Forum Replies Created
-
AuthorPosts
-
LesBaer45
Participant[quote=flu]
Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
[/quote]My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
Participant[quote=flu]
Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
[/quote]My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
Participant[quote=flu]
Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
[/quote]My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
Participant[quote=flu]
Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
[/quote]My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
Participant[quote=flu]
Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
[/quote]My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
April 9, 2010 at 6:31 PM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537753ParticipantI’m paying mine off in May. 14yrs. I’m looking forward to being out from under the shadow of owing on it. I just wish I’d have gotten more serious about it sooner.
Sure, sure I get all the discussion about why it’s not something to worry about, not bad debt, a tax advantage blah, blah, blah.
Maybe it’s having Depression Parents/Relatives/Small town thinking. Don’t care. All I know is I hope it is just one last thing to sweat.
Then I can sweat the college tuition, two weddings, insurance, taxes, maintenance on cars, buying a new car, new roof, new heat/ac, new carpet, maintenance on the house, vet bills, and food.
Now I am depressed.
April 9, 2010 at 6:31 PM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #537876ParticipantI’m paying mine off in May. 14yrs. I’m looking forward to being out from under the shadow of owing on it. I just wish I’d have gotten more serious about it sooner.
Sure, sure I get all the discussion about why it’s not something to worry about, not bad debt, a tax advantage blah, blah, blah.
Maybe it’s having Depression Parents/Relatives/Small town thinking. Don’t care. All I know is I hope it is just one last thing to sweat.
Then I can sweat the college tuition, two weddings, insurance, taxes, maintenance on cars, buying a new car, new roof, new heat/ac, new carpet, maintenance on the house, vet bills, and food.
Now I am depressed.
April 9, 2010 at 6:31 PM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #538342ParticipantI’m paying mine off in May. 14yrs. I’m looking forward to being out from under the shadow of owing on it. I just wish I’d have gotten more serious about it sooner.
Sure, sure I get all the discussion about why it’s not something to worry about, not bad debt, a tax advantage blah, blah, blah.
Maybe it’s having Depression Parents/Relatives/Small town thinking. Don’t care. All I know is I hope it is just one last thing to sweat.
Then I can sweat the college tuition, two weddings, insurance, taxes, maintenance on cars, buying a new car, new roof, new heat/ac, new carpet, maintenance on the house, vet bills, and food.
Now I am depressed.
April 9, 2010 at 6:31 PM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #538439ParticipantI’m paying mine off in May. 14yrs. I’m looking forward to being out from under the shadow of owing on it. I just wish I’d have gotten more serious about it sooner.
Sure, sure I get all the discussion about why it’s not something to worry about, not bad debt, a tax advantage blah, blah, blah.
Maybe it’s having Depression Parents/Relatives/Small town thinking. Don’t care. All I know is I hope it is just one last thing to sweat.
Then I can sweat the college tuition, two weddings, insurance, taxes, maintenance on cars, buying a new car, new roof, new heat/ac, new carpet, maintenance on the house, vet bills, and food.
Now I am depressed.
April 9, 2010 at 6:31 PM in reply to: foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) #538706ParticipantI’m paying mine off in May. 14yrs. I’m looking forward to being out from under the shadow of owing on it. I just wish I’d have gotten more serious about it sooner.
Sure, sure I get all the discussion about why it’s not something to worry about, not bad debt, a tax advantage blah, blah, blah.
Maybe it’s having Depression Parents/Relatives/Small town thinking. Don’t care. All I know is I hope it is just one last thing to sweat.
Then I can sweat the college tuition, two weddings, insurance, taxes, maintenance on cars, buying a new car, new roof, new heat/ac, new carpet, maintenance on the house, vet bills, and food.
Now I am depressed.
Participant[quote=Nor-LA-SD-guy][quote=briansd1]Compared to other cities, San Diego is a very large city (the distances are longer that LA) bisected by freeways, hills and canyons.
Because of that, people don’t drive to parts the city that they don’t frequent. I’m willing to be bet that the majority of people who live in Carmel Valley have never been to Encanto or South Park.
Other cities have long boulevards that cross the whole city, and you may have to drive through the city to get to places.
Dallas, Houston, Atlanta, Charlotte, Raleigh, Orlando, Tampa (where the weather is warm, the economy is good and growing, and the costs are lower) are good cities to raise a family on a comfortable middle class income.[/quote]
Hmmm Economy good and growing ???
The jobless rate in the Tampa Bay area was even higher – 12.4 percent, the same as in November.
http://www.wusf.usf.edu/news/2010/01/22/florida_unemployment_rate_rises_again
Generally there are reasons why most of these places are cheaper.
Not trying to be a buzz killer but need to add balance and reality as well,[/quote]
You should probably strike Charlotte and Raleigh off that list as well. Not much of anywhere in NC is doing well.
http://triangle.bizjournals.com/triangle/stories/2010/04/05/daily26.html?surround=lfn
http://triangle.bizjournals.com/triangle/stories/2010/03/22/daily59.html?surround=lfn
Plus we have that redneck / muscle car / pickup-truck-with-guns thing going as well. At least we don’t have to worry about briansd1 moving here.
Participant[quote=Nor-LA-SD-guy][quote=briansd1]Compared to other cities, San Diego is a very large city (the distances are longer that LA) bisected by freeways, hills and canyons.
Because of that, people don’t drive to parts the city that they don’t frequent. I’m willing to be bet that the majority of people who live in Carmel Valley have never been to Encanto or South Park.
Other cities have long boulevards that cross the whole city, and you may have to drive through the city to get to places.
Dallas, Houston, Atlanta, Charlotte, Raleigh, Orlando, Tampa (where the weather is warm, the economy is good and growing, and the costs are lower) are good cities to raise a family on a comfortable middle class income.[/quote]
Hmmm Economy good and growing ???
The jobless rate in the Tampa Bay area was even higher – 12.4 percent, the same as in November.
http://www.wusf.usf.edu/news/2010/01/22/florida_unemployment_rate_rises_again
Generally there are reasons why most of these places are cheaper.
Not trying to be a buzz killer but need to add balance and reality as well,[/quote]
You should probably strike Charlotte and Raleigh off that list as well. Not much of anywhere in NC is doing well.
http://triangle.bizjournals.com/triangle/stories/2010/04/05/daily26.html?surround=lfn
http://triangle.bizjournals.com/triangle/stories/2010/03/22/daily59.html?surround=lfn
Plus we have that redneck / muscle car / pickup-truck-with-guns thing going as well. At least we don’t have to worry about briansd1 moving here.
Participant[quote=Nor-LA-SD-guy][quote=briansd1]Compared to other cities, San Diego is a very large city (the distances are longer that LA) bisected by freeways, hills and canyons.
Because of that, people don’t drive to parts the city that they don’t frequent. I’m willing to be bet that the majority of people who live in Carmel Valley have never been to Encanto or South Park.
Other cities have long boulevards that cross the whole city, and you may have to drive through the city to get to places.
Dallas, Houston, Atlanta, Charlotte, Raleigh, Orlando, Tampa (where the weather is warm, the economy is good and growing, and the costs are lower) are good cities to raise a family on a comfortable middle class income.[/quote]
Hmmm Economy good and growing ???
The jobless rate in the Tampa Bay area was even higher – 12.4 percent, the same as in November.
http://www.wusf.usf.edu/news/2010/01/22/florida_unemployment_rate_rises_again
Generally there are reasons why most of these places are cheaper.
Not trying to be a buzz killer but need to add balance and reality as well,[/quote]
You should probably strike Charlotte and Raleigh off that list as well. Not much of anywhere in NC is doing well.
http://triangle.bizjournals.com/triangle/stories/2010/04/05/daily26.html?surround=lfn
http://triangle.bizjournals.com/triangle/stories/2010/03/22/daily59.html?surround=lfn
Plus we have that redneck / muscle car / pickup-truck-with-guns thing going as well. At least we don’t have to worry about briansd1 moving here.
Participant[quote=Nor-LA-SD-guy][quote=briansd1]Compared to other cities, San Diego is a very large city (the distances are longer that LA) bisected by freeways, hills and canyons.
Because of that, people don’t drive to parts the city that they don’t frequent. I’m willing to be bet that the majority of people who live in Carmel Valley have never been to Encanto or South Park.
Other cities have long boulevards that cross the whole city, and you may have to drive through the city to get to places.
Dallas, Houston, Atlanta, Charlotte, Raleigh, Orlando, Tampa (where the weather is warm, the economy is good and growing, and the costs are lower) are good cities to raise a family on a comfortable middle class income.[/quote]
Hmmm Economy good and growing ???
The jobless rate in the Tampa Bay area was even higher – 12.4 percent, the same as in November.
http://www.wusf.usf.edu/news/2010/01/22/florida_unemployment_rate_rises_again
Generally there are reasons why most of these places are cheaper.
Not trying to be a buzz killer but need to add balance and reality as well,[/quote]
You should probably strike Charlotte and Raleigh off that list as well. Not much of anywhere in NC is doing well.
http://triangle.bizjournals.com/triangle/stories/2010/04/05/daily26.html?surround=lfn
http://triangle.bizjournals.com/triangle/stories/2010/03/22/daily59.html?surround=lfn
Plus we have that redneck / muscle car / pickup-truck-with-guns thing going as well. At least we don’t have to worry about briansd1 moving here.
-
AuthorPosts
