Will look into that.
Upped 401k to 12% and plan to bump it a percentage point every so often until the pain point.
I have always maxxed out my 401k, same with Mr. RooRoo. We paid off our house in 2004, put the saved mortage amount into mutual funds. At the time we did this, everyone looked at us like we were insane moonbats, we didn’t know anyone who had paid off their home.
Thanks to a Trump economy and good portfolio management by Mr Roo Roo, we crossed the 2 million dollar mark in 2017—and that does not include the equity in our paid-off home. Mr Roo Roo took early retirement in 2014, I will be retiring by the end of 2018. We are both 62 years old.
We both have long term care (nursing home) insurance. We pay about $100 per month each for a benefit of $8000 per month(each). A lot of people don’t understand that Medicare DOES NOT pay for nursing home care. You can build up a nice nest egg for retirement and have it mercilessly looted by the cost of nursing home care.
Using the budget app has been yuge, felt like getting a raise. Reigning in the whilly-nilly swiping with the credits cards, even if they were PIF monthly, was the other big thing.