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Max out 401k, IRA if eligible, mutual funds for the rest, live below you means. Don’t finance more than 30% of your income (after taxes!) on house, cars, or boa
by wil421 5y ago
Max out 401k, IRA if eligible, mutual funds for the rest, live below you means. Don’t finance more than 30% of your income (after taxes!) on house, cars, or boats.
Live in or plan to move to a lower cost location during retirement.
Don’t be too stingy and enjoy life!
- lolsal 5y agoI think you're misunderstanding what I was saying. I do all the normal things for investing/retirement. If nothing in the world changes I will retire comfortably and early. My concern is that none of those things will matter in 30 years. Dumping money into 401ks/markets/property used to be sound investment advice. Today they feel more like speculation. Even holding USD/bonds is a gamble. I'm not talking about traditional risk tolerance like large/small cap or foreign markets.
- panax 5y agoThey are probably still going to be relatively good, just be sure to avoid margin debt, options, etc, play it safe and expect lower returns.
- deleted 5y ago[deleted]