Menu
Forums
New posts
Search forums
Calendar
Monthly
Weekly
Agenda
Archive
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Help Support Hardline Crawlers :
Forums
Rock Crawling Forums
General Discussion
Retirement
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Markrobinson" data-source="post: 757218" data-attributes="member: 1478"><p>Only jumped into retirement investing last year sadly. We have 3 kids and my wife stays home with them. Two paid off cars, own half of our modest vinyl house (refi'd to a very low rate last year and 15 year note) and manage to save 1/4 of our monthly income. I squeak when I walk but don't feel like we need anything more than we have.</p><p>Currently working to max out our ROTHs as early in the year as possible, then put additional savings into a traditional ira and savings toward a rental property.</p><p></p><p>Google FIRE...it's an acronym for "financial independence retired early". Basic philosophy is that when you have 25x your annual expenses saved in investments, the dividends will cover them and you can retire. You mix reducing your lifestyle with very high savings rate to achieve "f**k you" money as early as possible. We are no where near that extreme but have implemented a lot of it.</p><p></p><p>Owning a trail rig and all the tools, trailer, and such that go with it sure put me in a conundrum since all this frivolity laughs in the face of my extreme retirement saving dreams.</p></blockquote><p></p>
[QUOTE="Markrobinson, post: 757218, member: 1478"] Only jumped into retirement investing last year sadly. We have 3 kids and my wife stays home with them. Two paid off cars, own half of our modest vinyl house (refi’d to a very low rate last year and 15 year note) and manage to save 1/4 of our monthly income. I squeak when I walk but don’t feel like we need anything more than we have. Currently working to max out our ROTHs as early in the year as possible, then put additional savings into a traditional ira and savings toward a rental property. Google FIRE...it’s an acronym for “financial independence retired early”. Basic philosophy is that when you have 25x your annual expenses saved in investments, the dividends will cover them and you can retire. You mix reducing your lifestyle with very high savings rate to achieve “f**k you” money as early as possible. We are no where near that extreme but have implemented a lot of it. Owning a trail rig and all the tools, trailer, and such that go with it sure put me in a conundrum since all this frivolity laughs in the face of my extreme retirement saving dreams. [/QUOTE]
Insert quotes…
Verification
Post reply
Latest posts
For Sale
2005 Ford Excursion Eddie Bauer
Latest: jeeptj99
Tuesday at 11:57 AM
Vehicles For Sale
For Sale
LS engine tube chassis buggy for sale
Latest: 99wranglersport
Monday at 10:42 PM
Vehicles For Sale
Ultra4 - Battle in Bluegrass (Bowling Green, KY) East Series (4/19-4/20)
Latest: ridered3
Monday at 8:00 PM
Trail Rides & Competitions
I.w.i.w clampy
Latest: ridered3
Sunday at 11:24 PM
Tech & Fab
For Sale
43x14.5x17 TSL
Latest: redipsweb
Sunday at 10:50 AM
Off Road 4x4 Parts For Sale
Forums
Rock Crawling Forums
General Discussion
Retirement
Top