the dark clouds have lifted!! - Page 6
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Old 10-10-2012, 11:34 AM   #51
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well for an update the job is going really well, im about to be on my 6th week, working 60hrs a week and have joined the union. getting paid every week is really nice, as of my 4th paycheck i had a net bring home of $4300 and ive been putting at least $500 a week in savings. will be trading in my vehicle and buying a new one pretty soon, everything has gotten better.....finally
Be sure to max out the 401k, right now $16.5 annually can be set aside tax deferred.

If you don't have access to a 401k, open a Roth IRA. You can add $5k annually to a Roth, but there is no tax on the earnings.

Roth contributions are post tax, 401k contributions are pre-tax.
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Old 10-10-2012, 02:04 PM   #52
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Quote:
Originally Posted by Gatoragn

Be sure to max out the 401k, right now $16.5 annually can be set aside tax deferred.

If you don't have access to a 401k, open a Roth IRA. You can add $5k annually to a Roth, but there is no tax on the earnings.

Roth contributions are post tax, 401k contributions are pre-tax.
i do have access to the 401k being on the union, that is my next thing on my to do list :-)
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Old 10-11-2012, 12:07 AM   #53
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Quote:
Originally Posted by Gatoragn

Be sure to max out the 401k, right now $16.5 annually can be set aside tax deferred.

If you don't have access to a 401k, open a Roth IRA. You can add $5k annually to a Roth, but there is no tax on the earnings.

Roth contributions are post tax, 401k contributions are pre-tax.
Those words are worth their weight in gold! Retirement is slowly becoming less of a reality, and a dream. SAVE, SAVE, SAVE!
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Old 10-11-2012, 12:39 AM   #54
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Congrats, man! That's good news.

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Old 10-11-2012, 02:37 AM   #55
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Originally Posted by Gatoragn View Post
Be sure to max out the 401k, right now $16.5 annually can be set aside tax deferred.

If you don't have access to a 401k, open a Roth IRA. You can add $5k annually to a Roth, but there is no tax on the earnings.

Roth contributions are post tax, 401k contributions are pre-tax.
I agree here. I'm quite proud of my 401(k).

I'm glad things are looking up for you. You deserve it. Congratulations.
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Old 10-11-2012, 02:54 AM   #56
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I quit giving to my 401K, nobody went to jail after the last financial meltdown Wall Street caused! I lost 5K, didn't have a lot anyway, I feel like I was electronically robbed! It all goes to my gas tank and ammo stash now! I buy true value hardware, guns, scopes, bullets! I hate Wall Street, politicians, and lawyers!

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