Not sure where else to post. Anyone successfully filled out their Tax Withholding form to where it’s fairly accurate in terms of what comes out. I started a new job this week so I haven’t had to fill that form out in 10 years and it changed a couple years back. The federal one made it seem like I could leave it blank and they’d estimate for me (single no dependents, etc) or I could try to calculate myself. I figured I’d leave it blank and see how it worked but my first paystub is out and I think it’s taking wayyyy too little out so I’m trying not to mess this up.
I guess it could be kind of thrown off by the fact I’ll only have 3.5 months of pay from this job? Might just leave it as is for now and mess with it before 2023 starts when I have a full year to go with.
Depends on your situation. If you’re single with no dependents and don’t have substantial other income you want to withhold for on there just leave it blank. They “simplified” it for many but made it unnecessarily more complex for others IMO.
Imagine this thing tho. dblplay1212 https://news.yale.edu/2015/09/22/li...s-367-year-old-water-bond-still-pays-interest
When this happens I just go single and 0 and fix at start of new year I get everything back in order,
Anyone do 401K auto rebalance? Having to set all this stuff up again trying to look at it closer than a decade ago lol
The market basically gave me a 15% pay cut this year since I just blindly dump it all in It’ll tank more then slightly bounce back and I’ll convince myself once again I’ll ever make money in stocks.
The response to the new data coming in this morning should be interesting. I can tell you the consumer durables industry is still an absolute dumpster fire, considerably worse than even previous-COVID 2019 and not getting any better. If others look the same, yikes
The irs has a handy dandy calculator for exactly this. It’ll tell you exactly what to put. I think turbo tax has something similar but this has a little more functionality. https://www.irs.gov/individuals/tax-withholding-estimator
FedEx is going to bring the whole market down today. Wonder how investors treat this as a proxy for another market correction downward.
Read some technical stuff yesterday that said 3900 was a key support level and if we drop below it could trigger much larger selloff. I guess we're about to find out if that's true.
Can't wait for bonds to yield 15% again and I can do one goddam bid and have my financial future secured.
It would be great if Biden could cancel the freaking Chinese tariffs. Durables industry is just absolutely drowning with no end in sight and that's one easy lifeboat
And holy fuck at ADBE. Loaded up on it at pandemic lows. Look what they did to my baby. Absurd valuation on Figma. Need some shareholder activists to step up. @elonmusk
I have 0 knowledge on adobe or the stock but I did read this thread and found it a good explainer of the acquisition, from a credible source in that field. You may find it of worth. also includes a thread emoji for everyone.
Below are my current investments in my brokerage account and 401k which is all a long term hold. I contribute every other week and lately i have mainly just been dumping it into SPTM. My 401k is 60% target date fund with Vanguard, 20% large cap value blend, 15% mid cap, 5% small cap. Any complaints or criticisms? <5% SPAB and SPDW 10% Apple 10% BRK.B 10% HD 10% Synovus 15% SPY 40% SPTM
Only thing I would say is just understand how much exposure you have to Apple, it is the largest holding of BRK.B, SPY, and SPTM along with your 10% allocation.
I’m going to guess Powell says .75% raise nothing new data dependent etc, still on the hawkish side and the market bounces. Who knows.
this raise is priced in but everyone wanted it to be the last for a while. If he says we are going to sit back and see what the CPI does I could see a bounce, sure.
Been in all cash since March, will buy the pico bottom in Q1 causing Jack Bogle to pop out of the ground and haunt me and my lineage for the rest of our days
well yes the would create a bounce as that would not be what’s priced in and would be dovish, he’s stated he’s no longer doing forward guidance so I doubt he states what they will do next meeting.
This hike was. The statement that they’re still going to be aggressive in the future is what’s being reacted to. Nobody should be surprised though