Best Retirement Income

Bea · by **Bea** » 24 Jul 2010, 22:21

How best to generate retirement income from $40,000 in Fidelity mutual funds?

My mom has just retired. She'll be get annually about $24k in annuity and pension and another $14k in Social Security. She has a Fidelity account that has about $40k in it and its is currently ina Growth type funds. I'm looking for suggesions within the Fidelity Family of Funds that would be good at generating income while keep risk and volatility low. Also, it would be nice if it was tax efficient, too. Any ideas?

Dionne · by **Dionne** » 24 Jul 2010, 22:21

I wouldn't be afraid to have 10% of here contributions in a higher risk fund like Int'l Divers fund.. I would have a portfolio though. Choose 5 or so.. If one does bad then you can have the others back you up.. Split the five funds between 10-30% until you total 100%... You can have a low risk at 40% then split the other 4 at 2 for 10% (High Risk)with two at 20% (Lower risk).

Cleora · by **Cleora** » 24 Jul 2010, 22:21

Retirement within a year and would like suggestions for secure investments that offer a reasonably high yeild. Retirement within a year and would like suggestions for secure investments that offer a reasonably high yeild.

Annabelle · by **Annabelle** » 24 Jul 2010, 22:21

Don't use a broker/financial advisor!! Their fees will kill you.

http://www.retireearlyhomepage.com/advise.html

Consider that 4% is considered the safe withdrawal rate in retirement. Does it make sense to pay half of that or more in investing fees to brokers and high priced funds?

There are plenty of good books and articles and tools to help you.

http://news.morningstar.com/articlenet/ ... =hparticle

https://personal.vanguard.com/VGApp/hnw ... ontent.jsp

And ask here:

http://www.diehards.org/

Adrianna · by **Adrianna** » 24 Jul 2010, 22:21

What is the best way to save money for my retirement .My income now is just enought for my living expenses.?

I am a businessman . Ihave plenty of obligations to pay. What is the best way whwere i can save money for my retirement.

Christel · by **Christel** » 24 Jul 2010, 22:21

Hi friend,

Here's some advices, maybe it useful for you.

http://all-about-useful-tips.blogspot.c ... about.html

Thanks,
james

Yetta · by **Yetta** » 24 Jul 2010, 22:21

For mid-income americans who live abroad, what is the best retirement plan?

An American in his 30s, living in Japan with his Turkish wife.

Genia · by **Genia** » 24 Jul 2010, 22:21

Do you have earned income? Are you filing your tax return in the states? If so, you might still qualify to open and contribute to traditional IRA or ROTH IRA. If you're self-employed, you might be qualified to open a SEP IRA where the maximum contribution limit is 42,000 or 100% of income.

Definitely do save/invest in addition to IRA limit for a secure retirement.

Genevive · by **Genevive** » 24 Jul 2010, 22:21

I'm 32 what is the best way to start saving for my retirement on a fix income? I'm 32 what is the best way to start saving for my retirement on a fix income?

Rosalie · by **Rosalie** » 24 Jul 2010, 22:21

Quite a few investment companies will let you invest a small amount of money ($50/month) if you have it automatically deducted from your checking account. I do this with Vanguard. If you get all of your statements from them online, they'll waive the fees for having a small account, too.

If your workplace offers you matching funds, take advantage of them. This means they'll put the same amount of money into a retirement plan that you do. It's like getting free money.

As for where to find the cash, take a hard look at where your money is going. If you're buying a fancy coffee drink each morning, that's several dollars per day right there. Pack lunches instead of buying fast food, rent DVDs (or, better yet, get them free from the library) instead of going to the theater, etc.

Small, regular investments can really add up over time. Good luck.

Best Retirement Income

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