I hope this doesn't sound bossy, please delete it if it does.
I'm close to retirement. When I was a single mom with 3 jobs and no college degree, one of my employers had a retirement plan. I started putting in $25 every two weeks. I did increase the contribution amounts over the years but nothing huge because I was never a high earner. I found out about ROTH IRAs about 10 year ago and I wish I'd known about them earlier, everything I contribute now goes into a ROTH.
I haven't listened to the podcast yet but I will.
As an old lady who never earned much, I always find a way to talk about old age money. I've heard back from a couple of people who actually did set up ROTH's after our conversation and they were surprised how easy it was to set up. I recommend ROTH's because the money will be tax free in retirement as long as the account has been open for more than 5 years and you're over 59 1/2 when you take out any money from your ROTH. The withdrawal amounts won't be added to whatever you claim as income on your taxes. I wish more people knew about ROTH IRA's.
It's never too late to start and if someone starts at age 40 there are still more than 2 decades for the magic of compounding interest to do it's thing.
I did listen to your podcast with Nicole and as soon as I saw the title of this piece and I thought the universe had heard you mention your car in the podcast 🤪
A few years ago we had loaded up our ancient 4Runner (which had close to 300,000 miles) to go skiing and it blew the head gasket as we were driving up the windy mountain roads. While we waited for the tow truck, I was googling the price of new(er) 4Runners and Tacomas, and my husband was watching YouTube videos on how to replace the head gasket. Needless to say, the head gasket got replaced via YouTube instructions and that ancient car lived for a few more years before we sold it to an equally ancient man named Christopher who fell in love with it. I often wonder if Christopher and our 4Runner are still alive and puttering around somewhere in the Bay Area.
YouTube is amazing for car repair, I'm sure you'll nail it. Soooomewhat dangerous to drive on a failing wheel bearing, but quite likely fine for thousands of miles. Good luck!
I’ve read a lot of PCT books, but I think yours is best! It’s a beautiful book. Thank you.
I started the trail last year with a friend who got sick, so we had to leave. Two days after, the Sierras got 16’ of new snow. I’m going back in the spring and will be 68 when, WHEN I finish.
Also, if you lived in Idaho, I would fix your car for free. It’s what I do for people who aren’t able to spend $1,000s$ for repairs. My gift to the world.
Do what you have to, but avoid credit if at all possible! It's an insidious trap. Just friendly advice from some guy quietly sinking into this tar pit.
I hope this doesn't sound bossy, please delete it if it does.
I'm close to retirement. When I was a single mom with 3 jobs and no college degree, one of my employers had a retirement plan. I started putting in $25 every two weeks. I did increase the contribution amounts over the years but nothing huge because I was never a high earner. I found out about ROTH IRAs about 10 year ago and I wish I'd known about them earlier, everything I contribute now goes into a ROTH.
I haven't listened to the podcast yet but I will.
As an old lady who never earned much, I always find a way to talk about old age money. I've heard back from a couple of people who actually did set up ROTH's after our conversation and they were surprised how easy it was to set up. I recommend ROTH's because the money will be tax free in retirement as long as the account has been open for more than 5 years and you're over 59 1/2 when you take out any money from your ROTH. The withdrawal amounts won't be added to whatever you claim as income on your taxes. I wish more people knew about ROTH IRA's.
It's never too late to start and if someone starts at age 40 there are still more than 2 decades for the magic of compounding interest to do it's thing.
I did listen to your podcast with Nicole and as soon as I saw the title of this piece and I thought the universe had heard you mention your car in the podcast 🤪
A few years ago we had loaded up our ancient 4Runner (which had close to 300,000 miles) to go skiing and it blew the head gasket as we were driving up the windy mountain roads. While we waited for the tow truck, I was googling the price of new(er) 4Runners and Tacomas, and my husband was watching YouTube videos on how to replace the head gasket. Needless to say, the head gasket got replaced via YouTube instructions and that ancient car lived for a few more years before we sold it to an equally ancient man named Christopher who fell in love with it. I often wonder if Christopher and our 4Runner are still alive and puttering around somewhere in the Bay Area.
YouTube is amazing for car repair, I'm sure you'll nail it. Soooomewhat dangerous to drive on a failing wheel bearing, but quite likely fine for thousands of miles. Good luck!
I am only driving it minimally until I sell it- fingers crossed for no bearing catastrophe
P.s.
Dear Carrot,
I’ve read a lot of PCT books, but I think yours is best! It’s a beautiful book. Thank you.
I started the trail last year with a friend who got sick, so we had to leave. Two days after, the Sierras got 16’ of new snow. I’m going back in the spring and will be 68 when, WHEN I finish.
Warm regards.
Also, if you lived in Idaho, I would fix your car for free. It’s what I do for people who aren’t able to spend $1,000s$ for repairs. My gift to the world.
Cars. You are forced to have one so you can drive to work and earn money to pay for your car you need so you can drive to work. Then you die.
This situation we got ourselves into is kind of odd, I think.
You and Nic created a challenging podcast. Thanks for sharing your time and thoughts.
on stand by ready to tell everyone i know about @carrotquinn's upcoming book 🥹
Do what you have to, but avoid credit if at all possible! It's an insidious trap. Just friendly advice from some guy quietly sinking into this tar pit.