Individual retirement account Puns

Saya ingin cari2 insight mengenai bagaimana mempersiapkan diri untuk pensiun, terutama kalau semisal kita adalah karyawan swasta yang enggak dapat pensiun dr perusahaan.

Sebagai contoh, apakah ada yg berpikir untuk pensiun hanya menggunakan investasi seperti saham, deposito, dan Reksadana?

Atau ada yang sudah ancang-ancang untuk membangun bisnis atau franchise di masa pensiun?

Atau mungkin ada yang menggunakan tabungan atau asuransi dana pensiun dari bank seperti BCA - AIA Proteksi Retirement Maksima (RetirePlan) atau AXA Mandiri DPLK?

Bagaimana dengan Program Jaminan Pensiun (JP) BPJS ketenagakerjaan? Apakah ada yang memanfaatkan atau mengurusnya?

Saya pribadi sejauh ini sudah mulai masukin uang ke FR, yang jatuh temponya bisa dalam jangka waktu lama misal 2041, di mana saya akan mendapat kupon tiap 6 bulan sekali. Krn tahun ini saya 30 tahun, maka saya akan berusia 50 tahun saat FR nya jatuh tempo.

Sedikit-sedikit juga udah mulai masukin uang ke saham & RD, tp ini sifatnya lebih tentatif karena bisa dijual kalau semisal dibutuhkan.

Sempat kepikiran mengenai yang BCA AIA tapi setelah dihitung-hitung kayaknya mending mengelola sendiri. Semisal jaminan pensiun BPJS sama sekali belum pernah ngelirik.

I have had an IRA for years that kinda grew at an OK pace, but I never really thought about which funds I held there. During "The Dip" I realized I could sell some of my fund holdings and buy into crypto trusts (Grayscale, for example). The growth in the last couple of weeks makes me glad that I did.

If you have an IRA that has been just kind of sitting there you might consider shifting some assets into crypto-adjacent markets. Trusts are definitely inferior to straight crypto, but until legit ETFs enter the market they're a solid alternative to the more docile fund options. Especially if you're not retiring for 20+ years.

I’d like to know what other teachers are doing as to get an idea. I’m currently just contributing to an online savings account and a managed investment portfolio on Ally. Thank you!

99% of my assets are passively managed. But i do get a small itch for individual stocks. I have 2 individual holdings that make up less than 1% of my portfolio.

Obviously the tax advantage is a big plus for the retirement accounts. But not sure what the consensus is. I like the idea of keeping them separate but also like the tax advantages.

Thanks

The articles and calculators for withdrawal strategies from retirement accounts that I have seen appear to assume that a married couple only has to withdraw from one account.

If both spouses have their own individual 401k/rollover IRA account, do they withdraw proportionally from both accounts based on the chosen withdrawal strategy? What if one spouse has a significant portion in Roth IRAs and the other does not? If withdrawals are primarily from one account, will that increase the RMD for the other account? Are there any calculators or discussions anywhere on how to allocate withdrawals from two separate retirement accounts?

I have a 401k, Roth IRA, and HSA that I have been investing with for years and I have only bought index funds.

However, I am now interested in buying a few individual stocks like Amazon and Apple. Is it better to use a taxable/brokerage account like TD Ameritrade to invest in these or use a 401k, IRA, or HSA from Fidelity/Vanguard?

Not financial advice. Recently I was wondering if I should buy more in normal brokerage since the majority of my shares are owned in my Roth IRA (post tax) and traditional IRA (pre-tax). I do have a minority in a regular cash brokerage.

Retirement accounts typically have a 10% penalty for withdrawing earnings before an age limit 59.5 years old, along with considering the earnings as normal income that you then pay according to your marginal tax rate if you take it out before retirement age. While capital gains tax on regular brokerage gains will be 40% tax rate for over 1M in short term gains as we have seen reported elsewhere OR at your marginal income tax rate if lower than 1M (so could be 25% if it's like 100K, but I plan to hold out for at least 1M).

TLDR; Having shares in all types of accounts pre and post tax, may get you the best of both worlds when it comes to planning your retirement!

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Using free calculator (smartasset.com/taxes/income-taxes - literally first google result, using 2020 rates but who cares):

If I make tendies in my brokerage account, I will have to pay capital gains tax once on earnings and then figure out a good way to invest the money and minimize future taxes by holding for long term. Let's say that's 10M and at the highest tax rate (now to be 40%), with cost basis of 10k (not my real basis)

Federal capital gains short term tax: 40.8%

State tax: 5%

Total tax is 45.8% on 10M is 5.25M. 10M-5.25M = lump sum of $4.75M to do with as I please, probably to be reinvested in GME and some other diversified holdings to be taxed at long term (20%) gains taxes when I sell out of those positions as I see fit (maybe my children if I never sell).

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If I were to withdraw a limited amount per year from earnings from my retirement accounts to live off of for EARLY retirement, this is what it might look like. Remember there will be penalty and it is treated like normal income.

1M withdrawal per year before 59.5

Marginal tax: 37%

Effective tax rate: 33% - this is important because each income level is taxed at the marginal rate, not all of it is going to be at the highest tier, so the first 10k is at 10%, second, next 30k at 12%, etc. If you only withdraw 100K for year for example, then your effective tax rate is only 15%

SS/Medicare: 3%

State tax: 5%

Local tax: 0% but yours may vary

Total income tax on 1M is 41% or about $410k

1M - 100k penalty - $410k = 490k take home or 41k monthly. Leaving the 9M rest o

Hey everyone, i was wondering what do you guys do for your retirement fund. Most people just do a contribution to Social Insurance with their employer but that money just sits in a government bank account with no returns in the long term and those funds are completely out of your control plus money from that account is borrowed by the government to cover other expenses.

I was thinking on saving some money every month and start investing into some ETFs (exchange traded funds) with a low expense ratio (< 0.5% generally is ok with what i've researched).

Did anyone try this?

Did you go through your bank or a 3rd party broker such as Interactive Brokers or Fidelity?

Hi all, i'm a 27 M living in the Texas. I'm getting very confused on the approaches to take between a 401k, Roth IRA and an individual brokerage accounts.

Currently the balance in them are:

• 30k in the 401k (a mix of traditional and Roth. i couldn't make up my mind and switched back and forth few times in contributions. I think traditional is the better one for me from now on)
• 16k in Roth IRA
• 100k in individual brokerage account

My thoughts on investing are:

• put about 60% in some ETF for stability in growth, although i haven't figure out what kinds of ETFs to put in other than S&P 500.
• manage the rest of the amount myself in mostly tech stocks that i favor. I have very minimal idea on stock investing, so far i've been simply buying companies that I believe in having major advantage in terms of technologies, and it so far benefits me above S&P500. I'm thinking about continue that way with a smaller portion of the money.

The major questions I have:

Among the 3 accounts, should I put certain types of of investment in certain account? Say I wanna buy a S&P 500 mutual fund or ETF, should i buy it from the 401k or IRA or individual brokerage account? What about say a higher risk mutual fund / ETF? Or what about say gold ETF? Should i do those self managing via IRA or individual brokerage account?

I am 2-ish years into this first job of mine. I work as an engineer in a tech company, and the gross income puts me into the 24% marginal tax bracket. I don't have student debt, and the car is paid off.

Edit: as for major spending items now and future, I live in an apartment by myself and I have no interest in buying/owning a house. I don't foresee myself in a marriage in the next 5 to 10 years. I do plan on buying a new car next year that's likely somewhere between 30k and 70k.

Thanks Reddit!

Additional related LPT: if your spouse objects to putting away this money for you, take it as a red flag. Especially if you are contributing to the household with labor (taking care of kids, cleaning, etc).

This applies for United States, I don’t know how other countries handle these things. We just started doing this for my husband in 2019 since he has been a stay-at-home dad for a couple years - I wish we had known about it sooner!

Edit: forgot to add, this is commonly referred to as a Spousal IRA