CountryFrog
Active Member
I invest my money into more money. It's the only way to go.
Counterfeiting eh?I invest my money into more money. It's the only way to go.
I do!Just curious, does anyone out there work for a company that has a pension plan? This does not include government that is in lieu of Social Security, but a plan in addition to Social Security and a 401k?
Less than 12 months? What do you base that on?As an aside, fees are going to be a thing of the past in less than 12mths. The whole Financial Advisory industry will fundamentally change. I used to charge 2/20 as a P/E Fund ten yrs ago, then 1.75/15, then 1/10 and now 0.75/7.5. My firm is not small but will still have to rethink fees going forward. It's a race to zero (with the exception of the Blackstones of the world).
What does that mean for you? You will have ppl begging, perhaps paying, you to manage your cash. Keep the dry powder. Check in again with the board in 12mths.
Thanks. Looks like an intriguing group. Signed up for his newsletter.My family has been working with this man for decades as he has moved around several financial companies till he formed his own https://segmentwm.com/. We set a plan and he does it.
Wife and I max out my 401(k), our IRA's and invest in real estate from commercial properties to home rentals. I really dislike the rentals and the tenant headaches, but the wife does real estate now and she handles that end.
Roth IRAs have income limits. For 2020 it's $196,000 for your modified adjusted gross income if you're married and filing jointly. $124k MAGI if you're a single filer.I max out my 401(k) and luckily the last couple years reached the maxed limit. But I’m not knowledgeable enough in investing that I know what to do once I reached that limit. Also IRAs have an income limit correct?
I have a pension plan from my company in addition to my military retirement, social security and 401K. I get an amount = to 16% up of my salary from my company. It all goes into a retirement account that I can control. I can select how it is invested or do the investing myself within the government limits of a PCRA (Personal choice retirement account).Just curious, does anyone out there work for a company that has a pension plan? This does not include government that is in lieu of Social Security, but a plan in addition to Social Security and a 401k?
I was debt free until last year and I borrowed money against my house for 3.5%. We have a commercial real estate company where we purchase/syndicate CRE assets and I felt comfortable I could beat 3.5%. In general I am anti debt, but money is extremely cheap right now and you can diversify into enough different asset classes to hedge your risk.I think a reasonable goal for someone who makes a decent living is to be completely debt free by age 40, including having the mortgage paid off. And never borrow again for anything. I probably hate debt more than the average person.
Bingo!I was debt free until last year and I borrowed money against my house for 3.5%. We have a commercial real estate company where we purchase/syndicate CRE assets and I felt comfortable I could beat 3.5%. In general I am anti debt, but money is extremely cheap right now and you can diversify into enough different asset classes to hedge your risk.
Just be careful and read the social security laws. There’s some [ deposit from a bull that looks like Art Briles ] rule about when you die, she won’t get your SS checks. But if she never worked a day in her life she would. I know that’s not it, so look up the law.This isn’t what you’re looking for but just wanted to mention a little known option for teachers. When our sons left my wife wanted to do something so she got her alternate teaching certificate and taught 4th grade about ten years. Only reason I bring this up is if one of you is making a pretty good living and the other is teaching, look into a 403(b) for the teacher. It’s a tax deferred savings vehicle for teachers similar to a 401k but you can contribute up to $19.5k per year or $25.5k if you are over 50. So if the spouse is making enough to live on it’s a nice savings strategy. The watch out is school districts don’t bring this up much, you have to look for it. Also a down side is they contract with administrators who try to force you into annuities or MF’s with high fees. But after asking several times they had other options and she ended up in a Fidelity 403b with most of the usual Fidelity options. When she retired she just rolled it into an IRA.
Edit: most school districts don’t do matching contributions.
Put it in there and it will grow
I’ll give you the benefit of the doubt and assume you initially missed Peacefrog’s post at the top of page two. And because of that, I'll give you credit for being equally as witty. Thankfully, I started responding to your post before you edited it away.I buy 10 TCU season tickets. Really, I only need 2. I sell the extra 8 to UT, TT, OU, OSU and Baylor for 4xs what I pay for the season tickets. Been doing it since they built the new stadium. About to retire at the age of 40.
Just be careful and read the social security laws. There’s some [ deposit from a bull that looks like Art Briles ] rule about when you die, she won’t get your SS checks. But if she never worked a day in her life she would. I know that’s not it, so look up the law.
I was debt free until last year and I borrowed money against my house for 3.5%. We have a commercial real estate company where we purchase/syndicate CRE assets and I felt comfortable I could beat 3.5%. In general I am anti debt, but money is extremely cheap right now and you can diversify into enough different asset classes to hedge your risk.