The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Confused about retirement strategies Date:  6/25/2004  11:05 AM
Author:  lethean Number:  41319 of 90548


What a terrific response to mr feathers!

mr feathers:

I agree with Chuck it sounds very much as though whoever advised you is looking out for themselves. It's a poor list of alternatives, IMO.

I also agree that you need to be sure sufficient liability insurance is in place. (that is difficult in some states...) I might consider this item to be THE most important.

Also, you said defined benefit plan? Have you considered diverting that extra $100K-$200K/year into it? # of employees in the plan and their ages would be relevant factors.

Or, you and your wife could buy $30K I-bonds each/year ($60K total). Or, ladder EE bonds.

Info on both at

There is a good bond board at the fool if you have questions.

My personal investment favorite...Berkshire Hathaway. It's considered reasonably priced now (though not cheap). It would require some time spent getting to know the company, though.

Info at

Finally, if you search for estate attorney and fee based planner as Chuck suggests, my suggestion would be to NOT get referrals from other physicians.

I understand completely how overwhelming it might seem to get a plan going.... especially while still working full-time. Just get away from whoever gave you those alternatives. Also, sitting on cash might not be a bad thing for a few years...might even be GOOD. All to say, ... there's no rush.

Good luck

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us