Finance Expert Shares Top Tips to Retire at 40—And You Need 'Laser Focus'

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

Mikey Taylor told Newsweek that 'traveling, partying or having a nice work/life balance will have to wait until after 40.'

Many Americans might not consider retiring until they're in their sixties. But what if there was a possibility of retiring at 40 instead?Mikey Taylor, president of Commune Capital has recently shared his multi-step process that could allow workers to retire at the age of 40—but only if they're willing to commit wholly to the goal.

'Although you will not be withdrawing from this until you're in your sixties, it can become very sizable and the gains are tax-free. Compound investment loves time, so it's important to start investing young,' he said.While getting onto the property ladder is a huge achievement regardless of age, Taylor recommends 'house hacking before buying.''As a first-time buyer, you can qualify for some cool financing options which require lower down payments,' he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 fall reads to navigate change as an underrepresented woman in the workplaceAmira Barger, a diversity, equity and inclusion expert, shares her top picks.
Source: MSNBC - 🏆 469. / 51 Read more »

Finance expert reveals what Biden ‘is not saying’ about new student loan repaymentsBiden's new SAVE student loan repayment plan could take up to 30 years before borrowers see 'forgiveness at the end of the rainbow,' says Ramsey Solutions' Jade Warshaw.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters – Economics Bitcoin NewsRiley Adams said Fitch’s report on the country also 'relays legitimate concerns about how the budgeting process has devolved in the U.S.' creditrating bricscurrency
Source: BTCTN - 🏆 531. / 51 Read more »

Personal finance expert reveals tips to cut back on energy costs'The Ramsey Show' co-host Jade Warshaw joins 'Mornings with Maria' to share tips on how to cut back on energy costs.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Personal finance expert explains how to prepare for the end of the federal student loan pausePersonal finance expert and 'The Ramsey Show' host Dave Ramsey discusses student loan debt and shares tips on how to improve finances.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Finance Conferences for CFOs & Finance Executives | GartnerGartnerLive | Gartner Director Analyst Irmina Melarkode shows how to create an effective autonomous finance organization. Unlock more insights by attending an upcoming GartnerFinance conference: CFO AI
Source: Gartner_inc - 🏆 455. / 53 Read more »