Time to bump up that 401k

[IVE GOTTA PACKAGE 4U]

Does our 401k offer ETFs? I only buy individual stocks.

Through the self manage account they do
But their fees are a little bit expensive so I buy them through my Roth IRA

 

[Jkloc420]

Through the self manage account they do
But their fees are a little bit expensive so I buy them through my Roth IRA

I'm being fisted

 

[Up In Smoke]

Through the self manage account they do
But their fees are a little bit expensive so I buy them through my Roth IRA

I closed my company 401k about 10 years ago, opted to take advantage of the company match through our small business. Contribution and match were $58k in 2021 and I believe $61k this year.

 

[IVE GOTTA PACKAGE 4U]

I closed my company 401k about 10 years ago, opted to take advantage of the company match through our small business. Contribution and match were $58k in 2021 and I believe $61k this year.

Nice

 

[olroadbeech]

401s are ok, it's mutual funds that are the scam. Being required to buy a bunch of companies that have no fundamental quality, but the funds add them anyway.

I still contribute 1500 a month to vanguard Index funds . DCA...extremely low expenses.
Only individual stocks we own are Blue Chips that have high yielding divvies...

 

[IVE GOTTA PACKAGE 4U]

I still contribute 1500 a month to vanguard Index funds . DCA...extremely low expenses.
Only individual stocks we own are Blue Chips that have high yielding divvies...

Outside of your ira?

 

[Gabba]

can't. already maxed

 

[IVE GOTTA PACKAGE 4U]

can't. already maxed

I bonds!

 

[Up In Smoke]

I bonds!

Always a solid low risk position. We found a number of private equity LLCs in our area that have solid returns (4-6%) with very little risk. Depending how you set it up (C corp/ S corp, LLC ect) they can have enormous tax benefits. We maintain a home office, multiple vehicles, recreation vehicles and vacation property as part of our business/advertising expense.

 

[IVE GOTTA PACKAGE 4U]

Always a solid low risk position. We found a number of private equity LLCs in our area that have solid returns (4-6%) with very little risk. Depending how you set it up (C corp/ S corp, LLC ect) they can have enormous tax benefits. We maintain a home office, multiple vehicles, recreation vehicles and vacation property as part of our business/advertising expense.

I hope it all works out for you my friend that's more than I want to do

 

[Up In Smoke]

I hope it all works out for you my friend that's more than I want to do

I am fortunate to have married a very bright lady.

 

[IVE GOTTA PACKAGE 4U]

I am fortunate to have married a very bright lady.

Sucks for her

 

[Analbumcover]

I don't plan on doing much with my 401k since I plan on working until I drop dead on route to spite management. That extra paperwork and hassle of having to call the ambulance and find some 22.45676834576228543 driver to finish my route.

 

[IVE GOTTA PACKAGE 4U]

I don't plan on doing much with my 401k since I plan on working until I drop dead on route to spite management. That extra paperwork and hassle of having to call the ambulance and find some 22.45676834576228543 driver to finish my route.

It does add up over time

 

[Up In Smoke]

Sucks for her

She definitely married down, though her dad was my biggest fan and supporter.

 

[BrownStains]

I do contribute some to 401k but I’ll probably be retired from ups before I can collect.

 

[IVE GOTTA PACKAGE 4U]

I do contribute some to 401k but I’ll probably be retired from ups before I can collect.

Why not?

 

[ManInBrown]

Nice
Any in the ROTH?

Unfortunately only a few thousand. I started off in Roth years ago and switched to traditional a month or two later. Cant start over. Need to keep piling in traditional. The whole point of a 401k is the bulk of your retirement funds build up in the last few years. I don’t have enough time left to start over. Can we convert and just pay the taxes? Is that allowed with our plan? Never thought of that.

 

[IVE GOTTA PACKAGE 4U]

Unfortunately only few thousand. I started off in Roth years ago and switched to traditional a month or two later. Cant start over. Need to keep piling in traditional. The whole point of a 401k is the bulk of your retirement funds build up in the last few years. I don’t have enough time left to start over.

Well you can still start in Roth IRA.

 

[olroadbeech]

Unfortunately only a few thousand. I started off in Roth years ago and switched to traditional a month or two later. Cant start over. Need to keep piling in traditional. The whole point of a 401k is the bulk of your retirement funds build up in the last few years. I don’t have enough time left to start over.

Been retired 7 years and still havent touched 401. It's grown nicely in that time.
Not going to until required at age 72.