Recent content by farmboy42

Ah, okay. I understand how it is calculated now. Thanks for the great reply!!

The only downside to investing outside of your 401K is that some funds might be closed to you unless you have a substantial initial investment. I can't think of the fund I'm in right now, but I read somewhere that the minimum investment was $250,000? You also have to pay broker fees from what...

I guess this is sort of what I'm trying to figure out. With a 130K net income, do you own a house or do you have $290K in savings?

Geez, I'm not sure. By my math I have $12K in debt. I used some online calculator and that's the number it came up with, so that's what I used. Maybe it took into account monthly expenses (which are, rent included, something around $2500). *shrug* How is everyone else calculating net worth?

Yeah, your salary is less, but your overall picture is better, don't you think? You have ~$200K in equity. My 401k is good because my company matches so well. How do people sock away so much cash into other retirement vehicles and savings and still provide a family and a mortgage?

A few places: There are a number of people on this topic who are younger or about the same age and make a lot more salary, have $50K+ in savings and have $300K+ in net worth. I'm happy about where I am for the most part (I'd like more savings so I can put 20% down on a home, which means I need...

I have something like 200K in my current 401K, and the new firm is about 100 people. They are mostly lawyers, so I probably don't have a chance of getting them to do any sort of retirement. I can only put $2k into an IRA so that sucks. So, it looks like my 401k will stall out since they don't...

I'm looking at taking a new job and the new employer does not offer a 401k. I have a nice 401k now, but what are my options?

I'm game. I feel grossly inadequate compared to other people in my age range, but here it is: Age: 30 Occupation: IT Manager Salary: $100,000 + 8% bonus (total=$108,000) 401k: $200,000 (it lost 20K in the last two weeks, but I have 30 years to recover it!) IRA: No Savings: $25,000 Other...