Should we should save for retirement?
544706
unless you are planning on living in a cardboard box, or are filthy rich, you better be saving!!! minimum to set aside is 10% of your income, but that is bare bones minimum. don't count on the government of any country to help you, and if they do, it will be subsistance level only, don't expect to be warm and well fed. you have only yourselves to count on. I certainly hope your children will take care of you, but that mostly depends on how you raise them. are you raising them to believe that family is important, and that old people are to be respected and honored? are you raising them to be responsible adults and to have respect for others and themselves? even so, they could have tragedies in their own lives that prevent them from being there. and when you consider that people are living longer than ever, how do you think you are going to pay for your food, housing, medicine for all those years after retirement if you don't have some set aside? I bet if you go into a senior center or retirement home in any country, you will find plenty of people going without medicine, food, and other important things because their social security or government benefits just aren't enough. contact a financial advisor or do some research yourself and start saving and investing now.
121220
No, alot of older conservitives don't want social security messed with, It really is a bad idea to invest in a stock market with its ups and downs. There must be an answer between that and the way it is going.
109632
If you are working for a company with a 410K plan, definitely contribute the top percentage you are able to. I began when I was 21, and now that I'm 28 I have a HUGE amount of savings in mine.
241030
It may be if they still need to save for retirement. The only concern with the roth is that the money will have to sit there for 5 years before they can get it out penalty free. Well, the earnings at least. On a short time frame the tax deferral may not make a big difference and they could use a standard taxable investment account. They should see a financial planner. Consider long term care insurance as well.
284237
It is a good idea.  You can never make up the difference if you don't start investing until you are older (due to compounding interest).  A 401 K is dogmarked for YOU and no one can take that money.\n\nThe thing about baby boomers, that is really only affecting PENSIONS which are not the same as 401K.  Even if the market returns drop, your money will still be there.\n\nIf you feel worried, get an IRA from an independant investment firm.  Your return won't be as high and you will not get to put the money in before taxes, but this way your company cannot drain you.
320509
Read a good book (or two) on retirement investing.\n\n(In the long run it will teach you a lot & save you tons of money)..............
1051251
Save your money when you're young. Be lucky and have good health. Spend your youth going after well thought out goals for example marriage and kids and friends. Money and career can be overdone. If you don't have time for exercise, play and family even if you wind up rich you'll be miserable. In other words lead a balanced life. Help others if you are able and they need it. When old, 60 regret nothing.
636358
$20, Keep it, worth more later after retirement.
842365
Everyone must create his own retirement savings.  You need to save about 15% of every dollar you'll ever make to expect a reasonable retirement.  You need to deversify your investment and maintain a good rate of return (about 8% per annum). Avoid any mutual funds with annual fees exceeding .2%.  Direct investment in stocks and bonds will greatly reduce the expense drain on your portfolio.\nPut 10% of your money into foreign investments.
704915
if the money is right you should go for it. Since they want you so bad ask for more money, COLA(Cost of living allowance), and retirement benefits.
134146
INSURED THEM. Then, it is up to insurance companies.\nReshuffle the retirement plan. \nWhat the best is 'prevention is better than prevention'. Choose a healthy life style when u r still young.
275612
Learn how to save money and you'll be ok. Take a deep breath ... and let it out - you're free!
986567
Get a good education so you can get a decent job, then put as much as you can into savings.  Maximize things like 401K, especially if there's a company match.  If you get any extra money, like bonuses, invest that, don't go out and spend it.\n\nIf you have just a little luck with growth of your investments, you could be a millionaire when you retire.
364148
You should try www.suzeorman.com or themotleyfool.com for this kind of info about retirement, savings, and investment for the future.
141803
Not knowing if Social Security will be available for when younger generations are elderly; it's a good idea any to save your money today for when you get older.  You could still work if you want to when you're older, but wouldn't be nice knowing that you don't have to if you don't want to.
549153
Probably not but it is hard for me to answer than now because I am already older than 50.  Had I known I would only make it to 50, I would be spending as much of my money as possible doing all the things I want to do: travel, visit friends and family, eat in all the great restaurants, etc...in other words, live life to the fullest since you wouldn't need to save for retirement.
461308
Zero - its a complete con. If you are under 45, it is extremely unlikely that the state pension will be worth anything when you retire. If you can't afford to make a decent pension provision then don't bother and rely on state benefits instead.