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Anybody Buying Yet? Where’s the Bottom?

I’m not giving legal tax advice on a public forum here, so consult with your tax professional…

HOWEVER, where many of you might be able to make money at this point is doing Roth conversions from a tax-deferred account such as TSP, 401k, IRA, etc. into Roth 401k and/or Roth IRA.

If you subscribe to the theory that future tax rates are going to be higher, now is also an opportunity to take advantage of converting your investments at a lower price into Roth.

Once the money goes into the Roth IRA, assuming you follow the five-year rule, the principal, the interest and all of the distributions will be tax-free forever. Even the beneficiaries that might inherit your accounts one day in the future will have zero tax on it.

Downside, you got to pay the taxes. But, you’re gonna have to pay taxes no matter what on this money. So you might as well get it into Roth as cheaply as possible.

While you can’t control right of return in the market, you can control future tax rates by paying them now while taxes are low and on sale. That, in my opinion, is another way to put money back into your pocket in times like this.
Do you don’t believe Trump is going to eliminate Federal income tax?

On a serious note/question I just discussed this with a friend. IF HYPOTHETICALLY income tax was eliminated by the time a person retired would they have to pay any tax on distributions from traditional pre-tax retirement accounts (assuming tax rules stay similar to now, which maybe is too much hypothetical)?
 
What amazes me more than anything is that despite the insanely stupid economic policies of this administration, that have the real possibility of destroying US dominance and ushering in an economic downturn the likes of which no one alive has experienced, some people are still blindly drinking the Trump Kool Aid…
People forget that the market crash of 1929 didn’t recover until 1954 and that what’s happening today has stark similarities to that period.


The man who put up the money that helped propel Trump to the White House broke ranks over tariffs this weekend. Ackman, who backed Trump, is resolute in his criticism of the policies.

Trump is pissing off too many people, the working class, the middle class, the upper class. And now most concerning for him, the billionaire class. He's in dangerous territory.

Congress is already plenty shaky on the idea and bet that snowball will start rolling soon.

The tiny sliver of optimist in me thinks a 180 will be coming. Exactly how soon and whether by force or surrender, we'll see.
 
Well, this morning is about as bad as I expected...

Sold a few last week, happy I did but the bulk of the money is just going further and further down today.

What a ride we're on folks!
 
Grew up hearing the stories about the Depression. I lived it.
The post war recovery. I lived it.

After the 07/08 crash I cashed out and fled.
Never again.

The scenario set up by the 51/50 guy is worse than the 29 setting.
 
US-protest.jpg
 
Had lunch with my parents. I'm damn glad that none of this matters for me. I'll ride it out just fine. But I would hate to be on a fixed income that's based on the market, as my parents are with their 401k. They will almost certainly be fine, but the stress of not knowing and not being able to do anything about it, is wearing on them.
 
Ollin Magnetic Digiscoping Systems

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