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| t4nk |
 Posted: Tue Feb 08, 2005 3:37 pm Post subject: What are the didfferent types...? |
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Investing Associate
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| What are the different types of retiment plans and when should someone start thinking about it what age would be the best? |
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| jbw |
| Posted: Tue Feb 08, 2005 4:17 pm Post subject: |
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New Poster
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You should start to consider a retirement account as soon as you have income. You can open a Roth if you have any wage income, and if you start at an early age take advantage of many years of tax free componded income.
If you get a job that offers a 401K plan then join it as soon as you can. |
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| t4nk |
| Posted: Tue Feb 08, 2005 4:22 pm Post subject: |
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Investing Associate
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| MissDawn |
| Posted: Wed Feb 09, 2005 11:01 am Post subject: |
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Investing Associate
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| That's very helpful information.Thank you. |
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| Aladdin |
| Posted: Thu Feb 10, 2005 3:16 pm Post subject: |
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Investing Associate
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| An easy way to add to your 401K is to up the amount you put into it every time you get a raise. You don't have to put the whole raise into it but any little bit helps and increases your investment. |
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| TheDisneyBunch |
| Posted: Fri Feb 11, 2005 7:43 am Post subject: |
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Investing Associate
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| Start as early as you can. You will need a lot to retire. |
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| trixiezzz |
| Posted: Sat Feb 12, 2005 6:23 am Post subject: |
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Investing Manager
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| It's younger people who can really end up being millionaires if they start investing early. You have all those years to let your interest grow and grow. Sadly, they are the ones who seem to think the future will never come. I wish I had put away more when I was in my 20s...! |
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| chop456 |
| Posted: Sun Feb 20, 2005 7:03 am Post subject: |
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Investing Sr. Associate
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| We have an advisor through my 403(B) plan. He actually calls me each summer just before my raise kicks in and asks if I need anything. I always end up taking part of my raise and increasing what I am putting into the account. I appreciate his call, because I would NEVER call on my own! |
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| trixiezzz |
| Posted: Mon Feb 28, 2005 4:26 am Post subject: |
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Investing Manager
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| Actually if you are very young and just starting out in your working career, it's hard to think of it as saving for retirement, because that seems so far off! Instead, think of it as getting paid an extra 15% - 25% in salary. Because by deferring taxes on the money you put away, you're actually making more money. |
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