Talking stocks, trading, and investing in general

[Piobaire]

Maybe I'm reading this overly simple but is the up side $500 from the employer? If so, seems like a lot of work for $500.

 

[Omega Male]

Huh.

Central banks bought the most gold on record last year, WGC says

Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year in records going back to 1950, the World Gold Council (WGC) said on Tuesday.

www.reuters.com

 

[otc]

I think I’ve worked out a solution. She has a small account with TIAA-CREF because she’s on a university payroll for some part time work.

Looks like TIAA-CREF allows inbound IRA rollovers. So I think the answer is that in 2 years, can just avoid the pro rata rule by moving the simple ira into TIAA

Maybe I'm reading this overly simple but is the up side $500 from the employer? If so, seems like a lot of work for $500.

Well, and being able to make pretax contributions up to $13k (so knock off marginal tax rate).

If this were structured as a 401k it would be a no brainier. But since it is an IRA it messes with future possibilities.

 

[Piobaire]

And what's IRA now? 6.5k? So you've got the delta plus $500. There's your upside so I'd work my decision from there.

 

[otc]

And what's IRA now? 6.5k? So you've got the delta plus $500. There's your upside so I'd work my decision from there.

6.5k but only the future long run benefits of the Roth since we are locked out of the traditional.

Optimizing that requires a lot of long run assumptions about whether tax rates will be higher or lower and how much we’ll will be drawing in retirement….

But 13k is double so I think that wins now that I have a way to get those funds transferred in the future. If someone was debating between Roth and traditional 401k but there was a rule that they could only contribute half as much into the Roth option, I think the advice would be to go with the bigger option (if you can afford it)

 

[jbarwick]

Huh.

Central banks bought the most gold on record last year, WGC says

Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year in records going back to 1950, the World Gold Council (WGC) said on Tuesday.

www.reuters.com

Boomer Bitcoin lol.

 

[the shah]

How bout that faang

 

[Omega Male]

 

[jbarwick]

This classic on UPST

 

[Piobaire]

Google will crap the market tomorrow. So much for FAANG.

 

[HRoi]

Dear market: thank you for reminding me, this bonus month, that I have no ******* idea why you do the things you do. This **** is going into index funds

 

[Piobaire]

Brother, you know I've not been shy sharing the vast portion of our investments are merely SPY.

 

[PhilKenSebben]

Anyone know what to do if i over contrinbuted to my 401K this year because I changed jobs? Do I just call one of them and ask them to return the amount I calculated av being over the limit? it isn't a huge amount, but it it somethgin I woudl like to avoid paying double taxes on

 

[brokencycle]

Anyone know what to do if i over contrinbuted to my 401K this year because I changed jobs? Do I just call one of them and ask them to return the amount I calculated av being over the limit? it isn't a huge amount, but it it somethgin I woudl like to avoid paying double taxes on

We're in a similar situation.

 

[Texasmade]

Anyone know what to do if i over contrinbuted to my 401K this year because I changed jobs? Do I just call one of them and ask them to return the amount I calculated av being over the limit? it isn't a huge amount, but it it somethgin I woudl like to avoid paying double taxes on

Contributed Too Much to Your 401(k)? Here’s What to Do - NerdWallet

If you made an excess contribution to your 401(k), here's what to do (and when) to get your 401(k) overcontribution fixed in time to avoid a tax headache.

www.nerdwallet.com