It's never too early to start thinking about your retirement plans. After I graduated college my parents kept nudging me to start my retirement savings and I finally took their advice. Now I'm finding out that an IRA and Social Security alone might not be enough.For those of us who aspire to retire wealthy, and even better, wealthy and early, there are many financial planning options that'll help us meet our goals. The three options AOL users are searching for most are, as you can see from the list below, stocks, 401(k) and mutual funds.
A recent article in Money Magazine shows a comparison of retirement planning at different ages. They calculate how much money you'll have at age 65 if you contribute 10 percent to your 401(k) beginning at 30, 35 or 45, with a starting salary of $40,000 and a 4 percent annual raise. They estimate that the 30-year-old will have $1 million while the 45-year-old will have $461,000 (a great reason to start your retirement savings as soon as you can).
Do you have any advice on saving for an early retirement? For more information on retirement planning, go to AOL Money and Finance. Also search for retirement savings on AOL Search.
Top Searched Retirement Planning Techniques on AOL Search:
1. Stocks
2. 401(k)
3. Mutual Funds
4. Savings
5. IRA
6. Bonds
7. Certificate of Deposit
8. Money Market
9. 403(b)
10. Preferred Stocks
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Reader Comments (Page 1 of 1)
1. http://www.petwellnesscentral.com/
I found a great homebusiness that combines by love of pets with and nice residual income. The way it is going I should be able to retire early and have a great lifestyle
http://www.petwellnesscentral.com/
Posted at 11:07PM on Jul 1st 2008 by straightbizman
2. Wow wow wow!!! Anna Kournikova's SEX TAPE here:
http://celebzvidz.com/video.php?v=Anna_Kournikova's_sex_tape
Posted at 8:06PM on Jul 3rd 2008 by Timmy
3. Got Gold?
http://www.doctorhousingbubble.com/wp-content/uploads/2008/06/0604_arm_reset1.jpg
Posted at 8:10PM on Jul 3rd 2008 by notaknuckledragger
4. Annuities are the way to go for retirement savings. There is no other financial instrument that can do what they do.
1) Guaranteed to double your money in 10 years or less
2) Guaranteed immediate bonus on 1st years contributions
3) Guaranteed 7-10% return each year for 10 years
It also can provide income for life, deferred taxes(like an IRA), Death Benefit (like an insurance policy), choice of mutual funds (like a 401k).
Posted at 8:21PM on Jul 3rd 2008 by charlie mochan
5. Right now, in a tax-protected account go for TIPS --Treasury Inflation Protected Securities. Inflation is the gorilla in the corner and this protection for your savings.
Posted at 10:52PM on Jul 3rd 2008 by Ronald Emerine
6. Gold is God's metal. You can't go wrong with gold. And, for now, oil.
Save your money. Some very hard times are coming. need a business that you can run from home? check out www . christianshomedecor . com
Posted at 12:26AM on Jul 4th 2008 by rd
7. Gold is God's metal. You can't go wrong with gold. And, for now, oil.
Save your money. Some very hard times are coming. need a business that you can run from home? check out www . christianshomedecor . com
Posted at 12:27AM on Jul 4th 2008 by rd
8. The safest and most likely to give you the best return is LAND. Nothing on it just raw land. I'm not talking about inside the city limits but in the county where the city is not likely to incorperate the area in the future. The benefits are; you do not have to have insurance on it, no one can steal it, they are not making anymore of it, our population keeps growing and growing increasing demand. You do have to pay annual taxes on the property but that is a none issue. I bought land in 1980 for $500. per acre, today it is worth fromn 8 to $10K per acre and that was out in the woods. I bought 3 acres in Gulfport, Ms, in 1979 for $3k an acre and today its valued at $20k per acre. Plus its something you can enjoy over the years...a place of your own out of the city......build your own park if you wish. It is the BEST investment. Land will not go down unless the whole economy goes and if that happens not even gold will return your original investment. Good advice given freely. Wish someone had given it to me in my youth.
Posted at 1:55AM on Jul 4th 2008 by Banker Bob
9. Dear Charlie Mochan, I would very much appreciate it if you would tell me where I could get all these things in an annuity? How do I get started? I am now with an IRA Fidelity' I rolled over to that from my 401K.If Charlie fails to answer,I would appreciate any one elses help on this.also I would like more info on TIPS,which was mentioned by Ronald Emerine. Thanks
Posted at 2:21AM on Jul 4th 2008 by Littlelulu
10. Land?
That was all part of the bubble. There is plenty of it left. Take notice of when Banker Bob purchased his land. Of course he has made returns. But the key is buy low sell high. Wait for the Alt-A storm coming through. Land will be much cheaper in a couple years.
The "big boy" developers wouldn't be selling theirs if they didn't think it would be worth more in the next couple years. They are selling because they think it will be worth substantially less.
They *may* not be making any more of it, but have you gotten out and driven around lately? Plenty left.
More than enough. Just like houses and condos.
Caveat Emptor on ANY Real Estate purchase.
Posted at 4:06AM on Jul 4th 2008 by notaknuckledragger
11. Annuities are the way to go for retirement savings. There is no other financial instrument that can do what they do.
1) Guaranteed to double your money in 10 years or less
2) Guaranteed immediate bonus on 1st years contributions
3) Guaranteed 7-10% return each year for 10 years
.
.
.
.
.
.
Anybody that tells you that you can get 7-10% guaranteed for 10 years is someone you should run away from.
Past Performance Does Not Guarantee Future Returns.
The best advice....
Live BELOW your means.
Posted at 4:14AM on Jul 4th 2008 by notaknuckledragger
12. Gold is the best investment looking at the international Market. The thought of Retirement Plans go hand in hand with Medical Health Insurance which goes well in US but in India. A mandatory for all the developing nations to enhance towards Quality of Work Life and Living being. Remember: Eat to live but to taste.... comments: sixsigmaineducationdotcom
Posted at 5:18AM on Jul 4th 2008 by tqmhead
13. Be careful about which CDs you buy because if it's an unstable bank and it goes under, so will your investment if it's above what FDIC insures.
i've also been saving money with all the businesses offering deals and specials which i find on http://www.cityskoop.com. Just saw that circuit city has a huge 4th of July sale and American Airlines has a big summer sale
Posted at 1:29PM on Jul 4th 2008 by Blake
14. I tried using one of the retirement calculators and couldn't with current assets towards retirement greater than $1 mill. HOW stupid is THAT!!
Posted at 8:37PM on Jul 4th 2008 by nafddur
15. Its hard to say when you have a family! I tried saving with 40lk and other and my money would disappear stock market goes down with my money..Then hard times come and I have to get it out! I think I have to live to 100 years of age to really start saving...no more kids Im now 50 but do have grandchildren...I think Ill start my own business to get some retirement funds..maybe go to a fleamarket? I dont know what the hell to do Im tired of these gas prices!
Posted at 3:09PM on Jul 6th 2008 by guadalupe
16. Obviously these comment sections are a small business owner's (wet) dream; ie. free advertising via AOL. Hopefully no one construes these tips as legitimite financial advice.
Annuities, annuities, annuities hahaha!?!?
Posted at 10:39AM on Jul 15th 2008 by Rob