2007-03-14 18:34:14 · 8 answers · asked by Taurian Girl 2 in Politics & Government ➔ Law & Ethics
Save every penny you can. Later you can invest in municiple bonds or if the rate is good certificate of deposit. We can all spend a little less and save a little more if we try. The problem is the uncertainty of where things will be in the future.
2007-03-19 15:47:37 · answer #1 · answered by pilot 5 · 0⤊ 0⤋
you need to diversify in order to complete your personal portfolio. this will decrease the risk you take in any one sector while allowing you the flexibility to take advantage of gains in particular areas as they arise.
definitely put into a 401k or 403b. try to max out as much as possible. if you have anything left over put it into a roth IRA.
other than that buy some steady stocks yourself through scottrade or some other broker, sit back and sell when they are higher than what you bought them at minus commissions.
for personal savings, use something like ING which tends to have some of the highest saving returns.
good luck
2007-03-15 01:48:47 · answer #2 · answered by Rob Conlin 1 · 0⤊ 0⤋
Living well below your means and investing a large amount of money will work. The savings should be invested in a balanced portfolio. I suspect it will be tougher than it is now to survive old age in comfort.
2007-03-19 10:36:18 · answer #3 · answered by jackbutler5555 5 · 0⤊ 0⤋
Personal savings, Roth IRA, and savings certificates/Cd's would be my chosen route to retirement. If an unexpected emergency arises you can use money from your Roth IRA without penalties. On top of all this your SS Check when you retire
FINANCIAL FREEDOM
Suze Orman: Twelve Steps to Wealth
http://www.oprah.com/living/lifemake/experts/suze/living_expert_suze.jhtml
Suze's Advice
http://www.oprah.com/living/lifemake/experts/suze/living_expert_suze.jhtml
Suze Orman Financial Adviser
http://www.suzeorman.com/index.cfm
2007-03-15 02:00:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
personal saving is good... u can consider saving insurance plan too... I got myself 5 saving + life insurance plan.. think by 45 i can retire with at least half a million into my pocket le... suffer now... enjoy later... =D
2007-03-15 02:26:29 · answer #5 · answered by porridge0000 3 · 0⤊ 0⤋
Personal saving is good, and also try to get a job that have a retirement plan,and when it time to retire, you will has your personal saving, your retirement, and social security. that three pay check in one month.
2007-03-15 01:41:02 · answer #6 · answered by I am women 6 · 0⤊ 0⤋
Hi,
Yes, savings by means of life insurance pension policies.
2007-03-15 03:21:58 · answer #7 · answered by Narayan akul 2 · 0⤊ 0⤋
for my ss essay, i wrote no, cause personal savings can only meets the financial needs but lacks of social needs...last day 4 hw
2007-03-18 02:55:05 · answer #8 · answered by penny_172 2 · 0⤊ 0⤋