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Reply to "Typical American Career path - esp after 50"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Everyone has had fancy high paying jobs, but few prepared for layoffs. I retired way before 50 having made minimum wage or less my whole life. Investing is the way to go and it has been available to all of you. Don't put all your money into retirement account making money for the company offering it. You can't touch that money, you can't trade, and if you can't buy and sell, you won't learn anything. [/quote] This is excellent advice (learned the hard way). [/quote] Keeping cash to trade out of retirement accounts will incur much higher taxes. And most people can’t trade better than indexes, how is this excellent advice??[/quote]
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