What's your retirement and estate plan, /biz/? I don't

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Anonymous
2016-10-31 13:33:03 Post No. 1594733
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Anonymous 2016-10-31 13:33:03 Post No. 1594733 [Report]

What's your retirement and estate plan, /biz/?

I don't make much money, and I've very young still, but I realized that starting now, even if I'm starting small, can potentially have huge impacts on my savings down the line.

Here's my plan so far

>Keep a savings and standard brokerage account so that these funds stay accessible to me no matter what

>Open a Roth IRA, hold stable, dividend-paying equities and reinvest, eventually when I die I can gift this to my future kids or family members and they will receive tax-free distributions until the money is gone

>Acquire real estate and eventually use rental income to cover any and all living expenses (my "retirement" income)

>Hold properties in an LLC, transfer ownership of LLC to heirs when I get old or die

What's your plan?

Anonymous 2016-10-31 13:54:08 Post No.1594758
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Anonymous 2016-10-31 13:54:08 Post No.1594758 [Report]

Sounds like a great plan OP

My plan:
> Start a tech business and/or write trading algoritms
> Invest savings in my own algo
> Invest in real estate when I have the capital

Also need to finish bachelor/master tho currently doing internships

Not sure yet if my master is gonna be finance or EE related.

Anonymous 2016-10-31 13:57:23 Post No.1594763
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Anonymous 2016-10-31 13:57:23 Post No.1594763 [Report]

>>1594733
>but I realized that starting now, even if I'm starting small, can potentially have huge impacts on my savings down the line.

Good job anon. This realisation already puts you MILES ahead of everyone of your peers.

Anonymous 2016-10-31 14:56:11 Post No.1594835
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Anonymous 2016-10-31 14:56:11 Post No.1594835 [Report]

>>1594758
Btw I know this is a 'risky' plan, but I'm going for the 'rich by 30' meme.

Anonymous 2016-10-31 15:34:21 Post No.1594873
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Anonymous 2016-10-31 15:34:21 Post No.1594873 [Report]

>>1594835
What if you fail to get rich by 30? What's your plan then?

Anonymous 2016-10-31 21:42:01 Post No.1595353
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Anonymous 2016-10-31 21:42:01 Post No.1595353 [Report]

>>1594733
My plan is your plan.

Recommend a trust or something o your family doesnt squander your real estate . Trust is what most rich people do because? No offense to your family. Most people dont have the mebtal capacity or the work ethic to properly learn investing.

Good luck anon!

U already ahead by getting shit squared now. Careful with the ira and 401k shit tho as u can suck taxdick multiple times if u fuck it up.

Anonymous 2016-10-31 21:46:35 Post No.1595357
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Anonymous 2016-10-31 21:46:35 Post No.1595357 [Report]

>>1594733
>What's your retirement and estate plan, /biz/?

Nothing. I live in a social-democracy paradise and everything will be taken care of by the nanny-state

Anonymous 2016-10-31 22:08:35 Post No.1595389
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Anonymous 2016-10-31 22:08:35 Post No.1595389 [Report]

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>>1594873
If I fail starting a business or hedge fund I will probably just wagecuck or freelance.
Living pretty frugally but healthy, investing my savings.
Bit the same as you op

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
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