Retirement plans recommendations for truckers?

Discussion in 'Ask An Owner Operator' started by mitmaks, Jul 21, 2023.

  1. Accidental Trucker

    Accidental Trucker Road Train Member

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    NOBODY "invested" in Bitcoin in 2011. Some people bought it on a lark, some people bought it, speculating it would go up, but INVESTING is something entirely different that tossing money at random things hoping something good will happen.
     
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  3. AModelCat

    AModelCat Road Train Member

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    Now crypto ain't worth ####.
     
  4. Opendeckin

    Opendeckin Medium Load Member

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    Bitcoin has been sitting over 30k for a month after news of Blackrocks crypto etf proposal. It's just dropping into the high 29s today. I've actually been waiting on it to not be worth #### so I can buy more lol.
     
  5. AModelCat

    AModelCat Road Train Member

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    They're regulating the #### out of it here in Canada. The whole appeal of it was because the morons in government had no control over it.
     
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  6. Magoo1968

    Magoo1968 Road Train Member

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    The guys who kidnapped the 20 something year crypto king in Canada are currently in court .. some lost millions to a kid lol
     
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  7. LtlAnonymous

    LtlAnonymous Road Train Member

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    Well, I'm going to have my pension, IRA, 401k and social security to live on, but...I need to be busy, so I think I'll keep selling my carnivorous plants, and tinkering away on computers. Who knows, maybe I'll get a little IT gig in my spare time. I'm learning about containers, firewalls and RSS right now, so... maybe I can be useful.
     
  8. roundhouse

    roundhouse Road Train Member

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    Sure
    Just about anywhere that’s not in a city .

    I have a double wide on 1.4 acres in Hiwassee Georgia ,
    On a dead end paved county road ,
    Has county water with a septic system.

    finally got the latest non paying renters evicted , tired of being a landlord , so it’s gonna be for sale soon for $77k
     
  9. JC1971

    JC1971 Road Train Member

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    I was thinking a travel trailer you can pull rather than a mobile home. Not sure about the legality. I suppose it depends on the local zoning laws.
     
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  10. roundhouse

    roundhouse Road Train Member

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    Yeah

    the zoning is different everywhere .

    The county my place is in doesn’t allow RV lots , but if you have a hoise or double wide , you can have three RVs .

    the next county over in NC allows RV lots , and they rent for more than my doublewide. a private RV lot is $800-900 a month .
     
    Siinman Thanks this.
  11. autopaint

    autopaint Light Load Member

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    Set up a retirement account through a broker like Schwab (or use that current rollover IRA) and weekly auto deduct into your account, even if it's only $50 or $100.

    Even Warren Buffet said 95% of the population only needs to invest in an S&P 500 Index Fund. I believe in this philosophy and invest in Vanguard 500 Index Fund Admiral Shares in my 401K.

    Being 40, don't worry about market fluctuations or corrections. This is dollar-cost averaging. It took me a while to realize the market is always coming back. The government and the FED are always going to prop up the top 1% who own 54% of the stocks, which is why I invested the same amount every week during this last correction.

    At 40, you want market downturns. It's like buying a Prime ribeye at A 10-20% discount.
     
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