Comments on: Retirement in Your 20s http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/ Personal Finance for College Students and New Graduates Sun, 14 Mar 2010 06:22:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Earned Wealth http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/comment-page-1/#comment-3464 Earned Wealth Wed, 20 Aug 2008 05:33:52 +0000 http://www.greenpandatreehouse.com/2007/12/26/retirement-in-your-20s/#comment-3464 Great information! Thanks for writing this. It is an honor to participate in the discussion. Great information! Thanks for writing this. It is an honor to participate in the discussion.

]]> By: Me vs. Debt http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/comment-page-1/#comment-688 Me vs. Debt Sat, 29 Dec 2007 17:59:10 +0000 http://www.greenpandatreehouse.com/2007/12/26/retirement-in-your-20s/#comment-688 <strong>Saturday Morning Coffee and Links...</strong> Coffee for me, links for you. Thought I'd share some things I've been reading this morning:Paid Twice acknowledges the Snowflake Revolution. I've felt this one coming for a while now.This Would You ...... Saturday Morning Coffee and Links…

Coffee for me, links for you. Thought I’d share some things I’ve been reading this morning:Paid Twice acknowledges the Snowflake Revolution. I’ve felt this one coming for a while now.This Would You ……

]]> By: Saturday Roundup - Dec 29, 2007 | Credit Withdrawal http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/comment-page-1/#comment-687 Saturday Roundup - Dec 29, 2007 | Credit Withdrawal Sat, 29 Dec 2007 16:18:34 +0000 http://www.greenpandatreehouse.com/2007/12/26/retirement-in-your-20s/#comment-687 [...] Green Panda Treehouse - Retirement in Your 20's [...] [...] Green Panda Treehouse – Retirement in Your 20’s [...]

]]> By: Green Panda http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/comment-page-1/#comment-670 Green Panda Thu, 27 Dec 2007 18:14:40 +0000 http://www.greenpandatreehouse.com/2007/12/26/retirement-in-your-20s/#comment-670 Thanks Randall, I did forget to mention that point! Thanks Randall, I did forget to mention that point!

]]> By: Randall http://www.greenpandatreehouse.com/2007/12/retirement-in-your-20s/comment-page-1/#comment-669 Randall Thu, 27 Dec 2007 16:54:28 +0000 http://www.greenpandatreehouse.com/2007/12/26/retirement-in-your-20s/#comment-669 The only extra step I'd mention is to try to call and have the interest rates on the debt reduced first. If you can get your interest rates within about 3-5% of your expected rate of return for your investments (around 10% historically for the stock market) you might consider putting it towards retirement first, at least to build a small nest-egg that will continue to snowball towards retirement. Starting very early in your life can counterbalance a lot of later-year stupidity (like not contributing at all). Getting rid of high interest debt is important, but it might be worth considering holding off if you're a) young and b) don't have a crippling amount of debt. Just my $.02 The only extra step I’d mention is to try to call and have the interest rates on the debt reduced first. If you can get your interest rates within about 3-5% of your expected rate of return for your investments (around 10% historically for the stock market) you might consider putting it towards retirement first, at least to build a small nest-egg that will continue to snowball towards retirement. Starting very early in your life can counterbalance a lot of later-year stupidity (like not contributing at all).

Getting rid of high interest debt is important, but it might be worth considering holding off if you’re a) young and b) don’t have a crippling amount of debt.

Just my $.02

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