or Connect
Styleforum › Forums › Culture › Business, Careers & Education › Talking stocks, trading, and investing in general
New Posts  All Forums:Forum Nav:

Talking stocks, trading, and investing in general - Page 590

post #8836 of 11163
I wasn't viewing this as a strategic thing, but thanks for adding some discipline to the thought process.
post #8837 of 11163
Quote:
Originally Posted by brokencycle View Post

My understanding is that it just eliminates an early withdrawal penalty.  Is there any other advantage over 401k?

It's really an apples vs. oranges thing. First, it's another bucket of money you can add to. A 401(k) would never exist along side a 457 but a 403(b) can. So one can max out their 403(b) and max out a 457. That's another 18k under 50 and 24k for 50 and over every year. In my wife's case however she is now in a government pension plan (with contributions split at 5.2% of pay for employee, and then the employer matches at almost 30% or her pay!) that will pay out about 75% of her then current wage at retirement. On top of that we're maxing out her 457, so in 20 years time, just her retirement benefits alone will greatly exceed the vast majority of retirees' incomes. smile.gif

That's not even counting her funds from 20 years in private practice. icon_gu_b_slayer[1].gif
post #8838 of 11163
Quote:
Originally Posted by chogall View Post
 

 

We don't peg our currency to other currencies while they do.

 

On the other hand, we are the king of monetary manipulations.

 

I agree.  That's my point.  A lot of countries peg their currency to something else, and China pegs it to the dollar, so the only "manipulation" they can do is either change the conversion ratio or as side effect to our own manipulation.

post #8839 of 11163
Quote:
Originally Posted by Piobaire View Post

It's really an apples vs. oranges thing. First, it's another bucket of money you can add to. A 401(k) would never exist along side a 457 but a 403(b) can. So one can max out their 403(b) and max out a 457. That's another 18k under 50 and 24k for 50 and over every year. In my wife's case however she is now in a government pension plan (with contributions split at 5.2% of pay for employee, and then the employer matches at almost 30% or her pay!) that will pay out about 75% of her then current wage at retirement. On top of that we're maxing out her 457, so in 20 years time, just her retirement benefits alone will greatly exceed the vast majority of retirees' incomes. smile.gif

That's not even counting her funds from 20 years in private practice. icon_gu_b_slayer[1].gif

What happens if she doesn't stay there for 20 years?
post #8840 of 11163
Quote:
Originally Posted by brokencycle View Post
 

 

I agree.  That's my point.  A lot of countries peg their currency to something else, and China pegs it to the dollar, so the only "manipulation" they can do is either change the conversion ratio or as side effect to our own manipulation.

 

They been trying to change that for sometime now, with being added to the reserve currency at IMF and signing trade deals with countries around its borders to settle trades in RMB instead of USD.  Despite that, our petro-dollar still reign supreme!

post #8841 of 11163
Quote:
Originally Posted by otc View Post

What happens if she doesn't stay there for 20 years?

Something better I would hope!

A government 457 can get rolled out into a rollover IRA. Her pension fully vests in just five years (what a scam!) but she would not get a full pension but rather something prorated.
post #8842 of 11163
Anyone deploying any cash today?
post #8843 of 11163
Waiting for China's GDP figures to come in over the weekend. If they're bad, gonna cash out my UVXY shares and find some bargains.
post #8844 of 11163
Quote:
Originally Posted by GreenFrog View Post

Anyone deploying any cash today?

 

Deployed $100 with my CPA application so I should get my certification in the mail in a few weeks.  Also today is usually when my 401k money is deployed but it is not much in the grand scheme of things.

 

Also the market takes Monday off for MLK day.

post #8845 of 11163
Not deploying anything new, but my WiseBanyan account earned 6 free months of their Tax Loss Harvesting service. Turned that shit on the other day.
post #8846 of 11163
I just loaded up on PG for all the lube I'll be needing for mr. market's penetration.
post #8847 of 11163
My decision to drop intc back in November looks like a wise one.
post #8848 of 11163
Mfw when I tally up all the losses I've incurred over the past 6 weeks

😅
post #8849 of 11163
Thank god they're taking monday off...
post #8850 of 11163
Disney is getting hammered for taking on esports lol. I need to see some of this coverage.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Business, Careers & Education
Styleforum › Forums › Culture › Business, Careers & Education › Talking stocks, trading, and investing in general