Niko120 OP t1_jaf3oca wrote on February 28, 2023 at 11:50 PM

Reply to comment by bassjam1 in Should I pay off my mortgage early? by Niko120

We don’t have a 401k unfortunately. We have a profit sharing plan and it sucks. As far as a Roth IRA I’m not necessarily trying to put a big chunk of my money towards retirement at 37 years old. There are still plenty of things we need the money for along the way. I’m definitely going to try to learn more about investments though

bassjam1 t1_jaf4wf9 wrote on February 28, 2023 at 11:58 PM

At 37 years old you absolutely need to be saving for retirement, especially if you have nothing saved yet. You're 25-30 years away from retirement which isn't as far away as it sounds as far as saving. And I'll be blunt, even turning that $70k into $1 million isn't going to be enough.