Investment ideas to save for retirement

I don’t have any savings, but I manage to get lucky and worked for a company that offer 401K and so I just squeeze it and put the money into 401k and hoping that the money will still be there when I retire. Though I fear the worse, but it is the best I can do right now. I already cannot depend on the social security because of the ways the economy is going.

It wouldn't be a mistake to open a Roth IRA either. You make post tax contributions to your account (which means you only pay taxes on the interest you earn with the account) and you can use a Roth for some investments, real estate, etc. A Roth is a great investment tool and unlike a 401K, you can borrow the money you've put into it, without penalties and taxes.

Hello...Firstly, open up a special savings account. If you can get one that rewards you for deposits if you make no withdrawals, that would be good. I'm guessing you already have a budget...it's imperative that you have a budget and stick to it. You might have to go without a few things at first but it's your long term goals your heading for. Make a long term goal...like you want to invest $1000 dollars in a year. Break that down into months or weeks and put away as much as you need to reach your goal. If you can do better than a thousand, go for it. Keep it simple though and don't overstretch yourself. Also remember you cannot have it all. You cannot drive a fancy car, go on holidays, buy the latest fashions, or indulge in beauty treatments or fancy haircuts, watch the newest release movies and do takeaway or eat out every week. Good luck

I have some savings which i am making for the past 15 years since i got a job.. some of it is in the form of Insurance,, and some in the form of deposits.. and some in Saving bank account. But i wish.. i must increase the savings per month so that i can have a good and happy retired life.

Take 10 percent of every check and set it aside in a savings account. Put that in a CD at the bank once you have enough to start one and when that matures: divide and re-invest into two cd's repeat this process until you have enough to take some risks. If you work has a retirement plan then get that into something that is actually earning money. Zero risk. Hope that helps.

I've read lots of tips on investing and given a fair share of them aswell. Bear with me. This might turn out to be a long post. First of all, congratulations on making this post to seek financial education. Financial education is something especially the author Kiyosaki often speaks of. That is a great place to start. Knowing and understanding economics will certainly strengthen your financila situation. There are many places to invest in accounts, funds, stocks, building a business of your own and yourself. I like the last one greatly. In this exciting times it's good to know that you can always create new wealth. I have a couple of friends who are very worried about losing their money... But there is no reason to worry if you know won't lose it for long ;) So classes to better yourself, learn new traits, languages, professions and skills can be priceless. Self development should be a lifelong process. Building a business and investing in it is one, but I won't go to that at this this discussion. Stocks are my favourite. You get to buy a part of the company, sharing in it's profits. One smart thing to consider in buying stocks is that you actually do become an owner and a shareholder of the company and at least in Finland corporate governance dictates that corporations must hold annually a shareholders meeting and usually the owners (that would mean you) want to have a great time so excellent servings are also included. I myself have made a long time ago an invesment of some 800 euros to a real estate company and so far it has offered me two meals at the price of 100 euros at least and dividends worth 400 euros. Not a bad invesment so far ;) Always buy to own. Trading with small amounts of stock/cash will not get you anywhere. Funds are an easy way to diversify. But I dislike them. All sorts of hidden expenses and lack of control. I prefer to know where my money is. Accounts for short term can be a smart investment. Make sure you're getting more in interest that the inflation is! I never keep amount bigger than 1000 euros laying around in my bank account. How to choose investments then? Well buy to own. What companies do you like? Are they doing good? Improving service? Would you like to work for them? Choose companies you know about. Long text. I could go on for hours about the subject. If you want to know more, or links to great resources, drop me a PM.

Here's the thing about 401K accounts...Uncle Sam does not have his piece of your money...yet! And should Uncle Sam want to raise tax rates, he can take a bigger bite out of your nest egg than you planned on. The government also tells you that you need to start withdrawing on the account at a certain age...remember, Uncle Sam wants his cut. Even if you haven't retired, you must start diluting your 401K account and continue taking money OUT every year after! With a 401K account, if the company doesn't match, you are better off saving your money elsewhere, Roth IRA, stock market, etc. If your company matches only to a certain amount, contribute until you reach that amount and when your company stops matching, consider a Roth or the market. A 401K could be a good investment, but if you are younger, in your late 20s, early 30s, who knows what happens when the largest segment of the Baby Boomers are forced to begin withdrawing from their 401Ks. (and of course begins collecting Social Security) It is a good thing to begin saving for your future, just look into all the options that are out there. The earlier you begin saving, the better off you'll be when it comes time to retire.

CDs are always a safe thing to do if you have some extra money. You dont make alot of money on them but it is a safe investment and you cant lose anything. Sometimes individuals at your bank or credit union can be helpful in that regard.

I know absolutely nothing about investing, but wanted to share this little tidbit. When I inherited some money, I put it in a Money Market account right away. They have MUCH better interest rates than a regular savings account. Once you decide where you want to invest, you'll have a little bit more to do it with.

Don't get ahead of yourself and make things too complicated when you are just starting out. Keep it simple and basic and be disciplined. My best advice is to open a completely separate account. An account without checks or a debit card or a credit card on it. This is an account that "money only goes into". Then be disciplined and put in a little every month. Whatever amount you are comfortable with and leave it be. Remember money only goes into this account. Once you have built up a decent amount look a diversified mutual fund and build from there.