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  1. M

    Update 33 year old looking to retire at age 56

    I currently max out my 457 at 19.5k a year, max my Roth at 6k a year and I put extra money in my brokerage account when I can
  2. M

    Update 33 year old looking to retire at age 56

    Yes I do have a government job my 1 pension has a cola of 1.5% a year. The smaller pension does not have a cola.
  3. M

    Update 33 year old looking to retire at age 56

    Well I have made a few posts on this site before but I wanted to give everyone a update where I'm at. My salary is now at 103k 457b is at 295k Roth IRA is at 38k Taxable brokerage account is at 11k Between my checking and savings I have 50k At age 67 I'll get a pension that will pay me 80...
  4. M

    31 year old looking to retire at 56 Update

    Thanks for everyone's input....I will check back and give updates
  5. M

    31 year old looking to retire at 56 Update

    So a little more on me. I bought a house a few years ago I owe 145k on it. I currently have 25k between my checking, savings, and rainy day accounts. I have no credit card debit. I recently bought a used car with car payments of 225 per month for 4 years. I have two pensions that I will get when...
  6. M

    31 year old looking to retire at 56 Update

    So I want to give everyone a update of where iam at I'm 31 years old now. I got a raise now I make 100k a year. I quit the part time job. I had no free time to golf or play pool lol. I will max out my 457b account this year of 19k my current account balance is 197k. I will max out my roth ira 6k...
  7. M

    30 year old whose looking for helpful advice to retire at 56

    Hello everyone just giving everyone a update on me I'm still maxing out my 457 and roth ira. I havent started my brokerage account but am looking to do it very soon. I recently got a part time job that pays me 15$ a hour working roughly 15-20 hours a week. I was figuring that with my new income...
  8. M

    30 year old whose looking for helpful advice to retire at 56

    So a update with me I recently up my Roth ira so now I will be maxing out that for the next year. But now I want to start a brokerage account. How and where do I get started with opening one. Who should I set it up with? Thank you
  9. M

    30 year old whose looking for helpful advice to retire at 56

    Thanks for the reply thats what i need to do is figure out my first part of when i want to retire then the 2nd part. That makes alot of sense. I say 56 but maybe i can retire early if the numbers work for me....
  10. M

    30 year old whose looking for helpful advice to retire at 56

    So im looking at my budget and im going to try to max out my roth ira for this year and possibly looking at opening a brokerage account.
  11. M

    30 year old whose looking for helpful advice to retire at 56

    So the earliest i can retire and collect a reduced pension at 62 is with 10 years of service. Thank you everyone for the advice and positive outlooks. I started saving heavily in my 457 when i found out about my pension not being able to collect later in life which i know im fortunate to have.
  12. M

    30 year old whose looking for helpful advice to retire at 56

    No i dont have to till 56 to get the pension. If i work till 56 i get 72% and if i work till age 59 i get 80% my final average salary of my last 8 years working. I can retire earlier but every year i go earlier i lose right around 2.5% so if i would retire at age 55 i would get 69.5% at age 67...
  13. M

    30 year old whose looking for helpful advice to retire at 56

    I forgot to add i also pay into my pension plan that i get at age 67 which comes out to about 9k a year. Thank you for the positive response. I would like to retire possibly earlier than 56 but i figure thats a good age for me to still do some fishing!
  14. M

    30 year old whose looking for helpful advice to retire at 56

    Hi so im a 30 year old single man a d i want to retire at age 56 i make 95k a year who has the following...in my 457 plan i have 155k, my roth ira 10k, cash 20k, im fortunate to have 2 pension plans but... one i will get around 1000 a month when i turn 65 and the other i will get 72 percent of...
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