Time to bump up that 401k

[UpstateNYUPSer(Ret)]

Roth.

 

[Overpaid Union Thug]

Roth.

I was thinking the same. I can't remember why though. LOL. Investing is one of those things that I fully understand if I keep reading up on but totally forget if I don't.

 

[UpstateNYUPSer(Ret)]

Unfortunately you cannot transfer from one to the other until you retire.

Don't beat yourself up---you are much further along than most of your co-workers by simply funding your 401k.

 

[IVE GOTTA PACKAGE 4U]

Unfortunately you cannot transfer from one to the other until you retire.

Don't beat yourself up---you are much further along than most of your co-workers by simply funding your 401k.

I wish we had a few more investment options .

 

[UpstateNYUPSer(Ret)]

I wish we had a few more investment options .

Such as?

 

[Overpaid Union Thug]

Unfortunately you cannot transfer from one to the other until you retire.

Don't beat yourself up---you are much further along than most of your co-workers by simply funding your 401k.

I'm only worried about going all in on the Roth because it'll raise my taxable income. That might be why I had decided to split between them.

 

[IVE GOTTA PACKAGE 4U]

Such as?

A few managed funds, maybe an emerging market fund.

 

[UpstateNYUPSer(Ret)]

I'm only worried about going all in on the Roth because it'll raise my taxable income. That might be why I had decided to split between them.

You need to decide if you want the tax break now or when you retire.

I personally think the govt will start going after our 401k's for much needed tax revenue.

 

[UpstateNYUPSer(Ret)]

A few managed funds, maybe an emerging market fund.

I don't know if those options are offered through the SMA.

 

[IVE GOTTA PACKAGE 4U]

I don't know if those options are offered through the SMA.

You can buy almost any mutual fund you want to through the SMA.

 

[Overpaid Union Thug]

You can buy almost any mutual fund you want to through the SMA.

I stiiiiiiiiill haven't signed up for the SMA account.

 

[Overpaid Union Thug]

You need to decide if you want the tax break now or when you retire.

I personally think the govt will start going after our 401k's for much needed tax revenue.

Yep. Instead of just wasting less money.

 

[UpstateNYUPSer(Ret)]

I stiiiiiiiiill haven't signed up for the SMA account.

At this point you are probably best off letting the pros do this work for you through your 401k.

 

[Overpaid Union Thug]

At this point you are probably best off letting the pros do this work for you through your 401k.

I have an uncle that is a private investor. Works out of his home and does VERY well. I need to get with him.

 

[UpstateNYUPSer(Ret)]

I have an uncle that is a private investor. Works out of his home and does VERY well. I need to get with him.

Be very leery of working with family.

 

[Overpaid Union Thug]

Be very leery of working with family.

Advice only.

 

[Brownslave688]

I wish we had a few more investment options .

My wife has 5 funds to choose from that's it.

 

[Brownslave688]

I have an uncle that is a private investor. Works out of his home and does VERY well. I need to get with him.

Yeah I have an uncle that's the same way. He has a job and just toys with it on the side though.

Made enough this past year that he paid cash for a Colorado mountain top vacation home.

Everytime we get together we discuss investing.

 

[Brownslave688]

At this point you are probably best off letting the pros do this work for you through your 401k.

By "pro" you mean Edward jones guy? Lol

 

[IVE GOTTA PACKAGE 4U]

My wife has 5 funds to choose from that's it.

That's not very many, especially for a high wage earner like her.