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Is it normal for HR to have access to our 401k accounts? This includes transaction history, rollovers from previous accounts, investment options and current balance. by PM-ME-YOUR-SHOULDER in personalfinance

[–]ctarbet 1 point2 points  (0 children)

Exactly! What if the HR secretary is the boss's personal secretary. He knows you are maxing your 401k so you don't get a raise on the grounds that you "don't need it". This isn't that far-fetched.

Earthgasm by Arper in pics

[–]ctarbet 1 point2 points  (0 children)

Username checks out.

An electrical engineer, a mechanical engineer, and an IT admin are in a car that won't start. by MelkorHimself in Jokes

[–]ctarbet 1 point2 points  (0 children)

IT guy uses his belt, shoes, laptop and network cable to make new brakes. They were free, have no annual cost, and work perfectly. But no one else can ever use them.

WTW for someone who doesn’t let people waste their time? by blingbitch66 in whatstheword

[–]ctarbet -1 points0 points  (0 children)

ass·hole noun vulgar slang an irritating or contemptible person.

Need help getting a 165GB iso to become a bootable image by Trustedflipper8 in InformationTechnology

[–]ctarbet 0 points1 point  (0 children)

This is the right way. What OP is trying to do is really hard for no reason.

IT Guy in Edu for 15+ years. What do you want to know? by daven1985 in k12sysadmin

[–]ctarbet 0 points1 point  (0 children)

Are there vendors with Erate support? That would be killer.

Trolling in the deep by schoolboy43 in funny

[–]ctarbet 1 point2 points  (0 children)

It's "secret vagina" humor which is the same thing as "big dick" humor. Low hanging fruit.

Buy rental properties by frostwire999 in financialindependence

[–]ctarbet 2 points3 points  (0 children)

I love my condos and HOA. They keep the community nice and enforce the rules plus pay for insurance and landscaping all for one low monthly fee.

Real estate is a great idea. Keeping your student loans is not.

Is it better to oay mortgage off or claim the interest for the full length of the mortgage? by OrneryDabloon in personalfinance

[–]ctarbet 0 points1 point  (0 children)

The rate you see is historically very high because you just happen to have started your career at the right moment. At some point, your return will be very low or negative for several years. :O The key is just to ignore it and keep investing.

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Is it better to oay mortgage off or claim the interest for the full length of the mortgage? by OrneryDabloon in personalfinance

[–]ctarbet 1 point2 points  (0 children)

Ok, so you don't pay enough interest to even deduct it. Easy!

You could really get serious and try to pay off the house in 5-8 years. You'd be in a great place after that, but it would take discipline for sure. I'd say 15 years max.

Don't even look at your 401k return rate / earnings. That savings is for long term.

Aggressive Portfolio Selection Question - (new job)! by ElleEisen in personalfinance

[–]ctarbet 0 points1 point  (0 children)

VFIAX is still the best. You should learn a bit about mixing stocks and bonds at least, but the best good simple long-term solution is this fund. Basically, the closer to retirement you get, the more bonds you want. Those "target date" funds are just doing this easy math for you based on the year you expect to retire.

Because you have high income and a high current tax rate, the traditional 401k is your best bet. Since you will have a lower tax rate in retirement, it's better to pay taxes when you withdraw the money (Traditional) instead of paying taxes when you contribute (Roth). But don't take my word for it.

20 years old and trying to figure out a plan by BlakeFire in personalfinance

[–]ctarbet 1 point2 points  (0 children)

Start with one car... if she's resistant it's going to have to be yours. :( Hopefully, you can lead by example and she'll come around.

Increasing income is a big thing as well. She needs to go full-time or grab another job, especially if she wants to drive a fancy car. You could grab additional responsibilities at work or do some side jobs. Sell some stuff, etc.

Aggressive Portfolio Selection Question - (new job)! by ElleEisen in personalfinance

[–]ctarbet 0 points1 point  (0 children)

Roth vs. Traditional depends on your income and tax rate...?

You should definitely roll your old 401k into your new one. It's much easier to manage a single account.

Put all the money from old and new 401k into VFIAX because it's a standard low-fee diversified SP500 fund.

20 years old and trying to figure out a plan by BlakeFire in personalfinance

[–]ctarbet 2 points3 points  (0 children)

The most glaring problem is that you have way to much car. Your car debt is almost as much as your household income!

Step one is absolutely to sell both of those and get $5000 cars at most. I'd shoot for $3000 cars.

Step two is to live lean and throw a huge chunk of your income at that credit card debt.

Is it better to oay mortgage off or claim the interest for the full length of the mortgage? by OrneryDabloon in personalfinance

[–]ctarbet 0 points1 point  (0 children)

How much is your mortgage balance and what percent? We can do some math for you.

1) you probably don't pay enough mortgage interest to even beat the standard deduction of $24,000. You'd need something like a ~$400,000 mortgage.

2) keeping a 4% mortgage to invest at 8% sounds smart, but it doesn't consider RISK

3) if you just pay off the mortgage, you'll save 100% of the interest you would have paid

What to do with savings when you don't have financial goals? by chitownblerd in personalfinance

[–]ctarbet 1 point2 points  (0 children)

Don't let inflation be a major driver of your financial decisions. You can't escape it and regular financial planning is the solution to inflation anyway. Just make sure that your long-term savings are invested properly.

You listed kids and house as goals and I think they are the same goal basically. Paying cash for a house would put you in a great place for starting a family. Max your retirement accounts and then save everything else in a big pile for a house purchase.

Thoughts on using my Tradtional IRA as my emergency fund? by fromCovington in personalfinance

[–]ctarbet 2 points3 points  (0 children)

Definitely a bad idea. Emergency fund must be an easily-accessible source of cash.