Looking for suggestions on how to make up the anticipated pension shortfall

[Anonymous]

Savings One Source had a great suggestion - "Put aside more savings" - looking at the fact that Boehringer has always paid us well, I plan to do just that but I am looking for other things to invest in. I just don't know what to do with the other stacks of cash that have stuck me with. Any ideas?

 

[Anonymous]

I know what you mean. This company through all of the promises of low pay for job security has left me set for my retirement days. Come down to Walmart in a few years and you will see.

 

[Anonymous]

Plastics.

 

[Anonymous]

Savings One Source had a great suggestion - "Put aside more savings" - looking at the fact that Boehringer has always paid us well, I plan to do just that but I am looking for other things to invest in. I just don't know what to do with the other stacks of cash that have stuck me with. Any ideas?

This is a good question and one that I hope provides you some insight.
Here are my suggestions:
1. Get a good outside investment advisor and go over your current situation and get an idea of a plan for the future.
a. investigate personal investment risk (take some risk to get a good reward)
b. spread your money into different investments
c. create strategy, goals, and then implementation
2. Consider options for a second career or a hobby you might enjoy if it can be turned into a money generator
a. do you really want to retire at 60, 63, or 65? Perhaps you find it fun working.
3. Think hard about how much money will you need in retirement?
a. will your children be grown and out of the house?
b. do you really want a second home or are you content with one house?
c. will your children be independent or need financial help from you?
4. Consider: Where do you want to retire? How much is the cost of living?
5. Are you prepared to see your money pulled out of your nest egg?
6. Invest only to your comfort area and don't risk your money in areas that scare you. Stick to your comfort level.
This will be a time to think smart and have good investment knowledge on your side.

Good luck

 

[Anonymous]

This is a good question and one that I hope provides you some insight.
Here are my suggestions:
1. Get a good outside investment advisor and go over your current situation and get an idea of a plan for the future.
a. investigate personal investment risk (take some risk to get a good reward)
b. spread your money into different investments
c. create strategy, goals, and then implementation
2. Consider options for a second career or a hobby you might enjoy if it can be turned into a money generator
a. do you really want to retire at 60, 63, or 65? Perhaps you find it fun working.
3. Think hard about how much money will you need in retirement?
a. will your children be grown and out of the house?
b. do you really want a second home or are you content with one house?
c. will your children be independent or need financial help from you?
4. Consider: Where do you want to retire? How much is the cost of living?
5. Are you prepared to see your money pulled out of your nest egg?
6. Invest only to your comfort area and don't risk your money in areas that scare you. Stick to your comfort level.
This will be a time to think smart and have good investment knowledge on your side.

Good luck

+1 Thanks

 

[Anonymous]

Ref Football and Basketball.

 

[Anonymous]

Win powerball/megaball
Cook meth
Get your wife to 'hook'
Sell your samples
Pad your expense reports
Take your savings to a casino and 'let it ride'
3 letters....O T B
Donate semen at a sperm bank
Register for clinical studies
Get a job selling for another Rx company and collect 2 paychecks

I'll try to think of some more.