URGENT! Email from Katzgar.

[anonymoose]

401k? 403b? or something else?
Kudos to those here who worked 30 plus career years to build this type of investment, btw....I wonder how many here can claim that?

 

[jimmymccready]

Market closed positive for the first time this week, if positive is the low 26000s the new normal.

 

[Jack]

I am holding off.

What did you buy today?? If I may ask.

QQQ
DGRO
MJ
FBALX
Total Stock Market index fund

I'm nibbling at this on the way down. This thing may go down another 4,000 points, or may turn around on a dime and sky rocket before I know it.

 

[Bill]

Market closed positive for the first time this week, if positive is the low 26000s the new normal.

S&P 500
2,972.37 51.57 (1.70%)
4pm
1pm
10am
3,100
3,000
2,900
Dow Jones Industrials
25,864.77 256.50 (0.98%)
4pm
1pm
10am
26,200
25,700
25,200
NASDAQ Composite
8,575.61 162.9717 (1.86%)

 

[CFM]

It's possible. We're all at risk.
Without testing, we have no idea where the 'hot spots' are.

Hopefully, they'll get it.

 

[Legion]

Hopefully, they'll get it.

I'm hoping that nearly all the JPP liberals succumb to COVID-19, with few exceptions.

 

[Legion]

Market closed positive for the first time this week, if positive is the low 26000s the new normal.

Hopefully you'll test positive for something terminal in the near future.

 

[Legion]

Of Trump's incompetence? Yes.

Were you frightened when Obama golfed and Michelle remodeled and gardened during the H1N1 pandemic?

That's a rhetorical question, BTW. Don't bother to lie.

 

[Jack]

Hopefully, they'll get it.

With Trump in charge, it's likely we will all get it.

 

[Jack]

I'm hoping that nearly all the JPP liberals succumb to COVID-19, with few exceptions.

Spoken like a true Trumptopian.

 

[Legion]

Spoken like a true Trumptopian.

I just got an email from Jimmy Hoffa. He says you're a troll, and not a very good one.

 

[cancel2 2022]

With Trump in charge, it's likely we will all get it.

Dip your head and hands in carbolic acid twice daily, that will sort you out!

 

[cancel2 2022]

Anybody want to volunteer?

https://www.thesun.co.uk/news/11128...edium=browser_notifications&utm_source=pushly

 

[Minister of Truth]

"Roth IRAs have been embraced by younger workers. As a financial planner, I find this so refreshing. My primary message has been that a Roth IRA is a perfect retirement savings vehicle for younger investors. While current contributions do not reduce current taxable income, these younger workers are most likely in the lowest tax bracket of their career. So that tax benefit today may not be as meaningful as the payoff years later. Imagine—decades of tax-deferred compounding and qualified withdrawals in retirement that are totally tax-free!"
https://www.forbes.com/sites/judith...-roth-ira-20-years-and-counting/#571813227fc6

If you are going to be a Trust Fund Baby ... why should you have to pay Taxes? That's my Motto!

My IRA is Roth, and my 401k contributions are Roth (will likely also make the rollover much easier).

 

[Jack]

My IRA is Roth, and my 401k contributions are Roth (will likely also make the rollover much easier).

That's a good combination. I think the 'contribution limit' is higher with a 401.

 

[Minister of Truth]

That's a good combination. I think the 'contribution limit' is higher with a 401.

Oh, yeah. There are still ridiculous caps on the Roth IRA. The Roth 401k doesn't seem to care about such things.

 

[Jack]

Oh, yeah. There are still ridiculous caps on the Roth IRA. The Roth 401k doesn't seem to care about such things.

"The contribution limit for a designated Roth 401(k) for 2020 is $19,500, up from $19,000 in 2019. Account-holders who are age 50 or older may make catch-up contributions of up to $6,500, for a potential total annual contribution of $26,000."
https://www.investopedia.com/ask/answers/102714/what-are-roth-401k-contribution-limits.asp

 

[Minister of Truth]

"The contribution limit for a designated Roth 401(k) for 2020 is $19,500, up from $19,000 in 2019. Account-holders who are age 50 or older may make catch-up contributions of up to $6,500, for a potential total annual contribution of $26,000."
https://www.investopedia.com/ask/answers/102714/what-are-roth-401k-contribution-limits.asp

I think the annual cap on my Roth IRA is $5600.

 

[Jack]

I think the annual cap on my Roth IRA is $5600.

Yeah. IRA=5600. 401=19,500.
Now, all you have to do is figure out how to contribute 19,500 for the next 30 years.

 

[Minister of Truth]

Yeah. IRA=5600. 401=19,500.
Now, all you have to do is figure out how to contribute 19,500 for the next 30 years.

I know, right?