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Planning for Retirement

Friday, November 10, 2006
I recently acquired my first real job. Since everyone knows it is never too early to plan for retirement I decided I am going to start working towards my retirement goals right now. Though I am still in college and was barely scraping by before my job now I feel that things are fairly well set and I am ready to start saving.

Now there is one problem I am discovering in my adventures towards retirement savings. The first one is that there is a wealth of options for places to put money and I am not really sure which type of account will be most beneficial for me in the long run. (I don’t intend to be an employee forever.)

The other problem I am discovering is trying to convince myself to put money in savings while there are very attractive opportunities to spend the money in personal business. This also makes it hard to draw a line for what is investing in the short term, and what is investing in the long-term retirement grade type of things.

For instance, investing in property things that will later raise the value as a rental house would probably be more retirement grade investment. Outsourcing development work etc for sites would probably be a short term thing because I am not 100% sure that the current business model will be persistent. Then in the blurry area between the two is buying premium domains. I am talking about real premium domains that would be both extremely brandable, and get intuitive traffic naturally.

For the time being, I would like to put 20% of my gross salary in the more liquid brokerage account type assets. Things like stocks, bonds, and mutual funds. Well all stocks at this point because my need for the money is in 30-40 years.

That was barely coherent and defiantly more of an exploratory article than a well composed guide from my findings. But I would expect to see more articles about retirement melded into the site which has predominantly been about making money online.

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