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  1. #16
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    Jun 2012
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    greater-Charlotte NC
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    Quote Originally Posted by remmett70 View Post
    Plan A: Powerball
    Plan B: Live off my children.
    Plan C: Die
    Solid!
    The Deadly Dozen-Team 13

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  2. #17
    Join Date
    Oct 2015
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    I have a great retirement plan in place.

    I get half pay retirement at 20 years. 1/60 for each year I stay after 20 topping at 32 years and about 70%.
    Healthcare paid upon retiring. I'm eligible and will have 20 years at age 45 or in 9 more years.

    I also have deferred comp right now where 11% of my paycheck comes out pre-taxed. I can collect that at like 54ish.

    I also have a Roth IRA in place right now as well that will be ready at age 59.

    Gotta set yourself up man. Think and plan ahead!!

  3. #18
    Join Date
    Jul 2008
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    N. Illinois
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    Primarily 401k for now. I also did a Roth IRA and maxed it with tax return money for several years but don't do anything with Roth's now.

    Now I'm still contributing to the 401k, but also saving $$$ with a plan to buy property as an investment (and hunting) in the next 12-18 months. I'd like to get myself into something that is somewhat liquid and accessible before retirement age and I believe property is my best option.

    Quote Originally Posted by Siman/OH View Post
    I have a Fidelity retirement fund that i got through work. I put in 6% and they match 3%. I know thats on the lower end of the spectrum but until major life events occur (house, wife, kids) id rather have my money in savings.

    Sent from my SM-G900V using Tapatalk
    It's hard to prioritize, but if you can do it before you have kids, a mortgage, or a wife. That's when it becomes much harder because with all of that comes financial obligation. When your young your only sacrificing new cars and bar money to do it. Get it started and maxed out early even if only for a year or two and it will have much longer to compound before retirement. If you do this early, you can put much less in it later and still have a great retirement if you have that head start.
    Last edited by Rick James; 02-08-2017 at 05:54 PM.
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  4. #19
    Join Date
    Nov 2010
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    4,484
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    Real Estate, Mutual Funds, Stocks & Savings

    Last couple months have bought GM stock & place for Waterfowl Hunting.

    Pretty much will be taking a ****ing next year. Oldest daughter graduates high school and got into pharmacy programs at Purdue & Butler; either choice sucks for me.
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  5. #20
    Join Date
    Sep 2008
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    Wisconsin
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    Real Estate, Ira 401K. If I were to do it over again I would have bought a duplex at 5% down lived in for 3 years take the equity and other savings and buy another live in that for a couple of years and do it again until you mass enough rental income to live off of but don't quit your job and bank and invest all that money until you retire.

    AND FU ABOUT THE OLD GUY COMMENT
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    Everyone has an opinion but if I don't agree with it you're a racist! Liberal Logic 101

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  6. #21
    Join Date
    Aug 2015
    Location
    Southwest Illinois
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    Retirement question...

    At least get the company's 401K match. I would max a Roth IRA before putting extra in 401-k. The main thing I found is keeping all other miscellaneous debt to a minimum. Keep credit cards under control and don't live beyond your means. I also try to keep a well padded savings for emergencies. Having at least 3mo of bills in savings is a good amount, 6 mo. to a year is ideal. After I got all of that down I started realizing I could contribute more into a diversified portfolio. Never hurts to have a little bit in commodities such as precious metals. Rental properties will be acquired thanks to my father. Don't put all your eggs in one basket!


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    Last edited by Shocker99; 02-08-2017 at 06:37 PM.
    Brandon-
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  7. #22
    Join Date
    Aug 2008
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    Anchorage, AK
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    For now I just put in the Roth 401k 4% that my company matches. Idiotic to turn down free money. Outside of that, for now I'm chunking away debt (student loans) to free up monthly disposable income. I hope to purchase my first rental property in the next 18 months as well. I would dive into investments sooner, I just know if I leave my current job or have to move to another state I will take a substantial paycut, and I couldn't maintain my current lifestyle with the amount of monthly debt I have. If I can stay focused for next 3-5 years, I'll be set.
    Last edited by TEmbry; 02-08-2017 at 11:16 PM.
    Our court system puts the fate of those who stand trial in the hands of twelve people not even smart enough to get out of jury duty...

  8. #23
    Join Date
    Oct 2012
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    People's Republic of IL
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    I copyrighted the phrase "with that being said" back just before Season 2 of BHOD.
    Royalty checks should start rolling in aaaannnyyyy day now...
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  9. #24
    Join Date
    Sep 2008
    Location
    Cogan Station, PA
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    I put 12% in my TSA and 8% in my wife's 401k with 3% matching on top along with an annual bonus contribution from her company. We rolled her old 401k into an IRA as well. We don't qualify for a Roth unfortunately. I also have good pension.

    Sent from my SM-P600 using Tapatalk

  10. #25
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    Jul 2008
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    Bristol, WI/Buffalo Grove, IL
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    Quote Originally Posted by MGH_PA View Post
    I put 12% in my TSA and 8% in my wife's 401k with 3% matching on top along with an annual bonus contribution from her company. We rolled her old 401k into an IRA as well. We don't qualify for a Roth unfortunately. I also have good pension.

    Sent from my SM-P600 using Tapatalk
    You can still put it in a Roth you just need to do a backdoor Roth and convert it from your existing IRA. Loophole from 2010 that they have not fixed yet.


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  11. #26
    Join Date
    Jan 2015
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    Roanoke, VA
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    This is the stuff they need to teach in college, stuff that will help you plan and succeed in life. I know the basic ins and outs of investing but not near as much as one should.
    Casey
    The Lord is my hunting partner.

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  12. #27
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    Sep 2016
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    Quote Originally Posted by The Old Man View Post
    Can you live on $25 a week??



    Sorry, maybe that remark should have been in the joke thread.
    I make 6 figures as a stripper. See, what I do is come out completely naked. The ladies throw money at me to put my close back on. By the time I'm fully dressed, I'm standing in a huge pile of bills.
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    - Jack O.

  13. #28
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    Sep 2008
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    Wisconsin
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    One more thing a prenump can save you half of your retirement money
    Everyone has an opinion but if I don't agree with it you're a racist! Liberal Logic 101

    Poster of the 1,000,000TH post

    www.matcodist.com




  14. #29
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    Feb 2009
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    Quote Originally Posted by sheddinva View Post
    This is the stuff they need to teach in college, stuff that will help you plan and succeed in life. I know the basic ins and outs of investing but not near as much as one should.
    This is one the reasons I decided to get a degree in Finance.
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  15. #30
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    Jul 2015
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    Rothschild, WI
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    Quote Originally Posted by DrSnake View Post
    I make 6 figures as a stripper. See, what I do is come out completely naked. The ladies throw money at me to put my close back on. By the time I'm fully dressed, I'm standing in a huge pile of bills.
    I was taught, when dealing with money to only use 2 decimal places, not 4.
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