Multimillion dollar homes in the bay, this is what they look like.

[flint-rod]

"Public Employees’ Retirement Association of Colorado (PERA) serves as a substitute for Social Security or OASDI. PERA provides benefits to employees who retire or become disabled. Employees contribute a percentage of their earnings and *school district* contributes on the employees behalf. PERA members may also take advantage of voluntary programs such as life insurance, 401(k) and 457 plans."

[hmgROCK]

i have a pension and a 401k... 403b is another option as well...

a lot of these pension
they don't have enough fund to payout and invest
you looking at some dark future up ahead

just an FYI

it's governement promise, sooo maybe they will get a handout bailout

who knows

hahaha

[flint-rod]

lol... i don't know why some of you would think that i'm making things up... i have a pension and a 401k plan that i opted for... lol!

[flint-rod]

a lot of these pension
they don't have enough fund to payout and invest
you looking at some dark future up ahead

just an FYI

it's governement promise, sooo maybe they will get a handout bailout

who knows

hahaha

that's why they offer us a 401k or 403b and life insurance to buffer our income once we retire...

[hmgROCK]

"Public Employees’ Retirement Association of Colorado (PERA) serves as a substitute for Social Security or OASDI. PERA provides benefits to employees who retire or become disabled. Employees contribute a percentage of their earnings and *school district* contributes on the employees behalf. PERA members may also take advantage of voluntary programs such as life insurance, 401(k) and 457 plans."

i'm a REAL ACCOUNTANT, no BS
you should be maxing your $6k roth ira for you and your spouse $6k
since both you two combine wage is not over $193k

it should be

1. roth ira
2. pension (government promise)
3. 401k
4. any school fund, healthcare saving account etc..
5. than just your regular taxable brokerage

#4 and #5 can be switch  kinda of flexbile

[flint-rod]

i'm a REAL ACCOUNTANT, no BS
you should be maxing your $6k roth ira for you and your spouse $6k
since both you two combine wage is not over $193k

it should be

1. roth ira
2. pension (government promise)
3. 401k
4. any school fund, healthcare
5. than just your regular taxable brokage

#4 and #5 can be switch  kinda of flexbile

indeed... i'm starting to contribute more to my roth ira... like i said, i'm contributing 10 percent of my salary to my 401k and my employer's matching me on my pension which is maxed out too...

[hmgROCK]

indeed... i'm starting to contribute more to my roth ira... like i said, i'm contributing 10 percent of my salary to my 401k and my employer's matching me on my pension which is maxed out too...

bro,

im legit, man
no BS
remember roth ira is just type of retirement account
you still have to selected the stock/mutant fund etc... that you want to invest in
in a pension and 401k, all these are done to you by someone guy who runs your retirement plan


here's a screenshot of me doing a trade on one of brokerage account
every paycheck, i deposited $100 of my earning into FZROX
you can only buy this fund at fidelity, no expense fee

and it's a total market index
really passive

PIC OR IT DIDN'T HAPPEN





THEY CERTAINLY DON'T TEACH THIS AT HIGH SCHOOL

[flint-rod]

@ hmgrock, thanks for the pointers... yeah, regarding my 401k i just have it set to my retirement date and forget it... lol! i'll start to contribute more to my roth ira though...

[flint-rod]

also, you can teach others about financial math all you want... but until one actually does it for a living... or show some kind of interest in wanting to know more... will one actually learn... lol!

i have students who come in after school to get help on how to manage their money/earnings more wisely... i tell them to give me at least 2 weeks worth of receipts and data before i can help them identify where they're spending their money on... my method has help a lot of students...

i've been a long time saver... and i'm really good at it... i'm just not your wisest investor and could use more investing strategies to accumulate even more wealth...

[DuMa]

There is an outcry right now by the 30% in San Jose as Google is coming to downtown.  We all know about apple n Cupertino housing market there.  Rents will go up. 

The other 70% is the reason why Google is coming to town. 

Build more jobs, create more housing to house these workers and kicking these long time San hoez out cuz rent is rising. 

Can't satisfy all. 

[hmgROCK]

@ hmgrock, thanks for the pointers... yeah, regarding my 401k i just have it set to my retirement date and forget it... lol! i'll start to contribute more to my roth ira though...

target date is pretty good too
but you also need to look at their expense ratio

for exampLE:  this target date, it's charging 0.74% expense ration (fee that you paid to them)
while this may sound like it's not much, but it is when you have $1,000,0000

i circle it for you





vanguard has the same target date 2050
with an expense ration of 0.15%

https://investor.vanguard.com/mutual-funds/profile/overview/vfifx



schwab has an expense ration for 0.08%

https://www.schwab.com/public/schwab/investing/investment_help/investment_research/mutual_fund_research/mutual_funds.html?path=%2fProspect%2fResearch%2fmutualfunds%2fsummary.asp%3fsymbol%3dSWYMX

and i think fidelity their target date is like 0.03%

[hmgROCK]

also, you can teach others about financial math all you want... but until one actually does it for a living... or show some kind of interest in wanting to know more... will one actually learn... lol!

i have students who come in after school to get help on how to manage their money/earnings more wisely... i tell them to give me at least 2 weeks worth of receipts and data before i can help them identify where they're spending their money on... my method has help a lot of students...

i've been a long time saver... and i'm really good at it... i'm just not your wisest investor and could use more investing strategies to accumulate even more wealth...

you not going get super rich by saving
because of inflation
your money loses it's value overtime



the S&P 500 average about 10% since it lifetime
(collection of the 500 biggest company in the USA)

if you just invest in $6,000 at 30
by the time you reach 60, you will be a millionaire

[theking]

you not going get super rich by saving
because of inflation
your money loses it's value overtime



the S&P 500 average about 10% since it lifetime
(collection of the 500 biggest company in the USA)

if you just invest in $6,000 at 30
by the time you reach 60, you will be a millionaire

Why go through all that when you can just win the lotto and be "super rich" since your the "hmong Nostradamus and is  always right"..?? 

[theking]

im legit, man
no BS

 

...What a FRAUD..no wonder other PH member called him out for giving "bad investment advice"...

[hmgROCK]

...What a FRAUD..no wonder other PH member called him out for giving "bad investment advice"...

lol

the FRAUDSTER himself
making up fake story


PIC OR IT DIDN'T HAPPEN