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How can I keep my money?

NFS07

NFS07

Stolen
So I just started a new job and I have gotten two pay checks so far, they have been ok in size but the first thing I thought of when I had that check in hand was, "What should my next snake be?"

There is a Cali King in my Petco that I have been watching for months. I know that she has been there for 3 months and the first time I went the lady told me she had been there for about 9 months. So I'm guessing she is just under or just over a year. She is really small though. Smaller than my almost 6 month old cornsnake so I know they are not feeding it as often as they could.

And than we have the Hogg Island Boa, I have wanted one for a long time. They are not cheap but I want one!

And than we have more corns, all the ones on here. All the ones that will be hatching soon. My mind has been wondering on the idea of breeding but if I did start breeding, it's more money out of my pocket, and I would be very picky about the females.

So please tell me how I can keep my paycheck from wondering into the hands(or lack there of) of another snake.
 
Roth IRA?

Curse Dean and his garters to the ends of the earth!!!! *adds Pugent Sound Garter to the already long list*
 
I am looking at a 401K myself.. Might be something else to consider..

Regards.> Tim of T and J
 
NFS07 said:
Roth IRA?
Click to expand...

Yeah, a Roth IRA. Per Wikipedia: "A Roth IRA is an individual retirement account (IRA) allowed under the tax law of the United States. Named for its chief legislative sponsor, U.S. Senator William V. Roth Jr. of Delaware, a Roth IRA differs in several significant ways from other IRAs."

A friend of mine who taught across the hall from me became a sort-of in-house financial advisor...and after I began teaching and realized how little money I actually do make, retirement investment options became all the more appealing (beyond my pension plan & my 403b) -- considering that the so-called Social Security is an enormous joke. :bang:
 
Hummm... that is an idea. Saving the money until I have more room. Where would I go to find a Roth IRA?
 
I think if you talk to your bank they can set you up. Put some money in one now if you can. You're so young that whatever you put in will be a ton of cash when you retire.
 
Ok! Thanks! I'm going to start doing that.

Is it one of those accounts you can't touch for x number of years?
 
I'm doing a SEP IRA. It lets you put up to 4000 away a year that you don't have to pay tax on. Or it let's you avoid paying taxes on 4000 of your income yearly, depending on how you look at it.
Some people would rather not pay tax on their investment when they take it out instead (some other IRA's work that way) but I figure I need the tax savings now while I'm still broke.. If I keep investing I won't worry about paying when I retire right? Also you can be building up a down payment for a home this way, as you can actually take money out early for that purpose!
But yeah absolutely, I still buy snakes, that's what credit is for!

Oh yeah to answer your question, you can't touch the dough in the special tax type IRA's till you're 59 1/2, I believe.. Except for certain special reasons- Buying a home, disabled etc..
 
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Cegninedorf said:
appealing (beyond my pension plan & my 403b) -- considering that the so-called Social Security is an enormous joke. :bang:
Click to expand...


Yeah it is getting that way Christina.. I'm glad I don't have to rely on it..
No (anti) Social Security for me... (as long as the political wonders stay away from my retirement plan)
 
NFS07 said:
Ok! Thanks! I'm going to start doing that.

Is it one of those accounts you can't touch for x number of years?
Click to expand...

That's the most appealing part of it for me -- I can't touch it 'til I'm 59.5 years old, unless some calamity in life occurs, and then I have to pay the penalty for early withdrawal/taxes, but otherwise -- I open it with $1K, and contribute up to $4K a year...and per my friend Mia (the in-house financial wizard), it's actual the better way to go over a 403b or 401k because we won't know which way taxes will be going in the future and a Roth IRA has already been taxed whereas my 403b is before taxes...which means that when I withdraw on it later in life, I have to pay taxes...so, it may be better for me to pay the penalty now, invest in a Roth IRA, and avoid it later on. Nicole, if you invest now, at age 18, you'll be so much further ahead for later-in-life, and you'll thank yourself later for it...(as you sip your pina colada sitting alongside the beach, by your retirement home...;) )...:cheers:
 
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