Huh, does anyone know about Emigrant Direct?
P-C, before you do *anything*, I strongly suggest buying and reading Personal Finance for Dummies. It explains all of these terms clearly and gives good advice. I don't think you should invest anything until you either understand what you're doing on some level yourself or have hired someone to help you make those decisions.
No, that's a good idea. I think I can at least change my savings account to the ING now, though. That, I understand!
Ah, rewards cards. Also known as "How Nora and Tom get all their kitchen equipment."
It's annoying because I keep seeing all these other cards that are probably better, but I shouldn't be opening up a new card so soon after this one, right?
Is 4.4% considered good these days?
For a bank savings account, it's awesome.
How about for an annuity I won't see the contents of for another 20 years?
I don't think you should invest anything until you either understand what you're doing on some level yourself or have hired someone to help you make those decisions.
Yeah, I read David Bach's "Smart Women Finish Rich" and then when Tom and I got married and a mortgage, "Smart Couples Finish Rich." Reading up on this stuff is important.
I don't think you should invest anything until you either understand what you're doing on some level yourself or have hired someone to help you make those decisions.
Seconded. My rule is, if I don't think I understand it well enough to explain it to someone else, I don't do it.
How about for an annuity I won't see the contents of for another 20 years?
In this class I'm taking this semester, every example we did on annuities was 6 or 6.5%, which may not mean anything, but I've found that the examples are usually based on current available data (the book we're using was published less than a year ago).
The other good thing about a Roth IRA is that you can take out the principal without penalty, so you can use it for a house downpayment or a trip around the world.
Also, use your credit card and pay it off each month. It will really help your credit score when you get to the point when you want to buy something. Just my two cents.
Oh, I do that now that I have a real credit card. The last payment on the other credit card was $1.50. In 2003. But it was totally on time!
Also, I'm buying both those books you recommended.
...from the Amazon Marketplace, because it saves a few bucks. I CAN'T HELP IT.
I won't be able to touch any of my savings for...let's see...another 27 years. That's the downside. The upside is how much my money will have compounded by the time I finally can. Yes, Virginia, there really is retirement.
ING also has 5.2% 12 month CDs.
