When I get older, losing my hair, many years from now....
October 27, 2010 9:17 AM Subscribe
How can I get a handle on saving for retirement? Where do I even start?
posted by amanda to Work & Money (14 answers total) 21 users marked this as a favorite
I'm mid-30s, married, own a home. Both my husband and I have some individual retirement accounts and investments (mutual funds, IRAs, 401(k)s) and a savings account with about a 3-month rainy-day fund in it. We are about to have our first kid and we started talking about college savings funds. I think we need to square away our retirement funds first and get a handle on what we ought to be doing. But, it seems like a vast, dark well of information that is incredibly hard to slog through.
How did you or are you putting together a picture of your retirement plan? Did you hire a financial planner? How much did that cost and was it worth it? Do you trust their recommendation? Are there worksheets out there that help you figure it out?
Assume that I am only smart enough to figure out that setting up a 401(k) to get employer matching funds was a good thing to do.