Hey guys,
I'm wondering if you guys wouldn't mind giving me some of your thoughts. I'm 29 years old, have a good job, and lots of ambition. However, the LAST thing I want to do is have to push shopping carts in the grocery store parking lot when I'm an old man. I'm doing whatever I can to make sure that I'm able to retire early, and comfortably.
With that in mind, I'll get right to the point. Can you guys tell me what you think about where I'm at in my investing goals?
This is my breakdown:
~$5,000 in Money Market Savings
~$25,000 in 401ks / IRAs / Investment Accouunts
~$1,000 in US Savings Bonds (E, EE, and I)
Now, my goal is two-fold. I'd like to have AS much money in retirement as I possibly can, while at the same time, not affecting my quality of life NOW. It's not difficult for me right now, but I do not have kids yet (and I plan to).
I would ideally like to retire at age 50-55 (whatever seems more feasible in terms of extracting money from retirement accounts). Which basically gives me another 20-25 years of working. At this point, I might continue to work, but I would like it to depend more on want rather than necessity.
I also own a fairly decent home in Fort Lauderdale. (Bought at the perfect time). I own three acres of land in Deming, New Mexico, and 1.5 acres of land in a developing area in Okeechobee, FL.
Based on my age, my goals, and my financial assets now... I'd be interested to hear where you think I'm at, how I can improve, and whether my goals are too far fetched, or if I need to be giving more. My current job does NOT have a matched 401k, but they do offer a pension. Instead, I put my own money now into an IRA.
Thanks guys...
I'm wondering if you guys wouldn't mind giving me some of your thoughts. I'm 29 years old, have a good job, and lots of ambition. However, the LAST thing I want to do is have to push shopping carts in the grocery store parking lot when I'm an old man. I'm doing whatever I can to make sure that I'm able to retire early, and comfortably.
With that in mind, I'll get right to the point. Can you guys tell me what you think about where I'm at in my investing goals?
This is my breakdown:
~$5,000 in Money Market Savings
~$25,000 in 401ks / IRAs / Investment Accouunts
~$1,000 in US Savings Bonds (E, EE, and I)
Now, my goal is two-fold. I'd like to have AS much money in retirement as I possibly can, while at the same time, not affecting my quality of life NOW. It's not difficult for me right now, but I do not have kids yet (and I plan to).
I would ideally like to retire at age 50-55 (whatever seems more feasible in terms of extracting money from retirement accounts). Which basically gives me another 20-25 years of working. At this point, I might continue to work, but I would like it to depend more on want rather than necessity.
I also own a fairly decent home in Fort Lauderdale. (Bought at the perfect time). I own three acres of land in Deming, New Mexico, and 1.5 acres of land in a developing area in Okeechobee, FL.
Based on my age, my goals, and my financial assets now... I'd be interested to hear where you think I'm at, how I can improve, and whether my goals are too far fetched, or if I need to be giving more. My current job does NOT have a matched 401k, but they do offer a pension. Instead, I put my own money now into an IRA.
Thanks guys...