That's his "declared" income tax plan. Do you use gas? A/C and heat your home? Buy food? Eat out? If so, your taxes will go up across the board.gougler08 said:
I thought I read that most/all of his proposed taxes are for the ultra high earners...so while may impact some whales here, doesn't hurt me
That being said, there's plenty of other reasons not to vote for Biden
Short answer, yes.Jet Black said:
So until the end of the year you can pull money out of your 401k, ira without the 10% penalty. I wonder if it would make sense to pull it out if Biden is elected. Just thinking out loud here.
Prognightmare said:That's his "declared" income tax plan. Do you use gas? A/C and heat your home? Buy food? Eat out? If so, your taxes will go up across the board.gougler08 said:
I thought I read that most/all of his proposed taxes are for the ultra high earners...so while may impact some whales here, doesn't hurt me
That being said, there's plenty of other reasons not to vote for Biden
You better brush up on your chinese, because if America falls east Asia is going to be easy pickings.$30,000 Millionaire said:
I will give up my citizenship and move to Singapore if we get into a 401K confiscation and wealth tax climate.
Prognightmare said:Short answer, yes.Jet Black said:
So until the end of the year you can pull money out of your 401k, ira without the 10% penalty. I wonder if it would make sense to pull it out if Biden is elected. Just thinking out loud here.
Prognightmare said:
If you're an active investor/trader and you have the chance to take control of your investments and not be limited to mutual funds, you do it. JMO, but I'd take that opportunity everyday. This thread will outperform any mutual funds if you stay away from the lottos and home run attempts.
Jet Black said:
Dumb question. Why is it always said contributions to Traditional IRA's are pretax? Do people have money taken from their paychecks and put into Traditional IRA's directly. I assumed most sent money to their ira after they were paid, after tax.
Aggiesincebirth said:Prognightmare said:
If you're an active investor/trader and you have the chance to take control of your investments and not be limited to mutual funds, you do it. JMO, but I'd take that opportunity everyday. This thread will outperform any mutual funds if you stay away from the lottos and home run attempts.
I agree 100%. When I left my former employer I was able to roll mine into a rollover IRA and with the help of this thread it has changed my life. 28 years old about to get married and no kids. Rent but looking to buy a home and I was thinking about taking some out of my Rollover to do so. This thread has helped my retirement return >100% YTD.
I normally would not recommend touching any 401k investment and just let it snowball, but when there is an advantage to taking out money for it, it seems very smart to do so.
Putting corporate/wealth/inheritance tax increases aside for a moment, Biden will roll back the Trump tax cuts ASAP, if elected. If that doesn't grab your attention, I assume since you're reading this his proposed 40+% cap gains tax might impact you.gougler08 said:
I thought I read that most/all of his proposed taxes are for the ultra high earners...so while may impact some whales here, doesn't hurt me
That being said, there's plenty of other reasons not to vote for Biden
The B1G thought they were the leaders of college football and everyone would follow them. The SEC said hold my jockstrap and slammed it's dick on the table. Now the B1G is going to play.texagbeliever said:
Possible big announcement: BIG 10 might announce they are playing football before noon today. This is one of those poorly kept secrets so it won't be shocking but could cause a bounce in the indexes and DKNG / gambling stocks.
Nevermind,,, lesson learned on this one for nowcptthunder said:
Anyone care to share their plans if they bit off some of the FDX 260C action yesterday?
Sell right at open or wait and see how the day plays out some?
I bought 2 weekly flys 50/55/60 for 0.35 each on Monday. Just sold 1 for 1.40 and I'm letting the other ride until Friday.McInnis 03 said:
The DKNG BWB I posted a week or so ago, i went really big on it (for me, y'all would laugh at it)........I don't know if I was pissed at losses, or convinced on the setup......let's just say I'm really happy with how it's playing out at this moment.
