Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
Why max Roth before the 401k? 401k directly lowers your taxable income. The usual plan is to max that first.
- 1
Investing General Discussion
- Thread starter Furious
- Start date
Synj
Dystopian Dreamer
- 8,509
- 37,855
Because I have some catch up to do on the Roth and most of that funding is coming from the sale of my RSUs which can’t be directly put into my 401k. I suppose I could up my deduction from my paycheck and then live off some RSU cash. I’m just a little tighter on cash flow than I would like and some of it is just circumstance. I bought a house in 2023 at 5.675 and although I make good money, my percent of income for my house is probably 40% which is tough on a single income.
- 1
Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
TSLA +2% in the overnight. Wonder if this possible reconciliation is about to ignite a moonshot on the stock.
- 1
Furry
Email Loading Please Wait
- 25,575
- 36,064
I can’t sit down and do the math right now, but when I did at 30 maxing 401k first did not make sense. I’d have to do it again, but my paper math mind is telling me it’s probably better to max Roth first at his age unless he made over 191k, and at that point you can’t do a Roth. The gains in 9 years are almost certain to exceed the 12% cut he’d save from the gov when retiring. State taxes could, but probably won’t change that.
- 1
Cad
scientia potentia est
- 28,961
- 64,911
There's some really good analysis on Roth v. Traditional in the personalfinance wiki on Reddit.
- 1
Furry
Email Loading Please Wait
- 25,575
- 36,064
That take aligns to the math I’ve done in the past.I think the biggest point they didn’t cover that was relevant to my thinking was that a Roth allows you to be very flexible with how much disburse which would otherwise blast you into the 32% bracket, especially since I was going to SEPP my 401k and could likely encounter the need for something like that in the 50-60 age range.
But it really just tells the importance of doing the math on your personal situation and retirement expectations. I still think my generalization for priority is true for most people and situations, it’s definitely not true for all situations.
- 1
Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
As Cad alluded to, there is a general thinking on it but it can always change for individual circumstances.
Gravel
Mr. Poopybutthole
- 44,332
- 157,226
Stupid fucking market keeps climbing! This having my money transferring thing really sucks balls. I'm not sure if it was sold Wednesday or Thursday, but I'm probably out at least 1% so far. Still probably 7-10 days too (they said they were issuing the check today).
- 1
Jysin
Bronze Baronet of the Realm
- 7,020
- 5,367
It is a few mega caps carrying everything today. Quite the mixed market and Bitcoin has been the leading indicator to markets and it is down over 2% and given up the 100D MA once again. This doesnt look like healthy market action today. Of course this is just a daily snapshot, but nothing about today screams broader strength.
- 1
- 1
Jysin
Bronze Baronet of the Realm
- 7,020
- 5,367
In today's AI circle-jerk news:
NVIDIA announces $100B of its own money to give to another company, so that other company can buy NVIDIA stuff.
Market adds $200B market cap to NVIDIA on the headline.
Can't make this stuff up.
NVIDIA announces $100B of its own money to give to another company, so that other company can buy NVIDIA stuff.
Market adds $200B market cap to NVIDIA on the headline.
Can't make this stuff up.
- 1
- 1
- 1
Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
Porsche drops 8% (biggest on record) as it gets booted from the DAX. Apparently that whole building EV thing isnt as easy as people thought.
Sanrith Descartes
Its all the Joos' fault. Am I doing this right?
- 48,599
- 130,691
Gravel
Mr. Poopybutthole
- 44,332
- 157,226
I feel like many, many years ago when Top Gear was still on the air, the first EV supercars came out and they kind of loved them (despite hating EV's), because it's immediate torque.
Kirun
Buzzfeed Editor
- 20,655
- 17,386
Sure, but the higher curb weight, no engine noise, no gears, etc. just feels so off-putting when you're into "performance" cars.
The 0-60 is no doubt impressive (due to the immediately available torque, like you said). But the rest of it is so bland.
Haus
I am Big Balls!
- 17,087
- 69,427
Might I also add, that if you want a broad play, URNM has treated me pretty well...
Before the AI boom I held that the real technology that will provide sustained power moving forward will be nuclear before wind/solar.
Strifen
Molten Core Raider
- 312
- 1,590
URNM, URA, or NLR are all doing great this year.
URNM is pure play Uranium miners, URA holds uranium miners as well as OKLO/SMR, NLR has all of the above as well us utilities, CEG, PEG etc.
OKLO was $8 a share 1 year ago now trading at $140.
OpenAI and Nvidia’s $100B AI plan will require power equal to 10 nuclear reactors
“This is a giant project,” Nvidia CEO said of new 10-gigawatt AI infrastructure deal.
arstechnica.com