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educate me 401-k

  1. #976
    Super Moderator TheIglu's Avatar
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    Re: educate me 401-k

    Not wanting to be underwater again.


    Also, the possibility of going to a single income household while our kid is still in her younger years. With no mortgage to pay, either I, or my wife, won't have to work anymore. If it's me not working, I could pick up contract gigs during the school year for extra fun money and all three of us could do whatever we wanted all summer long since she's a teacher.


    Once again, the cost of freedom was a large consideration.

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    Last edited by TheIglu; 05-11-18 at 11:32 AM.
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  2. #977
    Soul Rider Paul_E_D's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by TheIglu View Post
    Not wanting to be underwater again.


    Also, the possibility of going to a single income household while our kid is still in her younger years. With no mortgage to pay, either I, or my wife, won't have to work anymore. If it's me not working, I could pick up contract gigs during the school year for extra fun money and all three of us could do whatever we wanted all summer long since she's a teacher.


    Once again, the cost of freedom was a large consideration.
    If you can pull that off, it would be worth it. My father did that when I was younger and we traveled the entire country, canada and mexico. Best gift he ever gave us.

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  3. #978
    Your Father csmutty's Avatar
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    Re: educate me 401-k

    I refid to a 13.5 year because of the difference in interest rates. Looking back on it now not sure it was worth it instead of refinancing to a 30 with a higher rate. Meh hindsight is 20/20.

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  4. #979
    Lifer gixxer72's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by TheIglu View Post
    Not wanting to be underwater again.


    Also, the possibility of going to a single income household while our kid is still in her younger years. With no mortgage to pay, either I, or my wife, won't have to work anymore. If it's me not working, I could pick up contract gigs during the school year for extra fun money and all three of us could do whatever we wanted all summer long since she's a teacher.


    Once again, the cost of freedom was a large consideration.
    Impossible to assign a dollar value to time spent with your children, it’s priceless. Solid plan you’ve got going.

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  5. #980
    Super Moderator TheIglu's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by csmutty View Post
    I refid to a 13.5 year because of the difference in interest rates. Looking back on it now not sure it was worth it instead of refinancing to a 30 with a higher rate. Meh hindsight is 20/20.
    Sure, safe, defined amount saved vs "potential" depending on market rate of return. It's less risk, but less potential of return. That's all.

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  6. #981
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by TheIglu View Post
    Remember, I'm also 3/4 of the way through a 10 year mortgage, with a large addition rolled in.
    Yeah, so you're two and a half years away from being able to SLASH your expenses and thus required stash to live. Another reason why it's ludicrous to consider your income when figuring a target nest-egg.

    I guess that's an argument for including your net home value. I've got like 10-12 left on mine, plus/minus the roof I'm about to finance in. So you are way ahead of me there.

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  7. #982
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by TheIglu View Post
    ..all three of us could do whatever we wanted all summer long since she's a teacher.
    So, I'm in Moab, UT this week. We were at Arches the other day, Canyon Lands. (4 year old of the house keeps calling it 'candylands') Hitting up Zion and a few others before flying back to reality. Walking around a National Park drives home how much I want to do this as well.

    In related news, move west. Seriously, just do it. It's amazeballs out here and everything is so cheap. Nothing rusts out. So bizarre. There are 1st gen tacomas everywhere.

    And you people with the adventure vans. Get out here. Your people are here.. en masse!

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    Last edited by nhbubba; 05-12-18 at 07:59 AM.

  8. #983

    Re: educate me 401-k

    Aww yeah trying to get Memorial Day weekend covered to see Moab, Zion, and some spots in NV...I will bring a dirty

    Ya just do it at least visit once in a lifetime the rest of ya nesrardtards

    Peeps all got different ideas on what makes ya happy...financially independent by early 30’s with a kid sounds like an excellent way to spend the time with the kid

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  9. #984
    Lifer Chippertheripper's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by nhbubba View Post
    So, I'm in Moab, UT this week. We were at Arches the other day, Canyon Lands. (4 year old of the house keeps calling it 'candylands') Hitting up Zion and a few others before flying back to reality. Walking around a National Park drives home how much I want to do this as well.

    In related news, move west. Seriously, just do it. It's amazeballs out here and everything is so cheap. Nothing rusts out. So bizarre. There are 1st gen tacomas everywhere.

    And you people with the adventure lands. Get out here. Your people are here.. en masse!
    in exactly 16yrs and 3 months I'll be making my home near there, somewhere surrounded by ponderosa pines.

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  10. #985
    Backwoods lobster boy number9's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by nhbubba View Post
    So, I'm in Moab, UT this week. We were at Arches the other day, Canyon Lands. (4 year old of the house keeps calling it 'candylands') Hitting up Zion and a few others before flying back to reality. Walking around a National Park drives home how much I want to do this as well.

    In related news, move west. Seriously, just do it. It's amazeballs out here and everything is so cheap. Nothing rusts out. So bizarre. There are 1st gen tacomas everywhere.

    And you people with the adventure vans. Get out here. Your people are here.. en masse!
    These are a couple of friends of mine, living the van life out west: https://www.instagram.com/alpinemargarita/

    I'm not into rock climbing at all but the scenery is just amazing.

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  11. #986
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    Yeah yeah yeah. #vanlife
    I wonder how their 401k's are doing..

    The vans are everywhere out here though. Everything from old shitbox E150's with "custom" hippie paint to luxed out sportsmobile builds on 4x4 Sprinters. Refreshing to see lots of them instead of the massive class-As. Although it's still early in the season I guess. Or maybe we're just looking in all the wrong places.

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  12. #987
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    Re: educate me 401-k

    I did a lot of research and spoke to people we know there, and it seems the general opinion is that unless you're Mormon, Utah is not an entirely comfortable place to live. It's too bad, because I love vacationing out there. We've just started a tour of potential retirement spots - Ashville was first. We're headed to Fort Collins / Boulder / Golden in June.

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  13. #988
    Lifer gixxer72's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by Bonk! View Post
    I did a lot of research and spoke to people we know there, and it seems the general opinion is that unless you're Mormon, Utah is not an entirely comfortable place to live. It's too bad, because I love vacationing out there. We've just started a tour of potential retirement spots - Ashville was first. We're headed to Fort Collins / Boulder / Golden in June.
    Same thing in parts of Idaho. Sister wives...

    Two weeks ago I spent the week in Phoenix/west valley area. Amazing spot.
    Spent this past week in Atlanta/Alpharetta. Loads of money and opportunity, but attitudes there suck almost as bad as New England. Fuck that.

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  14. #989
    Soul Rider Paul_E_D's Avatar
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    Re: educate me 401-k

    I wish the stock market would take a breather. I need to shuffle some cash into the market, but geeze. I guess I'm doomed to buy high and sell low. LOL

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  15. #990
    Super Moderator TheIglu's Avatar
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    Re: educate me 401-k

    Small Cap stuff still hasn't benefited from the big gains. There is a chance that they will rise in a "trickle down" effect. That's one place you could get a foothold.

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  16. #991
    Soul Rider Paul_E_D's Avatar
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    Re: educate me 401-k

    Yeah, I could also sit on it for a while longer. I guess the question is do I try to time the market, or just go in regardless?

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  17. #992
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    Dollar cost average? Drop 1/12th, 1x per month over the next year?

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  18. #993
    Lifer obsolete's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by Chippertheripper View Post
    in exactly 16yrs and 3 months I'll be making my home near there, somewhere surrounded by ponderosa pines.
    I was just saying in 18 I may be in CO...

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  19. #994
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    I hear the Denver and boulder areas are pretty played. Fracking fucking up water from Longmont through ft Collins.

    We’re wondering about Pueblo and points south. Probably our next trip. Or maybe Montana & Idaho.

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  20. #995
    Burns retinas nhbubba's Avatar
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    Re: educate me 401-k

    Heard it guy use the term “fuck you money” today in general conversation. Cool to hear these concepts gaining some attention.

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  21. #996
    Lifer Imbeek's Avatar
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    Re: educate me 401-k

    Quote Originally Posted by nhbubba View Post
    Heard it guy use the term “fuck you money” today in general conversation. Cool to hear these concepts gaining some attention.
    Howard Stern used the term liberally in the 90’s, while broadcasting to millions. In that context, it wasn’t meant to indicate any perserverance or intelligence in amassing wealth; it would be used equally in describing lottery winners, trust fund babies, etc.

    My point is, if overheard in conversation, l’d guess a good chance that the source could be somewhere other than financial planning study...

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  22. #997
    Super Moderator TheIglu's Avatar
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    Re: educate me 401-k

    Especially if it's an "it" guy. Those guys are nowhere as bright as IT guys, and that's not a very high bar.

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  23. #998

    Re: educate me 401-k

    still want it! Still don’t have it...

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