I've done both and going forward doing 100 percent Roth 401k. Hard to predict the future. If nothing else I consider it tax diversification.
Economy Concern
- Thread starter MyTeamIsOnTheFloor
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We have a Roth component in our plan and that's what I've been doing.
I just didn't see a way that marginal rates wouldn't increase. Nobody has the balls to simplify the code and alienate the lobbyists who are making sure all the carve outs are in there. Something will have to give. Of course with my luck, they'll decide that the Roth distributions need to be taxed because...fairness.
I'm bullish now on additional new tax cuts. I assumed tariffs would be smaller. Crazed, I can't wrap my head around Donald f#cking Trump being selfless, taking the fall for our deficits, and kind of doing the right thing. I don't believe it. We better get some big beautiful tax cuts. I'm done with all this shit if Trump ends up being fiscally responsible.
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If you don't think a tarriff is a tax, then you are hopelessly ignorant. It's a payment to the govt REQUIRED by any person or business importing a good. You going to next argue that sales taxes aren't taxes?
Go call Rand Paul stupid then.
“On tariffs, I think it’s just economically — it’s a fallacy to think that it’ll help the country,” the Kentucky senator said. “Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it.”
Rand Paul: ‘Fallacy’ to think tariffs will help country
Sen. Rand Paul (R-Ky.) said Wednesday that it is a “fallacy” to think tariffs will help the country’s economy as President Trump gears up to impose massive reciprocal tariffs on U.S. trading …
thehill.com
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The math is easy on this. If your tax bracket is the exactly the same working as retirement, then it does not matter which you choose. It's a dead even outcome.
If you are in a lower tax bracket when you are taking withdrawals, then you are better off doing traditional.
If you are in a higher tax bracket when taking withdrawals, you are better with Roth.
Nobody knows your future tax rates so it's a bet. In my experience, most people can more easily manage your tax brackets in retirement and would do better using traditional instead of Roth. Roths are very good for young people just starting out working as they are most likely in a lower bracket. If you have a balanced portfolio of stocks and bonds, hold all your stocks in Roth and bonds in traditional.
I've always been wary that one day the govt will start means testing Roths and withdrawals.
If I've got to liquidate the lake house I'm hunting you down, you being personally responsible for this shit.
So if it's a tax, it's a tax on a person or business importing a good.If you don't think a tarriff is a tax, then you are hopelessly ignorant. It's a payment to the govt REQUIRED by any person or business importing a good. You going to next argue that sales taxes aren't taxes?
Go call Rand Paul stupid then.
“On tariffs, I think it’s just economically — it’s a fallacy to think that it’ll help the country,” the Kentucky senator said. “Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it.”
Rand Paul: ‘Fallacy’ to think tariffs will help country
Sen. Rand Paul (R-Ky.) said Wednesday that it is a “fallacy” to think tariffs will help the country’s economy as President Trump gears up to impose massive reciprocal tariffs on U.S. trading …thehill.com
That ain't a tax on US citizens. I really don't give a shit on some fee an importer has to pay.
You only quote Paul when he disagrees with Trump.
A tax is money given to the government with the reality of incarcartion if you don't (except for Hunter).
Whatever you call it, it's not a requirement for a US citizen to buy imported goods. Ergo, not a tax.
A tariff is a tax by definition. Why are you fighting this stupid fight?
Maybe you've heard of the tea act of 1773. And something called the Boston Tea Party?
I have, yes.
Assist
The Tea Act of 1773 was a law passed by the British Parliament that granted the British East India Company a monopoly on tea sales in the American colonies, allowing it to sell tea directly to the colonies at a reduced price. This act led to widespread colonial resistance, culminating in the Boston Tea Party, where colonists protested against taxation without representation by dumping British tea into Boston Harbor.
Not a tax.
I have, yes.
Assist
The Tea Act of 1773 was a law passed by the British Parliament that granted the British East India Company a monopoly on tea sales in the American colonies, allowing it to sell tea directly to the colonies at a reduced price. This act led to widespread colonial resistance, culminating in the Boston Tea Party, where colonists protested against taxation without representation by dumping British tea into Boston Harbor.
Bill of Rights Institute
bostonteapartyship.com
Not a tax.
So the protest was against taxation... But it's not a tax.
Man you are really really lost. Don't know why you go down these ridiculous rabbit holes
You're just making yourself look stupid at this point. Just quit already.I have, yes.
Assist
The Tea Act of 1773 was a law passed by the British Parliament that granted the British East India Company a monopoly on tea sales in the American colonies, allowing it to sell tea directly to the colonies at a reduced price. This act led to widespread colonial resistance, culminating in the Boston Tea Party, where colonists protested against taxation without representation by dumping British tea into Boston Harbor.
Not a tax.
You asked if I'd heard of the Act. I had. It wasn't a tax - it gave monopoly to a company.
Is Trump giving a monopoly to anyone?
Not a tax.
No one who is as politically blinded as you are can make anyone else look stupid.
That's your answer? Just quit buying foreign goods?
Do you understand that the US GDP is 76 percent service sector. Less than 18 percent 18 industrial. There is a whole lot of stuff we simply don't make here.
Come on man. You can't be this dense. You're just trolling us in this thread, right?
Always thought Americans believed we benefited from competion and free enterprise.
Much to the scorn of my United Auto Workers union friends I bought a Japanese made Toyota in 1972 when their motto was Buy American.
The Toyota fit my needs at the time to go along with my 1972 Oldsmobile Toronado.
Used the small Toyota to find tiny parking spots as my clients were all near downtown parking garages with tight parking spaces. Smaller American cars at the time simply couldn't compete with the Toyota.
As time went on, it is my view that American cars improved after 1972 thanks to the competition of foreign car manufactures such as Toyota.
Good explanation here:If you don't think a tarriff is a tax, then you are hopelessly ignorant. It's a payment to the govt REQUIRED by any person or business importing a good. You going to next argue that sales taxes aren't taxes?
Go call Rand Paul stupid then.
“On tariffs, I think it’s just economically — it’s a fallacy to think that it’ll help the country,” the Kentucky senator said. “Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it.”
Rand Paul: ‘Fallacy’ to think tariffs will help country
Sen. Rand Paul (R-Ky.) said Wednesday that it is a “fallacy” to think tariffs will help the country’s economy as President Trump gears up to impose massive reciprocal tariffs on U.S. trading …thehill.com
President Trump's Liberation Day policy has introduced one of the largest… | Daniel Bunn | 18 comments
President Trump's Liberation Day policy has introduced one of the largest taxes increases in US history. The per-country tariff rates are simply based on a… | 18 comments on LinkedIn
www.linkedin.com
lol... crude oil is down 7% today. If they keep this up, they'll get prices down. Not sure it will be worth it though.
Trump is moving the US away from global dependency to self sufficiency. There will be short term pains, but this lever (along with some others) will eventually reinvigorate the US middle class. Trump is a man of the people. Ha cares.
Do you know how many years it takes to bring jobs back? You really should stay out of discussions that are way above your pay grade.
Define short term.
Short term pain for stock market. Hopefully not longer than a few months. Might want to look at domestic manufacturers and commodity producers at the moment. Not financial advice, not that you’d understand it.
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He's not, and he doesn't. And you're fooling yourself if you think these tariffs will "reinvigorate the middle class." That's not just optimism, it's nonsense.
Disagree. Bubba can't wait for a market recovery. Trump is almost certainly giving the middle class labor vote back to the Dimocrats with this "short-term tariff pain" - at least for the next House elections, which are coming fast. Plus, the Boomers are retired/retiring fast - they ain't down with a crappy IRA either.
Never looked at my accounts today. Got an alert after the markets one of my bio's signed a big deal and its up 45% after hours. Dems were always going to win the house in 2026 it happens every cycle. And my guess in in a year their IRA will be just fine. An election in 18 months is a long ways off anyway of course there is going to be short term pain on a trade war. Many just don't have the stomach for it because they obsess looking at their accounts on a daily basis.
But you guys never trade out it seems. Buy and hold. Your average person does not have free cash to deploy.
I will signal my moves. Sold seven figure number Feb 20 and Feb 21. Should be up 170k on this trade by end of day.
Going to start nibbling back in buying in 300-400k increments. May be too early as this mess maybe starting but want to start locking in some gains.
Maybe. Can’t run $2 trillion deficits forever. This is part of a 3 lever plan to bring manufacturing home, making the US less dependent on our enemies. Lower interest rates allowing maturing US debt to be refinanced at rates that MIGHT allow us to survive. This is a very important part of the plan as we have a great deal of debt maturing in 2025. And to raise revenue. Will it work? Who knows. Interest rates have already begun coming down though.
The US was/is headed toward a debt caused financial collapse. Something needed to be done. Time will tell if this works.
Jamming a broom handle into the spokes of our economy's front wheel is not going to help us stave off a debt crisis. It will hasten and exacerbate it.
Oh, and the kinds of manufacturing jobs you're talking about here aren't coming back to America. Ever. And it doesn't matter what our trade policies look like either. Modern manufacturing relies more and more on automation, and less and less on human labor.
Even if this wasn't the case, don't forget that the kinds of capital investment necessary to facilitate that sort of labor are at least 20 year money. Who the hell in their right mind would make a 20+ year investment based on a perceived vision of thousands and thousands of people working in factories the way they did 5 decades ago?
Everything you're saying here is total and utter gibberish.
The best case scenario for this tariff nonsense is that some countries throw Trump a bone or two to give him the perception of a "win" that he can tout to the rubes and give him a plausible off-ramp from this destructive insanity that he'll take ASAP.
I guess Americans aren’t supposed to own a TV or camera, because those items haven’t been made by an American company since the 1980’s. There are many items that Americans find essential that we haven’t made here in decades. Your kid’s toys are all made overseas, for example. And just about all consumer electronics.
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I told my wife we should sell a bunch a few weeks ago. She is risk averse, so it freaked her out. It would freak her out even more if I bought in now.
You're playing it smart - good for you. I am about 60/40 stocks/bonds. As long as I don't need to cash in any stock for a while - and I don't know why I would - I'll be fine.
I did buy a red golf cart with a sweet IU logo on it. My neighbor had it and he passed a couple years ago and now his wife is moving out and liquidating a bunch of stuff. I didn't have the heart to haggle her down - who else in Charlotte is going to want an IU golf cart?
I wonder if he was one of the Nobel winning economists who predicted a worldwide depression if Trump was elected in 2016?
