| What do you think is the best retirement plan and where to i |
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redflag
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| What do you think is the best retirement plan and where to i |
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I am already 40 and thinking of planning for my retirement, i know it's a little bit late but better late than never. What do you think is the best retirement plan and where to invest?
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Tue Apr 18, 2017 9:21 am |
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oldguy
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I used the SP500 Index Fund - mine was inside a 401k but you can use any holding account, ie, IRA, brokerage account, etc.
The longterm average SP500 return is 11%/yr, if you invest $18,000/yr, the 401k maximum (that's what I did) you should have a million in about 18 years (in my case it was 14 years).
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Tue Apr 18, 2017 3:09 pm |
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Otto Osborn
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A retirement plan is intended to assist you to plan for your post-retirement years and live a stress-free existence. A retirement savings plan, for example, can help you build your money and provide a steady income for the rest of your life. These programs let you put money down for your retirement while you are still working. Retirement plans are a type of life insurance or annuity that is tailored to match your post-retirement needs, such as medical and living expenditures. You'd like to keep your current lifestyle after retirement. Inflation could cause a rise in your day-to-day spending. If you're looking for the best games to play on your computer, I suggest to download Just Dance game for computer. Just click the links to download.
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Sat Apr 16, 2022 3:10 am |
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sj01
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Like oldguy mentioned, if you are handsoff person. S&P500 is your best option. based on which tax bracket you are in, priority of which one ( 401k & Roth IRA) max-out first will change. either case if you have high-deductible health insurance, put money in your HSA account and invest through your HSA account. it has 3 benefits: pre-tax, tax-deferred growth and tax-free withdrawal if used for health-related stuff.
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Sat Apr 16, 2022 1:55 pm |
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terryneo3
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There are some steps to prepare for your upcoming retirement
You shall make sure you're diversified and investing for growth. Estimate your retirement expenses. Consider future medical costs. Change your shopping habits. Get discounts for old ages and use coupons from coupon sites like CouponBirds. Plan where you will live and where you want to visit.
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Fri Sep 16, 2022 2:47 am |
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AdviceOnly
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There is no one-size-fits-all answer to this question, as everyone's situation and goals will be different. However, some popular retirement plans include Roth IRA accounts, 401(k)s, or 403(b)s.
All of these arrangements allow you to deduct your contributions from your taxable income so that they are more tax efficient. Additionally, all of these plans offer a variety of investment options that you can choose from based on your interests and needs.
Looking for the retirement do not forgot to read our detailed blog on this topic-
Top 15 Retirement Planning Mistakes to Avoid
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Fri Nov 11, 2022 5:28 am |
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No-Brainer
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All those retirement plans are great, but if you have a little spare time you might consider a Bitcoin account and if it takes off like it has in the past, getting in while it is as low as it is right now could be fun, especially when you can do it for free with no risk of financial loss.
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Tue Nov 15, 2022 1:15 am |
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soikeo79
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Personally i will split my retirement money into (at least) 2 basket. One in a small business for monthly money, the other one will from the saving, which less profit, but safer option and will pay me for years.
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Tue Jan 31, 2023 4:46 am |
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