Obviously, no one can predict how taxes will be ~30 years from now. I'm banking on not needing to withdraw annually as much as my current income, putting me in a, hopefully, lower tax bracket by then.
Contribute up to the employer match, and occasionally extra depending on my bonus. MAX Roth every year
That's why I was considering switching to pre-tax. Using our current budget I did a projection of what our post kids expenses would be and it would be well under my current bracket.
not an investing question per se...the company for which I work was acquired toward the end of last year and our old 401k ended on 12/31. The acquiring company has kept us as a wholly owned subsidiary. I received a notice (finally) saying all our funds were being rolled over into the new 401k but I'm not allowed to do a rollover IRA. Does that sound right?
Sounds legit. Since it is being done at the plan level, you shouldn't have anything to worry about IRS-wise.
Yeah, not worried about IRS issues. Some of us thought we rollover the funds into a traditional IRA from the old 401k but they are terming it a plan change. Guess that won't work.
Rode it up to $144.50 and got out before the dip a few Friday's ago. Bought back in at $131.5 and it's back up to near $143.
Just a component that I never see anyone talk about that I think is important: Because the Roth limit is the same as the pre tax, you are effectively able to get more money into a tax advantaged account if you contribute the max to the Roth versus pre tax. Ultimately I am similar to most here and do a mix of both.
I like to throw some into a traditional IRA at tax time to alter tax liability. It's nice having a little extra now versus what I plan for my financial position to be in 30 years. I also have a roth 401k so it's a mix of pre and post throughout.
The counterpoint is if in retirement you only need to withdrawal money less than your current tax bracket, you have paid more taxes to do the Roth than you would have doing traditional. I was considering switching to pre-tax and using the extra money for my wife's Roth IRA. If I did that and maxed out my HSA, I may just get under the 22% bracket limit, unless I get any overtime. It's too late this year to get there, so until I can make up my mind, I'll stick with all my contributions to Roth 401k. It's still probably best for me to stick with Roth anyways because my wife and I will probably be inheriting traditional IRAs here in the future.
Buying Chevron today. I don't think people are realizing how much acreage in the Delaware Basin that they acquired with this APC acquisition
guessing that they think that they overpaid for it being that they priced it 30% higher than it was trading. The 5% drop is why I bought it. Great acreage with a better company to manage it. Seems like a good time to buy
Can someone explain to me what happened to EVSI Envision Solar International, Inc. ? I was looking at buying their stock last week when it closed at $.16 not sure what's going on now. https://seekingalpha.com/news/3451012-envision-solar-prices-upsized-12m-public-offering Did I miss out or am I reading it wrong? I got off the phone with the Sustainability Director for NYC and was like man, I need to buy stock in that company. Edit: It looks like it was a 50/1 reverse split which is why the price went so high. and if that's the case, I dodged a bullet.
Anyone here know much about the pot stocks? Bought some pharmacielo (phcef:otc) last week and its dropped a cool 11% real quick. Like it’s long term potential from what I read though.
I’ve had ACB for about a year and a half and it’s been on a solid run the last month. They’ve had heavy dilution from all their acquisitions and the price dropped significantly. I was negative for a good chunk from initial purchase but it looks like it’s turned the corner. I’m up about 8% currently on it. I follow the other bigger companies (canopy, aphria) but haven’t heard of the one you’re mentioning
Merck is getting interesting for me. It’s not quite there yet but it has my attention: Healthcare has been absolutely eviscerated this week secondary to concerns over the Dems plan of Medicare for all. I can see the insurance companies obviously blowing up under such a scenario but I think the hospitals and drug companies don’t deserve to drop as much as they have. A hospital company to keep an eye is HCA. Approaching a 9 multiple is borderline insane cheap. Lot of money to be made pending the outcome of the 2020 elections.
Sold my HCA about 6mo ago, looks to be a good time to get back in. Nice dividend payout too if I recall.
Bank of America/Merrill Lynch just initiated coverage on four pot stocks and ACB was one of the four so that’s probably a decent sign. Here is the research report I read that got me onto Pharmacielo. Sounds promising imo.
The good thing with the pot stocks is that the industry is relatively young so it’s worth a shot to see if one hits
I bought some more shares of EPD yesterday. Just playing the long, slow game of acquiring enough shares of that (and some other dividend stocks) so I have some legitimate dividend income in retirement years.
I got into it about a year ago after researching best dividend stocks and tons of sources always list it as one of their recommendations for long term dividend growth.
I’ve thought about this, but shifted my strategy to just buying VOO. Curious if anyone has ever compared X years spent in index funds, then transitioning to high-dividend holdings at retirement?
Most of what I've read is that there's no real difference since a dividend stock goes down in value the same amount as the dividend. Most index ETFs will pay dividends as well.
Y'all watch NBRV next week. Ascending triangle pattern with big FDA news to be released on Tuesday. Bummed that the stock bottomed out at the trend line today, where I had a stop loss order, before promptly bouncing back up to the today's opening price. I basically lost half my position and locked in losses :(
Looks like there's a good chance of it falling back to the trend line in the near future. Might be a good time to sell and look for a new entry point.
What is the fda news regarding? I’ve seen too many stocks relying on good fda news just to be crushed