Comments | lazypenguin: (без темы)

lazypenguin

(Untitled)

Feb 09, 2006 11:47

hello real world. my name is jeremy. actually, i haven't even received my first paycheck, so maybe i can't say that yet. but i did sign up for employer sponsored life health dental and vision insurance, among other things, so that made me feel a little like an adult ( Read more... )

Comments 6

kle February 9 2006, 16:59:15 UTC

Hi Jeremy, real-world here:

Eat a sandwich.

That is all.

do the Roth IRA, ASAP. anonymous February 9 2006, 17:51:06 UTC

do it, now, and fund it to the max if you can (4K). That extra $4K'll be another $100,000 in 40 years (inflation adjusted). It's ranks right below "pay off credit card debt," "company retirement plan with matching" for what to do with any extra $$

Re: do the Roth IRA, ASAP. klayzen February 9 2006, 17:51:47 UTC

cookies suck. that was me.

Re: do the Roth IRA, ASAP. lazypenguin February 9 2006, 20:50:05 UTC

yeah, i had planned to put as much into the 401(k) as my company would match, and take extra retirement money to put into ROTH IRA. if i open before i file my taxes, it will count as if i opened it Jan 1, 2005 according to my family financial management instructor last semester, meaning that the 5 years i have to wait before being able to take money out of it tax free to buy a house starts counting as of 2005. i cheat the governement out of a year! and they say you can't buy time.

no touchy touchy klayzen February 9 2006, 22:13:12 UTC

you're absolutely right, but everything i've read points to that you're much better off not touching the money capital gains at 0% tax are about a million billion times better than capital gains at 28 or 35% (well, ok, 1.35 times better).

anyway, the point of doing it early is that you can effectively get in another years worth of contributions 8k growing tax free is better than 4k growing tax free. go go compound interest!

Anyway, if you're interested, there's a good "fantasy mutual fund" site which is pretty much exactly that: you're given a fund with $1,000,000 and get to choose your stocks, have to comply with a few diversification rules, etc.

www.marketocracy.com

i'm currently at 122% return annualized, vs. 5% for the S&P 500 :)

dancer1983 February 10 2006, 03:02:12 UTC

where are you working? are you in nova now?