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Planning for retirement?

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frankdcowell
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Planning for retirement?  Reply with quote  

Any useful tips and advice on How and when to begin retirement planning?
Post Wed Aug 13, 2014 3:38 am
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littleroc02us
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Save 15% to 20% of your net income in the S&P 500 and you should be alright. What specific areas are thinking of investing in?

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Aug 13, 2014 1:37 pm
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Wino
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When to begin? "Now" or earlier, if you have a time machine.

How to prepare for retirement? Spend less than you earn, and invest the rest.

One last item: Don't borrow money, except maybe to buy a house. Oldguy will debate me on this last point, as he espouses leveraging your investments with low-percentage debt. I don't have the risk tolerance to follow his method.
Post Thu Aug 14, 2014 1:24 am
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RetirementER
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Right on Wino... Best time to start planning: 20 years ago. 2nd best time: now.

It is increasingly important for people who haven't planned to get started now. In my opinion, there are opportunities now for the non-planners that may not be around in ten years.
Post Fri Sep 19, 2014 7:30 pm
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llancaster
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Agreeing with earlier posts, start now.

Also take advantage of employer matches (free money).

Be sure to do some research - not all retirement plans are created equal. Some custodians will destroy your returns with fees. I just read somewhere that the average household will spend $155,000 on retirement plan fees in their lifetime. That's money that could be earning more money!
Post Wed Oct 01, 2014 6:34 pm
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littleroc02us
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quote:
Originally posted by llancaster
Agreeing with earlier posts, start now.

Also take advantage of employer matches (free money).

Be sure to do some research - not all retirement plans are created equal. Some custodians will destroy your returns with fees. I just read somewhere that the average household will spend $155,000 on retirement plan fees in their lifetime. That's money that could be earning more money!


Not if you invest with Vanguard. My expense ratios with Vanguard are .05% too .17% on my index funds. That is very low.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Oct 01, 2014 8:07 pm
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Anuya
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Re: Planning for retirement?  Reply with quote  

quote:
Originally posted by frankdcowell
Any useful tips and advice on How and when to begin retirement planning?


You can use this retirement planning calculator http://goo.gl/RNhOq7...It may be quite useful to you....
Post Mon Dec 29, 2014 6:26 am
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losangelescpa
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Hi, Firstly you have to set up goal for retirement.Instead, you will have to depend on how skillfully you plan and invest, and whether you make good use of tax-advantaged savings or not.
Post Thu Mar 05, 2015 10:55 am
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oldguy
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LOL, yeah, we get Nigerian schemes of all kinds. Very Happy
Post Wed Apr 01, 2015 5:36 pm
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losangelescpa
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Hi,I don't have much more idea about retirement plans.I am going to retire within 2 to 3 months.I am also planning for proper use of my finance.Those guys have more idea about how to plan please share on this post.
Post Mon Apr 06, 2015 2:57 am
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