When I logged into my 401K account recently I got a fun surprise. After five years working at my current employer, I am officially fully vested in the employer contributions to my 401K. (For those not familiar, this means that the matching funds my employer has been putting in for the last 5 years are officially all mine and can’t be clawed back if I leave the company.)
With this good news, I was excited and wanted to show off to Mr PoP, so I checked his to make sure I had my bragging stats correct. But what did I find? He is ALSO 100% vested in his 401K! Wow!
So What Does This Mean?
Continue reading We’re Vested… Now What?
Today we’re bringing you another round of He Said/She Said. These posts are really your chance as readers to hear how discussions (and sometimes disagreements) play out when managing our lives with each other. For a look at some of the past He Said/She Said discussions – check ‘em out here.
Bullying is all over the news lately. From the charges dropped against the teenagers accused of cyberbullying that led to the suicide of a Florida 12-year-old a couple of months ago to the bullying scandal among Miami Dolphin’s teammates that’s now under investigation, it seems like bullying comes in all shapes and all sizes. Especially in Florida. =/
So when I saw this quiz about financial bullying at Credit Karma, let’s just say I was already primed for interest.
According to the site/study, “Financial bullies intimidate and manipulate their partners by controlling all of the household finances.”
Hmmm.. But I control all of the household finances!?! Am I a financial bully? I definitely wear the financial pants in the family, and might be called the budget enforcer inasmuch as we have one… So, to ease my own conscience, I made Mr PoP take the quiz, which consists of just 7 questions with a 4 choice strongly/somewhat agree/disagree answer choice.
This He Said/She Said is in a little different format than usual. But here’s how taking the quiz went. Continue reading He Said She Said: Financial Bullying
As I write this, the Dow Industrial Average is above 16,000. The S&P 500 is over 1,800*. These are records, people. Well, not inflation adjusted records, but at least nominally.
We have money in the market in the form of our Roth IRAs and our 401K accounts, so those accounts will probably look a little plump if I sign into mint tonight**. But the thing is we’re just now getting around to setting up more taxable investment accounts since we spent the last year and a half de-leveraging to the tune of $100K.
Yup, long-time readers know that when we started out blogging here about a year and a half ago, our balance sheet looked very different than it does today. In addition to our current mortgage and our revolving credit card balances (that we use to earn rewards), we had:
- $38K drawn on a fully-extended HELOC on our duplex,
- $50K that we owed to Mr PoP’s parents since we borrowed it to initially buy the duplex, and
- $8.6K on a car loan for Mrs PoP’s car.
- Total: $96.6K in non-mortgage loans.
We’re Clearly Not Anti-Debt
Continue reading Woulda, Shoulda, Coulda? Regrets On Debt Payoff?
While the calendar may say November, the PoP household is already planning for 2014. It’s shaping up to be a banner year for travel; we’re looking at a Berkshire Hathaway shareholders meeting in April, another blogger conference in the fall, and possibly even Burning Man for Mr. PoP in the late summer.
Of course, nothing in life is free, so we’re also thinking how to lower our expenses to pay for all this awsomeness. Mrs. PoP is lining up credit card with great airline miles, and we’re also figuring out how to switch to Ting for our phones, but we’re also looking at some more interesting changes as well. How does everybody feel about moving from two cars down to one?
Introducing… The Q1 Car Challenge!
Continue reading Q1 Car Challenge
This is part 5 in our series on the recently published book, Happy Money: The Science of Smarter Spending, by behavioral scientists Elizabeth Dunn and Michael Norton. Their tagline is:
“If you think money can’t buy happiness, you’re not spending it right.”
According to their research, there are five basic ways in which money can be spent that increase happiness for the average person.
- Buy Experiences
- Make It A Treat
- Buy Time
- Pay Now, Consume Later
- Invest In Others
And we’re hitting these main points one-by-one. Feel free to start at the beginning (links above) or hop right into this week’s.
Part 5 – Invest In Others
Continue reading Happy Friday – Happy Money: Invest In Others