Originally Posted by FAH-Q:
Correct. And you definitely want a brokerage account anyway as there is a bucket strategy for withdrawing money once you get to the RMD age and you have to start recognizing some of your 401k distributions.
So there is always a magic combination you can use once RMDs kick in to limit, to the extent possible, total taxable income during retirement. That’s why having that brokerage account is critical.
Disclaimer: I am not a financial advisor, however I am a CPA so I do know a little bit bout taxes.
Originally Posted by KCUnited:
So after I max out my 401K and roth IRA my only option for adding funds to trade with is a brokerage account?
Do you have a HSA? You can invest in those and they're triple tax deferred so nothing up front or when you cash out. As long as you use the funds appropriately.
Other than the low contribution limits it's the best retirement plan we get. It's for health care expenses but that ends at 65 and you can use it for whatever. Though you probably have quite a bit of health expenses by that age [Reply]
Originally Posted by ChiliConCarnage:
Do you have a HSA? You can invest in those and they're triple tax deferred so nothing up front or when you cash out. As long as you use the funds appropriately.
Other than the low contribution limits it's the best retirement plan we get. It's for health care expenses but that ends at 65 and you can use it for whatever. Though you probably have quite a bit of health expenses by that age
That's a good point, I forgot about my HSA. I invest everything over my out of pocket maximum but don't think I max it out each year. [Reply]
Originally Posted by lewdog:
Decent list except for T. T is worthless and you won’t convince me otherwise.
Nice job.
Most of those stocks I got through a subscription service so I'll take credit for buying when I did but that's all. The three laggards didn't come from that subscription nor NVDA. [Reply]
Originally Posted by lewdog:
Decent list except for T. T is worthless and you won’t convince me otherwise.
Nice job.
As an ex-employee I can confirm. Worse bureaucracy than the govt. Openly hostile to their customers and worse to their employees.
However they're so big they can basically buy off the govt to stifle competition in any area they want. Or in some cases like they have already hybrid-fused with the govt. Which is why their stock may be a good buy long term I dunno. [Reply]