DollahBillYall
Dryer sheet wannabe
- Joined
- Dec 26, 2006
- Messages
- 13
Hi folks, my wife and I have really been struggling with an issue lately I am soliciting input for. I am 39 and she is 34. We have been maxing out our 401Ks for three years straight and we are considering alternative retirement tracks than the 401K. I am upset with the 401k. Not the returns (12% in the last 6 months), but the fact that:
1. I can't leverage/invest in other biz with it (loan cost is 8%, max 50K, double taxation)
2. I may be in a higher income bracket when I retire
3. I want to retire earlier than 60, as well as does my wife, or at least have the option to try to
4. have a burning desire to make more
*5. our accounts are serperated as well as our age
6. no liquidity, no liquidity
7. edited
I do not have a definite game plan yet, which is why i am posting. Together we can build a pretty good brokerage account in 10 years, but I don't know how to find a good broker with a high ROI.
Thanks -
1. I can't leverage/invest in other biz with it (loan cost is 8%, max 50K, double taxation)
2. I may be in a higher income bracket when I retire
3. I want to retire earlier than 60, as well as does my wife, or at least have the option to try to
4. have a burning desire to make more
*5. our accounts are serperated as well as our age
6. no liquidity, no liquidity
7. edited
I do not have a definite game plan yet, which is why i am posting. Together we can build a pretty good brokerage account in 10 years, but I don't know how to find a good broker with a high ROI.
Thanks -