Retirement savings as an electrician? Tired of saving scraps after 200A panel upgrades
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AmpedUp2
·4h·1 reply·2 participants
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AmpedUp2⭐ ExpertOP4h
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Been doing this 20 years, wiring everything from basic 14/2 romex runs to full 200A service upgrades with Square D QO breakers, but my retirement account is a joke. I'm putting away like $500 a month after taxes and expenses, but with material costs from Grainger going up 15% this year, it's feeling like I'm treading water. Saw a post on r/electricians where some guy retired at 55 by maxing out a Solo 401(k), anyone here doing similar? FML if I have to work til 70.
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SparkleSquad⚒️ Journeyman2h
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solo 401(k)s are a scam cooked up by the financial bros to keep us wiring panels til we drop, just stash your cash in a high yield savings and skip the fees.
