Search found 270 matches

by StevenNJ1
Sat May 21, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 6075

Re: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

I don't trust that affordability calculators a lot. They don't know my other expenses, my budget, or my long term goals. I am in NJ too, and when the time comes, no matter how much is my income, I will always look for a small house as a beginning. People say (and I believe them) that houses are mon...
by StevenNJ1
Sat May 21, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 6075

Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

Hi all, We're finally deciding on buying a home in New Jersey. When I use different calculators, based on my salary of over 150k, no debt and just regular monthly bills, they all show that I can afford over 750K house. Being conservative with money, I am trying to be under 600K. My dilemma is that t...
by StevenNJ1
Wed May 18, 2016 6:00 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 4589

Re: My dilemma ... 1099 or W2. Client assures me no difference.

You guys are amazing. Great info !

In terms of pay, I did get about double of hourly rate by going 1099.

Do I need to register as a business "Sole proprietorship" or no need?
by StevenNJ1
Wed May 18, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 4589

Re: My dilemma ... 1099 or W2. Client assures me no difference.

WL2034 wrote:
StevenNJ1 wrote:
At your income level, why are you not contributing the max to your 401k?
About to buy a house ... need all the money I can get right now. Very conservative. Want to do 20% down payment and still have a lot left over.
by StevenNJ1
Tue May 17, 2016 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 4589

Re: My dilemma ... 1099 or W2. Client assures me no difference.

Thank you all for such quick response. So, my "loss" is around 2.5% but ability to write off things make this 3% insufficient. If I rent an apartment and have a 3rd bedroom set up as office, I am assuming I can write off part of that monthly rent? Regarding 401k ... I get 401k from my 150k...
by StevenNJ1
Tue May 17, 2016 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 4589

My dilemma ... 1099 or W2. Client assures me no difference.

Hi, I currently have a salary that goes on W2 and that salary is over 150k/yr. I am about to get a client who is going to be another 100k/yr and is asking to do 1099 instead of W2. Now, for them, it's saving 7%, but what does that mean for me? He told me that since I already pay high % from my 150k/...
by StevenNJ1
Sun May 15, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Did you land this $150k job by having other people do your work for you? Everyone has given links and tips and various things that must be considered when figuring this out. You didn't give nearly enough information at the start to get the answer. Yet you keep asking for the answer that cannot be g...
by StevenNJ1
Sun May 15, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Do you own a home? If you put money in a dependent care FSA account, you can then save on federal taxes by using pre-tax dollars to pay for daycare expenses. Each additional dependent (spouse and two kids) is worth an additional $4K each in deductions on your federal tax return, the state of NJ pro...
by StevenNJ1
Sun May 15, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Instead of trying to figure out the take home pay, what about figuring out your taxes? The tax calculators like Taxcaster can help with tax estimates. For example, in taxcaster enter your 150K income as a single filer and note the tax. Change filing status to married, enter no income for your spous...
by StevenNJ1
Sun May 15, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Your taxes will be lower. You will now use the married, joint filling income brackets, which are much kinder to single income families than unmarried individuals or dual income families. In addition, many of the phase outs will be much higher. Your family will also have access to spousal IRA. And 2...
by StevenNJ1
Sun May 15, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

IRS withholding calculator: https://www.irs.gov/Individuals/IRS-Withholding-Calculator Does your job have a flexible spending account for dependent care expenses? You should sign up for that if it does. We have it but I never really understood what it is. How exactly will it help me with wife and 2...
by StevenNJ1
Sun May 15, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 10037

High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Hi all, I am in my 30s, live and work in state of NJ. My life is about to take a major turn. I'd be going from filing as a single with salary of 150k/yr to filing as Married with 2 kids. Keep in mind that my wife would be a stay at home Mom. I tried different kinds of calculators and still can not f...
by StevenNJ1
Sun May 08, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Am I about to lose $5,000/yr in taxes due to my move?
Replies: 7
Views: 1923

Am I about to lose $5,000/yr in taxes due to my move?

Hi, I've been living in NJ and working in NYC. This made me exempt on paying NY City tax I believe and so at the end of the year I was getting a nice 3-5k refund. Now, I am about to take a job in NJ. Does this mean that I will no longer skip out on some part my taxes and won't be seeing a nice 3-5k ...
by StevenNJ1
Sun May 01, 2016 8:23 am
Forum: Personal Investments
Topic: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.
Replies: 13
Views: 1736

Re: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.

than k you all for the feedback. So doing a bit math here, their deal is not so great. approximately, I would have to give around 10K a year for them to give me about $2,500 Their deal is okay. It's not the best, and not the worst. Other factors to consider would be the investment options in the 40...
by StevenNJ1
Sun May 01, 2016 6:45 am
Forum: Personal Investments
Topic: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.
Replies: 13
Views: 1736

Re: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.

than k you all for the feedback.
So doing a bit math here, their deal is not so great. approximately, I would have to give around 10K a year for them to give me about $2,500
by StevenNJ1
Sat Apr 30, 2016 6:57 pm
Forum: Personal Investments
Topic: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.
Replies: 13
Views: 1736

401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.

Hi all, I am about to join my new employer who was very generous with my salary BUT, makes me wait 1 year until I can be eligible for 401k. Is this normal? My main question is ... In the offer letter they state the following "The company currently matches 25% (up to the first 6%) of your contri...
by StevenNJ1
Sun Apr 24, 2016 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 3285

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

I just wan tto make sure that reading through those 2 sections mentioned above, I am not signing my life away. What do those 2 things tell me clearly?
by StevenNJ1
Sun Apr 24, 2016 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 3285

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

At the VP level you should really be having a lawyer review the agreement. This is not a big organization and title is more of a Director level. To be honest, I am trying to avoid going to the attorney and paying $700+ to review a contract that if changed, may not even be needed the next day as the...
by StevenNJ1
Sun Apr 24, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 3285

Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

Hi all. I hope to get some help from folks here as I need to make up my mind fast or risk loosing a very good job offer. Before I can join their company as a VP of Marketing, I am being asked to sign a Non-solicitation agreement that has the below pasted paragraph. If I do sign it, does it mean that...
by StevenNJ1
Fri Apr 22, 2016 9:01 am
Forum: Personal Investments
Topic: Company without 401k match. Should I even join them? High Salary
Replies: 19
Views: 3011

Re: Company without 401k match. Should I even join them? High Salary

Thank you all for the great feedback. I really appreciate it!
by StevenNJ1
Fri Apr 22, 2016 7:46 am
Forum: Personal Investments
Topic: Company without 401k match. Should I even join them? High Salary
Replies: 19
Views: 3011

Company without 401k match. Should I even join them? High Salary

Hi all ... simple question I guess. My old company gave me a 4% match, which was nice. Now I have been consulting for a while and have the ability to join a few companies. One that I like has 401k but does not match. TO me it says that the company is cheap or does not care much about employee retire...
by StevenNJ1
Tue Dec 22, 2015 9:09 pm
Forum: Personal Investments
Topic: Finally LOST job with bad 401k ... what to do now?
Replies: 10
Views: 2173

Re: Finally LOST job with bad 401k ... what to do now?

Thanks to all for feedback, however I am not sure I fully understood the answer for a simple situation. Get my money out of that 401k asap and just use IRA for now to do the 5k? Now ... my salary is above 140k for single filing. If I opt out of company 401k, do I still get to do Traditional IRA? tha...
by StevenNJ1
Wed Dec 02, 2015 11:34 pm
Forum: Personal Investments
Topic: Finally LOST job with bad 401k ... what to do now?
Replies: 10
Views: 2173

Finally LOST job with bad 401k ... what to do now?

Hope to get some feedback and help in my situation. Left my job that matched the 401k contributions up to 4% but expense fees were averaging 1.2% Now I am at a new place that offers 401k BUT does not match it and expenses are on average at 0.8% (not great). What should I do now? I have around 20k in...
by StevenNJ1
Mon Oct 19, 2015 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Lump Sum on a Car Lease ... is my friend setting me up to no good?
Replies: 17
Views: 3432

Re: Lump Sum on a Car Lease ... is my friend setting me up to no good?

I'd need to see that in writing. Generally you don't want to pre-pay a lease, since you don't get anything back if the car is a loss. This is why you also should put as little down as possible. That money is gone if you total the car driving off the lot. There is a benefit in reduced overall paymen...
by StevenNJ1
Mon Oct 19, 2015 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lump Sum on a Car Lease ... is my friend setting me up to no good?
Replies: 17
Views: 3432

Lump Sum on a Car Lease ... is my friend setting me up to no good?

A friend of my is an auto dealer and has usually great lease deals. He is suggesting I do what's called a lump sum or something like that on a lease and so instead of paying monthly, I'd pay off the entire lease right away. That usually drops monthly payment of $425 to $380/mo. Somewhat significant ...
by StevenNJ1
Mon Oct 19, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...
Replies: 13
Views: 983

Re: Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...

Thanks to all for the feedback. When I go to term4sale ... using PREFERRED and not Preferred plus, my rates are about what he's giving me. Different is in $20/yr ... so if no one is going to place me into Preferred plus category due to family history, there is no point of going through this process ...
by StevenNJ1
Mon Oct 19, 2015 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...
Replies: 13
Views: 983

Re: Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...

...He explains to me that they didn't like the family history even though that heart attack was due to heavy physical stress that one horrible winter morning. That history likely moved you out of the lowest risk category. A heart attack in a 55 year old is never due to heavy physical stress alone. ...
by StevenNJ1
Mon Oct 19, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...
Replies: 13
Views: 983

Is AccuQuote Term-Life Insurance Agent giving me the runaround here? Cost changes...

I recently decided to get a 20yr 1 million term life insurance and some people here suggested accuquote. I got in contact with them, did the blood work which came out excellent and the agent over the phone assured me that having a negative family history (father past away due to heart attack at 55yr...
by StevenNJ1
Sat Aug 15, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

So before I call this gentleman back ... what other benefits should I be asking about, other than just simple... term length, coverage amount.
by StevenNJ1
Fri Aug 14, 2015 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

Quotes are meaningless without an offer. I repeat, quotes are meaningless without an offer. I can quote people with 3 heart attacks and liver cancer a Preferred Plus rate, but that doesn't mean they'll get it. You should be working with an independent agent that can help qualify your health to give...
by StevenNJ1
Fri Aug 14, 2015 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

3rd, comment. Why should the Ins company trust you? Someone who is ooking for immediate insurance coverage just before they begin a prolonged and overseas assignment? you probably misunderstood. I had a 3 day business trip and thought I'd get a policy before I had to leave. I already did the trip a...
by StevenNJ1
Fri Aug 14, 2015 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

any reason not to go with the agent from Accuquote and try speaking with some of independent companies here http://agentlocator.plymouthrocknj.com/agent/results.php?advsearch=yes&where=07410&category_id=2 ? I also thought that his 1 mil 20 yr policy was kind of cheap. One agent I spokt to on...
by StevenNJ1
Fri Aug 14, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

So I spoke right now with an agent from Acuquote ... he gave me 2 companies ... United of Omaha Insurance and American General. He is pushing for the United of Omaha saying that their turnaround time is faster but they are $10/year more. I did read up a bit about the Omaha company and seems like it'...
by StevenNJ1
Wed Aug 05, 2015 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

If the agent is pressuring you, move on. Insurance agents are a dime a dozen, so you can easily find someone else. As another poster mentioned, you will likely need a medical exam for a policy of any substance, so it's unlikely you will get it done by next week. If the agent is pressuring you, move...
by StevenNJ1
Wed Aug 05, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

the insurance agent I spoke to yesterday is a bit pressuring into higher amount. Even suggested getting a 10yr 1mil term just to have something right now and then 10 yrs from now thing about getting a new policy. I thought it was a horrible idea.
by StevenNJ1
Tue Aug 04, 2015 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

What are the prices? What is your income? Dont forget about inflation 15 years from now 300K isn't going to be much. I would rather just get a 30 year at $600K. Price I don't know yet ... when I played around with pricing on my own it was around $35/mo for a 600K - 20yr term. Income is mid 150K but...
by StevenNJ1
Tue Aug 04, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1945

Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

I am trying to get my term life insurance in order before I leave for a business trip early next week. So I reached out to 2 insurance broker. One is supposed to provide rates tomorrow and another one will call back. I found them via Term4Sale.com site. My question is, how do you find a good insuran...
by StevenNJ1
Mon Aug 03, 2015 10:57 am
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

I know where you're coming from about the maxing out 401k plan .... I need to make sure that I am always in the green every month and unfortunately with all the expenses, sometimes I am in the red. Hard to believe with such a "good" salary but still, sometimes it's not enough. Hence, not ...
by StevenNJ1
Sun Aug 02, 2015 11:11 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

With 120K in the bank, why are you not considering maxing out your 401k for 18K. It sounds like you're just contributing around 6K/yr. 2K/month in rent isn't a waste. You're paying for a place to live and you don't have to worry fixing or replacing things. If you buy a 500-600K home, with a 400-500...
by StevenNJ1
Sun Aug 02, 2015 5:57 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

BTW, don't you have a wife, 2 kids and think your $1000/mn food expenses is high? What's your monthly food/grocery spending? Mine is through the roof? Yes, but 1 child for now. Why? In this thread you say you single. The other thread you say you are married with 1 toddler. It matters because the ab...
by StevenNJ1
Sun Aug 02, 2015 4:14 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

itstoomuch wrote:BTW,
don't you have a wife, 2 kids and think your $1000/mn food expenses is high?
What's your monthly food/grocery spending? Mine is through the roof?

Yes, but 1 child for now. Why?
by StevenNJ1
Sun Aug 02, 2015 12:50 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

So take for example Barcleys bank CD 2yr CD is 1.30% APY and penalty for early withdrawal is 3 months of interest on the sum withdrawn. 5yr CD is 2.20% APY and penalty is 6 months of interest. doing the math, seems like if you stay with 5 yr CD at highest rate is still better even if at some point I...
by StevenNJ1
Sun Aug 02, 2015 12:35 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

Any feedback on the 401k funds distribution>? Or is it fairly simple and uneventful? thank you I take it you're asking if this is a good asset allocation? My current contributions: Employee 401k plan (12K/year with employee match) 65% Vanguard Total Stock Market Index VTSMX (1.04%) 20% Vanguard Tot...
by StevenNJ1
Sat Aug 01, 2015 7:25 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

Any feedback on the 401k funds distribution>? Or is it fairly simple and uneventful?

thank you
by StevenNJ1
Sat Aug 01, 2015 6:26 am
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 201
Views: 22609

What's Your Monthly Food/Groceries Spending? My is through the roof?

So I started paying close attention to our family spending. We're a 2 adults and a 2yr old child. Living in NYC, monthly spending is $1,000 on food. Is this a lot? Keep in mind, food does not include restaurants or eating out. Just home food that I also take to work for lunch. We try to eat well. Mo...
by StevenNJ1
Fri Jul 31, 2015 1:33 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

also ... tax-exempt means .... no tax on the gain when I withdraw funds? No tax-exempt means the distributions aren't subject to Federal tax. They might be subject to state tax, depending on if your state has income tax. When you sell your fund, if there's a capital gain, you'll owe capital gain ta...
by StevenNJ1
Fri Jul 31, 2015 1:03 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

it's interesting ... looking at CD rates ... seems like early withdrawal from Ally CD, penalty is just 3 months of interest which is not that big of a deal. So, even though I am not sure how long I want money parked, I can go for a 3yr, good rate and if I do need the money, fine 3 months of interest...
by StevenNJ1
Fri Jul 31, 2015 12:16 pm
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Re: Taking the leap forward ... my 401k plus 100K investment plan.

StevenNJ1- Are you sure those expense ratios in your 401K plan are correct? I guess I've never seen a 401K administrator tack on 1% to a Vanguard fund. That is sad, if correct. About your plan for taxable savings. The only component that will absolutely not lose money is the Ally savings. For insta...
by StevenNJ1
Fri Jul 31, 2015 9:12 am
Forum: Personal Investments
Topic: Taking the leap forward ... my 401k plus 100K investment plan.
Replies: 21
Views: 2464

Taking the leap forward ... my 401k plus 100K investment plan.

Even thought I've been contributing 4% of salary to my 401k plan with a 4% employee match for the past year, I have not done anything with the 120K that I have saved up. Money is simply in the bank doing nothing. I am 33yrs old, rent ($2,000/mo ... horrible waste of money... want to buy something in...
by StevenNJ1
Thu Jul 30, 2015 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Please educate me on Life Insurance. Term vs Term-life?
Replies: 3
Views: 660

Please educate me on Life Insurance. Term vs Term-life?

As I was looking into term insurance ... the usual 20yr policy where you pay let's say $350/yr and after 20yrs ... if you're still alive, policy is over ... if you died before, family got the money. Then I spoke with someone who briefly told me that he has term-life policy for 30yrs where after 30yr...