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A place for Get Rich Slowly readers to ask questions
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It is currently Thu Sep 29, 2016 6:37 am

Viewing profile - Siobhan

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Joined: Tue Apr 17, 2007 11:16 am
Last visited: -
Total posts: 36
[0.04% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 29 Posts / 80.56% of user’s posts ]
Most active topic: What are the downsides to a Roth IRA?
[ 5 Posts / 13.89% of user’s posts ]



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Siobhan Posts

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 Forum: General Discussion   Topic: Adding reading lists to Typepad blog?

Posted: Sun Jul 08, 2007 4:08 pm 

Replies: 1
Views: 2978

Has anyone ever seen a widget that'll easily allow you to create a reading list for the sidebar of your blog? By "easy" I mean something like you enter the amazon webpage and it'll extract author, title, possibly the cover art...


 Forum: Personal Finance   Topic: What are the downsides to a Roth IRA?

Posted: Sat Jul 07, 2007 8:51 pm 

Replies: 13
Views: 5448

I guess what you want to do is feasible but its definitely not going to net an immediate $600 per year savings, plus any interest made in the Roth must stay there so if you are counting that money to help bulid for these expenditures you won't be able to touch it. I understand it won't net an immed...

 Forum: Personal Finance   Topic: What are the downsides to a Roth IRA?

Posted: Sat Jul 07, 2007 8:21 pm 

Replies: 13
Views: 5448

I think the downside to using Roth funds to save for a home down payment or a roofing disaster is that you are only allowed to contribute a fixed amount each year to your Roth. So if you use it for something other than retirement, then you've lost out on the year/s you could have saved just for ret...

 Forum: Personal Finance   Topic: What are the downsides to a Roth IRA?

Posted: Sat Jul 07, 2007 7:35 pm 

Replies: 13
Views: 5448

f you have no debt and keep some liquid cash (at LEAST $1000) I'd say go for it, hopefully you can save more than $5000 you can contribute and fund your other account too. Yeah, I think we'd keep at least $5-10k in ING. But what I'm asking is why shouldn't one use a Roth as their general savings ve...

 Forum: Personal Finance   Topic: What are the downsides to a Roth IRA?

Posted: Sat Jul 07, 2007 7:08 pm 

Replies: 13
Views: 5448

But what I'm asking is why shouldn't one use a Roth as their general savings vehicle, aside from its volatility?

That's an entirely different question from "why shouldn't I drain my retirement account?" -- I'm well aware of the answer to that one!

 Forum: Personal Finance   Topic: What are the downsides to a Roth IRA?

Posted: Sat Jul 07, 2007 5:46 pm 

Replies: 13
Views: 5448

Ok, I only recently found out that contributions to a Roth can be withdrawn at anytime without penalties. I'm really, really tempted to open a Roth and start funding it instead of loading up our ING account. Why not? Yes, it's more volatile, but I'm ok with that. Are there any major downsides to a R...

 Forum: Personal Finance   Topic: Am I a being too careful... should I look for a house

Posted: Mon Jul 02, 2007 5:52 am 

Replies: 13
Views: 6561

My only other advice would be: don't buy a "starter home." Buy the house you want to live in for the next 15+ years. Buying and selling houses is costly, so you should only do it when you have to. Don't plan to trade up once you've "built up some equity". The realtor and transac...

 Forum: Personal Finance   Topic: DINKs with some goals

Posted: Mon Jul 02, 2007 5:45 am 

Replies: 13
Views: 5714

Thank you all for your input -- I'm definitely on the front-end of learning and am trying to soak it all in! Your advice is great. The auto & renters insurance is high because my wife was in several car accidents, we live in a downtown zip code (which apparently affects the rate for vandalism p...

 Forum: Personal Finance   Topic: The Best Bits of Financial Wisdom from all over

Posted: Thu May 31, 2007 9:00 pm 

Replies: 19
Views: 12935

2) Buying a brand-new car is a privilege, not a right. They depreciate in value very quickly, so it is quite possible to be upside down on car loans. Proceed accordingly. -who hasn't said some version of this? I think this is key. Nor is owning a home (especially in one's twenties), or eating lunch...

 Forum: Personal Finance   Topic: Does renting make you richer?

Posted: Mon May 28, 2007 7:01 am 

Replies: 7
Views: 4269

I wonder if all the rules about homeowning being a good investment are obsolete, more based on days past when people put down larger downpayments and wouldn't move as frequently as we do today. Because while, yes, houses are a giant hole of maintenance costs, being rid of a mortgage in 20 years woul...

 Forum: Personal Finance   Topic: Passive income for the lazy

Posted: Sun May 20, 2007 4:05 pm 

Replies: 8
Views: 5073

Majikthise is a blogger who I know has been contacted by stock photo companies about buying the photos she posts on Flickr. It's passive income in the sense that she takes the photos as a hobby, not as a speculative side job. However, because she's a prolific blogger on many topics I'm too lazy to ...

 Forum: Fiscal Fitness Journals   Topic: 7 Years to Financial Freedom

Posted: Sat May 19, 2007 3:15 pm 

Replies: 56
Views: 70875

http://early-retirement.org/forums/index.phpis a great place to trade early retirement questions and tips.

 Forum: Personal Finance   Topic: Next step

Posted: Fri May 18, 2007 8:35 am 

Replies: 11
Views: 5142

Personally, I would spend a year or two plopping that $1000/month into a retirement fund before I'd even begin to think about houses.

Trust me, I'm a homeowner, but homeownership can be highly overrated :).

 Forum: General Discussion   Topic: What do you say when your friends do stupid financial things

Posted: Fri May 18, 2007 7:25 am 

Replies: 22
Views: 16350

Her answer: Our families demand it.

Honestly, I've seen a lot of reckless wedding spending rationalized as "our families demand it". It might not be their families' faults afterall.
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