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Trump for prez?
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<blockquote data-quote="TacomaJD" data-source="post: 671839" data-attributes="member: 1780"><p>Not really concerned about my 401k or hardcore relying on it like some people do. It's just there for when I get old or to draw out with penalty before I get old if I need it, and to reap the benefits of company matching. My company matches 100% of up to 6% of my check, so I put in 6% and let it ride. A couple years ago I swapped over from stable value fund, which is pretty much like a safe savings account, with little to no gains/losses, to one of the premix investment options set up through Siemens / Aon Hewitt. I put it in the lifecycle 2050 premix, like I plan to retire in 2050, more aggressive investment distribution, but has done well since I swapped it. Already gained $6500 this year alone, but it is susceptible to loss as well if the market does go bust. </p><p></p><p>Some people I work with put the maximum amount in their 401k, I mean like 15-20%. Like yeah, it's gonna be nice to be rich when I am old enough to draw it out (59.5 yrs old). That's crazy to sacrifice that much of your check now to me....you might not make it 59.5! In the meantime, I am beginning to invest in rental properties (investing in human needs). I am currently renting my old house out and the wife inherited one of her dad's rental properties last year when he passed away. Also inherited the picky tenants and a shitload of house problems too (electrical, structural, plumbing, flooring, etc), but they pay on time every month and that has pretty much been covering all expenses on upgrading and replacing said problems. Stresses the wife out, but it doesn't bother me. I actually enjoy it, so I plan on investing in more rental units, probably moreso after college. With the amount of problems with that one house, mowing the 3 or 4 yards that I have to mow, working full time, and school part time, I don't have a lot of free time left. I'd like to acquire enough properties on down the road to where I have to find a trustworthy property management company to manage them for me to keep my time freed up, but paying them to manage means less profitability, which means you need more property/revenues to make out good on it that way.</p></blockquote><p></p>
[QUOTE="TacomaJD, post: 671839, member: 1780"] Not really concerned about my 401k or hardcore relying on it like some people do. It's just there for when I get old or to draw out with penalty before I get old if I need it, and to reap the benefits of company matching. My company matches 100% of up to 6% of my check, so I put in 6% and let it ride. A couple years ago I swapped over from stable value fund, which is pretty much like a safe savings account, with little to no gains/losses, to one of the premix investment options set up through Siemens / Aon Hewitt. I put it in the lifecycle 2050 premix, like I plan to retire in 2050, more aggressive investment distribution, but has done well since I swapped it. Already gained $6500 this year alone, but it is susceptible to loss as well if the market does go bust. Some people I work with put the maximum amount in their 401k, I mean like 15-20%. Like yeah, it's gonna be nice to be rich when I am old enough to draw it out (59.5 yrs old). That's crazy to sacrifice that much of your check now to me....you might not make it 59.5! In the meantime, I am beginning to invest in rental properties (investing in human needs). I am currently renting my old house out and the wife inherited one of her dad's rental properties last year when he passed away. Also inherited the picky tenants and a shitload of house problems too (electrical, structural, plumbing, flooring, etc), but they pay on time every month and that has pretty much been covering all expenses on upgrading and replacing said problems. Stresses the wife out, but it doesn't bother me. I actually enjoy it, so I plan on investing in more rental units, probably moreso after college. With the amount of problems with that one house, mowing the 3 or 4 yards that I have to mow, working full time, and school part time, I don't have a lot of free time left. I'd like to acquire enough properties on down the road to where I have to find a trustworthy property management company to manage them for me to keep my time freed up, but paying them to manage means less profitability, which means you need more property/revenues to make out good on it that way. [/QUOTE]
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