October 2012 Weddings
minionlover
mod
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
QOTD 1/22
Are you doing anything to save for retirement? When do you think that you could retire? Any grand plans?
my read shelf:
Re: QOTD 1/22
We have a pension plan that we pay into at work. We actaully HAVE to pay into it, there is no opting out. I also have some IRA's that my dad set up for me when I was younger. We need to start looking into deferred comp. We may start putting some money into that eventually.
I would love to be able to retire after 30 years with the company, which isn't for another 26.5 years.
When we do retire, I would like to be able to travel. I love travelling.
We have TSP (thift saving plan) at work. It's kind of a 401k, I've been putting in 5% since I started 5 years ago, with work matching 5%. I don't miss it since I never had it. I also have a pension plan.
Once we get debt off us, I want to start H with a IRA and max that our yearly.
I have a personal RRSP and H has nothing specific. My mom set up a CSB (Canada Savings Bond) for me but I don't have a lot saved up. We have just one income now so saving for retirement isn't a priority now.
I'm planning to set up a better savings plan for us once we have 2 incomes again...I hope to retire around age 60ish...
H really wants to buy land and just plan trees everywhere on it. In Ontario there's something called a forestry managament plan that bascially pays you to say "I won't develop this land and will monitor what wildlife is here". he really wants to get into that during retirement.
I've had a Roth IRA since I graduated from college (so almost 6 years now). DH opened his Roth a few years ago too. We also have whole life insurance, and I have a mutual fund.
It's so important to start retirement savings early. Our financial planner showed us a graph of what investments look like when you start in your 20's vs your 30's and 10 years makes a huge difference when you're talking about compounded interest. I'm so glad we started early!
I contribute to the state retirement system for teachers. When I retire, I can collect like 60% of my salary when I retire. I also have a 403b that I contribute to each paycheck. I don't put much, but I know it's better than nothing.
H has a 401k that he contributes to. He is also going to open a Roth IRA for us soon, but I don't know when.
I will be eligible to retire at 52 (I'll have 30 years then) but I can't collect full pension until either 55 or 65, I'm not sure which regulation I fall into. I hope that i can retire then because teaching for 30 years is a long time. On the plus side, the retirement system gives you an additional 1.5 % for every year you work beyond 30 years