Almost 50, after a few boom and bust years, I’m finally debt free, but have zero savings or retirement, and make north of $200K. I have a partner to think about in my plans (so, retirement for two).
Job will let me work from home permanently, so I’m moving to Nevada.
I can aim to max out 401k contributions, and then what? I consider things like side hustles (with my partner) that could generate additional incomes which would go straight to retirement. I considered investing in a B&M business that would generate modest income that could go to retirement but that’s a weird option given pandemic circumstances.
I may be generating more income at some point that would let me pivot to self employment with non-salaried caps on income, but I won’t know for about a year (side hustle generating money isn’t past that “it’ll be stable now” maturity level yet).