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I have no clear explanation from them. I was not a new customer, had 401k through employer for many years with them, had checking account and 2% credit card for at least 5 years. By that time 401k balance was zero as employer moved to other custodian, and I decided to open brokerage with them...

Sorry for pulling out somewhat old topic but my question is in leu of above conversation. We have assets in all 3 brokerages, and mine 401k in the BNYMellon, but that is mute point right now. I am ok to leave all as is and continue to manage money through all 3 of them for now and have some...

I see that as incorrect approach to compare Social Security to Roth. You are correct in terms that you put after-tax money into the trust fund, but your employers also put money there on your behalf, and those are before tax money as company deduct them as expenses. And then there is a growth...

That would be ideal scenario but we do not have the crystal ball, unfortunately, and cannot predict if market will continue to move up. We already have non-zero risk to retire into the recession as I do not believe into "soft landing". I would prefer to error on the safety side, although concept...

tbis, I hear you ! And hopw that you still can stay retired. As I said before we are doing some house improvements and repairs before retirement and I agree - prices are raising way faster than official inflation. We did a lot in the last 3 years but still need to renovate 2 bathrooms and...

Understood, we do that also every year for a long time already, backdoor Roth. That is part!!! that I was missing on, your numbers make total sense now, but unfortunately neither of us have after-tax option in 401k, so no luck here. :( Similar, we do the same and being over 50 we also max...

Every quarter I am looking forward for your post about multi legged stool, I even started to track my % by following group: Tax free (Roth), Tax deferred (401k+ traditional), Contingent (HSAs), Taxable (cash, bonds, brokerage), and I do not include RE. So what I realized - I have 50%+ of all in...

Congratulations on solid Q1!!! I admire your ability to produce gains in the range of $250-300k per quarter regularly. Do you add a lot? or it is just market gains? My biggest Q was $203K and I thought I made a killing, your numbers are more than killing, it is magic :coolsmiley:

That is very encouraging to see that we already have some 2024 graduates here :dance: Kudos to all who made that race to 2024 :clap::clap::clap: Q1 2024 - 91.6% (+5.6%) we hit all time high this quarter again at $2,748k and still might make original target by end of the year. :coolsmiley: But...

Actuals without RE vs High and Low targets. Below Low target but catching up Below High target still by a lot and now it is our main target to achieve Linear projection based on last 4 quarters shows that we potentially can hit Low target this year and High target in Mid 2025, but of cause...

Q1 2024 update - We finished Q1 at $2,748k, 91.6% of the original target, booked green quarter with +$167k and that is our new all time high :coolsmiley: - Cash position is green, but went slightly down as we used some cash to fund Roth IRAs and also parking some amount in the Vanguard...

If anyone interested what options government is considering - here is a link, all grouped by type. https://www.ssa.gov/oact/solvency/provisions/index.html Interesting read under section Benefits for Family Members :coolsmiley:

It does not have to be based on robot or AI count. It could be as simple as taxing excess of productivity. Today we all can agree that all such increases are coming from technological advances and not from people working better. Feds already measure productivity overall, so one of the simplified...

Looks like no one posted yet, here is a different solution to the SS shortage, lets tax all robots and AIs that are taking over people jobs, trend toward automation and robotization will continue and basic income will be there eventually. Why not start taxing now to get that tax base grow with...

at least we agree on that :coolsmiley:

That is a bold statement :facepalm: We will never claim spousal benefits as both work full time well paid jobs for 20+ years. But I still believe that if each person should get what they earn - women taking care of children should get some credits for those years too. Yes, it is their choice...

That is not that fair for spouses that have been staying home with kids for some years. May be they need to get X years of at least minimum wage added to their records for each kid, to make a field more level in such case. Otherwise that will discourage people to have kids at all which will...

I will play too :) Our fur babies, both are gifts from me to my better half, one is for 50th and one is for 55th birthdays. 100% Maine Coons. Both are picky eaters though, main dry food is the same for both, wet food is different. Older gets for dinner pumpkin pure with some beef or chicken...

He looks like a lot of fun :)

Awesome update!!! Congratulations!

If you are considering to take money out of 401k and pay taxes to put money in Taxable account, I would put all of it in Roth IRA as rollover. You will get the same tax on distribution and same tax free growth, but also for those who inherit your leftovers (if any) is way better to have Roth IRA...

February CPI-U is posted and total change for 5 months is 0.82%. I expect March to come in line with January and February, still stand by my previous prediction of total 6 months inflation to amount to 1.2-1.5% and non-zero fixed rate starting May 1, 2024.

Following up on discussion about negative/zero inflation rate starting in May, we already in the positive territory with January non-seasonally adjusted inflation of +0.54%, and 4 months overall at +0.2%, both are expected and my prediction that total six months inflation component will be close...

Not sure that I understand the above, but table organized as line=year, so May 1 on line for 2023 uses last 3 months from the line above (2022) and first 3 months on the same line (2023). If you you look at 2 instances where May 1 adjustment was negative - you can see that last 3 months from...

For I-bonds used non-seasonally adjusted rate change for consecutive 6 months, for decision about Fed rate used seasonally adjusted value and year over year change. So yes, for next 3 months very likely non-seasonally adjusted CPI-U will have positive change but that is not the value that...