CQME
CQME t1_j6ouvg2 wrote
>FZROX: 80%
>FZILX: 20%
This will work. The main ingredient in the success stories you've been hearing is time. With time and this allotment, you should achieve similar results. Not everyone is fortunate enough to have the stability necessary for this to work, caveat emptor, i.e. the results are not guaranteed if you have extreme life-altering events between now and retirement.
CQME t1_j6oujko wrote
Reply to comment by BouncyEgg in I still need help with this loan and the timer is only getting shortee by Sunksunksunkppppppp
> Why did the military "fall through?"
Curious about this too. I would have found another school had this happened to me.
CQME t1_j6kptxi wrote
Reply to Are commuter benefits worth it despite working remotely? I still take public transportation. by SilverSquare
>Considering I currently use public transport a lot for non-work purposes, is this worth taking a portion off my paycheck to put onto a pre-taxed commuter card/transit pass? How much would I be saving by doing this?
You add a lot of irrelevant detail to a very simple question.
You don't have a commute because you work remotely and don't report to an office.
You use public transportation whenever you need transportation.
You seem to believe that because you don't have a commute, you don't qualify for a "commuter card". This is false. You can use public transportation for whatever transportation needs you have and public transport can fulfill. All a "commuter card" is is a discount card for frequent users, many of whom have a commute.
CQME t1_iy7069r wrote
Reply to Pay off debt or keep saving by Stinks23
> Would you keep saving or use all of our current savings and free up the extra $1k so we can get closer to saving $8k/month? Rate is 3.25%
You can currently invest in CDs yielding close to 5% at Fidelity.
CQME t1_iuftkxx wrote
Reply to If I get paid bi-weekly, what would the implications be if I asked my boss for pay for the first week of the pay period? by BadLuckShoesie
Probably easier to put it on a credit card and pay it off next month.
CQME t1_iufmq5x wrote
Reply to What's a retired early middle aged to do? Want to break out of my conservative style by shelbygeorge29
What is your spend?
Myself, I'd probably go cruising and traveling. Maybe go backpacking again like I did in my 20s. Swap over to a 4 star hotel every now and then to take a decent shower.
CQME t1_iuf3tuq wrote
Reply to comment by [deleted] in I will receive a stipend of $150 a month for the rest of my life. How should I handle it? by [deleted]
You can open up a brokerage account with this one deposit going into an index fund, and just leave it alone. You can check now and then to ensure there's nothing untoward.
My goal once I am back in the workforce (in school right now) is to open up a taxable putting $500/mo into FZROX and just leave it on auto pilot, check back in after 30 years. This on top of the regular suite of retirement advice. I figure it would be a nice gift for a deserving relative.
CQME t1_iudpvse wrote
Reply to comment by BakeSoggy in Have I done enough to save for retirement? by BakeSoggy
Hmmm...I stand corrected. Apparently the numbers you and I have seen in the past are age specific:
https://www.synchronybank.com/blog/median-retirement-savings-by-age/
CQME t1_iudn1v3 wrote
Reply to Have I done enough to save for retirement? by BakeSoggy
> Fidelity and others say that I should have saved over 1 million by now. OTOH, the average American only has roughly $100k saved for retirement.
What do you expect to be your spend during retirement? If your spend is lower, that target would also be lower, yes?
Also, the average American family is probably not average 50 years of age, so that may be misleading.
I saved this article a while back from the WSJ describing some successful retirements, some with fewer (projected) assets than you have.
If you hit a paywall, I can DM you the contents of the article.
>My spouse has some relatives who belong to a vacation club and basically live in resorts in the Caribbean for much of the year. My spouse would like us to sign up as well. To do that, I would need to cut our retirement savings rate in half at least.
>My parents will leave me and my sister $500k each when they pass on in a few years.
I would factor this into post retirement, or at least after the estate situation is a done deal. Right now you have far too many moving parts.
CQME t1_iudkmsa wrote
>What would you invest in... To see if i find something that suits me...
Plain vanilla works best for most people.
CQME t1_j6p9rxg wrote
Reply to Why did Edward Jones make me jump through hoops every time I needed to take money out of my savings but now being at Fidelity they didn't give me any issues? by palinsafterbirth
>Long story short, why was EJ such a headache?
Fidelity doesn't have agents who make commissions off sales. Edward Jones, Merrill, etc, all the full service firms do. The experience is noticeable, as you've noted.
My agent at Merrill keeps asking about whether or not I have funds to move into Merrill. Fidelity hasn't contacted me since I opened an account with them. I prefer the latter experience.