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10-21-2017, 01:03 PM | #1321 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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You'd get the same tax break as your ROTH IRA. The government limits your pre-tax contributions to 0 for your IRA. The question is should the gov limit your pre-tax contributions to a (traditional) 401k. This would force you to contribute to your ROTH 401k. You'd pay (more) taxes now instead of later. Its not a lowering of the total 401k max contribution. Just when you pay
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Posts: 6,377
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10-21-2017, 01:32 PM |
George Liquor |
This message has been deleted by George Liquor.
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10-21-2017, 03:25 PM | #1322 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
And my employer doesn't have a Roth 401k option, so it would definitely **** me. I contribute to my own ROTH IRA outside of my employer. |
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Posts: 46,113
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10-21-2017, 04:45 PM | #1323 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
I still find that 2400 number laughable. That's vote yourself out of office territory. Edit:. One note, even if you do 100% ROTH contributions in a year any company match is treated as traditional. Last edited by ChiliConCarnage; 10-21-2017 at 04:56 PM.. |
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Posts: 6,377
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10-21-2017, 11:20 PM | #1324 | |
Veteran
Join Date: Oct 2008
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Quote:
The big gamble for most people when it comes to ira's is whether they will actually have an advantage if their contributions are pre or post tax. It depends on so many variables between their personal income level as they enter retirement (which can be strategized) and what tax law will look like when they finally do retire. There is no way to predict legislative risk for someone like me, with an RMD horizon 40 years away. But reducing the amount of tax shelter available between either of these is criminal for the middle class. people who are conscious enough to be investing at all will be forced to do so in a taxable account outside of a 401k (probably self directing), and incur significant capital gains repercussions in addition to all their investments being post tax. A Roth with no tax benefit. Most people will not notice anything besides an increase in their take home pay, and will not invest the difference. Which will significantly harm their retirement picture. |
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Posts: 1,606
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10-30-2017, 08:56 AM | #1325 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Let's talk about Alibaba.
Invest now as if it's the next Amazon? Or are we too late? |
Posts: 46,113
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10-30-2017, 08:58 AM | #1326 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Looks like Trump took the correct stance on this. Good. Quote:
https://www.nytimes.com/2017/10/23/u...ax-budget.html |
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Posts: 46,113
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10-30-2017, 09:41 AM | #1327 |
MVP
Join Date: Mar 2004
Location: Helena, MT
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Posts: 18,627
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10-30-2017, 09:56 AM | #1328 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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I realize that things are changing in China, but any Chinese company is still one corrupt official away from being nationalized. I stay away from stocks in authoritarian countries.
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Posts: 142,964
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10-30-2017, 10:54 AM | #1329 | |||
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
Quote:
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2. BABA is MASSIVELY diversified in many other companies and is like a public VC firm. They have put chips on the table across many industries and companies. 3. While China's Communist Party can be a fickle bitch, they also are proud of their successful Chinese companies and also have investments in most of them! I would invest Lewdog. Maybe even some long term options so your risk dollars are minimal. There are long term BABA options that don't expire until Jan 2019, June 2019 or Jan 2020. |
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Posts: 52,400
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10-30-2017, 12:17 PM | #1330 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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You marijuana investors may find this news interesting:
http://money.cnn.com/2017/10/30/inve...bis/index.html The company that makes Corona beer is buying a Canadian marijuana seller with plans to develop a marijuana drink. I've got some stock in Constellation, and it's done very well for me, by the way. It even pays a dividend. |
Posts: 142,964
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10-30-2017, 12:19 PM | #1331 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Nice post, Rainmain. Thanks. |
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Posts: 46,113
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10-30-2017, 02:07 PM | #1332 |
Supporter
Join Date: Jun 2013
Location: Compton, CA
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I need help here. Want to grow my my money. I'm getting a late start at age 41 but better late than never. I don't know much at all about investing. Can somebody offer some advice for a good starting strategy?
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Posts: 1,605
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10-30-2017, 02:13 PM | #1333 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Everyone will tell you to go with a mutual fund or index fund. I'm the voice in the wind who disagrees and thinks you get better returns from stocks, and particularly dividend-paying stocks.
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Posts: 142,964
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10-30-2017, 02:28 PM | #1334 |
Dirty Bit
Join Date: Jan 2006
Location: Lake of the Woods
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Out of curiosity, for those of you who invest on your own (don't use a broker), what platform do you use...E*Trade? Ally?
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Posts: 6,862
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10-30-2017, 02:29 PM | #1335 |
Fish are scared of me
Join Date: Nov 2001
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Go with mutual funds.
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Posts: 40,635
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