what amount of taxes come out of your return?
can stop investing with them whenever you want and keep the return - taxes?
CREATING MILLIONAIRES: POSTERS AIDING WEALTH GROWTH
- Thread starter Sunalmighty
- Start date
what amount of taxes come out of your return?
can stop investing with them whenever you want and keep the return - taxes?
BaldingSoHard
Veteran
You pay the taxes whenever you sell.
So you could put money in for 10 years (or longer) and not pay any taxes on the gains (you'd still pay taxes on dividends in the year that you earned them, but it wouldn't be much).
When you go to sell the securities and deposit the gains into your bank account, that's when they cut the tax form.
Aceofspades404
Superstar
@BaldingSoHard
so I recently got a new job which mandates that I contribute to the state retirement plan. That's all good but I still have my 401k from my previous job. Do you think I should roll it over to 403b or an ira?
so I recently got a new job which mandates that I contribute to the state retirement plan. That's all good but I still have my 401k from my previous job. Do you think I should roll it over to 403b or an ira?
lightbearerchef
Von!!!
U finna b baldin so hard wit decisions like that on yo head
FWIW, i liquidated about 300 from a goal, and got it in a business day
BaldingSoHard
Veteran
I'm not fully versed on a 403b is that the one through the state?
Aceofspades404
Superstar
no it's just like the 401k but for non profit organizations.
Aceofspades404
Superstar
that really doesn't answer my question. I want to know whether I should roll it over to a 403b or take the money and put it an ira since my new company requires us to contribute to the state retirement plan. So all together I would have a pension and a 403b or ira
Sunalmighty
Superstar
Have you been purchasing individual stocks lately? Few companies im looking at. Ive been tweaking my 401k also.
I know you said it was a long story...but why not use TradeKing?
Seems like their fees are lower than the rest.
BaldingSoHard
Veteran
Long and the short of it is they suspended then closed my account (holding onto the money I had with them) without my authorization. I had to jump through a number of hoops to get them to re-open the account. It was a pain in the ass.
Sunalmighty
Superstar
Have you invested in any ETFs
BaldingSoHard
Veteran
I did but I cashed out after this last run up in the market so right now the only thing I'm holding is brk.b and whatever is in my 401(k) and IRA.
I don't remember the symbols, though but I know they were from Vanguard.