what are you doing so you can retire?
2007-02-18 13:27:16 · 4 answers · asked by Stuka 4 in Business & Finance ➔ Personal Finance
Right now I'm saving 38% of my income from my job (part-time) and I'm 15 years old. I plan on starting a Roth IRA soon.
2007-02-18 15:22:18 · answer #1 · answered by zander1331 3 · 1⤊ 0⤋
I am paying off my mortgage, no credit cards in over 20 years , all money that would have been spent on vacations , and other needless wants, has been saved, cars paid for in cash , I do not pay interest on anything , just my home , it will be paid off in three years ....all tax refunds have been saved .. when the house is paid for ..the 400+ per month will be saved for the next ten years maybe fifteen years ..will be saved ..no investments ,and no banks I will not pay to use my money....the girlfriend has a 401k she put in the max amount for five years ,and we will not contribute anymore ..at age 65 we will a couple million for retirement but our savings today will allow us to retire in our late 40's with zero owed out .. so we will be more than comfortable
2007-02-18 13:40:04 · answer #2 · answered by Insensitively Honest 5 · 0⤊ 0⤋
Putting something away each pay check into a 401k.
2007-02-18 13:34:36 · answer #3 · answered by Kerry 7 · 1⤊ 0⤋
working my butt off and putting money in an ira
2007-02-18 13:32:32 · answer #4 · answered by JEANNE B 3 · 1⤊ 0⤋