No. At this point in life be aggressive. You're not going to be pulling it for another 30 years and the difference in 1-3% annually over that time can be hundreds of thousands.
Personally, I've cooled to Lending Club over the past several months. I have had 3 accounts go into default after only a couple months of payments. One person took out the loan and didn't even try to make payments. Just took the money and ran.
I set up my portfolio as a 9% target. So far, it's netting 3.44%. If you want to do it as an alternative to a savings account it can be a good option. But personally I would stay away from bond/debt type investing for retirement at this point in life.
Right. Apparently just TU & Experian though.What is the penalty for that person just a bad credit report?No. At this point in life be aggressive. You're not going to be pulling it for another 30 years and the difference in 1-3% annually over that time can be hundreds of thousands.
Personally, I've cooled to Lending Club over the past several months. I have had 3 accounts go into default after only a couple months of payments. One person took out the loan and didn't even try to make payments. Just took the money and ran.
I set up my portfolio as a 9% target. So far, it's netting 3.44%. If you want to do it as an alternative to a savings account it can be a good option. But personally I would stay away from bond/debt type investing for retirement at this point in life.
Lending club doesnt put out a court order or anything like that right?
I would err towards an IRA instead unless you get a match, in which case I would only contribute to the match then go back to an IRA. The reason being that with an IRA you'll have more investment options. Companies typically choose a 401k that only has a handful of choices since most people won't invest at all if given too many opportunities (paralysis by analysis).
Well I blew out of my savings to pay my loans off so I have to rebuild that but my plans are the following:
They kill that persons credit, and bug the crap out of them
There will be a reckless purchase in my future for sure. My brother and I do this thing where when we get new jobs/promotions we buy ourselves a gift, and I haven't done it the last two times. That combined with this, is more than enough reason for me to do something crazy.
Why the lol? Curious.
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Just thought the thank me later was kinda funny cause betterment is one of the more well known one in that niche.
Ah OK. I use them for a portion of my investments, no complaints.
), but getting back to $0 seemed like an accomplishment worth sharing. Still off putting to know that I'm more valuable dead than alive with insurance and what not, but the Debts category will be back at $0 soon enough as well.
Join the fake your death club. My whole idea around insurance was to have enough to absolve my family of all their debts in case it ever happens.
Thank you, it means a lot.
I still have a long way to go (approximately $191,435.00 to be specific
Awesome! Congrats. I'll always remember the day I became debt free. A minor celebration every year.
The internet seems to like ETRADE and TD Ameritrade, but look around for what brokerage offers the best match to what you're goals are. I have a Roth IRA (I recommend this over a traditional) with Scottrade just for the low commission fees and already having a brokerage account there.
