The deficit is one of the other reasons why long term I am a bear. 20 years from now, taxes are going to be waaaay higher than they are today. That is pretty much guaranteed.
That's fine. I'll be retired well before then. The taxable income from my brokerage and retirement accounts that I will be withdrawing from per year will place me in a much lower income tax bracket.The deficit is one of the other reasons why long term I am a bear. 20 years from now, taxes are going to be waaaay higher than they are today. That is pretty much guaranteed.
You're last statement is exactly why you should not worry about a possible decline. Even if you can brilliantly time the exit, what are the chances that you'll get back in at just the right time? You have to predict the future correctly twice to win. Once when getting out at just the right time and once when getting in at just the right time. The vast majority of people fail at one or both. It is really hard to change your mindset on a dime and go from sell, sell, sell to buy, buy, buy.
Just let it ride. Usually you'll do better they trying to time a temporary small dip.
I'll take your stuff if you don't want it.I haven't touched anything in probably over five years. I don't even really look at my account. Maybe someday I'll need it. I'm more bothered about the Required Minimum Distribution but they seem to have kicked that can down the road a ways.
20 years from now, I hope to have been dead for a few.
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Anyone use E*Trade? Happy?
Back to buying on the way down. I'm okay with it.
We'll see what Feb.1st holds for the market.Good thing I got out. 🤪
Now watch it go back up, then down, then up..
No problems here with etrade for many years, but I don't have a point of comparison. One negative is uncommitted cash barely earns any interest. Etrade is now owned by Morgan Stanley.Anyone use E*Trade? Happy?
We'll see what Feb.1st holds for the market.
Still out or did you buy back in?Oh hey look at that, another market rally. It was Fed speak last week that caused such a dip.
Perhaps they should not say stupid things.
Shareholders love a good old fashioned layoff. Google, Amazon, and Microsoft did it just recently. Spotify today. Looks like the market got a wiff of it on Friday as it was being priced in. It's kind of them to do it after the holidays unlike in the past when layoffs happened quite frequently in November and December.
I don't see the connection to the recent tech layoffs.It's more hype over the Fed saying something about cutting rates. You'll have to wait to Feb 1st to find out if it's true or not.
I don't see the connection to the recent tech layoffs.
Something posters may know of this already but if you made a lot in capital gains from stock sales in a year then your social security benefits will do down a lot. For the older folks on the forum.
I used to think like many still think that selling stocks for a profit doesn't make your social security go down. But it does and so does selling a house or just about anything else if the profit is big enough to trigger deductions from social security. So it's not just working at a job for a wage while receiving social security that causes your benefits to go down. They simply raise your Medicare deduction which takes effect at the start of a new year.
Man it can cost you up to near $500 per month for Medicare deducted from your social security check. Like if you sold some big tech stocks in 2021 when they were near their all time highs. Not that I'm in that high of an income bracket.
The IRS reports tax returns to social security/medicare. And you can read the deduction chart right on the official Social Security government site here:
Benefits Planner: Retirement | Medicare Premiums | SSA
Learn the affect a higher income can have on your monthly Medicare premium.www.ssa.gov
VGCX climbing back! I feel like a big shot now, owning stock that are in double digits.
It was a little higher when I bought though so I'm still in the hole. Once it goes past that point I'll either take the cash and run while I'm ahead... or wait longer and see if I can get a return on investment.
I suck at investing, so I think my biggest investment is probably going to be my wood stove, return will be $100+ per month once I start using it, if I consider the utility bill savings.