Are there any investments or accounts that offer a guaranteed 10% per year return? Or anything close to 10%?

I'm 29 and trying to save for retirement. I keep reading articles on the web about saving and how young people can retire before 60 if they start saving now because compound interest will help them.

But they always assume that you'll earn 10% interest per year. Where do you get a savings account or investment like that? The best guaranteed rate I could find was a 5% rate for opening an e-savings account with Citibank.

Where do people find these 10% per year rates? I'd like to find an investment like that.

Find a huge company which tends to be unaffected by the economy. Think ALTRIA (MO)-Phillip Morris...People smoke drink and eat Mac & Cheese even when the economy sucks (course, they sold the Kraft branch recently, but its still Phillip Morris!)

They pay a 4% dividend now and if you sell covered calls against your investment, you'll make a guaranteed 10%+ a year. Do it in a Roth to avoid taxes against your gains.

Pfizer, ATT and a few other stocks pay a huge dividend...ATT has huge investments in tech...

You can also find private companies paying 15-20% for your investment...but the term 'guaranteed' gets a bit more obscure....

There is no such thing as a 10% guaranteed rate (except from your local rip off artist).

You can average 10% or more through a long term investment in Mutual Funds. You need to follow an "asset allocation" model that works for you.

There have been years where I've lost over 20% of my investments..... but my "average" rate of return is around 14%.

Spend a year. Learn. This will be the difference between a good retirement and not. I've managed to accumulate a lot of money through this type of investing. I did it with an average income without living like a poor person.

No, there isn't; and if there ever is, it's because we've returned to the Carter scenario, where interest rates and inflation were both in double digits. These 10% assumptions are based on the stock market. While there's no guaranty, 10% is certainly a very reasonable (perhaps even conservative) figure over the 30+ year time horizon you are probably planning for.

The market is where you need to be at your age. Start with your employer sponsored plan, particularly if there's a matching contribution. Contribute up to the amount that will maximize the company's match. You can't beat free money! Then, contribute to a Roth IRA if eligible; a traditional if you're not. Consult with a financial advisor to ensure the best asset allocation, contribution schedule, and rebalancing intervals.

After you've maxed out your tax qualified options, and there's still funds to earmark for retirement, explore other tax-advantaged options with your advisor.

Sure, at work if your employer matches your 401k say 50 cents on the dollar make sure you contribute as much as they match. You get the 50% up front and if you get just 5% interest after that is equals 7.5% "tax free" on what you could invest "after taxes" outside the 401k. If you assume 25% taxes outside the 401k this is equal 10% outside!!! (plus the 50% on the front end).

Or, if your CC interest is over 10% pay off your CCs (the rate is for however long you would have had outstanding balances otherwise).
That is all that comes to mind immediately.

No. Forget this idea of gurantees. You are old enough to be in the real world now. Those articles never say that 10% is avail risk-free but just tell you what you need to make. Need to be in the market with a diversified portfolio. No bank. no annuity. Open an acct @schwab.com. An Ira 1st if have none. 1st yr 200 Adx + $1200 (or less to fit the $4000 limit) of SWINX. 2nd yr you pick up $1000 in a gold fund + 100 PWT. & so on. After 4-8 yrs you hope to hit 25% US Big Cap 25% International. 20% Mid cap 20% small cap. 10% gold & Enegy (IAU+PEO). The great thing with %s is they work the same whether have $10000 or $1000000. no trading - invest. Build some income holding outside the iRA liek SNH & FAX. Forget the articles - act now! Feel free to contact