Your finances

[Hellbound]

How many of you bothered to get involved or monitor your superannuation (or 401k I think for you Americans)

Are any of you putting your money to work instead of relying solely on your income?

Do any of you work as accountants, tax agents, financial planners etc.?

Just interested how people are looking after their future.

[DemonFilth2001]

How many of you bothered to get involved or monitor your superannuation (or 401k I think for you Americans)

Are any of you putting your money to work instead of relying solely on your income?

Do any of you work as accountants, tax agents, financial planners etc.?

Just interested how people are looking after their future.

Was a financial advisor for years. Have a good amount invested. Parents always lived way below their means. They invested. Big house fully paid for. Now 79 and 82. They'll be my true retirement account.

But...assuming they'll live forever...we're gonna be OK.

[LadyJaneGrey]

I've got three different savings accounts, two with my bank, the third is sometthing through my job.

Definitely don't work in the finance area....I'd be the first to admit that I'm dyslexic with numbers.

[MattleyCrue]

401K and stocks

Only bills are mortgage, car payment, cell phone, gas and electric, credit card gets paid off every month

Buy all of the T-shirt’s and gear and wine I want

[TooOldToCare]

How many of you bothered to get involved or monitor your superannuation (or 401k I think for you Americans)

Are any of you putting your money to work instead of relying solely on your income?

Do any of you work as accountants, tax agents, financial planners etc.?

Just interested how people are looking after their future.

Was a financial advisor for years. Have a good amount invested. Parents always lived way below their means. They invested. Big house fully paid for. Now 79 and 82. They'll be my true retirement account.

But...assuming they'll live forever...we're gonna be OK.

Including a nice pension, I have a hefty amount in my financial portfolio. With all the retirement rules, I still can’t retire at 56 and live another 20 or more years. Like you, my parents never treated themselves to anything, have no debt, and a lot of cash and investments. My dad passed in Dec. My mom is 83 but still doing well. If she were to pass, that would be my trigger to retire. I’m an only kid, so the house and $$ goes only to me. I’m not wishing for her departure, just answering the OP with my reality.

[Danzig in the Dark]

How many of you bothered to get involved or monitor your superannuation (or 401k I think for you Americans)

Are any of you putting your money to work instead of relying solely on your income?

Do any of you work as accountants, tax agents, financial planners etc.?

Just interested how people are looking after their future.

Was a financial advisor for years. Have a good amount invested. Parents always lived way below their means. They invested. Big house fully paid for. Now 79 and 82. They'll be my true retirement account.

But...assuming they'll live forever...we're gonna be OK.

Including a nice pension, I have a hefty amount in my financial portfolio. With all the retirement rules, I still can’t retire at 56 and live another 20 or more years. Like you, my parents never treated themselves to anything, have no debt, and a lot of cash and investments. My dad passed in Dec. My mom is 83 but still doing well. If she were to pass, that would be my trigger to retire. I’m an only kid, so the house and $$ goes only to me. I’m not wishing for her departure, just answering the OP with my reality.

Why wait to retire?

[TooOldToCare]

Why wait to retire?

[/quote]

Second time I've received this advice. OH MOTHER.... can you come here for a sec?

[BDG135]

I've read enough about investing to know how to diversify and not totally fuck myself up.

[Hellbound]

I've got three different savings accounts, two with my bank, the third is sometthing through my job.

Definitely don't work in the finance area....I'd be the first to admit that I'm dyslexic with numbers.

Can you please tell me why you have three? Is there a benefit to having your money spread over multiple accounts instead of one?

I understand at least with different asset classes that diversification is good because it helps to try and mitigate against poor performance periods etc.

[Mojo]

I've got three different savings accounts, two with my bank, the third is sometthing through my job.

Definitely don't work in the finance area....I'd be the first to admit that I'm dyslexic with numbers.

Can you please tell me why you have three? Is there a benefit to having your money spread over multiple accounts instead of one?

I understand at least with different asset classes that diversification is good because it helps to try and mitigate against poor performance periods etc.

I obviously can't speak for her, but I have a savings account for immediate emergencies like needed a new washer, car repair, shit like that. It's attached to my checking account so that I can transfer money over if I need to. I also have an emergency savings account that is separate from my checking and would require a few days to transfer over. This is basically my 'if I lose my job and need to float for a few months while I look for another one, then I'm covered' account. My third savings account is one that I transferred an old 401k into and keep as a home down payment savings account. It's a high interest (5%) account, so it makes me an additional couple of grand a year just keeping it there.
Then I have three retirement accounts, too. A 401(a), a 457b and a Roth IRA.

[LAglamrocker]

I got birthday next week hopefully I get around 1500$
Got Aftershock for 5 days and maybe Vegas trip in October
I’m sure Wednesday 13 will have cool stuff this tour so maybe 1600$ is needed .

I won’t be home Halloween so no candy for freeloading brats

[TravisBicklesMohawk]

Terrible.

Hopefully I will die before retirement age.

[LadyJaneGrey]

I've got three different savings accounts, two with my bank, the third is sometthing through my job.

Definitely don't work in the finance area....I'd be the first to admit that I'm dyslexic with numbers.

Can you please tell me why you have three? Is there a benefit to having your money spread over multiple accounts instead of one?

I understand at least with different asset classes that diversification is good because it helps to try and mitigate against poor performance periods etc.

Well, one is a savings account that I can transfer money to/from when I need it, so it's more like an emergency fund. The CD and the deferred compensation plan are for long-term investments.

[DonJuanDeMarco]

I've got three different savings accounts, two with my bank, the third is sometthing through my job.

Definitely don't work in the finance area....I'd be the first to admit that I'm dyslexic with numbers.

Can you please tell me why you have three? Is there a benefit to having your money spread over multiple accounts instead of one?

I understand at least with different asset classes that diversification is good because it helps to try and mitigate against poor performance periods etc.

Well, one is a savings account that I can transfer money to/from when I need it, so it's more like an emergency fund. The CD and the deferred compensation plan are for long-term investments.

Come on guys. Just admit... One the wife knows about. One she doesn't. One in an overseas account! We're all planning our escape!

[Mister Freeze]

It's like having two phones. One for the bitches and one for the dough.

[Sleek]

Believe it or not, I just put 5k in a PayPal savings account. Probably gonna do another 5k soon.

Fucking thing makes 4% and is FDIC insured...seems like a great place for cash just laying around.

[Danzig in the Dark]

Believe it or not, I just put 5k in a PayPal savings account. Probably gonna do another 5k soon.

Fucking thing makes 4% and is FDIC insured...seems like a great place for cash just laying around.

That's Rolex money.