I am a 22 year old college graduate starting a new job at the start of next month. I was also recently diagnosed with chronic disease that may very well shorten my lifespan (takes an average 15-20 years off my life). With these odds I am most likely not going to be alive for many years after the retirement age of 65.
Instead I would rather use my money to travel the world and enjoy the time that I have now rather than save it for a day that may never come. Unfortunately I just don’t have the time to invest and save, then travel the world during my retirement (which was my original plan).
With this disease, I am no longer planning on having children since I have a great chance of passing it down to them.
What I am asking is how do you recommend I utilize my salary and invest so that I can use that money towards experiences rather than retirement. Do I completely ignore my companies 401(k)? Should I invest in stocks so that I can sell those when I want to take a vacation? Really don’t have any idea what to do.
Submitted September 04, 2019 at 07:01PM by PersonalFinThruwAway https://ift.tt/2LkWr6E
