|
Potrzebie posted:Denmark awaits you! -0.5% for a 10 year fixed is a thing there. what the hell how does this work? i remember hearing from a family friend about some very different structures in swiss mortgages Guinness posted:Also just signed closing docs on a refi, going from 3.875 to 2.69 on a 30 yr fixed. No points, ~$2500 in non prepaid costs. Brings the monthly down almost $500 and saves $150k over the life the loan. hell yeah brother
|
#
?
Sep 28, 2020 15:07
|
|
|
|
| # ? Apr 19, 2024 21:10 |
|
|
I’m guessing that’s after the bank gets some sort of central bank subsidy? Keep the money flowing and the banks don’t give a poo poo as long as they get through half point?
|
|
#
?
Sep 28, 2020 22:11
|
|
|
TraderStav posted:I’m guessing that’s after the bank gets some sort of central bank subsidy? Keep the money flowing and the banks don’t give a poo poo as long as they get through half point? Negative yield on bonds and savings accounts plus a lassiez faire approach to certain risk buffers as I understand it. Also fees, that are distinct from interest for reasons.
|
|
#
?
Sep 28, 2020 23:55
|
|
|
I passed the certified financial planner exam!!! They still won't give me the CFP marks until I meet the 6000 hour experience requirement, because apparently posting on here doesn't count as "relevant experience" according to those fuckers at the CFP board. Whatever, jerks.
|
|
#
?
Sep 30, 2020 22:26
|
|
|
That's awesome, congrats
|
|
#
?
Sep 30, 2020 22:40
|
|
|
moana posted:I passed the certified financial planner exam!!! They still won't give me the CFP marks until I meet the 6000 hour experience requirement, because apparently posting on here doesn't count as "relevant experience" according to those fuckers at the CFP board. Whatever, jerks. Nice! I also really hope you actually submitted your hours posting here.
|
|
#
?
Oct 1, 2020 02:34
|
|
|
Can you do an online seminar got an hour with all of us in attendant and count it as 300 hours? Like a mass wedding, only less bad with money and life.
|
|
#
?
Oct 1, 2020 03:59
|
|
|
SpelledBackwards posted:Can you do an online seminar got an hour with all of us in attendant and count it as 300 hours? Like a mass wedding, only less bad with money and life. Maybe for moana, what about us? moana posted:I passed the certified financial planner exam!!! They still won't give me the CFP marks until I meet the 6000 hour experience requirement, because apparently posting on here doesn't count as "relevant experience" according to those fuckers at the CFP board. Whatever, jerks. Congratulatons!
|
|
#
?
Oct 1, 2020 04:18
|
|
|
I started this year with about 40k in debt. I'm looking at ending this year with about 21k while contributing 10% pre-tax to my 401k and will max my 2020 IRA in February 2021. I guess this isn't incremental lol. I'm following the reddit guide so next will be increasing my emergency fund starting in March. A big improvement is I'm doing yearly planning now vs when I was month to month for over a decade. Also my company finally hired a UX researcher, and I was the only one on my design team to indicate a desire to move into the field, so I'm really pumped to be trained by her because she was at IBM in their AI division and is insanely talented. cheese eats mouse fucked around with this message at 02:15 on Oct 19, 2020 |
|
#
?
Oct 19, 2020 02:12
|
|
|
cheese eats mouse posted:I started this year with about 40k in debt. I'm looking at ending this year with about 21k while contributing 10% pre-tax to my 401k and will max my 2020 IRA in February 2021. I guess this isn't incremental lol. This is a really awesome leap forward. Sounds like you really got your finances under control instead of letting them control you. cheese eats mouse posted:was at IBM. Whose going to tell em? 
|
|
#
?
Oct 19, 2020 03:12
|
|
|
Had to turn off my 401k contribution for the rest of the year.... ... because I'd miscalculated and was running up against the max contribution. Something to be said for getting a raise and just not changing your lifestyle.
|
|
#
?
Oct 22, 2020 17:21
|
|
|
Nice! Is over-contribution possible? They're handled by payroll department, who need to inform the IRS of your exact contributions, so they usually do the extra Molecule of Work to automatically stop contributions after hitting the max.
|
|
#
?
Oct 22, 2020 17:38
|
|
|
GoGoGadgetChris posted:Nice! Mine just stops at the limit but not every HR is smart as I understand it. If you change jobs you have to watch it yourself though.
|
|
#
?
Oct 22, 2020 17:42
|
|
|
Liquid Communism posted:Had to turn off my 401k contribution for the rest of the year.... Even if you go over it's like 1 form that you fill out to claw it back.  on hitting your max.
|
|
#
?
Oct 22, 2020 18:05
|
|
|
spwrozek posted:Mine just stops at the limit but not every HR is smart as I understand it. If you change jobs you have to watch it yourself though. You've also got to be careful if you've got matching contributions -- my employer specifically warns us to make sure to get the timing right since they automatically cut off contributions when you hit the max, so then you'll be contributing $0 for the rest of the year, and you therefore won't get a 401k match for the rest of the year.
|
|
#
?
Oct 22, 2020 19:26
|
|
|
P.D.B. Fishsticks posted:You've also got to be careful if you've got matching contributions -- my employer specifically warns us to make sure to get the timing right since they automatically cut off contributions when you hit the max, so then you'll be contributing $0 for the rest of the year, and you therefore won't get a 401k match for the rest of the year. Your employer could do a true up if they loved you. Ask about it if you have a feedback mechanism.
|
|
#
?
Oct 22, 2020 19:31
|
|
|
P.D.B. Fishsticks posted:You've also got to be careful if you've got matching contributions -- my employer specifically warns us to make sure to get the timing right since they automatically cut off contributions when you hit the max, so then you'll be contributing $0 for the rest of the year, and you therefore won't get a 401k match for the rest of the year. We get matched once a year in February so it doesn't matter.
|
|
#
?
Oct 22, 2020 20:24
|
|
|
My wife and I had to replace a broken fridge, and since we've always hated our lovely (inaccurate temperatures) oven and the dishwasher was ready to go, we bought all new appliances. It felt being able to pick it out and have it all delivered. I installed the dishwasher myself because gently caress paying someone $150 to connect 2 hoses and a couple wires.
|
|
#
?
Oct 27, 2020 17:04
|
|
|
GoGoGadgetChris posted:Nice!
|
|
#
?
Oct 27, 2020 17:26
|
|
|
I paid of my student loans this week. I got YNAB and committed to a budget 2 years ago, and since then have allotted 2-3x my required monthly payment, and have now paid it off years faster than I had originally planned to. A few years prior, i couldn't even afford the monthly payments and was on a deferred plan, accruing interest - which felt really bad. So this is very liberating. Coincidentally, my step mom died this year, having survived my father, and so I inherited a small chunk of money (my father spent his last 10 years in assisted living due to alzheimer's with the help of Social Services, so it's not like a big payout). I'm trying to figure out if it makes more sense to invest that all in index funds and continue to pay rent, or to see about putting a down payment on a house. Either way, my plan is to swap my future student loan payment allotment into investing - which is something I have never been able to do, and am excited to learn about.
|
|
#
?
Oct 31, 2020 17:46
|
|
|
Captain Lavender posted:I paid of my student loans this week. I got YNAB and committed to a budget 2 years ago, and since then have allotted 2-3x my required monthly payment, and have now paid it off years faster than I had originally planned to. A few years prior, i couldn't even afford the monthly payments and was on a deferred plan, accruing interest - which felt really bad. So this is very liberating. Coincidentally, my step mom died this year, having survived my father, and so I inherited a small chunk of money (my father spent his last 10 years in assisted living due to alzheimer's with the help of Social Services, so it's not like a big payout). I'm trying to figure out if it makes more sense to invest that all in index funds and continue to pay rent, or to see about putting a down payment on a house. Condolences for your loss and what you’ve gone through, but this is an awesome success story. Way to go!
|
|
#
?
Oct 31, 2020 17:52
|
|
|
I recently got a new job that pays basically double my old job and pays me weekly. I’m not budgeting but definitely have cut down on my extra spending, and now no longer have to worry about having money in the bank for loans and am digging myself out of $2300 in credit card debt a week at a time, now down to $1700 and shrinking. By this time next year if all goes well I can think about moving out of my parents house!
|
|
#
?
Nov 1, 2020 14:14
|
|
|
Coffee And Pie posted:I recently got a new job that pays basically double my old job and pays me weekly. I’m not budgeting but definitely have cut down on my extra spending, and now no longer have to worry about having money in the bank for loans and am digging myself out of $2300 in credit card debt a week at a time, now down to $1700 and shrinking. By this time next year if all goes well I can think about moving out of my parents house! Hell yeah. That is awesome.
|
|
#
?
Nov 1, 2020 16:16
|
|
|
Coffee And Pie posted:I recently got a new job that pays basically double my old job and pays me weekly. I’m not budgeting but definitely have cut down on my extra spending, and now no longer have to worry about having money in the bank for loans and am digging myself out of $2300 in credit card debt a week at a time, now down to $1700 and shrinking. By this time next year if all goes well I can think about moving out of my parents house!  Good work duder
|
|
#
?
Nov 1, 2020 19:33
|
|
|
Captain Lavender posted:I paid of my student loans this week. That's a big accomplishment, congrats!Coffee And Pie posted:I recently got a new job that pays basically double my old job
|
|
#
?
Nov 10, 2020 16:12
|
|
|
401k hit a  million yesterday
|
|
#
?
Nov 12, 2020 15:59
|
|
|
hell yeah brother
|
|
#
?
Nov 12, 2020 16:15
|
|
|
SlapActionJackson posted:401k hit a Noice.
|
|
#
?
Nov 12, 2020 16:40
|
|
|
SlapActionJackson posted:401k hit a Awesome! I’ve got some catch up to do. My combined 401k and Roth IRA hit >$100k the other day
|
|
#
?
Nov 12, 2020 16:58
|
|
|
SlapActionJackson posted:401k hit a hell yeahCacafuego posted:Awesome! The first hundred is the hardest slog, good job. It gets easier from here.
|
|
#
?
Nov 12, 2020 17:19
|
|
|
Cacafuego posted:I’ve got some catch up to do. My combined 401k and Roth IRA hit >$100k the other day A hundred K means you're well on your way. 
|
|
#
?
Nov 12, 2020 17:22
|
|
|
H110Hawk posted:
when i was first saving people would say this and i was like there is no way in hell that is true BUT IT IS
|
|
#
?
Nov 12, 2020 17:40
|
|
|
KYOON GRIFFEY JR posted:when i was first saving people would say this and i was like there is no way in hell that is true BUT IT IS I gave the biggest  as well when I heard that staring at my like $12k account. It's comically true. Between compound returns and just getting to the point of saving being a habit not an afterthought once you go past $100k it starts adding up quickly. Every year the market doubles your IRA contribution (basically, 6% avg return). Remember when the next recession hits just log the hell off your brokerage account. Your share count isn't going down unless you sell. (obviously this is all dependent on being able to save in the first place.)
|
|
#
?
Nov 12, 2020 18:01
|
|
|
SlapActionJackson posted:401k hit a Hot drat, how'd you fit so much in there? Does your employer allow contributions up to the ~50k employee + employer cap? I've maxed my 401k every year of my career but due to the less than generous employer portion that doesn't even have me CLOSE to a million, grrr
|
|
#
?
Nov 12, 2020 18:44
|
|
|
GoGoGadgetChris posted:Hot drat, how'd you fit so much in there? Does your employer allow contributions up to the ~50k employee + employer cap? I've maxed my 401k every year of my career but due to the less than generous employer portion that doesn't even have me CLOSE to a million, grrr Some folks just roll their IRA's and 401k's into their current job 401k's constantly rather than leaving a string of accounts around various places. Do that for 10-20 years and your whole retirement savings is in your current jobs 401k.
|
|
#
?
Nov 12, 2020 19:03
|
|
|
GoGoGadgetChris posted:Hot drat, how'd you fit so much in there? Does your employer allow contributions up to the ~50k employee + employer cap? I've maxed my 401k every year of my career but due to the less than generous employer portion that doesn't even have me CLOSE to a million, grrr Unfortunately, this plan does not allow post-tax contributions. Employer matching definitely plays a significant part in overall account growth, though, and this plan does offer decent matching. The matching will be worth a bit under $10K this year, so it's like a 50% boost in money flowing in to the account. H110Hawk posted:Some folks just roll their IRA's and 401k's into their current job 401k's constantly rather than leaving a string of accounts around various places. Do that for 10-20 years and your whole retirement savings is in your current jobs 401k. It's mostly this. 20+ years with the same company, 15+ with maxed out contributions means it all ended up in one pot with lots of time for compound growth to do its thing.
|
|
#
?
Nov 12, 2020 19:21
|
|
|
SlapActionJackson posted:Unfortunately, this plan does not allow post-tax contributions. Employer matching definitely plays a significant part in overall account growth, though, and this plan does offer decent matching. The matching will be worth a bit under $10K this year, so it's like a 50% boost in money flowing in to the account. Same here, my wife have been with the same companies for 20+ years and although we were slow to start and stupid at times it became automatic eventually. It took us by surprise when I noticed we had $600k each in 401k.
|
|
#
?
Nov 12, 2020 19:41
|
|
|
Mad Wack posted:
 normally i just update yearly on this but we hit a really nice milestone this week, for the first time ever our net worth is above 500K and we're up 40.6% from this post from march this year.
|
|
#
?
Nov 21, 2020 01:04
|
|
|
I used to be pretty bad with money. I had no credit history up until recently, bc I was taught that credit cards are evil, etc. and I didn't understand how it all worked. I also severely hosed up my taxes in a really embarrassing way for several years and owed 10k to the irs in 2016. 4 years later, I think this month is my last payment to the irs. So this coming spring I'll finally be owed money on my tax return again. And today I got my first actual number credit score after having a secured discover card for 7 months. 749!
|
|
#
?
Dec 10, 2020 19:10
|
|
|
|
| # ? Apr 19, 2024 21:10 |
|
|
I bet it feels good to get out under that weight of IRS payments, nice!
|
|
#
?
Dec 11, 2020 02:23
|
|