People like to talk performance but they rarely talk about risk -- sss 04/21/2016 5:02PMIf you start out making $50K, get a 2% raise/year, save 5%, and earn 6%
(In response to this post by BG Hokie)
Posted: 04/21/2016 at 2:06PM
Insert a Link
Enter the title of the link here:
Enter the full web address of the link here -- include the "http://" part:
Enter the full web address of the link here -- include the "http://" part:
|
Current Thread:
|
People like to talk performance but they rarely talk about risk -- sss 04/21/2016 5:02PM Friends broker said "Don't confuse wisdom with a bull market" -- VaAkita 04/21/2016 3:07PM Since the performance has been so good, what's in your portfolio? ** -- vtbones 04/21/2016 2:11PM Inside -- Burruss Writer 04/21/2016 2:45PM Interesting. -- vtbones 04/21/2016 3:10PM Dude is a Hokie, hasn't seered me wrong yet... -- Burruss Writer 04/21/2016 4:28PM Had a financial advisor tell me if you can save $1 million by 50 you can .. -- vt90 04/21/2016 11:27AM As a couple, or individual? -- Late 80s Hokie 04/21/2016 2:34PM Couple ** -- vt90 04/21/2016 3:56PM I'll be close to that... -- Burruss Writer 04/21/2016 12:42PM If you retire early you're going to die early though. ** -- Hokie Bird 94 04/21/2016 12:06PM I'll roll the dice ... not that I will be in that situation ... -- vt90 04/21/2016 12:10PM The average salary in the US is 40K dollars per year.. those are fantasy -- HokiePHX 04/21/2016 11:49AM Disagree, if I can achieve 6% ROR, I should get there around 50. -- BG Hokie 04/21/2016 12:16PM If you start out making $50K, get a 2% raise/year, save 5%, and earn 6% -- BigDave 04/21/2016 2:06PM My starting salary was $42,000 in 2001 and I was deferred 21% -- BG Hokie 04/21/2016 9:46PM The answer is save more than 5%, it's not that hard ** -- sss 04/21/2016 4:58PM Unless you are saving every penny that doesn't go towards necessary bills -- hoosnowahokie 04/21/2016 12:12PM Well done -- AXD1985 04/21/2016 11:15AM That's not the whole enchalada... -- Burruss Writer 04/21/2016 12:33PM Mine have been down $100K and back up already just this year.** -- Hokie in CT 04/21/2016 10:54AM Sounds like you're able to max your contribution, so congrats on that -- Hokie Bird 94 04/21/2016 10:53AM Not maxing out on contribution yet... -- Burruss Writer 04/21/2016 12:31PM Nice, I've decided my retirement will be lawn care & racquet stringing :( ** -- HortHokie 04/21/2016 10:48AM What do you charge per racquet? ** -- statmanfromHCyrs 04/21/2016 11:20AM Retirement needs: for $64K per year you would need to save $2.1 million.. -- UTPr0sim 04/21/2016 10:35AM Things people don't plan for: retirement homes and long-term care insuranc. -- hokieonceremoved 04/21/2016 2:17PM Most of us are screwed.** -- Gator Hokie 04/21/2016 10:45AM Most don't need that much either. ** -- hokeyhokie 04/21/2016 10:51AM Probably true. ** -- Gator Hokie 04/21/2016 10:53AM Disagry. People always need more screwing. Make love, not money. ** -- PhotoHokieNC 04/21/2016 10:55AM 6 years in? How old are you? ** -- typed by ben 04/21/2016 10:30AM 44... -- Burruss Writer 04/21/2016 12:29PM Phew! Thought you might have been 27. ** -- typed by ben 04/21/2016 1:17PM Congratulations - you're doing great. I did an analysis for -- Hokie360 04/21/2016 10:20AM Annual return of 7% is a little steep I think. -- EuroHokie 04/21/2016 10:44AM 20 year annualized return of S&P 500 was 8.18% in 2015. -- Hokie360 04/21/2016 11:43AM You should be heavily in stocks until the day you die -- 133743Hokie 04/21/2016 3:57PM That's the rate sellers of financial services use. Expect much less ** -- hokeyhokie 04/21/2016 10:50AM Deleted ** -- VTBB 04/21/2016 10:46AM Good for you. Big step and hard for most to do ** -- HokieHutch 04/21/2016 10:11AM I remember leaving my 1st job after 4yrs in 2004 with an $8k rollover - ha ** -- OXVT 04/21/2016 10:09AM You haven't experienced a market crash yet. You will ** -- hokeyhokie 04/21/2016 09:57AM Oh, I have... -- Burruss Writer 04/21/2016 10:03AM Oh, so it's over $100K in the 401K in your current company. -- Late 80s Hokie 04/21/2016 10:32AM That's not really a humble brag - just a brag ** -- BigDave 04/21/2016 09:55AM Agree - most misused term on this board ** -- HokiePHX 04/21/2016 10:43AM Well, not sure it's really that much of a brag. -- EuroHokie 04/21/2016 10:49AM **** -- HokiePHX 04/21/2016 11:45AM Nobody on earth is getting a 60% return on a 401K investment ** -- HokiePHX 04/21/2016 11:45AM Don't have enough information to make a conclusion either way -- BigDave 04/21/2016 11:42AMTech Sideline is Presented By:
Our Sponsors
