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Old 02-22-2019, 09:10 AM   #1621
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Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

Bad day to own stock in Kraft Heinz. Down 27%. Oooph.
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  • Old 02-22-2019, 09:29 AM   #1622
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    Bad day to own stock in Kraft Heinz. Down 27%. Oooph.
    that dang Robert Kraft!
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    Old 03-08-2019, 06:59 AM   #1623
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Paid off my 401k home loan 2 and a half years early and opened a vanguard 529 for my little guy today!

    Good day.
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    Old 03-08-2019, 07:36 AM   #1624
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

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    Paid off my 401k home loan 2 and a half years early and opened a vanguard 529 for my little guy today!

    Good day.
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    Old 03-08-2019, 09:10 AM   #1625
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I decided to put about $5,000 into my Traditional IRA to max it out for 2018 tax purposes before I realized that I don't qualify to deduct any of it.

    Oh well, at least I can still spend it in retirement.
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    Old 03-08-2019, 04:07 PM   #1626
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    Paid off my 401k home loan 2 and a half years early and opened a vanguard 529 for my little guy today!

    Good day.


    we have to open up a 529 for the little girl, just born last week
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    Old 03-15-2019, 07:14 AM   #1627
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by smokew11 View Post


    we have to open up a 529 for the little girl, just born last week
    Woo Hoo Congrats!

    Curious thoughts from some people here on taking additional money and paying down the mortgage a little extra each month vs. additional money into 529 vs. just trying to invest and throw it in possibly a total vanguard index fund.

    Obviously there are some pro/cons to all of them....my mortgage is 30 year with a 3.49% interest rate.
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    Old 03-15-2019, 07:35 AM   #1628
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Same question as UCFish. Wife is back to work this week so we will start having a second paycheck again.

    Have not opened a 529 or anything yet for the little one. Working on paying our own debt off first (car loan), then will decide if more should go to 4.25% mortgage, investing, or 429 route.
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    Old 03-15-2019, 10:41 AM   #1629
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    When it comes to 529's, the rule is you take care of yourself first. Meaning, make sure you're meeting your savings goals for your own retirement first and then you can contribute to the 529 if you want. A 529 is a "nice to have" and not a necessity at all in the big picture. If you don't have a 529, there are other options to help a kid go to college (financial aid, loans, scholarships, etc.). If you don't have enough for retirement, well, you're SOL.

    Between paying down a mortgage and paying for a 529 assuming you have everything else financially speaking squared away, I think it's personal preference at that point. Attend to whichever one worries you the most first.

    Last edited by Benny003; 03-15-2019 at 10:42 AM.
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    Old 03-15-2019, 10:42 AM   #1630
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Fair enough....anyone dabble in fundrise?

    I think I might do a little mix of extra contributions to 529 and Mortgage.
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    Old 03-22-2019, 06:41 AM   #1631
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Finally above my high balance from 9/28/2018 right before the correction. Took almost 6 months to the day to gain back what I lost.
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    Old 03-22-2019, 07:33 AM   #1632
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    How much more though have you contributed in that time?

    I am way above where I was in September but also have contributed a ton including biggest contribution/bonus earlier this month.

    Or do you just mean gains?
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    Old 03-22-2019, 07:39 AM   #1633
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Well, it's coming from 4 different sources - only two of which are contributed to via payroll deductions, the other two include my IRA from rollovers via past jobs, and my wife's one account that is from her employer but not contributed to anymore (so there are two separate accounts in her 403b).

    Her main 403b is the one that has the most contributions - total of 15%, I think. My 401k through my employer is minimally contributed to unfortunately, only 3%. The company match is terrible (10% of total annual contributions), otherwise if it was the standard 100% up to 6% I'd definitely bite the bullet and take the 6% deduction.

    For the first 13 years of my professional career I was putting way 12% annually (100% match up to 6%), but when I took my current job I had to endure a pretty substantial paycut which meant something had to be sacrificed.
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    Old 03-22-2019, 08:03 AM   #1634
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I don't know that an employer match of 100% up to 6 percent is standard
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    Old 03-22-2019, 08:07 AM   #1635
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I only get 3% match.....and need to do 5% to get the 3%. Obviously I do way more than that. Would love a 6% match.
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    Old 03-22-2019, 08:10 AM   #1636
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I think mine this year was 150% up to 4%, which I thought was great
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    Old 03-22-2019, 08:11 AM   #1637
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by scrock25 View Post
    Well, it's coming from 4 different sources - only two of which are contributed to via payroll deductions, the other two include my IRA from rollovers via past jobs, and my wife's one account that is from her employer but not contributed to anymore (so there are two separate accounts in her 403b).

    Her main 403b is the one that has the most contributions - total of 15%, I think. My 401k through my employer is minimally contributed to unfortunately, only 3%. The company match is terrible (10% of total annual contributions), otherwise if it was the standard 100% up to 6% I'd definitely bite the bullet and take the 6% deduction.

    For the first 13 years of my professional career I was putting way 12% annually (100% match up to 6%), but when I took my current job I had to endure a pretty substantial paycut which meant something had to be sacrificed.
    Quote:
    Originally Posted by YouNeverKnow25 View Post
    I don't know that an employer match of 100% up to 6 percent is standard
    I was going to say the same thing. I think 3% match or maybe 4% match is much more typical. Some Fortune 500 companies might do more.
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    Old 03-22-2019, 08:21 AM   #1638
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by YouNeverKnow25 View Post
    I don't know that an employer match of 100% up to 6 percent is standard
    It probably once was, but really hasn't been for quite a while.
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    Old 03-22-2019, 08:42 AM   #1639
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    my employer just gives me 8% regardless of what i do
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    Old 03-22-2019, 08:46 AM   #1640
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
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    my employer just gives me 8% regardless of what i do
    That's pretty insane. How are your other benefits by comparison?
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    Old 03-22-2019, 08:47 AM   #1641
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by cry_minarets458 View Post
    my employer just gives me 8% regardless of what i do
    WOW....that is insane.

    It amazes me the people at my company who don't even do the 5% to get the 3% match....I yell at them.
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    Old 03-22-2019, 08:53 AM   #1642
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    I get 15% of my salary as an employer contribution into my 401k each year (on top of my personal max).

    Makes it kinda hard to leave, though.
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    Old 03-22-2019, 08:54 AM   #1643
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    0% match baby!!!!
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    Old 03-22-2019, 09:10 AM   #1644
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Route_2 View Post
    I get 15% of my salary as an employer contribution into my 401k each year (on top of my personal max).

    Makes it kinda hard to leave, though.
    You get a 15% match? Do you get bonuses as well? Is your salary comparable to a salary you could get at a similar job? I don't understand how a business could possibly afford that kind of match unless they skimp on benefits elsewhere.
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    Old 03-22-2019, 09:12 AM   #1645
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Got my term life insurance policy approved this week. Not exactly fun, but it feels good to have that wrapped up to know I'll be able to take care of my family if the worst should happen. After opening up a 529 in December I feel like I have everything taken care of financially as far as being a parent goes now.
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    Old 03-22-2019, 09:16 AM   #1646
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by YouNeverKnow25 View Post
    I don't know that an employer match of 100% up to 6 percent is standard
    Quote:
    Originally Posted by Benny003 View Post
    I was going to say the same thing. I think 3% match or maybe 4% match is much more typical. Some Fortune 500 companies might do more.
    Yeah, it was my standard, maybe not THE standard. It's all I knew for 13 years and seemed pretty on par with other people I knew who worked around here.

    Quote:
    Originally Posted by UCFish View Post
    WOW....that is insane.

    It amazes me the people at my company who don't even do the 5% to get the 3% match....I yell at them.
    Yep, I knew far too many people previously who didn't contribute at all and I'd get super snippy with them as well especially because even if they did the minimum 6% they'd double their investment out of the gate.

    Oh well, lead a horse to water sort of thing I guess.
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    Old 03-22-2019, 09:58 AM   #1647
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Benny003 View Post
    You get a 15% match? Do you get bonuses as well? Is your salary comparable to a salary you could get at a similar job? I don't understand how a business could possibly afford that kind of match unless they skimp on benefits elsewhere.
    Technically the company refers to the 15% lump sum deposited into our 401k as profit-sharing, rather than a match. That is actually paid out by our parent company (we are a subsidiary). Then my employer has a small deposit which they refer to as a match, but it's only around $2k (seems to adjust up for inflation every few years). We also get cash bonuses that are in a range of 15-25% of salary depending on how the company performed overall in a given year.

    I would say the company probably pays a bit under market in terms of salary, depending on your place in the company. Entry level, definitely under market, then it gets better as you go up the ladder. But, I think they feel like they can because a) we don't have many like competitors in this area so it is difficult to job hop and b) the benefits are better than average. Decent healthcare, very good work/life balance.

    It's definitely kept me around for a while as it's allowed me to ratchet up my 401k balance very quickly over the years, especially since I've been able to max on my portion in recent years as well. I consider myself very fortunate because of it. But, on the flip side of the coin, maybe it's held me back from pursuing an alternate line of work at a higher salary. But, I'm pretty happy here most of the time so I tend not to dwell on that aspect too deeply.
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    Old 04-10-2019, 11:59 AM   #1648
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Question for all you smart money people.

    I have three 401k accounts at different financial insitutions, since I have switched jobs many times. Each job uses a different company for their 401k.

    It drives me a little nuts to have to visit three different places to check on my retirement money. Is it worth it to consolidate into one 401k?
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    Old 04-10-2019, 12:02 PM   #1649
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by neumdogg View Post
    Question for all you smart money people.

    I have three 401k accounts at different financial insitutions, since I have switched jobs many times. Each job uses a different company for their 401k.

    It drives me a little nuts to have to visit three different places to check on my retirement money. Is it worth it to consolidate into one 401k?
    Do you already have a traditional or Roth IRA open somewhere? It is usually pretty painless to rollover your scattered 401ks into a single traditional IRA.

    https://www.nerdwallet.com/blog/inve...ver-ira-guide/
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    Old 04-10-2019, 12:10 PM   #1650
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    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Route_2 View Post
    Do you already have a traditional or Roth IRA open somewhere? It is usually pretty painless to rollover your scattered 401ks into a single traditional IRA.

    https://www.nerdwallet.com/blog/inve...ver-ira-guide/
    What are the benefits of rolling my 401k money into an IRA (I have one of those too).
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