What kind of retirement plan do you guys have?

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  • grease lightnin
    SBR Posting Legend
    • 10-01-12
    • 16015

    #36
    Originally posted by chico2663
    2 different 401k's, sep and little property. Don't trust govt to get roth. I believe when time comes they will change rules.

    Chico, if they did, it would be for future contributions. Not what is already in there
    Comment
    • brooks85
      SBR Aristocracy
      • 01-05-09
      • 44709

      #37
      Originally posted by grease lightnin
      Buy it up moron.

      You had no idea it is down 50% over the last couple months until I just told you they are in trouble.
      lol you are a desperate idiot... yeah had no idea what was going on with GE... even though it was all over the news...


      you are truly a desperate moron grease, I mean that sincerely. Same idiot who can't even read a stock chart.
      Comment
      • brooks85
        SBR Aristocracy
        • 01-05-09
        • 44709

        #38
        Originally posted by grease lightnin
        Chico, if they did, it would be for future contributions. Not what is already in there
        - a bag holder
        Comment
        • pilebuck13
          SBR Posting Legend
          • 05-15-15
          • 17916

          #39
          Union or government best retirement plan
          Comment
          • grease lightnin
            SBR Posting Legend
            • 10-01-12
            • 16015

            #40
            Brokks says buy GE, gold and silver, and bury it in your back yard under the pig shit.

            You have no business giving financial advice to anyone. Seriously
            Comment
            • brooks85
              SBR Aristocracy
              • 01-05-09
              • 44709

              #41
              Originally posted by grease lightnin
              Brokks says buy GE, gold and silver, and bury it in your back yard under the pigs hit.

              You our have no business giving financial advice to anyone. Seriously
              says the moron who made the dumbest bet in history on brexit. The same moron who couldn't read a stock chart, then lied about the stock chart after admitting it DID in fact contain 2 healthcare etfs. You're doing great grease!



              it is really hilarious how you don't realize you're a joke to the forum lol
              Comment
              • USCPHILLYGUY
                SBR Posting Legend
                • 12-15-12
                • 21744

                #42
                Greaser what's this e battle you're having with brooks? Don't think Ive notice this in the past
                Comment
                • brooks85
                  SBR Aristocracy
                  • 01-05-09
                  • 44709

                  #43
                  and lets not forgot my all time favorite grease is an idiot moment. When talking about the unfunded liabilities and insurmountable debt issues the country faces his solution is; hope.


                  must be fun to think like a child all day
                  Comment
                  • grease lightnin
                    SBR Posting Legend
                    • 10-01-12
                    • 16015

                    #44
                    Originally posted by brooks85


                    it is really hilarious how you don't realize you're a joke to the forum lol




                    O the irony

                    Comment
                    • sweethook
                      SBR Posting Legend
                      • 11-21-07
                      • 12667

                      #45
                      gaming and S S.
                      Comment
                      • brooks85
                        SBR Aristocracy
                        • 01-05-09
                        • 44709

                        #46
                        Originally posted by USCPHILLYGUY
                        Greaser what's this e battle you're having with brooks? Don't think Ive notice this in the past
                        very simple, grease has TDS and I've embarrassed him a bunch of times on here. He is just bitter.
                        Comment
                        • grease lightnin
                          SBR Posting Legend
                          • 10-01-12
                          • 16015

                          #47
                          Originally posted by USCPHILLYGUY
                          Greaser what's this e battle you're having with brooks? Don't think Ive notice this in the past


                          Philly it has been going on for a long time.

                          Brooks is the worst troll that has ever graced the internet
                          Comment
                          • brooks85
                            SBR Aristocracy
                            • 01-05-09
                            • 44709

                            #48
                            Originally posted by grease lightnin
                            O the irony
                            you need a dictionary if you want to use the word properly. You don't care about anything else being factual or accurate so I'm sure you won't bother again.
                            Comment
                            • brooks85
                              SBR Aristocracy
                              • 01-05-09
                              • 44709

                              #49
                              Originally posted by grease lightnin
                              Philly it has been going on for a long time.

                              Brooks is the worst troll that has ever graced the internet
                              lol notice the empty reasoning when the facts are the facts. Grease is upset because I've made him a fool for years now. I suckered him into one of the dumbest bets in history, I proved he is an emotional child when it comes to trump. This very thread he proves it, says I don't know about GE... even though I have CNBC all day haha


                              grease is a kid raising 4 kids, nothing more.
                              Comment
                              • JMobile
                                SBR Posting Legend
                                • 08-21-10
                                • 19070

                                #50
                                Originally posted by grease lightnin
                                Jmobile are you self employed?
                                Nope.
                                Comment
                                • grease lightnin
                                  SBR Posting Legend
                                  • 10-01-12
                                  • 16015

                                  #51
                                  Originally posted by JMobile
                                  Nope.


                                  Do you have access to a retirement plan through your employer, and if so, do they offer a match?
                                  Comment
                                  • Shute
                                    SBR Posting Legend
                                    • 03-20-17
                                    • 11835

                                    #52
                                    Always make employer match as much as they are required. It’s free money.
                                    Always. Always. Always.
                                    Comment
                                    • Shute
                                      SBR Posting Legend
                                      • 03-20-17
                                      • 11835

                                      #53
                                      You accomplish this by saving as much as you are allowed by law, then employer is required by law to contribute their amount.
                                      That’s step 1.
                                      Comment
                                      • TheMoneyShot
                                        BARRELED IN @ SBR!
                                        • 02-14-07
                                        • 28672

                                        #54
                                        Is there any type of mutual fund or return on your money... in which you could make monthly deposits.... and get a decent return on your money... have access to it by retirement age... but it's not linked to your employer? Do you guys get what I'm saying?
                                        Comment
                                        • brooks85
                                          SBR Aristocracy
                                          • 01-05-09
                                          • 44709

                                          #55
                                          Originally posted by chico2663
                                          2 different 401k's, sep and little property. Don't trust govt to get roth. I believe when time comes they will change rules.
                                          now that grease has got his uncontrollable emotions out of the way you can focus on something very telling here imo


                                          chico and I never agree on anything mainly because he is anti-american and desperately wants this country to become hispanic but thinks he is being sly about. So the fact we agree on this should be very telling especially compared to proven suckers like grease whose solution for debt problem is, and I quote; "hope"





                                          choose wisely who to listen to.
                                          Comment
                                          • grease lightnin
                                            SBR Posting Legend
                                            • 10-01-12
                                            • 16015

                                            #56
                                            Originally posted by TheMoneyShot
                                            Is there any type of mutual fund or return on your money... in which you could make monthly deposits.... and get a decent return on your money... have access to it by retirement age... but it's not linked to your employer? Do you guys get what I'm saying?

                                            Yes.

                                            Google Roth IRA

                                            Vanguard, Fidelity, Charles Schwab, etc.
                                            Comment
                                            • Shute
                                              SBR Posting Legend
                                              • 03-20-17
                                              • 11835

                                              #57
                                              Originally posted by TheMoneyShot
                                              Is there any type of mutual fund or return on your money... in which you could make monthly deposits.... and get a decent return on your money... have access to it by retirement age... but it's not linked to your employer? Do you guys get what I'm saying?
                                              SEP?
                                              Problem is there are sooo many regulations and laws. I believe I have funded every type of plan over the years. It’s more complicated than the tax laws.
                                              Comment
                                              • Shute
                                                SBR Posting Legend
                                                • 03-20-17
                                                • 11835

                                                #58
                                                It’s very simple if you are an employee.
                                                If you are self employed, employee, business associate, etc etc then it’s impossible to keep tract
                                                Comment
                                                • stealthyburrito
                                                  SBR Posting Legend
                                                  • 05-12-09
                                                  • 21562

                                                  #59
                                                  401(k) through work - contribute 6%, company matches + 10% of salary annually.
                                                  Comment
                                                  • franklee168
                                                    SBR Hall of Famer
                                                    • 03-06-11
                                                    • 5544

                                                    #60
                                                    Originally posted by grease lightnin
                                                    GE???????

                                                    And brooks is right behind you
                                                    Definitely on the down side. Loss about 140k in value. Luckily I got it early. The word of the day is diversify.
                                                    Comment
                                                    • greenhippo
                                                      SBR Hall of Famer
                                                      • 02-15-12
                                                      • 9091

                                                      #61
                                                      Government pension and Roth IRA on the side, I feel pretty confident.
                                                      Comment
                                                      • Shute
                                                        SBR Posting Legend
                                                        • 03-20-17
                                                        • 11835

                                                        #62
                                                        Pers??
                                                        Comment
                                                        • JMobile
                                                          SBR Posting Legend
                                                          • 08-21-10
                                                          • 19070

                                                          #63
                                                          Originally posted by grease lightnin
                                                          Yes.

                                                          Google Roth IRA

                                                          Vanguard, Fidelity, Charles Schwab, etc.
                                                          Roth IRA with a good rate. Roth, get tax now instead of later when trying to pull out. Am I right guys?
                                                          Comment
                                                          • jjgold
                                                            SBR Aristocracy
                                                            • 07-20-05
                                                            • 388189

                                                            #64
                                                            If you’re asking here you’re in a lot of trouble go ask your employer
                                                            Comment
                                                            • Harry N. Lloyd
                                                              SBR MVP
                                                              • 03-26-08
                                                              • 4810

                                                              #65
                                                              Listen to me and listen closely. A Roth IRA. Put as much in as you are allowed each year. I recommend these low-commission index funds.....

                                                              ITA, invests in defense industry (If you don't see war coming, you're not paying attention) -- 40%

                                                              ROBO, invests in AI technology( Robots and AI are the technology of the future )-- 40%

                                                              IAU, invests in gold (just in case everything goes haywire) --20%

                                                              Good luck,
                                                              Harry
                                                              Comment
                                                              • eswerve4
                                                                SBR Wise Guy
                                                                • 10-09-11
                                                                • 500

                                                                #66
                                                                What are savings
                                                                Comment
                                                                • slambam
                                                                  SBR MVP
                                                                  • 02-07-10
                                                                  • 1653

                                                                  #67
                                                                  If you don't need the tax deduction, you'd better be putting it in a Roth something - 401k probaby your best bet. I've been putting in my Roth 401k since I was 21, tax free withdrawals are retirement. That's a lot of tax free interest.
                                                                  Comment
                                                                  • brooks85
                                                                    SBR Aristocracy
                                                                    • 01-05-09
                                                                    • 44709

                                                                    #68
                                                                    Originally posted by greenhippo
                                                                    Government pension and Roth IRA on the side, I feel pretty confident.
                                                                    Comment
                                                                    • thomorino
                                                                      Restricted User
                                                                      • 06-01-17
                                                                      • 45842

                                                                      #69
                                                                      Originally posted by maggiethebestdog
                                                                      I'm tailing Thomorino
                                                                      Lol, wbroke dik, gotta have money to tail
                                                                      Comment
                                                                      • grease lightnin
                                                                        SBR Posting Legend
                                                                        • 10-01-12
                                                                        • 16015

                                                                        #70
                                                                        Originally posted by JMobile
                                                                        Roth IRA with a good rate. Roth, get tax now instead of later when trying to pull out. Am I right guys?
                                                                        After tax contribution, grows tax free, comes out tax free.

                                                                        With a Roth, you pay tax on the seed, with traditional pretax, you pay tax on the harvest.

                                                                        Dollar for dollar, same given rate of return, there is a high likelihood that you will have far more in your pocket over the long term in Roth vs traditional pretax.


                                                                        As far as a “good rate”, a Roth is a type of account. Think if it as a garage that shelters your investment vehicle from taxes. You can park just about any type of vehicle in that garage that you want. Any mutual fund, etf, stock, etc.
                                                                        Comment
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