Originally Posted by Geoff54
Where do you get 5% from? I like the plan but you are not going to get more than about 1.5% on any "safe" investment. You might find an introductory rate a bit higher but even then, not 5%. The only way you might realize 5% will be by accepting some risk and actively manage your money and, if you have the skills and the risk tolerance to do that, think about the mechanism(s) you will use to keep track/trade from a boat. Or think of what else you can do along the way to make some extra money.
Good Luck to you!
BTW, if you have a safe way to make 5%, I'd REALLY like to know.
Who do you bank with?? You might want to shop around some. Just saying. this is my rate of return in a low to Mod investment 401-k nothing risky. Its not earning as well as mi wifes.
3 Months-- YTD-- 1 Year --3 Years --5 Years--- 10
3.89% --11.38% --9.20% ---9.84% ----2.10% -- 5.47%