Preparing for retirement financially

Discussion in 'Chit Chat' started by Godfried, Apr 21, 2023.

  1. Godfried

    Godfried

    What are some of the smartest moves we should take to be financially prepared for retirement?
     
    murray t turtle likes this.
  2. newwurldmn

    newwurldmn

    Atlantic City.

    third tier crypto coins.

    dog racing.
     
  3. gwb-trading

    gwb-trading

    Save more than you earn every month.
     
  4. Bugenhagen

    Bugenhagen

    Find somebody rich who deserves to die.
     
    ElCubano and CaptainObvious like this.
  5. themickey

    themickey

    Stock up on baked beans.
     
  6. Spend less than what you earn and invest. ETFs are a great product for someone who does not have the joy to study the markets.
     
  7. LMAO. You are so clever!
     
  8. Harok375

    Harok375

    ROTH IRA. You can trade it all you want and not pay any taxes unless you withdraw from it. But, once you're over 59 1/2, you can withdraw tax free.
     
  9. Bugenhagen

    Bugenhagen

    Russians for example.
     
  10. Loganser

    Loganser

    Сonsider the length of your retirement. If you plan to retire early, you will need to ensure that your savings will last for a longer period of time. Assuming a moderate lifestyle, a 1.5 million dollar retirement nest egg could provide an annual income of approximately $60,000 to $75,000 per year, assuming a moderate investment return. This may be enough for some retirees, but it may not be sufficient for others depending on their individual circumstances.
     
    #10     Apr 24, 2023