IDBillzFan Posted April 11, 2010 Posted April 11, 2010 Half a mil ain't getting you far. Don't worry. He's gonna sue himself for the rest. Championship.
meazza Posted April 11, 2010 Posted April 11, 2010 Half a mil ain't getting you far. Depends who. My mom retired with about 150K and rental income. Then again, my mother supported 4 kids on a 20K salary, half of that as a widow. Now we take care of her
ExiledInIllinois Posted April 11, 2010 Posted April 11, 2010 Enlightment is non-attachment. I see you guys have a terrible struggle ahead.
ExiledInIllinois Posted April 11, 2010 Posted April 11, 2010 Depends who. My mom retired with about 150K and rental income. Then again, my mother supported 4 kids on a 20K salary, half of that as a widow. Now we take care of her
Fan in San Diego Posted April 11, 2010 Posted April 11, 2010 I never recommend target date or life cycle funds because the fund company chooses the equity to bond mix which does not take in to account the investors risk tolerance. So you want to retire in 25 years but you're a very aggressive or conservative investor the portfolio is not necessarily going to reflect that. And sure asset allocation is probably the most important tool for reaching your retirement goal but what's also very important is saving the right amount and dollar cost averaging. So Chef Jim, where would you park/invest large amounts of cash for safe keeping but yet earning some money as well?
meazza Posted April 11, 2010 Posted April 11, 2010 So Chef Jim, where would you park/invest large amounts of cash for safe keeping but yet earning some money as well? Generally, you'd have to pay for that kind of question.
Jim in Anchorage Posted April 11, 2010 Author Posted April 11, 2010 So Chef Jim, where would you park/invest large amounts of cash for safe keeping but yet earning some money as well? I think that's been answered here. S&P index funds.[i am not a Chef Jim, but I play one on TV]
Fan in San Diego Posted April 11, 2010 Posted April 11, 2010 Generally, you'd have to pay for that kind of question. Not among buddies.
whateverdude Posted April 11, 2010 Posted April 11, 2010 I think that's been answered here. S&P index funds.[i am not a Chef Jim, but I play one on TV] For what it’s worth most of the anal-ysts are saying sell the S&P at 1200-1290. We’re almost there! So if you get in now you’re in for the long term.
KD in CA Posted April 11, 2010 Posted April 11, 2010 I'm counting on the 'American Retirement Act' that is sure to be a centerpiece of Obama's second term. Now that we've got free healthcare, no reason we can't have free retirement!
IDBillzFan Posted April 11, 2010 Posted April 11, 2010 I'm counting on the 'American Retirement Act' that is sure to be a centerpiece of Obama's second term. Now that we've got free healthcare, no reason we can't have free retirement! I thought you'd get a kick out of this video. It's for the ObamaPad. For those who can't afford the Ipad. I was going to stick in the Ipad thread in OT, but that likely would have sent that thread over here, which would be unfortunate. If you like that video, you'll enjoy his Day 1 Video Blog Obama Pad review here.
Chef Jim Posted April 11, 2010 Posted April 11, 2010 So Chef Jim, where would you park/invest large amounts of cash for safe keeping but yet earning some money as well? Which of those in bold do you want me to answer first? Not among buddies. I'm not sure you fit in to that list.
Nanker Posted April 11, 2010 Posted April 11, 2010 I'm counting on the 'American Retirement Act' that is sure to be a centerpiece of Obama's second term. Now that we've got free healthcare, no reason we can't have free retirement! That's agist and will not be popular with the BO PotTart crowd. Much better to have the American Fan Act whereby everyone gets seasons tickets to the team of their choice. Of course, in keeping with the fact that most of the "stimulus" money was porked over to the Obamanation districts, and the fantastic new 'health care' bill, the following is likely to be part of that law: If you vote for Democrats - you get seasons tickets. If you vote for someone else - you don't get the tickets, you just get to pay for everybody else's.
Fan in San Diego Posted April 12, 2010 Posted April 12, 2010 Which of those in bold do you want me to answer first? Safe yet earning please. I'm not sure you fit in to that list. Does anybody fit that list?
keepthefaith Posted April 12, 2010 Posted April 12, 2010 I'm counting on the 'American Retirement Act' that is sure to be a centerpiece of Obama's second term. Now that we've got free healthcare, no reason we can't have free retirement! I think free cars and free car insurance are coming first. http://www.russellsage.org/publications/wo...20Gaps/document
finknottle Posted April 12, 2010 Posted April 12, 2010 I think free cars and free car insurance are coming first. http://www.russellsage.org/publications/wo...20Gaps/document Funding for this research courtesy of the National Science Foundation.
keepthefaith Posted April 12, 2010 Posted April 12, 2010 There are some pretty sharp people here and I wonder how you are planing your retirement. I have very little in IRA's, I put all my extra money in rental property [Wonderful tax benefits, by the way.]Background-53, figure 15 years to go. 1. Work your ass off and save as much as you can. 2. Get debt free. 3. Figure out how to be happy on less money. 4. Invest wisely which usually means leaning heavily on outside advice.
DrFishfinder Posted April 12, 2010 Posted April 12, 2010 I'm planning on working until I drop. Divorce from former wife & current wife out of a job for almost 2 years has wiped out all hope of retirement. Actually, I will probably drop while working.
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