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copteacher
Adjunct
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Joined: 08 Jun 2002
Posts: 20588
Location: Teaching in the Halls of Justice
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 Posted: 12/18/05 - 09:05 Post subject:
We have a variety of investments spread all over. Robin has a 401 k from an old job that is making like 11 percent per year and has almost doubled since she left and has not contributed a dime.
I have a pension from work, deferred comp plus some individual stock I have invested.
Robin has a 403b through tiaa/cref that is doing quite well also. I stay right on top of it and manage it quite well, Robin just puts the money into the account and I decide how it is invest it. So far we are making over 10% per year in our investments.
Diversify is the key
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 12/20/05 - 09:49 Post subject:
I love Pearls Before Swine!
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blue
your favorite weapon
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Joined: 21 May 2002
Posts: 7010
Location: armed and ambitious
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Posted: 12/20/05 - 09:55 Post subject:
i haven't started... i have one RRSP that i haven't cashed.
it's hard to save for retirement on $10/hr... especially when you go to disney world, want to buy a house, want to buy a car, want to get married.... (...bought more hockey cards then you probably need).
compound interest is still in my favor - but i gotta get moving on that. life isn't much fun if you save all the money you make though...
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andydp
Member
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Joined: 23 Sep 2003
Posts: 8122
Location: Upstate NY near Albany
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Posted: 12/20/05 - 14:25 Post subject:
thought about it and planned for a long time.
Joined the military for its plan. So it looks like I get a nice check every month, along with free meds and VA services to back up my health plan from work.
I also contribute to my 401K plan and have a pensioon coming from the USPS. With Sociual Sec this ought to keep me comfy. I'm used to a certain level and I think I'll be OK with what's coming.
The biggest thing I think about (wife does not in the least) is where to retire. Florida is out (Sorry FL Residents - not interested). I'm seriously looking at Asheville NC or anywhere in the south with two factors. Short winters, non killer summers and no hurricxanes. I've also been looking at Arizona - I like that dry heat. (OK I know about the 120 degs)
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