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Retirement Savings 101
Posted by Gina Trapani at 6:00 AM on December 18, 2007
Personal finance blog The Dough Roller offers a great introduction to retirement accounts, from IRA's (Roth and traditional) to 401(k)'s. If getting started with a retirement account's been on your mind, 2007's a good year to start, and this is a good place to get a primer. You've got till April 15th of 2008 to max out the old retirement for this year, but if you're just getting started, now's the time to research your options. (In case you're wondering, I opened up a Roth at ING last year.)
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PotKettleBlack
Posted 9:08 AM 18/12/07
Uhm, Social Security is running out by 2045 or so, and that's really the planning horizon for it, so I wouldn't worry about it not being there. As to it being up to your needs, that seems unlikely. So, whether it's there or not, you STILL need to save/invest for retirement. Lemme repeat, for Lawksalih, regardless of whether SS stays solvent or not, you will need to save/invest towards retirement, work forever, die early, or go mobile, homeless style.
So sayeth an MBA.
PotKettleBlack
lawksalih
Posted 8:28 AM 18/12/07
Social Security is running out, so why save for retirement.
lawksalih
jddphd
Posted 6:41 PM 17/12/07
It's all about the Bogleheads, baby.
[www.amazon.com]
jddphd
tony3tlh
Posted 5:15 PM 17/12/07
A wonderful guide to retirement and investing in general is William Bernstein's web page www.Efficientfrontier.com and his book The Four Pillars of Investing. It is based on the Nobel-prize winning economics work of W. Sharpe. He wrote the first version that was widely-praised, but his non-science/engineering friends couldn't understand it; so he re-wrote it (into 4 pillars) and I don't think he lost anything. Highly recommended.
tony3tlh