If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.

    • Toaster@lemmy.world
      91·
      1 day ago
      1. Open a Vanguard account.
      2. Buy as much of the thing called VOO as you can each month.
      3. Come back at retirement age to oodles of money.
    • TheOneCurly@feddit.onlineEnglish
      5·
      1 day ago

      Mutual funds and ETFs are both types of investments that represent a group of individual stocks and are generally managed in some way, either by a person or by a fixed algorithm. Mutual funds have some tax implications that can by annoying for people so ETFs tend to be preferred for taxable accounts (in the US at least).