How the hell are we supposed to retire?

JimN said:
Yeah, my company contributes $1k/month for our health insurance, and then I pay another like $400-500/month pretax on top of that. It's crazy.
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That's cheap. Does that just cover you? Our coverage costs us (me, my wife and my son) $600/month and the company kicks in $2300/month
 
I am 100% stocks and planning to keep it at 100%.

I think bonds are not a good investment right now. (Low-interest rates and inflation).

Stocks have outperformed bonds by a LOT.

Even a lengthy recession is usually over in 2 years. That is why when we are ready to retire, I think transferring 2 -2.5 yrs of expenses into the money market accounts and keeping the rest of the portfolio in 100% stocks through our retirement.
 
cassinonorth said:
I'm about 95% stock based currently being I'm 31 and not retiring for 15ish years. I'm positive that outlook of when to change allocations and how much would vary greatly if I knew I had (lets say for shits and giggles) a guaranteed $2,000 coming monthly in retirement from a pension.

Pensions are super confusing to me to figure out and most people in the FIRE community really struggle trying to quantify them usually too.
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If you can retire comfortably at 46 or so, good for you! That’s really awesome.
 
shrpshtr325 said:
i started investisng on my own (outside tsp) about the same time, wish i had thrown more money at it when i started off
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I wish I started last year, apparently it was the year of free money. Like, you would have had to try to lose money. I started with a very small amount, just enough for a nicely speced bike. Either I grow that to millions and retire early, or I blow up the account.
 
roc said:
If you can retire comfortably at 46 or so, good for you! That’s really awesome.
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That's my best case scenario based on what I'm saving now and if the market can keep on ticking at the rate it has for a hundred years now.

If things go wrong I can always adjust of course. Worst case I saved a shit ton of money in my 30's and can cruise to a very lavish retirement at 50+ without much issue. Assuming they don't go tearing down the IRA or 401k rules.
 
Mahnken said:
I wish I started last year, apparently it was the year of free money. Like, you would have had to try to lose money. I started with a very small amount, just enough for a nicely speced bike. Either I grow that to millions and retire early, or I blow up the account.
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O shit. I thought you meant April of 20. Thats about when I started. But I started with alot less than you did. Maybe 1k just to see. I'm up over 40% at this point doing nothing
 
cassinonorth said:
That's my best case scenario based on what I'm saving now and if the market can keep on ticking at the rate it has for a hundred years now.

If things go wrong I can always adjust of course. Worst case I saved a shit ton of money in my 30's and can cruise to a very lavish retirement at 50+ without much issue. Assuming they don't go tearing down the IRA or 401k rules.
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I'm setting myself up for 50 as the latest(as in I want to be able to afford it by the time I'm 50) I can afford to retire. My company is notorious for early retirement offerings being part of reorgs.... would be awesome to time it to catch one and get the pension early and be free
 
Mahnken said:
That's only because you're starting at the lows of the covid crash, start in February before the dip and it's up less than 25%.
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Considering it's one the safest investment vehicles you can use for stocks...25% is absolutely unbelievable.

I wasn't going from the lowpoint either btw, just from April because that's what he mentioned.
 
cassinonorth said:
Considering it's one the safest investment vehicles you can use for stocks...25% is absolutely unbelievable.

I wasn't going from the lowpoint either btw, just from April because that's what he mentioned.
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Yep. But he's a beginner and that was his starting point, and he's outperforming the fund. I firmly believe that with a little research and a plan, just about anyone can outperform the market funds.
 
Mahnken said:
Yep. But he's a beginner and that was his starting point, and he's outperforming the fund. I firmly believe that with a little research and a plan, just about anyone can outperform the market funds.
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or lose almost everything, which makes it difficult to recover -

at one point cisco was the largest market cap in the world - outpacing GE.
it went from $80 to $20 in almost no time (the MCI/Worldcom fiasco.) if ya think you are good - go the options route because
you can play both directions. and don't sell a put without a foot.

Stocks can tank badly, the market, not so much.

My kid made his first stock investment a couple days after he turned 18 last Feb. His choice - Nike. Rounded out with , VFIAX.
 
Patrick said:
or lose almost everything, which makes it difficult to recover -

at one point cisco was the largest market cap in the world - outpacing GE.
it went from $80 to $20 in almost no time (the MCI/Worldcom fiasco.) if ya think you are good - go the options route because
you can play both directions. and don't sell a put without a foot.

Stocks can tank badly, the market, not so much.

My kid made his first stock investment a couple days after he turned 18 last Feb. His choice - Nike. Rounded out with , VFIAX.
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I wouldn't recommend anyone have all their eggs in one basket, that's asking for trouble. And like I said, you need to do research and have a plan. Don't go into it blindly. Know some basic chart reading, know how to do a little fundamental research (most of the brokers have great educational videos and courses). When you enter, know where you might want to get out. I have news alerts set up for every position I hold, and can close it out in seconds (I don't think a fund can remove massive positions nearly as easily).
I'm not all that good at this, mediocre at best, but I learn more everyday.
Options are a different animal, I understand the basics, but don't really have the time or motivation to dig too deep into them. I do day trade them though on occasion when there's good news. Like yesterday, between a position I took on Tuesday in SPCE, and the options I traded on SPCE yesterday, my account grew 6%. I was out of the options by 11 so I could go to the water park with the kids. Cashed out 25% of the stocks (in at $36, out at $56) and will let the rest ride until it starts to fall underneath the 10 day moving average, with a hard stop at break even.
Have a plan, execute the plan, buy a boat, haha
 
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