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Retirement Planning.....

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Money Talk > Retirement Planning

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jiten702
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Retirement Planning.....  Reply with quote  

For every one of us a ten-letter word ‘retirement’ brings images of sitting in the garden of your house with your life partner, playing with your grandchildren while reading morning newspaper. Taking your wife to the vacation on a foreign location every year. To make this reality, one requires proper planning for his/her retirement. Retirement planning will change your mindset from ‘ I want a happy retired life’ to ‘ I will have a happy retired life’. So start planning your wealthy retirement today.
Post Fri Nov 26, 2010 8:18 am
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louis2609
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My mother is going to have plan for her retirement now. May be i will help her after reading your posting here. I think traveling is a good plan for her retirement.
Post Mon Dec 06, 2010 7:11 am
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jovanzensis
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Are you the optimum benefit retirement plans and policies you can choose when you will retire confident of? It may be a few basic questions. Although rare, these can not leave or other retirement issues. Your retirement plan will be just right if you are well equipped with the latest financial solutions can. A secure and comfortable retirement, you can depend a comprehensive guide to all that providing comprehensive information and updated financial and personal well-being. In future years, your guide, and a solution ready to buddy researcher.

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Post Fri Dec 10, 2010 1:10 pm
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financialculture
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While the types of decisions you'll make at retirement might be different from those you'd made as a working individual, you'll still have plenty of choices to make. Not all will be easy. One of the most important decisions to get right is where you decide to live. Will you stay in your current home? Will you downsize to a smaller abode? What about geography - will you stay in the same area? Move closer to your grandchildren?

Thanks
Post Fri Dec 24, 2010 10:00 am
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josht
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Ha that is a great picture to think about.

I agree, you do have to start planning early. And start planning with certainty. I see a good deal of people who put there money in places where they are uncertain about the future of their money, which is bad when it comes to savings.

There is a difference between savings and investments. Investments are at risk dollars, and savings are dollars that are not at risk. Make sure your retirement plan is in a secure place where it cannot lose money.
Post Mon Dec 27, 2010 7:10 am
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bannerbuzz09
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for good retirement planning then we earn good in young age so you become a good earning and enjoying last life.
Post Fri Jan 28, 2011 10:41 am
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jango1557
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pcb reverse engineering  Reply with quote  

Retirement planning should be about looking ahead on more than just the financial front. Ask yourself these questions. What do you want to be able to do? What has been important to you, your job or the people you've worked with? Do you want your social contacts to continue? You should really start thinking about everything that's a part of your current work life and what you think you'd like to keep current when you retire.Another issue to consider is where you want to live after retirement. A home near work will no longer be an issue. And your current home, if it's an empty nest, may be too large and too expensive to maintain. If you think you want to move, start researching the options sooner rather than later, especially if you are nearing retirement age. This decision can have a big impact on both your future finances and your quality of life.

mod's note: your site url belongs in your profile sig, not the post body
Post Mon Feb 28, 2011 5:37 am
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RichS
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When you are planning your retirement you have two basic choices: investing and/or saving for the future. Both have risk. There is no such thing as a guaranteed investment or a safe savings.

Investments are a form of gambling and you can make a lot of money or lose a lot of money. It is gambling plain and simple.

Savings on the other hand is safe...or is it? People will put their money into a savings account or bank certificate of deposit and say it is FDIC insured and I can't lose any of my money. That thinking has gotten a lot of people in trouble. What you need to consider is yes your money is insured but is my savings doing better than the inflation rate and the potential taxes I have to pay on that money. This is where people miss the boat.

You have to have an equal balance, and that varies with everyone, between your investments and your savings. This must be monitored at least on a semi-annual basis to keep you out of trouble. Very Happy
Post Mon Feb 28, 2011 7:31 pm
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emjo
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Josht and RichS: I couldn't disagree with you more. History shows that wise investing in the stock mutual funds long-term is low-risk and high return.

Sure, my DH lost half his retirement in 2008 along with everyone else, but he eventually got it all back. Well-managed mutual funds will go up and down with the stock market, but they will always come back and create great wealth for anyone who invests consistently in them.

Savings accounts and CDs bring next to nothing these days, and you better be making a lot of money over several decades in order to count on these vehicles to finance your retirement.

The biggest risk is to count on Social Security being there when you retire. Even if it is, if that's you're only income you will be living at the poverty level.
Post Wed Mar 02, 2011 12:54 am
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MrPolarZero
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One thing that you need to take note of when investing for retirement purposes is whether your intended investments would suit your retirement plans. For instance, the types of businesses you want to establish during retirement is something to consider.

Annuities
Best Life Insurance
Post Wed Mar 02, 2011 1:08 am
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RichS
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emjo,

I would like to ask you if you could tell me what a "well managed" mutual fund is? What does this really mean? If you have any specific examples of well managed funds that have "always" come back and created great wealth I would like to know that also. Thanks. Very Happy
Post Wed Mar 02, 2011 4:11 pm
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KatherineLee88
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quote:
Originally posted by RichS
emjo,

I would like to ask you if you could tell me what a "well managed" mutual fund is? What does this really mean? If you have any specific examples of well managed funds that have "always" come back and created great wealth I would like to know that also. Thanks. Very Happy


I would consider a well managed fund to be a fund that is managed in a way that it meets its objectives. I won't really know until 40 years from now if my target retirement mutual fund is being well managed, but I will have clues along the way as long as my account makes about the expected annual return as outlined in the prospectus.

As for a fund that always comes back - just as mentioned already, a lot of people lost money in 2008 in the market, but it rebounded and they gained it back. I wasn't invested in the following fund in 2008, but it looks like it lost half its value and now is back.

I expect it to create "great wealth" for me for the next 40 years, but it's not a sure thing. However, I don't consider it to be "gambling."
I'll be satisfied if I at least get 3% average overall. At least it'll be doing better than a savings account or CD.


http://www3.troweprice.com/fb2/fbkweb/performance.do?ticker=TRRNX
Post Wed Mar 02, 2011 11:40 pm
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oldguy
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quote:
If you have any specific examples of well managed funds that have "always" come back and created great wealth I would like to know that also. Thanks


VWNDX Stock - Large-Cap Value 1.08% B,I 5.03% 22.18% 1.65% 4.09% 11.41% 10/23/1958

Depends on your definition of 'always', the Windsor Fund has had an annual average return of 11.41% since 1958 - 53 years may not be quite the same as 'always', but close enough for most of us. Smile

quote:
I expect it to create "great wealth" for me for the next 40 years, but it's not a sure thing. However, I don't consider it to be "gambling."
I'll be satisfied if I at least get 3% average overall. At least it'll be doing better than a savings account or CD.


A solid concept - a savings account guarantees with mathematical certainty that you will not build purchasing power, ie you will not outpace inflation, you simply get safe storage of money.
Conversely, incremental investing in stocks over a 40 yr period historically converges on 10%/yr to 12%/yr return. And if you live in an outlier 40-yr lifetime, maybe you'll get 14%/yr or 8%/yr - and both outcomes are acceptable to most of us.
Post Thu Mar 03, 2011 2:19 am
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RichS
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Oldguy gives us some good information about a very successful mutual fund. Thanks for that. What I am saying is that there are plus or minus 10,000 mutual funds out there to choose from. Most people are not going to choose the next winner they are going to look at past winners and assume it is going to continue winning. That is a potential financial disaster waiting to happen. Being a former stockbroker/registered rep for 16 years I have seen too many people base their investment decisions on what happen in the past. Yes that is one thing to look at but a very small component especially today with the way things have changed.

And to KatherineLee88 if you don't believe that investing is gambling, just like rolling dice or playing pocker, I'll send you a list of losers as long as your arm. I am not saying not to invest because everything we do in life has some risk, what I am saying is that if you invest make sure you do your homework sufficiently before you roll the dice. Even with that there are still no guarantees. Thanks for the good conversation to all:D
Post Thu Mar 03, 2011 8:50 pm
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KatherineLee88
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quote:
Originally posted by RichS
And to KatherineLee88 if you don't believe that investing is gambling, just like rolling dice or playing pocker, I'll send you a list of losers as long as your arm. I am not saying not to invest because everything we do in life has some risk, what I am saying is that if you invest make sure you do your homework sufficiently before you roll the dice. Even with that there are still no guarantees.


I said I don't consider my investment in T Rowe Price Target Retirement 2055 to be gambling. I didn't say this as a general statement to all investments out there.

I have done my research with this investment. I'm quite confident that in the long run this investment will work well for me.
The people that lose money in investments do so because they don't diversify, understand their investments, and weigh out the risk they are willing to take. If they had done so, they would not be the losers you are implying they are. In this regard, they were not investing properly and using the information available to them to invest properly.

Investing is gambling if you're not doing it properly.
Since I am doing it properly, I am investing - not gambling.
Post Thu Mar 03, 2011 10:26 pm
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