here we go...
I did not mention the CCP I mentioned the PEOPLE. To understand that is to live there and have relatives that still live there.

No. You took offense to the OP's use of the word "China" and pointing out they are acting like present NAZIs.  You took it to mean the Chinese People but that was not the original context.  The use of CHINA (also pronounced CHY- NAA) refers to the system of government, ie the CCP,  just as referring to Germany during the 40s automatically references the German National Socialist Workers Party - aka NAZIs. 

What about any changes in how you approach or manage your investments?

Got some folks here you are retired or nearing retirement. 

What about any changes in how you approach or manage your investments?

Got some folks here you are retired or nearing retirement.

I’m not going to change my real estate investments. Especially not at the moment as real estate and rentals in the Phoenix market are hot hot hot and going up. I have insurance on all my rentals so if there is any damage they can pay. I even have rental loss insurance. The rest of my investments are in safe insured CD’s tho they are starting to come due and the newer CD’s don’t pay enough. So I am going to start taking money out of my traditional IRA’s and porting them over to my Roth IRA’s and pay the taxes now while the tax rates are at an all time low. Might as well do it before a Democrat takes office and undoes the Trump Tax Cuts that even Millennials get and don’t appreciate because they are little twits who have TDS so bad they need anger management classes!


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What about any changes in how you approach or manage your investments?

Got some folks here you are retired or nearing retirement.

This is my biggest unknown.  Stocks have been a wild ride,  fortunately I was able to profit off of it but I am not as sure long-term what will happen.  I need a down payment for my mortgage in a year so I need short-term cash.  But at the same time I don't want to miss out on potential earnings for the next year.

I’m not going to change my real estate investments. Especially not at the moment as real estate and rentals in the Phoenix market are hot hot hot and going up. I have insurance on all my rentals so if there is any damage they can pay. I even have rental loss insurance. The rest of my investments are in safe insured CD’s tho they are starting to come due and the newer CD’s don’t pay enough. So I am going to start taking money out of my traditional IRA’s and porting them over to my Roth IRA’s and pay the taxes now while the tax rates are at an all time low. Might as well do it before a Democrat takes office and undoes the Trump Tax Cuts that even Millennials get and don’t appreciate because they are little twits who have TDS so bad they need anger management classes!


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I believe you are still limited to 6k a year.  Roth is the way to go though. 

No. You took offense to the OP's use of the word "China" and pointing out they are acting like present NAZIs.  You took it to mean the Chinese People but that was not the original context.  The use of CHINA (also pronounced CHY- NAA) refers to the system of government, ie the CCP,  just as referring to Germany during the 40s automatically references the German National Socialist Workers Party - aka NAZIs.

yes I took offense.
and here we go...

What about any changes in how you approach or manage your investments?

Got some folks here you are retired or nearing retirement.

I no need worry about that.  I too.poor to have investments.

I no need worry about that.  I too.poor to have investments.

Guns and ammo?   

This is my biggest unknown.  Stocks have been a wild ride,  fortunately I was able to profit off of it but I am not as sure long-term what will happen.  I need a down payment for my mortgage in a year so I need short-term cash.  But at the same time I don't want to miss out on potential earnings for the next year.

I was thinking more long term, but ok.  What about your home as an investment? 

I believe you are still limited to 6k a year.  Roth is the way to go though. 

I believe Inspector knows the tax laws.  And you one can transfer fund with tax penalty.  I'm not aware of a cap on that. 

I believe you are still limited to 6k a year.  Roth is the way to go though.

Both Traditional IRA’s and Roth IRA’s have their advantages. I made contributions to my Traditional IRA when taxes were much higher (During the Bush, Clinton and Obama years) than they are now. So I have not paid any taxes on my contributions yet. If taxes go up, and they will, the Roth IRA is NOT the way to go. If I had made all those contributions to my Roth IRA during the higher tax times I would have less money than I do now. Now, I am going to do a, IRA conversion/rollover from Traditional to Roth and I’ll pay a much lower tax rate (Thanks to President Trump) than if I just contributed to a Roth during the Bush, Clinton and Obama years. Make sure you know the differences and advantages/disadvantages of both types of IRA’s before you make blanket statements like “Roth is the way to go...”. It isn’t when taxes are higher like they were before Trump became president.

You are confusing my IRA conversion/rollover with a contribution. The contribution limits for a Roth IRA are currently $6000 for under 50 and $7000 for over 50. But I am not making a contribution. I am doing a conversion/rollover from Traditional IRA to a Roth IRA and there is no dollar limitation except an income limitation which I am not close to any more since I am currently retired.

I am being serious here. You are young enough to take advantage of all the different types of 401k, Traditional IRA and Roth IRA that you should have all of them so you can take advantage of all the different tax advantages when they occur. If Trump gets another 4 years I would recommend making max contributions to your 401K and Roth. If and when a Democrat gets back into office and raises taxes, I would recommend making the max to your 401K and your Traditional IRA. That way when you retire and you fall into the lowest tax bracket available, you can do what I am doing and that is a IRA conversion so you can pay lower taxes on your contributions. That way you take advantage of all the investment tools available to you while you are still in your best earning years.

I was thinking more long term, but ok.  What about your home as an investment? 
I believe Inspector knows the tax laws.  And you one can transfer fund with tax penalty.  I'm not aware of a cap on that.

Yes I am trying to transition from stocks to home for investment.  At least in Hawaii property is almost always a better/best investment.  I am only buying a condo, but after when I can afford land and a house I hope to not sell the condo and rent it out to pay off the mortgage.  So when I retire I will have additional income.  So not only does it earn value over time like stocks, someone else can help me pay for it 

Both Traditional IRA’s and Roth IRA’s have their advantages. I made contributions to my Traditional IRA when taxes were much higher (During the Bush, Clinton and Obama years) than they are now. So I have not paid any taxes on my contributions yet. If taxes go up, and they will, the Roth IRA is NOT the way to go. If I had made all those contributions to my Roth IRA during the higher tax times I would have less money than I do now. Now, I am going to do a, IRA conversion/rollover from Traditional to Roth and I’ll pay a much lower tax rate (Thanks to President Trump) than if I just contributed to a Roth during the Bush, Clinton and Obama years. Make sure you know the differences and advantages/disadvantages of both types of IRA’s before you make blanket statements like “Roth is the way to go...”. It isn’t when taxes are higher like they were before Trump became president.

You are confusing my IRA conversion/rollover with a contribution. The contribution limits for a Roth IRA are currently $6000 for under 50 and $7000 for over 50. But I am not making a contribution. I am doing a conversion/rollover from Traditional IRA to a Roth IRA and there is no dollar limitation except an income limitation which I am not close to any more since I am currently retired.

I am being serious here. You are young enough to take advantage of all the different types of 401k, Traditional IRA and Roth IRA that you should have all of them so you can take advantage of all the different tax advantages when they occur. If Trump gets another 4 years I would recommend making max contributions to your 401K and Roth. If and when a Democrat gets back into office and raises taxes, I would recommend making the max to your 401K and your Traditional IRA. That way when you retire and you fall into the lowest tax bracket available, you can do what I am doing and that is a IRA conversion so you can pay lower taxes on your contributions. That way you take advantage of all the investment tools available to you while you are still in your best earning years.

Oh I see interesting.   I'll be honest I have been ignoring my 401k and Roth for the past 6 years.  All to save for a down on property.  Had to make the tough decision which one was more important and long term, hopefully its the right one. Plan to use property to fund retirement, along with pension to survive. 

Guns and ammo?   

Like one well known guy here, I have no guns or ammo.

Like one well known guy here, I have no guns or ammo.

Are you sure it's a guy?   

I was thinking more long term, but ok.  What about your home as an investment? 
I believe Inspector knows the tax laws.  And you one can transfer fund with tax penalty.  I'm not aware of a cap on that.

Homes are great investments at the moment. Just like any investment timing is everything. But overall real estate is a good LONG TERM investment. Short term real estate kinda sucks unless you are doing a flip. But after doing my own flips I don’t think it is worth it unless you do one aspect of the flip yourself or own a contracting company. Flips are not easy and rarely make the kind of money you see on TV. Most of the flippers you see on TV are doing their own design work or contracting work. Which saves them a ton of money. Also, the good ones also have their own RE License in order to save a ton during purchase and sale. Just remember the Hawaii RE market is different than the mainland market.

I do my own taxes and have studied all the different IRS rules every year so I know what I can and cannot take advantage of. And you are correct I can do a conversion (transfer) without a limitation. But I still have to pay taxes on the contributions when they are removed from the Traditional IRA. But, instead of paying 35% tax on my contributions to a Roth IRA while I was working, I contributed to a Traditional IRA tax deferred. And now I am retired and in the 12% tax bracket. So when I pay the tax on my contributions I made over the last 40+ years to my traditional IRA it will be at 12% instead the 35% I was paying while working. By converting to the Roth I can keep investing in whatever and Enjoy all the benefits that come with the Roth IRA.

Oh I see interesting.   I'll be honest I have been ignoring my 401k and Roth for the past 6 years.  All to save for a down on property.  Had to make the tough decision which one was more important and long term, hopefully its the right one. Plan to use property to fund retirement, along with pension to survive.

Quit ignoring your contributions to your Roth! If you are paying income taxes higher than 12% on your paycheck you are currently losing money by paying taxes on your paycheck and then contributing to a Roth. When you can contribute to the Traditional tax deferred and save whatever rate you are paying in your paycheck and then pay the lowest rate available to you when you retire and pull the money out. When taxes are low like they are now, and if you are not a huge earner and in the lowest or almost lowest tax bracket then it might make sense to stay in the Roth. But don’t ignore where you are putting your contributions. If you are a big earner and there is a big disparity between the tax you are paying on your paycheck compared to the lowest rate which is 12% presently, you will do much better by contributing to a Traditional IRA.

Oh I see interesting.   I'll be honest I have been ignoring my 401k and Roth for the past 6 years.  All to save for a down on property.  Had to make the tough decision which one was more important and long term, hopefully its the right one. Plan to use property to fund retirement, along with pension to survive.

It’s good to be diversified but it is very important to have cash when you retire. Believe me, we have had to spend a shit load getting settled in to retirement. You are going to need a new car at some point and new furniture and upkeep on a house is not cheap. You only get your equity out of a house when you refi or sell. Otherwise you are going to need cash to fund everything. The good thing is if you have 60% equity in your home when you retire you can take advantage of a reverse mortgage if you decide if that is right for you. Or you can do what I did and that is to sell and move to a smaller cheaper house and have a smaller mortgage or cash left over after the sale. Just make sure you keep funding your 401k. At a minimum you should fund it at the same rate as your company match. Otherwise you are losing your company match money by not contributing.

Are you sure it's a guy?   

heads

Quit ignoring your contributions to your Roth! If you are paying income taxes higher than 12% on your paycheck you are currently losing money by paying taxes on your paycheck and then contributing to a Roth. When you can contribute to the Traditional tax deferred and save whatever rate you are paying in your paycheck and then pay the lowest rate available to you when you retire and pull the money out. When taxes are low like they are now, and if you are not a huge earner and in the lowest or almost lowest tax bracket then it might make sense to stay in the Roth. But don’t ignore where you are putting your contributions. If you are a big earner and there is a big disparity between the tax you are paying on your paycheck compared to the lowest rate which is 12% presently, you will do much better by contributing to a Traditional IRA.

I believe I paid in the end last year.  I know it was low.  I get alot taken out pretax at work they allow everything from healthcare to parking to be pretax.  Retirement contributions too.  So my actual earnings is fairly low and if I remember I took losses on stocks.  Not the best at taxes.  But I did not put in roth or 401k  just put everything into straight stocks to earn money for down payment.

Edit, looking at the brackets no idea.  Thought I paid 9.5 but I made over 50k last year so thats not possible...

It’s good to be diversified but it is very important to have cash when you retire. Believe me, we have had to spend a shit load getting settled in to retirement. You are going to need a new car at some point and new furniture and upkeep on a house is not cheap. You only get your equity out of a house when you refi or sell. Otherwise you are going to need cash to fund everything. The good thing is if you have 60% equity in your home when you retire you can take advantage of a reverse mortgage if you decide if that is right for you. Or you can do what I did and that is to sell and move to a smaller cheaper house and have a smaller mortgage or cash left over after the sale. Just make sure you keep funding your 401k. At a minimum you should fund it at the same rate as your company match. Otherwise you are losing your company match money by not contributing.

I work government so no match.  We only have pension.  I was exploring the moving aspect.  My girlfriend currently works where they match and she maxes out so hopefully if we need cash that's where it can be.