(06-15-2018, 04:06 AM)Senor Fantastico Wrote:

(06-13-2018, 05:55 PM)JagsorDie Wrote: It is funny to me that the idea of a million is some high point to strive for in retirement. A two comma 401k is not something that will last very long by the time i get to the age where i will retire. I understand the premise of the conversation here, but being someone who had do consider a lot of these things at a young age when i was making the decision to remain self employed rather than go for the job i interned for in college i had to take a few steps to plan these types of things. I have a indexed annuity, one IRA, and a 401k that a put a much higher % of my money into than most because i do not have luxury of working for someone who does 401k matching plans(self employed.). I also have 2 IUL life insurance policies that really can be consider savings plans if you consider the interest rates that i receive from them. These are all things that i learned about because my father was always self employed and while he did provide with the resources and people to talk to he is not the one building my retirement. IMO none of these things are difficult to learn about but none of them are taught to our youth while they are in school( at least not on the public level.).

You can match your own 401(k) as a self employed individual, depending on your structure.