Want a big retirement fund? This is how it's done

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  • cjb Bountiful, UT
    March 22, 2012 3:27 p.m.

    If you can satisfy yourself with a decent but not an extrvagent car, dido with the house and everything else. Then learn to take care of what you have. Don't drive your car too hard. Get the oil changed when you should.


    You can afford to fully fund your Roth IRA and at least get the matching on your works 401k.

    My advice is educate yourself on business and investing. Don't have a planner do it for you. They charge 1% or more a year and over time this really adds up. Also if you choose to buy mutual funds, get funds that are no load and charge very little fee from year to year. There are some high fee funds which have done better than the market for several years, but there is no guarantee they will continue to do so in the future. Therefore I refuse to buy such funds, prefering no load funds.

    This advice is advice I have taken myself.