Localfund.com - All about Fund and Investment
*Home>>>Investment Plan

Early retirement?


i'v been ay my job for 15years and i am only 37 want to start my own bussiness but i plan on staying on my job until I'm there for 25years would it be i good idear to retire or just quit and roll my retirement into a cd or some other investment

Not sure I understand the question, but I'll try to help. The business you want to start--will that take up all of your time, or will you be able to do it concurrently with your job (like an eBay business)? If you can do both at the same time, that would be best. Or, do you want to start the business in 10 years, AFTER you retire? If that's the case, and your business will be your sole source of income, you will want to keep your investments pretty conservative (since your business will be a huge risk).

TK is right, with 10+ years until retirement, you should be more aggressive w/ your retirement funds. A few good stock mutual funds would be good. As far as fund companies go, I like Fidelity, T. Rowe Price, and Vanguard.

I hope that helps. Good luck!

If you are age 37, and think a CD is a good place to put retirement funds, I'm sorry but I would strongly discourage you from going into business for yourself, you may have a poor understanding of money. If you were 67, a CD might be a smart place to put money, but thinking that is even an option at 37 years old indicates you are not willing to take ANY risk, which is just about the best way to fail miserably in ANY business...

Best wishes...

Tags
  Investment Trading   Investment Strategy   Investment Services   Investment Portfolio   Investment Plan   Investment Performance   Investment Options   Investment Opportunity   Investment Manager
Related information
  • Why would Yahoo! Co-Founder David Filo sell 167,000 of his shares?

    insider rules are different from the general publics... otherwise he would just wait until he knew they would beat earnings and sell into the pop before they disappoint... to avoid the appear...

  • Is this legitimate for rental property?

    There is a principle in income taxation: If you do something without a sound business reason as your primary motive, you cannot get a tax benefit from it. Here, your primary motivation is to red...

  • Wanting to start investing but not sure how?

    A good idea is to do some research first. read some books, watch Cnbc, Mad Money with Jim Cramer,etc. while you're learning, save up some money. If you use a broker, you will be pay...

  • U enjoy ur job? Can use ur talent, idea and creativity? It fetches u a rewarding sum of money?

    I don't think you are supposed to remain in one career only. It's human to be curious and seek out new challenges. You should rise to the challenges your career path brings to you. Too...

  • Which house would you choose? My husband and I are looking for a new house. Our realtor showed us two we like.

    If you can afford house #1 and you're willing to live there for quite a few years (until the neighborhood becomes more desirable), I would go with it. I can tell you love this house and you d...

  • Payoff home mortgage?

    Pay your mortgage off first. Invest what you have left. Always pay off your mortgage before investments other than retirement type investments. People will tell you that if your home mortgage i...

  • Gap in retirement benefit?

    You can start taking penalty free withdrawals from your qualified accounts ( IRAs, 401K, Roth IRAs, or other qualified plans) at Age 59.5. There is a basic window. At 59.5 the window opens so you...

  • Quarterly Compound Interest?

    I assume the interest rate is annual. If this is the case, at the end of month 30 you will have 1800 ( 1 + (0.0525/4) ) ^ 10 Hope this helps.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster