Your retirement plans . . .

[hscs]

Think everyone has a different problem to solve. Then again, you can do the following:

 

[Brett327]

Think everyone has a different problem to solve. Then again, you can do the following:
View attachment 44710

I heard they've stopped making that.

 

[Griz882]

Since many are fortunate enough to be earning a decent living (Senior Airline guys that's you). And even if you are AD or Reserves, I am curious to your strategy for reducing tax exposure - prior to retirement as you continue as a high earner.

Assume we have all maxed out IRA/ROTH/TSP, etc. Also assuming empty nester, and no kids to have as dependents.

Take risk in market based investing of savings with the benefit of Capital Gains?
Invest in gov funds/treasuries?
Mortgage deductions?
Tax deferred annuity?


Thanks.

Wait…we’re supposed to have a plan? Screw it, I’ll do it live.

 

[sevenhelmet]

For now, I’m maxing my 401k and hoping the sleazeballs in DC don’t come up with some way to weasel out of the pension they’ll owe me when I turn 60.

My goal is a fully-funded retirement for Mrs. 7 and myself, plus an O5 reservist pension. The latter will become our travel/fun budget if all goes well. I plan to work well into my 60s, so tax exposure will be an increasingly important part of the conversation.

If I’m figuring out later how to leave something behind for my kids, I’ve won the game.

 

[Spekkio]

If I’m figuring out later how to leave something behind for my kids, I’ve won the game.

I like my late great grandmother's approach - die without a dime.

It wasn't about spending recklessly (she was a great depression child and therefore instinctively couldn't bring herself to spend all their savings) but passing on anything that you wanted to while still alive before people start arguing over it after you die.