Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-15-2023, 06:48 PM   #21
Full time employment: Posting here.
Graybeard's Avatar
 
Join Date: Aug 2018
Posts: 508
Quote:
Originally Posted by RunningBum View Post
For the OP's question, I don't think it matters if it's a ROllover traditional IRA or a ROth.
I say RO IRA cuz I never understood what a traditional IRA is, I think I made too much to contribute to one. IIRC some IRAs are pre-tax and after tax? I just say RO IRA as the money was rolled over from my 401k.
Graybeard is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-15-2023, 09:06 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 12,665
Quote:
Originally Posted by Graybeard View Post
I say RO IRA cuz I never understood what a traditional IRA is, I think I made too much to contribute to one. IIRC some IRAs are pre-tax and after tax? I just say RO IRA as the money was rolled over from my 401k.
Just a suggestion, don't use abbreviations that nobody else uses. Spelling out "rollover" really wouldn't take that much of your time would it? But you make everyone reading this take time to figure out what you're saying.
RunningBum is offline   Reply With Quote
Old 03-15-2023, 09:09 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 33,630
Sorry Graybeard... I didn't mean to raise such a fuss.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is online now   Reply With Quote
Old 03-16-2023, 06:07 AM   #24
Thinks s/he gets paid by the post
 
Join Date: Feb 2021
Posts: 1,781
Quote:
Originally Posted by Graybeard View Post
I say RO IRA cuz I never understood what a traditional IRA is, I think I made too much to contribute to one. IIRC some IRAs are pre-tax and after tax? I just say RO IRA as the money was rolled over from my 401k.
I donít think thereís a commonly accepted abbreviation. On my spreadsheet, Iíve always used r/o, but thatís no better or worse than RO. I just need some way to distinguish it from my other IRAs.
disneysteve is offline   Reply With Quote
Old 03-16-2023, 06:49 AM   #25
Thinks s/he gets paid by the post
latexman's Avatar
 
Join Date: Mar 2014
Location: Apex and Bradenton
Posts: 1,004
If in doubt, spell it out.
__________________
Good Luck,
Latexman
latexman is offline   Reply With Quote
Old 03-16-2023, 06:41 PM   #26
Full time employment: Posting here.
Graybeard's Avatar
 
Join Date: Aug 2018
Posts: 508
Quote:
Originally Posted by RunningBum View Post
Just a suggestion, don't use abbreviations that nobody else uses. Spelling out "rollover" really wouldn't take that much of your time would it? But you make everyone reading this take time to figure out what you're saying.
Honestly, I thought RO IRA was very obvious and that other people use it too. I do hate it when people use an acronym and don't define it first. Sorry, didn't mean to create a fuss.
Graybeard is offline   Reply With Quote
Old 03-16-2023, 07:31 PM   #27
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 9,929
No fuss. Everyone was nice. BTW, it was obvious to me what you meant.

I'm glad you got your broker offered CD. You got went longer than I thought you were going to. And pretty big too, at $100K. Discover Bank doesn't rank in the top tier for safety, but it's OK, and of course it's FDIC insured.
sengsational is online now   Reply With Quote
Old 03-17-2023, 06:42 PM   #28
Full time employment: Posting here.
Graybeard's Avatar
 
Join Date: Aug 2018
Posts: 508
Quote:
Originally Posted by sengsational View Post
No fuss. Everyone was nice. BTW, it was obvious to me what you meant.

I'm glad you got your broker offered CD. You got went longer than I thought you were going to. And pretty big too, at $100K. Discover Bank doesn't rank in the top tier for safety, but it's OK, and of course it's FDIC insured.
Thanks. I actually bought 2 CDs, 1 around 9 am for $75k was Discover Bank and another around 10 pm for $50k I forget the bank. The FDIC insurance makes it feel like a safe purchase. I like to keep a fair amount in reserve in my IRA in case a good buy comes along. I only have $120k left but there are T bills that will mature over the coming weeks and months.

Looking at the T bill indictive yield at Vanguard, I will not be buying any this week for sure, maybe next week depending how rates move based upon the Fed meeting next week. I did see a couple of 5.30%+ CDs tonight but those may go up depending upon the Fed meeting.

One idea I heard today was the Fed may pause for 1 or 2 meetings and based upon where inflation is they may start to rise again so 5.5% or 6% Fed Funds rate may still happen and that's when I'd want to deploy some of that remaining cash in the IRA.
Graybeard is offline   Reply With Quote
Old 03-18-2023, 06:57 AM   #29
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 9,929
^ Sounds like a solid plan to me. One can never know for sure, but it's certainly easier to define a range with fixed income instruments over equities, which can do anything at any time.
sengsational is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying a non-Vanguard ETF/ Mutual Fund in Vanguard IRA? MarieIG FIRE and Money 12 02-22-2021 07:45 PM
Long time lurker......1st time poster Jimmer25 Hi, I am... 22 01-23-2015 03:24 PM
1st time poster, Vanguard AA tickgoestheclock FIRE and Money 9 10-05-2013 11:08 AM
Would I qualify as a 1st time homebuyer for early IRA distribution? thefed FIRE and Money 2 10-14-2010 10:49 AM
What is the point in doing a Roth IRA conversion all at one time? swampwiz FIRE and Money 12 03-30-2010 04:36 PM

» Quick Links

 
All times are GMT -6. The time now is 08:13 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.