Hi all, checking in with a nearly three-week-old newborn. I can’t wrap my head around how professionals in the US are expected to work and care for a newborn. I’m incredibly fortunate to get 12 weeks of paid parental leave and even that doesn’t feel like enough. I already have so much more compassion and empathy for parents.

Also, we dropped nearly $10K into baby’s 529 already! We’re hoping to fund $25K initially this year and then at least $8K/year. It’s all in Vanguard’s US Index (VSMPX). This should grow to $375K which will give the little one endless opportunities for higher education. (We also plan to use the $10K/year allowed for K-12.)

I'd like to inflate some balloons if they got em, k thanks

He is playing with a couple k bucks, he will be fine. But he will get a dick pic in his bank account when/if he goes a couple of hundred k’s

Lol

Are either of you eligible for a Health Savings Account (HSA)? That's one potential avenue for a tax-advantaged account. (Eligibility is if you have a high-deductible health plan.)

There's a subset of employers (e.g. governments, nonprofits) who are legally allowed to offer both a 401(k) and a 457. If either of you work for one of those, the $20,500 limit for the 457 is legally separate from the $20,500 limit for the 401(k), so one person could put $41,000 into retirement accounts if evenly split between their 401(k) and their 457.

Shut up, k*ke!

You can do that, but it's a few k more expensive every time I've looked

W E E K E N D D O W

I don’t think getting shot at and risking 4 k on a poor move are considered the same risk. JS.

"Where are the Ups?"
- Asked after the biggest green week in 2 years

K.

Use her name and deal with it.

James Bond, secret agent vs shooty Mc sneakyface.

K. Catherine Photography.

Serious clients hire the person, not a cutesy name.

Sauce: working photographer

The company contracts a third party to run their 401(k). That third party charges the company money to manage everything. So the employer has a choice: Pay higher fees for a quality company that will offer low-cost investment options for the employees, or pay lower fees for a shit company that will offer higher-cost investment options for the employees.

Oh now you wanna act like these Latina snobs up in the Bronx. K. I’m a solid 7 gringo all day bro

401k more like 404 not found k

Eat a bag of Dicks !! You didn’t do shit. You could have yoloed $500-K in GME calls on Tuesday at $113 and made some real FLEX money $62MILLION so again go eat a bag of dicks !!!

k

K

No one mentioned all the other possible black swan events out there waiting to f$&k us. Weather, war, viruses, etc.

k

After doing my tax, i have 60 k carry over for my tax lost. Anyone knows what to do with it? I m not gonna do crypto anymore so what are my options? Thank you!

I heard the "k" in monkey pox is silent.

Sure, if K really wants to give it to J, then so be it. Of course I would respect whatever choice he wanted to make. However, there is no reason or indication that he has any desire to give anything to J. He is mostly oblivious to this stuff and gets flustered when people bring up things he doesn't understand.

If there's a strong possibility that J would manipulate him into changing the will that has been in place for years, why wouldn't I try to ensure that doesn't happen?

The money is uncle K’s to do wish as he wishes, until he dies. If he decides to leave it to someone else (even if due to manipulation) it’s his decision. The money isn’t yours until it’s yours.

Unless you are concerned J will convince K to make him his beneficiary and then kill K to get the money sooner, it’s K’s to do with as he desires. Is murder a concern? It just sounds like your concern is truly for yourself and ensuring you get your uncles money.

>K shaped recovery still alive

what does it mean when my portfolio is doing L shape, it's really close to K right

$2,200 is an extremely large amount to pay in rent. I have a 2,800 sq ft home in a nice suburb of a major city and my wife and I pay less than that. I would suggest a roommate and choosing a place that costs less.

Your car payment is also high, I’m guessing you either bought a fancy car (based on insurance cost) or you didn’t put any money down when you bought it.

$1k is a ton of money to spend on food/fun per month.

As others have pointed out miscellaneous is not a category look at what you were actually buying with that $300 per month.

All in all it sounds like 1. You’re living outside your means, and 2. You need a budget, there are many great websites out there that will show you how to create a budget. This would be my first suggestion.

For reference, I used to make less than your salary and at the time I was paying off my student loans, paying rent with a roommate, going out every weekend in a major city, and putting money in my 401(k).

K babi

I've never read a k-10, but I've pet plenty of k9s.

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I’m feeling a bunch of pessimism in the group. You all didn’t live through crypto winter and lose all your money then. It’s no big deal. You all can save a couple k working at wendys then we’ll send it. Gas prices are up. We need electric trucks. Why can’t 12 million users yolo into WKHS. Make the world less dependent on russian oil. Let’s start buying WKHS next Friday after I get my check from Wendys and can load bags.

You’ve touched on all the key tax advantaged accounts except you should check to see if you or your spouse have access to a “mega Backdoor Roth IRA” which is a special provision of a 401k allowing “post-86” after-tax contributions to 401k reaching the total 401k limit (which is even higher than $20,500) and rolling those annually to your Roth IRA. Again, this can only be done through some employers and not everyone has access. My current company allows for it. My last one did not.

You absolutely need to start rolling your IRAs over and get access to your Backdoor Roth IRA headspace.

If you have kids and they start earning any actual income (reported to IRS) you can match their gross earnings (up to $6k/ea) in a custodial Roth or Roth IRA (depending on ages) in their name. You have the kind of spare income where it would be easy for you to max a Roth IRA in kids name when kid is earning side income from ages ~16-24 or whatever and just starting out. That additional ~$50k in after tax retirement savings properly invested can give kids a serious boost on their retirement savings journey and help teach them about the incredible magic of compound interest. And, you could be like me where your plan is to basically tell the kid this kind of gift is your inheritance so don’t touch it and let it go (this is pretty much a lie on my part) and make the gift to Roth IRA contingent on verification that kid is saving X% on their own to their 401k. Eg you’re rewarded with this Roth IRA gift because you’re being responsible and saving money on your own…not spending every dime you make.

This is the investment order I go by:

https://forum.mrmoneymustache.com/investor-alley/investment-order/msg1333153/#msg1333153

Here’s a more detailed breakdown of the Mega Backdoor Roth:

https://www.bogleheads.org/wiki/After-tax_401(k)

You’re stashing away the kind of serious money and percentages where the next thing you need to know is the nitty gritty math details behind SWRs. There’s an incredible ~50 part series with a TON of details behind the math and risk analysis on SWRs over at this link:

https://earlyretirementnow.com/safe-withdrawal-rate-series/?amp

To start, sometimes you can’t explain things in the market. It does what it does.

However, one of your points are wrong. Macys beat earnings and raised guidance.

https://www.cnbc.com/amp/2022/05/26/macys-m-reports-q1-2022-earnings-beat-raises-forecast.html

Also RL has surged since earnings. If you bought the stock at market open, 89.79, you’d be up almost 10% at this point.

Walmart and Target got crushed because of raising costs and over inventories. What we are seeing is another K shaped recovery but from inflation.

Basically lower class is being crushed while upper class is doing fine. Williams Sonoma is another high end retailer that crushed earnings and raised guidance.

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W-E-A-K.

Me: $130k CRM puts (3 accounts combined)

If I make another 30 k next week I’m donating 3 k to pets in Ukraine https://imgur.com/a/aMQZcdo Position https://imgur.com/a/hjQUTcm

What are the chances Facebook puts out an 8-k saying that they will cancel those by backs to reinvest in their company?,

If I make another 30 k next week I vow to donate 3 k to pets in Ukraine . Ban bet that

Corporate profits are skyrocketing. Once more earnings keep rolling in like that, the irrational exuberance will set back in.

K shaped recovery still alive

Made 31 k since being downvoted to shit by bears last week for optimism.. No options

You’re not a grown man, this is evidence of immaturity. You should spend your 2 k on therapy.

If you are set on not keeping the money in 401(k) (you should, though), you can adjust your future contributions so that they come out to what you were aiming for in the first place.

>coworker who didn't want to even put the minimum into his 401(k) to get the company match.

This is definitely shocking to me that people don't get the match.

And here I am lamenting that the retirement plan options at new job suck compared to current job. (But the large increase in salary makes up for it.) It occurred to me that most employees probably don't pay as much attention to awesome retirement plans as I do.

> Base sapphire is a real card, they do not advertise it because the only way to get it is downgrade one of the Sapphires with an annual fee

oh, k. I think this is where I got confused. I will call them and def do this. Why pay the $95 if it's not helping me anymore. I can also transfer all of my points from all of my chase freedom and sapphire points to my wife's new CSR. This way, I can even get bigger value for those points.

> but that isn't maximizing value.

Yea, I agree. I don't want to JUST get the intro offer but utilize all of its yearly benefits as much as possible.

> So first year it's slightly more for CSR based on upfront benefit, but that doesn't include the fact that CSR has much higher rewards rates than CSP.

Very good point on your calculation. I will create a matrix for all of these high-priced cards and figure out what is the actual value gain I come up with.

> It adds up. So maximum value would be your wife getting the CSR and you downgrading the CSP after you get the CFU, then in a couple of months, she gets a CFU and a couple of months after that a CFF.

I will try to do this as a long-term plan for sure.

For a short-term plan, within the next few days. Where I have to apply for 2 to 3 different cards between my wife and me. I am leaning towards, a downgrade of CSP for me. CSR for her, and then AMX platinum for me, and possibly chase IHG for her or me.

The above plan will allow me to fulfill the 4k-5k intro offer for each card and also mix and match between multiple types of other yearly offers they provide.

/u/kawhi_2020 I truly want to thank you for helping me through this.

K

Keep in mind that 401(k) and 403(b) share the same contribution limits.

There are two limits

1. Employee deferrals this is the $20,500 number most people are aware off. This is per person.

2. Overall employer limit is $58,000 this is per employer and includes both your contributions, any matches, profit sharing, and "mega backdoor roth".

So depending on company matches and which one is better and if you have already contributed enough to get the max match from current employer your husband may wish to stop contributing to the 403(b) to "leave room" for contributing to the 401(k) to get company match there.

Thats why k didn't check the stock for a week, I just didn't want to look at the loss

I don’t think it’s gonna drill :/ I lost 6 K

My dealer advised me to keep it. They said if it reaches 200k it will make it to 300k. I was planning to keep it to 240 k because every 60k it needs a ton of maintenance work, more than the car is worth.

If you are not contributing the maximum (20,500) to your current 401(k) yet, you should do so by "effectively transferring" your taxable savings into the 401k for the next several years to make up the gap.

You of course can't actually transfer the money directly - but you can increase your paycheck contributions up to the max and then use the taxable account money to make up the paycheck shortfall. The net result is a transfer.. you get a big tax deduction and you really shore up your retirement situation.

wrt smaller accounts - sell them now, claim the tax loss, and buy something better.

Why are 401(k) contributions being dictated on this manner? Isn’t there a record keeper to do this? This seems incredibly outdated and the issue your having is the very reason it is generally outsourced. Regardless, if you have true ups, I’d just leave it as is and reduce ongoing. If you don’t have true ups, and you will hit IRS sooner because of their error, I would have them reverse it.

K np

i'm 17% down on my overall portfolio. but I've been trading a bit the past few weeks and made a couple k doing so.

here's a decent example https://vm.tiktok.com/ZMLo8cCFu/?k=1

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> you need to save for a house and invest in your 401(K) and pay down debt (if applicable) all at the same time.

This is spot on. On paper it seems nice to do each step at a time like, graduate, rent a place, pay off student loans, max out retirement, save up cash for cars and a house dp, then start investing in the market, etc. But in reality I think that’s putting off home ownership too long. I bought a house right out of college and was later able to flip that and get a better house way sooner than if I had rented. Even though I wasn’t able to “max out” my retirement it raised my standard of living now and allowed me to start a family, and still sets me up to flip the second house at a profit into a nice retirement situation later. A mix of cash, retirement, investment, and real estate is the way to go.

You may as well use an active fund if you’re just gonna pick and choose stocks.

ESG will cost investors in the long run whether that’s by lower returns or higher investment fees.

https://www.marketwatch.com/amp/story/the-sec-has-taken-the-first-step-toward-undermining-401-k-plan-fiduciaries-11652836225

Let me be the outlier by saying, don’t sell all your stocks. There are few factors like Credit card utilization ratio that’s very important. Let’s say you owe 1700. Combine all your credit limits and see how much you are using. Let’s say 50%. And let’s say to bring it down to 10%, you need to pay off 800$. Then sell just enough to be at 10%. Then stop using your credit card for the next 3 months. Spend only on Debit while you inch away at your debt till you hit 3%. Also unlike others I would tell you to stay on Robinhood. You are young enough to have that risk tolerance. Mutual funds are fine, but I would invest in it once you have a steady job and not an internship where depending on your employer you can invest in index funds through 401(k).Most often than not, employers match your contributions to a certain percentage. I would suggest stay active in investing and learn as you go. The goal obviously is to be debt free, but, investing in stocks early is a great way to get ahead of the curve. Have fun but responsibly, don’t stress.

K

I live in FL (I do IT work though, thank God,), and I see these people literally TRUDGE into the Circle K every morning. They don't seem very happy, considering that they work at "The Happiest Place on Earth".

I did build a bond tent in my 401(k) account about a year ago because I came within two years of my fire number. The bond funds, mostly PTTRX, are not great.

K retard. I got dumber from reading your arguments. Continue to look backwards.

if kim k likes beyuond meat than i like beyond meat

Could be, if I funnel all extra income into 401(k) and pay minimum for cc debt.

OP can rollover the 401(k) and still take out a loan from current plan.

Always has been At least since Greenspan It’s an asset and wealth driven economy which is becoming more and more k-shaped. If you managed to get on the asset or housing ladder, your wealth just keeps going up convex to inflation and you’re able to add and compound. If you didn’t, then it’s a downhill slope for a working class poor who rents and has to commute to work.

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Who the fu*k, cut this retards hair? Stevie wonder? Lol.. looks like he got drunk, turned off the lights,and began clipping.. lol.. this dude can kiss my as$..

We’re Korean American so we’re familiar (although the kalbi trays at the K grocery are also super expensive now). It was a special occasion so we wanted to go out and didn’t expect the sticker shock.

But it was kind of you for looking out, thanks!

It's probably a delta of 25 K € between what I'd make at my current job vs what I'd make at an engineering entry position

K but the sheer amount of people that use only fans, webcam sites, Instagram kinda makes that a moot point. Also with covid and social distancing it was inevitable that they would die down.

A few things:

My Roth 401(k) uses Blackrock LifePath funds for TDFs. We’re able to click through to see allocations within them, which allowed me to find one with a bond allocation that fit my goals. As of this moment, the 2040 target fund is 80% equities, 17% fixed income, 2% cash, 1% other. For reference, the 2050 target fund is currently 97.4% equities, with the other 2.6% between bonds and cash. Drawdowns YTD are 12.82% (2040) and 13.97% (2050). The glide path toward 40e/60b places them around 50/50 by 4 years ahead of the target date. They’re already about 70/30 around 10 years ahead of the target date. For perspective, the 2050 fund will be around 70/30 by the year 2040.

With the above taken into consideration, I haven’t experienced the sense of needing a store of profits that you describe. Instead, I planned for personal tolerance and set my Roth IRA up as 60% VOO, 40% SSO. Simply put, I see a lot of posts here with people trying to problem solve for perfect hedges in a 3x strategy, and I’m left feeling good with 1.4x without a hedge.

Alright … let me spell it out for you. B-e-a-r-s p-u-t-s f-k-!

In a free market economy, 2/3 of the population wouldn't be able to afford k-12 education, police protection, fire fighter protection, and garbage collection.

What do you think the economy would look like if 2/3 of the population dropped out of kindergarten, fires in 2/3 of the city were just ignored, and garbage was just thrown onto the streets?

Welfare definitely helps the economy to an extent.

Ah yes the ape who sees a joke and takes it up the ass. Learn to see others opinions and jokes, it's not a di*k, don't take it so hard. 👏🤣

I call TSLA everytime, check k the comments, $660 tomorrow, you're welcome

K.

Ultimately it is going to come down to marketing and getting noticed. Could OP have gotten noticed?

I need a nice intermediate level YouTube channel. I’m above the into level dumbed down “what is an option?” videos but then they seem to jump right from Pre-K level to Junior year of college level.

It would be more effective to roll the 401(k) over, then take a loan from your 401(k). That way you can stay on track for retirement, and maintain the tax advantage.

If you cash it out, you’ll receive an early withdrawal penalty and it will be income for the year.

Guess I misinterpreted OP.

I read this as a 401(k) loan since OP is gainfully employed again.

OP, please roll over the 401(k) to the new employer, and then apply for a loan. That will avoid a lot of the fees that other posters are pointing out.

I’d look at all options, and realistically budget to see how quickly you can pay this debt off.

Is it costing you interest? If so how much? Let’s try to minimize this based on your timing.

Will it be 1-2 years easily? If so, consider a balance transfer on a new cc with an introductory 0% apr.

Will it be 2-5 years? Let’s look at personal loan options, sometimes local credit unions have good deals on these around 8% apr.

5 years +, and not currently able to qualify for a loan/cc. Maybe borrow from 401(k), but pay it aggressively and never drop below what your employer matches. People are hesitant to recommend that because seeing this as an option and tapping it continuously will result in poor lifestyle choices that can handicap your retirement.

Looking at things objectively… if the “potential” ROI is 12% in your retirement account, I see no reason to avoid borrowing from it to pay off higher interest debt. I’m open to constructive disagreement with something objective to back it.

>With the market the way it is would I be better off investing less into my 401k and saving for a house more?

No. Ask the question another way - if markets were really expensive, would you want to be buying then?

Really, min-maxing doesn't work well for personal finance - you need to save for a house and invest in your 401(K) and pay down debt (if applicable) all at the same time.

K

Why are you here? Sounds like you should roll.tha fu%k out op.

This is how I lost 2.5 k and almost wiped my fun account out.

I’m in same boat, I used to sell far ITM puts for the premium but when the stock dips I tied up too much margin. I’ve instead switched to selling OTM puts weekly for 3-5 k premium. At the same time I just sold 1000 CCs because I know the stock always “corrects” on the way up

We would rally hard. Until we realized [email protected] was next in line

Thanks, also food for thought is some people want to drive their taxes down as far as possible and aren’t as fee conscious. Fees do matter but I got to put 50k in my solo k last year between each portion and I couldn’t do that in a SEP

K

k

I move the Roth dollars out of our 401(k) about every other month into a Roth IRA (better investment options).

Im no expert on the questions you ask, you may want to ask a financial advisor.

I think your numbers do not conflict with what the article was saying. They were driving home the point that more of the TDFs have been keeping a higher ratio of stocks.

>In 2021, Vanguard gave retirees in its 401(k) target-date funds the option to stick with a 50% stock allocation throughout retirement, rather than taper gradually to 30%, provided their employer chooses to offer the feature.

Glad to hear yours isn't down too much! My personal one is down about 15% since the beginning of the year, which is tracking pretty closely to the S&P.

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Detailed breakdown via WolframAlpha.

OP comes out about $5000 ahead in Chicago. But for that amount of money, there are many other things to consider, starting with benefits (e.g. 401(k) match) and moving onto climate, social, and other preferences/considerations.

Every person needs to know how to K-turn and back up using a mirror.

The issue is 401(k)s are designed to keep schleps’ money on the US market to fund major corporations. Most 401(k)s don’t have a commodity investment option which is the only thing going up in the near future. Change jobs, get a higher pay, and roll it into a traditional IRA to give yourself more options

AHWHY WONT MY BAN BET WORK

>From my reading my understanding is that most 401k plans allow post-tax, which is why mega backdoor conversions are able to happen.

No, after-tax 401k plans are actually fairly uncommon. Much less common than Roth 401ks, honestly.

>Not every employer provides an after-tax 401(k) contribution option, so check to see if it's something you have access to. According to the Vanguard report, in 2020, 19% of Vanguard 401(k) plans had an after-tax contribution option.

https://www.nerdwallet.com/article/investing/after-tax-401k-contributions

do t f k w th m , B o

Colleague informed me today he’s not only still getting cash offers on his home (has been about a year of that) but he’s also getting letters from his dealership tryna buy his used cars for 50% sticker in cash + additional few K of credit if he buys a car from them

Source WSJ

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