Fogel
Mr. Poopybutthole
- 13,738
- 55,566
Reverse 4 to 1 stock split, so no change in value essentially. Looks like its been trading sideways for decades so I'd cut bait
- 1
Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Big Phoenix
Pronouns: zie/zhem/zer
- 47,192
- 101,272
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
So what's wrong with Americans and retirement? The guy writing the book on why we are so bad at it is an idiot. I mean economist. Same thing. Since 25% of Americans eligible for 401ks don't invest and many that do don't even hit the employer match then the 401k "experiment" has failed.
money.yahoo.com
Economist: ‘Retirement for most people is financial suicide’
Laurence Kotlikoff, author of “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life," shares his advice for retirement planning.
- 2
Captain Suave
Caesar si viveret, ad remum dareris.
- 5,517
- 9,464
We got screwed this year because so few people at my wife's company participated in the 401k that the plan failed the non-discrimination test and our contributions were returned. Argh.
- 5
- 1
- 31,790
- 24,452
The first 3 years I was making 'real' money at my second-shift-in-hell job, I was working an average of 75 hours a week and didn't contribute to my 401k because I had no time to even have rational thoughts and step through the process of setting it all up. I gave the government so much free money in those 3 years, and it really sucks, I could be much closer to retirement if I had contributed the maximum during those years and I would not actually have that much less money in the bank.So what's wrong with Americans and retirement? The guy writing the book on why we are so bad at it is an idiot. I mean economist. Same thing. Since 25% of Americans eligible for 401ks don't invest and many that do don't even hit the employer match then the 401k "experiment" has failed.
Economist: ‘Retirement for most people is financial suicide’
Laurence Kotlikoff, author of “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life," shares his advice for retirement planning.
A law that would actually help young people, or even older people entering their prime earning years, would be letting people retroactively contribute to their 401k limits up to 3 years. Young people especially have no idea how much money they're going to make/need in the first few years once they settle into a real career, get settled into a real living situation, etc. That said, because such a law would actually help people, it is never going to happen.
- 6
Captain Suave
Caesar si viveret, ad remum dareris.
- 5,517
- 9,464
One of the best things my dad did for me was help me set up an IRA at 16 and lean on me to put away a significant portion of my lawn mowing money. Hard to understate the power of 30 years compounding.
- 5
- 2
- 1
Big Phoenix
Pronouns: zie/zhem/zer
- 47,192
- 101,272
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Also - Dont forget you can set up custodial accounts for your kids. They gain control of them when they turn 18-21 depending on the State. With luck they forget about them and that money in indexes grows for 40 or 50 years. Alternatively, its enough for them to put down on their first house. All my daughters relatives know about it and they put money in for her birthdays.
- 3
- 1
Jysin
Ahn'Qiraj Raider
- 6,586
- 4,600
My son was born March 2020. I dropped $1k into a custodial account on SPY (priced on his birthday). Hopefully that can show him what compound interest can do at some point down the line. Timing was pretty darn good for the dip buy!
- 5
- 3
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Since Sept AMD has bounced off the $100 price 8 times. Past performance blah, blah, blah...
- 2
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,171
- 128,157
Me when I read in /pol that owning 10% of a $40b market cap company isn't a "big deal" and doesn't really have any impact...
