I love reading your responses to everyone’s retirement questions but realized that I haven’t seen one that matches up closely to what I’m hoping to do.
We don’t have a mortgage or car payment, and our monthly expenses are generously estimated around $3,000 . This includes standard bills and discretionary spending, plus estimated property taxes spread out over 12 months. The unfortunate answer is that there is no “right” time to retire. I know that’s not quite the answer you were hoping for. There are, however, questions you can ask yourselves and exercises you can start to get a little more clarity for your personal circumstances. You may also find you actually want to be flexible in this timeline after crunching the numbers and considering the possibilities.
It’s important to note that the money you do have in your 401 plans may also be tied up until you’re 59½ years old . Unqualified distributions are not only taxed but face penalties as well.
Retire in Costa Rica
Get a little violin out?
Keep mentally alert by keep working as inflation will bite u
Call into Dave Ramsey's show. You know our broke asses don't know what to do.
When I run out of money, prison is plan B.
Steal some money……
Buy one or two properties and rent them out. Get shares in the Amazon split and one call option on Amazon long term. After tesla split buy it up. If you spend your money wisely you should be good. Trust me when I say the average American would be good with $70,000 in savings.
I guess I'm screwed
You screwed as hell because you voted for POTUS . Keep working dawg.
A quarter of a million per year and you’re complaining. I wish I could relate😂
Thx. I feel like crap now.
1. Buy a new home with a long-term warranty paid up front somewhere very low-cost. 2. Buy a very reliable new car with a long-term warranty paid up front. 3. High-dividend stock and bond portfolio 4. Stay below income level allowed for 50% subsidized Obamacare plans
Ohhh poor people
$GME
Easy, put half of it on red, wait no black, no… red. Definitely red.
Make more money
Growup?
Invest 80% to BTC , and take 20% to Alts like EverRise, xodex, Bitgert Libonomy , Observbsc.
Keep working
Keep working. Downsize. Invest 50% of your income for 3 more years in income earing securities. Then retire.
You can roll this into an annuity which would earn around 80 to 90k per year and not touch the principle. Or if you wanted closer to the 250K it can be structured that way to take 1/40th of the principle in addition to earnings. The Taxation of this is complicated.
Retire😂😂😂😂
BTFD!
Go back in time and buy Apple
Not retire
Retire in Mexico or Asia. Live like kings
invest in Bitcoin
Work longer or live much more modestly.
Work like 10-15 more years
Go to work.
Invest in Luna?
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Move to Europe and retire now i a cheap place.
41? hE SEEMs 50
In other countries people work until their 70'-80', without respect from the country or other, with no sufficient income for all those miserable working years of theirs. Some of you in America don't even know what hard work amd little money means.
Work 4 years longer 😅
Stop dreaming and go to work. You’re 41 for f*ck sakes.
Buy bitcoin
Work
buy GME stonk and HODL GaryGensler
Send it to me and I will send you double the amount back 😂
Create an OF for her and enjoy life.
A few questions? 1) are these real? 2) why does this site post the same 3-4 secenarios every other day? If the stories are fake you would think they could create more content.
Live simpler lives, stop spending so much.
Move to a cheaper country
Get passive income with your savings.
Invest 800k in crypto.
Drop your standards. Get a smaller house, a cheaper car and/or move to a cheaper place. 800k is +2k/month for 30 years.
Dividends, learn how to play in the market yourselves first, it’s not that difficult. then play it safe dividends don’t be paying some one a % for a easy task you can learn. Then is generational growth worth doing?
Work the street corners.
Lmao. Most ppl won’t ever make $800k
Party hard until it's all gone then ask the government for hand outs. It's the millennial way
Business partner?
Guys rate my nude photos)
I don't know why market watch features such stupid questions like this over and over again. Spend 10k to learn and practice playing small. It's just lazy whenever grownups ask such questions.
Take a poison pill once the well runs dry
It's obvious from the replies to this post that barely any of them actually reads the article before they tweet a reply.
Keep working!
Have you thought about working? Also are you a cop? Why are you calling your wife partner?
Who are you catering to with this 1% garbage ?
Aww, your instant gratification is just out of reach? Life is so tough...
Simple. Work a bit longer?
Buy Bitcoin and be your own bank. Bitcoin is savings technology. Bitcoin is number go up technology.
Goodluck
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How many stories do you have of 250k plus a year people asking idiotic questions?
Did ASIC pay you?
These people like to brag about.their wealth.
Move to a cheaper country and get more bang for your buck.
Go to Portugal. Google D7.
Two options, one, re evaluate your spending habits and start investing more. You could double that 800k in a few years. Two, accept the fact you will need to work longer to pay for your lifestyle.
Try the third world or maybe try being a part-time drug dealer?
Invest significant in only a few scrips .
Marry your partner. 41 and 50 grown ass and partners?
Keep working like the rest us.
Bitcoin.
Are you fucking kidding me you can make 10% APR on defi that's fucking 80 grand a year dude. Tighten your belt.
Too young , you need to find a new job that your passionate about, you retire from your job that your bored with and for exemple you open an exotic flower shop in Miami !
Honestly, who gets these questions and allow them to be posted?!? Simple question. $250k/year earnings and $800k saved. Where are you spending your money in light of wanting to retire ASAP? Simple answer. Either manage your money better within a budget or work until 80.
Invest in the financial market. Hold and farm to enable you earn while you hold any investment instrument
You can stick your thumb right up your bum and then get back to work!
Keep working.
I’m 54, my partner is 56. We have a 401k with ~$8,000 in it and a total life savings of ~$5,000, and make $50,000. We want to retire at some point before we die, but know our money won’t last us six months. What can we do?
You make 250k and only have 800k saved at 41? Geez
Move abroad to low income country
Ferry dust and unicorns are real. Keep working them, they are whatever u call oneself
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