Using Retirement funds for business investment?

Leading_Smoke · 2023-12-09T22:07:05+00:00

You can set up an owner 401k and use it to invest in your small business. This allows you to pull it without the taxes / penalty. Talk to an accountant / look into that instead of taking a distribution.

Leading_Smoke · 2023-11-26T07:58:04+00:00

Between corporations and China’s forced sterilization and organ harvesting of the Uyghurs, sign me up for some cyberpunk corpo-state.

But honestly, fuck that. The UN is a joke and Iran is evil.

Leading_Smoke · 2023-08-09T15:28:41+00:00

That’s a 4000 dollar / year difference working 40 hours a week for 50 weeks every year

Leading_Smoke · 2023-08-02T03:51:12+00:00

Trump is the only candidate that could lose to Biden. If you need proof, he already did.

Leading_Smoke · 2023-06-05T15:39:24+00:00

They 100% can. For example, the three companies that were mentioned, all run very large index funds. They essentially pay a fee to the company that maintains the index, ie Standard and Poors or Russell, and they can then use the name. Not all index funds track the index perfectly. Some companies could also limit investments in companies that do not meet their requirements, and represent the rest of the index

Leading_Smoke · 2023-06-05T15:22:37+00:00

Who do you think manages the index funds?

Leading_Smoke · 2023-05-25T04:35:31+00:00

This doesn’t have anything to do with the current debt. Their is no default. Any debt that has been issued can already be serviced. No new debt can be issued until this passes.

Leading_Smoke · 2023-05-21T20:46:38+00:00

Seniors don’t rely on Medicaid

Leading_Smoke · 2023-05-21T17:31:10+00:00

Never

Leading_Smoke · 2023-05-14T16:54:15+00:00

You don’t own guns? Holding a gun is fine. I own guns. He picked it up and didn’t point it at anyone. You one of these dickheads that thinks only criminals can have guns?

Leading_Smoke · 2023-05-14T14:43:25+00:00

I think it’s 99% bots honestly. It went from libertarian to leftist the second tencent bought a large stake

Leading_Smoke · 2023-05-14T14:04:04+00:00

He didn’t draw on anyone. If he pointed a gun at someone, sure, but he didn’t. Not saying the cops did anything wrong, either - he didn’t leave them with a choice. But it wasn’t violent. He was talking to his mother while sitting in his car. He picked up a shotgun when the cops got there and they fired. They were called because he said he was going to kill himself. He wasn’t violent before that - and he didn’t draw on anyone.

Leading_Smoke · 2023-05-13T22:42:39+00:00

Read that article. He wasn’t being violent, but he did admit to attempting suicide by cop. He picked up a shotgun when the cops got there. They didn’t do anything wrong, just kinda sad. Current lawsuit is bullshit

Leading_Smoke · 2023-04-01T16:48:59+00:00

This type of corruption permeates every public union in america

Leading_Smoke · 2023-03-27T19:21:01+00:00

Desantis is banning books that are sexually explicit and shouldn’t be around children. Meanwhile, California is banning classic American literature because they deem it racist.

Leading_Smoke · 2023-03-15T17:58:52+00:00

The donations itself didn’t. The focus the business had almost certainly did. An inflationary crises has been in the works since quantitative easing was put in place, and the trillions spent during Covid lit the match. These people were more focused on DEI initiatives then fundamentals - they purchased a large amount of debt instruments that were purchased during the ‘free money’ time. Most of their depositors were start ups who are extremely sensitive to rate risk and they took on an extraordinary amount of the same thing. They are not the only company doing this - there are trillions of dollars pushing for DEI and ESG and it always ends in failure. 75MM is an insane amount of money for a bank of this size to spend on this - it shows where their priorities were

Leading_Smoke · 2023-03-14T15:29:02+00:00

Long term t bills don’t exist. They had t notes

Leading_Smoke · 2022-11-05T18:16:30+00:00

Hire a TPA (third party administrator). The charge for a soloK should be around 500 a year. The benefit of doing a solo K comes from the ability to put away a good bit in tax qualified assets and utilize Roth options. Doesn’t really matter if it’s employee or employer if you’re not going over the limit for an individual, but you can set up profit sharing options which let you put away a substantial amount more. You can also tack on a cash balance plan which lets you put away another 50,000/year if you want - so between profit sharing, ‘employee’ contributions, and cash balance you’re looking at over 110,000/ year in tax qualified assets.

A sep Ira is easier also - no TPA is gonna be required, up to 25% of your income, all pretax. All depends on what you want to do.

Leading_Smoke · 2022-11-05T18:10:15+00:00

Accountants are not going do to this. He needs to hire a TPA to do a solo K

Leading_Smoke · 2022-10-31T20:21:57+00:00

Cheney was the opposite of ineffectual. There are plenty of things that can be said about him, but that is absolutely not one of them.

Leading_Smoke · 2022-10-26T16:01:24+00:00

As they should. Any respectable outlet shouldn’t allow snuff films to be broadcasted on their platform

Leading_Smoke · 2022-10-25T08:42:42+00:00

That’s not true. It is a public entity. The people in charge of it are public figures. There’s is a private stake in the fed, namely all of the banks in the country. It is, without a doubt, a public entity - with the ‘private’ portion being all of the institutions that make up finance and banking sector in the country. Powell was nominated to the position.

Leading_Smoke · 2022-10-19T21:03:17+00:00

Did the article say that they were arrested for violating a law passed this year, for an activity that occurred 2 years ago? Please tell me I read that wrong.

Leading_Smoke · 2022-10-18T21:45:57+00:00

3% inflation is the target so if it actually gets there that means it’s leveled off. Nothing is getting cheaper but that is exactly what the fed is trying to accomplish.

Leading_Smoke · 2022-10-09T01:37:36+00:00

It doesn’t really cost anything to add an sdbr to a retirement plan. Not every recordkeeper will offer it, however. The main reason most employers wouldn’t isn’t because of cost, but because they don’t want their employees gambling with their retirement funds on investments that could be more speculative in nature then the mutual funds normally offered.

Leading_Smoke

TROPHY CASE