early retirement?
Question by baldybeeen: early retirement?
i’v been ay my job for 15years and i am only 37 want to start my own bussiness but i plan on staying on my job until I’m there for 25years would it be i good idear to retire or just quit and roll my retirement into a cd or some other investment
Best answer:
Answer by Thin Kaboudit
If you are age 37, and think a CD is a good place to put retirement funds, I’m sorry but I would strongly discourage you from going into business for yourself, you may have a poor understanding of money. If you were 67, a CD might be a smart place to put money, but thinking that is even an option at 37 years old indicates you are not willing to take ANY risk, which is just about the best way to fail miserably in ANY business…
Best wishes…
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Not sure I understand the question, but I’ll try to help. The business you want to start–will that take up all of your time, or will you be able to do it concurrently with your job (like an eBay business)? If you can do both at the same time, that would be best. Or, do you want to start the business in 10 years, AFTER you retire? If that’s the case, and your business will be your sole source of income, you will want to keep your investments pretty conservative (since your business will be a huge risk).
TK is right, with 10+ years until retirement, you should be more aggressive w/ your retirement funds. A few good stock mutual funds would be good. As far as fund companies go, I like Fidelity, T. Rowe Price, and Vanguard.
I hope that helps. Good luck!