How to be a secret UPS Millionaire

[Over70irregs]

A thread on what people are seeing out here to become aware of growing our personal energy as dependable workers. (Not meant to be advice just a collection of stories)

“Put $100 a week in a S&P 500 fund.
At an 8.5% return.
For 35 years.
You’ll have $1,047,000.
Set up automatic deposits and this requires ZERO time.
And in a Roth IRA you’ll pay ZERO capital gains tax.”
-Cade

 

[DOK]

Wish I had known this 36 years ago. But it certainly is true.

 

[IVE GOTTA PACKAGE 4U]

Wish I had known this 36 years ago. But it certainly is true.

The law that has to do with when you retire

How would you like a Black swan event the year you retire and you lose 30 40 maybe 50%?

 

[RangerMan06]

Under the assumption that prices for everything will continue to rise this is true. I personally believe the economy is at a breaking point and an eminent Stock Market Crash is upon us.

 

[HEFFERNAN]

The law that has to do with when you retire

How would you like a Black swan event the year you retire and you lose 30 40 maybe 50%?

Stop acting like these never recovered within a year, let alone weeks
It's the most reliable investment in history

 

[IVE GOTTA PACKAGE 4U]

View attachment 467458
Stop acting like these never recovered within a year, let alone weeks
It's the most reliable investment in history

https://www.cnbc.com/2022/01/21/a-lasting-market-downturn-can-be-big-risk-early-in-your-retirement.html

 

[HEFFERNAN]

https://www.cnbc.com/2022/01/21/a-lasting-market-downturn-can-be-big-risk-early-in-your-retirement.html

C'mon Dude, literal media fear porn

The amount of idiots that cashed out their 401ks during the housing crash was unconscionable.
When you are retiring, you HAVE TO have liquid cash on you, not leave it ALL in the market.
That is why there is a capital crunch in the business world this moment.
All the retired baby boomers pulled their money out responsibly.

 

[MECH-II]

my pension will save me!

 

[HEFFERNAN]

THE HOLY TRINITY
401K
PENSION
SOCIAL SECURITY

 

[IVE GOTTA PACKAGE 4U]

THE HOLY TRINITY
401K
PENSION
SOCIAL SECURITY

Don't forget I bonds

 

[bottomups]

Don't forget I bonds

Don't forget inheritance.

 

[Wally]

$100 A WEEK? Need that money for the truck payment and the $9 breakfast and the $15 lunch I buy every day.

 

[IVE GOTTA PACKAGE 4U]

Don't forget inheritance.

No luck with that on my side that's for sure

 

[Faceplanted]

Lol, imagine thinking 1 million is a lot in the year 2024

lol, Imagine wanting to be a millionaire when your 60

 

[Coldworld]

No luck with that on my side that's for sure

We will set up a go fund me for you buddy….maybe get a few extra hundred dollars as spending money.

 

[IVE GOTTA PACKAGE 4U]

We will set up a go fund me for you buddy….maybe get a few extra hundred dollars as spending money.

Perfect

 

[Wally]

Lol, imagine thinking 1 million is a lot in the year 2024

lol, Imagine wanting to be a millionaire when your 60

It's an extra $5k a month for 20 plus years, so with pension and social security, you are living very comfortably.

 

[I have NOT been lurking]

A thread on what people are seeing out here to become aware of growing our personal energy as dependable workers. (Not meant to be advice just a collection of stories)

“Put $100 a week in a S&P 500 fund.
At an 8.5% return.
For 35 years.
You’ll have $1,047,000.
Set up automatic deposits and this requires ZERO time.
And in a Roth IRA you’ll pay ZERO capital gains tax.”
-Cade

My feeder driver said that word for word

 

[Faceplanted]

It's an extra $5k a month for 20 plus years, so with pension and social security, you are living very comfortably.

To each their own. I don’t want to be wealthy when I’m 55.

 

[GenericUsername]

Under the assumption that prices for everything will continue to rise this is true. I personally believe the economy is at a breaking point and an eminent Stock Market Crash is upon us.

I just woke up (out on injury) and read this as an eminem stock market crash... I'm going back to bed.