Comments for My Money Design http://www.mymoneydesign.com Designing Financial Freedom Sat, 21 Apr 2018 11:04:27 +0000 hourly 1 https://wordpress.org/?v=4.9.5 Comment on How After-Tax 401(k) Contributions Can Take Your Retirement Savings Even Further by MMD http://www.mymoneydesign.com/personal-finance-2/retirement/after-tax-401k-contributions/#comment-103404 Sat, 21 Apr 2018 11:04:27 +0000 http://www.mymoneydesign.com/?p=10390#comment-103404 Just to be clear:
If your employer offers after-tax 401k contributions and your contributions have totaled less than the initial $18,500 limit, then they are going into a Roth 401k (if this is what you’ve selected) and they are growing tax-free.
This article is talking about contributions beyond the $18,500 limit.

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Comment on Which Is Better – Rental Income or a Stock Market Index Fund? by Sunil Jagani http://www.mymoneydesign.com/personal-finance-2/stocks/which-is-better-rental-income-or-a-stock-market-index-fund/#comment-103378 Wed, 18 Apr 2018 20:22:41 +0000 http://www.mymoneydesign.com/?p=2280#comment-103378 According to my analysis

If the rental income covers a 10 to 15 years mortgage (not 30) then rental property wins, else the Index Fund Wins.

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Comment on How After-Tax 401(k) Contributions Can Take Your Retirement Savings Even Further by Matthew Allen http://www.mymoneydesign.com/personal-finance-2/retirement/after-tax-401k-contributions/#comment-103365 Tue, 17 Apr 2018 09:33:48 +0000 http://www.mymoneydesign.com/?p=10390#comment-103365 Thanks for clearing things up for me a bit MMD! My employer DOES offer after-tax 401k contributions… but I was confused as to whether or not that automatically meant that it was a Roth 401k. I’ve heard of some companies who actually offer Roth 401k’s – and I was thinking that maybe the two things were one in the same.

In fact – I have a co-worker who is contributing to his 401k ONLY thru after-tax contributions and I think he is under the assumption that those savings are growing tax free like a Roth.

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Comment on 5 Secrets About Money That the Rich Know and You Don’t by Wendy http://www.mymoneydesign.com/personal-finance-2/savings-budgeting/secrets-to-money-what-the-rich-know-about-building-wealth/#comment-103302 Tue, 10 Apr 2018 20:31:24 +0000 http://www.mymoneydesign.com/?p=10350#comment-103302 ]]> Great article and content 👍🏼

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Comment on Does the 3% Signal Investment Strategy Really Work? by Steve W http://www.mymoneydesign.com/personal-finance-2/stocks/does-the-3-signal-investment-strategy-really-work/#comment-103251 Tue, 03 Apr 2018 02:31:28 +0000 http://www.mymoneydesign.com/?p=8974#comment-103251 Would you please share more info on your strategy? Thanks!

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Comment on How to Retire on $500,000 In Your 50’s or 60’s by JP http://www.mymoneydesign.com/personal-finance-2/retirement/how-to-retire-on-500k-in-your-50s-or-60s/#comment-103249 Tue, 03 Apr 2018 00:39:03 +0000 http://www.mymoneydesign.com/?p=9887#comment-103249 Great insights. Thanks.

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Comment on How to Retire on $500,000 In Your 50’s or 60’s by Ken http://www.mymoneydesign.com/personal-finance-2/retirement/how-to-retire-on-500k-in-your-50s-or-60s/#comment-103248 Tue, 03 Apr 2018 00:05:20 +0000 http://www.mymoneydesign.com/?p=9887#comment-103248 A good article, and I’d like to add a couple of things to consider.

1. If you have a spouse, you get two Social Security checks per month — yay! — until one of you dies. Then it’s just one check a month. Many people will qualify to get the larger of the two checks, so there is that.

2. Health insurance is a huge issue for which there are few good options. Much depends on where you live, and whether your employer offers anything to retirees. I’m planning to work until 62, when my employer will let me retire and stay on their health plan by paying the full amount — still far less than going on the private market.

3. My retirement planning revolves around two questions: what will our monthly income be when we’re too old to work part time, and what will it be for the surviving spouse. Adding part time income is easy at age 65, not so much at 85, at least for most people. (Of course, the other big part is “what will our expenses be at those times” but that’s harder to figure out from this end, especially with health care.)

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Comment on How To Keep Our Jobs From Being Replaced By Robots by Sandra warden http://www.mymoneydesign.com/lifestyle/career/how-to-keep-our-jobs-from-being-replaced-by-robots/#comment-103247 Mon, 02 Apr 2018 22:13:39 +0000 http://www.mymoneydesign.com/?p=9864#comment-103247 I wanted to add- I don’t know if that was the source of the teller’s attitude-maybe she had just given up and was going through the motions (no excuse). I left because I became a ” floating” teller- sometimes working at branches 40- 50 miles away. Not worth it financially for me.

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