General Discussions

**LeeD** · 11-09-2006, 05:32 PM

How do you plan for retirement?? - Dan

**LeeD** · 11-09-2006, 05:32 PM

Okay, orange and green earners...here is the next question from the community!

**imported_sji2671** · 11-10-2006, 12:02 PM

I invest liquid funds into property/real estate :thumbup:

**Frito Pie** · 11-10-2006, 09:27 PM

I put money into a SEP account through my corporation and personally in a ROTH account, maxing them both out each year. I also toss a bit of money each month to individual stocks based on my interests. Direct reinvestment programs are a good way to get involved in stocks in a small, limited way while you learn the ins/outs.

The best thing I do, however, is to make sure my business is growing, stable. With ongoing growth, the revenue will continue on even when I decide to retire.

**xboxundone** · 11-10-2006, 09:29 PM

I started a 401K plan thru my own business and get my business to match my contributions plus i pay off my house and am currently looking to invest in mutual funds some individual stocks plus possibly some property. They key is make you saving money automatic and when the money is good save more for when the money is bad and you can't save much!

**LeeD** · 11-27-2006, 10:55 AM

I am doing the basics right now (saving some, IRAs for myself and my wife) as my plan was to be debt free first. This blessing was something we saw come to pass in February of this year. Now that the debt is paid of (house, cars, etc), I plan to be more active in investing / saving.

**LeeD** · 11-27-2006, 10:56 AM

Here is the next installment of questions answered by the orange / green earners here at EF.com! Enjoy! :-D

**MonkeyBiz** · 11-27-2006, 01:04 PM

Dont plan to ever retire

**slavingia** · 11-30-2006, 04:34 PM

"Haha, I plan to retire a rich rich business man. Keep my name in your books, I'll be famous one day."

My famous last words.

**beejeebers** · 12-01-2006, 07:15 PM

My retirement plan is $2,000,000 in bonds earning at least 5% by the time I'm 39, (40 is too old to be worrying about retirement). That'll pay me $100,000 per year forever. Then I'll just blow the rest on hookers and coke. (Just kidding, my wife hates hookers...)

**hellier0898** · 12-05-2006, 03:40 PM

My dating site is my retirement plan. I currently live off the monthly profit (approximately $11k a month) and the end asset of the website / database should be worth something, though I would like to get into property.

**RaidTheArcade** · 12-05-2006, 08:38 PM

Haven't decided yet.

**jessecooper** · 12-07-2006, 12:36 AM

start a roth ira so the money grows tax free. then in the roth invest in mutual funds that average at least 12% over the past ten years. then don't touch the money and you'll be rich. i call it get rich slow

**LuckyGrams** · 12-08-2006, 11:27 PM

Besides putting money into a SEP plan and other traditional investments, I've invested in my business, continually doing things that will increase the value of the business whenever the day comes that I decide it's time to cash out.

**netdesignz** · 12-13-2006, 12:49 PM

Who's going to retire? I'm having a blast.

**wilma01** · 01-21-2007, 01:57 PM

Try investing in property offshore How about South Africa

**business ideas** · 01-21-2007, 11:35 PM

lol, I just have to say that this made me laugh. btw, imo, true retirement is lying in the ground 6 feet deep so I prefer not to retire if given the option

"The difference between involvement and commitment is like an eggs-and-ham breakfast. The chicken was involved; the pig was committed."

**.insane** · 03-12-2007, 05:55 PM

I started by reading a book called "The Wealthy Barber" it is written by an extremely educated economist about how to invest properly before retirement. After that I paid off my loans and invested the $5000 I had remaining into Oil stocks, every month I purchased $1000 of those oil stocks that was back when the stocks were worth $30-$45 now they are $70-$75 so I continue but I invest more like $3000 when they go to $125 I plan on pulling out and investing in bonds and more conservative stocks of course keeping 40% of my oil stocks. But investing in slow moving stocks like metal and commodities (corn is going to be a big one this year).

After that I plan on investing in real estate and properties that can be rented away or in apartment buildings.