|
![]() |
#1036 |
MVP
Join Date: Aug 2003
Casino cash: $7737309
|
PTN!
Female Viagra. ![]()
__________________
|
Posts: 10,620
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1037 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
|
OK you are the younger better looking Jim Cramer!
![]()
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 54,911
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1038 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $-1400389
|
Wouldn't it just be better to increase my 401k monthly payment than invest in stocks?
|
Posts: 52,052
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1039 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
|
|
Posts: 59,928
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1040 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
|
Quote:
First determine if you like the funds offered in your 401k. Determine the expense ratios of the funds offered and if there are also employer 401k fees as well. If you don't like the funds offered, consider doing something else with your money such as maxing out your ROTH IRA into funds of your choosing. People in high tax brackets generally like decreasing their income tax by increasing their 401k contributions for the year. This depends on if your state has income tax, as something like 10 do not. If your goal is to pay less taxes, increasing your 401k is a good option for many. Some in your situation would say investing in individual stocks is another way to diversify and is much more liquid that placing money in a 401k. Mind you, this doesn't have to be individual stocks either but could be indexes, mutual funds or ETFs that track a sector of the market. These are generally less risky than owning individual stocks outright. If you don't have a large emergency fund to tap if times get tough or you were hit with a large bill, withdrawing 401k money comes with an early withdraw penalty plus paying capital gains tax (ouch!). That's why withdrawing 401k money should be one of the last options for those in desperate need of money. If money was instead invested in a brokerage account, you could sell those stocks at any time to access the money, either paying capital gains tax for winners or getting a tax break for losers. Either way you slice it, this money is easily accessible at any time though. Hope that helps! |
|
Posts: 46,296
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1041 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1861532
|
https://www.bloomberg.com/news/artic...-tariff-threat
I think Hog Farmer is in on X. This sounds like a nice win for NUE, etc |
Posts: 7,041
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1042 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
|
Quote:
|
|
Posts: 46,296
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1043 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $-183864
|
Brokerage is like E-trade right? How do you claim your losses and wins on your taxes. Like if I lost money through bitcoin.
__________________
![]() |
Posts: 54,931
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1044 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
|
Quote:
If you sell, you should receive a 1099-B form with loses and gains. Your income tax bracket matters. If you are in the 10 or 15% tax bracket, you are not liable for any taxes on capital gains. Read more: Here's How to Deduct Your Stock Losses From Your Tax Bill | http://www.investopedia.com/articles...r-tax-bill.asp |
|
Posts: 46,296
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1045 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $-183864
|
Thanks. **** that bit coin thread btw
__________________
![]() |
Posts: 54,931
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1046 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
|
|
Posts: 46,296
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1047 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $-183864
|
Yeah I sold mine because I am ignorant. I wanted to see I got my money back and I saw that you are paying 3 dollars to buy and sell. I still have money Etheruem. So I am learning. I want to try etrade to get used to it.
__________________
![]() |
Posts: 54,931
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1048 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $-183864
|
One thing I like about Edward Jones is that I am less likely to go through the hassle of withdrawing because I would feel stupid. So I am less likely to take money out of a roth.
__________________
![]() |
Posts: 54,931
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1049 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $-1400389
|
Met with a financial advisor to talk about my 401k. I'm upping my contribution from 6% to 7 and most likely 8 next year.
Didn't realize that 43% of my 401k was in the company's stock and was actually down for the year. I think I'm going to roll with a target date fund as it seems more conservative and better planned out. 53% is in that but I'm strongly considering adding far more than 53%. |
Posts: 52,052
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1050 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $-150000
|
Being honest with TD Ameritrade makes things boring. Can't short anything and can't take options positions that aren't covered.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 45,202
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() |
|
|