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Started By
Message
re: Retirement Outlook - Will I Ever Retire?
Posted on 1/21/23 at 7:48 pm to ThrowAway2060
Posted on 1/21/23 at 7:48 pm to ThrowAway2060
quote:
Are we saving enough to retire @ 63 with our current contributions and savings.
Save 20% (or more) of your income, before any matches. Put it in S&P 500 or Total Stack Market fund.
You’re done. Everything else will take care of itself.
0
Posted on 1/21/23 at 10:54 pm to I Love Bama
quote:
USA is a very expensive place to live and is honestly very shitty compared to many cheap retirement spots in the world.
Interested in what your 3-5 top retirement locations would be. I’ve read that Mexico isn’t actually cheaper than the US once you factor in living in a safe neighborhood and buying products you are accustomed to like quality food. Essentially it’s cheap if you live like a Mexican and eat rice and beans but not that different if you eat like a normal American. What is your experience?
Posted on 1/22/23 at 10:21 am to I Love Bama
You make a good point. I have an exit plan to retire at 52 and leave this country which is only going to continue to become worse and worse and punish people who work with more taxes and regulations. There’s many countries in the world that welcome self sustaining High net worth individuals and don’t punish them financially like the Unites States does.
Posted on 1/22/23 at 10:39 am to LaMotta
Do you have children? I would love to do this, but I want to be with my kids and grandkids
Posted on 1/22/23 at 10:42 am to LaMotta
quote:If there's a consolidated list with pros and cons I would like to see it. I'll ask Chat GPT.
There’s many countries in the world that welcome self sustaining High net worth individuals and don’t punish them financially like the Unites States does.
Posted on 1/22/23 at 10:49 am to AndyJ
quote:
Do you have children? I would love to do this, but I want to be with my kids and grandkids
I do not have children but I can’t fathom wanting my kids or grandkids to be living in the United States in 20 years. It’s going to be an absolute cesspool with all the low iq, uneducated, and unskilled Illegal Immigrants who are pouring in and wasting and using your taxpayer dollars. Why stay in a country Ike that? You might as well move to Central America because that is what this country will mirror. No thanks.
Posted on 1/22/23 at 11:37 am to LaMotta
quote:
Why stay in a country like that?
What countires are you looking at?
Posted on 1/22/23 at 12:15 pm to LaMotta
I guess I’ll see how things look as I get older. I have about 20 years until retirement
Posted on 1/24/23 at 7:44 am to ThrowAway2060
If you haven’t already, look at Fidelity’s retirement planner. It uses Monte Carlo to run scenarios, and the scenarios are quite conservative from a return perspective. It also allows you to run your numbers at a high level or a detailed level. Inputting expenses at the detailed level will ensure you’re not missing anything.
Posted on 1/24/23 at 8:43 am to LaMotta
quote:
I do not have children but I can’t fathom wanting my kids or grandkids to be living in the United States in 20 years. It’s going to be an absolute cesspool with all the low iq, uneducated, and unskilled Illegal Immigrants who are pouring in and wasting and using your taxpayer dollars. Why stay in a country Ike that? You might as well move to Central America because that is what this country will mirror. No thanks.
Lmao this perspective is so wrong
In 20 years the United States won’t resemble Central America. It’s gonna look more like Rhodesia after we sanctioned them to death or South Africa today. Hope y’all don’t mind machete attacks
Posted on 1/24/23 at 9:38 am to TorchtheFlyingTiger
quote:
You can also convert traditional to Roth using a conversion ladder later if in a high bracket now and expecting low bracket later.
Am I under thinking this. If you are in a higher tax bracket now than you would anticipate when you retire; wouldn't you want the tax break now?
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