Reply to Max out TSP, but make too much for Roth IRAs. How else do we save for retirement?

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Reply to "Max out TSP, but make too much for Roth IRAs. How else do we save for retirement?"

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[quote=Anonymous]Open a brokerage account at schwab, trade, fidelity,  etc.  Start by purchasing high dividend yielding stocks and ETFs. This strategy is best if it can be done within a self-directed IRA so your tax burden will delayed until your retirement era cash withdrawals begin.

Contribute as much as you can and as often as you can.

Reinvest your dividends until you are generating a fair amount of monthly revenues (cash). By this time several years of watching the markets and other trends will have passed. By this time you'll be stock market savvy enough to begin using your revenues to begin picking some out-of-favor stocks. You'll be savvy enough to begin to make some "contrarian" trades that may double or triple over time.

Manage your own retirement fund. No one care about your money more than you do. There is nothing exotic about owning stocks in good quality companies and letting their dividends accumulate over time. Being a day trader is much more exotic and should be reserved only for people who are either very smart or very stupid. Most of us do not fit into either of those extremes.

You can do this . . . it's pretty easy really. It's not rocket science. Pay attention to the world around us and any can become comfortable and perhaps even wealth just by making wise decisions. One last thought - if someone offers you something and it sounds to good to be true - probably is. Start slow and manage your own money. No one crass about your money and your retirement more than you.  [/quote]

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