Im trying to decide how much to put in mutual funds every month for retirement. Im thinking $2500
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Good amount and smart idea -
why not get an RRSP?Comment
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" These people pay me over $20k a month. You can trust them with your pathetic little check. "
if you're only putting away $2500 what the hell are you spending the rest on
icq: 2721653Comment
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2500 is a good amount.
In some cases you can only put a certain %. Make sure that you pay attention to that.
If you are only alloud a small% then use CD's as a safe way to store the money.
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Originally posted by init
" These people pay me over $20k a month. You can trust them with your pathetic little check. "
if you're only putting away $2500 what the hell are you spending the rest on
And by the way. Who the fuck are you, and why would you insult someone you probably dont know anything about?PornGuy skype me pornguy_epic
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good idea.. i think it's the right amount...Originally posted by detoxed
Im trying to decide how much to put in mutual funds every month for retirement. Im thinking $2500
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You ever heard of taxes?Originally posted by init
" These people pay me over $20k a month. You can trust them with your pathetic little check. "
if you're only putting away $2500 what the hell are you spending the rest on
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I'm sure quite a few of us around here have...Others either make no money or they have REALLY good accountants.Originally posted by detoxed
You ever heard of taxes?
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Originally posted by pornguy
And by the way. Who the fuck are you, and why would you insult someone you probably dont know anything about?
please show me the part where i insulted him you idiot, and who i am is no concern to youicq: 2721653Comment
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still after taxes you should have a decent amount, but thats a good amount, its better then putting in nothing at allOriginally posted by detoxed
You ever heard of taxes?
the family has a very good accountantOriginally posted by shermsshack
Others either make no money or they have REALLY good accountants.
Last edited by init; 09-15-2004, 06:45 PM.icq: 2721653Comment
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That's a good amout but I would suggest that you put $500 a month into stocks, Bonds, & Cd's to diversify a little...Comment
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500 a month won't buy you much diversificationOriginally posted by xclusive
That's a good amout but I would suggest that you put $500 a month into stocks, Bonds, & Cd's to diversify a little...Adult Merchant Accounts & Chargeback Management Solutions
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$500 a month won't even buy you a new car.Originally posted by JakeR
500 a month won't buy you much diversification
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i love the comments. 95% of the people on this board don't even gross 2.5k a month... and i would guess even more don't even have a savings account, so a retirement fund is not even in their vocab. go get a financial advisor if you need help with your money.
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not enough, but I always put somethingYour leader for Adult SEO Services
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Im puting 15% towards retirement now. I should have my house bought and payed for by thy end of next year. After that i will put in 30%-45% towards retirement.Comment
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You did not provide enough information for anyone to give you a good answer.
I would hope you talk to a financial advisor as they are the best able to help you plan for your future.
I myself do not plan to live to retirement age, so I don't give a shit
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To add to the $2500 with $500 in each of the stocks, bonds, & cd's giving him a total of 4k i think it puts him in a good position. Sorry i wasn't clearer in my first post,,,Comment
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You would be surprised there are alot on here who make 10 k easy a month....Originally posted by bret
i love the comments. 95% of the people on this board don't even gross 2.5k a month... and i would guess even more don't even have a savings account, so a retirement fund is not even in their vocab. go get a financial advisor if you need help with your money.Comment
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you are actually suggesting investing in individual stocks instead of mutual funds in order to diversify?Originally posted by xclusive
To add to the $2500 with $500 in each of the stocks, bonds, & cd's giving him a total of 4k i think it puts him in a good position. Sorry i wasn't clearer in my first post,,,Comment
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2500 is a good amount..Comment
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Originally posted by Webmaster_Logic
You would be surprised there are alot on here who make 10 k easy a month....
wrong.Comment
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I'm not sure if this is what you are getting at or not, but when I did the tax thing last year the most $ they would use twords the IRA tax break was 3k, and out of that $3 I think the break I got from that alone was $1500? - everything over that was only for my benefit and isn't taxable until I pull it out.Originally posted by pornguy
2500 is a good amount.
In some cases you can only put a certain %. Make sure that you pay attention to that.
If you are only alloud a small% then use CD's as a safe way to store the money.
CDs last I checked (a little over 6 months ago) were earning the lowest I think I've ever seen them in my life.
I like Fidelity Investments, the money I have with them seems to be doing nicely, the highest earner outside individual stock purchases on my own. Janus so far is doing the worst- not looking good and actually has me at a slight loss, but I'm going to give it time and see if it turns around.
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I need to get started on my retirement fund stuff also. Been a while since I looked into it.Comment
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A good number to use is 20% of your net income. The way I do it is to have the bank forward it directly to my financial advisors account as soon as the wire or direct deposit hit my account. That way I don't physically have to do it, and after awhile you will not pay much attention to how much is in there.Comment
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I haven't invested too much of late. I did buy a house which is a good investment. On the other hand I do not wish to buy stocks and such bc. I feel I can make more money investing into what I know and that is porn and the online adult industry.
I am sure I am not the only one doing this.Comment
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im with you FHG.Comment
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i used to save pretty regularly, but lately i have been pouring it all into my new venture
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as much as you canComment
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$2500 a month is a fantastic amount to put towards retirement. If you have more to put away obviously there are other investment opportunities. Anyone that looks at $2500 a month as inadequate has never put away even $500 a month in a 401k or other long term investment plans. It grows very fast!Comment
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The amount you put depends also on your age. If you are 20, you probably won't think about retirement at all.I don't use ICQ anymore.Comment
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retirement? i'm still trying to pay these damn student loansComment
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10% of your gross income is a nice start. Anything on top is just a bonus.Comment
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thats a great idea there man
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