My 'Economics' Was more about Government issues and Building Codes things of that nature which didn't help and most of it made NO SENSE whatsoever
@Nomad3 wrote:
@Girlzilla88 wrote:I really really wish our schools would have taught us about Credit, Taxes, 401 Savings, Home Buying etc but that was skipped for me and a lot of others
Yeah, my economics class (where this would potentially be taught) was taught by a football coach and the gist of the class was go to a new restaurant and write a review of it 1 page long. Coach didn't even read the papers, if it was 1 page long you got a 100, I got a 70 for being one line short of a full page. We also watched a lot of movies.
I think personal finance used to be covered in home economics class. My high school econ classes covered micro & macroeconomics concepts.
@tacpoly wrote:
@Nomad3 wrote:
@Girlzilla88 wrote:I really really wish our schools would have taught us about Credit, Taxes, 401 Savings, Home Buying etc but that was skipped for me and a lot of others
Yeah, my economics class (where this would potentially be taught) was taught by a football coach and the gist of the class was go to a new restaurant and write a review of it 1 page long. Coach didn't even read the papers, if it was 1 page long you got a 100, I got a 70 for being one line short of a full page. We also watched a lot of movies.
I think personal finance used to be covered in home economics class. My high school econ classes covered micro & macroeconomics concepts.
Current university first year econ is likewise micro and macro (with or without calculus).
Personal finance I honestly don't know if it's taught other than perhaps in a specialist math program that's leading towards quant and financial analysis.
To echo iced's point: I'd strongly suggest finding a rollover IRA with a full suite of good options (Schwab, Vanguard, Fidelity, or even one of the major banks in a generalized account) because frankly most 401K's I've had, and I've had a bunch, are between suboptimal and absolutely suck for investment options.
Flexibility is good, and 401k's generally don't offer that.
The pimp I have my 401k stashed at currently was substantially under the rest of my accounts in terms of growth last year though admittedly I dumped most of that into small cap and foreign/emerging markets which the rest of my portfolio has little of, but if I do drop off their benefits package (they kept me on as basically a retainer fee which I have to admit was a nice touch) I'll be stuffing all that money into a rollover account with a quickness... been picking better individual foreign stocks than their managed funds =/. Yes I know that's partly luck but still, I'd like to have the option to drop it into something like the global MCSI or something specific like maybe a Nikkei ETF rather than a broad-based actively managed fund =/.
Tempted to drop the hedge this year come to think of it, suspect global market other than China is going to be flat, again.
Yes I currently have Vanguard which I am trying to add everything to it. But it sounds like tryning SS or checking previous tax statements might be a good way to try 