Im starting to get anxious...
Im 49 years old & have a very physical job as a heavy line auto tech in san diego dealership.
Only know one work speed & thats fast, try & give 100%. Been doing it for 30 years..
One back surgery under my belt 20 years ago, ruptured L5/S1, degenerative disc disease, & to this day deal with back pain / leg pain issues every day...just keep going!
Im tired, dont handle the stress like I use to...
When I started at the shop few old timers pulled me aside & said you need to invest your money, nobody will take care of you when youre old, SS wont be enough, bla, bla, bla...
Wouldnt listen to my own father when he told me I was being stupid & need to say my money, they lived paycheck to paycheck.
But I definetely listened to these strangers, thats a discussion for another time.
I dont have a plan, dont know what the answers are at this point. Dont necessarily want to sit on the couch at 50 but bottom line is, the job isnt fun anymore & very physical replacing engines, major repairs everyday...
At this point mostly everything is in the market & is invested still in an aggressive growth strategy
Me: total between rollover & roth $771K
Me: taxed brokerage acct $400K
Me: $25k HSA
Me: $200k in current 401k contributing 25%
all my free money goes into vanguard vtsax $25k
along with other various small trading accts, crypto, etc
Only have $18k as an emergency fund, considering dumping majority of that on vtsax also but also know that can be risky...
total $1.8mil
Continue to invest $2k monthly into the brokerage acct now that the house is paid for..
My significant other total between rollover & roth $350K, I started contributing to this recently as shes not in a position to but made some changes to get her on track. Shes going to start contributing $400 monthly into VTSAX moving forward...
Have a 13 year old son & have $25k saved in a taxable brokerage acct & still contributing to it, set aside for college if he decides to go that route.
My personal monthly total expenses is only $1200, house paid for, hoa fees, property tax, home & car insurance for entire household, utilities, internet, cell phone, car reg, cars paid for, etc....
Live well below my means & has always been that way.
The part that scares me is wasting money on health insurance!!
Like I said, dont have a plan & I know ill be fine whatever happens but really dont want to blow this hard earned money & not leave my son something when the time comes cuz I was selfish & threw-in the towel at 50...
paying $1000+ monthly for health insurance doesnt sound appealing!
Ok, think im done rambling
What do the wise people of this great forum that have been down this road say to encourage me
Im 49 years old & have a very physical job as a heavy line auto tech in san diego dealership.
Only know one work speed & thats fast, try & give 100%. Been doing it for 30 years..
One back surgery under my belt 20 years ago, ruptured L5/S1, degenerative disc disease, & to this day deal with back pain / leg pain issues every day...just keep going!
Im tired, dont handle the stress like I use to...
When I started at the shop few old timers pulled me aside & said you need to invest your money, nobody will take care of you when youre old, SS wont be enough, bla, bla, bla...
Wouldnt listen to my own father when he told me I was being stupid & need to say my money, they lived paycheck to paycheck.
But I definetely listened to these strangers, thats a discussion for another time.
I dont have a plan, dont know what the answers are at this point. Dont necessarily want to sit on the couch at 50 but bottom line is, the job isnt fun anymore & very physical replacing engines, major repairs everyday...
At this point mostly everything is in the market & is invested still in an aggressive growth strategy
Me: total between rollover & roth $771K
Me: taxed brokerage acct $400K
Me: $25k HSA
Me: $200k in current 401k contributing 25%
all my free money goes into vanguard vtsax $25k
along with other various small trading accts, crypto, etc
Only have $18k as an emergency fund, considering dumping majority of that on vtsax also but also know that can be risky...
total $1.8mil
Continue to invest $2k monthly into the brokerage acct now that the house is paid for..
My significant other total between rollover & roth $350K, I started contributing to this recently as shes not in a position to but made some changes to get her on track. Shes going to start contributing $400 monthly into VTSAX moving forward...
Have a 13 year old son & have $25k saved in a taxable brokerage acct & still contributing to it, set aside for college if he decides to go that route.
My personal monthly total expenses is only $1200, house paid for, hoa fees, property tax, home & car insurance for entire household, utilities, internet, cell phone, car reg, cars paid for, etc....
Live well below my means & has always been that way.
The part that scares me is wasting money on health insurance!!
Like I said, dont have a plan & I know ill be fine whatever happens but really dont want to blow this hard earned money & not leave my son something when the time comes cuz I was selfish & threw-in the towel at 50...
paying $1000+ monthly for health insurance doesnt sound appealing!
Ok, think im done rambling
What do the wise people of this great forum that have been down this road say to encourage me
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