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kristinel
Steinbeck
Member since 5/08 1224 total posts
Name:
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Spin Off to Snow Day Savings
Where would one turn when looking to start saving for retirement? I'm 29 (DH) is 28. He has a retirement plan through his employer. My employer has a 401K plan that I haven't joined yet. Are there ways to save outside of your employer? Sorry, I'm an investment dummy.
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Posted 12/31/08 1:34 PM  |
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Long Island Weddings
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wannabemom
look who's freshly baked!
Member since 12/07 7364 total posts
Name:
aka marriedinportjeff
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Re: Spin Off to Snow Day Savings
usually, your employer matches your contributions, so your nest egg grows faster... so if that's the case, it's best to invest through your employer....
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| Posted 12/31/08 1:37 PM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: Spin Off to Snow Day Savings
Start NOW. It's awesome! And the sooner you start, the more you'll have.
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| Posted 12/31/08 1:38 PM |
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kristinel
Steinbeck
Member since 5/08 1224 total posts
Name:
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Re: Spin Off to Snow Day Savings
There's no external investments. I'll probably speak to my FIL. He had a plan through his employer and his own personal savings. He retired at 55 and is living quite comfortably.
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| Posted 12/31/08 1:39 PM |
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kristinel
Steinbeck
Member since 5/08 1224 total posts
Name:
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Re: Spin Off to Snow Day Savings
Posted by MissJones
Start NOW. It's awesome! And the sooner you start, the more you'll have.
That's what I was thinking.
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| Posted 12/31/08 1:39 PM |
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Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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Re: Spin Off to Snow Day Savings
Banks and investment companies offer IRAs. Chase, Citibank, Fidelity, Oppenheimer, etc.
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| Posted 12/31/08 1:40 PM |
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SnickNNick
In our new house!!
Member since 8/08 2119 total posts
Name:
Nicole
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Re: Spin Off to Snow Day Savings
Posted by wannabemom
usually, your employer matches your contributions, so your nest egg grows faster... so if that's the case, it's best to invest through your employer....
Definitely, this is the place to start! Many employers will match up ot 3 or 5% of your salary (if you contribute that much of course) 
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| Posted 12/31/08 1:46 PM |
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PumpkinGirl
:o)
Member since 10/08 1838 total posts
Name:
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Re: Spin Off to Snow Day Savings
I contribute to my employers retirement, which they match.. but I also max out my IRA contributions every year.
Speak to someone about also opening up either a Roth IRA or a Traditional IRA, to see which is better for your age & income. I have a Roth for my situation.
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| Posted 12/31/08 2:01 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Spin Off to Snow Day Savings
i started my 401k at 21.
while they say its never too late, the earlier you start the better!!
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| Posted 12/31/08 2:03 PM |
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