SingleMomDreamer
Recycles dryer sheets
- Joined
- Jan 27, 2007
- Messages
- 50
I'm 43. My retirement accounts should hit $250k by the end of the year. I plan to continue contributions for the next 7 years, but even at $250k, assuming 10% annual rate of return (aggressive portfolio) and with no further contributions, the time-life calculations put me at $2 million by the age of 65. That's plenty for me as I'm a cheapskate at heart.
I have 11 years left of paying for my house (4.25% interest rate). I just started a small business on the side, which I'm hoping will eventually net $25-$50k annually in a few years. I've been able to fund that investment from cash until this last week when I finally had to tap into the $5k line of credit. But the "big bleed" for the business is over and I hope to see some positive cashflow coming my way in a few months.
I now need to build a portfolio outside of my retirement. I have some individual stocks and seem to have a knack selecting the right stocks at the right time (most of the time), but I'll need to find some less-risky options. What advice do you have in regard to where to put away the pre-tirement income?
Oh, the side business is a small publishing company (just my own books at the moment). I'd like to retire from my regular job at age 50 and sustain the publishing company as a means to exercise my brain and bring in some income. Besides, it's rather fun.
Any thoughts?
Thanks,
Brenda
I have 11 years left of paying for my house (4.25% interest rate). I just started a small business on the side, which I'm hoping will eventually net $25-$50k annually in a few years. I've been able to fund that investment from cash until this last week when I finally had to tap into the $5k line of credit. But the "big bleed" for the business is over and I hope to see some positive cashflow coming my way in a few months.
I now need to build a portfolio outside of my retirement. I have some individual stocks and seem to have a knack selecting the right stocks at the right time (most of the time), but I'll need to find some less-risky options. What advice do you have in regard to where to put away the pre-tirement income?
Oh, the side business is a small publishing company (just my own books at the moment). I'd like to retire from my regular job at age 50 and sustain the publishing company as a means to exercise my brain and bring in some income. Besides, it's rather fun.
Any thoughts?
Thanks,
Brenda