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2023-08-07 13:21:53

🇺🇸Cosmic - Texas 🍖 on Nostr: My retirement formula 1. Don’t put a penny to trad 401k 2. Collect your ...

My retirement formula

1. Don’t put a penny to trad 401k

2. Collect your employer’s match to trad 401k by matching the match into a Roth 401k

3. Save every penny you can afford to, ideally > 50% of take home, into post tax retirement accounts, market symbols such as $SCHD and physical gold

4. Slowly replace your 9-5 slave pay with dividends over time until it is completely replaced, then retire either literally or in spirit near 40.
Author Public Key
npub19cc7l4xrpjdzmnq5gafuz7yka9s9888gsdca6xth4v86fwgh4l7sjmm8xv