Search:

Custom Search

Readers' Comments

Total Comments: 9
Page 1 of 2

« Previous | Next »

Retirement Planning Doesn't End at Retirement

Retirement articles for those under 40?

Scientist
EPA
Thu Dec 4, 2008 9:04 AM

Post Reply

Most of the retirement articles I see focus on middle age to older people in detail. Most articles stress the need to save early (without providing details) or completely disregard people just entering the workforce. I am 24 years old and would love to see an article with some detailed guidance for young professionals.

Re: Retirement articles for those under 40?

CO
SSA
Thu Dec 4, 2008 9:40 AM
Dump 15% of your salary into the L2040 fund and don't look back!

HMM

Accountant, Retired, GS 14
DOE, Albuquerque
Thu Dec 4, 2008 9:32 AM

Post Reply

Very general not useful info

re: HMM

Info Tech
IRS
Thu Dec 4, 2008 5:44 PM

Post Reply

So, is that your comment? As an accountant, why don't you shed some light? CO provided very good advice. If someone is not financially savy, then the L funds are great. They are even great for financially aware investors. The allocation is automatically done so you don't have to worry about it. when you are ready to retire, you will be allocated & diversified appropriately. There are alot of folks who want to retire either this year or next and realize that they were overweighted in the wrong funds. So, go with the L fund appropriate for when you are supposed to retire.

Retirement

management assistant
IRS
Wed Dec 10, 2008 7:38 AM

Post Reply

I looked at retirement last year, but with cost going up in everything that we have no control over, I could live the next year, but if cost continued to rise, (which it has) I would have not been able to live on what I would draw.
I have about 35 years with the government (also have the age) and could retire any day.

This year alone all necessary utilities have gone up (water, power, phone, gas for heat insurance on home & car) and car expenses with gas prices souring for months.
Now with approx 1/2 to 2/3 of my check after taxes insurance, etc. You might be able to exist, but what about home repairs which are a necessary and continous upkeep.
For all seniors there should be a lot more deductable expenses to assist them, whether they are working or retired. Many are caring for elderly family members or an adult child with serious health problems who is in need of an affordable insurance to cover the things medicare will not cover. Can you provide me company names

Thanks

retirement

Victim-Witness Manager
Department of Justice
Mon Dec 29, 2008 9:36 AM

Post Reply

I have 30 years with the federal government and I wanted to retire in a couple of years. My TSP has dwindled down to almost nothing. I moved my TSP to a moderate high risk L2030 fund by the advice of a financial planner a couple of years ago. However, that didn't turn out to be good advice. I haven't moved it because I hear don't and then I hear do. I need another financial advisor. Do you have any suggestions on what to look for in a financial advisor. At this point, I don't trust anyone.

Retirement after with you are past the Sixties

management assistant
IRS
Mon Dec 29, 2008 10:51 AM

Post Reply

I have work for over 30 years in the government and am past the super sixties, I am in the Realy Seventies.
Now how do we live on our retirement when we cannot get our allowable Soc Sec amounts. Worked in Soc Sec and the come to work for the government. The change was made and caught us in the middle. I was advised not to switch, because I would still be penalized.

Now if I left this year We could make it, but with all utilities continually going up, they do not care that our income is limited and not going up, so what about next year or the next. If today you would have 300.00 a month to buy little extras, wanted not have to things, and cost rising, what would you have next year.
My taxes (property, car) Insurance and Utilities have gone up about $5000.00 this year alone.
If I had retired last year we would not have had to money to pay these HAVE TO expenses.
My husband became disable to work years ago.

We need our social security entitlement when we retire.

Thanks

sixties

foreign service
State
Fri Mar 27, 2009 8:54 AM

Post Reply

The best plan for retirement is to get healthy and fast. No one can afford to be sick in these times.

Give up smoking.
Drink only on holidays and in moderation.
Eat lightly...no comfort food.
Exercise. Try what works. Walking beats doing nothing.
Save and pay your mortgage before you retire.
Keep studying and challenge your 'little grey cells.'

Total Comments: 9
Page 1 of 2

« Previous | Next »

Add a Comment about this Article

** All fields are required.
Note: Your comments will not show up right away. FedSmith.com selects the most insightful comments from our readers for posting. If selected, your comments will show up in the comments section after they have been reviewed and approved. See our terms of use for more information.