Know where I can read any of that? I haven't seen anything against it, would be interested to see what they said.
in a quick googlin' it seems the guidance that made backdoor roth confirmed proper did the same for mega backdoors, was probably 2015~ when i was reading about them last. forgot how many things have to line up regarding in-service withdrawals and such to make it even work, will have to read up more on this again in the future. unlikely to be in the same tax bracket we are now in retirement though, even with changes it'd be at worst flat rate I bet, so not a huge incentive to go that way right now but maybe if circumstances change.
For me, my plan won't allow a rollover to a Roth IRA while employed, but I could once I leave. Then any contributions could be withdrawn just like a Roth IRA while the gains would be subject to the normal Roth IRA rules. So it really comes down to capital gains.
Weed vote in House happening currently. expected to pass, and even if everyone knows Senate will kill it, pot stocks should pump second half of today.
behavioral economics/finance stuff is very good. will add to my list. dan ariely books i had to read in college were great entry points to that stuff
Should see some upward movement today. If it's not something you were planning on holding long-term, I'd sell before the Senate vote. It's 100% not going to pass there.
https://smile.amazon.com/ref=smi_ex...i_chpf_redirect&ref_=smi_ext_ch_26-1332748_cl Like that? TMB gets a cut if it's linked in here?
You can always do the backdoor method. https://www.bogleheads.org/wiki/Backdoor_Roth. If you have an existing pre-tax IRA, you will have to convert it too or roll over to a 401k.
Senate prob wont even vote on it unless the GA seats flip. Wouldnt mind getting in on a few companies for the long term. Just cant decide on which ones yet?
it’s not a terrible company but there’s no reason to think what he’s claiming is accurate. That area is limestone play that is one of the most inconsistent rocks in Texas.
There's a lot of talk about retirement accounts in here, but don't overlook the benefit of investing through a taxable brokerage account that allows you to pull cash out without penalty and invest in real estate or your cousin's startup friends and family seed round
I have a pension at my current job that is mandatory contribution. Then I have a Traditional IRA combined from two rollover 401Ks at previous jobs that I contribute a little. I also have a Roth IRA that I throw a little into. Then there's my traditional brokerage, which I keep 90% of my money in. Half in individual equities and the other half in ETFs. That's a big difference from the majority of my life where I just kept a large sum of cash in a checking account. Kicking myself for not doing it earlier, but I honestly only missed out on about 5 years of early life returns.
That's part of why I was debating between mega backdoor roth and taxable, the accessibility. Probably doesn't really matter that much because I can't do that much after maxing all of the other accounts first.
it was on cnbc. I don’t think this is the same article but covers the topic. was a good reminder for me to take a look at my investments and compare to the other options I had. https://www.cnbc.com/2020/09/17/the...ement-savings.html?&qsearchterm=expense ratio
Personal Capital is a good free account aggregator and it will show you the expense ratios of everything you have. It also has a decent retirement calculator that can be used for various scenarios.
airbnb yes will watch price action on dash. it's a piece of shit but it may pump based on ipo trends this year.
Just bought a shit ton of VTSAX. 60% of my savings. Instead of putting it in 3 different funds such as 33% total index fund, 33% bond fund, 33% international fund, I just went all in on US index fund. I have a 401k and an IRA so I have exposure to the other stuff anyways. I just don't have as much faith in the international market and stock market is doing too good and I'm too young to be 20-30% into a bond fund.
I plugged in the VTSAX into the iphone stock app but the screen shows 1W, 1M, 3M etc. Is there a way to set it to a more recent or up to date metric like what happened today and yesterday? Alternatively do you have some good stock apps /fund apps for tracking performance?
I'd agree. It's a choice for anyone on their risk tolerance, but I don't see much of a need for someone under 50 to be >20% in bonds, unless they're already financially independent. As far as international, we'll just see. I've still got some in international in my total portfolio as a hedge.
I think emerging markets will have a better decade than US stocks, similar to 2000-2008. A declining dollar is like quantitative easing for most emerging markets since a majority of their debt is in USD. Edit: and I’d have 0% in bonds for the next few years.
BB: CCI had been trending down on the 1hr, Ready Aim Fire triggered sell yesterday at 10:30 and volumes are down. I will get back in but want to see if it breaks the 8.14 resistance in the next day or two. GEOS: has really strong VZO, CCI and TSI. it has been running as well. Ready Aim Fire triggered at 6.25 as a buy on the 1hr and all those technicals have blown up since. 4hr, longer term technicals are really strong. Looking to grab a point which where I bought it is a 12% return. By the time i get that point I am hoping BB has a chance to consolidate.