Max out your 401k if you have one. Also create and max out a Roth IRA. Growth, aggressive growth, and international stock mutual funds. Whether you max them all out or not, be consistent in your contributions each month and by age 55-60, you will be a very wealthy man.

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Posted by Teddy Ruxpin

Member since Oct 2006

39747 posts

Posted on 2/2/13 at 3:29 am to TDsngumbo

For sure. And as i mentioned in another thread, if you qualify get your self an HSA and abuse the hell out of it.

That gives you 3 advantaged accounts for investing

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Posted by Blakely Bimbo

Member since Dec 2010

1183 posts

Posted on 2/2/13 at 9:32 am to TDsngumbo

quote:
Max out your 401k if you have one. Also create and max out a Roth IRA. Growth, aggressive growth, and international stock mutual funds. Whether you max them all out or not, be consistent in your contributions each month and by age 55-60, you will be a very wealthy man.

Fed have got their eyes on the prize.

quote:
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. “That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details.

Bloomberg

I don't know if anyone has already posted this article from Jan. 17. Over time, The retirement savings accounts are going to be at risk if this country does not get a handle of spending. You can bank on it.

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