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Topic: In other news ...

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MrNubbz

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Re: In other news ...
« Reply #2310 on: February 02, 2021, 12:50:18 PM »
do they have an office by the Horse Track?
That right there is funny I don't care who the hell you are
"It's the greastest gig in the world,being alive. You get to go to Denny's, wear a hat, whatever you wanna do." - Norm Macdonald

847badgerfan

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Re: In other news ...
« Reply #2311 on: February 02, 2021, 12:51:25 PM »
Waddell & Reed has 5 offices in the Phoenix area.
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FearlessF

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Re: In other news ...
« Reply #2312 on: February 02, 2021, 12:54:57 PM »
do you really think Biden calls the shots

Biden will be as left as the left want him to be
Image may contain: one or more people, text that says 'Don't worry sir. S”gn here. What's What'sthis? this?'
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MrNubbz

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Re: In other news ...
« Reply #2313 on: February 02, 2021, 12:56:27 PM »
Agreed.  Is there a worse person on the planet than the turtle from Kentucky?
Leave him out of it


https://youtu.be/a8BOtEpUcX8?t=15
"It's the greastest gig in the world,being alive. You get to go to Denny's, wear a hat, whatever you wanna do." - Norm Macdonald

FearlessF

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Re: In other news ...
« Reply #2314 on: February 02, 2021, 12:56:33 PM »
I need one of you to tell me where to put some small monthly amount for the next 17 years.
Half safe, half risky.
Or all of it in a mostly-safe place.
the state of Arizona doesn't have a very good pension or retirement plan?

No Teacher's union?
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

bayareabadger

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Re: In other news ...
« Reply #2315 on: February 02, 2021, 12:59:38 PM »
If you can do $500/month, I'd go with a Roth IRA. The contributions are not tax deductible, but when you start drawing at 59.5, the income is tax free. Max yearly contribution is $6000, and goes to $7000 when you hit 50.

Your total investment will be $102,500.



I know people who preach the voodoo of "You want to go regular IRA is you're in a lower tax bracket at the end as compared to now." It seems nice in theory, but I'm skeptical. Tax free growth across decades makes sent to me. 

Also, they don't let people at a certain income level get Roths, which is interesting in its own way. 

MrNubbz

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Re: In other news ...
« Reply #2316 on: February 02, 2021, 01:02:49 PM »
Call these guys. Best I've ever worked with.


Waddell & Reed | Taking Financial Planning Personally


Thank You kindly,maybe you can give me a heads up and we'll split the difference.If not perhaps the local Book can point me in the right direction
"It's the greastest gig in the world,being alive. You get to go to Denny's, wear a hat, whatever you wanna do." - Norm Macdonald

847badgerfan

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Re: In other news ...
« Reply #2317 on: February 02, 2021, 01:03:15 PM »
I know people who preach the voodoo of "You want to go regular IRA is you're in a lower tax bracket at the end as compared to now." It seems nice in theory, but I'm skeptical. Tax free growth across decades makes sent to me.

Also, they don't let people at a certain income level get Roths, which is interesting in its own way.
There are ways around that. I still contribute.
U RAH RAH! WIS CON SIN!

MrNubbz

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Re: In other news ...
« Reply #2318 on: February 02, 2021, 01:07:03 PM »
ah

  I mean aliases

Thought over like 120 K you couldn't contribute
"It's the greastest gig in the world,being alive. You get to go to Denny's, wear a hat, whatever you wanna do." - Norm Macdonald

bayareabadger

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Re: In other news ...
« Reply #2319 on: February 02, 2021, 01:11:05 PM »
when did you think it was clear?  after election day? Before, after the riot at the Capital, or after the inauguration?
Actually 100 percent clear? At inauguration if you were thinking with the really fringy part of the brain.

Clear enough to base your stock bets on? The Saturday after election day when the thing got called. Those calls are built on data, so the losing side was going to have to be incredibly competent and coordinated and have a vast set of facts at its disposal. And it was a good bet that was not going to come together.

Whatever could've potentially turned that was gonna rock the markets enough that it wouldn't matter if you bought Tesla or not.

Cincydawg

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Re: In other news ...
« Reply #2320 on: February 02, 2021, 01:11:34 PM »
If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the tax year 2021 to contribute to a Roth IRA, and if you're married and file jointly, your MAGI must be under $206,000 for the tax year 2020 and 208,000 for the tax year 2021. The maximum total annual contribution for all your IRAs combined is:
  • $6,000 if you're under age 50
  • $7,000 if you're age 50 or older


847badgerfan

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Re: In other news ...
« Reply #2321 on: February 02, 2021, 01:13:51 PM »
You can. It's called a Roth Conversion.

2021 Form 5498 (irs.gov)
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bayareabadger

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Re: In other news ...
« Reply #2322 on: February 02, 2021, 01:14:50 PM »
There are ways around that. I still contribute.
This is what I figure: If it's good enough the option isn't even extended to rich folks, but they find loopholes to do it anyway, probably should factor strongly into my retirement planning.

I think I have the option for a Roth 401k, but I might leave that pre-tax. 

847badgerfan

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Re: In other news ...
« Reply #2323 on: February 02, 2021, 01:17:37 PM »
Taxes will never again be as low as they are now.
U RAH RAH! WIS CON SIN!

 

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