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Just tweet a lot about it your biggest fear and Congress will save it.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
US regulators take steps to make sure SVB customers can access all their money
Treasury Secretary Janet Yellen on Sunday instructed the Federal Deposit Insurance Corporation to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday.abc13.com
* "and prevent more bank runs"....
Biggest U.S. bank failure in nearly 15 years may have ripple effects worldwide.
via ABC News App
Asian shares mostly sink on jitters after US bank failure
Asian shares have mostly fallen, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the worldabcnews.go.com
Whoa, this is serious!
Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.
Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Va...
Then there is the press articles that the banking issues are causing mortage rates to drop.
www.sfchronicle.com
Mortgage rates are dropping after Silicon Valley Bank collapse. How low will they go?
Mortgage rates have dropped by nearly a half a percentage point following the collapse of...
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Then there is the press articles that the banking issues are causing mortage rates to drop.
Mortgage rates are dropping after Silicon Valley Bank collapse. How low will they go?
Mortgage rates have dropped by nearly a half a percentage point following the collapse of...
Don't like paid web links.
It was a brief drop in the rate, not much change today.
The various articles are pushing it that the trend is hopefully going to bring buyers back to the housing market.
Better watch those precious metals investments.
finance.yahoo.com
JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.
The bank kept bags of stones in a Dutch warehouse thinking they were bags of nickel that would have been worth more than a million dollars.
CowboyTaco
Well-Known Member
on the topic of saving money, garbage collection was $27/mo. when we bought our current house and signed up for service. In just 4 years, it has increased to $38/mo. That's more than a 40% increase.
We found a county compactor site up the road. Totally free. We rarely fill our garbage. I am looking forward to the $456 savings per year.
We found a county compactor site up the road. Totally free. We rarely fill our garbage. I am looking forward to the $456 savings per year.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
View attachment 48784
The dumbasses overthrew still haven't sold. Today's page is worth the read,
(╯°□°)╯︵ ┻━┻ STONKS! ┬─┬ノ( º _ ºノ)
2023 after 3 days. Ken Block-dead, Jeremy Renner-critical, Damar Hamlin-critical. My portfolio-critical. lol GF's company shuts down all Reno...www.tacomaworld.com
View attachment 48785
Bwaahahaha!!!
Those dumbasses have lost thousands of dollars. One dude has like 10k in that stock at one point.
Freaking oof! But Internet advice is 99 times out of 100 worth what you pay for it.
CowboyTaco
Well-Known Member
I don't remember the last time I looked at that page.
I will say that they did clue me in on Academy when it went public. I bought at $25 and sold half when it went to $50. So my 165% gain that Fidelity shows is all profit. Kind of wish I'd have bought more or not sold half, but oh well....
I will say that they did clue me in on Academy when it went public. I bought at $25 and sold half when it went to $50. So my 165% gain that Fidelity shows is all profit. Kind of wish I'd have bought more or not sold half, but oh well....
CowboyTaco
Well-Known Member
Market has been on a run. Is this a pump before the dump?
I have my opinion on this topic and for the last year have split my retirement from only 401k to 50/50 with a Roth.
Anyone else have a thought on when to pay retirement taxes?
www.investmentnews.com
Anyone else have a thought on when to pay retirement taxes?
It's time to stop contributing to IRAs and 401(k)s
Stop contributing to IRAs and 401(k)s? Yes, because adding these balances only increases your future tax bill in retirement.
www.investmentnews.com
Yes, Roth's are the way to go now (unless you are of an older age and have been contributing to a 401K for most of your career. It makes no sense for a 50+ person to open a Roth account and stop contributing to a 401K when they are going to retire in 15 years. Just keep contributing to your 401k to get a higher return when you retire.). This is what I was told by our fiduciary.I have my opinion on this topic and for the last year have split my retirement from only 401k to 50/50 with a Roth.
Anyone else have a thought on when to pay retirement taxes?
It's time to stop contributing to IRAs and 401(k)s
Stop contributing to IRAs and 401(k)s? Yes, because adding these balances only increases your future tax bill in retirement.
My wife and I both have a 401k and a Roth account now. Our work contributes to our 401k and our business contributes to our Roth. Both my wife and I are contributing as much as we legally can so we can retire by 55. Saying this, we are in a different financial situation than most couples (but we are still far below what @Silverback onlyfans pulls in on a monthly basis
)
I am doing what I can while the sammich maker is in college. Once she gets out and increases her income I should be in position to significantly increase my Roth contributions.
PSU Taco85
Well-Known Member
I split mine 50/50, but there is a certain threshold where you won’t make up the interest earned vs the tax savings so if you’re 40+ and never contributed to a Roth 401k just stick with the standard. The Roth IRA has income limitation if I believe 147k so a lot of people are out of that unless you do the back door Roth IRA. I contribute the minimum amount to my company 401k to get their maximum contribution match, and I save the rest in my own account with an advisor.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Thats not correct. Fire your Rep or the fiduciary.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Everyones case/variables are going to different.
Important to learn about all the investment tools out there.
Use retirement planning tools provided by reputable brokers for selfhelp.
Analyze current tax obligations vs retirement goals/amount vs potential change in tax bracket after retirement.
Most important, do you think our government is going to lower or increase tax brackets in future years??
IMO it will increase!
Kudos to y'all, thinking about your financial future!!
Important to learn about all the investment tools out there.
Use retirement planning tools provided by reputable brokers for selfhelp.
Analyze current tax obligations vs retirement goals/amount vs potential change in tax bracket after retirement.
Most important, do you think our government is going to lower or increase tax brackets in future years??
IMO it will increase!
Kudos to y'all, thinking about your financial future!!
I am mainly waiting for the baby boomers to die off and the millennial grandkids to inherit the wealth. Then it will be easy pickings separating those young fools from that money.
CowboyTaco
Well-Known Member
I'm gonna side with Scott on this one. I think taxes will continue to increase just like everything else. I'd rather pay tax on that money now and have it tax free when I need it.
You starting an onlyfans too now? On a more serious note, how to do you plan to do that? What good/service will you offer them to convince them that you are the place their inherited money needs to go?
On a more personal level, I have rolled all of my previous 401(k) accounts into either a Roth IRA or a Rollover IRA that I manage. That way I don't have to keep track of 5 different 401(k)s. I contribute enough to get the maximum match from each company where I have worked. That's essentially free money, so why would I leave that one the table? I try to put the maximum allowable into the Roth IRA each year and I have a regular investment account where I have a scheduled deposit made each month. This allows me to "dollar cost average" into the market. That way I'm not trying to "time the market" as no one has really successfully done that (save for maybe Warren Buffet / Charlie Munger...those dudes just buy billions whenever the market goes down) and I'm not putting all my money in during a high (or low) time.
Though I'll admit, I have considered (not seriously) about getting out and waiting for the next decline. What stops me is not knowing when that will be and missing out on all those dividends in the meantime.