and I started last year with a SEP IRA. I'm fucked.
Man that PPP worked for me. I legitimately got it twice and I got the one that my city gave me very legitimate and easy.YEP.... BUT DON'T FRET!!!
The best move I could tell him to do is go to the rental property side of things (if he can afford it). I'm SE and also found that I can put in what most people take 7 years to put in their IRA if I work hard enough...this is also why I wonder why people who had legit business (sole proprietors) didn't take advantage of the PPP and just pay themselves and put it in their SEP IRA after it is forgiven
Bumped for the weekend discussion.
Got 9 kids at least 3 got to be successful Lol
BRUH! I missed that first go round! But that second came through in the clutch! Damn near a reset for me
Bumped for the fall 2022 discussion.
Bump
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God-Of-War-420
Mr. Pool
Imma win the lotto
41 now. Retirement at 55 with construction pension should be about 4k a month. Mortgage paid off will have 401k plus my own investment portfolio.
I plan to get my real estate license and work part time doing real estate.
I plan to get my real estate license and work part time doing real estate.
You can also just leave it there and let it accumulate.Big reminder if you switch jobs make sure you roll over your old 401k to your new jobs 401k seen a many of people make this mistake cause they either don't know or the company won't tell them they can.
That's a good idea. One of my dad's aunts did that and worked PT in real estate well into her 70s for something to do and she enjoyed the company she worked for (good boss and coworkers). She passed away in her early-90s within the past 2 years. Nice lady - didn't have any kids of her own, but left behind lots of money & 2 properties for her sisters, and her nieces & nephews.
Thats a double whammy too,because most accounts are down 30-40%