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SVTPerformance's Chain of Restaurants
Road Side Pub
What is the modern definition of making “Big Money”?
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<blockquote data-quote="black4vcobra" data-source="post: 16832569" data-attributes="member: 82394"><p>Well I did say "fine" as opposed to "okay" but that's splitting hairs. </p><p></p><p>I was being a bit cheeky there when I said poverty level as some guys commenting are making multiple hundreds of thousands per year just on their own. I wouldn't be surprised if they were exaggerating though or were talking gross business income vs net.</p><p></p><p>My wife didn't quite get to $20k in her 401k but $17k+ but that's not a big difference in the grand scheme of things. Yes, $6k each in Roths though and the I bond purchase was only because I know I can make a nice return on that within a few years if I needed the money. </p><p></p><p>Anyway, seems like a good amount of money on paper but that's all locked up for 22 more years without taking penalties and/or paying taxes on it. </p><p></p><p>Sure, we could we have more vacations and newer/nicer cars if we didn't save as much for retirement but given the federal government spending money hand over fist I think it's a good idea to take care of our own financial future. </p><p></p><p>Now if only I could do something to prevent my 401k/IRA's from tanking 20%+ this year but as the finance people say, just keep buying through the downturn and DCA.</p></blockquote><p></p>
[QUOTE="black4vcobra, post: 16832569, member: 82394"] Well I did say "fine" as opposed to "okay" but that's splitting hairs. I was being a bit cheeky there when I said poverty level as some guys commenting are making multiple hundreds of thousands per year just on their own. I wouldn't be surprised if they were exaggerating though or were talking gross business income vs net. My wife didn't quite get to $20k in her 401k but $17k+ but that's not a big difference in the grand scheme of things. Yes, $6k each in Roths though and the I bond purchase was only because I know I can make a nice return on that within a few years if I needed the money. Anyway, seems like a good amount of money on paper but that's all locked up for 22 more years without taking penalties and/or paying taxes on it. Sure, we could we have more vacations and newer/nicer cars if we didn't save as much for retirement but given the federal government spending money hand over fist I think it's a good idea to take care of our own financial future. Now if only I could do something to prevent my 401k/IRA's from tanking 20%+ this year but as the finance people say, just keep buying through the downturn and DCA. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
What is the modern definition of making “Big Money”?
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