Campaign 2016 Part XIX: Escape from the Planet of Debates

[Kepler]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Well there you go. If I had your grasp on money matters I could afford to be a socialist, too!

That's why I follow experts' advice. On micro and macro.

[Wisko McBadgerton]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Does that sacrifice the pre-tax advantage? Or is this like a Rollover IRA?

Well there you go. If I had your grasp on money matters I could afford to be a socialist, too!

[Kepler]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

I accumulate funds in my 401k, but as soon as allowed by law I move the money over to my private portfolio manager. I get way better investment options and have beaten the 401k returns.

Does that sacrifice the pre-tax advantage? Or is this like a Rollover IRA?

[BassAle]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Kids, the first job you get put up whatever your company matches -- that is free pre-tax money and it's precious. If you start in your mid 20s you will be golden.

Since day 1, I've always put away 5-10% of my gross into my employer sponsored plan and maxed out any matching (going on 12 years now since I finished college and started my first real job). It was pretty painless to put away extra before having a kid, now I feel guilty if I don't put that into a college savings plan.

[Kepler]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

mookie don't do that in his 401k. allocation across funds is fine with him.

Wait. Then why use a brokerage account?

So confused...