Congratulations! If you have followed the steps we have laid out thus far, you have built a solid foundation for your retirement. Stick to your retirement savings plan and you have guaranteed yourself comfort in your golden years, 30 or more years from now.
To summarize the retirement savings strategy that I have posed:
Set up a Roth 401(k) or 403(b) plan […]
November 1st, 2006 |
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"The Plan", Retirement, Roth IRA |
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In this article, we’ll determine how much you need to save each month in order to adequately fund your retirement.
The first task in planning for retirement is to determine how much money you will need to live comfortably in retirement. To accomplish this, we’ll use the Time Value of Money calculator that I posted […]
September 25th, 2006 |
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"The Plan", Retirement, Roth IRA, Saving |
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There are two key features that you need from your Roth IRA account:
1) the ability to automatically invest in stocks and/or mutual funds.
2) low fees.
You will hold the investments in your Roth IRA for at least 30 years. Over such a long time horizon, stocks and/or mutual funds will offer you the best return […]
September 17th, 2006 |
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"The Plan", Retirement, Roth IRA |
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By now, you should be the proud owner of a convenient local checking account and an interest-bearing savings account that will keep your short-term and emergency funds safe from inflation. (if not, read my last post on Cash Flow accounts.)
We have only just scratched the surface. To really put your money to work, you will […]
September 10th, 2006 |
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"The Plan", Retirement, Roth IRA |
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