You and me, some of us remember to roll over the 401k account to an IRA account at our preferred stock broker company. Most people are clueless about 401k rollover when changing job (my unscientific statistic is 2 out 10 persons).
401Ks/403Bs are excellent replacement for pension. The so-called golden handcuff is broken. No one wants to work at a miserable company for the rest of his/her life. Also, the employer has always used the "golden handcuff" to threat/cajol the employees to stay. During time of business contraction (read: recession), employers find ways to reduce/eliminate the vested pension from the laid-off employees. Now, a laid-off employees can roll over their hard-earned 401k/403b account to IRA or to the next employer's 401k plan.
I'm not an art collector but a lover of Impressionist painting. We went to VN and found a painter that reproduced this painting, Woman with a Parasol - Madame Monet and her son. We had it hung in our main living room. Yes, it was a fake but I don't care. Our guests thought it is beautiful duplicate copy My wife, instead of buying a sofa, decided to go lavish by getting a Yamaha Grand piano to go with that painting I mentioned above. I was a bit upset at the time but as I sit in that room, reading my book, and sometime glancing at that fake piece of art, I don't regret the splurge.
While growing up poor, I often went over to the neighbor's house to watch cable TV. The one movie that inspired me into exploring the stock market is Wall Street. Yes, the fictional character, Gordon Gekko, and the infamous Wall Streeter named Ivan Boesky, piqued my interest into the stock market. No, "greed is not good" and emotional temperament are what I learnt while navigating the turbulent dot com era and 2008 recession.
American Dream can still be achieved. Only if the person is willing to sacrifice. Analysis of "Wants vs Needs" on every item that can affect the budget. Instant gratification is not part of the American Dream.
(sorry to digress) like you, my parents fancied Paris and other French cities when I was young. I guess my parents' upbringing from a colonial society (we are from VN) narrowed our travel scope. Until I see miles of wheat farm in Kansas and magnificent view of Big Sur in California, then I truly know there's no other beautiful places in North America but the US of A.
Whether you disagree with me, your question seems to be politically charged. IMO, a lot of products and services cost more today than four years ago. Blame Powell or Biden? Take your pick. My son who just graduated from college still live with me because he can't afford the rent at the apartment near his workplace with his current entry-level salary.
There's a clinical paper mentioned that Alzheimer is considered diabetic type 3. My mother is currently in memory-care facility and has been diagnosed with this mental disease. You can buy LTC policy but I question this decision. The best we can do now is taking care your physical health (exercises and eats right) and your mental health (read a book, learn something new).
Comments:
You and me, some of us remember to roll over the 401k account to an IRA account at our preferred stock broker company. Most people are clueless about 401k rollover when changing job (my unscientific statistic is 2 out 10 persons).
Post: Love, Hate and My 401(k)
Link to comment from December 6, 2024
401Ks/403Bs are excellent replacement for pension. The so-called golden handcuff is broken. No one wants to work at a miserable company for the rest of his/her life. Also, the employer has always used the "golden handcuff" to threat/cajol the employees to stay. During time of business contraction (read: recession), employers find ways to reduce/eliminate the vested pension from the laid-off employees. Now, a laid-off employees can roll over their hard-earned 401k/403b account to IRA or to the next employer's 401k plan.
Post: Bashing the 401k scam – looking for a better idea. RDQ says it’s misunderstood
Link to comment from December 5, 2024
I'm not an art collector but a lover of Impressionist painting. We went to VN and found a painter that reproduced this painting, Woman with a Parasol - Madame Monet and her son. We had it hung in our main living room. Yes, it was a fake but I don't care. Our guests thought it is beautiful duplicate copy My wife, instead of buying a sofa, decided to go lavish by getting a Yamaha Grand piano to go with that painting I mentioned above. I was a bit upset at the time but as I sit in that room, reading my book, and sometime glancing at that fake piece of art, I don't regret the splurge.
Post: Hardly Missed
Link to comment from November 26, 2024
Telling a dumb joke for 5 minutes while standing in front of strangers will strengthen your real "elevator pitch" later in life.
Post: Taking Stock by Jonathan Clements
Link to comment from November 22, 2024
While growing up poor, I often went over to the neighbor's house to watch cable TV. The one movie that inspired me into exploring the stock market is Wall Street. Yes, the fictional character, Gordon Gekko, and the infamous Wall Streeter named Ivan Boesky, piqued my interest into the stock market. No, "greed is not good" and emotional temperament are what I learnt while navigating the turbulent dot com era and 2008 recession.
Post: Taking Stock by Jonathan Clements
Link to comment from November 22, 2024
American Dream can still be achieved. Only if the person is willing to sacrifice. Analysis of "Wants vs Needs" on every item that can affect the budget. Instant gratification is not part of the American Dream.
Post: Dream Retirement – Is it fading away?
Link to comment from November 5, 2024
Thoughts and prayers for Jonathan. Life in no-go zone is quite a challenge.
Post: Eyeing the End by Jonathan Clements
Link to comment from October 25, 2024
(sorry to digress) like you, my parents fancied Paris and other French cities when I was young. I guess my parents' upbringing from a colonial society (we are from VN) narrowed our travel scope. Until I see miles of wheat farm in Kansas and magnificent view of Big Sur in California, then I truly know there's no other beautiful places in North America but the US of A.
Post: Luxury on Rails
Link to comment from October 8, 2024
Whether you disagree with me, your question seems to be politically charged. IMO, a lot of products and services cost more today than four years ago. Blame Powell or Biden? Take your pick. My son who just graduated from college still live with me because he can't afford the rent at the apartment near his workplace with his current entry-level salary.
Post: Quinn ponders – Are you better off than you were four years ago?
Link to comment from September 18, 2024
There's a clinical paper mentioned that Alzheimer is considered diabetic type 3. My mother is currently in memory-care facility and has been diagnosed with this mental disease. You can buy LTC policy but I question this decision. The best we can do now is taking care your physical health (exercises and eats right) and your mental health (read a book, learn something new).
Post: Avoiding Alzheimer’s
Link to comment from September 17, 2024