Best Way To Save For Retirement Knowledge Base
What is the best way to save for retirement? My job offers no benefits like 401k ect. I need to do something for retirement but I am not sure what is the best way to save. I can only work part time, as I take care of my granddaughter. thanks!!
What is the best way to save for Retirement for Small Business owner? My husband and I own a small business - what is the best option for both of us to save for retirement and why? We are both in our 20's right now.
What is the best way to save money for retirement? I'm under 40, and I'm planning for my retirement. I plan to retire when I'm around 60-65. So, what would be the best way for me to save money till then? Also, I want to save without any risks. I don't want to end up WITHOUT money. ;)
What is the best way to save for retirement if I am a stay at home mom. What is a spousal IRA? I quit my job to stay home with my daughter. But i may go back to work some day and would like to use my 401K money to continue saving for retirement in the mean time. What is the best option?
What is the best way to save for my retirement in UK only? I've just had a meeting with my bank's financial advisor about personal pension - who have recommended Standard Life as his choice. I know that the bank only has 6 or 7 pension companies to choose from (all big names incl. Norwich Union, Stanard Life, Prudential, Legal&General, Friends Providence, AXA) but i'm quite happy with going with the big companies. My question is - is pension really the best way to save for my retirement? I have my own Savings account with high interest as well as ISA but wanted something a bit more long term for the REAL future i.e. retirment. If it is, I can then really take his recommendation but if there is other alternatives then I would like to know. Retirement == 65 years for most people so I'm going with that. Also note that I know if my employer contributes, then obvosuly that is the bet choice however they do not. Note, answers that apply in UK only please
What's the best way to save for retirement as a self employed person ??? I sell mobile homes and want to avoid living in one when I retire. I already fund the max on my IRA.
What is the best way to save for retirement and how does one ensure that he/she will have enough to retire? I am 42 and would like to retire at the age of 60.
what is the best way to save for retirement and where should I invest? I invest in rrsp's but I am not happy with their returns. I am wondering what I should be investing in since I will not be retiring for 30 more years. There are so many options and I am looking for something with good growth potential but not too much risk.
I earn about 65K a year. What is the best way to save for retirement? I am only 32, but need to start saving now.
What is the best way to save $1 million by retirement? I am 20 years old, and want to start saving for retirement! I would like to have $1 million by retirement!! And I am able to put at least anywhere from $100-$300 per month...but I am a student, with no job...so I understand that I can't do a Roth IRA. So, what kind of fund will I get a lot of interest...like 10%? Thanks for your help!
What the best way to save for early retirement? I'm in my early 20's and I wanting to retire as early as possible say between 40 and 45. I know its a bit of a stretch but it could be done. Should I put all that i can into my 401k and IRA or should I put most in an account where there isn't any penalty for withdrawals since i would be retiring any where form 14 to 19 years before i start withdrawing from my 401k and IRA. If so what kind of account should i look into?
What is the best way to save or invest for retirement? I am a Realtor with no retirement benefits.... what is the smartest investment. I am 30 years old.
Whats the best way to slowly save for retirement.? Im 30 and i want to start retirement savings. How can i slowly build up savings. Im not good at understanding all kinds of investments I just know i need to start saving but it hard to figure out where to start.
What is the best way to save for retirement if I am a stay at home mom. What is a spousal IRA? I quit my job to stay home with my daughter. But i may go back to work some day and would like to use my 401K money to continue saving for retirement in the mean time. What is the best option?
What is the best way for me to save for retirement at age 22? I can only start with a few thousand. It needs to be little or no risk. My job offers no retirement plan.
what is the besat way to save for retirement? I would like to retire in 10 years and have no retirement set back so far.
Whats the best place to put my extra money to save for retirement? I am 40 , are roth IRA's only good if you are younger. Should I buy some good stocks with it like microsoft. What should I do?
What is the best retirement option for someone that wants to save on his own? I am a foster parent and I get paid by my agency through a per diem. That means the money I get paid is tax free. And since I don't have a full time job, I don't have a retirement plan. I want to start saving for the future. Can any one help?
What is a smart way to save your money for retirement or even a rainy day? Hello, I am 31 years old and have had a 401K for over 6 years now, where I've been putting in 10% of each paycheck. I also have a little over $2K in a Roth IRA, but it has been effective for about 5 years now and hasn't seemed to make that much money. Lastly, I try to put away at least $500 a month in a savings account that has 4% interest for a rainy day (this has been going on for the past 6 months. Not sure if I can keep up with the $500 a month forever). Above all, I am very frugal with money and I would rather put it away than go on a huge shopping spree every weekend (once in a while I will go out and buy something for my house or myself, but I am careful to make sure that is not an outrageous purchase and doesn't happen very often) I want to know what else is out there for me to do to save my money smartly? I am not that crazy about stocks because I am a conservative investor, but can someone fill me in on some other good ideas? Bonds? Mutual Funds? How do I set those up?
Best way to save for retirement? Im 28? Should i use 401k or IRA of other?
How much did YOU save up for retirement? some people have ridiculous expectations in how much money you should have. most companies DON'T do pension plans and if they do most just do 20 or 30k a year pension plan. if your making 80k you don't have to make 80k forever to maintain the same lifestyle. most of the time by the time you hit the standard retirement age you most likely have paid off your mortgages so you don't need much. pretty much just bills, food, and luxuries.
What is the best way to start saving for retirement? I'm 28 and I have a steady job. I support 2 children on a very low income and my employer does not offer a retirement plan. I need to save, but at this point in my life, I cannot contribute regularly. I was thinking of opening an IRA with my credit union, but wanted to know if there is a better option for me.
Does anyone know of a smart way to start saving money for retirement? I'm 25 1/2 and I'm ready to start saving for my retirment (Better late then never, right?) Right now I'm making about $1,000 a month (gross). How much should I start putting away (weekly or monthly) for retirment. Any suggestions? The more details the better. Thanks.
How much should you save up for retirement? ? don't say 40k/year and up because rarely is anyone getting a 40k plus pension! when you paid off your mortgage you don't 40k plus anyways. i heard companies are rarely doing pension plans. but how about 401k and other retirement plans companies offer. I heard only few companies have a pension plan anymore. How much would you need per year? 20k/year? considering your house is paid off.
We had to cash in our RRSP and are starting from scratch again, @ 48 in saving for retirement. What to do? Any suggestions for good return on savings. Though we do not have an extravagant lifestyle, we would like to be at least able to travel once a year when we retire. I have read some people's entries from people who think 1 million in savings, is not enough for them to retire on, if that's the case, we are cooked. This can't be possible--it can't cost that much--can it?
What is the best way to save for retirement? I am 33 years old. I make too much money to have an IRA. I have about $60k in a savings account. I don't know much about investing. What would be good for me?
Should I open a Roth IRA at 22, or is there a better way to save my money for retirement? I've just graduated college and started my first full-time job a couple months ago. Lately I've been reading articles about Roth IRA's and how young people should consider them because they can save a huge amount of money by the time they retire with the smallest amount of input (since they're getting started earlier). I know I'm still young, but I want to set myself up for a comfortable future. I'm making $35k/year salary, but my company does not have a 401K plan (as of yet). I would like to try putting away $250 a month in order to create a nest egg for when I retire (and maybe allow myself to retire a little earlier?). Is a Roth IRA the way to go, or is there something better I could do with my money to allow it to increase over the years? I don't know much about this stuff and don't even know where to start. I do know that IRAs have something to do with investments, which is risky and scares me a little...
What is the best way for me to save for retirement? I am 29 and would like to retire by age 60-65. I currently have a small savings account with about $2000 and my annual income is about $30,000. I have been reading about the Roth IRA and I have been looking at investing with Scottrade. Can someone with experience tell me how this works? Would I deposit money into the Roth IRA from each paycheck or save for a few months and then deposit it into the Roth IRA? When I deposit money into the Roth IRA, is it automatically invested or do I have to choose what to invest it in? What would be the best way for me to invest and pay the lowest taxes on it?
What is the best way to save money for retirement? My job doesn't offer a 401(k) but I would really like to start one is it possible to do it independently?
What percentage of my income should i save for retirement savings ? I need to start saving for retirement. Is there a rule of thumb that could get me started.. Like 5% or 10% of my income... I need some basic advice on what to do.
I want to save for retirement but do not know how? I am in my late 20s and I hear so many people say get an IRA, 401k, try saving with your bank through mutual funds, or CDs but what do I do? I just started a new job and they offer nothing. My last job had 401k and plans were already mapped out so all I had to do was contribute $100 a month. So now I am looking for ways I can save for retirement but with so many choices, and investment companies which company should I choose and once I find one what route should I take. I do not want to be 65 and still have to work 50 hours. I appreciate any help.
What is the safest and best way to be a millionaire by retirement? Ok, I'm 23 years old. I want to save around $500 a month till 65. What is the safest way and best way to be a millionaire or more? I want to pull out my money whenever I want but knowing me, I'll only do that like once every 5-6 years.
How do you decide whether to save for retirement (which is tax-deferred) or save for a down payment on a home? Buying a home, even with the downturn in the market, is still the most successful way to invest money. But I don't make enough money to both save for much of a down payment and still put much money aside for retirement. So how do I choose where to put what money I don't need to live on?
What is the best way for me to start saving for retirement now? my age is 21? I have about 300 dollars to work with each month for now and would like to retire at age 55.
how do i save for retirement when my employment does not offer a retirement plan? i recently started a new job, it's a union job, which has great medical benefits and sick time and paid time off, but it does not offer a retirement plan. what should i be doing to save for retirement?
Is 18 too young to save for retirement? I don't know if this is adsurd but I really want to save retirement right now.
Should we should save for retirement? My husband and I are in our later thirties. We are planning to settle in Australia or Canada. Both of us do not have any good guidance from any experienced elders regarding anything in life. So far we have not saved a penny for our retirement. Experienced people please guide me on the follwing: 1) If we do not save will the governments of these two places help us in futureafter retirement? 2) Is setting up a parallel income recommemded? 3) What the conditions of old people who have not saved all thier life (will they be provided medical help)? 4) Is it prudent to save monthly, yearly? 5) Do children take care of poor parents? (My husband is currently well off. And we give the best to our parents and children. Will we too be taken care of similarly)? 6) Many parents who are financilally dependent on their children in their later years are insecure and encourage disharmony in thier children's married life. Why?
What is the best way for a 49 year old woman to start a retirement fund? no scams? Im worried about my mom, she has no retirement funds that I know of and I really want to help her out, what would be the best way for her to save up and get interest? I just really want her to be able to retire by the time shes 65, thanks for all your help yall
What percentage of people in america really save for retirement? It seems very unlikely that people in this economic situation can afford to save for a retirement. I also don't understand how you can be in credit card debt and save at the same time. makes no since
Best way to begin saving for retirement? Hi, I'm a 21-year-old male. I want to start saving/investing for my retirement (the earlier the better). With my income, I fall into the 15% tax bracket. I've done online research but the sheer amount of information is a bit overwhelming. I plan on going to my bank and consulting with one of the financial advisers more about my situation and options, but I figure you guys might provide some more insight into it. I understand the differences between the traditional IRA and the Roth IRA, as well as the 401(k)'s, but I don't know how to chose the proper account for me. I am employed but do not contribute to any sort of company plan at all. Where should I start?
If you never save for retirement, what happens to you? How much SHOULD you invest? I'm only 25, but still at my age, I"ve just gone through lots of schooling, and spent all my money on things like housing, car, vacation, etc, all those frivolous things, and I never really saved, I'm n ot a millionaire, and I don't have a 401K or any type of plan yet. I have lots of family friends, and I live with my partner, who has some of those things, but I'm starting to feel like maybe I should already have some sort of a plan. Personally, I just don't think that far in advance, because I could be dead by then, but just HOW important is saving for retirement. Worst case scenario, if you have no plan, money, friends or family by then, will you end up being a homeless senior citizen, where do you technically end up? I'm not familiar with the programs this country has, if any. I'd like to start planning something, however it makes life SO monotone, everything is a plan. work, schooling, shopping, retirement, it takes the FUN out of living. Blah.
How can you save for retirement if you own your own business or make money from home? I am 22.I will soon be making money on my own working from home. I don't know anything about retirement. How much money should I save and what should I put this money into, a CD,a bond? I have no idea about these things. Also, does anyone know at what rate the cost of living rises each year? Is there an equation to determine how much money will be needed for me to retire when I get ready to?
When you live pay check to pay check how can you save for retirement? My employer does not offer 401K plans. When someone has student loans, children, and live paycheck to paycheck, how do they begin to save for retirement?
How to save for retirement when self-employed? I am only 22, but I want to start saving for retirement. I am currently self-employed. I don't make alot of money & have no clue where to start. I can only start with $2000-$3000 and for now only add $100 or so a month. What can I do that is low risk?
How much is enough to save for retirement? I'm almost 24 years old and I feel like I'm obsessed with saving for retirement. I think it'd be better if I had an idea of how much I should actually be saving. If I max out an IRA every year from now until I retire at 65, will that be enough to live off of? I need to set a reasonable limit for myself so that I can actually have money to go out and have some fun rather than just sit at home when I'm not at work.
What is the best way to start? I've never filled taxes, owned a credit card, or anything. I've always used cash. I want to be in good standing with these things. Seeing as i have no status with it, how do I start. I'm thinking about hiring a financial advisor and tax agent or something to start this process of building my credit history, but, i don't think i have the money for that rigth now. But, i know i have to file taxes this year, since I'm also starting my first job. I don't want to end up like these people in debt and living paycheck to paycheck. I also want to start a Roth IRA. I'm young, but, i want to be secure. Can anyone point me in the right direction with these things. Taxes, credit, saving, retirement. This is what I want to get in order. Any advise?
What is the BEST account for saving up for retirement and buying a house? I am 18 and i'm already starting to save up for my retirement. Right now I already have a good ammount saved up and I was just wondering what type of account (ROTH IRA,..etc) should I get to save up a good lump sum of money before or when I hit 30. Thats when I plan on buying my house.
How much to save for retirement? Here's an interesting question for you: I would like to know what percentage of my income to save in order to give me the most similar income in retirement as in my working life. Here are the (I think) important pieces of information you will need to help me answer this question: 1) I will get a 70% company pension when I retire 2) I will retire in 27 years 3) I would like to receive retirement income for 30 years 4) Assume average interest of 3% for any investments
Retirement? I'm a 25 year old female who has not even came close to saving for retirement..... I have just recently got my credit cards paid off so fortunately i have a few extra dollars to save. I would like to know the best way to increase my money in the long run?
What is the best retirement savings plan for self-employed? My husband & I have a General Contracting Bus. We need a retirement saving plan. What would be the best one.
Im 20 years old.....best way to invest for retirement? Im 20 years old, saving about $600 a month. I want to have a million dollars when I retire. Preferably more, because inflation. Anyways, whats the best way to invest for retirement? IRA? Mutual Funds? Stocks? Please be as detailed as possible. Thanks guys!
Im 20 years old......best way to invest for retirement? Im 20 years old, saving about $600 a month. I want to have a million dollars when I retire. Preferably more, because inflation. Anyways, whats the best way to invest for retirement? IRA? Mutual Funds? Stocks? Please be as detailed as possible. Thanks guys!
Im 20 years old.....best way to invest for retirement? Im 20 years old, saving about $600 a month. I want to have a million dollars when I retire. Preferably more, because inflation. Anyways, whats the best way to invest for retirement? IRA? Mutual Funds? Stocks? Please be as detailed as possible. Thanks guys!
He hasnt saved for retirement and I want to know if I should head for the hills? He is 55 yrs old and has not saved anything. He will have his railroad retirement to retire on. To top it off, he has 2 sons who are freshment in college next fall and has no money saved for that. He is working himself to death right now and I cannot figure out how he could not save for his future. I will continue to work for 20 yrs after he retires. I am wondering if this is bad financially for me to stay in a relationship with him financially speaking or should I not worry about his finances because the railroad pays such good retirement. He says his ex wife cannot collect off his retirement. Should I get out of this relationship? Is it going to cause me financial hardship in the future? I have no children at home, work full time and am saving for retirement. He is 12 yrs older than me.
Should we save for retirement? My husband and I are in our later thirties. We are planning to settle in Australia or Canada. Both of us do not have any good guidance from any experienced elders regarding anything in life. So far we have not saved a penny for our retirement. Experienced people please guide me on the follwing: 1) If we do not save will the governments of these two places help us in futureafter retirement? 2) Is setting up a parallel income recommemded? 3) What the conditions of old people who have not saved all thier life (will they be provided medical help)? 4) Is it prudent to save monthly, yearly? 5) Do children take care of poor parents? (My husband is currently well off. And we give the best to our parents and children. Will we too be taken care of similarly)? 6) Many parents who are financilally dependent on their children in their later years are insecure and encourage disharmony in thier children's married life. Why?
Where to save for early retirement? I'm almost 24 and I've saved about $20000 for retirement in my TSP and Roth IRA. Although my income isn't that high, I can easily save at least $10000/year, and I plan to save more than that as my income increases. I think that I may want to retire early, but with the TSP and Roth, I have to be 59 1/2 to make withdrawals. What type of account can I save in that will let me have access to some money sooner?
I want to save for retirement, help!? I'm 35 y/o and have $0 saved for retirement. What would be the best way to get up to speed? I clear about $1,200.00 and spent about $800.00 paying bills, etc.
Save money? retirement plan? Hi, im a 23 year old army soldier whos serving in iraq. I have been very bad with my money but thats gonna have to change because im getting married when i go on leave. Im thinking about putting money away, like a retirement plan or something. Can anyone name programs that i can do to start saving up now? Thanks
Retirement? I make around 35.000 dolars a year, I'm married but my husband is graduate students so no money from him! We are 30 years old and we need to start saving for retirement too. What should we do? How can we save for retirement and live ok? Thanks for all the help you can give me.
retirement? been thinking, how much would some one need to save for retirement living in the wild... like at camp, only going to the city for yearly supplies.. and in retirement for about 30 years? ok... what i mean by living in the wild i mean no internet, no electricity at all....and a tent no.. i mean like a cabin, woodstove, no cell phone, car, running water even.. all no.. just like they use to live way back in the day, like 1800s but in the forest on a lake (and i know the land prices are expensive in the places i would like to build) sorry forgot to mention, im about 20, single, no kids.. no plans in having kids.. possibly marriage.. i have a passion for photography and camping deep in the forest... im talking about the bare minimum you need in life.. small home, living dependently off my self and nature entirely
How to Save for Retirement With Unearned Income? I am a graduate student, and I exist on a stipend from my university that covers my living expenses (I do not pay for tuition, I do not receive a W2). I pay taxes on the stipend, although they are not withheld. Since this is not earned income, I can't put any of it in a Roth IRA as I would like. So, what would you recommend as the next best option for saving for retirement? I would rather not wait until I receive my PhD in 5 + years to start saving, especially since at the moment I have few expenses and no family to support.
Should I buy a house or save for retirement? I'll be eligible for the company 401(k) plan soon. I want to make the maximum allowable contribution and start a Roth IRA which I also plan to fund fully. I have 10k in my bank account and I'm adding about 2k to that each month, but my retirement plans will negatively impact my savings rate. I moved out of my first house last year which I'm renting out for a small profit, and I'm currently residing in an area colloquially known as "Da Hood". My rent is $500 / month and set to increase by 3% at the end of my lease in March. If I buy a home in a respectable neighborhood, my living expenses would increase substantially. Should I wait and save more money or go house hunting? I have zero retirement savings and I'll be 30 in just a few short years. I don't see the purpose of renting in a better neighborhood. Right now, my living expenses are very low and my biggest inconvenience is driving across town to do my grocery shopping.
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