blah blah finances blah blah

[rmd]

so, i've been pondering my finances lately.

as usual, i'm thinking that i should be saving more money. then again, i suspect that if i could retire this moment i'd still be thinking "man, i should be saving more money. what if..."

i'm thinking about talking to some kind of financial planning type, but haven't done anything about it yet.


[Poll #743154]

if you're local to me and have a financial planner you like, feel free to share the name. i have an irrational aversion to most "hey, talk to our financial planners" offers from amex et al since i pessimistically assume they're going to act in a way that maximizes their happiness in terms of "meeting boiler room quotas" and less to maximize my happiness in terms of "making me a lot of money".



thanks!

Comments

[tactical-grace.livejournal.com]

We had an initial meeting with a financial planner, and I have a big long set of forms to fill out so we can go back and start actually doing something intelligent with our money. He's in Westford, but if you're interested I'll pass on the name.

Problem is that the recommended amount (that I have heard) to save towards retirement is 20%, and 401k contributions max out at 15% or less, depending on how much money you make. So how to save the rest in a reasonable fashion?

[rmd.livejournal.com]

So how to save the rest in a reasonable fashion?

E-GOLD!

[rmd.livejournal.com]

okay, maybe not.

[istemi.livejournal.com]

So how to save the rest in a reasonable fashion?

Step 1: Collect the underpants.
Step 3: Profitability!

[hotpoint.livejournal.com]

Well, usually the 20% rule-of-thumb also includes any contributions your employer makes on your behalf. Then you could also add money to a Roth IRA. Finally, you could put after-tax money into tax-friendly investments, like tax-managed mutual funds, stocks that don't pay much in dividends and municipal bonds. All of those would let you avoid having taxes eat away at compounding, which is a big factor in investing for the long haul.

[tactical-grace.livejournal.com]

Unfortunately, a Roth isn't an option for me. Figuring out tax-friendly investments is the main reason we're going the financial planner route, actually.