~$5000

Personal Rate of Return from 01/01/2008 to 07/16/2008 is -11.4%

7/17/2008 1:25:23 PM

nothin.

7/17/2008 1:28:45 PM

Nothing

Still haven't gotten around to fucking with that, my IRA or any of that nonsense

all my money goes straight back into the market

But as the Gza would say, I need to diversify my bonds, nigga

7/17/2008 1:31:28 PM

Quote :

"all my money goes straight back into the market"

where exactly do you think 401k and roth investments go? a big magical cloud?


you're shooting yourself in the feet by not taking advantage of tax-advantaged accounts.

7/17/2008 1:34:04 PM

401k

7/17/2008 1:35:24 PM

^^mine does

7/17/2008 1:35:44 PM

not as much as I had in there a year ago

7/17/2008 1:36:17 PM

The way I see it

I'm only 23

I work at a hedge fund

I trust the people here to invest my money more than a big public company

7/17/2008 1:36:29 PM

Quote :

"Personal Rate of Return from 01/01/2008 to 07/16/2008 is -11.4% "

I know the feeling I had something like a -9% on my last statement.

7/17/2008 1:36:58 PM

for the record, i would never borrow money from my retirement

7/17/2008 1:37:27 PM

my last statement had it somewhere around 20k, but that was for my last job which I have been out of for 2 years. My current job offers a pension and I'm not sure how much is in there

7/17/2008 1:46:25 PM

0.0

7/17/2008 1:46:55 PM

damnit, i have this at my job but i keep putting off really looking into it

7/17/2008 1:48:47 PM

401, k?

7/17/2008 1:49:35 PM

graduated in december, couldn't start it at my job until July 1
6 months rolled around, time to set it up

I put in 385 bucks from my first paycheck (its like 10k a year that way)

but the income-reduction cause of pre-tax decrease in pay got me back like 110 dollars.

$385 for $270 ftw.
(yes, I know I eventually pay taxes on it when I'm an old bastard)

7/17/2008 1:56:02 PM

Quote :

"all my money goes straight back into the market"

i know right

Quote :

"But as the Gza would say, I need to diversify my bonds, nigga"

well said sir

7/17/2008 1:59:14 PM

$70kish

7/17/2008 2:01:33 PM

i don't have a 401K at my office...

but my work contributes the equivalent of 8% of our salary to a retirement fund yearly and i'm fully vested...


i had 401K at my part time college job....but i didn't roll the money over into an IRA by the deadline....so it was taxed....however...I matched the difference from my personal account and opened an IRA which I do not contribute to since some of it would be tax deferred and some of it wouldn't....


i also have a life insurance policy that operates like a retirement plan....I contribute $271 a month to it until the age of 50....if I die it's worth $250,000 at any point....however...I can withdraw it at any time for the cash value....at age 50 the cash value will be something like $75K...it will keep growing from there even though I don't contribute anymore....at age 70 the cash value will be the full $250,000....

7/17/2008 2:31:29 PM

$0 *sigh* i don't want to think about these things, besides pensions are better.

7/17/2008 2:35:50 PM

) - my employer doesn't do matching contributions so fuck it

7/17/2008 2:38:17 PM

no 401k since i work for a non-profit. i do get a 403b and contribute about 15% of my salary to it. my company also puts 10% of my salary into a 401a pension without any contribution required on my behalf

7/17/2008 2:38:26 PM

^that's what I have too, but they only match 8% after working here for 1 year.

7/17/2008 2:39:50 PM

$6K, I wouldn't dream of touching it, it's one of the only things that convinces me I'm not a functional retard when it comes to money

7/17/2008 2:39:51 PM

^^ they started contributing as soon as I started working, and become fully vested after only 1 year

7/17/2008 2:40:48 PM

10k

tww is ld

[Edited on July 17, 2008 at 2:41 PM. Reason : .]

7/17/2008 2:40:54 PM

i can't find my last retirement fund statement...

but i'm going to guess it's close to $20K

7/17/2008 2:46:23 PM

yeah but you got a couple yrs on meeee

7/17/2008 2:48:19 PM

haha....tr00



[Edited on July 17, 2008 at 2:51 PM. Reason : sdaf]

7/17/2008 2:50:48 PM

I'm jealous, WillisBWhite

7/17/2008 2:51:30 PM

all i know is that some man would be wise to marry me and convince me to leave him everything and then kill me before i have any kids

7/17/2008 2:52:09 PM

401K? fuck that shit I put it all in jars and bury em in my yard, after them der banks melt down we will see who is laughing

7/17/2008 2:53:12 PM

Quote :

"I'm jealous, WillisBWhite "

Yeah, but at least you don't have to live in Knoxville

7/17/2008 3:27:10 PM

$9.5k I think... but lost a couple hundred in the last month or so. Employer matches, but only to 3%. It's lame, but based on performance this year, I'm debating dropping my contribution down to the same 3% and doing something else with the money.

The numbers have worked out so that I'd be better dropping after tax money into a money market than pre tax money into the IRA.

How lame is that? A 10% match sounds pretty good though, any chance you guys have a Raleigh office?

7/17/2008 3:35:02 PM

No, but they do have an office in Charlotte.

7/17/2008 3:39:51 PM

$225,000....oh yeah!

7/17/2008 4:15:03 PM

damn i hope i have that when i'm 30

7/17/2008 4:21:12 PM

THE POWER OF COMPOUNDING

7/17/2008 4:25:41 PM

10,300

7/17/2008 4:27:25 PM

$36k is good for 2 years

7/17/2008 7:19:47 PM

a lot.

7/17/2008 7:20:26 PM

$20k right now, not bad for 2.5 years

planning on doing the max ($15k) starting next year and not stopping

the roth has been maxed 3 years running, i max that bitch in jan every year for that year (not the previous)

gonna be a multi millionaire, which wont be as special anymore

anyone who has a 401k plan offered at work and is not contributing is an idiot. especially if there is an employer match. pick up an investment book that puts everything into simple terms and stop being scared.

the max for roths is only about $5k a year and you can contribute until april for the previous year.

get with the program!!!

7/17/2008 7:34:20 PM

not enough..

7/17/2008 7:35:34 PM

more like 403b

:-/

7/17/2008 7:36:52 PM

company matches up to 6%

I'm only an intern right now but I put in 6% of my paycheck to 401k

I have $800 in two months

7/17/2008 7:38:28 PM

if i was seeing someone and found out they werent contributing to any retirement accounts, i'd tell them to get their shit together and give me a call. no excuse for that shit once you have a job.

it takes 5min to sign up for it and you can adjust your contributions anytime you want, usually online

look at me getting all worked up over retirement

7/17/2008 7:39:14 PM

A crapload. I think after my third year here it will be around $5000.

7/17/2008 7:41:02 PM

a crapload? thats like $32 a week or something lol

7/17/2008 7:45:18 PM

5k after 3 years isn't that great

7/17/2008 7:46:40 PM

i didn't read the thread, but 401k usually equals 50% or 100% immediate return on investment via employee match. It don't get any better than that.

7/17/2008 7:48:29 PM

i am not even going to look, that is money i will not need for a long time....i have a rainy day fund so I shouldnt need that...no reason to stress over it now, now if I was 55 I might be worried...closer to retirement I am going to switch it all the more conservative stuff.

7/17/2008 7:49:10 PM