Suze Orman Retirement Road Map For Ages 20s 30s

RETIREMENT RULES - The Rules of the Road to Retirement for all ages. These are moves to make before it's too late. CNBC's "The Suze Orman Show"- 09/19/2009 full show at podcast.cnbc.com.edgesuite.net/​SUZE-091909.mp4

Comments

1. can you guarantee that I will live till I'm 65 yrs of age? What if I died after a few years after I started saving for my retirement?
2. so why not a Roth 401k?
3. 8% rate of return?! HOW? I can't even get 1%
4. I love all the negative statements. If you think you can do something your probably right. If you think you can't do something, you are right!
   
   Everyone laughed at me but I paid off my house and have NO DEBT. By the way I retired at the age of 55. If you go out to dinner every week, if you want to keep up with the jones's and constantly lease or by new cars all the time you won't make it. The average "Jones's pay interest on cars and credit cards.
   
   If you make your decisions in life to save at least 10% of your gross and save in a Roth or 401k, buy a home with 20% down. Don't buy a big expensive house so you have to pay high taxes and insurance. You will succeed.
5. couple of things - most of us wont be able to contribute to Roth IRAs as our income increases. I was able to contribute to my Roth for a grand total of 30 months before i lost eligibility (in large parts thanks to my big bucks earning significant other!).
   
   and most of all, i dont know which fund in this work is currently giving you an average 8% rate of return!!!!
   
   the best you can expect is about 6.4% which is the average rate of return on the S&P 500.
6. Here for extra credit for my Finance 190 class
7. "Today, on QVC, I launched the Suze Orman Give Me Money So I Can Retire Program!!" Cmon Suze...
8. Why are you yelling?! :( I'm already freaked out, calm down!!
9. The first half of the video was fantastic. Then she shotguns target date funds in order to push her own product. Vanguard Target Date funds are the only funds a clueless person should be putting their IRAs into.
10. 8% is a stretch. my roth 401k did 2% last year and 6% this year. just saying. i do duplexes (real estate). its also a good retirement investment. that being said, i would still max out the fund. cant hurt. this lady has good info.
11. Some of this advice is now obsolete considering 401k's now have a Roth Contribution option and given the higher contribution limit of $18,000, it remains a viable option to contribute more than the company match.
12. Don't know where she learned math but 5k a year for 40 years only gives you 200k not over 1 million dollars.
13. 5:09 She advises Monica against target date funds because in 2008-2009 they went down along with everything else.
    
    If you can't handle losses in your retirement fund when you are in your 20s and 30s, when can you? There is always a tradeoff between risk and reward.
    
    If you want to reap the rewards of owning equities (the equity premium: over the last 100+ years, stocks have done better than everything else), you have to be able to handle short-term uncertainty and potentially huge losses like 08-09. If you can't stomach that, you're severely limiting your options
14. MOST people don't know that you can also use life insurance products to start saving for your retirement!!
15. Anyone else here bc of a financial lit class?
16. Silly lady thinking that most people in there 20s can afford to put 400 in a roth ira.
17. Your advice is crucial for everyone. I wouldn't where I am today without your wonderful advice. I have my Suze Orman checklist done and am doing great !
18. if only she knew what dhe was talking about
19. It is definitely advisable to start planning early!
20. 8%? Where?