Comments on: Retirement – I need opinions

By: 2009 Year in Review (Part 2) « Counting My Pennies

2009 Year in Review (Part 2) « Counting My Pennies — Wed, 06 Jan 2010 11:02:21 +0000

[...] thought about retirement planning. I got a number of comments on a post about the plight of the twenty-somethings. I ran another [...]

By: Counting My Pennies» Saving For Later

Counting My Pennies» Saving For Later — Fri, 19 Jun 2009 10:01:05 +0000

[...] much pondering, I recently upped my retirement contributions. I had been contributing 5%, plus the max [...]

By: The Festival of Frugality - Famously Frugal Edition | Ask Mr Credit Card's Blog

Tue, 07 Apr 2009 23:36:16 +0000

[...] Counting My Pennies presents Retirement – I need opinions. [...]

By: Megan

Megan — Sat, 04 Apr 2009 11:36:55 +0000

Pamela, that’s a good point, but I’m not convinced that I’m going to be staying in the D.C. area for long enough to make buying a house a good idea. And D.C. housing prices, while low, are still inflated, so it’s not as great of a “deal” as it is elsewhere.

By: Pamela

Pamela — Sat, 04 Apr 2009 04:04:50 +0000

You really ought to think of buying a house before 12/1/09 as the government is giving up to $8,000 credit. (First time home buyer’s credit.) Free money that does not have to be paid back. Also, housing prices are the lowest they have been in a long time.

By: TGIF Round Up: Spring fever edition | Frugal Living Tips & Money Saving Ideas | Living Well on Less

Fri, 03 Apr 2009 12:02:32 +0000

[...] My Pennies needs some help with retirement investing. I’ve only been saving for retirement since I opened my Roth IRA in January, so I can’t [...]

By: Paula

Paula — Thu, 02 Apr 2009 03:46:45 +0000

I’ve increased my TSP contribution to the full IRS limit; although, I’ve changed my allocations to put 60% in G (for safety because I’m AFRAID this current recession is like no other), with 10% increments divided between the other funds (common stocks, bond fund, small cap, and international). I have law enforcement retirement, so I can only work a few more years. If I had longer, I would feel more comfortable putting more in the riskier funds. My husband and I also fully fund our Roth IRA’s, which are in riskier funds (sigh). If I were in your position, I would have no problem increasing my contribution, especially while the market is low. Like you said, it easy to make a change online!

By: asgreen

asgreen — Wed, 01 Apr 2009 16:28:31 +0000

I would put a little bit more away for retirement. Especially because now is a great time to invest if you have more than 20 years.

I went to a financial planning seminar my place of work hosted and it convinced me to put away more, even just 2% more.

By: Vikki

Vikki — Wed, 01 Apr 2009 12:55:17 +0000

I’m no financial planner but with this economy, I’d say keep saving for your down payment… I hope you’re working towards 20% down because that will really defray your mortgage once you get there. I hope you can find something soon, before the real estate market picks back up. Have you looked to see if there’s anything really cheap in the area you want to move to?

I’ve been reading your blog (when I can) for months now and it seems like you’re on the right track. Good for you. Vikki at http://www.survival-cooking.com