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comment by rinx
rinx  ·  1870 days ago  ·  link  ·    ·  parent  ·  post: Don’t Be So Sure the Economy Will Return to Normal

Yeah switching jobs might be your best bet. It's pretty common for companies to offer help saving for retirement. Either way, I understand it's difficult to save when there's so much ahead of you. I didn't mention it to judge you, just trying to share some extra resources.

One thing about the house, the nice thing about a Roth IRA is that you can take out the money you've put in any time. On top of that, for a first time homebuyer you can take out an additional 10k. So your money will grow tax free and help you along with savings. Ideally you would be able to keep it in for retirement, but if you can't there's lots of good options.





pleb  ·  1870 days ago  ·  link  ·  

I actually have a good portion of the downpayment in bonds at the moment. I'm just going to end up having to liquidate them when we go to purchase a house. Once all the expenditures are out of the way we'll probably start putting money into a Roth IRA and some diversified bonds similar to what I have now. I just doubt that the IRA and bonds will equate to enough savings for either me or my future wife to fully retire in our old age. I appreciate the suggestions though.