401k, roth, TSP (.gov) and other retirement non tangibles

I pulled my 401k and invested it in long term storage food, specifically beef, and a place to put it. Turns out that beef will last 20 years and multiplies similarly to compounding interest.

 

I have enough land to raise at least several cattle but I don't know anything about them.

If I was going to buy cattle I would probably wait till weaned calf prices are way down like earlier this year and buy some.

I identified live stock, especially cattle as one of the "goods" you could buy and invest in or hord that you can spend and trade with later on almost as good as if it were cash.

 

I am in IT by trade and this is my second attempt at raising cattle; it has been a learning experience. The first time I bought a few cattle but did not have a good way to feed them through the winter and ended up buying a lot of hay and feed. I eventually sold them and decided next time I would buy the hay equipment first then buy the cows. This time I bought the (old used) equipment first and made sure I could produce more hay than they needed. The other big mistake I made was feeding them feed instead of hay. Feed is expensive and they do great on just grass/hay and a good mineral feeder, some of them are so fat they can hardly walk. Chickens on the other hand I feed corn. A 50 pound bag of cracked corn will feed a dozen chickens for a long time especially if they are free range. During the summer the chickens will lay enough eggs to pay for a bag of corn in 2-3 days.

 

I'm going all roth.
I was going 50/50, half going to the roth and half going to the 401k.
Not any more.

 

I was wasting time at work watching my money do nothing, locked away in the bonds funds so I decided to start the Roth withdraw process and see how far I could get with out actually having to lock in a withdrawal.
It was to be expected, got all my info updated but I didn't know I could only take out the portion I had saved, about half.
With the dot gov TSP I had the full amount available since there were 0 employer contributions.
Just something to consider.

 

i have decided that it's none of the government's business whether or when I retire. Any tax benefit I might get from jumping through the loopholes is overwhelmed by the fact that they get to tell me what I can do with my own money.

Besides, I don't see how you can expect to lose Socialism Security but still think they're going to let you keep your retirement accounts.

I put in the minimum amount to get the full match, but that's just to make them happy, it's not serious money.

Bottom line is there has never been the possibility that all those Boomers were ever going to be allowed to retire like they were promised. It hasn't played out in it's entirety yet but the money they think they will have has already been stolen, they just don't know it yet. They still think they have socialism security "accounts".

 

I got to practice my retirement/SHTF plan for eight weeks this past fall. Other than the weather and the storm damage it wasn't at all unpleasant, and is already sustainable. I've diversified, established multiple income streams (some are trickles) and reinvest much of my current income. I followed some very bad choices with some very good ones in my youth, and that allowed me to retire the first time at 38. "Prepping" has pointed me toward investments in stuff I can touch and stand on that will always have value.

Life is good.

 

I maxed out my 401K - it is now 48% of my taxable income. This is offset my SS payments.
I sucked it up for 23 years in the USAF, so have a pension coming in as well.

Instead of worrying about saving a lot in years past, I busted hump to be debt free.... My biggest expense today is paying the Gov their cut of Vig....

 

Anyone who had a personal shtf and a big 401k they could withdraw against due to the bullshit virus plandemic just suffered a minor setback instead of a full reset for everything.

 

Took out the maximum loan on my TSP just before stocks got hit then bought in when they dropped. Saved myself a Yuge loss.

 

I haven't touched my TSP yet.
I'm tempted to cash it out and buy a couple of machine guns.

 

This is how it will end.
When the food price spikes people will start raiding their 401k accounts to buy food, everyone locked in runs to bonds.
Stocks implode.


Hopefully I will be back in ammo, silencers, gold, silver, heavy weapons, energetic materials, ect.

 

I've been debating with myself if I should retire at 66 and bank my SS checks until I quit working or work until I'm 70 in order to get a larger check in case they reduce my benefits by 20-25% in 2035. Both have their benefits, the first would give me a lower check but a tidy little nest -egg (assuming that I continue to work), while the later would maximize the amount of my check and could also provide for savings if I continue to work past 70. Decisions, decisions!

 

I just want to make sure I have all my bills paid off asap and have something put back if times get tough. Maybe this virus crisis wome a lot of people up to how fragile society truly is. If things get back I just want to be able to keep my family and friends safe and hopefully be a help to my community and not another mouth to feed.

 

I have been watching people die/ retire for a long time. Definitely retire as early as possible.
The longer you try the sick it out thr harder they are going to try to fuck you. For example the "affordable care act". It delayed or canceled retirement for tens of thousands of people because all of a sudden the group of people who uae healthcare the most couldn't afford health care.
Was it a conspiracy to delay millions of people from retiring and imploding the markets, I don't know but it definitely kept a lot of people from retiring.

 

I'm in my early 60s and in good health. The people in my family tend to live a long time, sometimes too long, unless they smoke and I don't. I never had a 401k or IRA, so my Social Security check is going to be about 90% of my retirement income. Everything is paid-off. I know a lot of people that begin collecting Social Security at 62 and continue to work, but their check is forever locked-in at the minimum amount. If these people don't die before they quit working I don't think they will make it! I don't want to one of those people! In addition, unless Congress gets its act together, Social Security benefits will be reduced 20% or more in just 12-15 years. My biggest fear isn't dying on the job with money in my pocket, but living and not having enough money to pay the cost of living!

 

That was the folks that lost so much of their savings in the Great Recession and that wanted to retire before the age of 65!

 

Through the late 1990s and early 2000s the idea was you font have to save as much money, just keep everything in the stock market and you can retire early and have more money. That was a stupid idea. People who lost a large portion of their retirement during obamas "it's technically not a recession" economy had that money in stocks.

 

Skip to 11 minutes to see the new plan to screw you.
I said something to the effect of:

Well my conspiracy theory just gave birth.
@11 minutes.

 

Cousins plan is to retire at 62 and then drive a dump truck for 200 bucks aday cash.
He may just make it?