Horseman

You said it! You said you'd quit if you had X amount. You don't love your job as much as you pretend. Go get that X amount. Jesus, this isn't rocket science.

Dude

It's impossible for Nakua to score 30 points more than Stafford right? Championship

You absolutely could do that with 3x what you have now. And Ive given you 1 key to getting there. Don't start talking nonsense now.

3 weeks!!!!! . Has Ed quit yet? If you need me for 12 (I dont like odd numbers) and the crybabies haven't got me suspended I probably will.

Ok. Being conservative is smart. So is not counting on inheritance. Maybe it's the engineer in me that demands I know things precisely. But, even if you love your job and planned to never "retire", imagine the power you have just knowing you could for sure very comfortably. You get a new boss you don't like. Your back makes it harder. Your wife really wants to spend 3 months in Bora Bora. That my friend is "financial independence". I started to not like my job towards the end. They asked and I thought about it, even signed a service agreement, to keep consulting. As many or as few hours as I wanted. A year later and it's been zero hours and I couldn't imagine jumping back into it. Fok that, living life however I want is too good.

Yearly spend they set? Step1 - You need to know your yearly spend, exactly and on what. I've tracked every dime for almost a decade now. There are only two buckets, save or spend. If you don't save it, you spend it. What I'm suggesting is that you understand exactly what your "toys and vacations" and all other discretionary spending does to your possible retirement dates. Then you have an informed decision on whether to save or spend. Too many people just say they love their job and keep working not even knowing they might be able to retire today. I promise no matter how much you love your job, you'd love being financially independent better.

3 financial days left in 2025? I'll try to have something by Friday.

How close are you to the 4% rule? Now I know your age it's easy to project a spending plan and how much you'd need to put away to retire at 55, 60, 62, 65 etc. 4% is 25 times your yearly spend. All I need is "I have 20x my yearly spend" for example.

It's because he acts like he hasnt grown up yet, most of the time.

It's a choice for sure, but at some point you realize THE GOAL is to be able to wake up each day and do whatever the fok you want to. And time is ticking, the go-go years go away a lot faster than you think. The After Tax 401k rolls into your personal Roth IRA, tax free forever thereafter.

I can go first if you want as an example. We don't need individual holdings, but, that might be fun too. I'm just saying in retirement I'm 30% fixed income. You wouldn't expect that to return as much as thegeneral's account which is 5% (but I bet it does) . And he's including contributions. Just trying to get it apples to apples as much as possible.

You can. Like $40,000 which rolls into Roth.

We should also make a note about allocations. Less risky allocations aren't expecting as much return as risky ones

Why not? It's the key to early retirement.

Grown ass man (half-man) I know you are but what am I?

Must be true and you support pedos if you say otherwise. - Banned_Artset logic.

Yes, time weighted return. Not going to the charts and and saying "I'm up 50%!" when half of that dollar amount is contributions.

Hundreds of thousands more documents and all we have is two more pages of liberals crying. No proof. Big nothingburger. I told you how this was going to end. You just can't help yourselves.

Then you can make more than the regular 401k maximum contributions. Instead of $23,500 (plus $7,500 if over age 50) you can put up to $70,000 total with the After Tax 401k. Then each year (or twice each year like I did) take that approx $40,000 (70k minus what you put in the Roth 401k portion) in the After Tax 401k and roll it over to a Roth IRA account. Then you'll never pay taxes on it again. Plux max out your HSA. Plus max out regular IRA, backdoor if you have to (possibly for wife too), and you're contributing close to six figures a year that grows Tax free forever. That's not insignificant. Google Mega Backdoor Roth to read more. I can work out the exact numbers for you if you want.

It's possible to have 3 options: 1- Traditional 401k 2- Roth 401k 3- After Tax 401k If you don't have #3 you should be begging them to get it.

10% is a good nunber for you. At least use a bond etf or something. Your contributions should make a difference if you are in your money making years. Do you have an after tax 401k option ?

Keep the excuses coming!

@easilyscan If we're still going to post year totals how do you plan to handle contributions? Mine would be wacky this year compared to everyone else.

Bold- I would hope so. lol. I don't have a single negative position. Zero to tax harvest, I've never had that happen before. If your waiting to time the market with cash you are more than likely going to miss out on more gains than it's worth. You're better of DCA'ing in. And does that 20% include contributions? Guessing it does.