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re: Rolling over 401K to new job
Posted by Sigma on 12/19 at 11:05 am
I think if we were in the same room face to face we wouldn't be having this disagreement. It's utterly basic personal finance and I suppose I'm just doing a poor job explaining my point. ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/19 at 10:41 am
[quote]So let's do a calculation. $20,000, 5% compounded annually for 30 years. If he rolls into a trad/401k he ends up with $86,438.85 If he rolls into a Roth and pays the tax out of pocket he ends up with $86,438.85 If he uses the balance and his tax bracket is 15% he ends up with: $73,...

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re: Rolling over 401K to new job
Posted by Sigma on 12/19 at 10:22 am
[quote]Just waded through this thing. I'm not going to put a ton of effort into this, but Sigma is an idiot and has been incredibly wrong. [/quote] Please show me. If I am wrong, I will gladly admit it. ...

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re: "Serial" Podcast Discussion Thread...SPOILERS
Posted by Sigma on 12/18 at 10:56 pm
[quote]Plus, the case has the markings of a premeditated murder so how lucky would Jay be to find out that Adnan offers his car and cell phone to Jay on the same day that Jay plans to kill Hae.[/quote] That is an interesting way of looking at it. Another thing that has started to stick out mo...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 12:53 pm
[quote]You're going to have no issues there but you might, might be able to squeeze him for a few bucks out of this. But make sure there isn't another buyer that could slide in and snake you guys. That would be a really shitty Christmas[/quote] Fortunately, like you said, we have a contract. We m...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 12:19 pm
[quote]*I'm kind of tired of arguing about this actually.[/quote] Me too. Thanks for the info about the lot sloping. We should hear something soon. ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 12:12 pm
I think you have reading comprehension problems, on top of being an a-hole. So I'm done with this discussion. Merry Christmas :cheers:...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 12:01 pm
[quote]If he rolls into a Roth and pays the tax out of pocket he ends up with $86,438.85[/quote] He pays the tax when he rolls into the Roth, which is right now. So he doesn't have $20,000 anymore, and won't end up with $86,438.85. I know you are aware of this. I don't know why you made the c...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 11:50 am
Ok, please elaborate. ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 11:46 am
Yes, and they would clearly be different. Do you still dispute this? ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 11:34 am
[quote]Under the OP scenario the entire thing would be protected. [/quote] Sure his small balance in 2014 would be protected, but what happens in 2045 when that number has grown outside the protection limit? [quote]quote: You've been wrong now several times. False [/quote] [quote]N...

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re: Rolling over 401K to new job
Posted by Sigma on 12/18 at 11:03 am
[quote]I can't tell you how many times I've seen an IRA snatched away from a person in the event of bankruptcy. [/quote] Read my post again. I said 401ks offer full bankruptcy protection, not IRAs. [quote]Right. NEVER. Guess you didn't read details of that pesky law did you? You know the one ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 6:52 pm
A wider range of investment options is just about the only advantage to a tIRA over a 401k, but if you are an index fund investor, it's mostly a wash. Another potential advantage can be lower fees, although this is very dependent on the situation. 401k loans offer 2 indisputable advantages, abil...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 6:27 pm
[quote]Anyone who thinks it's better to roll into the new 401k vs. an IRA needs to be questioned hard before listening to. [/quote] Lol...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 6:04 pm
This is a message board. Anybody that makes investment decisions based only on information found here is unwise. That said, your fellow industry guy is just as guilty of making incomplete or vague statements in this thread as us "do it yourselfers". The wise thing, which I think we can all ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 5:29 pm
[quote]Of course I have. I've been doing this for a living for 20 years. And fyi, the balances are exactly the same.[/quote] I couldn't resist. The statement above is completely false if money is transferred from an old 401k plan into one of these two accounts, which is what this entire thread is...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 5:22 pm
Ok big guy. ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 5:21 pm
[quote]Broke[/quote] Nothing I have posted in this thread is false, or bad advice. I can assure you I have a full grasp of the topic. ...

Posted on: Money Talk

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 5:19 pm
[quote]Nope. Can you buy Exxon in your 401K if you choose? What about a $3 stock to try to hit a home run? Can you buy a CD if things get dicey and you get a little scared? [/quote] I guess you and I have different definitions of "a wide range of investment options". ...

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re: Rolling over 401K to new job
Posted by Sigma on 12/17 at 5:16 pm
[quote] I didn't ignore them. All you talked about was the balance. You are giving him half arse advice. Did you ask him how old he was? His tax bracket? Married or single? Any other debts? Of course not.[/quote] I didn't think I had to mention this part. It's the biggest and most important d...

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