rural route
Member
ok thanks van, thought about a annuity but really not interested in those. Found a CD that pays 2.25 on 5 years jumbo plan.
That way money is safe!!!!
That way money is safe!!!!
Tradtional vs Portable
- Thread starter Oldfart
- Start date
I read that Babe Ruth didn't trust the stock market and when it crashed in '29 a lot of his fellow players went bankrupt. He kept his money in CD's and retired very wealthy.
Oldfart
Well-Known Member
Depending on your age and your ultimate goal, a 5 yr CD just might not be the best route. If you are in your 20's or 30's, you have time to recover from just about any bad streak a good Mutual might suffer. Plus 2.25% is a very small return. You can research Mutual Funds in Morningstar or Vanguard and find plenty of proven mutual funds with decades of positive growth and low to moderate risks. Even if we suffer another 2008 scare, being young will allow you the time to recoup a bad streak and still grow your money. If a mutual fund is 25 or 30 years old and has growth of 12 to 15% in that time, you can figure it is a good place to park some money, even if we do suffer another 2008.
If you are older, the CD route might be the way to go as you tend to go conservative with a good portion of your money because you might not have time to recover from a 2008 repeat.
You just need to read some financial websites and get as informed as possible.
The funds Vanguard offers in our 401k are for the most, very good. I would load up your 401k with as much as you can. Fedex will match up to 55% of your contribution, it saves you on income taxes and if you start young and make steady contributions, you can have a very large 401k when retirement time comes. Small sacrifices when you are young will pay off bigtime when you retire.
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If the pension were "free money" FedEx would be handing pensions out to people on the street. And yes, it is pretty bad.
Oldfart
Well-Known Member
You might want to read something besides Mad Magazine and you will learn what and how interests rates work. Maybe your Mom can explain it while she helps you dress in the morning. Until then, you will always be bitter and misinformed.
Route 66
Slapped Upside-da-Head Member
just imagine the things he'd be capable of saying if he "ever had a bitter thought in (his) head".
Since you're an expert on interest rates I'm sure you know that 4% does little more than protect your money from inflation.
Oldfart
Well-Known Member
Considering Bond Funds are lucky to get 2.5% and CD and money markets MIGHT get 1% if you leave them there for 5 years. 4% is an excellent rate for a guaranteed return
Then again, you would whine and cry if it was paying 6%. You cant help it. It's all you know.
Oldfart
Well-Known Member
If FDXSUX and their pension is so LOUSY, why do you punch the clock every day? Got find a job that doesn't suck and one that has a GREAT pension. Oh yea. You would rather
and whine, it gives you a reason to wake up every day.Only 24% of Fortune 500 companies even offer a pension today. Only 7% offer a Traditional Pension. Only 20% offer a 401k AND any type of pension.
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It will be fine
Well-Known Member
Not a bitter thought in his head.
Oldfart
Well-Known Member
Just towards people who whine and
, yet they still punch that clock everyday. If they hate it so bad, why not go find a job with better pay, better benefits and a better pension.Maybe for the same reason you continue to login to this forum every day even though you hate hearing us "whine and
".
Serf
Well-Known Member
Yep. Basically Dept. of Treasury allows for minimum 1% guarantee growth.
Serf
Well-Known Member
I believe I heard that even the calculator tool for PPA is based on a 45 hour work weeks average.
Serf
Well-Known Member
I will spend the rest of my day pondering this statement.
Oldfart
Well-Known Member
Need to learn to read the statements. Been getting 4%or more from day 1
At least I do. Maybe people like you get less
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Oldfart
Well-Known Member
Its a % of your yearly salary. They arent gonna give everybody money based on hours they didnt work.
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