 I'm 22 in college and I want to retire when I'm 40. I have $3,000 to invest? |
| right now what is the best investment stradegy for me to use so that I can retire at 40. I'm thinking about ETFS but I need to learn more about it before I invest.... |
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| Im looking to invest long term 5-7 years. Going to pgm(golf) college in a year so Im going to invest 40,000 short term investments in moneymarket or cd account for incase emergency funds. The ... |
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 Whats the best way to get money? |
I need Idea's.
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I'm saving up for a Chihuahua. I need some Ideas on how to raise money?
I'm 13 years old and I'm saving up for a Chihuahua. I need the money soon. I need $175. My mom told me if I ... |
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 How would you invest £1000 pounds? |
no silly answers please and if you're going to say shares, then how do i begin? Who gives me my money? thanks :)
Additional Details
$2,014
http://finance.yahoo.com... |
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 What would you do? |
| What would you do if you had 50 million dollars?just for fun.. question.. (i didnt really know where to place a question like this so...)... |
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 I have like 5 grand to invest.? |
can be long and short term. I dont really want to play the stock markets because i dont know what im doing.
any ideas
and no I wont give it to you ... |
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| Hi, I'm a mom looking to make extra income from home. Can anyone help? Do you know any work at home website that really pays?... |
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 Is it better to pay off an $11k balance on an 11% credit card or max out my Roth IRA this year? |
| I currently have $11k left on my 11%APR credit card. I'm thinking of paying that off and not investing any funds towards my Roth IRA this year. Otherwise, I could put $4k in the Roth and $7k ... |
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 I would like to purchase stocks what should i do? |
| i have no idea about stocks but i want to invest in some so if someone could school me in stocks that would be great any tips jus leave ... |
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 Its easy to find the stock that move the highest % or volume but i want to find a way to see which stocks? |
| move the most $. I know GOOG, AAPL, RIMM can move $20 or mre a day but where's the list of ALL these money movers? I much rather buy fewer shares that move $ than thousands of shares that move ... |
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 What plans for how to spend it can you think of? |
| I'm inheriting over 16 Million Dollars and personally I'd like to figure a way to invest it so that I can make more money. I'm thinking gold bullion but I'm not sure how much of ... |
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 If I gave you $100,000 today, what would you do with that to live the rest of your life w/o a "regular" job? |
| Obviously if you spent it on clothes for yourself or something silly like that, you wouldn't be able to survive for the rest of your life...... |
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Joshua | Investing my wife's salary? |
I'm engaged. My fiancee graduated with her RN in December. I'll graduate with my Master's next May and we''re getting married June 17th, 2010. Here's the deal, she's living with her parents and working 40 hours a week at the hospital. She'll be saving all her money up, that way she can put a downpayment on our house, and I'm currently working at Starbucks and am saving up for the wedding. Both of us have full ride scholarships due to honor's college, so working @ Starbucks does more than cover my school costs. When we get married, we decided we'll save ALL of her income and live off of mine. What's the best way to invest her salary, which is about 40k a year? basically, I would really like in 20 years to have a flood hit our house and we can build a brand new one, and use only that year's interest to pay for it, and not touch the actual money. |
 |
 
what?
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why not use the cash to fund both of your retirement accounts?
if both of your 401k's are fully funded for $16,500, that would take up $33,000 - and you wouldn't have to pay tax on it.
then, you could fully-fund both of your ROTH IRAs, for $5,000 each.
That would only take $43,000 - $3k over her $40k salary. assuming that you were planning on contributing to your own retirement anyway, you're there. heck, even if you didn't, the tax write-off on the $33k will more than make up for the extra $3k out of pocket.
if you put away the $43k/year, and you earned the historical average return on the stock market for the next 20 years (about 10.5% per year), you'd have about $2.6 million. If you did it for the next 30 years, you'd have about $7.7 million. If you did it for 40 years, you'd have about $21.8 million.
now, this scheme would still have her pulling a paycheck - to fund your 401k deduction. but you'd still effectively be saving the money from her job.
if you want to do something on top of that (never a bad idea), ,just set up a direct deposit into a taxable brokerage account, and treat it the same as your retirement accounts.
but, if your first goal is to save for a down payment, just set up a direct deposit to a high-yield savings account (ING Direct, etc.). Then start the super-retirement savings binge after that. |
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Judy
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I like Charles Schwab's checking account or brokerage accounts.
They give you free checks and a visa card in case you need to take cash out. They also have moneylink, lets you tranfer money from your regular (local) checking account.
Fidelity is one for richer people - consider that one if you have 3,000 to start up.
I can buy Cd's for free, ETF's, and they also have no load/no fee mutual funds (doing crappy right now).
You can also open up an IRA. You might be able to put some money away in that and get a nice tax deduction - like free money.
Do not trust local banks for investment accounts - they will fee you to death.
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doreen k
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First, invest a total of 6-12 months of your living expenses in a liquid account, such as a high-yield FDIC or NCUA insured money market account. That is your emergency fund and you want to keep that out of the stock market in case you lose your job and need to pay expenses while you're looking for another job. Any money that you need quick access to or access in less than ten years should NOT be invested in stocks.
For money that you don't need for 20 years, consider investing in a low-cost (such as Vanguard) broad market mutual index fund. Index funds outperform managed funds 90% of the time, and they have much lower fees.
To minimize the tax hit on your earnings, invest the maximum amounts first in 401K and Roth IRAs (assuming you're under the approx. $160,000 limit for a married couple filing jointly to qualify for a Roth IRA). Some of this may actually be coming from your paycheck, but you can still base your total investment amounts on the amount of your wife's salary.
By all means, in this economy you are making a wise decision! It is especially important to maximize your savings during uncertain economic times.
Best wishes, and congratulations on your engagement. |
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jmssky
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i think your dream is a little bit impossible, but I think its great to invest your wife's salary. i wouldn't say stocks, maybe bonds or something. you should talk with an investment agent at a bank and see if they can help you further your goals. |
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Norman O
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Your ideas are great. Find a GOOD financial planner who works on a FEE basis, NOT on commission. Then listen to him and do what you think is right. You are definately off to a great start. |
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Robert M
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fully fund your IRAs with equity mutual funds |
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Thor
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Other than contributing to a 401(k) to get the maximum match I suggest you invest on taxable basis if your income tax rate is low. Then when in a higher bracket invest in the Roths, IRA, max out 401(k)s or whatever, pretax and tax deferred. That gives a higher tax benefit and you can do that easier, later, if you already have other after tax investments.
Making such long term plans is great but life tends to get in the way and few can stick to it. So I suggest you reward yourself for saving money. I am all in favor of having the dividends and capital gains that taxable investments generate sent to you to spend if you like. This helps you watch it grow and it helps keep you depositing, saving.
This helps people keep investing. If it is all going out and nothing coming in people don't stick with it in my experience.
You should start with diversified mutual funds with a low cost fund company. You can invest fancier later as you learn and gain assets.
Good Luck. |
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sharon s
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the market today is not that good as well you know, I would wait on the 401 until after marriage. The best way I think is to consider a RIA. for the next 20 yrs. Read and look at what they have to say. Put some money into a a CD you can roll it over every 6 mos. and the interest maybe on the low side but, they are safe. Good luck you two seem to have your ducks lined up in a roll. Nice to see. |
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bow8810
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long term ticker c or in hig or dre or ge |
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muncie birder
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One mistake a good many people recently made was buying a house that they really could not afford thinking that they could flip it and make a killing. Don't let that happen to you. As for the flood, you had better invest in flood insurance then. Regular home owners insurance does not cover flooding. A Roth IRA account will be a good way to invest some of the money. As for the specifics of what to invest in, at the moment nothing looks too appealing. But the way the government is pissing away our tax dollars it might be best to invest outside of the U S. |
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elise_flowerchild
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look into retirement savings accounts. Talk to a financial planners about IRAs |
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Football mom
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Its very nice to see a young couple with their act together and truly planning for their future! I wish you both the best of luck!!!! (sorry I couldn't answer your question) |
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helen of troy
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so what's your question? |
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Big Bully
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Make sure you have flood insurance |
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lisa_swarn
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you answered your own question. |
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subzerosuperman
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Invest all her extra money in gold.
It never fails to go up especially while the economy is going down. |
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manningjames34
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in this economy?? good luck!! |
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