Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Iconic]

S&P is dumping like a mother ****er

[lewdog]

Originally Posted by Iconic

S&P is dumping like a mother ****er

My definition of dumping must be off.

[scho63]

Originally Posted by Hog's Gone Fishin

Liquidation to cover AMC

Now thats funny!

[scho63]

Originally Posted by Iconic

S&P is dumping like a mother ****er

You sure you're looking at the right index?

[Rain Man]

Originally Posted by Hog's Gone Fishin

Liquidation to cover AMC

At some point I'm pretty sure that AMC will have a higher valuation than the S&P 500. It'll be a huge vortex of money.

[eDave]

Originally Posted by Rain Man

At some point I'm pretty sure that AMC will have a higher valuation than the entire galaxy. It'll be a huge vortex of money.

FYP. Let's be real.

[lewdog]

Anyone ready to short?!?!

[KChiefs1]

Originally Posted by Hog's Gone Fishin

I just watched a video stating AMC will easily go to one million per share. So I think you're right.

Here, I'll just put it up so you won't think I'm a liar.

If it does that I’ll have my own island.

[MTG#10]

Originally Posted by KChiefs1

If it does that I’ll have my own island.

It wont/can't.

I really wish these dumbasses would stop with the $100k+ predictions.

[-King-]

Originally Posted by MTG#10

It wont/can't.

I really wish these dumbasses would stop with the $100k+ predictions.

FUD!

[TambaBerry]

Originally Posted by -King-

FUD!

I know right to the ****ing moon

[KChiefs1]

Originally Posted by TambaBerry

I know right to the ****ing moon

MOASS baby!

[ChiefaRoo]

MGM

[MTG#10]

Are there any taxes/fees/penalties for rolling over a 401k into a Roth IRA?

The company I work for is being bought out by a much larger company. They said we cant contribute to 401k until we've been with the new company for a year. They gave us an option of rolling our existing 401k's to a new Roth IRA that they will set up, then once we're eligible can roll that money back over to their 401k program. But I just opened my own Roth recently so I figured I might as well dump it into that one.

[DaFace]

Originally Posted by MTG#10

Are there any taxes/fees/penalties for rolling over a 401k into a Roth IRA?

The company I work for is being bought out by a much larger company. They said we cant contribute to 401k until we've been with the new company for a year. They gave us an option of rolling our existing 401k's to a new Roth IRA that they will set up, then once we're eligible can roll that money back over to their 401k program. But I just opened my own Roth recently so I figured I might as well dump it into that one.

Do you know if your 401k is a traditional or a Roth? Traditional is much more common I think (you deduct it from your taxable income), but I would have guessed they'd roll it into a traditional IRA instead of a Roth if that was the case.

To your question, rolling a traditional into a Roth will incur taxes, but then your withdrawals won't be taxed. Rolling a traditional into a traditional won't incur any taxes since the taxation rules basically stay the same.