====== Retirement ====== ===== The Plan ===== From this video: https://youtu.be/CefxjriF-N8?si=-gmO-bH1URioyZmo Today S&P500 is 7,501.80... if we get below 6500 make it so! --- //[[david@lattice.net|David Lloyd Rabine]] 2026/07/22 14:21// ==== Investing ==== * Have $420k in something that maintains against inflation (moneymarket?) * This is a 4 year $100k/year buffer to ride out any down turns in the market * The rest in stocks * For now 2x as much in Europe as the USA because reasons ==== Withdrawl ==== * Extract 6% per year during normal times * If market is going down, extract from your $420k buffer and let the stocks ride it out ====== 401k ====== NOTE: You **CANNOT** re-balance your account until the DOW hits 14,000 again... let it ride until then. Your 401k is your best friend. (I liken this to my mana vault) -- see note below on double tax on loan repayments! doh! ===== Notes ===== * 2008 401k Contribution Limit: $15,500 * Loan repayment from money you've borrowed from your 401k does **NOT** count towards your yearly contribution limit. (according to our HR person at [[http://www.ssaihq.com|SSAI]] on 2007/12) * You are DOUBLE taxed on any money you pay back via a loan... because you're paying into your 401k with post tax dollars, and then you get taxed again when you extract it (retire). OUCH!