Comments on: When can I retire if I invest in two IRAs? http://www.iraroth.net/2010/03/when-can-i-retire-if-i-invest-in-two-iras/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: swenjj http://www.iraroth.net/2010/03/when-can-i-retire-if-i-invest-in-two-iras/comment-page-1/#comment-672 swenjj Sun, 07 Mar 2010 20:06:42 +0000 http://www.iraroth.net/2010/03/if-i-invest-in-two-iras-how-well-off-will-i-be/#comment-672 kitty, why not just say you live off of 5% of the funds? 1M x 5%=50,000 seems easier to me but starting at 19 is going to help a whole lot, i started at 30 and i sure wish i would have thought ahead when i was 19 kitty, why not just say you live off of 5% of the funds?
1M x 5%=50,000

seems easier to me

but starting at 19 is going to help a whole lot, i started at 30 and i sure wish i would have thought ahead when i was 19

]]> By: Kitty http://www.iraroth.net/2010/03/when-can-i-retire-if-i-invest-in-two-iras/comment-page-1/#comment-671 Kitty Sun, 07 Mar 2010 19:20:08 +0000 http://www.iraroth.net/2010/03/if-i-invest-in-two-iras-how-well-off-will-i-be/#comment-671 You will need to invest at least $4000 a year to have anyting worth talking about. But it really depends upon what you want at retirement.... A simple formula : Take any amount, divide it by 2 and then drop a zero. We will do ONE MILLION for the example : $1,000,000.oo divided by 2 = $500,000.oo DROP a zero = $50,000.oo. Can you life off $50,000.oo a year?? If so then you will need to have one million dollars in these IRA's combined Simple simple! You will need to invest at least $4000 a year to have anyting worth talking about. But it really depends upon what you want at retirement….

A simple formula : Take any amount, divide it by 2 and then drop a zero.

We will do ONE MILLION for the example :
$1,000,000.oo divided by 2 = $500,000.oo DROP a zero = $50,000.oo.

Can you life off $50,000.oo a year?? If so then you will need to have one million dollars in these IRA’s combined
Simple simple!

]]> By: bowler_j http://www.iraroth.net/2010/03/when-can-i-retire-if-i-invest-in-two-iras/comment-page-1/#comment-670 bowler_j Sun, 07 Mar 2010 18:33:05 +0000 http://www.iraroth.net/2010/03/if-i-invest-in-two-iras-how-well-off-will-i-be/#comment-670 If you invest the maximum allowed in either account every year until 65 and you earn 10% - the long term average return of the stock market, you will have in excess of $3 million. If you invest the maximum allowed in either account every year until 65 and you earn 10% – the long term average return of the stock market, you will have in excess of $3 million.

]]> By: SexyTrojan http://www.iraroth.net/2010/03/when-can-i-retire-if-i-invest-in-two-iras/comment-page-1/#comment-669 SexyTrojan Sun, 07 Mar 2010 17:55:41 +0000 http://www.iraroth.net/2010/03/if-i-invest-in-two-iras-how-well-off-will-i-be/#comment-669 Much better off than if you didn't invest. In order to give you an accurate answer, you need to list the funds that you are investing in, the investment firm, how often you are investing in each and what your current balance is. Much better off than if you didn’t invest.

In order to give you an accurate answer, you need to list the funds that you are investing in, the investment firm, how often you are investing in each and what your current balance is.

]]>