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Reply to "Retiring on $60k/year"
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[quote=Anonymous]OP, I made $40k only once during my working career living in DC. I retired at 46 which was last year. Every dollar I ever made, I still have it. It's not how much you make, it's what you make with the money you bring home. Absolutely start taking SS at 62 and prioritize your health. Is there a reason you cannot open a Roth now and max it out for 2024 and for 2025? Roth doubles as your emergency fund. You seem to have the cash. This rental of yours needs to stay at $1800 and below and I think it can be done. Think about dog sitting or some very part time job ca $10-$15k is plenty. You can continue adding money to Roth. The fear will disappear when you start investing on your own into Roth. You will learn so much. Put your health first, retire when you planned. It will be ok, but you have to master your money. [/quote]
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