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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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Iconic 08:49 AM 08-19-2021
S&P is dumping like a mother fucker
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Hog's Gone Fishin 08-19-2021, 08:57 AM
This message has been deleted by Hog's Gone Fishin.
lewdog 08:58 AM 08-19-2021
Originally Posted by Iconic:
S&P is dumping like a mother fucker
My definition of dumping must be off.
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scho63 08:59 AM 08-19-2021
Originally Posted by Hog's Gone Fishin:
Liquidation to cover AMC
Now thats funny! :-)
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scho63 10:29 AM 08-19-2021
Originally Posted by Iconic:
S&P is dumping like a mother fucker
You sure you're looking at the right index? :-)
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Rain Man 08:12 PM 08-19-2021
Originally Posted by Hog's Gone Fishin:
Liquidation to cover AMC
At some point I'm pretty sure that AMC will have a higher valuation than the S&P 500. It'll be a huge vortex of money.
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Hog's Gone Fishin 08-19-2021, 08:34 PM
This message has been deleted by Hog's Gone Fishin.
eDave 11:53 PM 08-19-2021
Originally Posted by Rain Man:
At some point I'm pretty sure that AMC will have a higher valuation than the entire galaxy. It'll be a huge vortex of money.
FYP. Let's be real.
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lewdog 07:00 AM 08-20-2021
Anyone ready to short?!?!
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KChiefs1 07:02 AM 08-20-2021
Originally Posted by Hog's Gone Fishin:
I just watched a video stating AMC will easily go to one million per share. So I think you're right.

Here, I'll just put it up so you won't think I'm a liar.


If it does that I’ll have my own island.
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MTG#10 10:46 AM 08-20-2021
Originally Posted by KChiefs1:
If it does that I’ll have my own island.
It wont/can't.

I really wish these dumbasses would stop with the $100k+ predictions.

:-)
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-King- 11:20 AM 08-20-2021
Originally Posted by MTG#10:
It wont/can't.

I really wish these dumbasses would stop with the $100k+ predictions.

:-)
FUD!
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TambaBerry 11:31 AM 08-20-2021
Originally Posted by -King-:
FUD!
I know right to the fucking moon
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KChiefs1 11:42 AM 08-20-2021
Originally Posted by TambaBerry:
I know right to the fucking moon

MOASS baby!
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ChiefaRoo 01:26 PM 08-20-2021
MGM
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Hog's Gone Fishin 08-20-2021, 02:29 PM
This message has been deleted by Hog's Gone Fishin.
MTG#10 06:35 PM 08-21-2021
Are there any taxes/fees/penalties for rolling over a 401k into a Roth IRA?

The company I work for is being bought out by a much larger company. They said we cant contribute to 401k until we've been with the new company for a year. They gave us an option of rolling our existing 401k's to a new Roth IRA that they will set up, then once we're eligible can roll that money back over to their 401k program. But I just opened my own Roth recently so I figured I might as well dump it into that one.
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DaFace 06:46 PM 08-21-2021
Originally Posted by MTG#10:
Are there any taxes/fees/penalties for rolling over a 401k into a Roth IRA?

The company I work for is being bought out by a much larger company. They said we cant contribute to 401k until we've been with the new company for a year. They gave us an option of rolling our existing 401k's to a new Roth IRA that they will set up, then once we're eligible can roll that money back over to their 401k program. But I just opened my own Roth recently so I figured I might as well dump it into that one.
Do you know if your 401k is a traditional or a Roth? Traditional is much more common I think (you deduct it from your taxable income), but I would have guessed they'd roll it into a traditional IRA instead of a Roth if that was the case.

To your question, rolling a traditional into a Roth will incur taxes, but then your withdrawals won't be taxed. Rolling a traditional into a traditional won't incur any taxes since the taxation rules basically stay the same.
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