Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

oh please mention those programs
its all fair here
get me on my spiel about that ROTH scheme

 

LOL yea ok.

 

its just government history in general, it does not pertain to any particular party, they all make and pass tax laws
i have made people disgruntled in the past about my feelings towards the ROTH IRA vs Traditional IRA
everybody's situation is different

there are pros and cons for both

 

Alright guys...I just quit my job...gonna roll my 401k into my ira. If you had to reallocate today...what? Or how? Just wanted to pick at peoples brains.

 

Depends on age, risk tolerance, and if you have another job lined up(read Roth vs traditional IRA). For retirement funds I would use a mixture of VTI, BND, VNQ, VXUS. If you have 15+ yrs b4 you need the money, I would go 85/5/5/5 but I'm partial to US companies.

 

thanks! I’d like to retire in 15 years but I got about 30 more to go.

 

The only difference I'm aware of between a regular IRA and a Roth IRA are that a traditional is funded with pre-tax dollars and withdrawals are taxed whereas a Roth is funded with after-tax dollars, limited currently to 6000/yr., and withdrawals should be tax free.

When I put my tinfoil hat on, I'm concerned about the government deciding they need to redistribute our retirement funds at some point in the future (some have even stated that as their intention) but I don't know why a Roth would be in any greater or lesser jeopardy than a traditional IRA.

 

There’s no way they’d try to redistribute people’s personal money. The second amendment would come into play there, people wouldn’t allow it.

 

both are subject to the 6k limitation.
It’s mainly pre tax and after tax contributions that make the differences

 

I would not put it past them
Tax laws can change
At one time I heard that social security was promised to not be taxed ever
Yet here we are it is partially taxed for even the middle income on the lower side of the scale

 

I wouldn’t doubt they’d try it. It’s one thing changing rules with Social Security (which I think is still wrong, but not a huge deal). It would be another to try to redistribute people’s personal accounts. I don’t think they’d ever get away with that. I’d gladly join a militia to fight against that.

 

It goes much deeper than that.
Our social security numbers were never to be used for anything beyond the administration of the social security program. Anyone who thought otherwise was a Looney conspiracy theorist

How did that turn out?

 

No need for violence!

 

Give me a SS opt out option and up my retirement contribution limits to 100% of my pay regardless of the investment vehicle and I would be happy. And who knows the market may actually climb without needing stock buybacks indirectly backed by the fed and on actual share scarcity in the market instead.

 

You’re right, as long as the government stays in line there will be no need!

 

I’m curious what’s going to happen with my TSP and Government pension tbh

 

It's 100% inevitable. I have no idea of the timetable, and I sincerely hope it's not in mine or my children's lifetimes, but I have no doubt at all that it will happen.

 

That’s absolutely terrifying if it happens. That’s not what this country was founded on. I hope the generation that has to deal with it reacts accordingly.