Comments on: Retirement Planning in a Turbulent Economy http://20somethingfinance.com/retirement-planning-in-a-turbulent-economy/ Personal Finance Blog for Young Professionals Thu, 24 May 2012 00:59:02 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Eddie Boone-Lewis http://20somethingfinance.com/retirement-planning-in-a-turbulent-economy/comment-page-1/#comment-710 Eddie Boone-Lewis Tue, 21 Oct 2008 23:02:21 +0000 http://20somethingfinance.com/?p=273#comment-710 The reality is GOOGLE stock is TANKING effecting my child's inheritance. Funds taken put in GOLD are losing -- sorry, my boy - I thought in my 54 years, there would be SOMETHING left. Good Luck and Much Love The reality is GOOGLE stock is TANKING effecting my child’s inheritance. Funds taken put in GOLD are losing — sorry, my boy – I thought in my 54 years, there would be SOMETHING left. Good Luck and Much Love

]]> By: BlueCollarDollar.com http://20somethingfinance.com/retirement-planning-in-a-turbulent-economy/comment-page-1/#comment-709 BlueCollarDollar.com Tue, 21 Oct 2008 13:28:36 +0000 http://20somethingfinance.com/?p=273#comment-709 Folks often overlook this simple concept: we make plans to avert disasters. Turbulent markets should be considered (steady dollar-cost averaging contributions over a long period of time will offset this problem) along with tax efficiency (in tax deferred accounts), inflation (the tax on what we earn beyond the tax on what we earn), and the possibility that you may need to alter the plan as you age all help make a plan possible - and worth doing. Folks often overlook this simple concept: we make plans to avert disasters. Turbulent markets should be considered (steady dollar-cost averaging contributions over a long period of time will offset this problem) along with tax efficiency (in tax deferred accounts), inflation (the tax on what we earn beyond the tax on what we earn), and the possibility that you may need to alter the plan as you age all help make a plan possible – and worth doing.

]]> By: G.E. Miller http://20somethingfinance.com/retirement-planning-in-a-turbulent-economy/comment-page-1/#comment-688 G.E. Miller Fri, 17 Oct 2008 00:37:54 +0000 http://20somethingfinance.com/?p=273#comment-688 @ Corky - It really depends on how well diversified you are as you near retirement. Those nearing retirement who had kept a large majority of their retirement accounts in stocks have suffered very large losses over the last year that may force them to delay their retirement. For most of the readers of this blog (fit a younger demographic), the best defense against possible future losses is to save as much as you can as early as you can. @ Craig - Enjoying being a young professional can mean different things for different people. For me, it means being happy with myself and not throwing money at material goods or lifestyle expenses. I don't live a glamorous lifestyle, but I'm perfectly happy with that. I figure that the more I cut back on now the better off I'll be when we do come out of this recession (the same philosophy that the strongest companies tend to embrace). @ Corky – It really depends on how well diversified you are as you near retirement. Those nearing retirement who had kept a large majority of their retirement accounts in stocks have suffered very large losses over the last year that may force them to delay their retirement. For most of the readers of this blog (fit a younger demographic), the best defense against possible future losses is to save as much as you can as early as you can.

@ Craig – Enjoying being a young professional can mean different things for different people. For me, it means being happy with myself and not throwing money at material goods or lifestyle expenses. I don’t live a glamorous lifestyle, but I’m perfectly happy with that. I figure that the more I cut back on now the better off I’ll be when we do come out of this recession (the same philosophy that the strongest companies tend to embrace).

]]> By: Craig http://20somethingfinance.com/retirement-planning-in-a-turbulent-economy/comment-page-1/#comment-681 Craig Mon, 13 Oct 2008 22:00:05 +0000 http://20somethingfinance.com/?p=273#comment-681 I have not put money into my Simple IRA for sometime now although I feel that since I am young, and prices have dropped, this essentially would be the best time to put more money in. I know I should, at the same time I have expenses now and want to enjoy being a young professional, which can be costly. It's a tough decision and I try to map out a basic plan between enjoying things now and saving a little for the long term, but it's tough. How have you coped with this issue? Craig I have not put money into my Simple IRA for sometime now although I feel that since I am young, and prices have dropped, this essentially would be the best time to put more money in. I know I should, at the same time I have expenses now and want to enjoy being a young professional, which can be costly. It’s a tough decision and I try to map out a basic plan between enjoying things now and saving a little for the long term, but it’s tough. How have you coped with this issue?

Craig

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