Comments on: 23 Things Beginners Absolutely Must Know About Saving for Retirement

By: Jim

Jim — Wed, 17 Feb 2010 23:02:18 +0000

One site I legit thought was good when i was growing up was this one. It helped me out majorly, wasn't nearly all my cashflow, but a nice 40%

By: tommy

tommy — Mon, 08 Feb 2010 10:41:09 +0000

I’m 21 years old and I’m finishing up my associate’s degree and I make $41,600 a year…If someone with a bachelor’s at 22 doesn’t make that amount that sux lol

By: Mario

Mario — Fri, 08 Jan 2010 03:41:53 +0000

I would recommend to the young people who are interested in being more financially savvy and making more aggressive investments to consider investing in real estate. I personally have had a lot of success in it at a young age and although there are risks involved in any investment the timing is perfect and the value will never drop to 0 like some stocks i have seen in the past few years. obviously work with experienced people and know what you are doing. The returns can be much higher and you can leverage your money much further than most paper investments. It is a great way to build up your cash to invest in other slower moving investments. I strongly recommend it for the person who is willing to invest the time and be patient to learn.
M.

By: I'm with Huh?

I'm with Huh? — Wed, 04 Nov 2009 06:29:15 +0000

I have to agree with Huh? High-paying fields like health care require a graduate degree–few if any 22-yro lds will have that degree. The part of any of the fields mentioned that a 22-yr old will be in are unlikely to be anywhere near the salaries mentioned. And “ambitious”? There’s more to life’s ambition than a particular salary level. Maybe I’m biased–I passed the age of 30 a long time ago, and even with two graduate degrees, have only recently passed that $40K mark. The true compensation is that I love what I do, working in an academic library. If I’d let it be all about making more money, I’d have had to run away screaming years ago from whatever soul-sucking job I’d ended up taking to get there.

By: David Weliver

David Weliver — Fri, 30 Oct 2009 14:34:53 +0000

Okay there was a comment on here for a while made to look like it came from me advocating market timing. That is BAD advice and it certainly did not come from me. FYI, I do not usually delete comments based on their content unless it is obviously libelous, hateful, or harmful. I deleted this one, however, because it was trying to impersonate an administrator of this site. @Huh? According to the National Associate of Colleges and Employers (NACE), the average starting salary for new college grads in 2009 is $49,307. Another site puts it at $46,000. These averages are skewed by high-paying fields in engineering, technology, and health care, and $40k is certainly more than I made in my first job seven years ago, but today it is a completely plausible salary for an "ambitious" college graduate.

By: James

James — Fri, 30 Oct 2009 03:24:46 +0000

Starting salary for a teacher, nurse, engineer, any basic entry level job that requires a college degree can be assumed to be around that amount. Perhaps not in this present economy, but normally it is the standard.

By: Huh?

Huh? — Fri, 30 Oct 2009 01:18:13 +0000

“A 22-year old earning $40,000…”

What planet are you living on?

By: Live for Improvement

Live for Improvement — Tue, 27 Oct 2009 21:20:38 +0000

Going over the basics is a sure way to solidify the foundation of success.

As David mentioned, you are not limited to one kind of retirment plan. Start with a Roth IRA, 401k/457, and consider getting a job that offers a pension, or manag an investment property. Never stop contributing to your emergency fund and eventually it will become yet another means of supporting your retirement.

-Dan Malone-

By: Kay

Kay — Tue, 27 Oct 2009 17:29:00 +0000

Good advice that some veteran savers should look to as a refresher!