Sanrith Descartes
Von Clippowicz
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Investing General Discussion
- Thread starter Furious
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Kiroy
Marine Biologist
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Sanrith Descartes
i'm going to call vanguard, it looks like after 2 years we can transfer. We've had it for like 4 years now. Maybe I can get it into my personal account. What I'm wondering is if the 2 years starts over or if I'll just have to roll out every contribution.
Borzak
Bronze Baron of the Realm
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Sanrith Descartes
Von Clippowicz
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I am not familiar with a "simple" IRA. A standard self directed IRA should basically just be a changing on the rules on it. It should take them like a minute to make it a normal IRA. No holdings should need changed. When I converted my Mom's IRA from a Merrill directed account to a self-directed account it was about 3 minutes tops.
Sanrith Descartes
Von Clippowicz
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Kiroy
I looked it up and it appears to be more of a 401k for small businesses than an IRA. That being said, it has access to the Admiral class of mutual. The Admiral S&P fund is great and Ultra low cost. The term IRA threw me. Looking at the contribution caps this isn't an IRA. What Is a Simple IRA Plan & How To Invest in One | Vanguard
A SIMPLE IRA is for anyone who is self-employed, owns a small business, or any business with 100 or fewer employees. Learn how the SIMPLE IRA rules work here.
investor.vanguard.com
I'm heavily in this for my retirement. 0.04% expense ratio beats everything else with a stick.
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Kiroy
Marine Biologist
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What Is a Simple IRA Plan & How To Invest in One | Vanguard
A SIMPLE IRA is for anyone who is self-employed, owns a small business, or any business with 100 or fewer employees. Learn how the SIMPLE IRA rules work here.
ya sorry my bad. Its a small business low paperwork 401k
and im in all admiral funds - just sucks i got end of day prices but not that big of deal
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swayze22
Elite
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well my man, if you don't know the type of fund, the rules around it, the advantages or disadvantages, then you shouldn't really be worrying about trying to execute trades at a specific time IMO.
but yes, everyone that has access to Admiral Shares should have some. low minimums and super super low expense. for sure.
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Kiroy
Marine Biologist
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I did know the funds I bought. I was right about the Simple IRA plan, but the term IRA in the plan got my and sanrith's conversation confused. What I learned though, was mutual funds in a 401k OR simple ira settle at the end of the day. I'm not even trading. I'm just trying to add to my retirement at the best moment. My man.
swayze22
Elite
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Yes I understand (what you are saying and the confusion with the vocabulary). I guess it's just more of a general sentiment that a few points don't really matter for your actual retirement account.
Sanrith Descartes
Von Clippowicz
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Kiroy
Marine Biologist
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the compound interest on those few points over the course of the next 20 years is unimaginable
could have changed my life now i'll retire with shit
swayze22
Elite
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Nah. A 4% difference in principle compounding at the same rate is only 4% difference at the end. If you expect 8% returns that's only six months difference. (Or pick a number.)
A = P (1+ r/n) ^ nt, A is linear with P
swayze22
Elite
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Kiroy
Marine Biologist
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my accountant and I joke about stock trading all the time - i'm going to write down that equation on a napkin and ask him if he likes apples
Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
Von Clippowicz
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Spoiler that shit. Some people won't be able to sleep tonight.
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Hateyou
Not Great, Not Terrible
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While some of us will sleep better while rubbing a batch out to loss porn.
Good night sirs.
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