Retirement Planning/Investing Advice


Hi Joe-
I hope you can offer some advice.  I'm 51, taking classes online for a job that first paycheck should be end Jan.2013- making only $8.00/hr to start. I have $113K in savings, and 16K in ROTH IRA's. One maturing now I'm transferring to savings, one doing 10% avg. for 2 years (index fund), and one only about 1% maturing later next year. I would like to save for retirement and have my money work harder for me. I like the idea of index funds like VFINX. I've heard dividends are the way to go too. My expenses currently do not exceed $1k/mo. total. I feel I should be able to invest at least $50K.  Any advice will be greatly appreciated. Thank you for your kind time and help.  Have a wonderful day!

Hi Susie,

The most important thing for you to do is to continue to save.  As soon as you are eligible to invest in your new employer's 401k plan, you should sign up.  As far as what to invest in, you should talk with someone at an investment firm that is licensed to provide that kind of advice, possible Fidelity or Charles Schwab.


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Joe DiDomenico


I can answer any questions related to Individual Retirement Accounts (IRA). This includes what can and can't be done with an IRA because of IRS regulations. I can also answer questions about the different types of retirement accounts and how they apply to different people in different situations. I can help direct people on what steps to take next with their retirement accounts.


I was a Financial Consultant at Merrill Lynch for 7 years and a Senior Vice President at CitiGroup for 3 years.


I wrote a book entitle, "Blame It On the Broker", currently for sale on Amazon.

Bachelor's in Financial Services from San Diego State University

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