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We Stay Winning
When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Banking on Social Security pay out when you hit 67
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!
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NBA lottery pick
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Spending it all now and killing myself at 70.
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The Chosen King
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
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College superstar
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
retire?? Bitch I'll never be able to retire. I'll be working until I'm dead
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We Stay Winning
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by keep-itreal
retire?? Bitch I'll never be able to retire. I'll be working until I'm dead
Nah son, start that 401k and budget. Build that portfolio!
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We Stay Winning
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by starface
Spending it all now and killing myself at 70.
YOLO my GUY
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NBA rookie of the year
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
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.
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The Magic are a trash
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by keep-itreal
retire?? Bitch I'll never be able to retire. I'll be working until I'm dead
This
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NBA lottery pick
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
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.
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NBA All-star
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
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.
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GSW Fan Since the 90s
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by 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.
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
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The Bearded Menace
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by keep-itreal
retire?? Bitch I'll never be able to retire. I'll be working until I'm dead
Don't you have kids or something
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NBA Legend and Hall of Famer
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
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
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The One
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
probably 55, my 401k and funds looking healthy
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GSW Fan Since the 90s
Re: When is everyone planning to retire? Using IRAs? 401k? Self-directed investing?
Originally Posted by Jasper
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
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