/biz/ - Business & Finance

And yeah, yeah, backdoors count.

Seriously none of you whippersnappers are saving for retirement?

im snortin g cocaine while the family starts to arrive en masse downstairs

>>16712193
I unironically am, and I'm 20 years old. This thread is so funny because I didn't see it coming.

>>16712193
$6k good boy points going into VIGAX tommorow.

I make too much money to make Roth IRA contributions. I have a solo 401k which I put 56k in last year and plan to put 57k in this year since the cap was raised. Will probably have it maxed around April.

>>16712193
is this dude going to live forever or what?

>>16712691
based software engineer

>>16712583
Yes, but are you going to do that *after* you make your 2020 IRA contribution?

>>16712605
Good work, sonny. It's never too early to be setting money aside for the long term. What are you planning on buying?

>>16712623
A bit risky for my blood, but as long as the expense ratio is low, good work!

>>16712691
Oh my friend, let me introduce you to this glorious loophole: https://www.bogleheads.org/wiki/Backdoor_Roth

>>16712714
He will live on forever in our hearts, paying dividends of joy for decades to come.

>>16712691

Backdoor roth bro

>>16712193
Based boglehead. I'm putting most of it in VTSAX and keeping some in money market

>>16712714
>>16712725
>Died: 16 January 2019
anons, I can't believe it's been a year since this nigga died

>>16712193
Nah probably not. I usually do it around April.

>>16712787
>money market
Gross dude... that’s going to underperform. That better be your bear fund to deploy in case of dips.

>>16712810
Kek, it's for pullback from the gains the last couple months. Who knows how long they'll keep the shitshow going

>>16712864
Pullback, dip, whatever you want to call it.

Tech won’t carry the market too much further, it’s time for healthcare to outperform and energy to marketpreform.

You have until 4/15

>>16712725
I'm going pretty heavy into SPY and QQQ. There are some other stocks I'm interested in, but I'd prefer a bit better of a deal. Hopefully there will be a small pullback in early January, and I can have my portfolio laid out before the end of January.

>>16712886
Don't wait to save for retirement, anon. And heaven forbid if you're talking about only now hitting your 2019 contribution cap.

>>16712901
MRK and QYLD are personal favorites of mine.

NRZ just caught an upgrade today but it’s a little riskier high yielder.

>>16712912
Second best time to start investing is always now

>>16712193

Boglehead checking in and ready to contribute tomorrow.

VTSAX or VFIAX?

>>16712193
25 and don't have one started yet

>>16712193
No. I'm saving for a downpayment for a permanent residence. More than half of my paycheck goes to an index fund building up my down payment.

>>16713159

Either one would be fine if you wanted a diversified index fund of US domestic equities. My pref is total market, but go with what you feel most comfortable with.

you are going to index your funds, right anon?

35 and I only have 80k in mine how fucked am i?

>>16712193
No, my income is too high so I have to use a backdoor.

>>16713362

You're in way better shape than many. That's actually 100k+ more than most people have.

>>16713255
It sounds like you're trying to do it soon, but if you have a roth ira for over five years you can withdraw part of the earnings for a home

>>16713461
How the hell do I have 100k more? Wtf are ppl doing?

International index fund or US fund, bros? I've done mainly US 'til now, but US market might be overpriced at the moment.
>>16713550
Oh, I somehow missed this in all my days of research (I focused only on seeing how I could use 401k). Thanks!
Apparently, I can rollover 401k into an IRA to avoid the 10% penalty. Sneaky.

>>16713604

Some are also in debt... or worse.

>>16713604

www.globalrichlist.com/wealth

Try entering 80k into it. :)

>>16712691
That's great, I'm glad God blesses some people with well-paying jobs

>>16713825
careful anon, 401k has some pretty good legal protections, more so than IRAs