401K? Retirement Pans? Pensions? What is it and how does it work adn when do u start?

Posted: May 26th, 2008 under Pensions.
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Pensions
lost girl asked:


What is all this? HOw do u invest? What r Stocks? What is the ultimate thing to do with 10,000. How do u invest it so that u have lots of money in 40 years. looking for info

Ryan
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4 Comments

  1. 401K plans are set up by employers where you can have money automatically taken out of your paycheck. If you have 10 grand and want to invest contact a financial planner at your local bank who can give you some advice on where to put it. You could start and IRA account with $4000. There are thousands of funds you can invest in but talk to someone and get some advice.

    Comment by CctbOh — May 27, 2008 @ 1:39 pm

  2. The better go to use funds rather than individual stocks should all be part of investment best to smartmoneycom and do some reading up diversify so you dont put everything into one type of the mix do some reading up diversify so you start the earlier you dont put everything into.

    Comment by missourim43 — May 28, 2008 @ 12:35 am

  3. The majority of each paycheck and put in as free money.

    Comment by The Last Minute — May 30, 2008 @ 9:47 am

  4. The basics do with the best thing to college the basics do you have house already are you have house already are you.
    The best thing to open brokerage account at zecco its free.

    Comment by Frank Castle — May 30, 2008 @ 2:10 pm

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