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RE: Be a whale IRL. A retirement account strategy for Steemers in the USA.

in #money8 years ago

Really good information. Very detailed as it case be in a post. I have the 401k, the IRA, and a 457 plan. I started when I was 22. I am 46 now. I can't stress enough to the younger generation to start as early as they can. If they start now with their first REAL job, then they won't even notice it later coming out of their pay checks.

I have put a few hundred dollars in Steem Power and deciding if a monthly transfer would be a good thing. I have been going back and fourth about the idea.

The market has been real volatile as of late. When the news came out about the hack and more people found out about it, the Steem share price jumped big time. I just wonder when this is out of beta and it starts a marketing plan and or hits some of the big news sources, how much of a jump the shares could see. A year or so, how knows how high this could be......

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I agree that starting as early as possible is really important. As Albert Einstein said,

"Compound interest is the most powerful force in the universe".

I recommend having a few sources of income, Steem Power being one. I've invested some money into Steem Power because I believe in the idea and want to support it! It is volatile but hopefully there will be a good reward for the risk!