August 30, 20179 yr The popcorn is on Lawnboy! :dancingpa:dancingpa:dancingpa I still have one more to go through NewCath......and 3 weddings to pay for.
August 30, 20179 yr Author Thanks It's what is being proposed for state workers and wasn't sure how good it is since it's being talked about by Frankfort.
August 31, 20179 yr I'd put the minimum to your company match. The future tax rate is going to be off the charts so I'm weary about investing a bunch in 401k. I'd almost rather pay the tax now since in theory and based on history the tax rate is destined to go up. Roth IRA's are good but its a matter of time until those get pinched. There are some insurance investment products that will cap you at lets say 10% on return but also you can't go below 0 so you can't lose money. When you withdraw its tax free.
August 31, 20179 yr I still have one more to go through NewCath......and 3 weddings to pay for. Get with @mcpapa and ebay all the printer parts you have, that should pay for one wedding.
August 31, 20179 yr Get with @mcpapa and ebay all the printer parts you have, that should pay for one wedding. I'm selling stuff for a guy as we speak. He gets his initial investment after which we split the rest 50-50 Which is very generous on his part.
August 31, 20179 yr Thanks It's what is being proposed for state workers and wasn't sure how good it is since it's being talked about by Frankfort. You are going to get this thread closed. No Politics!
August 31, 20179 yr I max out a Roth IRA & then contribute some more to a 403b, which is very similar to a 401k. If you're in a position to receive a match on a 401k, do that. I think your age will determine what to do with the rest.
August 31, 20179 yr I still have one more to go through NewCath......and 3 weddings to pay for. I could see the wedding being held on the turf Up the street from you. Your bro will do the cooking. You can do a wedding for less than $1,000.
August 31, 20179 yr Have had a 401k since my first real job at age 21. Have always invested the max that the company matches. 26 later and I've got a real nice nest egg, with a lot of it from company matches. Even if the market drops, the company match alone gets you way ahead of the game.
August 31, 20179 yr Author You are going to get this thread closed. No Politics! That wasnt the intention. Just stating that I have never had one and that is why I was asking because if I have to get one from the state.
August 31, 20179 yr That wasnt the intention. Just stating that I have never had one and that is why I was asking because if I have to get one from the state. Do you work for the state?
August 31, 20179 yr @mountainref. You have choices in a 401K as to how conservative you want to be. If worried, take a conservative choice. Just always, take all the match. It is free money.
August 31, 20179 yr @mountainref. You have choices in a 401K as to how conservative you want to be. If worried, take a conservative choice. Just always, take all the match. It is free money. How old are you @mountainref ? No need to be conservative if you are young.
August 31, 20179 yr Author How old are you @mountainref ? No need to be conservative if you are young. 8 years to retire.
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