When did you start investing outside retirement accounts? | TigerDroppings.com

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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

When did you start investing outside retirement accounts?


Thread idea stolen from bogleheads LINK. I am interested in knowing at what point MT reader's did investing outside of retirement. Was it before retirement investing, after a significant raise, etc...

I currently only do retirement and savings and am 23. I want to be able to max out my retirement accounts on a year to year basis, or contribute a significant portion of my salary, before I do personal investments.







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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18990 posts
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re: When did you start investing outside retirement accounts?


I wish.

401k max is 17k on its own. HSA is 3,250 and Roth is $5,500, ignoring eligibility requirements I'd love to have 25k just to stash.

Which makes me think. With a boatload of loans and our household gross income of 170k once married and she starts working, I need to talk to a financial guy to make sure I'm doing everything right. Adding a person is making shite weird.



This post was edited on 3/27 at 11:04 am


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29992 posts

re: When did you start investing outside retirement accounts?


quote:

401k max is 17k on its own. HSA is 3,250 and Roth is $5,500


This is what I do (but I'm older and have the income finally ). That is pretty much the extent of my investment goals, I figure if I can hit that each year I'll enjoy hookers and blow the rest of the year without feeling a shred of guilt.






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18990 posts
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re: When did you start investing outside retirement accounts?


quote:

This is what I do (but I'm older and have the income finally ). That is pretty much the extent of my investment goals, I figure if I can hit that each year I'll enjoy hookers and blow the rest of the year without feeling a shred of guilt.


I'd be the same way. I'd be so pumped to max all 3. As of now I need 15,000 more dollars. Easy Peasy.



This post was edited on 3/27 at 11:52 am


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TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2439 posts

re: When did you start investing outside retirement accounts?


I actually just got back from opening my Roth account and deposited the 2013 max of $5,500. I put 5% in my 401k to get the company match and honestly only put in $50 a month in my HSA.

Thinking about using my brokerage account in the next year or so. I'm 24 in my first year out of college.






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tirebiter
LSU Fan
ATL
Member since Oct 2006
5169 posts

re: When did you start investing outside retirement accounts?


quote:

401k max is 17k on its own


$17.5k, but who's counting.....

From experience, it's a lot easier for a couple to save $$,$$$ annually at the income you anticipate, especially if you have little debt and aren't big spenders. Get income up > $250k and $$$,$$$ annual savings is easy enough.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15906 posts

re: When did you start investing outside retirement accounts?


quote:

I'd be the same way. I'd be so pumped to max all 3.


meh. I could if i wanted to but i just max the roth. i only put in what they match on the 401k. That is enough exposure to those markets. I need the extra money for other investments like actual RE and commodities. Yes, I have a REIT also in my portfolio but I am talking actual passive income producing properties.






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18990 posts
 Online 

re: When did you start investing outside retirement accounts?


quote:

meh. I could if i wanted to but i just max the roth. i only put in what they match on the 401k. That is enough exposure to those markets. I need the extra money for other investments like actual RE and commodities. Yes, I have a REIT also in my portfolio but I am talking actual passive income producing properties.


Fair enough. But what if I have enough for all that and a bag of chips?

quote:

I actually just got back from opening my Roth account and deposited the 2013 max of $5,500. I put 5% in my 401k to get the company match and honestly only put in $50 a month in my HSA.


I may be wrong, but I think you should have maxed 2012 first, you have until tax day to do so. Then you could have put $500 towards 2013 with $5,000 left to go for the 2013 current year. Change it now if you can.



This post was edited on 3/27 at 2:04 pm


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jmtigers
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3622 posts

re: When did you start investing outside retirement accounts?


quote:

I may be wrong, but I think you should have maxed 2012 first, you have until tax day to do so. Then you could have put $500 towards 2013 with $5,000 left to go for the 2013 current year. Change it now if you can.


Correct.






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white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2704 posts

re: When did you start investing outside retirement accounts?


quote:

guilt

I gave this up for lent






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eng08
LSU Fan
Member since Jan 2013
1878 posts
 Online 

re: When did you start investing outside retirement accounts?


I opened my Roth when in high school and put like 1k in it and have been saving as much as I can.

Max out 401k match and trying to get my emergency fund up to the amount we want, then investing after that between a mix of RE and the market.

And yeah with 2 good incomes, it's much easier to save.






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Jp1LSU
LSU Fan
Key West
Member since Oct 2005
146 posts

re: When did you start investing outside retirement accounts?


Once and my wife hit the point where we could invest outside of the Roth limits we started secondary accounts with disposable income . It borders along the lines of a savings account, secondary retirement account, and gambling funds.

For the most part it's not money we expect to need in the next 5 years. We still reinvest the dividend outcome, but we also speculate and we buy options. So there's a lot going on






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HailToTheChiz
Auburn Fan
Behold, SKYWHALE!
Member since Aug 2010
7899 posts

re: When did you start investing outside retirement accounts?


any of you use Vanguard?





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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18990 posts
 Online 

re: When did you start investing outside retirement accounts?


Lots of us do. What's your question?





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HailToTheChiz
Auburn Fan
Behold, SKYWHALE!
Member since Aug 2010
7899 posts

re: When did you start investing outside retirement accounts?


I'm looking to get started, was wondering how it is? How easy to use? Pretty much a noob





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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: When did you start investing outside retirement accounts?


quote:

Once and my wife hit the point where we could invest outside of the Roth limits we started secondary accounts with disposable income .


Do you guys have a 401(k) along with your IRAs?






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18990 posts
 Online 

re: When did you start investing outside retirement accounts?


quote:

I'm looking to get started, was wondering how it is? How easy to use? Pretty much a noob


Very easy to use once you start the process. The site isn't full of bells and whistles like some others, but if you are with Vanguard then you probably don't need a lot of those anyways.

The sticking point for many (unless this has changed) is that you need a "sweep" account (where the cash for your buys and sells come and go) and a "brokerage" account which holds your securities.

This is basically set up automatic as you do account creation, but what it means to you is when setting up the sweep account (money market), you'll need $3,000 to open it. After that its all good, you can buy ETFs with no minimum initial investment and you can drain that sweep money market account down to basically zero with no consequence. Its just that initial 3k hurdle.

quote:

Do you guys have a 401(k) along with your IRAs?


100% match up to first 3% and 50% match up to 5%. The selections suck but doubling your money automatically is sweet.



This post was edited on 3/28 at 10:02 am


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Springfield XD
Member since Feb 2013
1782 posts

re: When did you start investing outside retirement accounts?


I started non-retirement saving in college and just kept going. I have always been close to the max on my 401k contributions, and I max my ROTH every year.

I save money outside of retirement because I like the flexibility. When I was house shopping, I knew 100% I would qualify for my mortgage and I was able to use saved money to pay down 20%.

But to answer your question, my savings to go retirement first and non-retirement gets the leftovers. If you're young, there's no problem biasing more towards non-retirement, so long as you're saving.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15906 posts

re: When did you start investing outside retirement accounts?


quote:

Fair enough. But what if I have enough for all that and a bag of chips?



knock yourself out bro!






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15906 posts

re: When did you start investing outside retirement accounts?


quote:

any of you use Vanguard?








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