The Investment Thread (help with savings, stocks, retirement funds, etc.) - Page 55 - Antsmarching.org Forums

Go Back   Antsmarching.org Forums > General Discussion > nDMBc Discussion


Want to hide all ads on Ants? Click here
Reply
 
Thread Tools Display Modes
Old 02-22-2019, 12:10 PM   #1621
Tiduwho
heh heh heh
 
Tiduwho's Avatar
 
Join Date: Feb 2006
Posts: 56,281

Shows Seen: 0
Send a message via MSN to Tiduwho

Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

Bad day to own stock in Kraft Heinz. Down 27%. Oooph.
__________________

"And later I talk to former Presidential candidate Gary Hart and tell him how more Democrats should follow his example -- and leave politics."

- Stephen Colbert
Tiduwho is offline   Reply With Quote

  • Want to hide all ads on Ants? Click here
  • Old 02-22-2019, 12:29 PM   #1622
    RiotAct
    v Ruined Grey Street v
     
    RiotAct's Avatar
     
    Join Date: May 2004
    Location: Buffalo
    Posts: 30,823

    Shows Seen: 43

    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by Tiduwho View Post
    Bad day to own stock in Kraft Heinz. Down 27%. Oooph.
    that dang Robert Kraft!
    __________________
    A curse on Conan O'Brien for ruining Grey Street forever!!!

    12.18.2002 - R.I.P. third verse
    RiotAct is offline   Reply With Quote
    Old 03-08-2019, 09:59 AM   #1623
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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.
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old 03-08-2019, 10:36 AM   #1624
    AJF_41
     
    AJF_41's Avatar
     
    Join Date: Mar 2005
    Posts: 62,605

    Shows Seen: 26

    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by UCFish View Post
    Paid off my 401k home loan 2 and a half years early and opened a vanguard 529 for my little guy today!

    Good day.
    __________________
    the feeling returns, whenever we close our eyes...

    growing vinyl collection: https://www.discogs.com/user/AJF_41/collection/covers
    AJF_41 is offline   Reply With Quote
    Old 03-08-2019, 12:10 PM   #1625
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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.
    Benny003 is offline   Reply With Quote
    Old 03-08-2019, 07:07 PM   #1626
    smokew11
    1-0
     
    smokew11's Avatar
     
    Join Date: Sep 2007
    Location: Reading, Pa
    Posts: 61,798

    Shows Seen: 35

    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    Quote:
    Originally Posted by UCFish View Post
    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
    __________________
    MyShows
    In Memoriam: Kermit. May angels guide you in

    Quote:
    Originally Posted by AllifromOhio View Post
    Tom Hardy can make my bhole look like Hope's.
    smokew11 is offline   Reply With Quote
    Old 03-15-2019, 10:14 AM   #1627
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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.
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old 03-15-2019, 10:35 AM   #1628
    Tiduwho
    heh heh heh
     
    Tiduwho's Avatar
     
    Join Date: Feb 2006
    Posts: 56,281

    Shows Seen: 0
    Send a message via MSN to Tiduwho

    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.
    __________________

    "And later I talk to former Presidential candidate Gary Hart and tell him how more Democrats should follow his example -- and leave politics."

    - Stephen Colbert
    Tiduwho is offline   Reply With Quote
    Old 03-15-2019, 01:41 PM   #1629
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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 01:42 PM.
    Benny003 is offline   Reply With Quote
    Old 03-15-2019, 01:42 PM   #1630
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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.
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old Today, 09:41 AM   #1631
    scrock25
     
    scrock25's Avatar
     
    Join Date: Aug 2002
    Posts: 74,054

    Shows Seen: 24

    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.
    scrock25 is offline   Reply With Quote
    Old Today, 10:33 AM   #1632
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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?
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old Today, 10:39 AM   #1633
    scrock25
     
    scrock25's Avatar
     
    Join Date: Aug 2002
    Posts: 74,054

    Shows Seen: 24

    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.
    scrock25 is offline   Reply With Quote
    Old Today, 11:03 AM   #1634
    YouNeverKnow25
    "I like George Bailey"
     
    YouNeverKnow25's Avatar
     
    Join Date: Feb 2004
    Location: Pittsburgh, PA
    Posts: 32,665

    Shows Seen: 106

    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
    __________________
    A toast, to my big brother George - the richest man in town.
    YouNeverKnow25 is offline   Reply With Quote
    Old Today, 11:07 AM   #1635
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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.
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old Today, 11:10 AM   #1636
    YouNeverKnow25
    "I like George Bailey"
     
    YouNeverKnow25's Avatar
     
    Join Date: Feb 2004
    Location: Pittsburgh, PA
    Posts: 32,665

    Shows Seen: 106

    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
    __________________
    A toast, to my big brother George - the richest man in town.
    YouNeverKnow25 is offline   Reply With Quote
    Old Today, 11:11 AM   #1637
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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.
    Benny003 is offline   Reply With Quote
    Old Today, 11:21 AM   #1638
    BTBaboon
     
    BTBaboon's Avatar
     
    Join Date: Jul 2015
    Posts: 16,593

    Shows Seen: 23

    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.
    __________________
    My vinyl-themed Instagram

    Looking to buy a turntable and get into vinyl? Here is a link to some recommendations from the Vinyl Collectors Thread!
    BTBaboon is online now   Reply With Quote
    Old Today, 11:42 AM   #1639
    cry_minarets458
    MM#45 Wacco for Flacco
     
    cry_minarets458's Avatar
     
    Join Date: Aug 2007
    Location: Give me BETHEL or give me death.... death, death it is then
    Posts: 21,394

    Shows Seen: 62

    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    my employer just gives me 8% regardless of what i do
    __________________
    Mao's WWYS Quest: fin @ show 39 MattsMarching 1 Gorge Medal
    Quote:
    Originally Posted by efraser77 View Post
    *renounces DMB fandom*
    Quote:
    Originally Posted by Prime Minister
    In fairness Brian Wilson's Beard > Amy Winehouse & the grammys & spoot.
    cry_minarets458 is offline   Reply With Quote
    Old Today, 11:46 AM   #1640
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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
    That's pretty insane. How are your other benefits by comparison?
    Benny003 is offline   Reply With Quote
    Old Today, 11:47 AM   #1641
    UCFish
    Mr. Hospitality (Glow)
     
    Join Date: Sep 2003
    Location: Tampa Bay
    Posts: 25,897

    Shows Seen: 157
    Send a message via AIM to UCFish

    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.
    __________________
    Nacho Boy
    157 shows and counting
    WhT campaigner. In memory of shiny tape and misappropriated funds
    UCFish is offline   Reply With Quote
    Old Today, 11:53 AM   #1642
    Route_2
    Resident Braniac
     
    Route_2's Avatar
     
    Join Date: Sep 2004
    Location: Seattle
    Posts: 10,708

    Shows Seen: 56
    Send a message via MSN to Route_2

    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.
    __________________
    DMB Full Show Video Link List: https://docs.google.com/spreadsheets...it?usp=sharing
    RYM
    Route_2 is offline   Reply With Quote
    Old Today, 11:54 AM   #1643
    justinandimcool
    denim & sheepskin
     
    justinandimcool's Avatar
     
    Join Date: Feb 2004
    Posts: 30,118

    Shows Seen: 3
    Send a message via AIM to justinandimcool

    Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)

    0% match baby!!!!
    __________________
    -Justin
    justinandimcool is online now   Reply With Quote
    Old Today, 12:10 PM   #1644
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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.
    Benny003 is offline   Reply With Quote
    Old Today, 12:12 PM   #1645
    Benny003
     
    Benny003's Avatar
     
    Join Date: Feb 2002
    Location: Minneapolis, MN
    Posts: 11,792

    Shows Seen: 51

    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.
    Benny003 is offline   Reply With Quote
    Old Today, 12:16 PM   #1646
    scrock25
     
    scrock25's Avatar
     
    Join Date: Aug 2002
    Posts: 74,054

    Shows Seen: 24

    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.
    scrock25 is offline   Reply With Quote
    Old Today, 12:58 PM   #1647
    Route_2
    Resident Braniac
     
    Route_2's Avatar
     
    Join Date: Sep 2004
    Location: Seattle
    Posts: 10,708

    Shows Seen: 56
    Send a message via MSN to Route_2

    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.
    __________________
    DMB Full Show Video Link List: https://docs.google.com/spreadsheets...it?usp=sharing
    RYM
    Route_2 is offline   Reply With Quote
    Reply

    Thread Tools
    Display Modes

    Posting Rules
    You may not post new threads
    You may not post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is Off
    HTML code is Off

    Forum Jump


    Want to hide all ads on Ants? Click here

    All times are GMT -4. The time now is 06:39 PM.


    Powered by vBulletin® Version 3.8.6
    Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.


       
    Site LinksAbout AntsAnts MobileTweet Tweet
    Home
    Ants+
    Tour Central
    Search bar
    RSS Feeds
    About Us
    Contact Us
    The Ants Blog
    Advertise on Ants
    Privacy Policy
    Ants on your cell phone
    iAnts
    mobile news
    mobile setlists
    antslive!
    Ants' Twitter
    DMBLive Twitter
    Ants Facebook
    Ants Instagram
    Matt's Twitter
    Joe's Twitter