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It's a little tough for me right now, as I don't make much $ and I already have deductions from my salary for the pension fund. I'd feel stupid opening a Roth and then only contributing, say, $1K. Better than nothing though, I guess.Originally Posted by Connemara
I can't draw on most of my retirement funds until age 59.5, so I'm planning 60 as my walk away from my current career. Also, I want to sit on that nest egg as long as I can and get the real cheddar of compounding interest on the big dollars.Originally Posted by Piobaire
It's a little tough for me right now, as I don't make much $ and I already have deductions from my salary for the pension fund. I'd feel stupid opening a Roth and then only contributing, say, $1K. Better than nothing though, I guess.Originally Posted by Connemara
It's absolutely better than nothing. Google "compound interest calculator," and marvel at how much that $1,000 will grow over the next 35-40 years.Originally Posted by MrG
Yes, oh dear God yes. Even the few hundred I put away in my first year will go to great lengths in helping down the line. You can't access your Roth until I think 60 so decades of growth is ******* phenomenal. Seriously, Conne, put away even 50-100 a month if you can, it'll really help out. I'm in your shoes and I still put away.Originally Posted by edinatlanta
If you want to retire early, I have three tips:Originally Posted by Mark from Plano
If you want to retire early, I have three tips: 1. Save a lot, early and often. 2. Do not have children. 3. Do not get divorced. That is all.Originally Posted by Mark from Plano
I would add: 4) Do not develop expensive tastes in anything. 5) Don't spend time "finding yourself," get your nose to the grindstone early. 6) Little to no consumer debt. 7) Live below your means.Originally Posted by Piobaire
My commitment to remaining child-free will save me so much money over my lifetime.Originally Posted by Connemara
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A Roth is, in principle, the best way to save. It's a shame there's a cap on contributions...especially since what you can contribute is after taxes. It's almost as if our government wants to be a welfare state...wait I see what I did there. If you've worked your ass off and can put away more than 5k a year after you've already been taxed, there's no reason you shouldn't be able to.Originally Posted by ramuman
I would add:Originally Posted by Piobaire
Forget the cap...just don't exclude people from contributing to a Roth once your AGI gets respectable. I think it's about 175k for married couples this year and you cannot make a Roth contribution and your IRA contributions are post tax yet you have to pay tax on any earnings. WTF?Originally Posted by Piobaire
Amen. You sound like my dad, but lately so do I.Originally Posted by ramuman
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A piece for denim heads, vintage collectors, streetwear enthusiasts and menswear enthusiasts alike, this extremely rare early US Naval issued deck jacket in raw denim is not likely to ever show up at auction again anytime soon. A Haleys Comet of menswear items, offered at auction at a $9.99 starting bid with no reserve.
Nicks Boots - Wickett & Craig English Bridle Veg Tan Leather - $759
These boots are made from 6.5 oz Wickett & Craig English Bridle Leather. This tannery has been making leather the old fashioned way since 1867. Each side can take about six weeks to produce, making it a significantly longer production time than most leather on the market.
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