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Just Found out homw much my bonus was

Originally posted by: FiLeZz
6K now where to spend it all.. 🙂
Click to expand...

My bonus is bigger than your bonus, nya nya nya nya nya!!!

J/K!

Nice bonus, put some away, spend some on yourself, and if you have a significant other, treat her to a nice nite out.
 
Originally posted by: dquan97
Roth IRA
Click to expand...

speaking of this ... I need to find more information on Roth IRA's. anyone have a good site, aside from goodle, like one that is very reliable, to find out more information on it? my new job starts in a few weeks, and I want to start an IRA as soon as I get my first check. This is my first job out of college btw.

from my business class in college, my professor told me that a Roth IRA is the best one to get when investing for the future. if i remember correctly, you can put $3000/yr , $250/mo into it, and if you wait until you are 60 yrs old to take it out, you won't have any taxes taken out as well. and not to mention, he claimed that by the time you take it out at 60 yrs old, you will have way over a million $$ in it. is all that true?
 
Originally posted by: FiLeZz
6K now where to spend it all.. 🙂
Click to expand...

Taxes on a bonus are going to tear you a new one.
Unless they add extra to cover all the taxes don't
count on getting anything close to that 6K.

But what ever you get is better than a stick in the eye huh? 🙂

 
Originally posted by: purbeast0
Originally posted by: dquan97
Roth IRA
Click to expand...

speaking of this ... I need to find more information on Roth IRA's. anyone have a good site, aside from goodle, like one that is very reliable, to find out more information on it? my new job starts in a few weeks, and I want to start an IRA as soon as I get my first check. This is my first job out of college btw.

from my business class in college, my professor told me that a Roth IRA is the best one to get when investing for the future. if i remember correctly, you can put $3000/yr , $250/mo into it, and if you wait until you are 60 yrs old to take it out, you won't have any taxes taken out as well. and not to mention, he claimed that by the time you take it out at 60 yrs old, you will have way over a million $$ in it. is all that true?
Click to expand...

$3,000 a year is correct, but its going up to $5,000 soon. $250 a month is wrong. In fact, you should put all of your $3,000 in to it at January, so that way you aren't losing a bunch of months that you could have been earning interest.

59.5 years and there is no penalty to pay on gains. Otherwise you can take out your money you put into anytime, just not the gains.

As for over a million if you just put $3,000 a year? don't bet on it. thats with extremely high rates of return. don't bet on it.
 
Originally posted by: austin316
Originally posted by: purbeast0
Originally posted by: dquan97
Roth IRA
Click to expand...

speaking of this ... I need to find more information on Roth IRA's. anyone have a good site, aside from goodle, like one that is very reliable, to find out more information on it? my new job starts in a few weeks, and I want to start an IRA as soon as I get my first check. This is my first job out of college btw.

from my business class in college, my professor told me that a Roth IRA is the best one to get when investing for the future. if i remember correctly, you can put $3000/yr , $250/mo into it, and if you wait until you are 60 yrs old to take it out, you won't have any taxes taken out as well. and not to mention, he claimed that by the time you take it out at 60 yrs old, you will have way over a million $$ in it. is all that true?
Click to expand...

$3,000 a year is correct, but its going up to $5,000 soon. $250 a month is wrong. In fact, you should put all of your $3,000 in to it at January, so that way you aren't losing a bunch of months that you could have been earning interest.

59.5 years and there is no penalty to pay on gains. Otherwise you can take out your money you put into anytime, just not the gains.

As for over a million if you just put $3,000 a year? don't bet on it. thats with extremely high rates of return. don't bet on it.
Click to expand...

Yea thats what he told us, and I don't remember the math exactly involved in it.

also, how come Roth is better than a normal IRA ?
 
Originally posted by: FiLeZz
6K now where to spend it all.. 🙂
Click to expand...

/closes eyes

/rubs temples with index fingers


I see......something.....wait....it's clearer now. I see a man in a Boxster spending audacious amounts of money on HT equipment....yes....I'm sure of this.


😛

 
Originally posted by: purbeast0
Originally posted by: austin316
Originally posted by: purbeast0
Originally posted by: dquan97
Roth IRA
Click to expand...

speaking of this ... I need to find more information on Roth IRA's. anyone have a good site, aside from goodle, like one that is very reliable, to find out more information on it? my new job starts in a few weeks, and I want to start an IRA as soon as I get my first check. This is my first job out of college btw.

from my business class in college, my professor told me that a Roth IRA is the best one to get when investing for the future. if i remember correctly, you can put $3000/yr , $250/mo into it, and if you wait until you are 60 yrs old to take it out, you won't have any taxes taken out as well. and not to mention, he claimed that by the time you take it out at 60 yrs old, you will have way over a million $$ in it. is all that true?
Click to expand...

$3,000 a year is correct, but its going up to $5,000 soon. $250 a month is wrong. In fact, you should put all of your $3,000 in to it at January, so that way you aren't losing a bunch of months that you could have been earning interest.

59.5 years and there is no penalty to pay on gains. Otherwise you can take out your money you put into anytime, just not the gains.

As for over a million if you just put $3,000 a year? don't bet on it. thats with extremely high rates of return. don't bet on it.
Click to expand...

Yea thats what he told us, and I don't remember the math exactly involved in it.

also, how come Roth is better than a normal IRA ?
Click to expand...
you dont pay tax on the interest that you earn wehn you take teh money out
 
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