How to Retire with Over $4.3 Million on Only $197 Dollars per Paycheck

It adds up slow, but it adds up is the point. I make money by not spending.

seems like fewer and fewer companies are matching contributions

how much would your tax bill even be on a 200 paycheck (assuming that is weekly), you would probably get money back from the gov anyway

Op and others owe taxes on all their property yet they claim they own it " free and clear".

You do realize that property owners collect tax and do not PAY it? You show me an allodial title or land patent on anything then we can talk. Till then you are another peon in debt to the true owner of all you claim is " free and clear".

There are none so blind as those who refuse to see.

THIS! And, the government is coming for retirement accounts and they will steal this money from you.

Besides, we don't have 40 more years. We will be lucky to have 40 more months before this fiat currency implodes.

This too!. My company no longer matches. What you put in is what you have.

Where the fuck can you get a 10% return on what is essentially a savings account?

This shit might have worked 30 fucking years ago, but we're in a very different paradigm, now!

If I'm making 20K a year, theres no way I can afford to invest my money if I'm scraping by week by week, paycheck to paycheck.

^this^

The insider mofos who made out like bandits bought the 30-year T-Bond in 1980, when it was sporting a 15% (or higher) coupon.

In case you haven't noticed, debt instruments are paying pretty much jack-shit in 2013, and ZIRP shows no sign of ending anytime soon.

You could go all-in on junk bonds, I guess.

5 stars to offset the turd.

Very nice post.
Of course, by the time someone completes this process if they are starting today, $4.3 million will buy a small used car.

And a Happy Meal!

Calculate the actual inflation rate into that over 30 years???!!! Paper currency is really worthless.

Dollars probably won't even exist when you retire.

They probably won't matter in a few years.

Yes, I am familiar with 'The Power of Compounding' and I suggest you subscribe to Dow Theory Letters. Richard Russell, with over 50 years of experience promoting the purchase of stocks based on value - and compounding - will tell you that it isn't working anymore, corruption and manipulation are the norm now. STAY OUT OF THE STOCK MARKET.

It only takes one generational event to wipe you out!

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Tell that to the numerous Americans that had their 401ks wiped out during the financial crisis.

How could a person making that amount of money afford rent, car, food, utilities, clothes, and still have 20% leftover? Ain't happening.

I'm nearly 60, and I figure that the only way I'm going to comfortably retire is by taking a punt.

I'm all-in on physical silver, and mining stocks.

Fingers crossed.

so let me summarize,

wear bacon mask and work 40 years at 10$ hour.

good choices there.....

Todays 4 million is probably wort like 40.000 35 years from now

I'd like to see the companies 401k plan where you earn 10% every year.....Most have limited investment options.

I'd love to hear what all you naysayers are going to do for retirement? A couple hundred ounces of silver? AHHAHAHA! Silver crashes farther and faster than the stock market. Were you asleep during the housing crisis? It's speculator central, and the big money bails, FAST.

As always, the prudent people diversify. 401k, land, silver/gold, ammo......

If the stock market truly crashed, like 60% or more, NOTHING will have value. How many of you are aware of the relationship between silver/gold and the DJIA? If the Dow goes down 50%, silver goes down 90%. If you don't like the idea of a 401k, do an IRA and buy physical gold/silver with it if that's your cup of tea. The basic point remains, pre-tax investing is the ticket to wealth for the average person.

I made nearly 30% last year through Fidelity. Small caps and international investments. It pays to do your homework and have some foresight. Over the last 20 years I've heard it all: I was an idiot for buying gold/silver in 1999, I was an idiot for jumping into the Dow at the housing crisis lows, blah blah blah. I'm to the point now where I am so far ahead of the arm chair critics that it's laughable. Time to drop the top on my Porsche and take a ride, and reflect on my good fortune and hard work. While someone is busy replying that I'm a liar, I'll be listening to the wail of that flat six.....

Like all pension plans, 401Ks are designed to allow investments only in shit that has no return.

For your "financial safety", you understand.

See, YOU took responsibility for your own financial welfare, and congrats!

The vast majority of sheeple just won't go there.

OP is right, but do not make it qualified money.

meaning not in an IRA or 401(k).

save in any other, non-government-sponsored vehicle and do very, very well indeed if you start young.

Then you take it out, touch it, make loans to yourself, etc.
If you want, put it into an IUL policy.

Indexed univeral life policy. best ride out there.

I do an IRA, it's dependable.

It really depends on what your IRA is invested in. People who took IRA invested in mortgages got assfucked pretty hard. Look for a dependable IRA, like one investing in CDs or something. Don't. Ever. Do this. With Bank. Of. America.

IRA is good for tax deferment, but I use taxable mutual funds too because you might want to retire early...also I max out my IRA and need to shove cash into other vehicles.

Tell the gorillas that. They'd run straight to the local KFC for the fried chicken.They don't give a damn about no retirement,then they wonder why they ain't got nuthing.