We have a pretty good plan, I work for a large company. I hope we transfer to after tax but I can’t find anywhere that says one way or another. Haven’t cared enough to ask. Guess I’ll find out tomorrow.
My HSA let’s me put in an annual amount I want to contribute and automatically adjusts. Wish 401ks worked that way. So much easier.
My payroll system automatically caps the 401k contribution and reduces my contribution in the last paycheck as needed.
Look in your literature. Mine does a true up. So if someone maxes out the 401k early, at the end of the year they contribute the match for the rest of the year. But not all plans do that.
One of my previous companies 401k is in a target date fund, which I know is dumb. Anyways it’s T Rowe Price 2050 and that thing was somehow down 5% the other day but I cannot figure out for the life of me why. How would I even determine that?
I know nothing about that particular one or why it dropped, but for people who never want to think about their retirement funds target dates are not inherently dumb. Just depends on the fees.
Probably distributed dividends and capital gains that day and may have been a down market day as well.
I checked the fact sheet for the target 2050 but all of the fund’s investments are other funds. So I’d have to check the fact sheets for each of those funds and that’s more work than I can do right now. Spoiler HOLDINGS TRP Value - Z 20.1% TRP Growth Stock - Z 18.5 TRP Equity Index 500 - Z 9.8 TRP International Value Equity - Z 7.7 TRP Overseas Stock - Z 7.3 TRP International Stock - Z 6.7 TRP Mid-Cap Growth - Z 3.9 TRP Mid-Cap Value - Z 3.8 TRP Emerging Markets Stock - Z 3.3 TRP Small-Cap Stock - Z 2.8 TRP Small-Cap Value - Z 2.5 TRP Real Assets - Z 2.5 TRP New Horizons - Z 2.4 TRP US Treasury Long-Term Idx - Z 0.7 TRP US Large-Cap Core - Z 1.4 Edit - but the fund’s largest holding is in the TRP value fund which dropped more than 10% on Tuesday.
I just don’t see a need for corporations to issue bonds when there’s an excess of money supply in the economy. SPACS and share offerings are replacing that sector
Man I need to join this thread. Where should i start? I am early 30s and have never invested in the markets or anything like that besides standard company 401Ks. I don’t do crypto, bonds, stocks, options, etc. I’ve put most of my money in real estate in the past. Is there a guide or something focused on investing sizable amounts of capital from early on?
Read up on Bogleheads. This flowchart is also good for figuring out what to do with your money too: And this
All in 3x leveraged ETFs. Here's my analysis: In the long run ETFs go up In the long run 3x ETFs go up up up.
If I contribute $10 to a traditional IRA and I have $2 in gains, and I backdoor that traditional IRA to a Roth, I have to pay taxes on the $2 gain?
Well I think my company fucked me. My paycheck today took out the full amount pre tax definitely putting me over. Looking into it my pay stub shows a number too low for my YTD contributions and I figured out why. We restructured on 4/1 and merged with our counterparts across the country under a new umbrella. My last paystub in March shows my correct YTD contributions then my first stub in April reset it back to 0 after the merge and the “new” company name. Fuck.
Aren’t you CFO of some moderate sized PE-backed company? Or something with pretty substantial compensation? You should probably get a financial advisor as they will be able to handle the tax implications, private investment vehicles, and other complex items you have that very few people here will.
That's true. Tiger Tiger Woods Y'all, I would go here: https://www.whitecoatinvestor.com/new-to-the-blog-start-here/. It's for Dr's and others that make similar income.
WCI used to be so much better years ago. Book is still decent and a very quick read with some good outlines. Website just got infiltrated with affiliates and shit just trying to run ad dollars. They also wrecked their message board to being nearly useless now.
I am learning from Bogleheads that I need a fee only based financial advisor with a CFA/CFP. That of course has always been the plan but I wanted to at least have some semblance of an understanding of what that person will talk to me about so that I can participate in the decision making.
Sounds like everyone aboard cruise ships is getting Covid in response I just bought $5k worth of calls on RCL.
I bought equally into RCL, CCL, and NCLH back in April. Down 8%, 21%, 21% respectively. Hope to break even someday.