|
12-23-2018, 11:26 AM | #2551 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-41532
|
I hate debt; It feels like a huge weight youre under and stresses me a bit. From a strict numbers perspective it probably depends on the rates on your loans.
Either way, congrats. It's a lot of money to pay back but seems to have provided you with a great career. |
Posts: 6,427
|
12-23-2018, 11:29 AM | #2552 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1194064
|
Those fed loans are a real pain in the ass at 7.2 percent.
I went them a private bank and re did them once I had my office paid for and got the rate a lot lower. |
Posts: 82,809
|
12-23-2018, 02:13 PM | #2553 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
|
Quote:
Quote:
And this is basically it. Don't pass up any free money so do the minimum contribution to get all the free money, so 5%. After that, tackle debt. If you have any credit card debt, I'd start there. After that, work on the student loans and possibly refinancing them to a lower rate if you're able (not sure what you're paying). I had $60k debt after my schooling so I only contributed 4-6% to my 401k (to get the entire free match) until I paid off my student loans last year. Now I do 12% to my 401k and it's barely noticeable out of my take-home with the loans now gone, even leaving money left over to contribute to a ROTH IRA each month. Hopefully your employer offers cost effective index funds for your retirement plan. I am invested in only Index funds alone in my 401k (Large, small and foreign). Many companies finally offer low cost index funds, but there are still some hold-overs of employers who offer expensive and less than ideal retirement funds. Let us know your choices when you get that info.
__________________
2024 Royals game thread record 3-0 |
||
Posts: 46,133
|
12-24-2018, 12:31 PM | #2554 |
Champs!
Join Date: Mar 2004
Location: Kansas City
Casino cash: $4858476
|
Ugh. Definitely a Bear market.
I feel bad for the folks who are about to be retiring. Thank god my father retired just in time.
__________________
Super Bowl IV, LIV, LVII & LVIII Champions 2020, 2021, 2023, & 2024 AFC Champions 1985 & 2015 Major League Baseball World Series Champions 1980, 1985, 2014, & 2015 Major League Baseball American League Champions 2015 American League Central Division Champs |
Posts: 54,043
|
12-26-2018, 03:59 PM | #2555 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
|
I wish every day could be like today.
If we had 26 straight days like today, I could retire at my current quality of life. If we has 40 straight days like today, I'd live a life of leisure and semi-luxury. If we had a year of days like this, I'd buy the Chiefs and make fun of Bill Gates' cheap wardrobe.
__________________
Active fan of the greatest team in NFL history. Last edited by Rain Man; 12-26-2018 at 04:06 PM.. |
Posts: 143,122
|
12-26-2018, 04:04 PM | #2556 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $10179646
|
|
Posts: 23,109
|
12-26-2018, 06:05 PM | #2557 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-29523
|
Quote:
|
|
Posts: 40,645
|
12-26-2018, 06:22 PM | #2558 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
|
Quote:
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
|
Posts: 52,657
|
12-26-2018, 07:46 PM | #2559 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
|
Quote:
For now if I want to make extra money, I'm doing the hourly therapy gig at a different building if they need help. Since it's PRN work, the pay is very good and I just tell them how many hours I can help on that day. Like tomorrow I'll go down the road to a different facility for about 90 minutes of work after my normal job. For me right now, time is money, so if I am going to do something outside of work, I want it to pay well. But I do understand the thought of doing something totally unrelated for a second job and how that can be rewarding as well. You never know what the future may bring!
__________________
2024 Royals game thread record 3-0 |
|
Posts: 46,133
|
12-26-2018, 10:44 PM | #2560 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
|
Quote:
CPA = Certified Public Accountant CFP = Certified Financial Planner The similarities end with requiring certification and continuing education, the similarities pretty much end there. Becoming a full on CFP would be a massive undertaking. Meaning He would have to take a ****load of courses, the exam, and work under a CFP for a really long time. This would be a full on career change. That being said, many "financial planners" aren't certified. Most ****nuts Series 5, 6, or 7 certifications so they can sell bullshit ass products for bullshit ass companies. I don't know if there are any other certifications out there, but I wouldn't recommend going the full CFP route. https://www.cfp.net/become-a-cfp-pro...n-requirements |
|
Posts: 58,002
|
12-27-2018, 07:44 PM | #2561 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
|
Quote:
Crushing my dreams! Yea, no more school for me ever. Spent too many years there to go back for anything.
__________________
2024 Royals game thread record 3-0 |
|
Posts: 46,133
|
12-27-2018, 07:51 PM | #2562 |
Banned
Join Date: Dec 2018
Casino cash: $10000400
|
anyone buy weed?
|
Posts: 137
|
01-02-2019, 08:38 PM | #2563 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-41532
|
Initiated my IRA transfer tonight. Thanks for the heads up Cook about Apple before I deposited. I might DCA in this year a bit.
|
Posts: 6,427
|
01-02-2019, 08:48 PM | #2564 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
|
Well, I ended that year down 5.8 percent. But before you laugh at me, I apparently beat the S&P 500.
__________________
Active fan of the greatest team in NFL history. |
Posts: 143,122
|
01-02-2019, 09:21 PM | #2565 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1406869
|
Quote:
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
|
Posts: 44,171
|
|
|