Can you help me with long-term financial strategies for retirement and my kids?

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  • #108855 Reply
    Mikaela

      Read The Simple Path to Wealth and listen to the ChooseFI podcast! Great resources!

      #108856 Reply
      Jule

        If you max your 401K, IRA, and HSA from now until 62, you’d retire with almost $3M.

        Real estate is a business that requires up keep and management.

        It’s not always a home run but when it is, it can accelerate your wealth, but know that it’s not always the case and it requires a lot of work.

        #108857 Reply
        Mark

          You are not late. Buy index funds, investing Real Estate ETFs. Buy some precious metals like gold and silver.

          For stocks I copy other traders that is I do copy trading and it has helped me a lot.

          I think you should look into it

          #108858 Reply
          Wlamir

            Suggest you invest in index funds regularly and let it be. Also, I would open 529 for the children.

            #108859 Reply
            Karen

              I was very impressed with a fact I learned from The Simple Path To Wealth, JL Collins.

              Broad index investing in something like VTI is not only extremely simple, set and forget, OVER TIME IT HAS OUT PERFORMED NEARLY EVERY OTHER ACTIVE STOCK PURCHASE PROTOCOL OR PROFESSIONALLY MANAGED STRATEGY.

              That was really eye opening for me, I always assumed being aggressive and diligent and attentive, or paying someone else for that degree of effort, would yield better results.

              It was so freeing to finally let go of that sabotaging idea and do the easy thing.

              Can you beat the market? Maybe. Will you? Almost invariably not.

              #108860 Reply
              Jason

                I’m assuming you opened a separate ROTH account apart from your 401k for employer.

                Just be mindful going forward of the income limits for ROTH, since your MAGI could be close to the income limits.

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