Submitted by dhebert1980 t3_zvss1g in personalfinance
Hello. 42m. Got literally 6k in savings and that's it. No retirement. Later in the spring I'll have a chance to save because my child support obligations will be fulfilled. My question is with the extra money, what's the best and quickest way to start saving for retirement? I'm a 1099 contractor, so no company 401 k matches or anything, it's all on me. My wife is a W2 employee, but just recently got a steady job a few years ago and has started a 401k and has maybe a little more in savings. Our house is paid for as well as my truck, but she has a car note. Any suggestions are welcome. We like to travel, and go on a few trips a year, nothing extravagant, mainly cheap airbnbs.
Edit. I make around 38k to 42k a year before taxes