Maybe they can paint the roof green like Beardshear Hall. They always said on campus tours the top was green because that's where all the money was kept.
Retirement Targets
- Thread starter yowza
- Start date
I put $500 a month into VTI, just because the fees are so low. So far it’s treated me well.
That book is OK, except the author is a Hawkeye (ex football player).
For one, Mickey Mantle regretted making that assumption. I'm sure there are others.
I’ve heard about it a fair amount but haven’t actually read it myself. I get certain aspects of what I’m told it says but really disagree with others.
I like the idea of thinking about your life beyond stockpiling money (for retirement or otherwise), but there’s something very shallow about the mindset of I’m going to live in such a way that allows me to experience as many personal pleasures and opportunities as I can afford…and I’ve failed if I die and missed one.
You also have to have enough discipline to be a saver early on. And how much do you flip that switch? I have an aunt that is over 100 years old. She probably didn’t plan to live that long. If she followed his advice, what would things be like now?
Just seems dangerous and still seems to make life about money in a different way. Be a saver but find worth and value outside of money. Use money as a tool.
Honestly, I think its aimed more at folks that have "made it" and have $5-10M socked away in their 50s. Not so much at folks trying to get to $2M by age 65.
Kind of a "why are you busting your hump and burning the time you have left, when you are already in the top 1%? what's the point of being in the top 0.1%?"
I do agree that there is a balance to be had. I think most people (and self included) don't think enough about WHY they are working to save for retirement and what they will do once IN retirement. And if this gets people thinking then that's a good thing.
vti == total stock market index ~= vtsax mutual fund
vug = growth index ~= vigax mutual fund
Those are two of ones I was referring to where it doesn't matter much whether you pick the etf or the mutual fund. They have similar expenses and track the same underlying index, so they will perform about the same.
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I went in today with a good chunk of the VTI. Wanting to put more in but just unsure where else to invest. Such a newbie to all of this.
Nothing wrong with diving in. An approach if u are not comfortable is to set a plan in place like:
- split it up with 6 equal amounts and do the first of the month for the next six months.....laddering in - similar to dollar cost averaging. Or something like: invest on down days 6 different days over the next 6 months. Don't try to be a timer, just invest on down days.
Well their federal money market acct is paying 5.2ish so leaving cash there isnt terrible.
So hard mentally to keep pouring in at the highs. Im currently housing quite a bit of cash in CDs and Money Markets at 5ish %.
Congrats! You just bet on the total United States of America stock market.
USA! USA! USA!
Just load up on hookers and blow, it will guarantee you don’t live to retirement while having fun.
Why I enjoy my employer going to 25% contribution. Previous companies would do 6% match 401ks, but getting straight 25% of salary contribution into retirement is awesome.
