05-22-2007, 12:04 AM
I max out my 401K, keep disaster cash in a local savings account and have some traditional iras from rollovers of previous employers.
I don't think the interest you make on regular savings is worth anything from an investment point of view. I want ready cash for emergencies, but my retirement is managed in investments, not savings accounts. I've been making between 11-12 percent since 1989, including the crash.
I also carry no regular rollover/credit card debt. I carry a Discover and two Visa cards that I use regularly. One Visa is for on-line and for my kids to carry in case they need it. My company also provides an Amex, though I use it only for company travel. That way, I have been able to take advantage of "no interest for a year" cards when things like a new engine was needed in my car and when we had 1.5 house A/C units go out in 2 years.
I don't think the interest you make on regular savings is worth anything from an investment point of view. I want ready cash for emergencies, but my retirement is managed in investments, not savings accounts. I've been making between 11-12 percent since 1989, including the crash.
I also carry no regular rollover/credit card debt. I carry a Discover and two Visa cards that I use regularly. One Visa is for on-line and for my kids to carry in case they need it. My company also provides an Amex, though I use it only for company travel. That way, I have been able to take advantage of "no interest for a year" cards when things like a new engine was needed in my car and when we had 1.5 house A/C units go out in 2 years.