lonesomexloveus Posted March 19, 2014 Share Posted March 19, 2014 whenever i pay off my student loans i'm opening an IRA. i wish i knew more about monies. i'm pretty dumb in that area. Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted March 19, 2014 Share Posted March 19, 2014 i dont contribute much, thats the good part. it can just be 'there' without you having to put monies into it. obvi penalty for early withdrawals just like any other retirement account. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 I'm stupid about this type of finance stuff, too. I'm offered profit sharing which is nice, and the only thing I know about my 401K is that my boss matches up to 4%. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 My boss just dumped literally 15 things on me to finish today that he conveniently forgot to do weeks ago. Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted March 19, 2014 Share Posted March 19, 2014 i need to see a pic of this man Quote Link to comment Share on other sites More sharing options...
GHOSTDRONES Posted March 19, 2014 Share Posted March 19, 2014 My boss just dumped literally 15 things on me to finish today that he conveniently forgot to do weeks ago. "He forgot" haha Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 i need to see a pic of this man Of my boss? "He forgot" haha He is the WORST with time management. Seriously. Quote Link to comment Share on other sites More sharing options...
GHOSTDRONES Posted March 19, 2014 Share Posted March 19, 2014 He is the WORST with time management. Seriously. Ha, I have a bunch of people for you to meet haha Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted March 19, 2014 Share Posted March 19, 2014 Of my boss? yes! he intrigues me. i want him to look like mr. drummond from diff'rent strokes. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 Ha, I have a bunch of people for you to meet haha No! I refuse haha. yes! he intrigues me. i want him to look like mr. drummond from diff'rent strokes. I'll Google him and see what comes up. Quote Link to comment Share on other sites More sharing options...
lonesomexloveus Posted March 19, 2014 Share Posted March 19, 2014 my boss ALWAYS has a rush. and it's usually because it sat on his desk and forgot to do it for weeks, then gets an angry phone call and i have to drop whatever i'm doing to get something overnighted for him. usually at some time after 4pm. Quote Link to comment Share on other sites More sharing options...
jerseydave77 Posted March 19, 2014 Share Posted March 19, 2014 I don't doubt the financial element of SS - my question is whether it will exist as a program period. I never said it will be bankrupt but this country is shitty about social security. We call it an "entitlement" when we pay into it. With the politics surrounding the program it is not something I am at all counting towards saving for retirement. It would be nice since my wife and I would both qualify and combined with how we save it means we could retire at some point. I simply don't imagine a future with it considering the politics surrounding it. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 my boss ALWAYS has a rush. and it's usually because it sat on his desk and forgot to do it for weeks, then gets an angry phone call and i have to drop whatever i'm doing to get something overnighted for him. usually at some time after 4pm. You just described every single day of my existence at this job. Quote Link to comment Share on other sites More sharing options...
jerseydave77 Posted March 19, 2014 Share Posted March 19, 2014 I'm stupid about this type of finance stuff, too. I'm offered profit sharing which is nice, and the only thing I know about my 401K is that my boss matches up to 4%. The answer is you should be maxing out contributions to the matching program. It is basically free money if you are in a position to be making 401k contributions. My wife's work matches her 3% contribution with 8%. Is that not crazy? I cut back my contribution and let her more or less max out our tax benefit. Quote Link to comment Share on other sites More sharing options...
skadaddy Posted March 19, 2014 Share Posted March 19, 2014 yes! he intrigues me. i want him to look like mr. drummond from diff'rent strokes. Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted March 19, 2014 Share Posted March 19, 2014 heres a great write up on how 401k's work, etc for those interested. http://money.howstuffworks.com/personal-finance/retirement-planning/401k.htm Quote Link to comment Share on other sites More sharing options...
lonesomexloveus Posted March 19, 2014 Share Posted March 19, 2014 You just described every single day of my existence at this job. just two liberal arts girls working the same terrible office job. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 The answer is you should be maxing out contributions to the matching program. It is basically free money if you are in a position to be making 401k contributions. My wife's work matches her 3% contribution with 8%. Is that not crazy? I cut back my contribution and let her more or less max out our tax benefit. That's kind of amazing. I am maxing out, I'm doing 4% so I get 4% from him. Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 just two liberal arts girls working the same terrible office job. You got it. Quote Link to comment Share on other sites More sharing options...
danaisalright Posted March 19, 2014 Share Posted March 19, 2014 I live in a small town. My wife and I decided to hit up our local diner. It's been open for a couple years, we just haven't checked it out yet. We went in and sat at the bar to order take out and take in the scenery. It was about 2:30pm on a weekday. A woman and husband (retired age) came and sat down near us. The woman ordered a "Coors Lite, but in a thin rimmed glass please." The bartender proceeded to hand her a bottle of Coors Lite with a wine glass on the side. That convinced me to frequent this place. The burger was ok too. Quote Link to comment Share on other sites More sharing options...
maneatingcow Posted March 19, 2014 Share Posted March 19, 2014 I only started my 401k 5 years back and it's starting to add up. My company does a partial match. So I have my deduction set at 4% and the company adds an extra 1 percent. Wish that was higher but its extra money. They do have a profit sharing program that is a retirement fund and each year that ends up being a little more than 2 grand. I've been doing research into how much I need to be saving and it looks like I"m in a pretty good place. They say that at age 30 you should have at least 1 years wage set aside in your retirement. I should probably start upping my 401k contribution a couple of percent because it's not like I'd notice a couple extra percent. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 19, 2014 Share Posted March 19, 2014 FREE SPAGHETTI AT WORK TODAY! I AM GOING TO CARBOLOAD LIKE A MOTHERFUCKER! Quote Link to comment Share on other sites More sharing options...
jhook Posted March 19, 2014 Share Posted March 19, 2014 I rather blow all of my money now than live to be old and not be able to enjoy myself because everything hurts. Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted March 19, 2014 Share Posted March 19, 2014 my camera fund is stagnant. i think i mentioned to Ash that i was saving up for a camera. every time i do, i have f'n medical bills from nowhere. thanks to don, he bought a few to keep me going. man, all i want is a decent DSLR (canon) im missing out on my childs childhood!! (picture wise) Quote Link to comment Share on other sites More sharing options...
futures Posted March 19, 2014 Share Posted March 19, 2014 Yes you did! I keep saving up for future things and then I end up having to drain it for stupid reasons =\ Quote Link to comment Share on other sites More sharing options...
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