The secret to saving for retirement.

 

It's been almost exactly five years since my wife and I got serious about saving for retirement and we've had a great five years! Here's how we did it:

1. Stopped mindless spending.
• Canceled Amazon prime, cut out trips to Target, continued to drive our old vehicles, skipped the kitchen remodel, etc.
• We continued to travel using credit card signup bonuses.
2. Set up automatic payroll deduction and started maxing out our accounts. Roth IRAs, 401(k)s, and 457(b). (Over half of our income).
• Started with the Roths first, then the 401(k)s/403(b)s, and finally the 457s. This didn't happen all at once but eventually you may be able to do this too!
3. Invested almost entirely in total US Stock. DIY investing in low-fee index funds.
• Mostly VTSAX (Vanguard Total Stock Market) and U.S. Large Cap funds. We also have a small percentage of total international stock too.

That's it! Simple, no secrets, no advisors, and no games! Let us know if you have any questions!

Nothing presented is to be construed as investment advice. Investment advice can be secured from a vetted Certified Financial Planner (CFP®).When working with a CFP®, it is recommended that s/he sign a Fiduciary Pledge. More information, including questions to ask a planner and a downloadable Fiduciary Pledge, can be found here: https://403bwise.org/education/professional