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We begin with a little financial talk on what the Island Boys should be doing with their new-found fame money before the flame runs out. We then get into your questions and comments!
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Is it wrong that I’m 25 and already worried I won’t have enough saved for retirement?
Question for you smart people. So I am deciding whether or not to invest into my 401k or just What do you recommend budgeting for each category? Restaurants/entertainment, clothing, haircuts, etc? I have about $400 left after all of my expenses are paid. I’m in BS3.
I’ve been telling all my friends “don’t count on your Social Security benefits. Assuming there is any left, the benefits are pretty darn low”. Just for giggles today, I looked mine up just to see what it would be. SHOCKING!
$1,710.00/month if I retire at 62. That’s $20,520 annually and taxable in my state. Chump change! It’s down right embarrassing. If I was counting on this SS benefit to live, I’d have to work until I’m 70. Then, it’ll be $3,102.00/month or $37,224 annually. This is from working since 1989!
Do you count equity in your house towards your net worth? Like if I pull $5,000 from a mutual Looking for some investment advice. I am able to put 15% w/ match into my 401k. Should I focus my entire investment onto my 401k or is it a better idea to put it in ROTH IRA as well? And if it’s a good idea to throw into ROTH IRA too, how and where do I start?
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