When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?

[Shooter]

Banking on Social Security pay out when you hit 67 :lol

What are we doing as a bball fam to support comfortable retirement. Tips? Ideas? Let's here em and this is a PSA: Start saving now!

[starface]

Spending it all now and killing myself at 70.

[Raymone]

FIRE by 40

[keep-itreal]

retire?? Bitch I'll never be able to retire. I'll be working until I'm dead:oldlol:

[Shooter]

retire?? Bitch I'll never be able to retire. I'll be working until I'm dead:oldlol:

Nah son, start that 401k and budget. Build that portfolio!

[Shooter]

Spending it all now and killing myself at 70.

YOLO my GUY

[Shogon]

Even if you have $20,000,000 in the bank... don't ever retire. Don't ever retire unless you are 100% sure that you are going to get up with a purpose every single day and stay active in spirit. You don't even have to be doing something physical necessarily... but that spirit has to get moving.

If you retire and you are just ready to chill, chances are good you'll be dead within 5 years. I mean, unless you're ready to die, then yeah lol... do it.

[HylianNightmare]

retire?? Bitch I'll never be able to retire. I'll be working until I'm dead:oldlol:

This

[rawimpact]

I work in a field where I can continue to do what I'm doing well into my 70s. but I do have a exit plan well before that. My wife and I file together and our effective tax rate is pretty significant. I have faith in my investments and would rather get taxed now despite what I said. We opted to invest through a Roth 401k and cash out tax-free in the future. We're also ineligible for a Roth IRA otherwise we would have split.

[Derka]

Both the wife and myself will be earning a municipal pension when we retire (she works for a school system, I work for a town), plus I'm putting money in a 457 deferred comp plan which I'll be maxing my annual contribution to in a few years. I'm 39 now and I'll be in the six-figure income range by 2023. On top of that, I'll probably keep my career until I'm 62-63 and then take an easygoing part-time gig when I retire. Something that will afford the wife and I enough time to travel.

[Cleverness]

Even if you have $20,000,000 in the bank... don't ever retire. Don't ever retire unless you are 100% sure that you are going to get up with a purpose every single day and stay active in spirit. You don't even have to be doing something physical necessarily... but that spirit has to get moving.

If you retire and you are just ready to chill, chances are good you'll be dead within 5 years. I mean, unless you're ready to die, then yeah lol... do it.

Yeah, totally... better mindset is to have the ability to retire if you want to.. less stress and still have a purpose.. working part time could be a better option

[Axe]

retire?? Bitch I'll never be able to retire. I'll be working until I'm dead:oldlol:
Don't you have kids or something

[Jasper]

I am retired ... age 57 when I did it..
401 / pension and now SS.

401 had to recoup after Bush failure with our economy / but Obama pretty much recoup'ed 80% of what I lost during Bush Adm.
wife still works .. she thinks she has to line the pockets of the kids, who can't stand on their own feet

[CelticBaller]

probably 55, my 401k and funds looking healthy

[Cleverness]

401 had to recoup after Bush failure with our economy / but Obama pretty much recoup'ed 80% of what I lost during Bush Adm. / and Trump has brought my 401k to an all-time high


:milton

[Joey Turnbuckle]

Using an ak47.

[Jasper]

I gave my step kids the advise I would give anyone...

Roth Ira is the best / pay the tax's and reap the benefits when you need the cash.
401's a solid , but be flexible --- if you have guts gamble and go in high risk.... rewards are high.
And lastly - look at the economy --- lumber prices are sky high , if you invested in public saw mills like Weyhauser and the other two , you will
be profitable.
use a consoler to educate you !!

[FreezingTsmoove]

Going all in on Ankr

[Cleverness]

Going all in on Ankr

ANKR down about 50% since you posted this.

[Axe]

@fultz/starface

[Smook A.]

Even if you have $20,000,000 in the bank... don't ever retire
If I had $20,000,000 at my young age, or even when I hit my mid 30s, I would retire without hesitation. Imagine the amount of extra money you can make every year if you put the $20,000,000 into high yielding dividend stocks. On average, people who make money from dividends will see about a 2.5-4% return every year. Let's just you earn 3% from the $20m every year. That's 600,000 a year, not including taxes. And that's not even taking into account how much those dividend stocks will grow over time, which would give you a higher return every year for 3%. With that kind of money, me and my family could easily live an insanely good life without ever having to work again. No ****ing chance I'd waste my time still working if I had that much in the bank. I'd spend my time travelling, chilling at home, enjoying my hobbies, and overall just spending lots of time with family and friends.

[Airupthere]

If I go by priority
1. Free money - max out matching 401k if available
2. Growth - max out Roth IRA
3. Tax advantage - increase 401k contribution above matching
4. Taxable brokerage accounts