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05-03-2023, 10:04 PM | #13486 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,670
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05-03-2023, 10:23 PM | #13487 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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05-03-2023, 10:25 PM | #13488 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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05-03-2023, 10:47 PM | #13489 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,670
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05-03-2023, 10:47 PM | #13490 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,670
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05-03-2023, 10:50 PM | #13491 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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Cool. I'm glad to see that there is some interest. I wasn't sure since a lot of people stay away from OTC stock. Let me know what you think after you take a look.
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Posts: 12,737
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05-05-2023, 06:35 PM | #13492 |
MVP
Join Date: Sep 2005
Location: Austin,TX
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Buy a little LUV here.
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Posts: 11,886
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05-05-2023, 06:44 PM | #13493 | |
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Join Date: Jan 2009
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Posts: 64,208
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05-06-2023, 10:29 AM | #13494 |
Fish are scared of me
Join Date: Nov 2001
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Anybody here using ChatGpt to make any money ? I've been piddling with it to find stock leads but it doesn't have access to current news.
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Posts: 40,778
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05-06-2023, 12:01 PM | #13495 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,778
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05-15-2023, 11:19 AM | #13496 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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This post is not intended to induce political discussion, just looking for financial impact insights only.
I've been notified that my 401K target fund is being transitioned from Vanguard to a similar BlackRock target fund. The funds seem to be aligned fairly well with slight variance in return over 10 years however the expense ratio is 2.5x higher resulting in a lower ending value. I'm obviously going to do more of my own research but wondering if anyone here can think of any other valid financial downsides of my 401K target fund moving from Vanguard to BR? There's speculation making the rounds here that BR might be at risk with regards to commercial real estate markets |
Posts: 35,092
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05-15-2023, 11:38 AM | #13497 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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If they eat a mountain of shit in commercial real estate, they could jack their fees, which you’re aware of the impact. But I don’t think your 401k dollars should be at risk. Those are your equities, they’re just brokering them. The fee thing is not great Bob. I THINK, you should check with a professional first, but I THINK a you can roll your 401K money into a similarly taxed IRA (Roth to Roth or Traditional to Traditional) if you want to recapture that. Vanguard self directed IRAs are pretty easy. But you need to do it right so they don’t send you a 1099 with a million penalties. Especially on your initial principal, because they’re going to roll it from 401K to 401K. I don’t know how old you are but probably not too old for it to not matter. |
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Posts: 57,710
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05-15-2023, 11:51 AM | #13498 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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There's A LOT of frenzied panic here as this coincides with a return to office model which is practically a copy pasta from BR's CEO interview rounds. I'll probably consult with a professional as we have some other things in the mix that I could use advice on. |
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Posts: 35,092
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05-15-2023, 12:01 PM | #13499 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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If you’re not over the income limit you could reduce your 401K contributions (presuming you’re contributing more than your match %) and contribute to a traditional IRA. If you’re under the catch up age limit I’m pretty sure it is 6K for you, 6K for the wife if that is an easier path. |
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05-15-2023, 06:28 PM | #13500 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Your 401k shouldn't be at risk even if Vanguard or Blackrock went under. |
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