Retirement

[nmoore63]

https://en.wikipedia.org/wiki/Spintria

[floam412]

Stretch out your Student Loans as long as possible, those are going to have some kind of "forgiveness."

If you're not married, focus on that. Your wife's career will determine where you will live (or your career if it is the driver). Then buy a cheap house kind of near where you work (40 min max). Then have kids as soon as possible. Don't run up bills. If you have some (other than Student) loans, pay those off first, then buy a house and pay it off as soon as possible.

What makes you think that there will be any kind of "forgiveness" on student loans? I call bullshit, but I'm sure you have some other insight that I don't on the matter. I don't believe there to be a "student loan bubble" like what happened with the housing crisis in 2008. If so, is there any proof you can provide that Banks/Gov. are recklessly handing out student loans, other than a somewhat large sector of students picking shitty majors to study and not getting good jobs?

I just feel the best bet for me starting off as of right now after college is to pay off everything as quickly as possible to have no accruing interest and go from there. By "there", I mean invest in stuff that will stay ahead of inflation.

This thread has me thinking more about my own retirement plans. We have a home that will be paid off before either of us retire. We also have a rental property, 401ks and some other savings. Our savings are in various mutual funds. I've never bought individual stocks on my own, but have thought about that as another avenue to build savings and have a little more direct control over where our money is invested.

Maybe this spins off into another thread, but I'm looking for some advice on buying stocks. Should I get into that on my own or just continue to let the mutual fund and Financial advisers do that work for me? I'm not looking to pull money out of my 401k to buy stocks. More looking at an additional avenue for investment. Is there a preferred app or company to do this through? Where do I start?

Forget stocks. Forget all the hyped-up ways to make money passively.
Retirement is about not working but you will want to do something. Playing golf is for losers, but here's an idea:
Buy collectibles with that money you have earmarked for stocks, something you collect now. If you collect it, other people do too, and when you're retired, sell off the collection a bit of a time on eBay & at collectible shows. This method of "saving" is fun going in, and going out, plus, collectibles keep up with inflation.

Hint: only collect something that you enjoy collecting: don't make it a job, it's entertainment.

Actually I do that as of right now and plan on continuing to collect items (I play golf too )... I was interested into cryptocurrencies pretty early on and put some money into them by working a part time job while going through college (and paying for the occasional beer and cocktail ). Sure I made a pretty good profit, but plan to keep that new found wealth in the "cryptosphere" and leave it there, while sometimes buying physical coins with those currencies. You'll see these around on cryptocurrency forums and are pretty popular amongst other cryptocurrency fans. Many of them are made of PM's too, so it's like a tripple whammy. Silver/Gold + Crypto + Collectible item.

Point being, I feel if you are able to live within your means while also throwing extra cash away in investments whenever possible... while also giving yourself the opportunity to take chances and enjoy yourself whenever possible then you should be fine in the long run. Maybe it will bite me in the ass later on in life, but it's going to be fun finding out.

[Martin Hash]

Dude, sounds like you got it handled. Don't mind me.

[floam412]

Dude, sounds like you got it handled. Don't mind me.

Honestly, I'm interested in what are your thoughts about the student loans forgiveness statement... wasn't meaning to come off as an ass, lol. I just haven't heard of such a thing being a possibility before.

[Martin Hash]

Outstanding Student Loan debt right now is about $1.5 trillion with around 12% in default, about 5 million people. The number is expected to go to 40% default, unbankruptable. Forgiveness is the only answer.

[floam412]

Outstanding Student Loan debt right now is about $1.5 trillion with around 12% in default, about 5 million people. The number is expected to go to 40% default, unbankruptable. Forgiveness is the only answer.

But what would that even look like? Another "the end of capitalism is near!" apocalyptic event? And if the banks/government can't withhold themselves from handing out irresponsibly then it should be on them... I'm so tired of this "too big to fail" bull shit excuse. Kicking the economical (and environmental) can down the road is kicking the nuts of future generations.

Anyways... getting off topic.

[Martin Hash]

Like all the other “money problems,” the printing presses are the answer, which is why you should invest in collectibles.

[DBTrek]

Printing $1.2 trillion would not be good.

Consider what a dollar is worth now.
Then, consider what it will be worth if the Fed prints 1.2 trillion more of them.

That’s not a solution, that’s the collapse of a currency.

[MilSpecs]

Outstanding Student Loan debt right now is about $1.5 trillion with around 12% in default, about 5 million people. The number is expected to go to 40% default, unbankruptable. Forgiveness is the only answer.

I have a bad feeling that they're going to pick serfdom over forgiveness. We're already seeing companies advertise student loan payoff help as part of their compensation packages. How long will it be before that part grows larger and supplants salaries? Nondischargeable debt was the worst thing we allowed to happen to this generation.

[Smitty-48]

Consider what a dollar is worth now.

Current yield on a 10 year treasury bond is 2.84%, that's an historically low yield, which means historically high demand, to put that in perspective, the historic peak in terms of yield, and therefore lack of demand, was 15.68% on 21 September 1981.

In real terms, the dollar is worth now, roughly what it was worth in 1960, worth being a function of relative demand.

Ergo; relative historical decline in the value of US Dollar; fake news.