Way back on my bir’day, Scott bought me some fancypants yarn that I started working into a wavy scarf. Seven months, 5.5 feet of unstretched scarf (and most of a blanket and two dice bags…) later, I have a scarf, currently blocked out on my roommate’s floor.
Hey, he wasn’t there at the time. Not my fault he came home that night after I went to bed.
I’m not keeping the scarf–it’s going to my much more colorful sister–but I’m really proud (and glad!) it’s done. Aside from the little dice bags to break up these longer projects, this is my first sizable finish since I started back knitting/crocheting last fall.
I had no idea that there were traditional or Roth 401(k) options for the self-employed. I figured that Greg was due to be stuck with only IRAs, as well as a tangle of alphabet soup even I didn’t want to swim in: SEP-IRAs, SIMPLE IRAs, Keoghs, spousal IRAs.
This totally changes our game plan, even though we won’t hop to a 401(k) immediately.
This is the second of my Bogleheads’ Retirement Planningseries.
“Investment Policy Statement” a hoity-toity term for “make a contract with yourself on how you’ll invest”. What’s your risk tolerance? What allocation of investments do you want to maintain? How often will you rebalance? What’s your goal? How often will you reassess your goal?
I’ve had these things in my head, shuffling them around as I researched and toyed with percentages and numbers. What they weren’t was written down.
This is the first of my Bogleheads’ Retirement Planningseries.
The ultimate question is simple: how much do I need to have when I “retire” to be able to live for decades on the proceeds?
It’s worth getting over the hump of the definition of retirement, because it always seems to come up as a side topic in retirement discussions. Retirement, to me, isn’t buying a boat and spending all day golfing.
…Especially since I’d rather just take a group walk through a park instead of hitting and chasing a small ball in the process.
To me, retirement is getting out of a 40 hour a week job and working on things I love, even if they’re less profitable. That might mean I only work 15 hours a week for pay. Or that I publish a novel every couple of years, rather than racing to meet deadlines. Or that I join the Peace Corps and do something, you know, useful.