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What type of Accounts/ Investments do I need to make in order to retire early??


Hi, I am a College Student in my 20s And I want to plan for my future NOW. I want to retire early ( like in 15-20 yrs) What type of Investments do I need to Make?? AND what type of Accounts do I need??

Dear Snowbunny, your goal is attainable.You will have to educate yourself. While it won't happen putting your money in mutual funds, until you have learned how to analyse stocks that's the best place to be. Yahoo finance can help you in selecting well performing funds. Good sites to help you learn how to invest are out there but there aren't many. Be patient. Finding someone who can serve as an investment guide would be useful as well. Cuts down on mistakes.Good luck.

unless you have a very high income, it isn't likely that you could save enough for retirement in that short time period

roth ira, 401k, annuities, these are retirement investments....but a book and read up on them

Assuming that you'll have enough money, try these options:

Take out a Roth IRA and max it out every year. This will earn and save you on taxes.

Buy some mutual funds. At your age you can get really aggressive and take the risks that pay higher dividends. It's best to spread your funds over some aggressive, moderate, and conservative accounts, but if you're young, you can go more aggressive than average. www.americanfunds.com is the best mutual fund company around.

401k. Be aggressive here to. Put 10% per pay period and watch it grow. Usually your employer will match you on some of that. So if you put 10% and your employer matches up to 3%, then with every paycheck, you are putting 13% aside for retirement. You also get to decide where your 401k money is invested, so be aggressive with it.

DON'T HAVE DEBT! Tear the credit cards and learn to use cash. Those monthly payments to your creditors are costing you more money than you think. If you put the money into investments instead of debtors pockets, you will be very pleased.

I hope you retire early and live a wonderful life! Let me know if this helps.

You need a brokerage account with someone like Fidelity or Vanguard...deposit money there and invest in some pretty aggressive mutual funds... some international funds are making returns in the 40 to 60 percent area andTHAT'S what you would need to get the job done in 15-20 years!!
After you've got the ball rolling... and you make some profit ...stay abreast of what's " hot" ...and move those funds around... if you get some real good years and gains then diversify more and spread your risk out.You WILL have to be very good and very lucky to get it done, but you can try....BUT just because plans don't always work...my real advice is put some of your money EVERY YEAR in a ROTH IRA..invested in mutual funds also...( call it " Plan B") ...and start aggressive with that...international funds for a few years...then get " conservative" and let that ride for 40 ( YES! 40! ) years...you'll still be good- lookin' and you'll get your money back with years of gains...TAX-FREE. ( Okay, you might have a few wrinkles, but you will be smiling!)

there are none now,all markets in a panic sell off

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