Retirement plan? Mutual funds! - GoFuckYourself.com

shife · 03-19-2005, 10:12 PM

Let's talk mutual funds I am 21 and need to start thinking about my retirement I am going to be putting 10% of my income into high growth mutual funds can any older guys help me out with this that have been around the block a few times and seen a few things any where I can find some good info? Is anybody else planing their retirement and if so how?

Thanks, Kyle

Illicit · 03-19-2005, 10:24 PM

Buy rental property. Property value keeps increasing, and the rents you recieve will grow with inflation.

shife · 03-19-2005, 10:35 PM

Quote:

Originally Posted by Illicit

Buy rental property. Property value keeps increasing, and the rents you recieve will grow with inflation.

Good Idea for some but sounds more like a business then an investment for me I dont got the time nor the cash for that.

Illicit · 03-19-2005, 10:37 PM

Quote:

Originally Posted by shife

Good Idea for some but sounds more like a business then an investment for me I dont got the time nor the cash for that.

yeah it is a little bit of a business, but worth it in the end.

MikeSmoke · 03-20-2005, 12:49 AM

if you're talking about retirement and are going to be putting in decent money, hook up with a financial advisor. there are all sorts of ways to either invest pre-tax dollars, or be able to pull the earnings out tax-free, and having someone who knows what they're doing can make a huge difference in your final result.

03-19-2005, 10:12 PM	#1
shife So Fucking Banned Join Date: Dec 2004 Location: Texas Posts: 341	Retirement plan? Mutual funds! Let's talk mutual funds I am 21 and need to start thinking about my retirement I am going to be putting 10% of my income into high growth mutual funds can any older guys help me out with this that have been around the block a few times and seen a few things any where I can find some good info? Is anybody else planing their retirement and if so how? Thanks, Kyle

03-19-2005, 10:24 PM	#2
Illicit wtf ? Join Date: Dec 2003 Location: GFY Posts: 11,895	Buy rental property. Property value keeps increasing, and the rents you recieve will grow with inflation. __________________ Insert Sig Here

03-20-2005, 12:49 AM	#5
MikeSmoke Confirmed User Join Date: Nov 2002 Location: SoCal Posts: 3,233	if you're talking about retirement and are going to be putting in decent money, hook up with a financial advisor. there are all sorts of ways to either invest pre-tax dollars, or be able to pull the earnings out tax-free, and having someone who knows what they're doing can make a huge difference in your final result. __________________ icq: 541-739-92