Are you "lucky"if you have a secure retirement?

[rmk700]

I always try to tell young recruiting employee's to get on a retirement plan as soon as possible and it's like a small raise. They generally figure retirements to far out to worry about right now.

 

[ovrszd]

Well...out of 507 total replies there are at least 91.6% that deal at least in part with the topic so I respectfully disagree.

You actually counted and formulated that percentage??? Amazing. So in this reply what words exactly do I have to use to be "on topic"?? Just want to make sure I add one or more of those words with each post to keep your ratings up....... So I don't screw it up,,,, "luck".

 

[timswi]

I always try to tell young recruiting employee's to get on a retirement plan as soon as possible and it's like a small raise. They generally figure retirements to far out to worry about right now.

Absolutely. I listened to4, and absorbed everything my dad told me and investing was a big one..Even when I wanted to spend my money on other things...

I recall talking to guys at work that were older than me and making much more than I was and them telling me that they "couldn't afford to" put money away...Now they are trying to plow away "make-up" contributions to compensate for youthful ignorance...

Glad I listened to Dad.

 

[JDgreen227]

You actually counted and formulated that percentage??? Amazing. So in this reply what words exactly do I have to use to be "on topic"?? Just want to make sure I add one or more of those words with each post to keep your ratings up....... So I don't screw it up,,,, "luck".

Are you kidding? No, I didn't actually count and formulate that perentage....I just made a LUCKy guess....:laughing: Yes...amazing !!!

 

[ultrarunner]

I always try to tell young recruiting employee's to get on a retirement plan as soon as possible and it's like a small raise. They generally figure retirements to far out to worry about right now.

People at work are always coming to me and asking about the work plan... I tell them straight up that 9 years ago the company stopped any match and the choice of funds is iffy at best...

This past year the provider changed and the choices are better... still no match.

By far the single best thing I ever did was get into rental property at age 22... classic cars a distant second.

 

[TomSeller]

Are you kidding? No, I didn't actually count and formulate that perentage....I just made a LUCKy guess....:laughing: Yes...amazing !!!

Note to self: don't play poker with JDgreen

 

[bf109v7]

Pics or it didn't happen???

I don't have many Pic of my Ex. But I think this 2 show what i ment. The first one is when we were about 24/25, the second at 55/56. And the last one is my new wife with me at 67 and her with 43.
Abd I don't think this is to much off topic. because you have to hav the right partner to have a secure retirement. Without my new wife I would have very, very little now. Or would be still working something to have an income. Alex

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[Egon]

People say investing is good advice?.

Remember Bre-X!

 

[Parkanzky]

People say investing is good advice?.

Remember Bre-X!

Or Enron or any one of thousands of failed companies. I've lost almost all of my investment in a few companies over the years, but I've never had nearly all my money in one company and my overall returns have been excellent.

Buy a good selection of low-fee mutual or exchange traded funds. Add a few stocks for individual companies when you think you see an opportunity.

Right now, interest is about 1/3 inflation, so piling all of your money into a savings account will guarantee that you lose buying power over time.

 

[check]

People at work are always coming to me and asking about the work plan... I tell them straight up that 9 years ago the company stopped any match and the choice of funds is iffy at best... This past year the provider changed and the choices are better... still no match. By far the single best thing I ever did was get into rental property at age 22... classic cars a distant second.

Yup. Real Estate. Worked for me!