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/biz/ - Business & Finance

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15510570 No.15510570 [Reply] [Original]

I don't care about getting quick money but I would like to plan for my retirement. Any traditional things you guys might recommend? I'm in my 20's and wish to retire by 55.

>> No.15510622

Take advantage of employer match for 401k. Open an IRA and fully fund it each year. About all you can do.

Otherwise, just buy some crypto on the side

>> No.15510651

kneepads
also pic related

>> No.15510677
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15510677

>> No.15510713

>>15510570
buy holo

>> No.15510733
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15510733

>> No.15510758

>>15510651
What's pathetic about working until an early retirement. Please explain without using terms like "wage cuck" or "Boomer"

>> No.15510768

invent/build something useful and/or start a business, or get lucky as fuck with some retarded ass investment, you have no other options. good luck.

>> No.15510786

>>15510733
I've very much considered stacking silver, I know a friend that made $2600 in one day the other day.

>> No.15510803

I think I came to the wrong place, I have no desire to fuck with crypto.

>> No.15510895

>>15510758
early by your terms. I will unironically an hero if I can not retire 20 years before you do.

>> No.15511251

>>15510570
If the market crashes and if you manage to time it right, you could buy into some dividend aristocrats, put that into a DRIP and let it snowball.

Those are big ifs but the stock market is generally a decent way to make money.

The big factors are how much do you make, how much do you need to live on and most importantly maximizing the percent of your paycheck you save.

Remember the average millionaire has seven income streams, not just one from wageing. Passive income is taxed lower and gets you paid in your sleep.

>> No.15511261

>>15510758
I don't consider 55 an early retirement at all.