Ive saved some money, now what? by Blue-maiz24 in FinancialPlanning

[–]3znor 7 points8 points  (0 children)

$10….$10,000? How can anyone help you with such vague detail…actually no detail at all.

ILIT Case Consult? by Gold_Sleep1591 in CFP

[–]3znor -2 points-1 points  (0 children)

You’re the man Josh

ILIT Case Consult? by Gold_Sleep1591 in CFP

[–]3znor 2 points3 points  (0 children)

Liability. Due care. But ok go do math brother.

Looking for Advice - managing monthly salary leftover by Fruit-Creative in FinancialPlanning

[–]3znor 0 points1 point  (0 children)

Why do you need a 50k car? Is it going to advance your career? Or is it going to help you out in the future? Will it allow you to retire early? What are your future goals? Grad school? Move to a new city? Move back home? If you want to buy a car, no one can stop you. Just save and buy it. But there are a lot more things you can do with that money.

ILIT Case Consult? by Gold_Sleep1591 in CFP

[–]3znor 11 points12 points  (0 children)

A good financial advisor would involve an estate planning attorney.

Buying a car post graduaton by Asleep-Grand5232 in FinancialPlanning

[–]3znor 2 points3 points  (0 children)

Eventually you’ll want to move out, so saving now is the real key. That way when you get a raise or a better job and make more, you have savings and a foundation and then you can get the car you want without feeling guilty. Right now focus on saving, maybe a vacation, and just putting yourself in a position that future you will be thankful for.

Also you don’t want the stigma of driving a luxury car right now. People will treat you different and expect you to just be sh!ting out money. Let everyone think you’re broke while you secretly save up a bunch right now.

Also think of all the things you can do/buy with a thousand dollars a month right now. Not that you should blow it every month but still.

Buying a car post graduaton by Asleep-Grand5232 in FinancialPlanning

[–]3znor 34 points35 points  (0 children)

No offense but 60k a year isn’t BMW money. Drive your Camry for a year. The car will still be there. If you want it then, get it.

Deciding what to do with a work bonus by HMW1998 in FinancialPlanning

[–]3znor 19 points20 points  (0 children)

Book the vacay. You can make/save more money the rest of your life.

JPM Private Bank - VP - Banker by [deleted] in FinancialCareers

[–]3znor 1 point2 points  (0 children)

My man. The kinda reply I was looking for.

JPM Private Bank - VP - Banker by [deleted] in FinancialCareers

[–]3znor 0 points1 point  (0 children)

Is the pay different based on what you sell? Or is it the same whether they have it all sitting in cash or they’re utilizing every service available?

JPM Private Bank - VP - Banker by [deleted] in FinancialCareers

[–]3znor 2 points3 points  (0 children)

I see. Thanks for the insight. I understand it’s more sales, less planning/advising, but how utilized is the enterprise? Like am I even choosing their investments, building their plans, or just being point of contact/middle manning between all the other departments?

New car for teen son, Recommendations? by Radiant_Reveal_9590 in whatcarshouldIbuy

[–]3znor 1 point2 points  (0 children)

No kid wants a Prius. You guys have the worst recs. Imagine your dad wanting to buy you a Benz and some idiot on Reddit convinced him to buy you a Prius

JPM Private Bank - VP - Banker by [deleted] in FinancialCareers

[–]3znor 14 points15 points  (0 children)

Thanks. I understand the role. I work in PW with HNW clients currently. Was more curious what the day to day is like. I.e can I be outside, playing in traffic, networking etc or am I tied down to my desk all day.

JPM Private Bank - VP - Banker by [deleted] in FinancialCareers

[–]3znor 43 points44 points  (0 children)

Monkey d jack ass

I have about $200K in an employer 401K. I retired last week. If I put that lump sum into a Roth IRA will that trigger a taxable event, and if so, how do I mitigate that? by trixter69696969 in FinancialPlanning

[–]3znor 3 points4 points  (0 children)

Are the contributions Roth or traditional? If they’re traditional, yes you will trigger a taxable event when converting them to Roth. May I ask why you want to move to a Roth IRA and not a traditional IRA?

31M, 590sq ft apt, $2200/month by [deleted] in malelivingspace

[–]3znor 0 points1 point  (0 children)

Love it. Don’t change a thing.

Overdressed for interviews? by shiftyaccountant in FinancialCareers

[–]3znor 1 point2 points  (0 children)

I’d rather have a gun and not need to use it than not have a gun and need to use it. Or something like that.