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02-21-2023, 08:47 PM | #13246 |
Mod Team
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02-21-2023, 08:58 PM |
Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
Reason: Good info , I'll keep it to myself
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02-21-2023, 09:00 PM | #13247 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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VARSITY
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Quote:
JPMORGAN CHASE BK N A CD 5.00000% 02/28/2024 (1 year) BANKGLOUCESTER CD 5.00000% 02/28/2028 (5 year) Did I do good or did I do bad? My goal these days is to just match or beat inflation overall. So I don't need to get rich. I just need to avoid getting wiped out. It seems to me that inflation over the next five years will be less than 5 percent, so I'm liking the long-term CD. This is all money that's just sitting in cash right now.
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Active fan of the greatest team in NFL history. Last edited by Rain Man; 02-21-2023 at 09:10 PM.. |
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02-21-2023, 09:00 PM | #13248 |
MVP
Join Date: Oct 2006
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02-21-2023, 09:02 PM | #13249 | |
MVP
Join Date: Oct 2006
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Quote:
I did something similar a couple of weeks ago. I bank through Capital One and they offer an 11 month 5% CD. |
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02-21-2023, 09:09 PM | #13250 | |
Mod Team
Join Date: Sep 2011
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Quote:
Down 23% from it's high this year. Dividends are not free money and are not risk free when the stock price tanks along with your capital. Don't confuse people into thinking these are the same. Last edited by lewdog; 02-21-2023 at 09:30 PM.. |
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02-22-2023, 02:35 PM | #13251 |
It was not a fair catch
Join Date: Aug 2012
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What the hell is happening yesterday and today?
Sent from my SM-G991U using Tapatalk
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#investigatecarlcheffers |
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02-22-2023, 02:36 PM | #13252 |
Grand champ
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Regarding traditional vs Roth IRAs:
How do you determine whether or not you are likely to be in a higher tax bracket at the time you start to withdraw? |
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02-22-2023, 03:58 PM | #13253 | |
Supporter
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Quote:
Typically if you are not earning income you'll be in a lower bracket, but who knows. The big thing with ROTH is you put the principal investment in after tax. Any gain/growth/appreciation is tax free. So if you put 300K in after tax over the life the account, and the value of the account is 500K when you retire, you got 200K tax free. You paid tax on the 300K before it went in and nothing on the back end is taxable. That's the big draw of a Roth. EDIT: Should include the comparison. For a traditional, If you put in 300K over the life of the account and it's worth 500K at retirement, sure you get to deduct the contributions going in, but the whole 500K is taxable on the back end. Last edited by Buehler445; 02-22-2023 at 04:05 PM.. |
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03-06-2023, 09:17 PM | #13254 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-129523
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For Rainman, this is a nice video breakdown of investing in dividend stocks, and I'll wait patiently for the obligatory Lewdog to say it isn't free money. LOL. Love you Lew!
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03-06-2023, 09:25 PM | #13255 | |
fides quaerens intellectum
Join Date: Oct 2003
Location: United States
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Quote:
I've had a financial advisor explain his belief that half Roth and half Trad is the way to go in order to take advantage of both a current and future benefit, but it's grounded in concerns that Congress will take away the Roth benefit, which I've never heard anyone else share a concern of, and the thought that a buck today is better than X bucks tomorrow. |
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03-06-2023, 09:32 PM | #13256 | |
THE RED MENACE
Join Date: Aug 2000
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Quote:
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The diabolical genius of Marxism-Socialism is that it provides the emotional and intellectual road map for autocrats to persuade millions of people to support their own enslavement to government. ~Mark Levin April 15, 2019 |
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03-06-2023, 10:24 PM | #13257 |
MVP
Join Date: Oct 2006
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It looks like the Fed is going to have to raise rates through at least June.
Inflation just won't behave like the Feds want. 5.25% from the Fed by July is the consensus. |
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03-06-2023, 10:31 PM | #13258 |
Politically Incorrect
Join Date: Feb 2009
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The Fed has ****ed this all up.
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"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" |
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03-07-2023, 12:33 AM | #13259 | |
Supporter
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Quote:
Tax rates are almost exclusively higher when you’re earning income (while you’re working) than when you’re not (retired, drawing from your retirement instrument) The difference is GAINS in the Roth are not taxed ever. The basis is taxed when it is put in (basically - there is no tax shelter, but there are ways you could contribute non-taxed earnings - like gains from the sale of a home or restitution or some shit but for all practical purposes, let’s say ROTH dollars are taxed when you put them in), but if it goes up 100% between when you’re 40 making the contribution and 70 when you’re pulling it out, that means half of it wasn’t taxed. Or put another way, your tax rate would have to be half of what you’re paying now, and let’s be real here, if your tax rate is half of what you’re paying now you’re going to have a miserable retirement. And especially for young people, early basis can yield waaaay more than 100% Gain. Do the ROTH. |
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03-07-2023, 05:40 AM | #13260 |
fides quaerens intellectum
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Location: United States
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Yeah, I agree.
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