Retirement Plans...Confused?

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Comments

  • sweet adeline
    sweet adeline Posts: 2,191
    Lizard wrote:
    I dunno......i thought sweet's retirement is all tied up in POSTERS!!!!!!!!!!! ;)

    posters and pork futures. its good to diversify ;)
  • Yellow Bedwetter
    Yellow Bedwetter NYC Posts: 2,832
    sweet adeline wrote:
    stocks are like socks. you always have to buy them, they are just on sale right now.

    thats one of the coolest things ive ever heard
    im going to use that with my clients, sorry but its a good line
    2005: Borgata 2, Philly
    2006: Camden 1&2, East Ruth 1&2
    2008: BONNAROO, MSG1, MSG2, Hartford
    2009: Philly 1, 2, 4
    2010: Hartford, MSG1, MSG2
    2012: Made in America
    2013: BK1, BK2, Hartford
    2015: Global Citizens
    2016: MSG 2 (ISO MSG1)
    EV Solo: NJPAC 2008; Tower Theatre, PA 2009; Hartford 2011
  • riffrandall
    riffrandall Posts: 685
    Yellow Bedwetter wrote:
    I'm a Financial Advisor...PM me if any of you guys have questions
    My job is to help people plan for retirement

    Unless you have millions of dollars and are the hedge fund type, like my clients were- financial advisors are totally irrelevant.

    All you need to properly save for retirement is a disciplined approach and a decent connection to the internet.
    "If you're looking for someone to pull you out of that ditch, you're out of luck."
  • dunkman
    dunkman Posts: 19,646
    eyedclaar wrote:
    I plan on robbing folks who bothered saving their money.


    my plan is just to then rob you... and then buy a safe
    oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
  • riffrandall
    riffrandall Posts: 685
    Yellow Bedwetter wrote:
    thats one of the coolest things ive ever heard
    im going to use that with my clients, sorry but its a good line


    It's really not. Any client with an IQ above 40 would (and should) call that "boilerplate." Then they'll be pissed off when they read it in a blurb in American Way magazine on their next flight.
    "If you're looking for someone to pull you out of that ditch, you're out of luck."
  • eyedclaar
    eyedclaar Posts: 6,980
    dunkman wrote:
    my plan is just to then rob you... and then buy a safe

    You'd never make it past my attack goat. My stolen money will be safe.
    Idaho's Premier Outdoor Writer

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  • porchdweller
    porchdweller Posts: 228
    Get ready for recession 09 folks (i feel we are already in it). However, the price may already be built into the stock market so the effects may be debatable. If you're tired of your current advisor/planner shoot me a PM. I do financial planning for a living and feel like I do a prudent job and am honest with my clients.

    I know it's a shameless plug, but hey I'll throw it out there. It's a very tough investment environment right now, but market timing is not the answer. Don't focus on the bad. Focus on the things you can do right: Saving in tax advantaged retirement plans, using solid investment products, managing your income tax properly, protecting what you can't afford to lose (life, ability to work, family, estate), avoiding the wrong type of debt (cars, credit cards, adjustable rate HELOC's), and putting an estate plan in place especially if you have kids.

    Market volatility is terrible. Like an above poster said, if you have a specific question shoot me a PM> Get help if you're not sure what you're doing. The effects may be minimal now, but the long term effects will be huge if you do things right for long periods of time.
    "That's part of the curse: If you're gonna play the song, you better play it. I've tried to phone in "Jeremy" a few times, and it's tough. It doesn't work."

    EV
  • sweet adeline
    sweet adeline Posts: 2,191
    Yellow Bedwetter wrote:
    thats one of the coolest things ive ever heard
    im going to use that with my clients, sorry but its a good line

    glad you liked it. :)
  • sweet adeline
    sweet adeline Posts: 2,191
    riffrandall wrote:
    It's really not. Any client with an IQ above 40 would (and should) call that "boilerplate." Then they'll be pissed off when they read it in a blurb in American Way magazine on their next flight.

    who pissed in your cheerios?

    just because something may be boilerplate doesn't mean it isn't true. if you are a long term investor, this is a good time to be buying.
  • FinsburyParkCarrots
    FinsburyParkCarrots Seattle, WA Posts: 12,223
    I'm still hoping I don't live long enough to worry about shit like that.
  • TrixieCat
    TrixieCat Posts: 5,756
    FinsburyParkCarrots wrote:
    I'm still hoping I don't live long enough to worry about shit like that.
    I hope you do.
    :)
    Cause I'm broken when I'm lonesome
    And I don't feel right when you're gone away
  • dunkman
    dunkman Posts: 19,646
    eyedclaar wrote:
    You'd never make it past my attack goat. My stolen money will be safe.

    an attack goat is no match for a petulant zebra
    oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
  • eyedclaar
    eyedclaar Posts: 6,980
    dunkman wrote:
    an attack goat is no match for a petulant zebra

    My goats are hopped up on GGH so it should be a tremendous cage match. Hell, maybe I'll just sell tickets to this event rather than rob people.
    Idaho's Premier Outdoor Writer

    Please Support My Writing Habit By Purchasing A Book:

    https://www.createspace.com/3437020

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    http://earthtremors.blogspot.com/
  • MrMerkinball
    MrMerkinball Posts: 1,978
    It's a little different in Canada (I have live in both countries).

    But the key when you are young, is to not obsess over the monthly or quarterly statements. I don't even look at them until tax season. Over the long term, the market will go up.

    My Wife and I have been investing for 10 years. Overall, we have increased our investmemt by 30% in those years, by having the money in the market.

    Here's a VERY simple way to look at it:

    20's-30's - Agressive
    40's - Moderate
    50's - Conservative.

    Move your money over time into Iron clad investments and safe investments.

    Just be glad you are not faced with retirement during a recession. That's the tough part.

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