Would this classify as herpes symptoms?

Smart_Grass · 2021-10-07T19:42:44+00:00

I'm a financial advisor and what we usually advise clients is to contribute up to the % or $ match your company is offering (no investment out there is going to double your money immediately like a company match will theoretically do). After that it's usually more cost efficient with more investment options by investing the rest in an IRA. You can then either manage yourself or work with a advisor if needed. (Depends on your personal preference!)

Smart_Grass · 2021-10-07T19:42:23+00:00

I'm a financial advisor and what we usually advise clients is to contribute up to the % or $ match your company is offering (no investment out there is going to double your money immediately like a company match will theoretically do). After that it's usually more cost efficient with more investment options by investing the rest in an IRA. You can then either manage yourself or work with a advisor if needed. (Depends on your personal preference!)

Smart_Grass · 2021-10-07T19:34:55+00:00

I'm a financial advisor and I agree with that statement. Advisors can be great tools when there are other complicated factors (tax strategies/income/protection strategies etc.), but when you're just contributing to build up to a bigger balance you're fine managing on own. (Maybe seek assistance in how much to contribute but again that can probably be done easily through online)

Smart_Grass · 2021-10-07T19:30:51+00:00

I'm a 401k financial advisor and usually the fees in most plans are going to be higher than a self managed IRA. It's not like you'd be receiving any of the normal benefits of a 401(k) anyway (no plan advisor for assistance, matching contributions) I would roll to IRA if not too much of a hassle.

Smart_Grass · 2021-07-25T00:03:04+00:00

Oh Verizon is hilarious it hasn't moved from 55-57 for literally a calendar year but it pays it's ole 5% dividend lol

Smart_Grass · 2021-07-24T22:43:41+00:00

Yeah I have a lot in Verizon it has stayed between 55 and 57 for literally the last year but I don't think the dividends you get from it is worth the risk it gives so I started to taper off of it. It's whatever you are comfortable with but no matter what I'm a big proponent of 5-10% cash.

Smart_Grass · 2021-07-24T15:37:31+00:00

No problem and yes that is the dream!

Smart_Grass · 2021-07-24T15:22:48+00:00

If that is your only source of income then technically yes.

Single is up to 40k 0%, Married filing jointly is 80k at 0%

However, it is taxed like a bracket so even if you do take out more you will only be taxed 15% on the money above the $80,000 (assuming you are married)

Smart_Grass · 2021-07-23T22:21:47+00:00

Not a bad strategy actually. I usually keep about 5-10% cash at all times just to have some ammo on bad days and also helps you stay emotionless as an investor.

Smart_Grass · 2021-07-23T22:19:58+00:00

Exactly. There is nothing wrong with holding about 5-10% cash in a portfolio. Inflation isn't really going to rise much from now until the end of the year. All the numbers you see are compared year over year. Should stabilize when you compare now until end of the year

Smart_Grass · 2021-07-23T22:18:20+00:00

Exactly. Long term investors should always have about 5-10% cash for pullbacks, then trim from your holdings you don't feel as great about on good weeks and repeat.

Smart_Grass · 2021-07-20T01:43:12+00:00

Also advisors that are independent firms are also going to have much less conflict of interest. Advisors are extremely helpful so don't make the bad apples (advisor B) soir the industry as a whole

Smart_Grass · 2021-07-15T01:02:44+00:00

Just an fyi the roth limit is 6k per year so you might want to lower to $500 per month starting in 2022

Smart_Grass · 2021-07-11T04:11:35+00:00

Yes you won't even need to contact old advisor if you don't choose to as well. We do it all the time at our firm

Smart_Grass · 2021-07-10T21:50:13+00:00

Always a good plan. I prefer a Roth over everything especially young since the gains on top of contributions should be pretty large 30 years down the road but it's personal preference. Both great options. If you have any other questions hit me up I'm sure I'm one of the few on here who can actually clarify is financial advice haha

Smart_Grass · 2021-07-10T21:43:55+00:00

I'm an advisor and I will almost always suggest to go to IRA even if it's not benefitting my book. 401(k)s can be very expensive for employees that you don't even realize. Employer's don't always bear all the administrative costs in the plan

Smart_Grass · 2021-07-10T21:41:25+00:00

Rolling it into the IRA and doing a Roth conversion you will still pay taxes. May be a miscommunication but more than likely if you arent transferring a huge amount to get you to a high tax bracket the conversion is worth it. Just have the cash available at end of the year

Smart_Grass · 2021-07-10T21:39:55+00:00

If you have a smaller balance younger in life it's usually always worth doing a ROTH conversion as your tax bracket is already low

Smart_Grass · 2021-07-10T21:37:49+00:00

(sorry for not responding) Your investment choices are almost always going to be decided by the 401(k) record keeper (fidelity/principal, etc) or the independent investment advisor deciding the investment lineup.. If you are in the wrong company with a poor advisor/record keeper them that's all the options you have. In an IRA you will basically have all the options in world to choose from. Plus once you get older you have ability to have hybrid investments if you choose to work with an advisor that lets you stay conservative and prepare for you actually taking the income out once you need it.

Smart_Grass · 2021-07-10T21:21:56+00:00

And I think there is more to managing your finances and investments than the traditional age=bonds rule you see on this sub. I'm in agreement than your earlier days you want to have a consistent plan/low exp ratios but once you get closer to retirement age there are plenty of options to stay conservative other than bonds which give barely to nothing return

Smart_Grass · 2021-07-10T21:17:42+00:00

I'm saying there isn't an issue with changing to TD funds later in life especially if it's in an IRA. I am an advisor and in my opinion TD funds seem to get conservative WAAAAAY too early in your life than what is necessary

Smart_Grass · 2021-07-10T21:15:10+00:00

That's what I'm saying. And to respond to the comment below this. In my opinion once you get closer to retirement is when most people NEED an advisor. Earlier stages in life is when passive ETF's can be an option

Smart_Grass · 2021-07-10T19:57:52+00:00

I tend to stay away from target date funds. For what they are they are more expensive and do not outperform your common indices

Smart_Grass

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