How much should savings should Actuarial Students have by Age 30?

[annuitize]

Originally Posted by Flower

I think he's having problems with the one that teaches you compounding interest.

I'm having trouble with that one too. I have 43K in my checking account earing i = 0%; i^real < 0 assuming i^inflation > 0.

[asdfasdf]

Don't forget that even if i was slightly above 0, it would be taxable at your marginal rate, so your purchasing power is destined to fall.

[annuitize]

Originally Posted by asdfasdf

Don't forget that even if i was slightly above 0, it would be taxable at your marginal rate, so your purchasing power is destined to fall.

You're right. F-ck you taxes.

[Flower]

Why don't you just put 5K a year into a ROTH IRA. No taxes on the interest. You can take out the principle penalty free at anytime. Pretty simple.

In the case of having 43K. Why don't you just open a Vanguard account. Put into something safe. They have savings plans for people that are saving up for something in 3-5 years. Like a boat or a house or a houseboat.

[Flower]

Or why don't you just buy a houseboat and be done with that 43K?

[ElDucky]

Why don't you quit your job, move to the city you want, and use that money to tide you over while looking for a job?

[oofta]

Wait when did fatty come back?

[ElDucky]

I'd guess about 3 weeks later, just in time for the monthly sex.

[Keef]

Does home equity count as savings?

Can someone other than PdT answer that for me?

Thanks!

[asdfasdf]

Originally Posted by Keef

Does home equity count as savings?

Can someone other than PdT answer that for me?

Thanks!

Yes, but if you're underwater on the mortage the amount of the excess counts against it.