Sorry if this is a stupid question. Cross posted in r/personalfinance as well. I've read the wikis about inheritance, 401ks, and windfalls, but I would like to know if it is actually possible to retire early in my situation. I understand money isn't yours until it actually lands in your hands, so I would like some advice about how to plan for early retirement using investments and more stable sources of income instead, as well as advice on if it's actually a good idea to retire this early.
My situation: - 21 years old with upcoming $107,000/yr job in tech after I graduate in 5 months (very stable job with room to grow, but I don't want to be a software dev the rest of my life, I want to branch out) - $150,000 in stock at said tech company, given as part of the signing package - Mother owns an international company of which I will be co-owner of in a few months (I get paid $20,000/month currently, but because of taxes and a 401k account I receive $7,000/month in actual cash. But I don't want to rely on this since her company could go under, even though unlikely) - Roth IRA with ETRADE since 2015 (has $11,000 currently) - $100,000+ in savings from internships, working jobs, signing bonus, and gift money over the years - Zero debt (I know I'm very lucky to have generous parents, I really want to pay them back eventually even though they don't want me to)
My upcoming steps: - Checking in with my future employer's policy on co-owning a company as an employee - Meeting with a financial advisor (but I'm kind of embarrassed to bring up this idea of retiring this early, they might think I'm being cocky, which I am probably being..)
Much thanks for any advice, even if it's to tell me retiring early isn't a good idea! I would really like to know.
Submitted January 21, 2017 at 12:49PM by Guresuu http://ift.tt/2j885n4
