Talking stocks, trading, and investing in general

[Concordia]

I wasn't viewing this as a strategic thing, but thanks for adding some discipline to the thought process.

 

[Piobaire]



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.

That's not even counting her funds from 20 years in private practice.

 

[brokencycle]

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.

 

[otc]



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.

That's not even counting her funds from 20 years in private practice.

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

 

[chogall]

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!

 

[Piobaire]



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.

 

[GreenFrog]

Anyone deploying any cash today?

 

[dizzy]

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.

 

[jbarwick]

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.

 

[otc]

Not deploying anything new, but my WiseBanyan account earned 6 free months of their Tax Loss Harvesting service. Turned that **** on the other day.

 

[GreenFrog]

I just loaded up on PG for all the lube I'll be needing for mr. market's penetration.

 

[OmniscientCause]

My decision to drop intc back in November looks like a wise one.

 

[GreenFrog]

Mfw when I tally up all the losses I've incurred over the past 6 weeks

 

[SkinnyGoomba]

Thank god they're taking monday off...

 

[OmniscientCause]

Disney is getting hammered for taking on esports lol. I need to see some of this coverage.