Investing 102

[Vegas69]

I think they are reading this thread, just not posting. One thing I've learned from my real estate newsletter that I've been sending out for over 5 years is the fact that even if they read it, they don't completely understand the details. Don't take your knowledge for granted. It's a very simple game for you at this stage of your life.

I like the plan to buy a 4-5 year old car from an old lady that only drove it on Sunday cash, and invest the car payment into the market every month. When you don't have debts, you can dip your toe in all kinds of buckets.

I met with my advisor this week to discuss my game plan and additional contributions. One thing we discussed was TAXES. I'm 36, and it's logical to assume that taxes will be much higher when I'm 65. Ten thousand citizens are turning 65 every day in this country and a majority are living on social security, ONLY. It's not a pretty picture... I picked 65 because that's around the time I'll start drawing on SEP, ROTH, and life insurance. I really like the tax advantages of the Roth and life insurance policies at retirement age due to the huge shelter they create down the road. Let's say you have a great year and don't want to bump up into the next tax bracket, you have the option to draw off your roth or life insurance policy to enjoy some tax free income.