Beginner here, so take that into account lol.
26 and not wanting kids until I’m financially ready for them, not so much for me, but for them.
The saying of “time in the market beats time in the market” is thrown around everywhere
I just don’t see how someone can say that, then 100% of the time they’re huge supporters of a Roth IRA. The idea of investing in 25+ years from now seems silly, since time is so big. I get the tax benefits someone always jumps to, I mean just from a time perspective.
Shouldn’t the goal be to throw a ton into a taxable account, as much as possible? Not cashing out anytime soon, so the taxes aren’t even that much.
I sort of view retirement as a monetary number, not an age number.
If I’m able to give my kid $100,000 to invest at age 18, then they work as well until 50, that’s 32 years of Roth IRA contributions, along with the original $100,000….won’t that be like $2 million give or take? Being able to easily retire at 50? They’d still eventually have a house payment etc, but people with $0 at 18 still eventually have that usually
Being 18 and starting at $0 just makes no sense with the expenses of today
Sorry to get way off track, but shouldn’t more emphasis be on putting money in asap? It’s huge since compound interest gets insane once it gets to a high amount. 10% of $10 is $1, big deal. The same 10% of $1000 is $100, meh. 10% of 100,000 is $10,000, there we go. Then 10% of $1,000,000 is a whopping $100,000….imagine not even working and still getting more than most people work for in a year
Is something about this whole thing completely wrong? Lol just seems like if people are prepared, amazing things will happen. The average 18 year old has nothing, so they should be set up for retirement at 50 thanks to family. Then the same for their kid, then their kid etc
I just can’t do the rat race for 40 years
Seems easy to do in theory once the amounts get High, but no one really does this it seems?
[link] [comments] https://www.reddit.com/r/stocks/comments/128sj5x/shouldnt_everyones_number_one_goal_be_to_throw_in/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
