New To Investing Thread

[Kat Kid]

when I hit rock bottom and get into the pyramid scheme game I'm hitting up KK first day.

Are you elevator pitching me pyramid pizza crossed with scheme? 

My only question:  Aggieville or Poyntz?......or World wide launch?!

[Kat Kid]

IDEA:  What if for our World Wide Launch.  We called it the World Wide Lunch and we did it on a Friday at lunch because TGIF and TGI have some pizza!

[CrushNasty]

Started really playing this investing game hard this year.  Hard to sit still now. 

Is this the best investing thread on gE? (other than how many credit cards thread)

[slobber]

Started really playing this investing game hard this year.  Hard to sit still now. 

Is this the best investing thread on gE? (other than how many credit cards thread)

like constantly buying and selling?


Gonna win 'em all!

[CrushNasty]

Started really playing this investing game hard this year.  Hard to sit still now. 

Is this the best investing thread on gE? (other than how many credit cards thread)

like constantly buying and selling?


Gonna win 'em all!

No just more active in buying stocks. Used to own 3 before April just for fun. Made one really good/lucky call. Now dabble in ~15 diff stocks.

[sys]

Is this the best investing thread on gE? (other than how many credit cards thread)

i think it's the only one.

[Spracne]

Picks or gtfo

[CrushNasty]

Is this the best investing thread on gE? (other than how many credit cards thread)

i think it's the only one.

Let's gamble!

[j-dub]

guys, i've got $7,000 in an old employer account that i want to roll over into a roth ira. i don't have a roth yet, i'm just planning on opening one up with that 7,000. can i roll the entire 7,000 over even though it's over the 5500 limit? can the excess be credited to the next year or previous year? what are my options here? i know very little, p.s.

[kim carnes]

guys, i've got $7,000 in an old employer account that i want to roll over into a roth ira. i don't have a roth yet, i'm just planning on opening one up with that 7,000. can i roll the entire 7,000 over even though it's over the 5500 limit? can the excess be credited to the next year or previous year? what are my options here? i know very little, p.s.

is the existing account a 401k?  i'm not sure you can roll any of it into a roth if that's the case.  you could roll all of into a regular IRA though.

[sys]

guys, i've got $7,000 in an old employer account that i want to roll over into a roth ira. i don't have a roth yet, i'm just planning on opening one up with that 7,000. can i roll the entire 7,000 over even though it's over the 5500 limit? can the excess be credited to the next year or previous year? what are my options here? i know very little, p.s.

assuming it is in a tax-deferred 401k, you can roll it all into a roth.  you'll have to pay taxes on any gains.

[hemmy]

Close the 401k and take what's left of that 7,000 and buy a bunch of lottery tickets.

[j-dub]

it's tax-deferred and will be taxed 10% if i understand correctly. i was just unsure if i could open a roth with more than the 5500 contribution limit..?

[j-dub]

it's tax-deferred and will be taxed 10% if i understand correctly. i was just unsure if i could open a roth with more than the 5500 contribution limit..?

i think this is wrong. i think 10% would only apply if i took any of the rolled over amount out in the first 5 years. the rollover amount will be taxed in some way though..

[kim carnes]

This is too complicated, just roll it over into an IRA so we can be done with this discussion. 

[j-dub]

i'll try to do my best 

[sys]

it's tax-deferred and will be taxed 10% if i understand correctly. i was just unsure if i could open a roth with more than the 5500 contribution limit..?

yeah, it's a conversion, not a contribution.  no limit on conversions.

[wetwillie]

Do you expect your income tax bracket to be higher upon retirement? does your employer offer a nice match to 401k contributions?

[j-dub]

it's tax-deferred and will be taxed 10% if i understand correctly. i was just unsure if i could open a roth with more than the 5500 contribution limit..?

yeah, it's a conversion, not a contribution.  no limit on conversions.

thanks sys! 

that's exactly what i was hoping for.

[j-dub]

Do you expect your income tax bracket to be higher upon retirement? does your employer offer a nice match to 401k contributions?

yeah, i expect my tax bracket to increase, that's why i want a roth. they offer a match, not a great one.

[hemmy]

Are you considering my lottery ticket idea? You should.

[slobber]

I was once holding a $50,000 check with my name on it and my cousin was trying to get me to go to the casino and just drop it on black. What if, man, what if?


Gonna win 'em all!

[hemmy]

I was once holding a $50,000 check with my name on it and my cousin was trying to get me to go to the casino and just drop it on black. What if, man, what if?


Gonna win 'em all!

You would've won, no doubt about it. Looks like a pretty foolish decision in retrospect.

[slobber]

I was once holding a $50,000 check with my name on it and my cousin was trying to get me to go to the casino and just drop it on black. What if, man, what if?


Gonna win 'em all!

You would've won, no doubt about it. Looks like a pretty foolish decision in retrospect.

That's what I'm saying. :anger:


Gonna win 'em all!

[Asteriskhead]

Apparently I've got too much of my 401K invested in company stock. I know next to nothing about this. Should I just pay ING $4 a month to manage it?