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Old 05-14-2008, 02:58 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,638 posts, read 40,010,157 times
Reputation: 23801

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Quote:
Originally Posted by forest beekeeper View Post
Respectfully I disagree. ... Ick.
Me too...
time to multi-task = Save, + Budget + Select area of education + Get a job in the field to determine if you like it BEFORE spending entire 4-6 years and $xxx,xxx.xx on college.

Career planning is quite important, but @ age 18 (little young to make an accurate and binding "life-decision") and with the new economy; career could change multiple times - think flexible, but target optimal. Focus on jobs / education that will add value to your toolbox (brain / experience) and give you a step above the competition. (which will be tough in US with 'new' veterans).

After meeting emergency fund requirements.... (3-6 months expenses)

Systematically save for both retirement AND needs when it hurts a little, as at times it will hurt a lot.

In the case of a USA student looking for financial aid... get the savings spent if you have a reasonable place to put it, so as to have a greater financial need. FAFSA thinks every dollar you have saved = a dollar your WILL spend on college. IRA's are NOT added to your assets available for funding college, tho they can be used for such.

Good luck
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Old 05-20-2008, 12:38 PM
 
Location: Apple Valley Calif
7,475 posts, read 20,219,597 times
Reputation: 5614
If you are concerned with retirement while still in High School, you are going to have a great future. When you enter the work force, make sure the company you work for has a 401k plan, and start on it immediately. Very few company's have pension plans any more, that is a thing of the past. Invest in a 401 k plan for your entire working life, and you will retire a wealthy man.
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Old 05-20-2008, 12:56 PM
 
2,317 posts, read 4,640,713 times
Reputation: 1248
The sooner the better! never to soon to plan for your future...Live for the moment ,but yet plan for the future.
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