THE RISK OF DOING NOTHING...
TOO MANY TRUCKERS SPEND 20–30 YEARS ON THE ROAD
Only to retire with nothing.
No retirement. No savings. No plan.
WHY THIS PLAN WORKS
We drive 70+ hours a week.
We don’t have time to chase stocks, news, or markets.
Professionally managed funds
Underperformers removed automatically
Invest consistently and let it compound
The Strategy:
Invest like it’s a bill.
You already pay for fuel, insurance, and your truck. Now it's time to add one more monthly bill, the one that pays you back in the long run. This plan is simple. It doesn’t care how much you have in the bank right now. It just asks you to start somewhere, and stay consistent.
Step 1: Pick your monthly amount
Start with what you can commit to:
$500, $1,000, $2,000, or $3,000/month.
Step 2: Divide it across all accounts
You’ll fund each account at the same time, every month, just like bills. No need to max one out before starting another. As your contributions grow, you can always adjust, or speak with a Fidelity advisor to optimize your long-term strategy.
Step 3: Stay consistent - no matter what
This isn’t about timing the market. It’s about consistency.
Market is high? Keep investing.
Market drops? Keep investing.
Life gets busy? Keep investing.
Because this is the only bill that pays you back. Stick to the plan. Stay long-term.
The results will come.
4. Solo 401k – The Long-Haul Strategy
Only start after building strong financial footing:
$25,000 emergency savings
$75,000 invested in Roth + brokerage
$200,000+ total net worth
Every dollar over $3,000/month can be invested here for maximum retirement growth. Only lock money away when your foundation is solid.
Why This Structure?
Because truckers need flexibility, not complexity.
Most financial advice online doesn’t match our reality we’re on the road, juggling bills, and don’t have time for 20 step plan.
This strategy is built for real life:
It doesn’t require perfect timing.
It doesn’t ask you to lock up all your money before you're ready.
Instead, you:
Pick a monthly amount you can commit to.
Spread it across four simple accounts (Term Life, Emergency Fund, Roth IRA, Brokerage Account).
Focus on consistency, not perfection.
Once you're financially solid, you can level up and add more advanced tools like a Solo 401k or professional advisor support.
Lets build wealth, step by step, with a structure that respects your lifestyle and your hustle.
Allocations
$500
Starter Tier
You're no longer just surviving, you're building protection, savings, and tax-free retirement growth.
Term life: $40
HYSA (Emergency Fund): $60
Roth IRA: $120
Brokerage Account: $280
Protection + Growth + Liquidity.
$1000
Foundation Tier
Build wealth with flexibility and breathing room, nothing locked up.
Term Life Protection: $40
Emergency Fund (HYSA): $100
Roth IRA: $250
Brokerage Account: $610
Protection, growth, and total control over your money.
$2000
Growth Tier
You’ve built the habit , now you’re accelerating wealth with control and purpose.
Term Life Protection: $40
Emergency Fund (HYSA): $200
Roth IRA: $500
Brokerage Account: $1,260
Tax-free growth + full liquidity.
$3000
Retirement Launch Tier
You’re leading your financial future with discipline, flexibility, and unmatched consistency.
Term Life Protection: $40
Emergency Fund (HYSA): $300
Roth IRA: $583
Brokerage Account: $2,077
Full control over cash, taxes, and long-term growth.
Step: 1
Term Life Insurance
Protect your loved ones if something happens to you. Strategy: 10 - 20 year term policy Suggested Coverage: $500,000 – $1,000,000 Average Cost: $30–$50/month Living Benefits: None Tax-Free Payout: Yes (to beneficiaries) Payout Protection: If you pass away, your loved ones receive the full benefit creditors can’t touch it. Passes to Family: Yes, tax-free Tax Documents Required: None Recommended Provider: Ladder
Step: 2
HIGH-YIELD SAVINGS ACCOUNT
FDIC-insured savings that earns 4–5x more interest than regular banks. Purpose: Emergency fund for breakdowns, slow weeks, or unexpected expenses Strategy: Save 3–6 months of expenses; use only in emergencies Ease of Access: Instant withdrawals, low friction Tax Status: Interest is taxable Tax Docs: 1099-INT issued if you earn over $10/year Bankruptcy Protection: Yes, FDIC-insured up to $250,000 Pass Down to Family: Yes , use POD (Payable on Death) designation Recommended Bank: Ally Bank
Step: 3
ROTH IRA
Fund your account & buy: FNILX Fidelity ZERO Large Cap Index Fund U.S. large companies | 0% fees | Built for long-term growth We don’t have time to watch markets or chase news. Instead, this fund is professionally managed, Underperformers are removed automatically. You just invest consistently and let it compound. FNILX includes companies like Apple, Microsoft, Amazon, Johnson & Johnson, Visa, and Procter & Gamble, proven businesses with strong long-term performance. Purpose: Build wealth now — withdraw tax-free later Strategy: Contribute monthly. Don’t touch it until retirement. Stay consistent. Max Contribution: $7,000 per year Average Monthly Contribution: $100 – $583 Tax Treatment: Contributions are taxed now Growth and withdrawals are 100% tax-free after age 59½ Withdrawal Rules: Contributions: Can be withdrawn anytime - Earnings: Must wait until 59½ to avoid penalties Bankruptcy Protection: Protected up to $1.5M under federal bankruptcy law. Creditors can’t access it Legacy: Can be passed down. Inherited Roth IRA must be emptied within 10 years. Tax Forms: Form 5498, Reports yearly contributions Form 1099-R, Only issued if you take money out Where to open it: Recommended: Fidelity.com
Step: 4
TAXABLE BROKERAGE ACCOUNT
Fidelity Brokerage Account Assigned Index Funds to Start With FZROX Total U.S. Market Exposure Broad U.S. companies | 0% fees | Built for growth FEMKX Emerging Markets Mexico, India, Brazil and more | 0.91% fee | Long-term growth VIG Dividend-Paying U.S. Stocks For passive income and stability | 0.06% fee Recommended Split: FZROX (U.S. Core) FEMKX (Emerging Markets) VIG (Dividend Income) Purpose: Build flexible wealth outside of retirement accounts Strategy: Invest monthly. Use this account to grow cash or build towards future goals. Contribution Range: No limit, invest as much or as little as you want Tax Treatment: You’ll pay capital gains taxes if you sell for a profit Dividends: taxed when earned Withdrawal Rules: No penalties, you can withdraw anytime Bankruptcy Protection: Partially protected depending on your state (less protection than Roth IRA) Legacy: Can be inherited or transferred. Heirs may owe capital gains or income tax depending on how assets are handled.
Step: 5
ROCKET DOLLAR
A high-limit, tax-deferred retirement plan for self-employed truckers. What It Is: A retirement account for 1099 contractors, sole proprietors, LLCs, and S-Corps with no employees (except a spouse, if applicable). Purpose: Build retirement wealth while reducing taxable income with both employee + employer contributions. How It Works: You're Both the Employee & Employer Part 1 — Employee Contribution: Up to $23,000/year (2025 limit) Funded from your personal account Part 2 — Employer Contribution: Sole Prop / LLC (1099): Up to 20% of net income Example: $80,000 net = $16,000 contribution & tax write-off S-Corp (W-2): Up to 25% of W-2 wages Example: $80,000 W-2 = $20,000 contribution & business write-off Must be funded from your business account directly Note: Owner draws don’t count toward employer contributions — only W-2 wages do. Key Details: Tax Status: Pre-tax contributions reduce your income now; taxed upon withdrawal FICA Exemption: No Social Security (12.4%) or Medicare (2.9%) taxes on withdrawals, a 15.3% savings Bankruptcy Protection: One of the strongest bankruptcy shields. Locked tight from lawsuits and collections. under Pass Down to Family: Spouse: Can inherit or roll over Other heirs: Must withdraw within 10 years Withdrawal Access: Locked until age 59½; early withdrawal may trigger taxes/penalties Tax Docs: 5498 (contributions) 1099-R (withdrawals) Recommended Platform: Rocket Dollar
The 7% Growth and 4% Withdrawal Rule
Pick a goal that fits your life, your pace, and your reality. This plan is built using two proven financial rules:
7% average annual growth
This assumes you invest consistently in a diversified portfolio (like index funds through Fidelity)
4% safe withdrawal rate
Once you retire, you can withdraw 4% of your total savings per year. This allows your money to last for decades, continuing to grow while you take only small fractions of the total.
BENEFICIARIES & LEGACY
You’re not just driving to survive, You’re building something to leave behind.
Every account in this plan lets you name a beneficiary, which means your family can receive the funds directly
Here’s how it works:
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Term Life Insurance – Fastest payout. When you name a beneficiary, the money goes straight to them, tax-free and outside probate court.
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Emergency Savings – Add a beneficiary or “Payable on Death” (POD) option. If it’s a joint account, the co-owner gets full access.
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Roth IRA (Fidelity) – Grows tax-free and transfers tax-free to heirs (if IRS rules are followed). Avoids probate when a beneficiary is named.
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Brokerage Account (Fidelity) – Add a “Transfer on Death” (TOD) instruction to skip probate and ensure direct transfer.
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Solo 401k – Automatically transfers to your spouse if listed. Non-spouse beneficiaries may owe taxes, but with the right setup, probate is avoided.
Get in Touch
Fill out the form and I’ll send you the tracker template. You got this. Everything you need is already listed on this page.
Try your best to setup each account either by clicking the button start now on each policy or investment you want to setup, it will direct you to their site or you can also, call each company directly and get your accounts set up that way as well.
I’m a trucker just like you, and I’m doing this for free. On the 2nd of each month, I set time aside to help with basic account setups.