Anyone on a FI/RE path?

Bear said:
How to acheive $1 million or more for retirement.
— How do I retire with $1 million?
CNN Money

— Start with $10,000 and retire a millionaire
Marketwatch

— Do you need $1 million to retire? Maybe.
CNN Money
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Those articles all talk about achieving that money by retirement. Honestly I think the media is way too soft on non-savers.

The #1 priority after college should be stuffing as much money into retirement as you can. The time value of money and compounding works when you have 30-40 years of time left.

With the pay it is these days, there is zero excuse not to save $18k in your 401k and $5500 in your IRA plus have taxed savings as well. Plus don’t forget the extra $$ company contributions.

The young guys are so lucky, I didn’t even make that much in wages my first year and now they can stuff it away?!? These guys will be retiring with tens of millions if they do it right.
 
wheelsup said:
Those articles all talk about achieving that money by retirement. Honestly I think the media is way too soft on non-savers.

The #1 priority after college should be stuffing as much money into retirement as you can. The time value of money and compounding works when you have 30-40 years of time left.

With the pay it is these days, there is zero excuse not to save $18k in your 401k and $5500 in your IRA plus have taxed savings as well. Plus don’t forget the extra $$ company contributions.

The young guys are so lucky, I didn’t even make that much in wages my first year and now they can stuff it away?!? These guys will be retiring with tens of millions if they do it right.
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Nah man, got to have that 85k F-250 10 man cab to never tow anything and drive around alone in.
 
Bear said:
Agreed, start early, and live within thy means.

The question is where? what per cent to allocate at what risk levels ?
I recommend no load index funds.
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100% S&P 500 index fund, or if you want less risk and less return a target date fund is fine.

18k 401k (Trad or Roth your choice), 5,500 Roth IRA, then put the rest in a brokerage.
 
wheelsup said:
100% S&P 500 index fund, or if you want less risk and less return a target date fund is fine.

18k 401k (Trad or Roth your choice), 5,500 Roth IRA, then put the rest in a brokerage.
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You've got to spread it out further than the S&P 500. I like VTI and VXUS with some VNQ to get some REIT action.
 
Bear said:
one stop trading with Vanguard, or USAA
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It really doesn’t matter but I preferred to have my retirement at one company and banking w/ linked brokerage at another. You never know. I don’t want a compromise hitting all my financial assets.

I linked with my bank because they gave me $1000 to transfer it and it gives me some nice benefits.
 
wheelsup said:
100% S&P 500 index fund
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https://www.consumerreports.org/personal-investing/how-to-choose-an-index-fund/
Picking a fund that tracks the S&P 500 Index may seem like a simple task. After all, an index fund is designed to mirror an index’s holdings, so issues such as a manager’s quality or investment style don’t come into play.

But it’s actually harder than you might expect. There are more than 50 S&P 500 Index funds to chose from.

While all of these funds have identical portfolios, Alex Bryan, director of passive strategies for North America at Morningstar, says that the funds can vary considerably on everything from cost to tax efficiency.
 
Cessnaflyer said:
https://www.cbsnews.com/news/john-c-bogle-on-the-sp-500-vs-the-total-stock-market/
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Lol in the first paragraph

“Of course you are right about these two flaws in the S&P 500, and I agree with your conclusion about "a better way."
But we're left to explain why, over history from 1928 on, the annual return in the S&P 500 has been 10.4 percent while the return on the Total Stock Market has been 10.2 percent (see the Little Book of Common Sense Investing).”

Literally splitting hairs if you are arguing over such a small % anyway, and getting cute putting additional funds in play? Why? If I owned a REIT it would be O and that’s it.
 
Bear said:
https://www.consumerreports.org/personal-investing/how-to-choose-an-index-fund/
Picking a fund that tracks the S&P 500 Index may seem like a simple task. After all, an index fund is designed to mirror an index’s holdings, so issues such as a manager’s quality or investment style don’t come into play.

But it’s actually harder than you might expect. There are more than 50 S&P 500 Index funds to chose from.

While all of these funds have identical portfolios, Alex Bryan, director of passive strategies for North America at Morningstar, says that the funds can vary considerably on everything from cost to tax efficiency.
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Some funds have greater churn impacting taxes, placed in a tax advantaged account such as 401k or IRA it’s a moot point but something to think about if it’s in a brokerage.
 
wheelsup said:
Lol in the first paragraph

“Of course you are right about these two flaws in the S&P 500, and I agree with your conclusion about "a better way."
But we're left to explain why, over history from 1928 on, the annual return in the S&P 500 has been 10.4 percent while the return on the Total Stock Market has been 10.2 percent (see the Little Book of Common Sense Investing).”

Literally splitting hairs if you are arguing over such a small % anyway, and getting cute putting additional funds in play? Why? If I owned a REIT it would be O and that’s it.
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I don't know I'll just keep doing me.

Also, you do hold REITs within the S&P 500.

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I am hoping for about 7 more years to be independent and another 5 years to not having to do anything. I am emulating my parents which have about 95% similar holdings for the past 40 years. They've moved over to total markets when those became available. The problem with the S&P 500 is missing the huge growth of the smaller companies before they can bump off a delisted company.
 
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