What can I do if I got a late start planning for retirement?
Answers:
That is an awesome question. The second source book below will help you get to your answer. It's going to explain how money is made, created and kept. I commend you on getting this information early on. The world has changed; it's no longer "go to school, get a good job, and that job will take care of you for the rest of your life." Ask the senior citizens and the baby boomers how that is working....it's not! We see seniors at fast food restaurants and wal-mart stores working when they should be enjoying their golden years. We are in the information age, the rules have changed. You've asked the most important question that ANYONE could ask.
The great news is we are just entering the information age (12-13 years now). With great change comes great opportunities. The second source book below will help you come to a decision. Just do your homework, if people can't source it, their information is probably just an opinion and everyone has one of those. All that is going to do is waste your time and money.
IN THE INFORMATION AGE SUCCESS BEGINS WITH THE CORRECT INFORMATION SOURCE.
Be careful who you listen to, they may be broke (financially or thinking). Don't get information from people that don't live or have the lifestyle you want to live or have.
Good Luck!!
Define late start. Probably invest on your own in bond funds!
Let's correct one thing here.......
You did not get a late start "planning for retirement". You got a late start "taking action to prepare for retirement.".
You can plan all you want, but unless you take ACTION, you are screwed.
People need to PLAN for retiement in the 20-25 age bracket. They need to take ACTION in preparation for retirement 25-55.
If you are over 50 and feel that "you got a late start in PLANNING for retirement", just grab a bottle of whisky and drink your troubles away because you have already blown your opportunity.
401K with a company that matches all or a percent of what you put in. You can also put away money in Money Market, CD's, or IRA's. If you understand the stock market you can also invest in that but it is risky.
Spare a portion to invest in Fund and Stock very month, that secure you life.
Also, you can consider to do some internet jobs such as read eamil to get paid, process email online, etc. You do anywhere and at any time only if you have a computer and able to access Internet. Here is an example I am doing, registration fee is FREE, copy and paste this link to a new internet browser to look detail: http://hits4pay.com/member/join.cgi?work...
http://e-mailpaysu.com/members/index.cgi...
Speak to a financial advisor. A late start is better than no start at all.
Save as much as you can and invest the money in good stock mutual funds.
You also want to get that debt situation cleaned up.
In the first place, you didn't get a late start. Secondly, people stress over this issue needlessly. You don't need a pile to retire comfortably. Do you know how much you're going to leave behind when you die? All of it. If you're smart you'll have some kind of job until you are incapable of working anyway. Either that or sit around and wait to die. Start a Roth IRA and put a little in there every paycheck. If you have a 401k plan at work take advantage. Your money is best invested in broad based index funds. Don't worry about thirty five years from now. Worry about now.
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