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Message
Where would you invest next?
Posted on 12/10/24 at 11:04 am
Posted on 12/10/24 at 11:04 am
Hypothetical. You are contributing fully to your employer provided 401k pretax. You are maxing out your Roth IRA post tax. What would be your next move for retirement funds? 5 years to retirement.
I'll hang up and listen.
I'll hang up and listen.
4
Posted on 12/10/24 at 11:11 am to Daygo85
HSA if eligible then taxable brokerage.
What income do you anticipate during retirement? It's possible you can pull long term capital gains and pay zero if your taxable income remains in the 12% bracket.
Having a mix of pre tax, post tax and long term capital gains gives flexibility for tax optimization and to manage qualifying for ACA etc..
You could also use funds from taxable brokerage later for Roth conversions to reduce future RMDs if that's gonna be an issue.
What income do you anticipate during retirement? It's possible you can pull long term capital gains and pay zero if your taxable income remains in the 12% bracket.
Having a mix of pre tax, post tax and long term capital gains gives flexibility for tax optimization and to manage qualifying for ACA etc..
You could also use funds from taxable brokerage later for Roth conversions to reduce future RMDs if that's gonna be an issue.
Posted on 12/10/24 at 1:58 pm to TorchtheFlyingTiger
quote:
You could also use funds from taxable brokerage later for Roth conversions to reduce future RMDs if that's gonna be an issue.
Can you expand on this? I don’t follow.
Posted on 12/10/24 at 2:10 pm to Daygo85
quote:
Hypothetical. You are contributing fully to your employer provided 401k pretax. You are maxing out your traditional IRA post tax
Not hypothetical. This is my reality. The traditional IRA is considered pre-tax by the IRS because I deduct it on my return.
Then I dump a chunk each month into my brokerge account buying VOO or VTI, whichever I have a hankering for at the time.
This post was edited on 12/10/24 at 2:14 pm
Posted on 12/11/24 at 4:06 pm to VABuckeye
Curious as well, I just had a good chunk come free that was in T-bills and Cd's. currently max out wife's Simple IRA and I have a profit sharing at work. not eligible for any ROTH stuff. right now it's in a HYSA. retirement for both within 10 yrs. probably just split between VTSAX and VWLAX (muni fund)
Posted on 12/11/24 at 11:20 pm to Daygo85
I'm not anywhere near as knowledgeable about investing as the pros in here, but I've been shoving everything I can into Argentinian stocks. Have been since February. ARGT, PAM, and GGAL.
Been dollar cost averaging along the way as well.
I just figured that w/ the reforms Milei was going after and the kind of resources Argentina has, it was a match made in heaven. Sure, there was a leap of faith initially, but that's true of most investing, I think.
Anyway, Milei's party, which he started less than 4 years ago, is projected to win over 50% of the congressional seats in the '25 elections. Milei has barely scratched the surface of what he wants to deregulate and the state programs he wants to end. I just don't see how more and more capital flows there and how prosperity will boom.
Been dollar cost averaging along the way as well.
I just figured that w/ the reforms Milei was going after and the kind of resources Argentina has, it was a match made in heaven. Sure, there was a leap of faith initially, but that's true of most investing, I think.
Anyway, Milei's party, which he started less than 4 years ago, is projected to win over 50% of the congressional seats in the '25 elections. Milei has barely scratched the surface of what he wants to deregulate and the state programs he wants to end. I just don't see how more and more capital flows there and how prosperity will boom.
Posted on 12/14/24 at 8:26 am to stuntman
Reddit and Rocketlab are doing well. Put some in those. I’d really long term VOO. IVE ALREADY MADE 124% and 104% on Reddit and rklb. I have $90k in nvidia with avg cost of 108 but I bought $14k at 572 a share. But I’m more inclined to researching tech stocks. Plenty of stocks out there you can double or triple your money in 5yrs…
Posted on 12/14/24 at 5:47 pm to TorchtheFlyingTiger
quote:
You could also use funds from taxable brokerage later for Roth conversions to reduce future RMDs if that's gonna be an issue.
Like Torch said.
Save cash. Don't tap your tax advantaged accounts the first year or two you retire. Convert as much as reasonable from your traditional IRA to Roth at the lower 10-12% tax brackets. Another way to do it, if you can make the math work, is take out two years' worth the first year then nothing the next and convert traditional to Roth at the lower tax brackets. That approach may or may not be worthwhile.
Also consider Obamacare if you need it. A lower taxable income means lower premiums. Would be a factor if you or your wife aren't on medicare yet. You might plan to keep your taxable income low until you clear Obamacare.
Posted on 12/14/24 at 5:59 pm to stuntman
quote:
I'm not anywhere near as knowledgeable about investing as the pros in here, but I've been shoving everything I can into Argentinian stocks. Have been since February. ARGT, PAM, and GGAL.
How much higher do you see it going?
Posted on 12/15/24 at 4:52 am to BamaCoaster
No idea, just up.
JP Morgan forecast 8.5% growth in their economy for '25, though.
JP Morgan forecast 8.5% growth in their economy for '25, though.
Posted on 12/16/24 at 7:55 pm to Daygo85
MSTR
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