 What is a good site to find SIMPLE ways for novice to invest? |
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 Should i borrow from bank at lower % and invest in a fund (read more)? |
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 Where i can find information in regards to Stock market for a beginner? |
i just want to know how can i updates myself on stock market.
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I am watching a small (very small) stock portfolio slip from small to miniscule. It's fallen by 30%.
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 Any good website? |
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robertonduty | How much is enough? |
at your age, how much is enough to haved saved for your retirement? |
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imbrue001
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When you can live comfortably off of the interest earned from your savings then you have enough. So if I had one million earning 4.5% interest, that would be 45k componded annually. Therefore, the answer for most people would be in between 1 and 2 million. |
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wph00
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Interesting question. In simple terms you can never have to much. Whatever estimates you are using, chances are they are most likely not going to be enough. How much depends upon your expected standard of living at the age you choose to retire. The younger you are the more you will need, of course within the confines of your selected standard of living. A quick rule of thumb is 80% of your current income to live at the same life style.
I would suggest you use google or yahoo to explore the Internet for present and future value calculators. If you are not familiar with present and future values of a dollar do a little research. Myself I plan on a retirement income of 120% of my current income. Of course there are a whole host of other considerations involved in the question you posed. |
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karl
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About 2 million dollars. |
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riglerjv
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It depends on how much you want to spend. For me, I agree with the previous answer of $2 million. With $2 million, say you get about 8% rate of return ($160,000) annually, which is not too difficult with a properly diversified portfolio. You could spend $100,000 on your living expenses (don't forget to include taxes in this), and be able to reinvest $60,000 (3% of the $2 million). By doing this, you could give yourself a "raise" of 3% every year, and never ever run out of money. You would be able to keep pace with inflation, so your standard of living would not go down. (Keep in mind I am assuming an 8% rate of return, your return will certainly be varying both above and below that amount, so your results will be different). |
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banana8
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You can never have too much saved for your retirement. |
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russrimm
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When I turn 67 in 33 years, I hope to have around 3 Million dollars (in future dollars). In today's dollars that's around $1 Million. I've calculated that should be enough to live on at about $70k/yr in retirement in today's dollars. |
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takeitez2
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I don't mean to sound short sighted but all I can afford to save. Currently I am saving at a rate of 12% of my salary. Along with my real estate and planning on downsizing I'll do just fine.
But as a previous mentioned, 80% would do nicely as it is typical for retirees spending habits to reduce significantly unless they are going to be world travelers. |
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