2006-12-07 07:25:38 · 6 answers · asked by MsT 2 in Business & Finance ➔ Insurance
If I were you, I would save as much as I can, e.g. $1,000 every month, and invest it steadily over 20 years. At the end of 20 years, you should have enough to retire.
2006-12-07 12:19:15 · answer #1 · answered by floozy_niki 6 · 0⤊ 0⤋
This question would require many facts about how much you can afford to put away in a retirement plan. What type of plan your employer may have available to you. Are you self employed? If so there are more options available to you that if you work for someone.
The are IRA's Roth IRA's, SEP-IRA's, Simple IRA's, Profit Sharing Plans, Pension Plans, 401K plans, Defined Benefit plans, 412 I plans, 403(b) plans and an array of non = qualified plans.
I recommend that you seek the advice a a good CPA who can advise you and won't try to sell you something.
2006-12-07 12:24:44 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋
If you're starting all over, you can't afford to retire. So I'd just plan on working, and socking away as much as you can.
2006-12-07 07:32:38 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
That is very much like asking us "what is the best part to fix the problem with my car?" - it depends a whole lot on the details of the situation.
Without details, it's very hard to answer.
As Waggy posted, best to find yourself a professional who won't try to sell you anything. Your problem cannot be solved by a simple question forum on Yahoo!
2006-12-08 15:52:39 · answer #4 · answered by J. C. 6 · 0⤊ 0⤋
Find a rich divorcee
2006-12-07 07:27:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
go to www.primerica.com and find the nearest office
2006-12-07 16:17:15 · answer #6 · answered by chol0757 2 · 0⤊ 0⤋