Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Not where I am. It probably varies company to company\plan to plan. I sell the trash immediately.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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To expand on your comment, getting your paycheck from and hanging your retirement hat on the same company is very risky. It's putting too many eggs in one basket. If the company goes out of...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Even at a 15% discounted rate, buying your employer's stock is too risky. You may want to reconsider that. Buying your own employer's stock is not a good financial idea.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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My understanding is you can't contribute to a traditional IRA if your employer offers a retirement program...therefore he would be ineligible and a Roth IRA would be his best choice.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Edit:Good point. Stocks are risky indeed make sure your company has a good history before comitting to a decision like the one I said.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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My company offers 401k matching at 100% up to 6% contribution. If I can afford to go up to 10%, should I go all 401k for the 10%? Or should I only contribute the maximum matching at 6% and invest...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Is there a scenario where a roth doesn't make sense after the employer price match? (sorry for the thread hijack)
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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The primary reason for investing in a Roth account is to take advantage of not having to pay taxes later. If you don't think taxes will be higher when you start to withdraw money or you don't think...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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everyone's situation is different. you have not supplied enough information for anyone to give a reasonable guess as to which direction to take. the best someone could do for you is to tell you the...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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If I'm at 28% tax bracket, single no dependents, how does that effect my contributions?
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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People typically have fewer deductions at retirement (no mortgage interest, no dependents, no business related deductions, etc.). In addition, some people expect taxes to go up no matter what bracket...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Assuming tax brackets won't change....I can all but guarantee that they will.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Not to continue the threadjack but I'm in a scenario where I think it makes sense to put 4% else where.
My company offers employee stock purchase plans at a 15% discounted rate. I'd rather the $70...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Your second option is your best option: Put 6% into your employer's 401(k) to pick up the full match, then put the remaining 4% in a Roth IRA at an ultra-low cost discount brokerage such as Vangard,...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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You pay taxes on a roth or traditional, it's just a matter of when. If I was in the 28 bracket and expected to be in a lower bracket when I retire then I would do a traditional. You get the tax...
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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.....Of course there is a time restriction on selling.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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This.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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Invest in depends, you will need them.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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How can anyone give an accurate answer without knowing his tax bracket?
No way I'd take advice from you guys.
Need advice on where to invest for retirement
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Thread created 01-30-2013 by slickdude99
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I would agree with this except that if they are giving you a guaranteed 15% discount, I do not see why you would not want to take it unless they restrict you from selling it immediately. Where else...
