Retirement investing...
- Thread starter Ws6
- Start date
Healthcare.
That's the thing. It's one of the few ways to get money where I am off a significant amount of time. Very torn there, and who is to say I wouldn't end up just as bad off elsewhere? Nah, I'll stick around. Besides. I'll probably not need as much to retire if I don't live as long, rofl!
Now I know you're joking.
Absolutely agree.
Yes. Agree as well
I loved a lot about my job but hated most of it and nearly killed me
I've been reluctant to swap the devil I know for the one I don't. But I also think I like more of my job than the bits that I dislike. Plus odds are good of longer commute. Stability is a good thing at the moment--although with recent tech layoffs, there is no stability to be had. But I still think last in can be first out if not careful.
I'm joking at a retirement fund earning 10%?
Mine has averaged over that, started it about 15 years ago.
Yeah but the last decade has been an anomaly and you are not going to get 10% annually if you are invested properly (conservatively) for actually drawing off of the account like the OP is wanting to do.
It often kills people in my field. Stroke, heart attack, suicide, etc. Just means I need less money to retire all things considered.
Sure, but in retirement one often pulls back on the growth rate. If one has more than they need, they can stay aggressively invested--most have just enough (if that), and since their spending habits do not change when the economy falters, they have to make sure to safeguard their nest egg. Most are going to have portfolio set to some level of "conservative" that is not "aggressive".
S&P 500 has averaged 10% over the last 30 years.
Investing in that is quite conservative.
Well, as a result of this thread, I...
-Created and maxed my Roth IRA for 2024
-Found an sp500 tracking fund in my employer portfolio with a 0.02 expense ratio, and began putting 6% in (they match 3% max, 50% of your contribution,1x per year) to my 401k.
-Tax loss harvested this last week, showing a loss of @$7500 in short term losses by converting VFIAX to VLCAX (Vanguard has a handy option of stock conversion so nothing slips through the cracks for a real loss/gain during conversions) in my individual brokerage.
Just an update on how it's going.
-Created and maxed my Roth IRA for 2024
-Found an sp500 tracking fund in my employer portfolio with a 0.02 expense ratio, and began putting 6% in (they match 3% max, 50% of your contribution,1x per year) to my 401k.
-Tax loss harvested this last week, showing a loss of @$7500 in short term losses by converting VFIAX to VLCAX (Vanguard has a handy option of stock conversion so nothing slips through the cracks for a real loss/gain during conversions) in my individual brokerage.
Just an update on how it's going.
I'm on track to retire soon. Was targeting 5/25, but after talking to HR at work, I learned that by working into June, even one day, I'll be eligible for full benefits for the entire month. That will save me a months worth of Cobra medical coverage. I'm 63.5 now, so have to buy for a year and a half. So now, I'm thinking 6/2 as my last day. I've got a little more than 9 weeks of PTO banked, that they will have to pay me. Got the 2024 "bonus" payment a few weeks ago, so that's good.
Investment wise, I'm all-in on S&P 500 index fund. With all the Trump chaos, I've lost a chunk, but now afraid to retreat. It's bounced back about 1/2 of the losses, so that's good.
I'm praying that Trump and minions push hard with foreign trade agreements, which should shore up the economy. The uncertainty right now is creating huge worldwide financial volatility, which is the last thing us retirees need.
My car is do for a service, but going to push that back until retirement. Spending a day of my first week off playing with the car will be great fun!
Investment wise, I'm all-in on S&P 500 index fund. With all the Trump chaos, I've lost a chunk, but now afraid to retreat. It's bounced back about 1/2 of the losses, so that's good.
I'm praying that Trump and minions push hard with foreign trade agreements, which should shore up the economy. The uncertainty right now is creating huge worldwide financial volatility, which is the last thing us retirees need.
My car is do for a service, but going to push that back until retirement. Spending a day of my first week off playing with the car will be great fun!
What are your California marketplace health insurance rates? Sounds like can voluntarily keep your income down so get a lower rate. Better than COBRA.
Last time I checked, the marketplace rate was not cheaper. And with Cobra I keep all my same medical network.
Well that’s excellent. WA it was half the premium same provider!
I keep my Kaiser for $590 and dental for $40. I was surprised it was so low. I was figuring $1000.
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