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re: People with 25+ years to retirement. What's the financial plan?
Posted on 11/6/26 at 6:55 pm to HailToTheChiz
Posted on 11/6/26 at 6:55 pm to HailToTheChiz
I just match my 6%, company gives me 6% plus another 5% service pay credit….so 17% into 401k, then $100 a week into VOO split between a Roth IRA and Taxable Brokerage. Then max my Roth with part of my bonus. I then allocate that into some spec stocks as I see fit. In 17 years I’ll have $2k a month extra to save when my kids are out of high school.
This post was edited on 11/6/26 at 6:58 pm
Posted on 11/6/26 at 7:07 pm to HailToTheChiz
Financial Order of Operations. Just follow it.
Posted on 11/6/26 at 7:26 pm to HailToTheChiz
Plan A) make a mega shitload of money
Plan B)
Plan B)
Posted on 11/7/26 at 12:39 am to UltimaParadox
I have a very solid pension that will kick in roughly 14 years from now at age 52. I’ll have the option to draw my pension and continue working for up to 10 years until social security kicks in. For this reason I’ve decided not to invest in a Roth or separate 401k and instead currently have around 180k in a brokerage account. My thought process being that if it grows enough I may can use it as additional dividend income on top of my pension until social security kicks in if I want to retire early. Does this sound like a good plan?
I will also be the beneficiary of a trust at some point but that is not factored in to my financial planning.
I will also be the beneficiary of a trust at some point but that is not factored in to my financial planning.
This post was edited on 11/7/26 at 12:41 am
Posted on 11/7/26 at 1:43 am to Skee
Grow businesses (hvac, insurance, restaurants).
Avoid bankruptcy and taxes.
Sell businesses.
Retire at 58 (15 yrs from now).
Avoid bankruptcy and taxes.
Sell businesses.
Retire at 58 (15 yrs from now).
Posted on 11/7/26 at 1:45 am to Skee
quote:
Does this sound like a good plan?
Ask Google in Ai mode.
What will 180k invested in the sp500 be worth in 14yrs. Then ask it to compare placing that value of a portfolio into a high dividend yield etf versus using a 90/10 split high growth cash portfolio using a guardrail approach to withdrawal s.
You theoretically have 725k in 14yrs and can draw 29k from a high dividend etf vs 40k from sp500 using guardrails
This post was edited on 11/7/26 at 1:52 am
Posted on 11/7/26 at 2:39 am to HailToTheChiz
Company match roth 401k
Max out roth ira buying mstr
Buy more mstr
Max out roth ira buying mstr
Buy more mstr
Posted on 11/7/26 at 6:57 am to Skee
quote:No it doesn't. You are skipping tax free Roth IRA growth and instead investing in funds that are spitting off dividends that get taxed every year along the way. You can always pull Roth contribution $ out tax and penalty free. That could be used as your early retirement bridge. Also, dividends stacked on a pension give you less flexibility for optimizing tax brackets, ACA subsidies etc in retirement. Dividends are overated and poorly understood. Just sell shares when needed instead of being forced into regular taxable distributions.
decided not to invest in a Roth or separate 401k and instead currently have around 180k in a brokerage account.... use it as additional dividend income...Does this sound like a good plan?
eta: Obviously, if you are missing out on 401k match that's foolish. Essentially skipping part of your pay package and allowing employer to compensate you less for same work. Even if you take early withdrawals later with 10% penalty you're usually coming out ahead taking at least the match.
This post was edited on 11/7/26 at 7:08 am
Posted on 11/7/26 at 9:14 am to HailToTheChiz
Have 10% match. So getting 20% into 401k.
Rest is going into brokerage and kids 529 accounts.
Have a job that I enjoy, so I'll probably work 1-2 days a week PRN even during retirement just to stay busy
Rest is going into brokerage and kids 529 accounts.
Have a job that I enjoy, so I'll probably work 1-2 days a week PRN even during retirement just to stay busy
Posted on 11/7/26 at 9:26 am to UltimaParadox
With my wife not working, I’m should try to max my Roth IRA and my wife’s before trying to max 401k?
Edit: I realize to capitalize on the 401k match before trying to max Roth. I’m going to be soon opening a spouse Roth IRA account for my wife.
Edit: I realize to capitalize on the 401k match before trying to max Roth. I’m going to be soon opening a spouse Roth IRA account for my wife.
This post was edited on 11/7/26 at 9:31 am
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