| Money Talk|| re: Moving money out of savings suggestions - RickAstley on 2/7/15 at 8:15 am|
I have no experience with Edward Jones, yet I know they are not necessarily a board favorite. My company uses John Hancock for our 401(k), and all of my other investing is through Vanguard, Roth IRA and taxable (thanks to feedback from the board and other research). For your purposes, you could inve...
| Money Talk|| re: Is there a more ridiculous exercise in America than filing taxes? - RickAstley on 1/28/15 at 9:10 pm|
| Money Talk|| re: Side jobs for extra $$$$ - RickAstley on 1/28/15 at 8:33 pm|
I think temp work has several practical benefits, beyond just being extra money. That's a pretty amazing story and one I do find to be very realistic for many people.
The company I work for specializes in supply chain consulting, and I guarantee you that half of the so called supply chain experts...
| Money Talk|| re: At what age did you start saving for retirement? - RickAstley on 1/28/15 at 8:18 pm|
I opened both my Roth IRA and 401k at 23. Age 25 now so 2 years of investing for retirement officially under my belt....
| Money Talk|| re: Side jobs for extra $$$$ - RickAstley on 1/27/15 at 7:33 am|
[quote]I evaluate numismatic collections to settle estates and in divorce cases. I have been offered bribes to either under and over-estimate collections. I've also been able to pick up some nice coins in the process. My reputation is good and word-of-mouth has kept me as busy as I want to be. [/quo...
| Money Talk|| re: Side jobs for extra $$$$ - RickAstley on 1/25/15 at 8:51 am|
Having a choice in what your side job is versus being forced into a side job for extra money makes the opportunity very creative. I personally would look for a side job that will benefit me in some ways mentally or physically.
1) Lawn care
2) Temp work during peak s...
| Money Talk|| re: What changed your financial future for the better? - RickAstley on 1/24/15 at 1:22 pm|
There's been a number of things that have improved my life financially although I'm still only at the early stages of the journey (25 years old).
I have a lot of respect for my dad and the help he has been for me. He paid my way through college and kept me working every summer from junior high th...
| Money Talk|| re: 401k with 4% Company match? - RickAstley on 1/12/15 at 12:35 pm|
[quote]We're 50% of the first 6%, so basically 3% max. I think its "ok" for the size of the company... Certainly not great, but I'm grateful to have something.[/quote]
This is the same for my company. Every year we have gotten a profit sharing bonus applied to our 401(k) that varies between 1.5% ...
| Money Talk|| re: 2015 TDMTFSS (First Standings Update, 1/26/2015) - RickAstley on 1/4/15 at 9:12 am|
[quote]Brink, the MarketWatch main screen shows we have 78 players enrolled in our game but the ranking screen only shows 36 players ranked.
Any idea why that is? [/quote]
I noticed I was not on the leaderboard until after I made my first trade. A few weeks ago I set up a list of trades for ho...
| Money Talk|| re: 2015 Roth Contributions - RickAstley on 1/2/15 at 3:08 pm|
I try to pay a year's contributions up front if I can. However, I am DCA $250 twice a month into my Roth for 2015 until it's maxed. Either that, or I will pay off the remaining balance when I get a little more money in my pocket....
| Money Talk|| re: Books: What have you read? - RickAstley on 1/2/15 at 2:38 pm|
I've read the following
Millionaire Next Door
A Random Walk Down Wallstreet
And I have John Bogle's book [i]Enough[/i] on the counter to read as my next book. It's been sitting there for a few months sadly enough. I have a lot of catching up to do in the year 2015....
| Money Talk|| re: Long Term Life Planning - How detailed do you get? - RickAstley on 10/29/14 at 8:52 am|
[quote]I'm thinking about starting a personal project to detail how our money will be made and spent over the course of ten years. Included will be multiple goals and necessities that we want. I want it all documented.
Am I about to get too nit picky? [/quote]
Yes you are being too nit picky w...
| Money Talk|| re: A Random Walk Down Wallstreet. Thoughts?? - RickAstley on 10/23/14 at 8:45 am|
I originally bought both The Intelligent Investor and A Random Walk Down Wallstreet. I have yet to read the Intelligent Investor, primarily because some parts were over my head and I preferred getting a background before returning to the book.
Since then I have completed A Random Walk Down Wallst...
| Money Talk|| re: What is/was your plan to gain financial security? - RickAstley on 10/20/14 at 3:08 pm|
Financial security to me (at this point in my life) is where I have invested enough money towards retirement so that if there ever comes a point where if I have to cutoff payments, I won't be stressing about having enough money when I am out of work.
I am pretty sheepish when I start playing with...
| Money Talk|| re: What is/was your plan to gain financial security? - RickAstley on 10/20/14 at 9:52 am|
1) Get wife out of student loan debt
2) Contribute ~$15,000 a year towards retirement funds for the next 7 years. Assuming the funds grow at 8% until I am 60, I will have have nearly $3 million staring at me in retirement. This $15,000 a year goes on top of where I currently am at. (The big numbe...
| Money Talk|| Article On Managing Taxable and Tax Advantaged Accounts - RickAstley on 9/26/14 at 9:04 am|
For anyone who is looking for direction on what to purchase across their accounts, here is an informative [link=(https://personal.vanguard.com/us/insights/article/tax-time-kilroy-082014)]LINK[/link]. The article is geared towards allocation and taxes, but offers a chart at the bottom with a general ...
| Money Talk|| re: What is your student loan interest rate? - RickAstley on 9/20/14 at 9:01 am|
My wife has interest rates of:
We have knocked out the 7.5% and are working aggressively on the 6.80%. Some of those are subsidized and not accruing interest yet since she is working on grad school. The plan is to pay off the 6.80% then reevaluate ...
| Money Talk|| re: Millennials aren't marrying and they're not buying houses - RickAstley on 9/18/14 at 11:48 am|
I've married, yet I have not started saving up for a home. I am helping my wife pay off student loans, and we currently are at least 2 years out from a home purchase. Buying a home will be an afterthought until we start seeing greener pastures....
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 11:42 am|
[quote]He needs to know that you know though. But honestly I would suggest if you want a raise to start looking for a new job.[/quote]
This is a recurring statement that I am not opposed to, yet I question why it must be necessary. Are there not additional suggestions involving the bargaining for...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 11:29 am|
[quote]It's very hard to determine for me, because my position title is varied by organization[/quote]
This can make looking up information difficult. Even if your position is listed with salary data to compare to, you still need to confirm at times if the posting is 1-3 years old or beyond. I kn...