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Old 03-22-2012, 06:13 PM  
Buehler445 Buehler445 is offline
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Where do you have your money stashed?

I'm self employed and most of everything I make goes into my business, but I feel compelled to get some money socked away outside of my business.

I have a 401(k) that I am in the process of rolling into an IRA with New York Life that I'm doing with a guy I know. I'm not at all convinced that a life insurance company is where I need to be putting all my money with.

I'm looking to start a Roth for me and my wife and maybe stick get some small mutual funds outside of retirement accounts. I may periodically get a stock or two to piddle with.

Anyway, I have no idea what are good companies to go with. I'd rather have one guy to go to, but it is not necessary, particularly if the fees are dramatically higher.

Where do you guys have your money stashed and do you like the service you're getting?
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Old 03-22-2012, 06:59 PM   #16
Munson Munson is offline
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I started a Roth IRA with Edward Jones back in '08. I've got about 80% invested in a couple of mutual funds, and the remaining 20% in a few stocks. Its not worth a whole lot right now, but I plan on contributing more to it over the next few years.
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Old 03-22-2012, 07:00 PM   #17
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What I do is make all my retirement decisions based on what kcnut tells me on ChiefsPlanet.
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Old 03-22-2012, 07:26 PM   #18
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by ClearmontChief View Post
401K from work, 15% of my salary with 3.5% company match. Investing in American Mutual Funds, US Stocks, Emerging Markets, and World funds. Very diversified in fund types, some Large Caps, some Mids, and some Small Caps.

An investment account with Fidelity Funds. Same kind of diversification.

An investment account a Wells Fargo, some safer Large Caps.

A traditional IRA for my wife with Fidelity Funds that I max and pull annually out of her investment account. A traditional IRA for myself, same.

A traditional IRA account for myself with Edward Jones from a Rollover from a previous employer.

Iowa 529 for each of my grandkids with a $100 monthly deposit.

I'm not concerned with multiple accounts and advisors, most everything has very low fees, and tax breaks.
Why not start a Roth?

Which do you like better for service?
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Old 03-22-2012, 07:26 PM   #19
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by Rain Man View Post
I have accounts with three brokerages.

Schwab. Seems good for mutual funds, and is good at helping you do portfolio balancing. I like Etrade's look and feel better, but if you're doing just a few mutual funds the Schwab site is very good.

Etrade. Seems good for stocks, and their stock selector works well for what I use it for. I like how they list your stocks and it's easy to use. Lousy at helping you do portfolio balancing.

Fidelity. I got this one for a small liquid savings account, and recall it having a good mutual fund selector. I never looked at anything in terms of stocks. Their web site has a pretty green color. When I opened this account I compared it to all of the other major sites besides Schwab and Etrade and thought it was best in terms of look, features, cost, etc.



As for fees and stuff, they're pretty much all the same. It's really more a matter of which interface you like better. And we'll never know which ones are stable and which ones are crooks and which ones are about to go bankrupt and steal all of our money, which is why I spread my money out.
Thanks.
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Old 03-22-2012, 07:33 PM   #20
seclark seclark is offline
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Quote:
Originally Posted by ClearmontChief View Post
401K from work, 15% of my salary with 3.5% company match. .
kinda the other way around for me...3.5% from me, 15% company. don't pay too much attention about where it's invested. wife takes car of that. i've said it before...gimme a few beers and a can of chew and i'm sound. i've got other things to worry about. it's time to star mowing the ****in yard.
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Old 03-22-2012, 07:33 PM   #21
Psyko Tek Psyko Tek is offline
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I got $16 in my wallet, and I think 1/2 tank of gas

I plan to die before retiring...
so investments would be a waste of beer money
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Old 03-22-2012, 07:33 PM   #22
ClearmontChief ClearmontChief is offline
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Quote:
Originally Posted by Buehler445 View Post
Why not start a Roth?

Which do you like better for service?
The Edward Jones guy. He's set up my company 401K into the American Funds, the rollover into my Jones account and the Iowa 529 accounts. He's helped me set things up, basically as a fascillator as I've got a pretty good handle on it.

Wells Fargo sucks, take out annual fee and haven't advised me on shit.

Used to like the Fidelity guy...but, he's never been terrible helpful.

Why not a Roth? I want the tax break now from what I invest. I figure, when I retire and start drawing, I'll have zero salary...and, can stand to pay the taxes then. I'll have 401K, IRA, Social Security, Military retirement, and VA disability payment...But, that will be 60-80K yearly and I can handle the income tax on the Capitol Gain then.
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Old 03-22-2012, 07:35 PM   #23
hometeam hometeam is offline
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My money is tied up in positive equity in items that lose equity over time.(with this market that includes my house~) Bad idea I suppose. On the other hand, any time I need cash I just liquidate a motorcycle or car and cash appears.
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Old 03-22-2012, 07:35 PM   #24
chefs fan in omaha chefs fan in omaha is offline
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Old 03-22-2012, 07:35 PM   #25
hometeam hometeam is offline
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Originally Posted by seclark View Post
kinda the other way around for me...3.5% from me, 15% company. don't pay too much attention about where it's invested. wife takes car of that. i've said it before...gimme a few beers and a can of chew and i'm sound. i've got other things to worry about. it's time to star mowing the ****in yard.
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15% match is nice!
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Old 03-22-2012, 07:38 PM   #26
seclark seclark is offline
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15% match is nice!
yeah, but i'm worth it...****em.
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Old 03-22-2012, 07:41 PM   #27
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Old 03-22-2012, 07:46 PM   #28
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What I do is make all my retirement decisions based on what kcnut tells me on ChiefsPlanet.
Bulletproof. Make sure he writes the wording for any contractual negotiations as well.
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Old 03-22-2012, 07:48 PM   #29
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Old 03-22-2012, 07:50 PM   #30
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