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Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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OH!!!!

Why did I think 401k is the same as a traditional IRA then? Hmmm.
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Old 12-13-2010, 09:10 AM Lurker is offline  
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Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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What do you recommend to invest the funds in?

Im thinking of just going with an S&P500 index for peace of mind. VFINX in particular or maybe their Target Retirement 2050. Both stock based obviously but the index I assume would carry lesser risk.
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Old 12-13-2010, 07:00 PM Lurker is offline  
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afxacid
 
fuck if i know and you shouldnt be taking that kind of advice from people on the internet, anyways
Old 12-13-2010, 09:02 PM afxacid is offline  
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acidfast7
 
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Quote:
Originally Posted by Lurker View Post
What do you recommend to invest the funds in?

Im thinking of just going with an S&P500 index for peace of mind. VFINX in particular or maybe their Target Retirement 2050. Both stock based obviously but the index I assume would carry lesser risk.

I'm boring and dump huge monies into VFIFX
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Old 12-14-2010, 01:49 AM acidfast7 is offline  
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Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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Quote:
Originally Posted by afxacid View Post
fuck if i know and you shouldnt be taking that kind of advice from people on the internet, anyways

But the internet is serios bidness.
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Old 12-14-2010, 08:40 AM Lurker is offline  
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Aseras
 
I think you need to find a good cpa/tax accountant. One little fuck up in this stuff will cost you way more than their fees to do it right.
Old 12-14-2010, 08:55 AM Aseras is offline  
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#21  

Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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I will do that. Thanks.
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Old 12-14-2010, 11:28 AM Lurker is offline  
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#22  

Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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read this article guys.
http://www.smartmoney.com/personal-f...rsions-easier/

The way the second paragraph starts, it almost sounds like conversion was always an option. Just this year who is eligible has changed.

I could be wrong though, reading comp was never my strong suit.
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Last edited by Lurker; 12-14-2010 at 02:10 PM..
Old 12-14-2010, 02:04 PM Lurker is offline  
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#23  

afxacid
 
yeah, that's right - limits have been removed and looks like you could always do conversion as long as your AGI was < $100,000.
Old 12-15-2010, 11:05 AM afxacid is offline  
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