I like a wells fargo advantage or eaton vance closed end mutual fund. Pays above 8% div, and pays out monthly. Reinvest, and let things start to snowball for you. I own a fair amount of EVV.
This got me to thinking I'm looking for something long term. I have no clue when it comes to this stuff.
I'm 36 and want to plan for retirement. Right now I just put 8% + 6% match into 401k. What else should I look into ( other than savings)
Thanks
Dave
�The man who complains about the way the ball bounces is likely to be the one who dropped it.� Lou Holtz
I like a wells fargo advantage or eaton vance closed end mutual fund. Pays above 8% div, and pays out monthly. Reinvest, and let things start to snowball for you. I own a fair amount of EVV.
This got me to thinking I'm looking for something long term. I have no clue when it comes to this stuff.
I'm 36 and want to plan for retirement. Right now I just put 8% + 6% match into 401k. What else should I look into ( other than savings)?
You should talk with your tax advisor When you withdraw your money from the 401/402, etc you will be taxed at the tax rate for your income bracket at that time. If you have any annuity or social security or any other income your disbursement will be taxed at a higher rate than you have currently It may also be subject to state tax as well. There are some IRAs that you can invest in with after tax dollars and it will, should, net you more dollars Just my experience and a FYI. This is a very volitle market so beware of any type of fixed rate investment
I like a wells fargo advantage or eaton vance closed end mutual fund. Pays above 8% div, and pays out monthly. Reinvest, and let things start to snowball for you. I own a fair amount of EVV.
This got me to thinking I'm looking for something long term. I have no clue when it comes to this stuff.
I'm 36 and want to plan for retirement. Right now I just put 8% + 6% match into 401k. What else should I look into ( other than savings)
Thanks
On January 1st, increase it to 9%. Do that each year until you reach the max your plan will allow. You will be automatically increasing your savings rate, lowering your tax bill and learning to live on a little less which will make retiring to a fixed income easier when the time comes.