Retirement advice for someone with a good 30+ years left?
Howdy, I am just looking for advice. I am a fresh college graduate with a degree in accounting. I am married and we do plan on having kids. During the next two years I know I/we will be making a substantial income, because I will be getting paid for two jobs, and my wife for hers. Afterwards I will be making roughly 70,000 a year. I plan on sticking with that job untill i reach the retirement requirement for that job. 17 years (i have previously worked for them). I am just seeking some good advice to ensure I will be able to provide for my family as well as be able to retire young. I know about the stock market, bonds, etc. But what I dont know much about (other than for tax purposes) is IRA's, 401k's, as well as proper diversification. I don't want to risk a lot but I also want my money to be able to grow. It would be great if I could hear some ideas and maybe some good internet sites i can go to to help explain some of this too me. It would be much appreciated. Thanks
Asked By: Tim E - 4/4/2007
Best Answer - Chosen by Asker
Answered By: wabboc - 4/5/2007
Additional Answers (3)
IRAs and 401ks are just special accounts with the following features... More
Answered By: Dave W - 4/5/2007
Maintaining and growing capital sound like they are your key concerns, and staying diversified is important as well. You should be careful not to over-diversify though, because that can reduce your portfolio returns. If you look for help, places like economicinvest.com can be a great place for answers. They provide... More
Answered By: redfearn_jc - 4/5/2007
For more retirement information head over to http://www.retirement-life-today.com
Answered By: Tom T - 4/6/2007
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