I want to plan 4 retirement. & work a low wage job with no benefits. Where do I start investing/Saving?

Answer 1

It's not so much what you make, but what you keep. Arrange to have a little bit of money pulled directly from your paycheck into a savings account. Meanwhile, read up on investing. By the time you're comfortable investing money, you should have enough to buy into a mutual fund. Invest a little bit of your pay every week and in a few years you'll have enough to never have to worry about money again. And eventually you'll get a better job. Learning about investing is one of the best things I ever did. Do it yourself and do great.

Answer 2

You can open an account with your local bank and start socking/saving money.

If you want to do some investing, you'll need an investment account. Any investment company can open an account for you. If you need/want help then you'll need to look for a full service investment firm. If you are looking to do your investing with little/no help then you can save some money by going with an internet based investment firm.

The key is to start something. Which account and where your account is located isn't all that important when you are just starting out.

Answer 3

I might sound mean but..... You should just get a second job and pay for it all yourself, or you could just give up the baby for adoption (he or she will be adopted by a family with more money). You will be a much better person if you do so. I have to ask... Why did you bother having a baby? You do know that they are just vanity. Why would you have a baby you can not afford? Seriously, I grew up out in a mobile home out in the desert with no AC, no hot water. The roof leaked, and sometimes we had no electricity. My parents were gone all the time. They brought home groceries once in a while. I was damn thankful that they were gone. I had enough problems and did not need my alcoholic parents entertaining themselves by kicking my behind. I also did not need them telling me that it was all my fault for being born and making them poor. My brother and I survived. I found a job when I was 13, and that is how we ate. I had to walk two miles one way. When my brother managed to get a job, be walked 11 miles one way. I later joined the military, and lost my hearing in one ear (First Gulf war). Today he works in Mental health, and I am a software developer. I have a Rolex, many stamps in my passport, and live in a half-million dollar house. I never received one red cent from anyone. Everything I have I earned all by myself. I walk with a cane, but I bet I can out-walk most men half my age. Your child probably only has it a little better than I did. Let him or her live a better life elsewhere.

Answer 4

Open a retirement account with no service fees.

I think you only need 500 USD to invest in a no fee retirement account at Scottstrade.

I like Roth IRAs because it's tax free growth and tax free deductions.

Answer 5

RETIREMENT? LOW wages? WHAT MONEY to invest? You can't invest in anything without money. You don't get very much money on LOW wages. NO benefits. I hope you don't get sick or decide you want to go on vacation, OH wait, you don't have any money to go on vacation as you only get LOW wages. Good Luck.