runawaytrain
Wear their scorn with pride.
- Credits
- 10
For me it’s about staying ahead of the IRS. Converting a 401K or traditional IRA into a Roth can significantly reduce your future taxable income, since no federal taxes are due on Roth withdrawals, unlike the case with those tax-deferred accounts. Upon converting, you'll owe ordinary income tax on the amount converted (excluding after-tax contributions). But once you’re in a lower tax bracket, your tax bill may be smaller than it would have been a few years earlier or later. I suggest stretching out a Roth conversion over a number of years, each year converting only an amount that won’t push you into a higher tax bracket. Basically nibbling at your IRA. If you’re in the 15% federal tax bracket or lower, you don’t owe capital gains taxes on the sale of securities you have held for more than one year. Investors in higher brackets will own at least 15%. So if you drop to a low bracket, you could sell stocks that no longer fit in your portfolio, especially if they have appreciated in value. Sorry I’m rambling. I’ve had too much to drink. But hey, I’m ****ing retired.You know stocks better then that. It’s not the price per share, it’s the movement and how many shares you have. GE is at 12.00 a share and I know you don’t think their junk compared to Saia or OD. Don’t play to the masses.
As long as the stock keeps rising and hitting levels quarterly nothing will change because they are winning. I bought at 9.00, sold at 30.00, bought again at 20.00 and 18.00, sold off some at 68.00. The 20.00 and 18.00 were less then three or four years ago and I tripled my investment. That’s part of why I retired at a ‘younger’ then ‘normal’ age. I took advantage of the spread, not just Saia’s. It’s not a defense of Saia, it’s a reality check.
My GE stock? Well, it’s stable and I expect it will stay pretty much that way and pay dividends, it won’t swing like other stocks.
There’s your life lesson for the night. Stock stays up, your whining doesn’t matter. Stock drops, well, then it still doesn’t, there’s just less people employed to whine.