My spouse (43) is eligible to retire in early 2026 and has access to a 457b that does not have penalties for withdrawals when he retired but it's pretax. He also will have a pension roughly 40-50k when he decides to retire.
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Should we continue to max out the 457b with the pretax dollars, move the contributions going forward into a brokerage account, or some sort or split? With the brokerage, we can do some capital gains harvesting and will have access to it for other things between now and when retirement happens (in case he wants to go longer than 2026 but it would be no more than one or two years after). The disadvantage is the taxes that will have to be paid.
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We have a 200k mortgage at 3% but the property taxes are in HCOL area. I will have the funds at the end of 2022 to pay this off so should we pay this off to minimize the housing expenses? We will continue to invest but will have freedom to have more choices without these large payments. The house is also older so I foresee more TLC being needed in the upcoming years. I've read the arguments for investing over paying off mortgage but am looking for feedback of paying off the mortgage in the context of being on fixed income within 5 years.
Thoughts?
Certain hedge funds and brokerage houses can lend your long shares to folks who want to short. I've learned that if you mark all your shares with GTC orders, they can't lend your shares.
I marked ALL my shares at max $500 GTC order, with the first tranche sale at $50, so they can't lend them out.
Give it a try. Nothing to lose.
Do people normally give the full brokerage quoted(usually 1 months rent ) or is it an underlying belief that the tenant always bargains to bring the brokerage down ?
theorist. But he’s finally beginning to open up. If I can show him how the financial institutions are a house of cards waiting to tumble, he will likely jump in big, and would possibly refer our favorite stock to his clients. But first he needs to see the light on the weakness of financial institutions- not just related to being short GME, but for all the other reasons. Thanks in advance fellow apes!🚀🚀🚀
Saving money for a down payment on a house. Outlook is about 3-5 years. Where should I save the money? Also I have 40k in a brokerage account and 14k in Roth. Should I empty out brokerage account and put it towards the savings for the down payment or just leave it alone and start from scratch for the down payment? Thank you guys so much for the advise/replies!
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Hello! Might be sort of a noob question. I understand there's FIFO and LIFO. FIFO being the standard where you pull money out that you invested at the very beginning. LIFO beneficial if you don't want to pay as many taxes, but may have to pay short-term gains.
So, I'm looking to pull cash out for a down payment on a house (getting married), but still want to use the remaining account as a future retirement pot. I don't want to pay the big taxes on FIFO and wait to pay them when I'm retired, but also don't want to pay the short-term gains of LIFO.
I've been adding ~$1k a month for the past 8 years + some lump sums when I got a chance.
Would it be better to go in stock by stock and start selling somewhere in the middle where I only pay long-term gains, but pay as little gains as possible? Or is this trying to finesse it too much and I'm not thinking about it clearly.
So basically I would look at minimum 1 year ago at the prices I've bought at, and only sell the lowest cost basis until I pull out enough for my down payment. Does this logic make sense?
Feel free to bash, I haven't really taken money out of my brokerage accounts before! Thanks in advanced very much :)
If the "This is bigger than GME/AMC" thesis is correct, and I suspect that it is, what is the likelihood that something like J.P. Morgan or Bank of America or Citigroup also have exposure to this?
Does this go beyond Shitadel and Melvin in a way the average investor should be concerned about?
What are some of the ways you are hedging your exposure? Using multiple brokerage accounts?
Shwab, fidelity, TD Ameritrade? Is the process of transferring a portion of my shares to several different brokers worth the hassle? I want information that I can use to make my own informed decisions, I am not seeking financial advice. What would you tell your brother or father or mother or best friend if they asked you "Which trading platform is the least likely to fuck me?"
Does anyone have a link to DD concerning which dominos are the most likely to remain standing after the dust settles?
I don't know if this will get us anywhere, but a Canada Reddit soldier just said he's opening his third account tomorrow, stretching out his shares to different brokerages...we need 300 different places!
I will start the list with the following:
Questrade, Schwab, TDA, eTrade, RBC...that's 5...if you are with another brokerage house, please let me know...I will see just how many different brokerage houses there are...I will list TDA Canada and Schwab Canada as separate brokerages, though I don't know for sure if they are (I think they are)...send me your brokerages if NOT one of these...
In light of the news on the update with the court case against APEX and a long laundry list of co-defendants, of course our old friend Shitadel is clearly named on said list, I would like to share further information that may be of interest to you APES.
This list was pulled from the following location:
https://investorjunkie.com/stock-brokers/broker-clearing-firms/
This is one of many that is easily verifiable by a million different sources. I just happened to pick one of the first links in my Google query, as I feel fairly confident that any other link will reveal pretty much the same information.
Please tell me you notice a reoccurring pattern on the list like I did? Yep, APEX is listed as the clearing house for a hefty amount of brokerage firms.
Now let's rewind back for a bit to when trading was halted for Gamestop in January. Was your brokerage firm one of those that stopped your ability to trade GME for that day? If so, who was the clearing house for your brokerage firm according to the list?
I think it will reveal that a lot of those who were affected, used a brokerage firm that utilizes APEX as their clearing house.
Now of course we know that Robbinghood was in on it and also named as a co-defendant in the lawsuit. They are the most notorious one that gained national headlines for doing so. Imagine, letting them have their own clearing house! That's like giving a counter fitter a VIP key to the Bureau of Engraving & Printing (the place where they print money for the United States)!
So the ultimate conclusion to this post, be careful if you're using a brokerage firm that utilizes APEX as their clearing house. I don't even need to tell you guys about RH at this point. The last thing I want to happen is your ability to sell when the MOASS happens and you're ready to take your hefty profits and exit your position.
Stay safe my fellow APES and remember, APESTogetherStrong!
Hi All,
Here is my situation:
Base Salary- 125k (125k bonus with ote for possibility of 250k total)
Rent:1125 (very good for a high cost of living area)
Hoping to buy a house in next 3-5 years (likely between 400-700k). Also plainning to get married in fall 2022 ( budget 10k for my contributions)
HYSA: 40K
Checking:3k
Traditional IRA: 75K
Roth IRA:25K
HSA:2K
401K (Just started new role)- 1.5k
Brokerage: 5k (all in VOO)
Debt- None
I want to see what I should focus on moving forward. With the upcoming life moves should I pile money into HYSA or should I pour money after maxing hsa and 401k into the brokerage index funds?
I'm leaning towards just putting all extra money into brokerage but just wanted to get others feedback if I could be doing anything differantly?
