Boiler Room: The Official Stock Market Discussion

[dora_da_destroyer]

Anybody got any insight as to whether to go roth 401k or before tax contribution 401k?

I guess the major debate is whether you think you will be in a higher tax bracket now or when you retire.

I already had a before tax 401k with my former employer and wanted to see if I should change it up with my next company since they offering 6% match

Depends, I make a lot without qualifying for many tax deductions, so I go traditional to lower my taxable income, I also don’t foresee myself needing to earn what I earn now in retirement so my tax bracket will be lower. But if you’re just starting out and think your retirement tax bracket will be higher, then go Roth

 

[Ahadi]

With how crypto looking today, I wouldn't be surprised if Monday was a red day for stocks.

If not now, at least by the time the 2nd wave hits

 

[mannyrs13]

If not now, at least by the time the 2nd wave hits

What wave we on now cuz it seems like 100k+ a day is the norm?

 

[bnew]

@Hiphoplives4eva
@who_better_than_me
@K-Deini
@pete clemenza
@Rickdogg44
@ogc163
@Golayitdown

just listened to this podcast episode with the CEO of Optec International . next year is looking very promising



edit: replaced podcast link , these are two different videos

 

[Serious]

@No1 your favorite type of bootstrap article

How I paid off $100,000 in student loans while making $28,000 to $45,000 a year

 

[FabTrey]

Nada?


just buy a little bit of NIO at least

Already got some at $21

 

[FabTrey]

Nah but that man old. You guys are my peers.

I could jump hook you to death all day nikka.

 

[Serious]

Good break down of the ark bad ideas report:

 

[Serious]

I could jump hook you to death all day nikka.

You’re supposed to be on the same team

guess my expectations were too high for SCum @smitty22

 

[Serious]

great watch

 

[FabTrey]

You’re supposed to be on the same team

guess my expectations were too high for SCum @smitty22

When it comes to hoopin I show no mercy

 

[mannyrs13]

@Hiphoplives4eva
@who_better_than_me
@K-Deini
@pete clemenza
@Rickdogg44
@ogc163
@Golayitdown

just listened to this podcast episode with the CEO of Optec International . next year is looking very promising



edit: replaced podcast link , these are two different videos

I pray and hope those still in it make some decent gains. Had a lot of hope for opti and they treated me well but I had to get out. They had lots of potential with the whole uv light thing and all those machines but didn't see them making anything of it or much news coming out. Now I hear they moving on to ppe which is a more crowded market. They did give me some major gains and I turned those into shares of companies like Apple and Tesla before the splits. So I'm grateful for my time holding that stock.

 

[KalKal]

I've been away from this thread since "roid rage" tweets put my account into a bit of a decline, but I'm looking forward to what the futures do today. Especially for my SLV options, which finally seem to be turning around now.

Anybody got any insight as to whether to go roth 401k or before tax contribution 401k?

I guess the major debate is whether you think you will be in a higher tax bracket now or when you retire.

I already had a before tax 401k with my former employer and wanted to see if I should change it up with my next company since they offering 6% match

In addition to what other people have said, if you have an HSA I would recommend maxing that out after you get the 6% match. Its tax free money you can use on medical expenses and take out when you retire:

This triple tax-advantaged account might beat your 401(k) plan.

 

[T.H.E.GOD]

I've been away from this thread since "roid rage" tweets put my account into a bit of a decline, but I'm looking forward to what the futures do today. Especially for my SLV options, which finally seem to be turning around now.




In addition to what other people have said, if you have an HSA I would recommend maxing that out after you get the 6% match. Its tax free money you can use on medical expenses and take out when you retire:

This triple tax-advantaged account might beat your 401(k) plan.

I got both options and what I did was start at 6% with my employee matching but then split that 6% down the even so 3% goes into my Roth 401k and the other three stays in my regular 401k so my taxes don’t get hit so much this year if I put it all into my roth 401k. I’m still learning. Put my shyt into my whole s&p which contains Microsoft, Apple, and some others.. Didn’t see any of my options having Tesla on it. Each year I get to raise my percentage I put into it.

 

[bnew]

I pray and hope those still in it make some decent gains. Had a lot of hope for opti and they treated me well but I had to get out. They had lots of potential with the whole uv light thing and all those machines but didn't see them making anything of it or much news coming out. Now I hear they moving on to ppe which is a more crowded market. They did give me some major gains and I turned those into shares of companies like Apple and Tesla before the splits. So I'm grateful for my time holding that stock.

they got a UV light device trial going on in the largest california school district.. the ceo said they're going to do the same thing on the east coast in addition to exploring leasing for other school districts. If they get a few of these deals, there'll likely be more to follow. hopefully they close some deals by december or january.