UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: csr0101 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75794  
Subject: Re: new to fool retirement/investing Date: 12/28/2008 8:56 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I agree, the index funds probably sound like the best bet at the moment. I'd like to put some into individual stocks, but until I'm more familiar with the process for evaluating a stock, I'll probably stick with the index funds.

I'm trying to make the divorce as 'amicable' as possible and have declined alimony. I will get $660/month in child support. He makes twice what I make and also has a 403B and 401K that had about $170k in it. So combined, our retirement savings was closer to $400k prior to the decline and divorce. He will also owe me an additional $55k over the next 5 years as a buy out from the marital home (I couldn't afford to keep it without his salary). All of that will be going to retirement as well.

I agree, I've slacked off regarding retirement as I hadn't expected to go through the divorce. But now I'm trying to play catch up and get myself set up going forward.

At the recommendation of several users here, I've also purchased some books by John Bogle. I also have a few by Warren Buffet (am currently reading Snowball). I definately want to handle the funds myself (no more managers for me), but know I need to learn much more about this before I feel comfortable actually 'doing' something with the money.

Thanks for the advice!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement