I am 28, have a $60,000 a year job in Accounting and expect to be making close to $100,000 in seven years (after that, raises more uncertain). I want to retire some time in my early to mid 40s. I have a wife who is 34 and works as a retail manager (making about $40,000 a year). I am planning on living off of 20% of our after tax income (excluding mortgage payments). We currently do not have a mortgage but are planning on a house soon.
We would like to travel at will and have the (option) of not working ever again. We also do not mind retiring in a cheaper location (Costa Rica, etc) to save on costs.
What investment vehicles should I be considering given that I am retiring early? What kind of jobs that are part time could a retiree easily perform? How much money should be going in employee 401k type programs vs. individual investment options and IRA contributions. [more inside]
posted by locussst
on May 4, 2013 -
How should I handle US Savings Bonds? My husband has a payroll deduction plan for buying savings bonds, and he enrolled years ago as a way to supplement the rather meager pension plan. This has worked well for us because we are really bad at putting money away by ourselves. The bonds are earmarked for retirement, and that's the way he wants to keep it.
posted by anonymous
on Jan 24, 2010 -
Seeking fire-and-forget asset class investment advice for retirement: TIPS? Global Equities Index/Wilshire 5000? I know this is mildly controversial, but it seems like the 'common sense' approach has changed lately from "stocks for the long run" to "risk = loss." See especially here. [more inside]
posted by anotherpanacea
on Mar 26, 2009 -
InvestmentFilter: So I'm permanent now at work, and have to pick a 401k option. I don't think i'll be there for many years, and cashed out the last time I had one. (But then again, i'm older now, and 70 is only 31 years away).What do you guys suggest for a 1-3 year timeframe, 401k-wise, given the fluctuating market? (If I need to, I have absolutely no qualms about cashing out again, and have never had much faith in the market at all, in general.) [more inside]
posted by amberglow
on Jan 29, 2004 -