Why a 401(k) Will Yield You More Money Than a Pension

[Thebrownblob]

Good for you. Take charge of your largest asset. Is there margin trading in the self manage?

Family friend is a wealth manager. Manages it for me and those are the smallest and I’ve had in quite a while it was close to 14% until recently.

 

[IVE GOTTA PACKAGE 4U]

No one who can't take delivery of physical oil is trading futures. ETFs, longs and options on commodities. Unless you have a place to store your purchase.

All I'm trying to say some of that stuff is way too risky to have in your retirement fund

That's the kind of stuff you do if you have extra money outside of your retirement

 

[pkgdriver]

Well our 401k plan does not offer that.

Like @Up In Smoke said with the Self Managed Option you can cover just about all the bases that he mentioned.
I signed up for it shortly after it was offered. 90% of my 401k is in it now. 10%is in the plan options. You are unable to use options, invest in SPACs, some MLPs and ETFs/ funds that issue a K1.

Trying not to be a Dave

 

[IVE GOTTA PACKAGE 4U]

Like @Up In Smoke said with the Self Managed Option you can cover just about all the bases that he mentioned.
I signed up for it shortly after it was offered. 90% of my 401k is in it now. 10%is in the plan options. You are unable to use options, invest in SPACs, some MLPs and ETFs/ funds that issue a K1.

Trying not to be a Dave

A K1 can disqualify your whole 401K from being tax exempt

 

[Non liberal]

Not sure how that can be. The Dow is up 11% plus dividends, the S&P is up 14% plus dividends but the nasdaq is up only 1% since 2021.

What? Yeah for the year. The problem is it dropped like 18% last year so we’re still behind.

 

[pkgdriver]

A K1 can disqualify your whole 401K from being tax exempt

Think so. Thats why they dont let you invest in anything that has one. Or if you do you get a phone call email to sell it or they will.

 

[Non liberal]

View attachment 434339
Here’s your bill.
Now deduct from your 401k. Now it makes more sense.

Whatever that means

 

[IVE GOTTA PACKAGE 4U]

What? Yeah for the year. The problem is it dropped like 18% last year so we’re still behind.

But is your balance higher than it was a couple years ago?

 

[IVE GOTTA PACKAGE 4U]

Think so. Thats why they dont let you invest in anything that has one. Or if you do you get a phone call email to sell it or they will.

It's a small amount to like $1,500 can totally screw up your whole retirement plan

 

[Non liberal]

But is your balance higher than it was a couple years ago?

No, that’s what I’m saying, it’s still like 5k shy of where it was at it’s highest under trump.

 

[pkgdriver]

It's a small amount to like $1,500 can totally screw up your whole retirement plan

Using the DIAD6 again? Please rescan/post.

 

[IVE GOTTA PACKAGE 4U]

Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000

A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could...

finance.yahoo.com

 

[IVE GOTTA PACKAGE 4U]

Using the DIAD6 again? Please rescan/post.

I was talking about K1 income
It doesn't take a lot of money to mess up a 401k or an IRA

 

[Over70irregs]

Come on
Can't anyone post a picture?

@over9five bring out the ban hammer
View attachment 434342

Lololololollllololll

 

[Non liberal]

No, that’s what I’m saying, it’s still like 5k shy of where it was at it’s highest under trump.

It’s been growing nicely lately, but all these “gains” people are talking about are not gains. They’re just gains for the year, we are still in the hole from where we were a few years ago. It’s like the inflation we’ve experienced, and how people say well we make good money at ups, (which I used to be one of those people) however our $41hr. Does not have the same purchasing power as it did 4-5 years ago. It’s like making $30hr 4-5 yrs ago, you could buy the same amount of stuff.

 

[Up In Smoke]

Definitely not as risky as options and currency
Wind the clock back three and a half years
How would you like to bought oil futures for $60 a barrel then they was -7 a barrel in March during the pandemic
That kind of investments do not belong in their 401k
Mutual funds belong to 401K because if a couple companies tank all of your money is not the one stock.

Mutual funds prospectus force them to keep buying shares in all markets. Low fees equals low attention from the managers.

 

[Over70irregs]

No one who can't take delivery of physical oil is trading futures. ETFs, longs and options on commodities. Unless you have a place to store your purchase.

 

[PT Car Washer]

No, that’s what I’m saying, it’s still like 5k shy of where it was at it’s highest under trump.

$5k? LOL. I'm like $50k short. But my income from my IRA is more than it has ever been thanks to the higher interest rates.

 

[Over70irregs]

It’s been growing nicely lately, but all these “gains” people are talking about are not gains. They’re just gains for the year, we are still in the hole from where we were a few years ago. It’s like the inflation we’ve experienced, and how people say well we make good money at ups, (which I used to be one of those people) however our $41hr. Does not have the same purchasing power as it did 4-5 years ago. It’s like making $30hr 4-5 yrs ago, you could buy the same amount of stuff.

Sorry about that. That’s why I started a thread to possibly get paid in another store of value. This one is NOT working and we all know it.

 

[Up In Smoke]

No, that’s what I’m saying, it’s still like 5k shy of where it was at it’s highest under trump.

Are you in one of the funds?? There are only a couple of sectors that are down from 2021. Commercial REITs are down, but I don't think there are many funds that are heavy on REITs.