Podcast Appearances
So my spouse and I have been contributing to retirement accounts for the duration of our working lives, sometimes a little less than others. We've been contributing to Roths, particularly early on in our working careers, and then workplace retirement accounts. whenever we had them, so which is most of the time.
So my spouse and I have been contributing to retirement accounts for the duration of our working lives, sometimes a little less than others. We've been contributing to Roths, particularly early on in our working careers, and then workplace retirement accounts. whenever we had them, so which is most of the time.
So my spouse and I have been contributing to retirement accounts for the duration of our working lives, sometimes a little less than others. We've been contributing to Roths, particularly early on in our working careers, and then workplace retirement accounts. whenever we had them, so which is most of the time.
And again, the only significant debt we have right now is a home mortgage and that's all we're expecting to have really going forward. So I'm just curious about what amount we should have saved by age 55 that might allow us to semi-retire and stop contributing.
And again, the only significant debt we have right now is a home mortgage and that's all we're expecting to have really going forward. So I'm just curious about what amount we should have saved by age 55 that might allow us to semi-retire and stop contributing.
And again, the only significant debt we have right now is a home mortgage and that's all we're expecting to have really going forward. So I'm just curious about what amount we should have saved by age 55 that might allow us to semi-retire and stop contributing.
So I feel like we've been in the saving mindset and I'm feeling that we might be near the point where like additional contributions may not be necessary. And I'm not quite sure how to figure out what that amount should be.
So I feel like we've been in the saving mindset and I'm feeling that we might be near the point where like additional contributions may not be necessary. And I'm not quite sure how to figure out what that amount should be.
So I feel like we've been in the saving mindset and I'm feeling that we might be near the point where like additional contributions may not be necessary. And I'm not quite sure how to figure out what that amount should be.
And it's not that I want to retire at 55, but I would maybe consider a step-down phase and just pay our day-to-day bills and expenses and stuff using that until our mortgage is paid off, which should be by the time we're 60 to 65 years old.
And it's not that I want to retire at 55, but I would maybe consider a step-down phase and just pay our day-to-day bills and expenses and stuff using that until our mortgage is paid off, which should be by the time we're 60 to 65 years old.
And it's not that I want to retire at 55, but I would maybe consider a step-down phase and just pay our day-to-day bills and expenses and stuff using that until our mortgage is paid off, which should be by the time we're 60 to 65 years old.
I think it's all of the above. So step down would be, to me, it would be stop retirement contributions, which then means that we may be able to have flexibility in our current roles and whether that goes part-time or how that means because...
I think it's all of the above. So step down would be, to me, it would be stop retirement contributions, which then means that we may be able to have flexibility in our current roles and whether that goes part-time or how that means because...
I think it's all of the above. So step down would be, to me, it would be stop retirement contributions, which then means that we may be able to have flexibility in our current roles and whether that goes part-time or how that means because...
to some degree, I feel like I continue working so that I can contribute to retirement so that at some point I can stop working and I don't, you know, it's sort of the invest my time now and hopefully gain the rewards later.
to some degree, I feel like I continue working so that I can contribute to retirement so that at some point I can stop working and I don't, you know, it's sort of the invest my time now and hopefully gain the rewards later.
to some degree, I feel like I continue working so that I can contribute to retirement so that at some point I can stop working and I don't, you know, it's sort of the invest my time now and hopefully gain the rewards later.
I would say we could be comfortable on less than what we earn right now, given that we're contributing about 20% of our income right now. Okay. Let me rephrase that.
I would say we could be comfortable on less than what we earn right now, given that we're contributing about 20% of our income right now. Okay. Let me rephrase that.