Comments on: No Buts… Save for Retirement… NOW

By: MoneyNing

MoneyNing — Sun, 25 Oct 2009 15:36:18 +0000

It’s only natural to do so when you’ve read a similar idea already, but until everyone has it drilled in their head that savings rate is the most important factor to a good retirement (not killer investment ideas, not some hot stock), I will continue to talk about it, even if some feel it’s repetitive.

Also note that you can always invest in investments that will lessen the blow of a falling dollar. Saving for retirement is about putting money towards it, not necessarily in specific investments (that would be a topic for another article).

By: thomas

thomas — Sun, 25 Oct 2009 03:37:47 +0000

I sometimes question the purpose for such generic articles that we all have seen 1000 times before.
1. The US dollar is loosing value, so having cash savings and lots of it may not be a good idea.
2. Before focusing on retirement, are all your other financial affairs in order?

On the positive end, retirement savings can be handle the same as normal savings which is through automated transfers where you don’t touch or see me money and it just sits in a separate account.

By: Financial Samurai

Financial Samurai — Fri, 23 Oct 2009 17:10:05 +0000

David – You will most certainly buy more junk to fill up the house. Our house is pretty large for SF standards (having a house itself in SF is rare), and it’s just two of us and the place is cluttered like crazy!

Keep it simple!

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 14:59:03 +0000

I keep saying that we will buy so much junk if we get a big house, not to mention all the extra cleaning that we will have to do!

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 14:57:06 +0000

You definitely should keep investing, but I wouldn’t think too much about the whole timing thing. Markets go up and down, and it’s a full time job just to keep up!

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 14:55:59 +0000

Timely advice for me, especially since I’ve been contemplating about my first home purchase. Do I really need a nice and big house?

By: kenyantykoon

kenyantykoon — Thu, 22 Oct 2009 06:55:49 +0000

i haven’t actively started saving cash for my retirement. i am planning to start very soon. right now i am just increasing my financial and business acumen with the future always at the back of my mind

By: Greg

Greg — Wed, 21 Oct 2009 23:56:59 +0000

It is said that nature abhors a vacuum. Buying a bigger house will prove this scientific fact. Another lesson learned the hard way… the more house you buy the more space you have that must be filled. I share because I learned….

By: Dr Dean

Dr Dean — Wed, 21 Oct 2009 23:45:49 +0000

Great Post! An article in today’s WSJ (www.wsj.com) confirms to me the reason for automatic funding of your retirement account.

With the market advance this year, Karen Blumenthal reports those that deposit monthly or bi-monthly out of their paycheck, and into their 401-k’s have taken advantage of dollar cost averaging. Their losses, when viewed over the past two-three years are not nearly as severe as those that froze and quit depositing into their accounts due to fear.

As long as you have a long term investment horizon, and alter your balance of your investments as you near retirement, stay the course.

By: Sally

Sally — Wed, 21 Oct 2009 19:30:48 +0000

Retirement is so far away and it’s always hard to give it the attention that it deserves. Maybe we should have National Save for Retirement Month instead of Week to give it even more emphasis!