Retirement
 

For those of you who don't have a company sponsored retirement plan, how do you invest for retirement?

I have a 401k with the company, but I also try to save money each week, at the end of the year I then make one large payment to my Roth IRA account. The good thing about a Roth is that because you fund it with AFTER tax money ALL the returns are TAX FREE! You may be able to set one up at a credit union but not sure on that. I went to Dave Ramsy's website and looked for a local endorsed provider and came up with a pretty good guy. He also streed me right on the grandkids collage acounts at NO CHARGE.

What is this "retirement" that you speak?! There are a few things that you can do. Having an IRA is a way to shelter a small amount of money each year. If you incorporate, you could set up a 401k. That would be one of the easiest ways in which to set up your retirement program.

I guess I should go to a bank and see about an IRA..

Thanks guys

Investing for my retirement? Way to make a 32 year old have a mid-life mini-crisis here! I've been living for the moment instead of focusing on the future. My company has absolutely nothing to offer for retirement, it's left up to us workers to go take care of it ourselves or take SS when the time comes. So an IRA is another option to look at, in particular a Roth?

I got forced into retirement too early, and now I have to work my ass off hunting or fishing all day, just to put a little meat on the table. :)
Not to mention the pulled muscles trying to haul in a bucket full of these master angler size blue gills.

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OH THE HORROR!!! Say it so Roadie! I've looked forward to retireing and now you tell me I have to go hunting and fishing? All day??


I've been planning for this for most of my working life, nothing and I mean NOTHING is more importent than TIME! Time can be your best friend or worst enemy when it comes to retirement planning! I don't have the numbers but it really is unbelievable how a few thousand can roll over into a BIG chunk over time. If you wait it takes so much more each week to just come close.
Please do your self a favor and google "retirement caculator" and plug in some numbers.

in New Zealand ur taxs pay for your pension which you get at 65yrs old bout $600 a week married couple wife not need to be 65 ,if you working little bit less ,#300 if single.70hrs a week driving you get $1100 $1200 a week.so if you keep working you get a good pay rise

little bit of meat alrite did they come outa ya goldfish tank,throw them back they undersize

While I don't have a Roth IRA (yet), I do have a few dollars invested in some stocks and a few less dollars in bonds. Granted, I've only had those for three years now, but it's been doing rather well, especially compared to inflation and the banks' rates for savings accounts (which I have) and Certificates of Deposit (which I also have a few of).
I also keep a little floating around in the checkin' account for those times where I'm sitting at the dealer, waiting for repairs... just like right now.

okay, I'll throw them into my 5 gallon fish tank. ;)

salmon are running the rivers, so the vacation is over and I have to do some back breaking fishing now. :p
retirement is hard work.

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Retirement is just too hard. I think that I will continue working.

freebirdrfd, if I were you I would find a CPA that you felt comfortable and see if they could offer some suggestions about your retirement and how you could shelter some of your income. I read something about having a 401k for sole proprietors. According to what I read, you can have a 401k as a proprietor as long as you are the only employee. It is my understanding that you cannot have any employees and have a 401k. If you have employees you will need to operate under a different business structure, such as a corporation, LLC, etc., in order to qualify for a 401k. Having a formal retirement program, such as a 401k or IRA could defer some taxes, but the way the government is heading you might just have some investments, such as real estate or stocks and do as well without having to worry about future taxes.

I put the money in a weatherproof container and bury it. Safest thing I know to do with it these days.

Ever read or hear about the parable of the ten talents?

Guess not....enlighten me....gee did I have to actually sign on before you'd tell me? Or is this one of the stupid games?

Here's the most "Useless Advice" I can offer:

1.) Chain Letters

2.) Pyramid Schemes

3.) Claim Your Winnings In The Nigerian Lottery.

4.) Become A Lease Operator For C.R. England.

:p

C.R. England would be my last resort

My last post was directed at you. You've been missing for months. I had no reason to explain the parable to others. It's in the Bible. Not a "stupid game." Just a conversation.