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  1. #16
    Banned
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    May 2021
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    701

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

    Using an ak47.

  2. #17
    NBA Legend and Hall of Famer Jasper's Avatar
    Join Date
    Sep 2006
    Location
    Wisconsin farm
    Posts
    21,465

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

    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 !!

  3. #18
    The Sheriff FreezingTsmoove's Avatar
    Join Date
    Jul 2012
    Posts
    10,063

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

    Going all in on Ankr

  4. #19
    GSW Fan Since the 90s Cleverness's Avatar
    Join Date
    Apr 2013
    Posts
    4,148

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

    Quote Originally Posted by FreezingTsmoove View Post
    Going all in on Ankr
    ANKR down about 50% since you posted this.

  5. #20
    The Bearded Menace Axe's Avatar
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    Feb 2020
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    Thousand Tarns
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    33,059

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

    @fultz/starface

  6. #21
    Red Nation Smook A.'s Avatar
    Join Date
    Jan 2014
    Posts
    15,729

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

    Quote Originally Posted by Shogon View Post
    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.

  7. #22
    College superstar
    Join Date
    Dec 2019
    Posts
    4,266

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

    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

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