 |
DCornstubble From Durham NC
04-30-2011, 06:49 PM
|
#1
|
|
Confused about dryer sheets
Join Date: Apr 2011
Posts: 3
|
DCornstubble From Durham NC
Hey! I'm 45, two daughters, one at NCSU and the other in HS. I figure I have 20 years to save before retiring at 65. Retirement assets about $50,000. Only debt is a $20,000 student loan (for my masters) and helping to pay for college. Any advice, any, would be appreciated. If more detail is needed, let me know.
Dean
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
04-30-2011, 09:03 PM
|
#2
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
|
Hi Dean, and welcome to the forum.
The only advice I can give is to read the forum. Check out past posts and stick with us. I've learned more here than anyplace else about how to prepare financially for retirement.
Coach
__________________
"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
|
|
|
|
|
05-01-2011, 06:20 AM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
|
Welcome aboard. Like Coach suggested, read posts on topics that interest you, ask questions as needed, set goals for retirement and then save & invest to get there.
I am retiring end of June and may be moving to your area next year.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
|
|
|
|
|
05-02-2011, 06:37 PM
|
#4
|
|
Confused about dryer sheets
Join Date: Apr 2011
Posts: 3
|
Thanks!
Thanks, folks. I appreciate it. I'm pissed that I started so late...that's why I'm trying to get my kids ready for it....
|
|
|
|
|
05-02-2011, 10:06 PM
|
#5
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
|
In my humble opinion...here goes...
Track your expenses on a detailed spreadsheet. Understand your benefits...such as pension/medical benefits from your job and social security. If you have a SO, discuss your plans and dreams...make sure both of you are on the same page. Get a second job if necessary to stash some extra cash. Play with financial calculators such as FIRECalc.
Check out this thread...
http://www.early-retirement.org/foru...ead-33198.html
Oh...and welcome to the forum Dean. 
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
05-03-2011, 05:46 AM
|
#6
|
|
Recycles dryer sheets
Join Date: Sep 2010
Location: Allen Park
Posts: 118
|
 Quote:
Originally Posted by dcornstubble
Thanks, folks. I appreciate it. I'm pissed that I started so late...that's why I'm trying to get my kids ready for it....
|
Don't  . You can't change the past. You're here now. So learn all you can and do the right thing from here on out. Some basics are tracking your spending. LiveBelowYourMeans. Save all you can. And read all you can to properly invest what you do have. Don't forget all the great support you have here if you have any questions. Not that I can answer them  , but many can.
|
|
|
|
|
05-03-2011, 08:17 AM
|
#7
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
|
Welcome and better late than never. Some folks never wake up to know they hold their future in their hands! And enthusiasm will carry you a lot further than you think, especially if you "get religion" about living below your means and saving as much as you can in the next couple of years.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
|
|
|
|
|
05-03-2011, 08:17 AM
|
#8
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
Welcome to the forums. Good advice above. Some people don't start planning/saving for retirement until they're 60 so don't sweat your timetable in hindsight. But at this point in your planning, why not let the kids take on all their own college debt while you sock away everything you can for retirement (you can always help them out later with repaying debt if you find yourself in a position to do so).
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
05-03-2011, 03:54 PM
|
#9
|
|
Confused about dryer sheets
Join Date: Apr 2011
Posts: 3
|
Wow! I didn't expect that much advice. More than appreciated.
Yes, I am tracking spending, my SO and I are on the same page, and I will have to think about that college thing...Oh, and I do have a second job...THANKS!
|
|
|
|
|
05-03-2011, 04:45 PM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Make the process as automatic as possible. Ramp up your 401k so you never see the money. Have an autodeposit done to a savings or brokerage account. Don't give yourself the chance to spend it.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
