Saving Money

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dxdx said:
how do they know you're saving - do they have access to your bank account balances?

I guess if you're guaranteed this amount for life you don't have to save much if anything. I'm going on the premise that I won't have any guaranteed income so I need to set that up for myself through saving and investing...

my dad's 100% pay military pension is looking pretty good the older I get, but who am I kidding, I can't take orders......
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yes ...they actually do check bank accounts...scary isnt it ....to live in the world of cheat or perish...just so you dont think I am really cheating the system... i held full time employment for 25 yrs(blue collar ...and IVE BEEN ELIGIBLE FOR DISABILITY...CEREBRAL PALSEY ...SINCE BIRTH)took disability in my mid forties,6 yrs ago...
 
I quit my gym membership and started doing GangnamZumba:

[video=youtube;9bZkp7q19f0]http://www.youtube.com/watch?v=9bZkp7q19f0[/video]
 
MaddMaxx said:
I quit my gym membership and started doing GangnamZumba:

[video=youtube;9bZkp7q19f0]http://www.youtube.com/watch?v=9bZkp7q19f0[/video]
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might be fun after a session with the peace pipe
 
aldiaz33 said:
My older bro retired at 33 because of a great rental property he purchased. If the numbers work out, it can be an awesome long term investment. Unfortunately, there are too many people in the Bay that are eager to buy and in most cases you end up with negative cash flow. In all but the worst neighborhoods this seems to be the case...I don't want to be a slumlord though...risking getting shanked in the neck while collecting rent isn't worth it to me. :
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It's not for everyone. Remember I was 25 once......

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jcardona1 said:
Not to mention you'll essentially lose 30% of your 401k balance if you withdraw and not repay it.
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You lose 10% penalty and whatever taxes your bracket is. So yeah 30% is a good starting point. I would lose 40 to 45% in my bracket .....

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aldiaz33 said:
Totally agree with you...borrowing from your retirement fund is almost never a good idea. You also typically have to pay interest on the loan amount, so that makes it even worse.
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This is true but the interest goes directly into your account so your paying yourself. Actually its a better deal than you can get at a bank. You do pay a small maintenance fee. Mine is $7 a year. Im only talking about 401k. Other retirements / pensions may be different ......

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why arent there SAVINGS ACCOUNTS AT BANKS ANYMORE? ...if I was cynicalI would say they dont need the investment capital anymore ...they get that money from cc intrest and overdraw rip-offs..... did I SAY THAT ...SHAME ON ME
 
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