08-02-2017, 04:45 PM
JustinG Wrote:Apoc Wrote:My goal is to retire when my kid graduates HS; I'll be 57
Damn you are old.
The downside to having a kid at 38. Of course, the upside is I have the ability to buy things that make life with a toddler at 40 easier.
...and I agree with DJ {gasp} on the target year funds. One other thing to note is targets with earlier dates are usually more conservative, so they can grow slower but also have less risk. They do this to protect your assets because if you're aggressive and lose a bunch of money 10 years before retirement, it's a lot harder to make that up. If you don't like risk, pick a fund that's lower than your retirement year. If you are okay with higher than average risk, pick a fund that's higher than your retirement year. Regardless of what you do, you should have them spread over at least 10 years because statistics say you'll live at least that long in retirement.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth