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Old 04-16-2013, 10:29 AM   #21
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401K, Roth IRA and various other investment vehicles. But, simple answer is that 401k and Roth are maxed.
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Old 04-16-2013, 10:32 AM   #22
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5% matched into 401k and I am investing in motorcycles which I will sell later in life to fund my retirement to the french riviera.
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Old 04-16-2013, 10:34 AM   #23
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Quote:
Originally Posted by CtRacer51 View Post
$5/hr automatically into an annuity fund via my union...I can divert it into stocks/bonds, high risk low risk etc etc.....since I am relatively "new" I do high risk/more reward for now. That will change as he years go by and as I get closer to retirement I will be less aggressive

Common advice that doesn't make much sense. Risk has much less to do with the instrument than most think. You can have a portfolio of stock options that is significantly less risky than a portfolio of stocks. Another common misconception is buy and hold is a low risk strategy. It's arguably one of the riskiest strategies out there.
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Old 04-16-2013, 10:36 AM   #24
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You call me too! Dumbass! I can help get you rolling again.
must have been a job change somewhere I missed as well
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Old 04-16-2013, 10:40 AM   #25
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I am putting in the near max allowed for a deferred comp investment fund through work. I think it is currently around 15% of my base salary, pre-tax. Been doing that for ~ 6 years, with 19 to go. Then I'll have my pension in top of that unless the state goes bankrupt. I'll also be putting in my 2% raise this July into it as well. Money I didn't have before is money I can dock away.
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Old 04-16-2013, 10:42 AM   #26
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And smutty, you shouldn't be worrying about retirement just yet. You need to money now for hookers and blow.
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Old 04-16-2013, 10:42 AM   #27
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Quote:
Originally Posted by GixerJockey View Post
Shitty advise... May work for a very few, but not the masses.
Really? Working on an after tax income of $30,000 a year and just investing in the Roth IRA at $4,500 a year, assuming a conservative return of 8%...

After 10 years, you've got 1.1 mil
After 20, you'd have 16 million.

I think that's an acceptable retirement amount. Live within your means and retire early.
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Old 04-16-2013, 10:43 AM   #28
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Originally Posted by krazy again View Post
And smutty, you shouldn't be worrying about retirement just yet. You need to money now for hand lotion and tissues.
Fixed that for you, officer.
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Old 04-16-2013, 10:47 AM   #29
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Quote:
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You can't afford to wait any more days. C'mon man! An enrollment form takes 5 minutes to fill out. And at the very least, a 3% contribution into a pre-tax retirement plan doesn't even change your take-home pay! Plus, at 3%, you'll be able to take advantage of about half of what your employer will contribute.
Hmm - you're right. I need to talk to someone about it.
Putting money away isn't very easy at the moment though. I'm still a full-time student (almost done) with a nice chunk of college loans on deferment. I've saved a good chunck while in grad school to at least pay my loans off, but adding money to a retirement fund just hasn't happened. Living on a student stipend sucks...pretty happy it's almost over.
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Old 04-16-2013, 10:48 AM   #30
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I don't want to retire early. sounds boring as fuck.
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