November 1st, 2004


An investor is me!

My new job provides me with a 401(k) plan. This is the first time I've ever had a job with a retirement plan. I've got to figure out how much money I want to part with each month, and how much I want to risk. The company provides matching up to 2% of my salary, so I figure I have to invest at least that much. But how much else am I willing to part with.

My grandfather was very smart, he had not just his and his wife's Social Security, but also his military and California employee retirement checks, almost $60,000 a year just sitting on his ass!

I would like to be able to retire in style like that and never have to worry about paying the bills. I never served in the military, and I'm not married (and gay marriage probably won't be allowed any time soon), so it'll be just SS and whatever I invest now. I'm 31 years old, almost half-way to retirement.

Anything I put into a 401(k) is tax-exempt, so I'm thinking of pumping a huge chunk (20-30%) into it. But how much risk am I willing to take....
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