Fidelity has an awesome platform and $4.95 a trade.
The big 4 discount brokers are TD Ameritrade, Fidelity, Schwab and Etrade.
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Fidelity has an awesome platform and $4.95 a trade.
The big 4 discount brokers are TD Ameritrade, Fidelity, Schwab and Etrade.
Quoted from Spyderturbo007:1. Increasing my 401k to 20% and contributing the maximum to a Roth IRA.
2. Increasing my 401k to 15% and then dumping the other 5% into a broad base index.
3. Both, #1 & #2.
Fixed that for you...
Quoted from Spyderturbo007:I’m a little confused. If I currently contribute 25% and I change my contribution to either % you indicated (20 or 15), that would be a drop in contribution.
Since the maximum 401k contribution limit is $19,000 for 2019, most employers will put a cap at 20%. If you are contributing 25% and it exceeds the $19,000 you will get a check at the end of the year bringing you back down. Good for you at 25%, keep up the good work and reinvest if you get that check!
Most Americans don't save enough and hesitate to contribute beyond the employer match.
Quoted from Madmax541:At age 50 and over you can contribute an additional $6000 for a total of $25000 per year.
You're old.
Quoted from Spyderturbo007:If I currently contribute 25%
Sorry, I should have read that more carefully. The General rule of thumb is to max out your 401k first, then move on to other investments. If you meet the criteria for making a Roth contribution, and you can afford it, do it. Roth IRA money grows tax free and that is awesome, but you might prefer to have the break on your taxes now as opposed to when you are older.
Quoted from iceman44:“Congress is coming for your IRA”
Read Wall st journal article yesterday
Taxes will NEVER be lower in your lifetime
I am glad that you know when I am going to die. But don't tell me, I want it to be a surprise! Some of the reporting that comes out of the wall street journal and cnbc is total crap. Today there was a segment about the spirit animal index, wtf? The hot waitress indicator though... I can get behind that one. Diversify, allocate, and eliminate taxes and fees.
Quoted from iceman44:Dude, the House passed the bill 417-3 and the Senate is on board with only Ted Cruz as the only holdout because he wants to add some obscure provision.
Look, I'm not disagreeing that congress wants BDAs to distribute faster, just saying that the reports aren't giving the whole picture. They have nothing to do with the original depositor and Congress never hammers out the details. Did the HUGE tax break save you HUGE piles of cash?
Moving to 72 for the MRD is a win for most of us.
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