Good evening to everyone.
I am new to the board, and am looking forward to reading about everyone's experiences, and their planning for ER.
To tell you a little about myself, I am a 25 year old who has been out of college for 4 years, and am ready to retire! Oh...except for the funds needed to do so.
I am working on that, and this forum will surely help from what I've read on many other posts.
I currently make a decent living at $37,500/year with low expenses (mortgage, car, utilities, and entertainment within my means). I invest 10% in my 401k at work, and my employer matches at least 3% once a year (profit sharing). I also have funds in mutual funsds as well as bonds, and am looking for other places to stash away some of my after-tax money for investment.
I live a life of frugality, which I am hoping will help me to stash away even more money to help with ER.
Any suggestions, I would love to hear.
In 2007, my goals are to start saving $5,000/year after-tax to put away for retirement.
I have invested in a Roth IRA in the past and they pretty much robbed me with all of the fees. I took the money out and invested into something new and have had great success. However, I dont want to have all of my eggs in one basket.
I need to diversify even more.
Once again, any suggestions for a 25 year old would be greatly appreciated.
I am getting married in May of 2007; however, we have our home (the house I purchased 3 years ago, we plan on living in for many many years), the wedding is paid in full (thanks to a small wedding at a beautiful bed & breakfast for immediate family only), and possibly start a family in the next few years. I know I should have invested more 3 years ago when signed up for the 401k ...but just this year was able to invest the full 10%.
Thank you in advance.
~M
I am new to the board, and am looking forward to reading about everyone's experiences, and their planning for ER.
To tell you a little about myself, I am a 25 year old who has been out of college for 4 years, and am ready to retire! Oh...except for the funds needed to do so.
I am working on that, and this forum will surely help from what I've read on many other posts.
I currently make a decent living at $37,500/year with low expenses (mortgage, car, utilities, and entertainment within my means). I invest 10% in my 401k at work, and my employer matches at least 3% once a year (profit sharing). I also have funds in mutual funsds as well as bonds, and am looking for other places to stash away some of my after-tax money for investment.
I live a life of frugality, which I am hoping will help me to stash away even more money to help with ER.
Any suggestions, I would love to hear.
In 2007, my goals are to start saving $5,000/year after-tax to put away for retirement.
I have invested in a Roth IRA in the past and they pretty much robbed me with all of the fees. I took the money out and invested into something new and have had great success. However, I dont want to have all of my eggs in one basket.
I need to diversify even more.
Once again, any suggestions for a 25 year old would be greatly appreciated.
I am getting married in May of 2007; however, we have our home (the house I purchased 3 years ago, we plan on living in for many many years), the wedding is paid in full (thanks to a small wedding at a beautiful bed & breakfast for immediate family only), and possibly start a family in the next few years. I know I should have invested more 3 years ago when signed up for the 401k ...but just this year was able to invest the full 10%.
Thank you in advance.
~M