#calculations

How much do I need to retire now? Feels like my calculations could be off.

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How much do I need to retire now? Feels like my calculations could be off. The wife and I are 56 and are planning to retire by 60. But I am wondering if we really have to wait? Our house is not paid off but if I sold it today I would have enough equity to buy something more modest with cash. As we are over 55 I think we can pull from our 401Ks if we are not working. I think if we lived off of our 401K money until we hi…

Reddit Personal Finance 689 2024-04-19

Roth vs Traditional 401k: Do my calculations make sense?

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Roth vs Traditional 401k: Do my calculations make sense? I recently got a new job, and I’m deciding between a Traditional and Roth 401k. I’ve read posts and articles stating that traditional is the way to go for high income earners because it’s one of the best ways to save on taxes. However, I also see some stating that I’d actually be paying more in taxes when I withdraw from a traditional than from …

Reddit Personal Finance 539 2024-04-13

Quick calculations … How can you ever make profit?

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Quick calculations … How can you ever make profit? I’m looking to starting a webshop for handcrafted, local products. But just looking at the startup costs, how do any of you do it? – Setting up WordPress + Woocommerce: 300 euros / year for basic package – Registering as entrepreneur (Spain): 300 euros / month – Running adverts and marketing: Let’s say 100 euros / month That’s about 5000 euros /…

Reddit ecommerce 178 2023-07-28