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Re: Investing for Retirement
Posted: April 5 21, 2:38 pm
by GeddyWrox
Popeye_Card wrote: ↑April 5 21, 1:37 pm
Interesting Atlantic article on index funds.
https://www.theatlantic.com/ideas/archi ... my/618497/
This is somewhat frightening:
Indexing has also gone small, very small. Although many financial institutions offer index funds to their clients, the Big Three control 80 or 90 percent of the market. The Harvard Law professor John Coates has argued that in the near future, just 12 management professionals—meaning a dozen people, not a dozen management committees or firms, mind you—will likely have “practical power over the majority of U.S. public companies.”
I'm afraid my brain function is too puny to truly fathom the weight of this fact. But my gut is screaming yikes.
Re: Investing for Retirement
Posted: September 22 21, 9:51 am
by BottenFieldofDreams
Here are three industries/cultural developments I'm starting to invest in a little and trying to learn about:
Legalized sports gambling
Podcasting (this could just end up being carried by Google or Amazon.)
Aging boomers
Any thoughts here? Tools for info?
Re: Investing for Retirement
Posted: October 21 21, 8:36 pm
by GeddyWrox
Ok, this might be a crazy thought. But hear me out.
We own our home outright. I'm 46 and won't retire for at least 15 years. Our house might be worth about $250,000. Haven't had it appraised. So I'm thinking about taking out a loan of around 100K and putting it straight into a 401K. The home loan rates are so low (like, what... 3%?) and my other retirement accounts do around 10% avg rate of return. It seems like this would almost be a no brainer. I must be thinking about it wrong. What's the catch? Why would I not want to do this?
Re: Investing for Retirement
Posted: October 21 21, 8:40 pm
by IMADreamer
GeddyWrox wrote: ↑October 21 21, 8:36 pm
Ok, this might be a crazy thought. But hear me out.
We own our home outright. I'm 46 and won't retire for at least 15 years. Our house might be worth about $250,000. Haven't had it appraised. So I'm thinking about taking out a loan of around 100K and putting it straight into a 401K. The home loan rates are so low (like, what... 3%?) and my other retirement accounts do around 10% avg rate of return. It seems like this would almost be a no brainer. I must be thinking about it wrong. What's the catch? Why would I not want to do this?
The catch is, if the markets quit returning that 10 percent or start losing. We are living in boom times from a market/financial sector stand point. It may not last forever. It may too though. It's a risk with a pretty big payout, but it's a risk none the less. Also keep in mind tax implications if this investment will be in a taxable account. This could cut into any returns pretty seriously.
Re: Investing for Retirement
Posted: October 22 21, 2:45 pm
by GeddyWrox
Re: Investing for Retirement
Posted: November 4 21, 12:03 pm
by Michael
Welp my company announced something today that will likely make my job obsolete in 2-5 years. I've been preparing for this. Careers in tech don't age like fine wine. I'll be okay. Thanks bogleheads!
Re: Investing for Retirement
Posted: January 3 22, 10:03 am
by Michael
Hey everyone! As an FYI - the 401k contribution limits increased for 2022:'
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $20,500. Limits on contributions to traditional and Roth IRAs remains unchanged at $6,000.
https://www.irs.gov/newsroom/irs-announ ... s-for-2022
That's an extra 1k per year. It's something you may want to keep in mind when adjusting your 401k % withdrawals for 2022.
Also, there was a push to end
backdoor roth conversions in 2021, but it is still available for a max of 6k.
Re: Investing for Retirement
Posted: June 1 22, 2:52 pm
by Popeye_Card
Make inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
Re: Investing for Retirement
Posted: June 2 22, 9:09 am
by vinsanity
Wuuuuuuut that's insane. Are people that down on the US economy?
Re: Investing for Retirement
Posted: June 2 22, 9:14 am
by Leroy
That is something I had no idea about.