Voya provides a slide illustrating this example and it makes me want to start and contribute to the Roth 401K. I could do the $19.5K/yr if I stopped buying $10K a year of VOO in my brokerage account, but I don't want to be illiquid. I currently split this new 401K into 8% pre-tax and 4% post-tax.
gotta factor in your current salary and tax bracket, predicted future salary and tax bracket, predicted income in retirement, what tax bracket you think you'd end up in in retirement, on and on
if a finance company is using 35k as baseline income and unchanging over 30 years that'd lead to way more questions than answers
That’s I’ve tried predicting income in retirement and its is damn near impossible (both mid-30s). It will be significantly less than it is now, but I still like the thought of pay now vs pay later. The 12% that my company puts in will be taxed later, so the Roth 401k is kind of hedging anyway.
Yes. It just means you pay less tax out of your paycheck if you do the pretax, so you have more in your paycheck that you can use for a Roth IRA. Or if your company allows after tax contributions to be converted to Roth, you can do the extra money there. But you only have to worry about that if you have maxed the $19,500 limit (and it's available).
When my company provided a Roth 401k option, I had switched to it fully. Maxing that out for 11 years and I had 75% Roth in my account. So I switched back to traditional and they started allowing after tax Roth conversions, so I can toss a few percentage there too and still do extra Roth after the IRAs.
Blood today, fellas. I'm down 2.25% in the pre-market. Could get ugly. Also, great day to buy some discounted stocks.
Not sure how long this tech sell off lasts, but a lot of good stocks are coming way down off their highs and have been for about four months.
I fortunately made the move almost completely out of tech and into industrials in February. I was up about 25% for the year until yesterday afternoons slide and then this morning. NUE, CAT, MMM, JNJ, LOW, AB, and WHR have been big winners for me this year. AAPL and PENN are my big losers so far.
Good timing. I setup a Roth IRA with 4 main indexes at the same time I bought a ton of tech/growth in my online brokerage, and that has been just an amazing case study in why I shouldn't pick individual stocks. Brokerage down at least 30%, Roth up 5% over exact same time period
I'm about to lose a lot of money today. May be time to go full cash EOD. My gut was screaming sell yesterday of course I didn't listen
Jeez today looks bad. How much of crypto's rise can be attributed to tech sucking a fat dick the last 3-6 months?
Yeah, last Friday I was on like 4 or 5 days up 1%+ and I told myself I should cash out and sit on the side for a little bit. Of course I didn't. Just gotta let it ride now...you don't lose money until you sell.
Fuck that, you lose money when you lose money. Subscribing to that thought process is exactly how you get wiped the fuck out. I can't afford to have that happen atm, currently trying to buy something. Losing a couple thousand is one thing, losing everything is a completely different thing and I don't have the stomach for that. This is a nightmare
I'll sell for a loss before I let myself get wiped out. This is an overdue correction. I'm going to ride through it mostly. Also, my brokerage account is something that while I'd prefer not to lose it all, I could and I'd be OK. I'm a substitute teacher that has $5mm in properties.
Sounds like a risk capacity issue. If you need the money you have invested soon and it is for an important purpose, then it shouldn't really be in the market, or be in very conservative investments.
I’m just here to ride the wave. Never put in money that I would need in less than a year or two. Having said that, it has sucked watching my portfolio of late.
Same. I keep telling myself not to open my app but I can't stop. It's about on the level of looking at scalded feet pics from Smuggy
FCX… I don’t think I would ever sell Apple if I owned it directly, with all that cash they can run when rising rates crush lesser tech.
I’m sure there are multiple factors at play for such a long red streak on stocks. In fact, on a podcast I heard one guy talk about firms investing in real estate in case of hyper inflation. but does anyone think this really long correction could be in part due to so many people riding this crypto bull run?
Dunno but I’m selling everything because I think that’s enough loss. Would’ve been nice to see some real gains like others over the past year but at least I’m walking way with pretty much what I got in with. gotta know when to throw in the towel
History has shown us that selling at a time like this results in you missing out on a couple of the plus 5% days, which kills you in the long run.
I've just been gaining and losing money. Nothing ever sticks. So I'm not sure why I should continue mind you, I lost a shit load of money in the beginning. I'm happy just to pretty much walk off even. This is a fools game and I'm done playing.
Do what you gotta do. If you want some actual feedback- go pick a few strong stocks with a dividend, invest in them, and do not look at them for 20 years. JNJ, PG, AAPL, MSFT, CAT, JPM, etc.
I hold very few stocks in my actual investment/gambling account. Usually I don’t get too fired up about it, but going from like +60% to the red on draft kings is pissing me off.
There’s correlation between the frothiness in both crypto and stocks… a lot of naive/speculative money. And yeah, the single family residential rental category has been steadily invaded by private equity and a couple big public holding companies. It’s one reason I’ve been so hesitant to sell any of my properties in this hot market, I’m not sure I could get them back… cheaper… or ever.
Not to be a dick but there’s a chart out there that correlates perfectly to what you are describing, and in that chart you sell right now and miss the next 20% up.
Unfortunately it wouldn't work out that way for me I've been at this months. No gains to speak of sir, good luck to the rest of you. Some people just don't have it and i'm ok with that.