Tagged Questions

13
votes
6answers
659 views

“One should save about 15% of their income for retirement.” What assumptions are tacit in that statement?

I read a lot of websites that say, "I've run the numbers, and you should be saving around X% of your income for retirement in order to be safe, and have fruitful golden years." With X% being a number ...
28
votes
3answers
2k views

Saving for retirement: How much is enough?

How to save I'm in my late twenties and am trying to get started off on the right foot saving for retirement. I have learned that retirement savings should usually be placed in retirement accounts in ...
5
votes
2answers
78 views

Is there a site that compares IRAs by different companies?

I'm planning on opening a Roth IRA in the very near immediate future (by this year's end, if not sooner). Is there a place I can go to see the different pros/cons of IRAs offered by different ...
7
votes
6answers
464 views

Is my company 401k okay or should I be using an IRA?

My company does not have a matching 401k. Instead it is a profit sharing 401k. How should I approach this? Should I consider investing primarily in an IRA instead? How much should I be ...
7
votes
3answers
759 views

Pensions, why bother?

Ok this question is going to show my age, but its something I've been thinking about for a while and can't quite figure it out Why bother with a pension? I don't understand, why should I put away ...