Hey Guys, I introduced myself originally in the young peoples thread. ( hence pt 2)
Anyways, I am 19 soon to be 20. When I was 18, I opened a Roth IRA that now has 8500 in it. I have also put away over 15,000 in taxable accounts. I am also currently going to college, and I work part time during the year and full time during summer. I am soon to open a individual Roth 401k, as under tax law I am considered a sole proprietor since I sell or "donate" my blood platelets weekly. This will allow me to put about 2000 into it every year that I donate blood. I really like the idea of retiring when I am about 50. I don't want to retire sooner than that because I am afraid that I would run out of things to. I know I have a long way before then and I don't know what the future will bring. I just know that if the world doesn't collapse or we blow ourselves up, I should have a comfy retirement. Members who commented on the other thread were worried that I had no life and to enjoy it more. I do manage to get out and do many things that I enjoy, go to a few parties, etc. I also have a few hobbies ( fishing, kayaking, boating, gardening etc.) It is wonderful to find a place with other like minded folks.
Anyways, I am 19 soon to be 20. When I was 18, I opened a Roth IRA that now has 8500 in it. I have also put away over 15,000 in taxable accounts. I am also currently going to college, and I work part time during the year and full time during summer. I am soon to open a individual Roth 401k, as under tax law I am considered a sole proprietor since I sell or "donate" my blood platelets weekly. This will allow me to put about 2000 into it every year that I donate blood. I really like the idea of retiring when I am about 50. I don't want to retire sooner than that because I am afraid that I would run out of things to. I know I have a long way before then and I don't know what the future will bring. I just know that if the world doesn't collapse or we blow ourselves up, I should have a comfy retirement. Members who commented on the other thread were worried that I had no life and to enjoy it more. I do manage to get out and do many things that I enjoy, go to a few parties, etc. I also have a few hobbies ( fishing, kayaking, boating, gardening etc.) It is wonderful to find a place with other like minded folks.
