I can't say as I like this action...not that I'm opposed to making money but I would prefer more consolidation on an election day (uncertainty factor). On the plus side, it does still closely align with your crystal ball chart!
Yes. Sadly have decided to stay on the Lilly Pad! Patience... Patience.... But I do like to gamble...
Best wishes to everyone on your Investments!!!!!!
Happy Election Day!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I can't say as I like this action...not that I'm opposed to making money but I would prefer more consolidation on an election day (uncertainty factor). On the plus side, it does still closely align with your crystal ball chart!
Yep.. and it seems that crystal ball chart shows a huge jump up on day 5... hummm... that is tomorrow!!!
It also says buy the dip in October. hum....
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
So, just turned off TV... thinking tomorrow I may enter market...the world is not ending, Trump has phone call with President Xi on Thursday about trade....hummmm...so all this could be positive.....then I notice Fed Reserve has a Policy decision on interest rates coming out Thursday! But I thought that was happening in December.
ok...guess I will assess charts in morning and decide, but thought of Fed speak gives me chills.... and not in a good way.
https://seekingalpha.com/article/421...pact-rate-rise
https://graphics.wsj.com/gallery/wha...-november-2018
Interesting section at bottom of article on Fed
https://www.dtnpf.com/agriculture/we...-fed-decisions
Last edited by DreamboatAnnie; 11-07-2018 at 12:24 AM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
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Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Enjoyed exploring the dtnpf.com link, dba. A new one for me. good info there on farm finance, helpful for future retiree minifarm calculations. tip of the hat to ya! Fyi all, got my dad's new NARFE magazine in mail yesterday, good article on income tax calculations for withdrawals from tsp or other taxable income sources, and associated impacts on taxable SS levels. I'm still muddling through it, as the article skips over some intermediate steps in the calculations.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
I retired at 56 in Dec 2015 -- Taxes are hitting me pretty hard on my TSP withdrawals - still haven't got it down
Bama, you would have to wait til you decide it's time to draw SS, before the referenced NARFE article would have much value for you. basically, the more taxable non-SS
income you have, the greater the potential for taxable levels of SS to jump up higher simultaneously. resulting in bigger than otherwise expected tax bill. Once you start drawing SS, that is. you're underage for SS for another few years yet til 62 rolls around. That bell tolls for me in another few months. FERS 10% bump if all goes according to plan. We shall see how the winter goes in the meantime. Critical longdistance parental care issues and new arrangements ongoing for me since June.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
Generally I agree with the benefits of Roth...but not necessarily in regards to TSP. You have to look at the tax brackets you are in while working and what your TSP contributions do to drop you into a lower bracket. If you are 24% ($82.5g to $157.5g) bracket you have already paid taxes on what you throw into Roth at that rate. If you throw it into TSP (with the very low costs) and draw down in retirement you likely will be in the 22% bracket. This could make regular IRAs more cost effective than Roths when you are on retirement income (again-likely lower income and lower taxes).
Everyone has to crunch their numbers...
I think Roth is by far the way to go, if you have a long way until retirement. The closer you are to retirement the less money you will make off that investment and the less likely that tax rates will raise before you pull the money out.
1. You pay your current tax rate on the money you put in, tax rates are likely to rise, so even though you might be making less when you retire, the rates could raise higher than what you pay now (but then again, maybe they don't go up that much).
2. The money you EARN from your already taxed dollars can be withdrawn tax free (this is the biggest tax savings for those with a long way to retirement). For example, a 20 year old puts in 10k of taxed dollars, in 30 years may have 100k tax free dollars.
Ok. I know I said I would get in right after the election but rethinking it. I tried to talk myself into going in just 50%....and still thinking.... But I really do not like the idea of getting in on an up day and with those gaps. 25 minutes to go.
Best wishes to everyone entering the market!!!!!!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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