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Keeping the same aa and contributions. Hoping to put some extra money into funds in October. (3 paycheck month!) I'm still very far away from FIRE (I'm only 24, almost 25!), so I figure that whatever I buy now will perform even better for me in the long run.

You've gotten off to a great start. I think, before you invest your money anywhere, you need to learn the basics of investing. Read Four Pillars and The Coffeehouse Investor for general overviews.

I wish I could be there, but best friend wants to go out of town for her 25th birthday. Hope you all have fun!

I think putting some into a Roth is a great idea. However, if you want to use some of that money as a down payment, you probably should keep it in the savings account (or in CDs) since you have a short time (3+ years) before buying something.

At the ripe old age of 24 :) , I say, if you can talk her into it, have her max out a Roth IRA this year. That'll leave her with $5000 to put into a bond fund. She will be able to get at the Roth money if she absolutely really needs it, but you can show her the amount of growth that money will...

I find it difficult to save. I have no debt and yes, I have set aside a good-size chunk for retirement considering my age, but most of my friends want to eat out, go to concerts, go on vacation. And I worry that I'll regret saying no to those things (because I do want to go) just so I could save...

Congratulations. Everyone who's not there yet is very jealous!

Congrats on starting early. If you think you'll be tempted to spend any amount of the money, I suggest selling some of your stock position and taking a little ($500-1000) out to spend on yourself. That way you can buy something you really want and put the rest away for the long haul!

I agree that no one necessarily needs $1 million and that is not a magical number. I do think it's dangerous to suggest that people can retire and live on 65% of their working salary when most people already spend more than they make.

Is $1 Million Enough to Retire On? This article asks 3 "experts" whether $1 Million is enough to retire on. The third answer makes me very nervous. It seems like a terrible idea for those who don't know much about budgeting and investing to plan on saving only enough to generate 20% of what...

In some plans (if not all) you can't make contributions to the 401k until you have repaid the loan. So, depending on how much he takes out from his 401k, it could be years before he has repaid the loan and can make further contributions.

Appropriate that it's his last column. If he really encourages Joe Schmoe to put all his money into "the next big thing" and not diversify, he shouldn't be writing an investment advice column! I just thought the board would get a kick out of his ideas.

The latest (and last) Sophisticated Investor column from MarketWatch lists the five money management tips we can learn from the wealthy. Number 2 is especially interesting.

At my old job, I took home/worked late on 3 occasions in 3 years. Now I make overtime (in addition to my salary), so I stay when needed or leave at 5. :)

As others have said, you might be able to do it based on your own calculations. I would definitely strongly consider working part time if your job does disappear. It'll give you an added cushion and put-off drawing down your assets.

There needs to be a fund like that. Maybe there will be 20 years from now as more aging parents are unable to care for themselves and don't have any money saved up for long-term care. However, in most cases the children who'd be taking care of them aren't much better off!

My nest egg isn't nearly as big as others, but I met my goal today to have $30,000 in investments by the time I turned 25. And I was 4 months early!

Not trying to gang up, just hoping to clarify. I think what he's saying is he'd rather pick a fund that will be around the average, rather than a fund that might wildly underperform or outperform the average.

I hope that we all are still sharp and living well in our 90s. Unfortunately, according to this article in the NY Times, "9 of 10 people who live into their 80s will wind up unable to take care of themselves, either because of frailty or dementia." I'm not sure it's that high, or that it will...

John Bogle - Wikipedia, the free encyclopedia He's the founder of Vanguard and has long touted the value of index funds.

I think it also depends on your experience as kids (even within a family). My parents didn't talk to us about money growing up (other than, yes/no when we asked to buy things). We got a measly allowance that we could supplement with additional chores. As the oldest, I witnessed (or was more...

I had a vague idea of what the house cost (they bought it when I was 11, though I wasn't really aware of the cost until 14-15). It wasn't until they started doing major estate planning in the last year or so, that they've given me ballpark figures on their net worth (I'm now 24). I think it...

I'm an editor for an advertising agency. I proof all print ads and text for radio and TV spots. I'm a trained copy editor and graduated with a journalism major. I don't expect my job to change much over the years, it didn't in my last position.

I think the reasons an adult working full-time and living with their parents matter also, though. I mean, some legitimately help the parents out in some regard (with younger siblings or household responsibilities) or it is ingrained in their culture that family lives together. That said, if I...

DC has a huge ongoing budget problem that wasn't helped by a huge tax scam by gov workers. DC Tax Scam Could Total $31 Million :mad: