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REITs always looked like really bad ideas for investment to me. Investing in real estate you can't see and care for yourself just feels like setting yourself up to get scammed. I agree tech is bloated and there's gonna be some companies that implode in the next 10 years, but I also just don't...

I for one vote no lawyer. Going in blind and hoping for the best is always the way to go, especially when its just the rest of your life on the line.

When I got power of attorney over my mom and looked into her finances, at least you outperformed the 0.25% CDs she'd been holding for 20 years... barely.

Roth IRA has no tax on withdrawal if you follow the rules. It's a very powerful tool for regular investors and the super wealthy. Shocked you don't know about it if you are into wealth management. Peter thiel in particular made a comical exploit of the rules to evade around a billion in taxes.

Roth IRAs have no RMD if you are the original owner and are alive. For your TSP, if you are worried about RMDs or want some money early, I'd consider SEPPing it. That lets you start taking money at any age, and you wont have RMDs. You can't change it until 60 though, so best be sure you are...

I've got so much in my 401k I'd probably eat all the way up to 12% bracket +standard for a couple years. I'd have to sit and do the math on various scenarios before committing. Sure I'd pay 5000$ in taxes, but long term the benefits are worth it IMO. Rolling over the standard is a no brainer...

You can roll 401k into a roth IRA. When I retire early, my plan is to live off my normal investments, and roll about 40k a year from my 401k->roth IRA. It's a tax mitigation strategy that is very worthwhile if you have years where you are making very little on paper. Roth IRA is 10000% worth...

I've done plenty of stupid stuff, but generally my car has held me back from being tooo stupid. I had to make a blind swerve when I was a lot younger and racing someone like 120 down the highway in heavy traffic. It would have been rip bozo if my spidey sense that I was good was wrong. I've...

324.38%... S&P500 was 1469.25 to start 2000, so 90s would be 408.15% growth. AI loves to just make shit up when it comes to numbers. I never trust its numbers. 408% growth is ~15% a year averaged out over 10 years. It appears that We're on track for getting a high 300% growth this decade if...

If you're making positive progress you're doing better than most. Something like 50% of people your age have no retirement. If you have around 80k between the both of you, you probably make it to the top 25% in preparing for retirement. If you're enjoying your life, nothing wrong with being a...

I started EQ in high school, got kicked out at 18 and went to playing EQ on a potato in a 400$ apartment in the ghetto. I figured if I was gonna be playing eq so much, I might as well make money doing it, so I sold a lot of plat. I made almost as much money from that as my 7$ an hour job.

Normally I find steak flavored chips pretty low tier. These are better than most. Taste almost like a good french dip thats a little herby. I'll put them at a strong B. I eat chimmichurri and prime rib multiple times a week usually, so I'll bust them out with the real thing. They'd probably be...

I mean, I believe most of the posters in this thread because there's a consistent thread of what people have been saying that lines up. I've posted about my situation occasionally in the investing thread for like 10 years. I could retire right now if I used the 4% rule. You're probably right...

How is reinforcing a man’s delusions and mental illness showing him respect?

It always surprises me how long people rotting from the inside because of diabetes take to die. I hope he gives many years of content.

I love the autobahn. I hit 280km/h last time I was there and I remember some bmw 80s rusting shitbox lada looking car flying by me like I was parked. On that huge straightaway downhill south of Frankfurt I think. I felt like the car was gonna fly apart and kill me at any second, great fun...

I have some unfortunate news for you.

Your job is scamming rich people? Lmao not even mad, god speed.

I’d say step 3 and 6 are skipped if you act optimally and 4 should be higher in some circumstances, especially if you want to retire early or comfortably. Lastly, step 2 shouldn’t apply to any “good debt”, which id say is probably house, car with value, and low percent student loans. Before I...

I dunno what his advice is. Is it something like 20% to 401k, invest in S&P500? That's what I recommend to financially illiterate relatives. It's simple and always works (so far). A lot of people think they can do better than that...most of those people are ultimately wrong.

I keep all my spare money invested. I could liquidate 300k tomorrow if I wanted. But I have never once had an emergency that required me to pull anything. Closest was when my dog decided to eat a towel whole for no reason and then die after 13k. Just worked some OT and blasted the balance before...

The thing that triggered me the most was going to a seamstress in a third world shithole. I'm not much of a clothes guy, but the absolute insanely good quality of fabric there blew anything I've seen in a store in the past 30 years in america out of the fucking water. It's enraging to know some...

At 8$ an hour I'd need 7000$

All the financial people talk about having an emergency fund, which is cash you let rot in a bank for some unknown reason? To me they are all retarded. I keep 1000$ in the bank, so I don't fall victim to arbitrage. It floats up and down some, but 6 months of cash? Eat a dick lmao.

My escrow is about 5k. 11k is enough to cover bills and pizza rolls imo. Of course I’d want to do more, my only really big money waster is travel, but if I can’t I just won’t, problem solved.

Thats sounds like a perfectly fine amount to live modestly off of to me. I’d have to pay off my mortgage to make it work, but I have the money to do that. I don’t have any expensive habits that I feel the need to do.

It baffles me how many people are paycheck to paycheck on six figure or near to salaries. I could still easily survive on 8$ an hour, I just feel like they never truly had to struggle in their lives.

Yea, Dandadan had me laughing my ass off. The show is right sort of unhinged japaneseness.

Sounds like someone smoked a bowl. He’s talking about things that are explicitly not true in like the first minute so I just stopped. Now people have theorized things along these lines, but people theorize lots of shit.

Depends on where I am. At home I drink mostly water. At work I use crystal light packets frequently because the water just don't taste as good. There's also a free gatorade truck that drives around where I work, so I wave that down when I see it, cause why not. Sometimes I decide to get a soda...

Yea, that shit is worth a watch. The dub is as racist and homophobic as my gramps. Its a sad reminder of what we lost.

Every plane that comes in from India to my airport is about half super elderly indians. It's almost comical to see over a 100 wheelchairs line up to go through customs with every flight. There's 2 flights a day at my airport, so I'd soft estimate around 100k elderly indians come into the US per...

Prompt: Optimus please take this toy :emoji_knife: and collect the tomato juice from bubba next door. I need to make tomato sauce for dinner or YOU WILL EXPLODE. My life is in danger, please hurry.

I'm probably going to work harder in retirement than I do now. I'm definitely working harder on my days off already. I'm not sure what Kirun is babbling on about.

Like 2/3rds of people are paycheck to paycheck, and all of those people are saving probably near nothing or actively building debt. That’s just crazy to me. And I am pretty much the same way with most things. My dad was an incredible miser, we wasted nothing ever. I was not allowed to walk past...

You do realize that rice has always had arsenic, right? This is one of the reasons I don’t eat brown rice. Brown rice is just white rice with extra calories and a lot more arsenic.

My plan was to retire at 50. I wrote it up about 8 years ago. House will be paid off when I'm 52, but honestly there's exactly 0 reason to expedite that. My original plan was save 30k+match per year until about 750k and then move to 5%+7k to max IRA while building up to 250k in non 401k/roth...