Comments for Retirement Readiness, Mike Bonacorsi, CFP®

Comment on I Can’t Be That Old-I Don’t Feel It by Estrella

Estrella — Wed, 09 May 2012 14:10:05 +0000

the best advise in painyg off student loans faster is to simply not take them out. If you have a savings account then why on earth are you borrowing? LOL Every time you take out a loan they charge you for it, not just interest, but fees too. Save yourself money and DON T take out the loans if you don’t need them and use what you do have saved on your tuition. If you have any left over, then use it to pay down your loans NOW because every day you are having interest charged to you.

Comment on THE TOP 10 REASONS NOT TO PLAN FOR RETIREMENT by Magda

Magda — Wed, 09 May 2012 13:37:55 +0000

how late? I didn’t start till age 44. I’m still hoping to have enuogh to retire before age 64just keep saving as much as you canif your company offers a 401k plan with company matching try to contribute at least enuogh to get the maximum match possible that’s FREE MONEY I have gotten $ 20,000+ in FREE match money from my company far in the 7 yrs they have paid match

Comment on One Minute Retirement Readiness Tip by Mary

Mary — Wed, 09 May 2012 13:21:42 +0000

If your employer ofefrs a 401k plan or similar that is the first choice. Generally, employers offer some type of matching contribution (free money!!).Second is an IRA or Roth IRA account.With a 401k you typically have from 3 to two dozen options of how to invest your money. With an IRA your options are nearly limitless.If you are not sure, find a financial planner who can help you (ask your back or friends to recommend one).

Comment on The Facebook IPO by Bayang

Bayang — Wed, 09 May 2012 09:26:49 +0000

Well now at least I understand why every time an IPO is isuesd I’m sol. Well at least one can get a piece of the action, though comparatively a small piece, but buying shares of the/those lucky bank(s) involved in the IPO like, tentatvely, Goldman Sachs for the Facebook IPO. We, the lowly public, must take what we can get sigh.

Comment on WOMEN & MONEY – MOVING FROM THE MOMENT TO THE FUTURE by Dony

Dony — Wed, 09 May 2012 08:33:03 +0000

Wife and I retired at age 50, now both age 52 and tmrropaeily living in Arizona SF rental, after selling our paid off home 2 1/2 yrs ago.Both receive total of appx 90k per annum in corporate pensions with excellent, (virtually no cost), health and dental plan. Liquid assets of slightly more than $2 mil, actually cash with no tax liability, bringing income, along with our part-time mickey-mouse fun jobs, at almost 225k per year. Also own a debt free small mixed use building in the Chelsea neighborhood of Manhattan, where I spent first 40 years of my life.Social Security never was a factor in our retirement plans, but if we live long enough, will take it at 62.Spent over a year traveling overseas and USA extensively to finalize a new home base/retirement spot. Florida,Carolinas,Hawaii,New Mexico and few other warm spots were explored in detail,and decided no way. California which we know well, still has appeal in certain parts (SoCal). Probably can swing something in our favorite spot, town of Rancho Santa Fe, (north San Diego),if motivated enough but would pin us down in one house with maybe a 500k mortgage and other high carrying costs which is counter to my “pay cash for everything” lifestyle. Was thinking a two-home solution for retirement would maybe work for us by paying about 500k cash for each, and shuttling between two locations. Not quite sure yet, still want to visit the other half of the world and the last 5 US states that are on my list.Living overseas is starting to sound better and better.