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MT 29 - Spring has Sprung

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michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

Good afternoon!


 
Posted : February 22, 2017 8:16 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

Good afternoon.

I always love highly informational articles like this:

http://www.usatoday.com/story/money/personalfinance/retirement/2017/02/22/3-reasons-not-to-retire-before-66/98151808/

3 Reasons Not to Retire Before 66:

1. You'll reduce your Social Security benefits
2. You'll have a longer retirement to fund
3. You may get bored


 
Posted : February 22, 2017 8:24 am
Lee
 Lee
(@lee)
Posts: 9597
Illustrious Member
 

Didn't read the article but all three points are probably correct.


Everything in Moderation. Including Moderation.

 
Posted : February 22, 2017 9:09 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

I think my point is, the 1st two are obvious, at least they should be and the 3rd is just stupid or at minimum highly subjective.

I'm no financial expert but the people writing these articles these days sound like 23 year olds who are discovering what a 401K is for the 1st time (for example.)

Actual information seems to be lacking.


 
Posted : February 22, 2017 9:22 am
alanwoods
(@alanwoods)
Posts: 1053
Noble Member
 

I'll just use my SSI benefits to supplement my income as a gigolo at the old folks home.


 
Posted : February 22, 2017 9:47 am
michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

I'll just use my SSI benefits to supplement my income as a gigolo at the old folks home.

Tell us something we don't know.


 
Posted : February 22, 2017 10:21 am
aekdbmoid
(@aekdbmoid)
Posts: 1315
Noble Member
 

Ana Popovic sounded great last night. Cool

She didn't look too bad, either. 😛


 
Posted : February 22, 2017 10:27 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

She ain't the kind of girl Woods is referring to at the old folks home


 
Posted : February 22, 2017 10:34 am
oldcoot
(@oldcoot)
Posts: 4468
Famed Member
 

Good Afternoon Gigolos! Grin


"There is no mechanical problem so difficult that it cannot be solved by brute force and ignorance"

 
Posted : February 22, 2017 10:47 am
alanwoods
(@alanwoods)
Posts: 1053
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She ain't the kind of girl Woods is referring to at the old folks home

She tips well.


 
Posted : February 22, 2017 11:01 am
IPowrie
(@ipowrie)
Posts: 1875
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Afternoon

Am I doing the 401k right? I put in 15℅ a week.


 
Posted : February 22, 2017 11:52 am
IPowrie
(@ipowrie)
Posts: 1875
Noble Member
 

Got two floor tickets for Dropkick Murphys tomorrow for way under face.


 
Posted : February 22, 2017 11:54 am
IPowrie
(@ipowrie)
Posts: 1875
Noble Member
 

Got in a nice workout today. End up getting beer afterwards


 
Posted : February 22, 2017 12:38 pm
michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

Afternoon

Am I doing the 401k right? I put in 15℅ a week.

Better than me.


 
Posted : February 22, 2017 1:44 pm
michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

She ain't the kind of girl Woods is referring to at the old folks home

She tips well.

Got front row seats when she comes to my area. 😛


 
Posted : February 22, 2017 1:44 pm
oldcoot
(@oldcoot)
Posts: 4468
Famed Member
 

Got in a nice workout today. End up getting beer afterwards

12 ounce curls?


"There is no mechanical problem so difficult that it cannot be solved by brute force and ignorance"

 
Posted : February 22, 2017 1:45 pm
oldcoot
(@oldcoot)
Posts: 4468
Famed Member
 

Sio! Smile


"There is no mechanical problem so difficult that it cannot be solved by brute force and ignorance"

 
Posted : February 22, 2017 1:45 pm
oldcoot
(@oldcoot)
Posts: 4468
Famed Member
 

Did I hear this right?

Chris Christie throwing out the first pitch for the Phillies home opener???

😉 😛


"There is no mechanical problem so difficult that it cannot be solved by brute force and ignorance"

 
Posted : February 22, 2017 1:48 pm
michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

Did I hear this right?

Chris Christie throwing out the first pitch for the Phillies home opener???

😉 😛

No, he's going to be the first contestant in the Scott Boras/J.D. Drew "Can You Dodge a 9V?" Memorial Classic

[Edited on 2/23/2017 by michaelsio]


 
Posted : February 22, 2017 2:15 pm
Sang
 Sang
(@sang)
Posts: 5819
Illustrious Member
Topic starter
 

Afternoon

Am I doing the 401k right? I put in 15℅ a week.

If your company does some sort of match, make sure you are at least doing that much. The more you put away, the better off you will be at retirement....


 
Posted : February 22, 2017 5:10 pm
michaelsio
(@michaelsio)
Posts: 1205
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Good morning!


 
Posted : February 23, 2017 2:18 am
Lee
 Lee
(@lee)
Posts: 9597
Illustrious Member
 

Goooooooooooooooooooood 'ol Thursgay Morning!


Everything in Moderation. Including Moderation.

 
Posted : February 23, 2017 2:19 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

Good morning retirement fans !


 
Posted : February 23, 2017 2:23 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

Afternoon

Am I doing the 401k right? I put in 15℅ a week.

Is that 15 cents or 15 % ? ha, ha - my expert financial advice is going to say if it's the former, no that is not doing alright, that is unless you have already married or intend to marry a rich woman.


 
Posted : February 23, 2017 3:18 am
Lee
 Lee
(@lee)
Posts: 9597
Illustrious Member
 

Afternoon

Am I doing the 401k right? I put in 15℅ a week.

If your company does some sort of match, make sure you are at least doing that much. The more you put away, the better off you will be at retirement....

My first professional job was with a firm that was publicly traded so obviously there was stock available to anyone. I made $20k a year and it took every dime of that to pay my living costs.

But they gave us a 10% discount to buy the stock. So I would buy the stock (payroll deduction), turn around and sell it to a broker. Guaranteed 10% return on your money? Pretty good.


Everything in Moderation. Including Moderation.

 
Posted : February 23, 2017 3:45 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

Let's go to Colorado and smoke pot and ogle breasts !!

Who's with me ?

http://www.usatoday.com/story/news/nation-now/2017/02/22/judge-women-can-go-topless/98280372/


 
Posted : February 23, 2017 4:01 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

My company has an ESPP plan where through payroll deduction you can buy company stock with no restrictions on how long you have to hold it before selling, but the kicker is they do a match, very convoluted formula - but a year and a quarter later, they match 50% of what you bought.

Very strange formula as I said, but it is free money, yet there are many coworkers that don't do it, too complicated or maybe they are skeptical or whatever.

Last year it amounted to roughly $8k or $9k in match for me.


 
Posted : February 23, 2017 4:05 am
michaelsio
(@michaelsio)
Posts: 1205
Noble Member
 

My company has a 3% match on all the PowerBall tickets I buy, but they want 50% of the winnings.


 
Posted : February 23, 2017 5:01 am
heineken515
(@heineken515)
Posts: 2010
Noble Member
 

My company has a 3% match on all the PowerBall tickets I buy, but they want 50% of the winnings.

I realize that past performance is no predictor of future potential earnings, but - judging on my past (including last night) with tickets, this policy would work out in my favor.


 
Posted : February 23, 2017 5:07 am
Sang
 Sang
(@sang)
Posts: 5819
Illustrious Member
Topic starter
 

Good Morning....................... Grin


 
Posted : February 23, 2017 7:26 am
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