I like working way too much to ever retire
How are you planning for retirement at this point in life?
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So you're a live to work type
Word. I don't think I'll ever fully retire either... partly out of necessity, but partly because I'm embracing lifetime learning + like having some type of routine (might as well get paid for it). I'm hoping to transition to different (paid) interests as things progress.
Im pretty milktoast on retirement.
401k
HSA
Roth IRA
401k in simple target date fund
Roth IRA following the simple path of wealth. 80% VTSAX and 20% bonds to smooth the ride.
I used to play around with stocks, but just betting on the market long term always wins.
Im also sitting on a little under a quarter mill in RSUs(Praise be to Allah and Microsoft) given as compensation for working in a tech company. I want to use this to buy a house when I get married, and maybe use the rest to send the future kid to a nice private school down here. If I dont get married in 10 or so years in my early 40's I'll use this RSU to speed up my retirement and just call it a day then.
401k
HSA
Roth IRA
401k in simple target date fund
Roth IRA following the simple path of wealth. 80% VTSAX and 20% bonds to smooth the ride.
I used to play around with stocks, but just betting on the market long term always wins.
Im also sitting on a little under a quarter mill in RSUs(Praise be to Allah and Microsoft) given as compensation for working in a tech company. I want to use this to buy a house when I get married, and maybe use the rest to send the future kid to a nice private school down here. If I dont get married in 10 or so years in my early 40's I'll use this RSU to speed up my retirement and just call it a day then.
This. I see myself being a professor as I get closer to retirement or while I am so called retire.....Go teach a class or two during the week...
You got an ideal setup right here
Same here. Teaching in some form, or coaching HS Football would be dope
You got an ideal setup right here
Pretty much. Keep it simple.
Not quite.You got an ideal setup right here
I graduated college in 2012. I couldnt start maxing my 401k until I got into big tech in 2018. Doing those other company engineer jobs only afforded me enough to get to the match. If I started at a company like Microsoft right from when I graduated then I'd be a millionaire already. The stock was 30 bucks the day I graduated college....its 360 today
I hear you, but don't be too hard on yourself worrying about the past. It sounds like your plan as it stands now will get you where you want to go (and that's better than most, trust me).Not quite.
I graduated college in 2012. I couldnt start maxing my 401k until I got into big tech in 2018. Doing those other company engineer jobs only afforded me enough to get to the match. If I started at a company like Microsoft right from when I graduated then I'd be a millionaire already. The stock was 30 bucks the day I graduated college....its 360 today
My career brings me fulfillment and purpose. Why would I want to quit to take up golf or go on a cruise?
Or even worse, sit around and watch my body and mind slowly fall apart. With nothing to do but dwell on the family and friends dying of old age all around me?
Why would I want to spend my final years that way? Why would anybody?
I'd rather live like a rockstar. Reach a ripe old age and play my final show a few weeks before I lay down for the last time.
Or be like one of those centenarians you read about in the news that still work at the age of 102.
I have no intention of running out the clock.
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I’ve kept a fair bit of money in them at times at 5 - 7%, and then moved $ over to mutual funds, bonds, GICs, or as annual RRSP contributions (to lower taxable income).
Makes sense. Thanks
@Dadecountycane
If you have a few different banks you deal with, keep an eye on some of the promotional bonus interest campaigns they do too. I.E. - one of the banks I was dealing with dropped their % down to bullshit low levels. So I just moved stuff over to somewhere better I was already dealing with ... until said former bank came correct again and said they were offering 5.75% on new deposits for 5-6 months. So I just started depositing quite a bit back over there.
The rest I have got locked in for GICs elsewhere maturing between April 2024 - Jan. 2025. Mostly around 6%.
If you have a few different banks you deal with, keep an eye on some of the promotional bonus interest campaigns they do too. I.E. - one of the banks I was dealing with dropped their % down to bullshit low levels. So I just moved stuff over to somewhere better I was already dealing with ... until said former bank came correct again and said they were offering 5.75% on new deposits for 5-6 months. So I just started depositing quite a bit back over there.
The rest I have got locked in for GICs elsewhere maturing between April 2024 - Jan. 2025. Mostly around 6%.
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