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Joined: Dec 2019
Posts: 3,027 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,027 Likes: 2 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. That’s the situation that a fellow wants to be in. An account that “doesn’t go down” is likely losing money every year to inflation now. This sounds like something set up by a bank or insurance company. Might be appropriate for some, but not for many others.
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Joined: Feb 2008
Posts: 8,582
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,582 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. Believe Me somebody’s going to use it .. Your Tax exposure is Tremendous. Of course you’ll be Dead ..
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Joined: Feb 2004
Posts: 19,217 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,217 Likes: 3 |
don't look. can't touch mine yet anyway and it WILL get better. Agree. Patience is my game plan. kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Dec 2019
Posts: 3,027 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,027 Likes: 2 |
Wifeys has gone down some, my friend has lost 200,000. I’m lucky, my retirement is state retirement. I’m lucky, hasn’t gone down . I think I’d rather be the guy that lost 200k. His balance is still probably over 800k. Percentages are like that. I do envy you those pension $$, though. Nice to be able to count on that.
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Joined: Oct 2017
Posts: 990
Campfire Regular
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Campfire Regular
Joined: Oct 2017
Posts: 990 |
Don’t look at it, my money manager keeps 18-24 months of cash carve out on the side for us to live off of to survive market swings.
"You may all go to Hell, and I will go to Texas" - Davy Crockett
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Joined: Oct 2021
Posts: 10,802 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,802 Likes: 2 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. That’s the situation that a fellow wants to be in. An account that “doesn’t go down” is likely losing money every year to inflation now. This sounds like something set up by a bank or insurance company. Might be appropriate for some, but not for many others. A lot of truth as I’ve rarely seen a one size fits all type arrangement for investors. The important thing for luvrifles and from his post is that he apparently sleeps well at night. That’s no small matter having seen investors anguish to the point of obsession .
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Joined: Aug 2007
Posts: 115,424 Likes: 13
Campfire Sage
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Campfire Sage
Joined: Aug 2007
Posts: 115,424 Likes: 13 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. That’s the situation that a fellow wants to be in. An account that “doesn’t go down” is likely losing money every year to inflation now. This sounds like something set up by a bank or insurance company. Might be appropriate for some, but not for many others. A lot of truth as I’ve rarely seen a one size fits all type arrangement for investors. The important thing for luvrifles and from his post is that he apparently sleeps well at night. That’s no small matter having seen investors anguish to the point of obsession . OK, dipschit. LOL
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
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Joined: Feb 2010
Posts: 16,082
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,082 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. That’s the situation that a fellow wants to be in. An account that “doesn’t go down” is likely losing money every year to inflation now. This sounds like something set up by a bank or insurance company. Might be appropriate for some, but not for many others. A lot of truth as I’ve rarely seen a one size fits all type arrangement for investors. The important thing for luvrifles and from his post is that he apparently sleeps well at night. That’s no small matter having seen investors anguish to the point of obsession . OK, dipschit. LOL A fella who’s an expert on everything is pretty cool to have around, no?
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Joined: Feb 2006
Posts: 429
Campfire Member
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Campfire Member
Joined: Feb 2006
Posts: 429 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. Believe Me somebody’s going to use it .. Your Tax exposure is Tremendous. Of course you’ll be Dead .. Exactly, not my problem. Inheritance isn't taxed as far as I know.
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Joined: Oct 2021
Posts: 10,802 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,802 Likes: 2 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. Believe Me somebody’s going to use it .. Your Tax exposure is Tremendous. Of course you’ll be Dead .. That’s not at all a given depending on how distributions are set up. There’s good reasons for Tax and Estate Attorneys. Ask any Congressman
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Joined: Jan 2002
Posts: 12,857 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,857 Likes: 5 |
I just checked my statement. Still the same number of shares as before.
Last five weeks have seen the largest outflow of cash from the market in over a decade. Lots of people selling low, waiting to buy back in when it’s high again.
It’s the American Way.
Sic Semper Tyrannis
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Joined: Feb 2017
Posts: 3,290 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Feb 2017
Posts: 3,290 Likes: 3 |
There’s only two times your account balance matters, when you buy and when you sell. Right now is a great time to be buying.
Yours in Liberty,
BL
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Joined: Sep 2011
Posts: 45,209 Likes: 19
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,209 Likes: 19 |
I figure if I live past 85 mine will recover.
The desert is a true treasure for him who seeks refuge from men and the evil of men. In it is contentment In it is death and all you seek (Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: Oct 2021
Posts: 10,802 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,802 Likes: 2 |
I just checked my statement. Still the same number of shares as before.
Last five weeks have seen the largest outflow of cash from the market in over a decade. Lots of people selling low, waiting to buy back in when it’s high again.
It’s the American Way. And with a long and proven record of it being The American Way.
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Joined: Dec 2019
Posts: 3,027 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,027 Likes: 2 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. Believe Me somebody’s going to use it .. Your Tax exposure is Tremendous. Of course you’ll be Dead .. Exactly, not my problem. Inheritance isn't taxed as far as I know. Buy a nice old Winchester. They can inherit that when you’re gone. Win-win. 😏
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Joined: Feb 2006
Posts: 429
Campfire Member
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Campfire Member
Joined: Feb 2006
Posts: 429 |
Rolled my 401 over to an IRA when I retired. It gains interest and doesn't go down. I may never use it, good to have anyway. Believe Me somebody’s going to use it .. Your Tax exposure is Tremendous. Of course you’ll be Dead .. Exactly, not my problem. Inheritance isn't taxed as far as I know. Buy a nice old Winchester. They can inherit that when you’re gone. Win-win. 😏 Been looking at them.
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Joined: Aug 2018
Posts: 553
Campfire Regular
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Campfire Regular
Joined: Aug 2018
Posts: 553 |
64 retired 5 years do a age 2030 2040 ECT per age max out your and partner Roth use mine for tax payments.Lots of good basic info on low cost investments on line.If you are 50 now you going to need 4 mil to live a 80k life per year.jmho
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Joined: Aug 2017
Posts: 9,074 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,074 Likes: 2 |
There’s only two times your account balance matters, when you buy and when you sell. Right now is a great time to be buying. Lotsa deals. Will be more over the coming months. If you got cash on the sidelines, better start over the next 6-9 months.
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Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
About 30,000 in the first half. While a bad thing it is not as bad as the almost 90,000 we lost after 911. But on a brighter note we really have not lost much because it's only on paper not in the pocket.
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Joined: Nov 2018
Posts: 17,048 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Nov 2018
Posts: 17,048 Likes: 7 |
Statements?
Mail?
LOL
You still got a checkbook too? Yes to all three. I like tangible documents. And I have to pay property taxes with a check. LOL
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