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02-06-2021, 08:50 AM | #7081 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $758244
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For those trading within your IRAs. I trade in mine as well but after the contribution limit I use Webull.
If I don't necessarily need the liquidity, should I be opening more IRAs to max out and trade in? Is that even allowed? Or am I missing the point entirely of trading within IRAs? |
Posts: 35,089
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02-06-2021, 08:53 AM | #7082 | |
Veteran
Join Date: Dec 2018
Casino cash: $7670400
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Posts: 1,075
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02-06-2021, 08:58 AM | #7083 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $758244
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Posts: 35,089
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02-06-2021, 09:01 AM | #7084 | |
Veteran
Join Date: Dec 2018
Casino cash: $7670400
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Quote:
So there is always a magic combination you can use once RMDs kick in to limit, to the extent possible, total taxable income during retirement. That’s why having that brokerage account is critical. Disclaimer: I am not a financial advisor, however I am a CPA so I do know a little bit bout taxes. |
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Posts: 1,075
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02-06-2021, 09:05 AM | #7085 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $758244
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Posts: 35,089
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02-06-2021, 09:57 AM | #7086 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $278468
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Quote:
Other than the low contribution limits it's the best retirement plan we get. It's for health care expenses but that ends at 65 and you can use it for whatever. Though you probably have quite a bit of health expenses by that age |
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Posts: 6,249
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02-06-2021, 10:12 AM | #7087 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $758244
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Posts: 35,089
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02-06-2021, 04:35 PM | #7088 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $401900
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Posts: 46,068
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02-06-2021, 05:32 PM | #7089 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $126198
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Most of those stocks I got through a subscription service so I'll take credit for buying when I did but that's all. The three laggards didn't come from that subscription nor NVDA.
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[/SIGPIC] |
Posts: 15,356
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02-08-2021, 09:55 AM | #7090 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $1850526
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What's hot this week?
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Adopt-A-Chief: John Dorsey
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Posts: 18,455
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02-08-2021, 01:00 PM | #7091 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $200477
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Posts: 40,779
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02-08-2021, 01:10 PM | #7092 |
2 Legit 2 Colquitt
Join Date: Sep 2010
Casino cash: $3625754
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I just picked up some PTE and NIO today.
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Posts: 4,752
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02-08-2021, 01:18 PM | #7093 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $758244
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Threw the $$$ I had budgeted for Super Bowl gear at OGI this morning
Fairly happy all things considered |
Posts: 35,089
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02-08-2021, 01:20 PM | #7094 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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02-08-2021, 02:12 PM | #7095 | |
In Search of a Life
Join Date: Jan 2010
Location: L.A.
Casino cash: $1474284
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Quote:
However they're so big they can basically buy off the govt to stifle competition in any area they want. Or in some cases like they have already hybrid-fused with the govt. Which is why their stock may be a good buy long term I dunno. |
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