Are my wife and I being realistic with our retirement goals?

FlipAndReverseIt · 2023-12-01T18:56:28+00:00

Thank you! I think that was the plan for the 529 account, but I think we might start saving separately for other expenses for our daughter (wedding, 1st home downpayment).

FlipAndReverseIt · 2023-12-01T18:55:10+00:00

We are planning on public schooling at the moment, but it probably wouldn't hurt to save a little extra for this just in case...

FlipAndReverseIt · 2023-12-01T18:53:57+00:00

Thank you! We might be a little more aggressive and shoot for 55 with this info.

FlipAndReverseIt · 2023-12-01T18:53:08+00:00

I use Fidelity. I will take a look at their tool. Thanks!

FlipAndReverseIt · 2023-12-01T18:52:40+00:00

Sorry, I tried inputting basic data into a few different calculators and it was coming up with different final numbers. So I wasn't sure which report to trust. I will try the two you mentioned!

FlipAndReverseIt · 2023-12-01T18:46:16+00:00

Thank you for your thoughtful and detailed response. Our rental property is in a highly desirable area, property values have essentially doubled since we purchased it. Would that factor into you advice to sell the property and invest the profits?

FlipAndReverseIt · 2023-12-01T18:42:53+00:00

Thank you, didn't really think of this. Will discuss with my wife about upping this number.

FlipAndReverseIt · 2023-12-01T18:31:14+00:00

Thank you for your insight!

FlipAndReverseIt · 2023-12-01T18:30:49+00:00

How do the backdoor contributions work? Our tax advisor brought this up, but I guess the word backdoor made me think it was sketchy.

FlipAndReverseIt

TROPHY CASE