2pointslow Posted August 29, 2011 Report Share Posted August 29, 2011 Well other than a 401k what else should i be putting my money into? I have been thinking more and more about the future. I would like the woman to retire at a young age. Starting next year we will have an extra 40-50k a year to put aside. We will be living the same way we live now which is very conservative. I would like both of us to be done by the age of 45. Quote Link to comment Share on other sites More sharing options...
Archie Posted August 29, 2011 Report Share Posted August 29, 2011 Buy gold and prepare for hyperinflation Quote Link to comment Share on other sites More sharing options...
jeffro Posted August 29, 2011 Report Share Posted August 29, 2011 Buy gold and prepare for hyperinflation i like this idea. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted August 29, 2011 Report Share Posted August 29, 2011 Buy gold and prepare for hyperinflation Yeah. If we got in some sort of worldwide currency war, I could see that happening. Quote Link to comment Share on other sites More sharing options...
jeffro Posted August 29, 2011 Report Share Posted August 29, 2011 Yeah. If we got in some sort of worldwide currency war, I could see that happening. and its about to fucking happen Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted August 29, 2011 Report Share Posted August 29, 2011 In addition to maxing out your 401(k), do either a free equities account wit vanguard or fidelity and put mo money towards some dividend-paying stocks or mutual funds. In addition to investing, are all of your debts paid off? Quote Link to comment Share on other sites More sharing options...
2pointslow Posted August 29, 2011 Author Report Share Posted August 29, 2011 In addition to maxing out your 401(k), do either a free equities account wit vanguard or fidelity and put mo money towards some dividend-paying stocks or mutual funds. In addition to investing, are all of your debts paid off? About to be, the last thing i have is my car. Untill i am comfortable enough to purchase a home i will continue to rent. Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted August 29, 2011 Report Share Posted August 29, 2011 Well other than a 401k what else should i be putting my money into? I have been thinking more and more about the future. I would like the woman to retire at a young age. Starting next year we will have an extra 40-50k a year to put aside. We will be living the same way we live now which is very conservative. I would like both of us to be done by the age of 45. tt. a Financial Plan and put the 45 thing into a plan. Wife and I did got together with ours and meet with him quarterly. It's a full on business meeting to cover our entire portfolio including properties, budgets, etc... Basically you start here X and want to end at age X with a today income level equivalent to $XX and then you'll see with all that is going on how far over or under you are and what you need to do to change it. The last several years set us back a couple years, but we adjusted our savings plan accordingly. You'll be surprised at how much you have to save to really do it to live for 35-40 years without ever working again. We're on track to hit 55 and live large. :fuckyeah: Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted August 29, 2011 Report Share Posted August 29, 2011 Do you work for a company (or does she) that has any sort of matching program for stock purchase? 401k contributions? Make sure you take full advantage of those employer programs. If your car loan is over 3% now, pay that off aggressively if you have that much in excess. Also, keep a fat savings/money market account available. Cash is still - and always will be - king. Paying for stuff without a credit card or a loan is great. Quote Link to comment Share on other sites More sharing options...
2pointslow Posted August 29, 2011 Author Report Share Posted August 29, 2011 Do you work for a company (or does she) that has any sort of matching program for stock purchase? 401k contributions? Make sure you take full advantage of those employer programs. If your car loan is over 3% now, pay that off aggressively if you have that much in excess. Also, keep a fat savings/money market account available. Cash is still - and always will be - king. Paying for stuff without a credit card or a loan is great. My car is just over 3% @ 3.2%. I have had a money market account since i was 18, unfortunatley it isnt where it once was due to losing my ass in the stock market. With my new title at work i do have a 401k, she will be taking on a new job that offers 401k. We will be taking advantage of both. I know mine matches 50%, not the greatest but its not the worst. I have been looking into getting someone to take care of the money. Last time i did that i got burnt, i guess you dont mix money with friends.. huh, chalk that up to a bad decision. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted August 29, 2011 Report Share Posted August 29, 2011 A good Financial Plan is part planning infrastructure and part relationship with a relatively objective third party. At least you learned...make sure you be careful about who you deal with in the future! Matches are great...free money! Srsly, at least everytime you contribute, you'll get some return for your money... Quote Link to comment Share on other sites More sharing options...
Bam Posted August 29, 2011 Report Share Posted August 29, 2011 I max my 401k to company match, then max a Roth Ira, then decide where to put excess if there is any. Quote Link to comment Share on other sites More sharing options...
Archie Posted August 30, 2011 Report Share Posted August 30, 2011 I can't believe people are discussing investing in 401k's, mutual funds, ect. after what happend in 08/09... Natural Selection I guess. Quote Link to comment Share on other sites More sharing options...
KillJoy Posted August 30, 2011 Report Share Posted August 30, 2011 I can't believe people are discussing investing in 401k's, mutual funds, ect. after what happend in 08/09... Natural Selection I guess. Why not? China is in a huge economic boom. KillJoy Quote Link to comment Share on other sites More sharing options...
kshymkiw83 Posted August 30, 2011 Report Share Posted August 30, 2011 Buy gold and prepare for hyperinflation Wrong. Gold is too expensive, you missed that train. Buy Silver, to prepare for the inflation. They trade more silver on the markets in one day, than what is mined in a year. This means instead of trading real silver, they are trading pieces of paper. Bound to collapse at some point. Silver is still very affordable. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted August 30, 2011 Report Share Posted August 30, 2011 401k's are viable great only if you have a match. I don't have a match, but still use mine for tax shielding. Being a single male, no house, no big deductions, no kids leaves me in this predicament. I guess being responsible doesn't pay off in the eyes of the .gov. The system is pretty fucked up. Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted August 30, 2011 Report Share Posted August 30, 2011 I can't believe people are discussing investing in 401k's, mutual funds, ect. after what happend in 08/09... Natural Selection I guess. Care to outline the details and reasonings a bit more? Quote Link to comment Share on other sites More sharing options...
Miller Posted August 30, 2011 Report Share Posted August 30, 2011 Right now my strategy is simple and rational. There is premise to believe that there is world-economic collapse coming, and, so, 401k's and currency all will be worth excrement. I am currently draining my savings and borrowing against my 401k to purchase countryside. I am planting large quantities of food for a self sustaining farm. The remainding money I have invested in criminals just outside East Leonard Avenue to live permanently on the farm. I have supplied marijuana, cocoa, and high powered rifles. The way I see it: he who has food has the ultimate currency. I will build my empire by making starving people trade me their once treasured goods that are now useless. Than my crew and I will slowly regress from the lack of society probably only 30 years or so to the 80's and bring back road warrior. Hope that helps, milz Quote Link to comment Share on other sites More sharing options...
2pointslow Posted August 30, 2011 Author Report Share Posted August 30, 2011 Right now my strategy is simple and rational. There is premise to believe that there is world-economic collapse coming, and, so, 401k's and currency all will be worth excrement. I am currently draining my savings and borrowing against my 401k to purchase countryside. I am planting large quantities of food for a self sustaining farm. The remainding money I have invested in criminals just outside East Leonard Avenue to live permanently on the farm. I have supplied marijuana, cocoa, and high powered rifles. The way I see it: he who has food has the ultimate currency. I will build my empire by making starving people trade me their once treasured goods that are now useless. Than my crew and I will slowly regress from the lack of society probably only 30 years or so to the 80's and bring back road warrior. Hope that helps, milz BAUCE Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted August 30, 2011 Report Share Posted August 30, 2011 Right now my strategy is simple and rational. There is premise to believe that there is world-economic collapse coming, and, so, 401k's and currency all will be worth excrement. I am currently draining my savings and borrowing against my 401k to purchase countryside. I am planting large quantities of food for a self sustaining farm. The remainding money I have invested in criminals just outside East Leonard Avenue to live permanently on the farm. I have supplied marijuana, cocoa, and high powered rifles. The way I see it: he who has food has the ultimate currency. I will build my empire by making starving people trade me their once treasured goods that are now useless. Than my crew and I will slowly regress from the lack of society probably only 30 years or so to the 80's and bring back road warrior. Hope that helps, milz You are a moron. But you bring up very good points. Ultimately, Economics is the study of finite resources, paired with humans infinite demand for those resources. While paper money wont be worth a shit, land and resources will be. Quote Link to comment Share on other sites More sharing options...
Miller Posted August 30, 2011 Report Share Posted August 30, 2011 You are a moron. But you bring up very good points. Ultimately, Economics is the study of finite resources, paired with humans infinite demand for those resources. While paper money wont be worth a shit, land and resources will be. Don't be jelly because I've got a head start, fucker. Quote Link to comment Share on other sites More sharing options...
schmuckingham Posted August 30, 2011 Report Share Posted August 30, 2011 My company offers a 401k but I personally have a Roth IRA, should be a nice little egg for myself when I am older and I can withdraw from it tax free since its being taxed as I deposit Quote Link to comment Share on other sites More sharing options...
2pointslow Posted August 30, 2011 Author Report Share Posted August 30, 2011 My company offers a 401k but I personally have a Roth IRA, should be a nice little egg for myself when I am older and I can withdraw from it tax free since its being taxed as I deposit This is what my parents did when my mom became disabled. They are set to be pretty well off in a few years when my dad finally decides to stop working completely. Quote Link to comment Share on other sites More sharing options...
Mallard Posted August 30, 2011 Report Share Posted August 30, 2011 I max my 401k to company match, then max a Roth Ira, then decide where to put excess if there is any. THIS. Although if you're talking about putting away $40-50k per year you will easily max out your Roth IRA. Do a 401k up to your company match, then a Roth IRA, then a Roth 401k, then max out the rest of your 401k or do your own investing on the side. You would be best off talking to a financial planner...or call Suzie Orman. Quote Link to comment Share on other sites More sharing options...
AC66Bronco Posted August 30, 2011 Report Share Posted August 30, 2011 I max my 401k to company match, then max a Roth Ira, then decide where to put excess if there is any. Boom. THAT^ Quote Link to comment Share on other sites More sharing options...
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