MrMut

I like the ease of one card, but if it's worth the time/energy, i am open oto suggestions

Hi all, I currently have 1 credit card: AMEX blue with rewards (and a debit card). I use the amex for EVERYTHING so i can reap the benfits of rewards. I pay it off every month, have around $20k in credit on it and have never had a problem. I usually put $1-2k/month on it. I am curious if there are other (better) cards out there that i should consider. I have done some reading and it seems there may be some nicer options to try out, but you are the experts I've had the amex around 10 years. About me: - tier 1 credit - never a late - no debt - i don't travel as much as i should, so i would use points on purchases or cash back. What do you all think? Worth shopping around for a new card that offers better rewards? Thank you!

+1 to everything said here...I have been with ING 6 years now and been quite satisfied with them. Same here. ING for many years and very happy with them.

We received our full official options today: Roll over into company 401k Roll over into an IRA (traditional or Roth) Annuity Cashing out My only options are really #1 or 2. I'm under 30, so #3 is useless to me at the moment. #4 requires a nearly 35% hit once taxes/penalties are figuring into the equation. Not worth it... Thinking about an IRA so i can take the money out whenever and not be hit too hard... I was hoping to add this $$ into my rainy day savings account, but that's not going to happen.

I don't... but i keep an eye on the online statements. I always keep a cushion of $$ in my checking though in case errors happen that i miss. Rarely do i let it get low.

Congrats! I was so close

Trying to stay under $400 this year.

As an under 30 year old investor who has had a 401k for the last ~5 years and knows many people who lost a ton over the past 2-3 years, i consider myself very cautious with investments. Mostly due to the fact i do not know enough about the "system" to work it and potentially increase my earnings. I use the target date funds for my 401k and so far, i think it works very well, especially for someone who does not want the risk of moving money around, watching the markets, potentially making a very large bad move, etc. Sure, i may not be earning as much as i could, but as long as I'm in the black, I'm pretty happy.

I want a pet, but this is the primary reason i don't get one. Too much $$ at the moment.

Yup, fire away! You may also want to search for budgets that have already been posted int his forum and read the advice... it'll probably be very similar to what you'll receive in this thread.

Thanks so much for the advice everyone! It is really helpful and much appreciated! Just out of curiosity, isn't the "usual" advice to max out your 401k for the year before you put money into a roth ira?

That's actually a very good idea. Put all the money into the 401k and then temporarily reduce my contribution (not below company match though). I save myself the tax hit and still come out with some money to spend. Thanks for the great suggestion!!

Hi all, My company has recently announced that it is shutting down our Pension plan due to the cost of it (not shocking). I'm going to have around $15k in it (I'm under 30 y/o) and I'm not sure what to do with it. They haven't listed the official options yet, but i believe some of the options will be to roll it into my 401k, put it into an IRA, have a check cut (with taxes removed), etc... I currently put 10% of my income into my 401k. 3.5% company match. I currently have a solid years worth of money in savings for a rainy day. No debt, car is paid off with low miles on it, live below my means, etc... I was thinking of getting a check cut and enjoying half the money (vacation or buy a few toys) and putting the other half in savings. I already put a good amount of $$ into 401k (although, I'm not maxing the ~$15k/year limit), so not sure if that would be the best fit for it. What do you think? Ideas/suggestions? Thanks!

Hi all, My father, who was laid off 6 months ago, is nearing retirement age. He is intrigued by annuities and may roll his 401k into it. From what i read and from what he describes, they seem pretty decent. But one looming question, how do these companies GUARANTEE a XX% return and guarantee they'll be able to keep money flowing if people live to 100+ years old? What are they backed by? Sounds almost like a ponzi scheme to me, lol Thanks for the help and info!

Right now is eating out while dating someone new. Talk about a huge expense sometimes... lol