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nostradamus
ParticipantI was thinking the same thing! Buying a house doesn’t seem like such a bad idea if your other choice is to watch your buying power dwindle thanks to inflation. Yet I feel home values still have a good drop coming…
ParticipantI was thinking the same thing! Buying a house doesn’t seem like such a bad idea if your other choice is to watch your buying power dwindle thanks to inflation. Yet I feel home values still have a good drop coming…
September 17, 2008 at 10:05 PM in reply to: OT-I have finally figured out what we are all missing #271840ParticipantIsn’t that from some SNL skit about Blue Oyster Cult?
September 17, 2008 at 10:05 PM in reply to: OT-I have finally figured out what we are all missing #272079ParticipantIsn’t that from some SNL skit about Blue Oyster Cult?
September 17, 2008 at 10:05 PM in reply to: OT-I have finally figured out what we are all missing #272086ParticipantIsn’t that from some SNL skit about Blue Oyster Cult?
September 17, 2008 at 10:05 PM in reply to: OT-I have finally figured out what we are all missing #272128ParticipantIsn’t that from some SNL skit about Blue Oyster Cult?
September 17, 2008 at 10:05 PM in reply to: OT-I have finally figured out what we are all missing #272152ParticipantIsn’t that from some SNL skit about Blue Oyster Cult?
September 17, 2008 at 2:16 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271655ParticipantYou’re right DaCounselor and tax implications are worth considering; however, when you start having enough of a nest egg management fees and market fluctuations can wipe out any tax benefit. BTW the realization that 401k’s are not my friend partly contributed to my decision to become a self-employed consultant. I do the same work but pay less taxes and make more money even paying for my own retirement and medical benefits. Self-employed I qualify for SEP-IRA meaning I can contribute the lesser of 25% of my income or $46k. In many cases this is much more than you can contribute to a 401k.
A 401k does not mean you are restricted to certain funds. You can still have a 401k and invest it in cd’s I think.
September 17, 2008 at 2:16 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271894ParticipantYou’re right DaCounselor and tax implications are worth considering; however, when you start having enough of a nest egg management fees and market fluctuations can wipe out any tax benefit. BTW the realization that 401k’s are not my friend partly contributed to my decision to become a self-employed consultant. I do the same work but pay less taxes and make more money even paying for my own retirement and medical benefits. Self-employed I qualify for SEP-IRA meaning I can contribute the lesser of 25% of my income or $46k. In many cases this is much more than you can contribute to a 401k.
A 401k does not mean you are restricted to certain funds. You can still have a 401k and invest it in cd’s I think.
September 17, 2008 at 2:16 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271902ParticipantYou’re right DaCounselor and tax implications are worth considering; however, when you start having enough of a nest egg management fees and market fluctuations can wipe out any tax benefit. BTW the realization that 401k’s are not my friend partly contributed to my decision to become a self-employed consultant. I do the same work but pay less taxes and make more money even paying for my own retirement and medical benefits. Self-employed I qualify for SEP-IRA meaning I can contribute the lesser of 25% of my income or $46k. In many cases this is much more than you can contribute to a 401k.
A 401k does not mean you are restricted to certain funds. You can still have a 401k and invest it in cd’s I think.
September 17, 2008 at 2:16 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271943ParticipantYou’re right DaCounselor and tax implications are worth considering; however, when you start having enough of a nest egg management fees and market fluctuations can wipe out any tax benefit. BTW the realization that 401k’s are not my friend partly contributed to my decision to become a self-employed consultant. I do the same work but pay less taxes and make more money even paying for my own retirement and medical benefits. Self-employed I qualify for SEP-IRA meaning I can contribute the lesser of 25% of my income or $46k. In many cases this is much more than you can contribute to a 401k.
A 401k does not mean you are restricted to certain funds. You can still have a 401k and invest it in cd’s I think.
September 17, 2008 at 2:16 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271966ParticipantYou’re right DaCounselor and tax implications are worth considering; however, when you start having enough of a nest egg management fees and market fluctuations can wipe out any tax benefit. BTW the realization that 401k’s are not my friend partly contributed to my decision to become a self-employed consultant. I do the same work but pay less taxes and make more money even paying for my own retirement and medical benefits. Self-employed I qualify for SEP-IRA meaning I can contribute the lesser of 25% of my income or $46k. In many cases this is much more than you can contribute to a 401k.
A 401k does not mean you are restricted to certain funds. You can still have a 401k and invest it in cd’s I think.
September 17, 2008 at 1:53 PM in reply to: OT-I have finally figured out what we are all missing #271615Participant[quote=Trojan4Life]Why did Rich remove her? I never saw anything in her posts that was so terrible.[/quote]
She was a precious ray of sunshine and a great subject for studies of modern Americans, but I think Rich had no choice. She was making wild accusations of racism, posting private info about other posters, and seemed to be gyrating on the edge of a breakdown. I’ve been here for years and know that Rich gives people a lot of leeway. You can post just about anything here but when you become a threat to yourself or to others you are a liability and it’s time to go.That being said, I was highly entertained by her posts. It was like watching the movie “Grizzly Man”. Anyone see that? look.
September 17, 2008 at 1:53 PM in reply to: OT-I have finally figured out what we are all missing #271854Participant[quote=Trojan4Life]Why did Rich remove her? I never saw anything in her posts that was so terrible.[/quote]
She was a precious ray of sunshine and a great subject for studies of modern Americans, but I think Rich had no choice. She was making wild accusations of racism, posting private info about other posters, and seemed to be gyrating on the edge of a breakdown. I’ve been here for years and know that Rich gives people a lot of leeway. You can post just about anything here but when you become a threat to yourself or to others you are a liability and it’s time to go.That being said, I was highly entertained by her posts. It was like watching the movie “Grizzly Man”. Anyone see that? look.
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