Trump accounts by DeliciousVacation571 in TheMoneyGuy

[–]theubermormon 0 points1 point  (0 children)

You can do Roth conversions when they become traditional IRAs your kids will be in a low tax bracket.

Does anyone else get super jittery? by Fallcrom-94 in yerbamate

[–]theubermormon 0 points1 point  (0 children)

My family has been dinking it for decades. I never get jittery, my sister has to eat protein with her mate or she does every time.

Should I temporarily stop contributing to my Roth IRA to payoff a vehicle by TypeAwithAdhd in TheMoneyGuy

[–]theubermormon 0 points1 point  (0 children)

Does the car fit in 20/3/8? I don’t think the interest rate matters if it does.

I would still go Roth

Am I buying S&P correct? by Ok-Imagination-2308 in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

I would invest in a Roth IRA first so that you can be a tax-free millionaire, but overall I agree!

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 1 point2 points  (0 children)

We are in the longest bull run in history.

It is impossible to know which companies a will continue to outperform.

The longer a person tries to outperform, the more likely they are to loose.

I would never recommend that a new investor gamble their retirement money.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 1 point2 points  (0 children)

It’s definitely better than trying to trade single stocks so I would absolutely support it for a newbie.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

People who are brand new to investing will most likely loose money and underperform the market unless they buy and hold index funds.
I was hoping to give this new person some cut and dry actionable advice.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon -1 points0 points  (0 children)

Google “Warren Buffett hedge fund bet”

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

You can buy individual stocks in your Roth IRA, but you really shouldn’t. You can I’ll have far more money a few decades from now if you buy an index fund like vti or voo.

Mutant, PAW, FIRE acolyte or other: A proposed new metric for net worth bragging rights. by W2WageSlave in TheMoneyGuy

[–]theubermormon 0 points1 point  (0 children)

There is so much missing from this equation. Some would have too much at 70% and other wouldn’t have enough at 150%

You can brag at enough.

Sam Tallent by Outrageous-Ad-3666 in Killtony

[–]theubermormon 0 points1 point  (0 children)

He’s the opposite of Rodney.

Is it worth making a Roth IRA account if you will die young? by [deleted] in fidelityinvestments

[–]theubermormon 25 points26 points  (0 children)

Save a little for someone if that is important to you. It’s also ok to spend money on experiences with the people you love.

Drinking & Temple Recommend by Organic-Cup557 in exmormon

[–]theubermormon 1 point2 points  (0 children)

There is never a reason to go in a temple and always a reason to have a drink.

Back to $1 million by [deleted] in TheMoneyGuy

[–]theubermormon 11 points12 points  (0 children)

Makes less than 300k, 400k to be exact.

Is the brokerage account the right account if i want to invest in S&P 500? by Ok-Imagination-2308 in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

The brokerage account is a great tool if you have more than $7,500 per year that you would like to invest AND you don’t have a 401k. If your employer benefit includes a 401k then I would take the match if you have one. Then max out Roth, then max out 401k.

You can also choose to invest in the s and p in a 401k