How much do you need to be able to retire?
I know there is no right answer. Just got to thinking this evening. What is the goal? How much do I need to be able to retire? I ain’t close that’s for sure but we have done a pretty good job of planning for that day.
Another question for you. What would you do different to prepare if you could. I know mine. I wish I would have put less in 401k. I know that is against the norm. The reason is because that money is trapped until you are 59.5. If I would have put in as much as the company match then took the rest and invested independently, I would be years ahead.
The biggest catch though would be having the discipline to put that extra away in investments and not touch it until retirement. Easier said than done but I wish I would have been able to do it. Opens up a lot of options for an earlier retirement.
Random thoughts to keep my mind busy.
I know there is no right answer. Just got to thinking this evening. What is the goal? How much do I need to be able to retire? I ain’t close that’s for sure but we have done a pretty good job of planning for that day.
Another question for you. What would you do different to prepare if you could. I know mine. I wish I would have put less in 401k. I know that is against the norm. The reason is because that money is trapped until you are 59.5. If I would have put in as much as the company match then took the rest and invested independently, I would be years ahead.
The biggest catch though would be having the discipline to put that extra away in investments and not touch it until retirement. Easier said than done but I wish I would have been able to do it. Opens up a lot of options for an earlier retirement.
Random thoughts to keep my mind busy.