Search found 9 matches

by imareal1
Fri Jun 23, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Actuary Career - Thoughts Please
Replies: 20
Views: 2541

Re: Actuary Career - Thoughts Please

I majored in Act Sci and have been working as an actuarial analyst for a year now in group health insurance. It is a challenging but rewarding career. If you're considering an actuarial career, just try to pass an exam. That will give you a feel of what it takes to be an actuary. If the first one pr...
by imareal1
Wed May 31, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: How to save for big ticket items?
Replies: 4
Views: 489

How to save for big ticket items?

What's the general strategy for saving for big ticket items like houses/cars? I just started my career (24 y.o.) and realize that after retirement savings (401k + IRA = ~24%) and living expenses, I don't have much left over for, let's say, savings for a car. I know one solution is to earn more, cut ...
by imareal1
Fri May 19, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Re: Why save so much for when you're old?

One final note. I would guarantee you if you polled all the people on this board 98% of them would tell you if they could go back and do one thing in their life to help with their retirement future savings most of them would say they wish they had started saving earlier. I'm happily one of the 2%. ...
by imareal1
Thu May 18, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12976

Re: For those with $500k-$1m in investments...

onmyway33 wrote:In my pre-boglehead days I thought that I didn't want to lock up too much money into a "old age retirement fund" and thought that there was tremendous value in the flexibility of taxable investments :oops: :oops: .


This is my thought process now. What's wrong with this reasoning?
by imareal1
Thu May 11, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Re: Why save so much for when you're old?

I'm currently putting away 10% into my 401k and making monthly contributions to max out my Roth IRA - this comes out to putting away ~20% of my gross salary. If I wanted to save more (for the future in general), should I increase my 401k contribution or start putting away in a taxable account? In wh...
by imareal1
Tue May 09, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Re: Why save so much for when you're old?

Thanks for all the different perspectives. It was a really enjoyable read and I learned a lot. All these anecdotal experiences are quite enlightening. As someone has pointed out, my original question was more philosophical than mathematical. But yes, I agree compound interest alone is enough of a re...
by imareal1
Fri May 05, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Re: Why save so much for when you're old?

Thanks for all the feedback. It seems like my perspective of middle/old age life is grimmer than what it is in reality. It's great to hear that people are able to find a balance and I'm super glad I'm starting to save already. Cheers.
by imareal1
Fri May 05, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Re: Why save so much for when you're old?

I guess I just value the present a lot more than the future, especially since the future is not guaranteed, so saving for that period of time isn't appealing to me. I know...I'm the instant gratification kind of guy. In the back of my mind, I'm well aware of most of the reasons you guys are giving m...
by imareal1
Fri May 05, 2017 1:36 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18690

Why save so much for when you're old?

Hi, I'm 24 yrs old and almost one year into my actuarial career (first real job). I expect to make good money in the future and have started investing since I was hired. My question is why is saving a lot for retirement so important? I get that we need money for when we're retired and no longer have...

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