...and re: it being scary
It's kinda scary! You're taking money you could use NOW and putting it in a place that you CAN'T access for a time in the FUTURE that is distant and vague. I don't know if it's comforting or not but I decided a while ago that,
1) I'm gambling on the continued success of the United States Government
2) If the USGVT continues as planned and our current form of capitalism continues in a recognisable form all will be well
3) If something happens to the USGVT or our current form of capitalism fails then we have bigger problems and NONE of us will be retiring because the world as it exists will be so fundamentally different that planning for it is kinda useless.
― ein Sexmonster (Jimmy The Mod Awaits The Return Of His Beloved), Wednesday, 10 May 2017 22:16 (seven years ago) link
ok wait I didn't even ask my question yet!
― he not like the banana (Stevie D(eux)), Thursday, 11 May 2017 03:03 (seven years ago) link
I have a couple thou from my last job's 401k that got rolled over into an IRA that is all in a money market account
I just enrolled in my employer's 403b (Vanguard!) -- should I roll all of this dumb money market IRA into it? The answer is yes, right?
― he not like the banana (Stevie D(eux)), Thursday, 11 May 2017 03:04 (seven years ago) link
sounds like it
― Supercreditor (Dr Morbius), Thursday, 11 May 2017 03:43 (seven years ago) link
oh i see! 45:33 which apparently they split into tracks on the Live @ MSG release (which I never realized)
― he not like the banana (Stevie D(eux)), Thursday, 11 May 2017 13:26 (seven years ago) link
I've got a Roth IRA; a minor sum gets deducted every month and invested in low risk stock, low risk enough that during the financial meltdown the impact was minimal.
― the Rain Man of nationalism. (Alfred, Lord Sotosyn), Thursday, 11 May 2017 13:30 (seven years ago) link
yeah i'd roll it and consolidate
― call all destroyer, Thursday, 11 May 2017 13:35 (seven years ago) link
Consolidate
― ein Sexmonster (Jimmy The Mod Awaits The Return Of His Beloved), Thursday, 11 May 2017 13:35 (seven years ago) link
lmao whoops i meant to past that last message go the LCD thread!
― he not like the banana (Stevie D(eux)), Thursday, 11 May 2017 13:45 (seven years ago) link
ok good that seems to be the most sensible bcz I"m sure the interest rate on this Schwab money mkt acct is like 0.04
2nd question: there are like 50 different ways to invest this money! I went with a totally hands-off plan where Vanguard calculates what to invest everything in based on my target retirement date. As someone with zero knowledge of stocks & bonds & shit, is this okay enough? Or could I get significantly more in the long run with minimal effort and engagement?
― he not like the banana (Stevie D(eux)), Thursday, 11 May 2017 13:49 (seven years ago) link
Yeah that's probably fine. Again, vanguard invented a lot of this stuff. It's probably mostly Index funds that will gradually increase to bonds (more stable) from stocks as the fund ages
― ein Sexmonster (Jimmy The Mod Awaits The Return Of His Beloved), Thursday, 11 May 2017 14:06 (seven years ago) link