Roger at UPshot Wealth 🚀

In 2 years went from $0 to a six-figure net worth. By the age of 35, I grew it to seven figures. Now I’m sharing what I learned. Want to learn with me? 👇

[Roger at UPshot Wealth 🚀 @upshotwealth]

🔥 My Retire Early Plan 🔥
Retire @ 50

- How I plan to leverage my retirement accounts early
- How I plan to incorporating my brokerage account

//THREAD//

[Roger at UPshot Wealth 🚀 @upshotwealth]

@DivvyUp_King Gotcha. We live ours it’s been great. And just selective posting for now :)

[Roger at UPshot Wealth 🚀 @upshotwealth]

@BestInterest_JC Congrats Jesse!!!!

[Roger at UPshot Wealth 🚀 @upshotwealth]

@TheIndy400 @RealFrugalMogul @Budgetdog_ That’s my understanding as typically that is what is used. But wait for the official details to come out.

Then game plan :)

[Roger at UPshot Wealth 🚀 @upshotwealth]

@RealFrugalMogul @Budgetdog_ 💡to look into: Put more into traditional 401k or HSA (if you have one) so that your taxable income is below the threshold.

[Roger at UPshot Wealth 🚀 @upshotwealth]

@401k_Maxi @thewealthdad All things being equal, the reasons retirement plans ‘can’ be better are that employers could auto subscribe you and money comes directly out of paycheck.

For some that is big because they never saw the money to begin with.

[Roger at UPshot Wealth 🚀 @upshotwealth]

@Kyle_401k_Maxi @Investmentkage My plan.

[Roger at UPshot Wealth 🚀 @upshotwealth]

🔥 My Retire Early Plan 🔥
Retire @ 50

- How I plan to leverage my retirement accounts early
- How I plan to incorporating my brokerage account

//THREAD//

[Roger at UPshot Wealth 🚀 @upshotwealth]

And if you find the numbers to be shocking don’t fret. You have more information now at your disposal to make better decisions.

It’s not how you start but how you finish.

[Roger at UPshot Wealth 🚀 @upshotwealth]

401k Lifetime income estimate 🧵

What it is
How to find it
Why you should care

[Roger at UPshot Wealth 🚀 @upshotwealth]

Why should you care?

Simply put because it gives you a better view of how much money you’ll have on a month to month basis.

Understanding how far
$100k
$200k
$500k
$1M
…

Goes when you need it to last 20-30 years goes along way.

[Roger at UPshot Wealth 🚀 @upshotwealth]

@DivvyUp_King @UncommonYield @FilledWithMoney Of course you can retire at 30 with $1M.

Keep your skills sharp though as you’ll be back in the workforce at 40.

[Roger at UPshot Wealth 🚀 @upshotwealth]

@Kyle_401k_Maxi @Budgetdog_ 100% Kyle. 100% :)

Hope you’re doing well!

[Roger at UPshot Wealth 🚀 @upshotwealth]

@theficouple @Budgetdog_ Next time we see 2% rates 😂

[Roger at UPshot Wealth 🚀 @upshotwealth]

Many will say move to an IRA.

Consider:
-401k existing management fees
- fees of the funds you hold
- do you actually wanna change the investment?
- will this disqualify you from future backdoor Roth IRA bc of pro rata rules? (Assuming traditional 401k moving to traditional IRA)

[Roger at UPshot Wealth 🚀 @upshotwealth]

@Kyle_401k_Maxi Nice! At first thought it was a Tripel seeing that 9% :)

[Roger at UPshot Wealth 🚀 @upshotwealth]

@MattRumancik Many will say move to an IRA.

Consider:
-401k existing management fees
- fees of the funds you hold
- do you actually wanna change the investment?
- will this disqualify you from future backdoor Roth IRA bc of pro rata rules? (Assuming traditional 401k moving to traditional IRA)

[Roger at UPshot Wealth 🚀 @upshotwealth]

@BestInterest_JC @SpiritofPines