# Retirement Fund Strategy for late starter **URL:** \ **Category:** Investing\ **Tags:** cash\ **Created:** [February 29, 2024, 5:52pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541 "2024-02-29T17:52:31Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![frugal831](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/frugal831/32/2869_2.png) [@frugal831](https://community.clark.com/u/frugal831)\ **Post date:** [February 29, 2024, 5:52pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/1 "2024-02-29T17:52:31Z")
Hello! New member here… We’re targeting 15% of gross income towards retirement account. we currently have the following: CALPERS CALSTRS ROTH IRA via FidelityGo (maxed out) if we have extra money in the budget, what should we do next? 403/457b (roth variant available)? open a brokerage account and invest in index mutual funds? invest in IUL? we are about 10 years away from retirement… thanks for any insights! ---
**Author:** ![NancyM](https://avatars.discourse-cdn.com/v4/letter/n/439d5e/32.png) [@NancyM](https://community.clark.com/u/NancyM)\ **Post date:** [February 29, 2024, 6:24pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/2 "2024-02-29T18:24:05Z")
Have you asked on the Bogleheads forum? You’ll get a ton of responses there! Also- you can search for similar questions to see other related discussions. ---
**Author:** ![rjratnip](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rjratnip/32/1821_2.png) [@rjratnip](https://community.clark.com/u/rjratnip)\ **Post date:** [February 29, 2024, 6:24pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/3 "2024-02-29T18:24:59Z")
Don’t know how much you have, what your pensions will be, or what your goals are. Hard to say what you should do without that info. But first, stay away from IUL. ---
**Author:** ![frugal831](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/frugal831/32/2869_2.png) [@frugal831](https://community.clark.com/u/frugal831)\ **Post date:** [February 29, 2024, 6:46pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/4 "2024-02-29T18:46:29Z")
the goal is the AARP retirement number…just started ROTH so not much in there… not counting on pension or Social Security for retirement … why stay away from IUL? ---
**Author:** ![rjratnip](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rjratnip/32/1821_2.png) [@rjratnip](https://community.clark.com/u/rjratnip)\ **Post date:** [February 29, 2024, 7:01pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/5 "2024-02-29T19:01:40Z")
What need are you trying to cover with Indexed Universal Life Insurance? ---
**Author:** ![frugal831](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/frugal831/32/2869_2.png) [@frugal831](https://community.clark.com/u/frugal831)\ **Post date:** [February 29, 2024, 7:40pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/6 "2024-02-29T19:40:46Z")
retirement income… ---
**Author:** ![robertpri](https://avatars.discourse-cdn.com/v4/letter/r/ec9cab/32.png) [@robertpri](https://community.clark.com/u/robertpri)\ **Post date:** [February 29, 2024, 7:57pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/7 "2024-02-29T19:57:31Z")
> [@frugal831](#): > > if we have extra money in the budget, I have no suggestions about strategies, but wife learned from the Chinese, “Don’t try to save money **after** paying bills. No, set an amount and save it **first** —off the top.” ---
**Author:** ![frugal831](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/frugal831/32/2869_2.png) [@frugal831](https://community.clark.com/u/frugal831)\ **Post date:** [February 29, 2024, 8:53pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/8 "2024-02-29T20:53:32Z")
Ya, already doing that, then paying bills, then we have some left over 😊 ---
**Author:** ![rjratnip](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rjratnip/32/1821_2.png) [@rjratnip](https://community.clark.com/u/rjratnip)\ **Post date:** [February 29, 2024, 10:14pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/9 "2024-02-29T22:14:41Z")
> [@frugal831](#): > > retirement income… You’re better off putting money in your own IRA, Roth IRA, or brokerage account and investing in index funds. Just do a Google search for the downsides of IUL and you’ll see what’s going on. If a salesman is trying to push you towards this, then note that any graphs of theoretical performance shown to you are most likely all crap. If you need life insurance to help heirs after you die, then get term life insurance. For retirement, use investments as stated above, of which IUL is not one. ---
**Author:** ![frugal831](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/frugal831/32/2869_2.png) [@frugal831](https://community.clark.com/u/frugal831)\ **Post date:** [February 29, 2024, 10:45pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/10 "2024-02-29T22:45:48Z")
Bogleheads? ---
**Author:** ![Klimateguy](https://avatars.discourse-cdn.com/v4/letter/k/47e85d/32.png) [@Klimateguy](https://community.clark.com/u/Klimateguy)\ **Post date:** [March 4, 2024, 9:22pm UTC](https://community.clark.com/t/retirement-fund-strategy-for-late-starter/4541/11 "2024-03-04T21:22:54Z")
[https://bogleheads.org/](https://bogleheads.org/) A good place to visit for investing advice.