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Getting Started on Retirement

Started by RivercrestHog, September 10, 2015, 04:33:59 pm

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RivercrestHog

September 10, 2015, 04:33:59 pm
I'm about to start putting away some money in a Roth IRA, and just wanted to get some input on what y'all thought the best ways to go about it were. Should I go with a target fund, index fund, or do some research and find some good actively managed funds? How do y'all try to diversify it between funds?

Ragnar Hogbrok

September 10, 2015, 10:16:54 pm #1
Diversify across mutual funds. I wouldn't put all your eggs in one fund.

When researching, look at the 20+ year rate of return. It should be around 12% for a really good one. Anywhere from 8-12%is typical for a top performer in the long run (20+ years).
"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats." ― H.L. Mencken

Hogville prediction formula:

1.  Insert bad news prediction. A loss, a recruit going elsewhere, a coach leaving, etc.
2.  Tag "hope I'm wrong," on the end.
3a.  Enjoy a correct prediction.
3b.  Act like you're relieved you're wrong and celebrate with everyone else.
 

Blue35

September 12, 2015, 08:56:39 am #2
Take a good look at dividend stocks, reinvest the dividends until retirement.
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