4 ms·
Do your due diligence, but here are the cliffnotes: All stocks in the US: FSTVX, VTSAX All bonds in the US: FTBFX, VBTLX Step 1: Put {your_age}% in one of th
by kchoudhu 10y ago
Do your due diligence, but here are the cliffnotes:
All stocks in the US: FSTVX, VTSAX
All bonds in the US: FTBFX, VBTLX
Step 1: Put {your_age}% in one of the bond funds, and the rest in the stock fund.
Step 2: Religiously invest a portion of your salary every month.
Step 3: Don't look at your savings more than once every quarter or so.
Step 3.5: Don't let your spending grow out of control as your career progresses and your salary grows.
Step 4: Retire a multi-millionaire in inflation adjusted dollars after 20-30 years or so.
- jrlocke 10y agoGuidance on the portion of salary to invest?
- mipmap04 10y ago10% is a pretty common percentage and what I put towards bonds and stocks each month. I do pretty much what the parent post said.
- my_username_is_ 10y agoIf you want to retire earlier than the traditional 65, this is a good starting point to figure out how much to save based on when you want to retire: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
- kchoudhu 10y agoSave until it hurts just a little bit, and then a little bit more. My wife and I did 50% of our nominal takehome every month in a high COL area. It was fine. The more you save, the faster you get to Stage 4.