Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is it time to sell gold at $1340 per ounce?
>
Reply to Thread
Message:
<p>[QUOTE="myownprivy, post: 4525861, member: 84588"]There's nothing wrong with owning a small business like a textile printing company. In fact, I would say a small business like yours is preferable to what lots of other people do for a living. But I hope you realize that among the benefits of owning a small business is not just that you have 100% control over how to run your business and are never accountable to a boss, but also that you have full control over how you invest and prepare for retirement. </p><p><br /></p><p>A small business is not a way to save money. It is not a way to prepare for retirement. What are you going to do if a smarter, lower cost way to print textiles puts you out of business? It might happen. Prepare accordingly. If you pay yourself, say $50,000 each year out of running your business, put away as much as you can into a nice mix of the stock market and CDs, because it sounds like you hate risk. Also, please, please, please do not forget that you can start a SEP or put $6,000 a year into a ROTH for your retirement. You have lots of good options.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4525861, member: 84588"]There's nothing wrong with owning a small business like a textile printing company. In fact, I would say a small business like yours is preferable to what lots of other people do for a living. But I hope you realize that among the benefits of owning a small business is not just that you have 100% control over how to run your business and are never accountable to a boss, but also that you have full control over how you invest and prepare for retirement. A small business is not a way to save money. It is not a way to prepare for retirement. What are you going to do if a smarter, lower cost way to print textiles puts you out of business? It might happen. Prepare accordingly. If you pay yourself, say $50,000 each year out of running your business, put away as much as you can into a nice mix of the stock market and CDs, because it sounds like you hate risk. Also, please, please, please do not forget that you can start a SEP or put $6,000 a year into a ROTH for your retirement. You have lots of good options.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is it time to sell gold at $1340 per ounce?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...