TIL...

[thestrangequark]

TIL quite a bit about investing, and starting a 401K. It was actually at least mildly more interesting than I'd imagined, but I think I'll stick to my original plan of writing an internationally best-selling novel and/or children's book, winning the lottery (got to remember to buy a ticket sometime), and marrying a lonely Darcy-esque Englishman heir apparent to a huge estate and gothic manor who needs someone brilliant and cuddly like me to light up his life.

Or I'll go with a split pre-tax and Roth account at 6% of my salary with the first 3% matched by the company invested into a growth-package of mutual funds.

Why is reality so dull?

[RoJoHen]

The last job I had was the only job I've ever had with any kind of retirement package. I left after a year and had something like $1,200 saved up in my 401K. However, since I'm not with the company anymore and they keep taking money out of my 401K, I am probably just going to cash it out and invest the money elsewhere.

[thestrangequark]

^How can someone take money out of your 401K? No one is supposed to be able to touch that money.

[cooleddie74]

I think the Internal Revenue Service can tap into someone's 401K if they've been declared a tax delinquent but even then I'm not entirely sure. I believe they can, though.

[thestrangequark]

^I know creditors can't, but maybe the IRS can because they are special.

[ManOnTheWave]

TIL they sell car parts on Amazon.

[thestrangequark]

They sell everything on amazon.

[ManOnTheWave]

Yeah, but I'm still always surprised to find these things. I shouldn't be. But it still weirds me out that the bookstore might be a decent source of food, medical equipment, pet toys, and car parts.

[trekkiedane]

ManOnTheWave wrote:

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Yeah, but I'm still always surprised to find these things. I shouldn't be. But it still weirds me out that the bookstore might be a decent source of food, medical equipment, pet toys, and car parts.

Still freaks me out that they'd sell coffee (any liquid, actually) in a bookstore -they used to have signs on the doors banning liquids and ice-cream!

[thestrangequark]

ManOnTheWave wrote:

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Yeah, but I'm still always surprised to find these things. I shouldn't be. But it still weirds me out that the bookstore might be a decent source of food, medical equipment, pet toys, and car parts.

It is amazing what you can find!

[RoJoHen]

thestrangequark wrote:

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^How can someone take money out of your 401K? No one is supposed to be able to touch that money.

Well, my 401K is based in mutual funds, and sometimes those lose money. When that happens, my 401K loses money. Or something.

These are all grown up things that I don't want to have to deal with yet.

[thestrangequark]

^Oh, that's what you meant by taking money out! That makes sense. Yeah, mine is going to be in mutual funds too, it's a shame, but gambling is really the only way to go for people our age -- unless a miracle happens with social security.

[RoJoHen]

I think that's what I meant, but I'm not also not 100% sure.

[Zion Ravescene]

ManOnTheWave wrote:

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TIL they sell car parts on Amazon.

thestrangequark wrote:

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They sell everything on amazon.

thestrangequark wrote:

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It is amazing what you can find!

All sorts of amazing things. And the customer responses...

[thestrangequark]

^I LOVE Amazon customer responses and reviews! I can't remember what product it was for, but I think my favorite was a review that went something along the lines of, "Sometimes, when I can't sleep at night, I take off all my clothes and smear myself with vaseline, then slide around on the kitchen floor pretending to be a slug."