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@otosongphuc I’m assuming that you’ll probably work until approximately 65. If you do, you have time for your money to grow. If you invest your money in aggressive growth mutual funds available in your Roth or Traditional IRA, it would be possible to get a return of ~10% on average over that...

@otosongphuc If I were in your position, I would be exclusively looking at increasing the retirement savings. Put as much into a Roth 401k as you can, regardless of what the match is. You need to play catch up in your retirement savings. Social Security alone is not a good plan and you have...

@resjudicata Both the article and the calculator itself conflates middle class with middle income. This data supports middle income. Middle class is a bit more difficult to define.

@theqom 🤣

@thristyy I’m with you. I bought my first $50k (used) car when I retired at 56. I had a NW in the multi-millions at the time. I never missed out on anything when driving reasonable used cars. I never chased the “Joneses” however, and I never tried to impress the guy (or gal) next to me at...

@optimisticbeliever We are about the same age. I’ve historically been of the same opinion of bonds as you. I’m just now letting them creep up to nearing that 10% level. It’s by design to create a bit of income (I’m retired) and not a hedge. I seem to have a lot of risk tolerance compared...