Timeline for How to get started with savings, paying off debt, and retirement?
Current License: CC BY-SA 3.0
13 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 19, 2012 at 16:21 | history | edited | MrChrister | CC BY-SA 3.0 |
incorporating the feedback from the comments.
|
| Jun 18, 2012 at 17:59 | vote | accept | scientifics | ||
| Jun 18, 2012 at 17:54 | comment | added | Steven | +1 for "monster truck!" The point of investing is to allow you to do what makes you happy, share happiness with others, and maintain that ability for your lifetime. :) | |
| Jun 18, 2012 at 15:54 | comment | added | MrChrister | @mhoran_psprep - Go ahead and change it. I believe you have earned a respectable position here. I gave that specific recommendation because he wanted to get started and I think it is the best "getting started" fund there is. As the OP gets better and wiser he can make any changes he wishes. Sometimes an exact push (as long as it isn't harmful) will get a person going. | |
| Jun 18, 2012 at 13:26 | comment | added | scientifics | Thanks for the great response! We have already started working on a budget, so our main concerns are how to divide up payment of debt/retirement and you gave some good advice on that topic! So it seems that the recommendation is to fully fund an IRA before we put more than the match in the 401(k)? Anyone have another opinion on this? | |
| Jun 18, 2012 at 10:16 | comment | added | mhoran_psprep | the answer shouldn't give the name of a fund family and a fund in the family. The selection of a fund depends on the other investment options they have, and their needs. | |
| Jun 18, 2012 at 5:44 | comment | added | MrChrister | Not one iota. Anybody is always free to edit anything I answer or ask. Your stuff is a better answer. | |
| Jun 18, 2012 at 5:24 | comment | added | littleadv | I added my 2 cents on that, hope you don't mind:) | |
| Jun 18, 2012 at 5:24 | history | edited | littleadv | CC BY-SA 3.0 |
added 617 characters in body
|
| Jun 18, 2012 at 4:48 | comment | added | MrChrister | @littleadv - sure. But if they are asking about how to manage their money, chances that a normal IRA is a better deal is slim. You are right, I am just playing the odds. I highly respect your opinion and welcome your opposing answer. For that matter, edit my answer with details about the Roth v Traditional debate. | |
| Jun 18, 2012 at 4:38 | comment | added | littleadv | +1 in general, but I'm opposed to the blanket "Go Roth" recommendation. You know nothing about their current or projected tax situation, why do you make such a recommendation? -1 for that. | |
| Jun 18, 2012 at 4:35 | comment | added | JTP - Apologise to Monica♦ | +1 as good a list as I've seen. Whether the Roth makes sense or stay pre-tax depends on other factors we don't have right now. And if house is a priority, not sure he's able to put more into retirement that the matched 401(k). But these are details, the list is great. | |
| Jun 18, 2012 at 4:15 | history | answered | MrChrister | CC BY-SA 3.0 |