frankdcowell
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 13 Aug 2014
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| Planning for retirement? |
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Any useful tips and advice on How and when to begin retirement planning?
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Wed Aug 13, 2014 3:38 am |
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littleroc02us
Moderator
Cash: $ 384.35
Posts: 1891
Joined: 09 Feb 2009
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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)
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Wed Aug 13, 2014 1:37 pm |
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Wino
Senior Member
Cash: $ 113.80
Posts: 560
Joined: 03 Aug 2012
Location: Dubai
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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.
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Thu Aug 14, 2014 1:24 am |
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RetirementER
Member
Cash: $ 3.45
Posts: 17
Joined: 19 Sep 2014
Location: Canada
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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.
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Fri Sep 19, 2014 7:30 pm |
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llancaster
New Member
Cash: $ 0.85
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Joined: 01 Oct 2014
Location: United States
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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!
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Wed Oct 01, 2014 6:34 pm |
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littleroc02us
Moderator
Cash: $ 384.35
Posts: 1891
Joined: 09 Feb 2009
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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)
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Wed Oct 01, 2014 8:07 pm |
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Anuya
New Member
Cash: $ 0.70
Posts: 3
Joined: 29 Dec 2014
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| Re: Planning for retirement? |
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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....
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Mon Dec 29, 2014 6:26 am |
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losangelescpa
Member
Cash: $ 2.00
Posts: 10
Joined: 05 Jan 2015
Location: USA
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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.
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Thu Mar 05, 2015 10:55 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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LOL, yeah, we get Nigerian schemes of all kinds. 
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Wed Apr 01, 2015 5:36 pm |
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losangelescpa
Member
Cash: $ 2.00
Posts: 10
Joined: 05 Jan 2015
Location: USA
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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.
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Mon Apr 06, 2015 2:57 am |
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