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Nzoner's Game Room>Investing/Retirement question
Renegade 01:29 PM 02-29-2024
I have been sitting on an old 401K for a company I no longer work for. I left that money untouched for the past 8 years. It has almost doubled in value during that time.

I am really considering taking that money and transferring it to a Robinhood Gold IRA. They are doing a 3% match through the end of April if you sign up for the Gold (must keep Gold for 1 year $5 per month fee) I am well outside of the 5 year agreement for the IRA they require before penalty for early withdraw. I am figuring 7-9 years before Retirement.

I know very little about Robinhood. My current 401K is with Voya, and the fees are less than 1.5% annual. I would have to rollover to a traditional IRA as 98% of my 401K was before tax.

Is Robinhood any good for just setting up an IRA and not "investing" with it?
[Reply]
myselff77 02:06 PM 03-05-2024
Originally Posted by lewdog:
It's free. I am gonna paper trade some things in there to test out some strategies.

Thank you both.
Yeah, it's free. I've primarily been using Schwab's Streetsmart Edge app, but have tried out Think or Swim. ToS seems much more advanced, but I haven't been a big fan of the layout. Schwab if fully shutting down Streetsmart Edge in the next month or two. So, I will have to fully convert to ToS.

If you look online, there are a few scripts that come close to detecting stocks with Minervini's VCP pattern. Not perfect, but a decent start.
[Reply]
Pinchshot 02:16 PM 03-05-2024
Robinhood suspended trading on their site on orders from Wallstreet. I wouldn't trust them. It's really more of a trading platform anyway.

When I left a company years ago I rolled my 401K into a self-directed IRA where I now have rental properties, stocks, gold and Bitcoin. Equity Trust is the company I chose.

You most likely will not need to buy all those diverse assets. But if you ever decide to get into those, you could. Otherwise you're stuck with stocks/mutual funds only.
[Reply]
Ming the Merciless 03:32 PM 03-05-2024
Originally Posted by myselff77:
I've primarily been using Schwab's Streetsmart Edge app, but have tried out Think or Swim. ToS seems much more advanced, but I haven't been a big fan of the layout.

One really great thing about ToS is you can change many aspects of the layout. You can change menus, you can customize windows, you can add things to almost any column...


I had to spend quite a bit of time getting used to the layout and then when I started changing the things that bothered me most, I really ended up loving it.


Color Schemes:


Charting


Random Questions



[Reply]
myselff77 03:51 PM 03-05-2024
Originally Posted by Ming the Merciless:
One really great thing about ToS is you can change many aspects of the layout. You can change menus, you can customize windows, you can add things to almost any column...
Thanks. I'll take a look at those videos. I have no doubt ToS is better as there are some limitations in Steetsmart Edge I've had to work around that I know ToS does not have. I'll come around to it when I have to. I've just turned into the grumpy old man who doesn't want change. i have my exact layout in Streetsmart Edge that I like and have used for a few years. Now I'll just need to take the time to eventually do the same in ToS.
[Reply]
Ming the Merciless 04:07 PM 03-05-2024
Originally Posted by myselff77:
I've just turned into the grumpy old man who doesn't want change. i have my exact layout in Streetsmart Edge that I like and have used for a few years. Now I'll just need to take the time to eventually do the same in ToS.

Oh man I feel you!!


I _really_ loved the TdAmeritrade phone app.



So , my #1 is the ToS desktop app, but I dont really care for the ToS phone (android) app, but what I loved as my #2 was the TD Ameritrade phone app. So being able to use ToS on my desktop at the office and TDAmeritrade phone app in my bed or on the shitter was so great...



and so far, I dont think Schwab is doing to update that TD app on the phone (even though they BOUGHT the rights to it) , but I am hoping theres other grumpy old guys out there who can convince Schwab to being back the TD Ameritrade android app in the play store... LOL
[Reply]
Taco John 07:28 PM 03-05-2024

Janet Yellen gives an important update regarding crypto pic.twitter.com/YZC0FNoKKI

— Tommy WorldPower (@TommyWorldPower) March 5, 2024

[Reply]
Hog's Gone Fishin 07:40 PM 03-05-2024
:-)
[Reply]
BigRedChief 07:40 PM 03-05-2024
Originally Posted by lewdog:
I'm a believer in always rolling over your 401k to an IRA any time you leave an employer. It gives you more control and less expense than just leaving it sit in the 401k.
I forgot about profit sharing 401K’s that I had over the years. Turned 65 and the SSA sent me a snail mail telling me I have 3 accounts with these companies. Here’s their snail mail address.

$28K of free money so I send a letter asking for my money. 2 come back return to sender. 3rd says contact Voya, that’s where our other stuff is located.

Never got a notice about the account's. Is this normal?
[Reply]
TrebMaxx 07:47 PM 03-05-2024
Originally Posted by DenverChief:
61 years young eh?
Yep! :-)
[Reply]
kccrow 08:18 PM 03-05-2024
Originally Posted by Taco John:
hahaha that's fucking awesome
[Reply]
BigOlChiefsfan 10:34 PM 03-05-2024
Originally Posted by Buehler445:
As a guy that hedges grain, I want no part of speculating any of that.
All Y'all paid my salary for quite a while. You're in a different boat than I was in.
[Reply]
lewdog 03-13-2024, 06:59 PM
This message has been deleted by lewdog. Reason: Wrong Thread
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