UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: CRAIG826 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76243  
Subject: Overall retirement plan approach Date: 4/9/1999 6:44 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I'm a novice investor hoping to retire at 55 (20yrs), and have realized I've got to get more aggressive re. my investments to meet this goal.

Several questions:

(1) In setting up an investment account with a discount broker, what options do I have on setting the account up on a pretax (ie.. 401K, or IRA) basis?

(2) What's the Foolish thoughts on 401K's? Max them out due to the tax saving, inspite of limited investment options, or other thoughts....?

(3) My wife and I are involved in several charitable organizations, and on 'retiring' would like to increase involvement in our own charitable activities. My ideal is to set up our own non-profit, charitable organization now; give money to that organization; invest the given money; on retirement begin drawing a 'salary/expenses' from the organization for charitable activities. Has anyone done anything like this? It seems like there should be some tax advantages to this. This would be 'above board', ie.. we really would be 'earning' any salary drawn, or using expenses for charitable activities.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | 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."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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