DreamboatAnnie's Account Talk

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Yes. Sadly have decided to stay on the Lilly Pad! Patience... Patience.... :smile: But I do like to gamble...:rolleyes:

Best wishes to everyone on your Investments!!!!!! :smile:

Happy Election Day! :swordfight:
 
I can't say as I like this action...not that I'm opposed to making money but I would prefer more consolidation on an election day (uncertainty factor). On the plus side, it does still closely align with your crystal ball chart!
 
Yep.. and it seems that crystal ball chart shows a huge jump up on day 5... hummm... that is tomorrow!!! :nuts:
It also says buy the dip in October. hum....
 
So, just turned off TV... thinking tomorrow I may enter market...the world is not ending, Trump has phone call with President Xi on Thursday about trade....hummmm...so all this could be positive.....then I notice Fed Reserve has a Policy decision on interest rates coming out Thursday! But I thought that was happening in December. :suspicious:
ok...guess I will assess charts in morning and decide, but thought of Fed speak gives me chills.... and not in a good way. :sick:

https://seekingalpha.com/article/4218132-fed-meeting-7minus-8-november-2018-impact-rate-rise


https://graphics.wsj.com/gallery/what-fed-officials-said-november-2018


Interesting section at bottom of article on Fed

https://www.dtnpf.com/agriculture/web/ag/perspectives/columns/washington-insider/article/2018/10/26/fight-fed-decisions
 
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Things are going to be a little crazy for a few _____ (hours/days/weeks/months, pick one)...

DreamboatAnnie said:
So, just turned off TV... thinking tomorrow I may enter market...the world is not ending, Trump has phone call with President Xi on Thursday about trade....hummmm...so all this could be positive.....then I notice Fed Reserve has a Policy decision on interest rates coming out Thursday! But I thought that was happening in December. :suspicious:
ok...guess I will assess charts in morning and decide, but thought of Fed speak gives me chills.... and not in a good way. :sick:

https://seekingalpha.com/article/4218132-fed-meeting-7minus-8-november-2018-impact-rate-rise


https://graphics.wsj.com/gallery/what-fed-officials-said-november-2018


Interesting section at bottom of article on Fed

https://www.dtnpf.com/agriculture/w...nsider/article/2018/10/26/fight-fed-decisions
Click to expand...
 
Enjoyed exploring the dtnpf.com link, dba. A new one for me. good info there on farm finance, helpful for future retiree minifarm calculations. tip of the hat to ya! Fyi all, got my dad's new NARFE magazine in mail yesterday, good article on income tax calculations for withdrawals from tsp or other taxable income sources, and associated impacts on taxable SS levels. I'm still muddling through it, as the article skips over some intermediate steps in the calculations.
 
I retired at 56 in Dec 2015 -- Taxes are hitting me pretty hard on my TSP withdrawals - still haven't got it down
 
BamaAF said:
I retired at 56 in Dec 2015 -- Taxes are hitting me pretty hard on my TSP withdrawals - still haven't got it down
Click to expand...
Regular tsp withdrawals are taxed as income. Whatever your income tax bracket is, is what you pay. I think the tsp-Roth option is the way to go. Wish I had that option.
 
Bama, you would have to wait til you decide it's time to draw SS, before the referenced NARFE article would have much value for you. basically, the more taxable non-SS
income you have, the greater the potential for taxable levels of SS to jump up higher simultaneously. resulting in bigger than otherwise expected tax bill. Once you start drawing SS, that is. you're underage for SS for another few years yet til 62 rolls around. That bell tolls for me in another few months. FERS 10% bump if all goes according to plan. We shall see how the winter goes in the meantime. Critical longdistance parental care issues and new arrangements ongoing for me since June.
 
Generally I agree with the benefits of Roth...but not necessarily in regards to TSP. You have to look at the tax brackets you are in while working and what your TSP contributions do to drop you into a lower bracket. If you are 24% ($82.5g to $157.5g) bracket you have already paid taxes on what you throw into Roth at that rate. If you throw it into TSP (with the very low costs) and draw down in retirement you likely will be in the 22% bracket. This could make regular IRAs more cost effective than Roths when you are on retirement income (again-likely lower income and lower taxes).

Everyone has to crunch their numbers...
 
Mcqlives said:
Generally I agree with the benefits of Roth...but not necessarily in regards to TSP. You have to look at the tax brackets you are in while working and what your TSP contributions do to drop you into a lower bracket. If you are 24% ($82.5g to $157.5g) bracket you have already paid taxes on what you throw into Roth at that rate. If you throw it into TSP (with the very low costs) and draw down in retirement you likely will be in the 22% bracket. This could make regular IRAs more cost effective than Roths when you are on retirement income (again-likely lower income and lower taxes).

Everyone has to crunch their numbers...
Click to expand...

I think Roth is by far the way to go, if you have a long way until retirement. The closer you are to retirement the less money you will make off that investment and the less likely that tax rates will raise before you pull the money out.

1. You pay your current tax rate on the money you put in, tax rates are likely to rise, so even though you might be making less when you retire, the rates could raise higher than what you pay now (but then again, maybe they don't go up that much).

2. The money you EARN from your already taxed dollars can be withdrawn tax free (this is the biggest tax savings for those with a long way to retirement). For example, a 20 year old puts in 10k of taxed dollars, in 30 years may have 100k tax free dollars.
 
Ok. I know I said I would get in right after the election but rethinking it. I tried to talk myself into going in just 50%....and still thinking.... But I really do not like the idea of getting in on an up day and with those gaps. 25 minutes to go.

Best wishes to everyone entering the market!!!!!!:smile:
 
Serious question. Do gaps always have to be filled? The reason I ask, is I got in last week and am now up close to 2% (if we close at the highs now). SO I have 10 minutes to decide to go back to G and wait for the gap to fill, and then go to C again. Or to just stay long! Uggg decisions.
 
daze823...I agree with everything you say to some extent if not all the way. My comments were in regards to the TSP Roth...I should have been clearer.

I have 2 Roths (one was my wifes and the other I started) but both of them are through separate brokerages. The flexibility they provide, accompanied by an outstanding performance record, is wonderful and the profits far outweigh the nominal transaction fees they charge for transfers. Both Roth accounts are actively managed as parts of larger fund portfolios (I pick the fund is where the transfer fees come in) and have consistently outperformed the limited funds tracked by the TSP.

Happy trading all!
 
alevin said:
Bama, you would have to wait til you decide it's time to draw SS, before the referenced NARFE article would have much value for you. basically, the more taxable non-SS
income you have, the greater the potential for taxable levels of SS to jump up higher simultaneously. resulting in bigger than otherwise expected tax bill. Once you start drawing SS, that is. you're underage for SS for another few years yet til 62 rolls around. That bell tolls for me in another few months. FERS 10% bump if all goes according to plan. We shall see how the winter goes in the meantime. Critical longdistance parental care issues and new arrangements ongoing for me since June.
Click to expand...

Yes, have 3 years before I start drawing SS and the FERS supplement ends
 
The flexibility they provide, accompanied by an outstanding performance record, is wonderful and the profits far outweigh the nominal transaction fees
Click to expand...

I'd like to get into external IRAs this year. Just curious what brokers are you guys using for your Roths?
 
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American funds (initial set up through a financial advisor) and Charles Schwab. Also have a 529 with AF....ive seen better 529s over the years but it has performed well enough for me. Was emerging market heavy in all of these for years but have been more conservative since recession hit.
 
1965Vintage said:
Serious question. Do gaps always have to be filled? The reason I ask, is I got in last week and am now up close to 2% (if we close at the highs now). SO I have 10 minutes to decide to go back to G and wait for the gap to fill, and then go to C again. Or to just stay long! Uggg decisions.
Click to expand...

Sorry 1965... I jumped off line so didn't see your question. I understand they usually do fill although they do not always fill right away. Today was a great relief rally. Bigger than I thought but I guess market really loved the outcome of election. Decisions Decisions….
 
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