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re: Savings Acct Questions

Posted on 5/14/13 at 2:56 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69884 posts
Posted on 5/14/13 at 2:56 pm to
quote:

This he says is with seven figure compensation plans. Keeping up with the Jones is the problem.


Can't out earn stupidity
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 5/14/13 at 3:18 pm to
quote:

His conclusion is that most of the senior partners with die working because of no retirement savings. This he says is with seven figure compensation plans


And here I am making a fraction, of a fraction, within a fraction, of what they make doing everything I can to assure retirement.
This post was edited on 5/14/13 at 3:18 pm
Posted by Dead Mike
Cell Block 4
Member since Mar 2010
3375 posts
Posted on 5/14/13 at 3:38 pm to
A few of my teachers in high school indoctrinated us on the merits of Roth IRA long term investing (i.e. invest 8000 by age 20 and you'll have 1,000,000 after retirement). These were the same teachers who ran stock market simulation games.

It was an imperfect and very focused lesson that I'm sure no one followed, but it did kind of make me eager to blindly start a Roth IRA acct way back then.
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 5/14/13 at 4:58 pm to
quote:

i bank with bank of america. should i go with them? should i look elsewhere?


I will never do business with BoA

Amex keeps sending me mail with decent rates for a Savings account. I would look into them
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 5/15/13 at 9:54 am to
quote:

Amex keeps sending me mail with decent rates for a Savings account. I would look into them


I have this, it pays about 1.0% and can easily transfer to/from my checking account with BoA.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54201 posts
Posted on 5/15/13 at 10:40 am to
quote:

wish i would have stayed awake thru economics classes so i would be more educated on this kind of stuff.
:

Sleeping during class is like an election - there are consequences.
Posted by S
RIP Wayde
Member since Jan 2007
155262 posts
Posted on 5/15/13 at 12:18 pm to
cool.

guess i should look further into this.
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