aliassmith wrote:I was talking to an acquaintance the other day about his retirement plans. (Its a different guy than last time).
He has 18 years until retirement. He has some extra cash to work with also.
I pulled out the self directed roth IRA idea. I told him he has until 59 so he can withdraw tax free.
This is what the numbers look like. They can be shifted around for personal use. By the time age 59 comes around you'll make $500k a year. Adjusted for inflation maybe half then taxes.
I dont feel the numbers are unrealistic.
I doubt anyone I tell this to won't do it.
People are always unwilling to put the work in.
They would rather chase the pie in the sky !
How do you know so many people?
I can show this to my kids, explain it to them, blah blah.
The key is still the PERCENTAGE.
None of ICTs kids want to trade.
Even though he made it a stipulation to get their trust funds. Nope.