How much do you put into retirement funds monthly?
 

Im trying to decide how much to put in mutual funds every month for retirement. Im thinking $2500

Good amount and smart idea

why not get an RRSP?

" 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 :1orglaugh :1orglaugh

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.

:2 cents:

And by the way. Who the fuck are you, and why would you insult someone you probably dont know anything about?

good idea.. i think it's the right amount...:thumbsup

You ever heard of taxes?

I'm sure quite a few of us around here have...Others either make no money or they have REALLY good accountants. :)

please show me the part where i insulted him you idiot, and who i am is no concern to you

still after taxes you should have a decent amount, but thats a good amount, its better then putting in nothing at all

the family has a very good accountant :Graucho:Graucho

That's a good amout but I would suggest that you put $500 a month into stocks, Bonds, & Cd's to diversify a little...

500 a month won't buy you much diversification

$500 a month won't even buy you a new car. :1orglaugh

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.

not enough, but I always put something

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.

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 :glugglug

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,,,

You would be surprised there are alot on here who make 10 k easy a month....

you are actually suggesting investing in individual stocks instead of mutual funds in order to diversify?

2500 is a good amount..

wrong.

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.

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.

I need to get started on my retirement fund stuff also. Been a while since I looked into it.

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.

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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.

im with you FHG.

i used to save pretty regularly, but lately i have been pouring it all into my new venture

i still save about an avg of $400/mth but in the form of one lump sum near the beginning of each year

as much as you can

$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!

The amount you put depends also on your age. If you are 20, you probably won't think about retirement at all.

retirement? i'm still trying to pay these damn student loans

10% of your gross income is a nice start. Anything on top is just a bonus.

thats a great idea there man