No. I buy what I need and save the rest. Last year I spent too much through out the year to give a couple people in my life a big Christmas, not this year.
This post was edited by Art Lover at July 10, 2024 6:51 PM MDT
I don't recall the exact figure, but when I hooked up with a financial advisor, I transferred a certain amount from my work 401(K) into a guaranteed annuity. At some later date, I transferred additional funds from work to investment IRA accounts with that same advisor. When I retired, I transferred everything in my 401(K) and it is now invested in a variety of funds and money market accounts. This advisor has done very well for me. His advice and his dead-on investments enabled me to buy my new house in PA for cash so I don't have a mortgage. Of course, my investing has taken place over a number of decades, so my advice to anyone starting out is to invest as much as possible because retirement arrives a lot sooner than you think it will :)
I learned so much from getting financial advice. I thought I was doing fine on my own, but I'm doing so much better now. I thought retirement was going to mean having less to live on, but I actually have more, plus a good cushion for the unexpected.
Same here. I was buying stock for my "play" account. It was money I figured I could stand to lose if I was wrong. I made money (and lost some), but it wasn't until I had an advisor that my holdings became so much more valuable. I'm really glad to hear you're in such a good position.
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