Login | Sign Up
TechSideline

All Hokie, All the Time. Period. Presented by First Bank & Trust Company

The Lounge
◀ ▶
TomTurkey
Joined: 10/11/1999
Posts: 133,807
Likes: 67,170
TomTurkey
Founder Subscriber

19 black

Posted: 08/15/2022 at 11:40 AM ET
(In response to this post by darnellm)

Thread Replies (46)

Full Thread →
So you've maxed out your 401k and aren't eligible for IRA deductions.
ElbertoHokie • 08/15/22 09:07 AM ET
backdoor Roth*
ShockWaveVT • 08/15/22 03:28 PM ET
Hide money/investments offshore…..😏
RJHokie • 08/15/22 01:51 PM ET
Are you eligible for an HSA? There are fairly low contribution limits
Tafkam Hokie • 08/15/22 01:48 PM ET
This and Roth are the correct answers. **
Tank • 08/15/22 02:48 PM ET
Blue horseshoe loves Anacott Steel**
MAHokie69 • 08/15/22 01:22 PM ET
Out of curiosity, when you say "maxed out your 401k" do you mean
Tafkam Hokie • 08/15/22 01:01 PM ET
I've hit the $20,500 already. **
ElbertoHokie • 08/15/22 01:07 PM ET
Then, yeah, the only other options are a Roth IRA
Tafkam Hokie • 08/15/22 01:51 PM ET
I checked all my holes and none of them loop.**
ElbertoHokie • 08/15/22 08:55 PM ET
Plastics.
MEHOKIE • 08/15/22 12:56 PM ET
…this is your wake up call
chumley • 08/15/22 12:53 PM ET
frozen concentrated orange juice futures**
Hokie Chris • 08/15/22 12:53 PM ET
529 plans for the kids/grandkids/nephews/etc**
psychobilly • 08/15/22 12:46 PM ET
Definitely have one for the kid. Can probably up the contribution. **
ElbertoHokie • 08/15/22 01:22 PM ET
Roth, followed by tax free muni bonds**
HokieJay • 08/15/22 11:29 AM ET
Roth IRA**
Guy LeDouche • 08/15/22 11:18 AM ET
Buy all of the hot holiday toy now, sell in November=profit**
Kudelski • 08/15/22 10:51 AM ET
It's surprising how big a business retail arbitrage is**
HokieDan95 • 08/15/22 11:02 AM ET
Yep. Buy "NASA" and Nirvana T-shirts at Goodwill and proceed to EBay.**
dolph • 08/15/22 11:18 AM ET
Powerball. Don't be an idiot and invest in Mega Millions the odds are lower**
HokieDan95 • 08/15/22 10:37 AM ET
Look at I Series Treasury Bonds...currently paying 8%+ APR
BleedinOandM • 08/15/22 10:27 AM ET
Like 10k limit? Hold >5yrs to maturity? **
ColoVT82 • 08/15/22 11:18 AM ET
Correct; and they aren't for everybody. Make your own decision.**
BleedinOandM • 08/16/22 06:39 AM ET
Minimum hold time is 1 year
Tafkam Hokie • 08/15/22 01:04 PM ET
Thnkx for answer.**
ColoVT82 • 08/15/22 01:13 PM ET
You can still invest in a traditional IRA but you can't deduct those ...
vt90 • 08/15/22 10:24 AM ET
And back door them into a Roth if you don't have other IRAs.**
Hokiehouse7 • 08/15/22 11:11 AM ET
HSA if you meet the criteria**
coshokie • 08/15/22 10:23 AM ET
The IRON CROSS on the Craps table**
darnellm • 08/15/22 10:20 AM ET
19 black ** ◄
TomTurkey • 08/15/22 11:40 AM ET
May as well bet on Double Zero green.
Hokie CPA • 08/15/22 12:22 PM ET
After tax account for what you want in the market.
vawter85 • 08/15/22 09:59 AM ET
Assuming this is long-term investing, I'd also try to focus on
Tafkam Hokie • 08/15/22 10:05 AM ET
for now.........**
HOKIERIT • 08/15/22 10:00 AM ET
Cash**
OXVT • 08/15/22 09:52 AM ET
Have you tried the mega-backdoor?
Fatman • 08/15/22 09:42 AM ET
TWSS**
FfxStationHokie • 08/15/22 09:45 AM ET
Edge gave the best advice. Invest with after-tax dollars.
RoswellGAHokie • 08/15/22 09:41 AM ET
You could send some dough my way. I'll look after it for you. There are
Hurley09 • 08/15/22 09:38 AM ET
The old fashioned way. You yearn it!**
TomTurkey • 08/15/22 02:20 PM ET
Step 1: Buy a townhouse in Blacksburg, rent it out 7 weekends a year.
hoosnowahokie • 08/15/22 09:24 AM ET
A nice theory, except even a townhouse in Blacksburg is at least
Tafkam Hokie • 08/15/22 12:09 PM ET
Thought about not selling our house in Tuscaloosa. Our 3 bedroom house was
ElbertoHokie • 08/15/22 10:07 AM ET
I think the key is to continue investing, whether it be tax free or not
EDGEMAN • 08/15/22 09:21 AM ET
Hookers and bitcoin?**
FfxStationHokie • 08/15/22 09:20 AM ET
First I formed a hedge fund so Congress would ensure I only pay 20% taxes
dolph • 08/15/22 09:17 AM ET