Go Back   Christian Guitar Forum > Deeper Issues > Life Issues
What to do with Retirement?

What to do with Retirement?

Register FAQ Members List Calendar Arcade Mark Forums Read

Reply
View First Unread View First Unread  
LinkBack Thread Tools Display Modes
Unread 08-20-2014, 08:08 AM   #1
and you were wondering??
Administrator
 
Dr. Thrunk's Avatar
 

Joined: Aug 2004
Location: In the bedrock of Being.
Posts: 11,630
paid
What to do with Retirement?
I have a bit saved at my workplace.

I am leaving but want to keep the money somewhere as a retirement account. I have heard a lot about Roth IRAs, index funds, and mutual funds. Not sure what to go with...

I would love for it to make a little money still, as I wont be able to put anything in for a while...

__________________
Hello! Come visit my blog! http://taylormweaver.wordpress.com/

Yes... I am the official "Knight Who Will Write Something On Derrida".
Bask in the wonderful glory.

"outside of a dog a book is a man's best friend... inside a dog it is too dark to read."
-groucho marx

Quote:
Originally Posted by Demon_Hunter View Post
Taylor, you just got drive-by theologied.
Dr. Thrunk is offline   Reply With Quote
Sponsored Links
Unread 08-20-2014, 08:24 AM   #2
Ax
Rabid Wombat
 
Ax's Avatar
 

Joined: Nov 2004
Location: Swinging Bachelor Pad
Posts: 14,486
Roth's are pretty solid because likely taxes will be higher when you retire than they are now.
__________________


AXimus AXamillion AXington
First of his name, moderator of the guitars and other instruments forums, changer of journal titles, haver of long titular epithets.

Current Rig:
Guitars: The NightShade, Fender Big Block Toronado, Fender Marauder, Fender Strat, Rogue ST-4
Pedals: Dunlop Crybaby -> SBN Soviet Power Booster -> SBN Modded Ibanez TS7 Tube Screamer -> SBN Discombobulamodulator -> Modded EHX Nano Small Clone -> Korg Pitchblack Tuner.
Amps: EVH 5150 III 50 Watt, Vox Night Train 15 Watt
Cabs: Late 80s Peavey 412-MS Sheffield 1290.

Public Blog
Ax is offline   Reply With Quote
Unread 08-20-2014, 08:27 AM   #3
and you were wondering??
Administrator
 
Dr. Thrunk's Avatar
 

Joined: Aug 2004
Location: In the bedrock of Being.
Posts: 11,630
paid
Quote:
Originally Posted by Ax View Post
Roth's are pretty solid because likely taxes will be higher when you retire than they are now.
Oh cool, so Roth's aren't taxable when you take it out eventually?
__________________
Hello! Come visit my blog! http://taylormweaver.wordpress.com/

Yes... I am the official "Knight Who Will Write Something On Derrida".
Bask in the wonderful glory.

"outside of a dog a book is a man's best friend... inside a dog it is too dark to read."
-groucho marx

Quote:
Originally Posted by Demon_Hunter View Post
Taylor, you just got drive-by theologied.
Dr. Thrunk is offline   Reply With Quote
Unread 08-20-2014, 09:25 AM   #4
Registered User
 

Joined: May 2008
Posts: 2,908
paid
Exactly. They are taxed now, so that they won't be taxed later.
__________________
I'm gone.
athanatos is offline   Reply With Quote
Unread 08-20-2014, 02:12 PM   #5
Harmonica, guitars, bass
 
gospelbluesman's Avatar
 

Joined: Jun 2008
Location: N. Ontario Canada
Posts: 408
My retirement prep consists of eating a little bit of dog food each day now so I am use to the taste when I retire!

("It is Not about your feeling so Stand Up and be a Man of God") ©(TM)® GBM
__________________
Its not about feelings, Stand Up and be a Man of God!
gospelbluesman is offline   Reply With Quote
Unread 11-20-2014, 05:10 PM   #6
طعام الكلب
 
dogfood's Avatar
 

Joined: Feb 2004
Location: Aotearoa
Posts: 14,752
Send a message via MSN to dogfood
Quote:
Originally Posted by gospelbluesman View Post
My retirement prep consists of eating a little bit of dog food each day now so I am use to the taste when I retire!

("It is Not about your feeling so Stand Up and be a Man of God") ©(TM)® GBM
Hey!!!
__________________
dogfood is offline   Reply With Quote
Unread 11-20-2014, 08:20 PM   #7
Moderator
 

Joined: May 2004
Location: Grand Rapids, MI
Posts: 4,042
IRA, Roth IRA, 401(k), etc. are not investments in and of themselves, but tax treatments.

Investments are things like mutual funds, index funds, bonds, etc.

When I moved employers a year ago I rolled over my 401(k) (with 100% vesting...FTW) to a traditional IRA. I went with LKCM Aquinas Funds as they are screened according to the US Conference of Catholic Bishop's Socially Responsible Investing Guidelines. I have since opened a Roth IRA there to resume my savings.

Roth is the best, especially if you are in the 15 or 25% tax bracket...better to pay 15% now than who-knows-what in 40 years when it's time to withdraw it. It's possible the government could change the rules and find a way to tax Roth savings, but there'd be riots in the streets.
__________________
Epaphras, who is one of you, a servant of Christ Jesus, greets you,
always struggling on your behalf in his prayers,
that you may stand mature and fully assured
in all the will of God.
--Colossians 4:12 ESV
Epaphras is offline   Reply With Quote
Reply

« dogfood's youth games thread | Advice over how to deal with something »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -6. The time now is 10:39 AM.


Search Engine Friendly URLs by vBSEO 3.6.0 PL2