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Old 04-18-2006, 09:08 PM
Ventoux Ventoux is offline
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Location: USA
 
Join Date: Dec 2005
Posts: 135
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lats say you make 50k a year,and contribute 10% a year, 2 years of investing can mean $200,000 at retirement. just keep that in mind...compound interest is your friend
Quote:
Originally Posted by DMD
I might not be a finance major but if you look at retirment figures they are all based on the last 20 year or 30 years % return in the stock market (which included the dot.com boom)....but an investment today of 50K is probably not going to see that kind of return...You can contribure 42K to a ROTH IRA in a year, a 401K is not really an option for me, real-estate is an option...I am not saying I am not going to invest, but I will simply start when I am 28 as opposed to 26....

Last edited by Ventoux; 04-18-2006 at 09:11 PM.
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