#47 ... Liberation Day

Dow Jones dropped its lowest since 2020...
Ironically orange dude was president then too..
God I love losing money...
Have to come out of retirement if this goes on to long...
 
4getgto said:
Dow Jones dropped its lowest since 2020...
Ironically orange dude was president then too..
God I love losing money...
Have to come out of retirement if this goes on to long...
Click to expand...
Well, it's going to be awhile having short term pain, until congress signs these tax cuts into law. Imo, never get into the stock market unless you know more than the average investor, or in congress. I stayed away for that reason investing in insurance annuities, mutual funds, bonds, and high yield accounts. You'll never see those insurance guys going tapioca. Been retired for 8 years now. Only thing I miss is not having enough to do some days.
 
Would these tax cuts involve the screwing of those ROTH folks and stick it to 'em with a slappy
glad I never fell for That Scheme o_O those ROTH conversions
I think it could be quite beneficial overall for the USA future
 
Idk, not into Roth ira's, but whats this got to do with tax cuts. As far SS, myself being retired, the government has already reduced my benefits a couple times claiming my income from investments keeps putting me in a higher tax bracket. The government has no shortage of ways to screw you over.
 
tacojoel said:
Well, it's going to be awhile having short term pain, until congress signs these tax cuts into law. Imo, never get into the stock market unless you know more than the average investor, or in congress. I stayed away for that reason investing in insurance annuities, mutual funds, bonds, and high yield accounts. You'll never see those insurance guys going tapioca. Been retired for 8 years now. Only thing I miss is not having enough to do some days.
Click to expand...
All my retirement was put in an annuity from my company.
So many retirement funds are dependent on what the stock market does. When they make money so do you and so the opposite is true.
Regardless things are not going well. This we didn't sign up for in his campaign promises. Nor was this even mentioned that there'd be short term financial pain involved. Especially globally.
If Biden was doing this they'd have him tarred and feathered.
And I find it a little funny all of Trumps news channels aren't saying a word how the stock market is doing.. But boy if it was they'd be having special news bulletins..
 
4getgto said:
All my retirement was put in an annuity from my company.
So many retirement funds are dependent on what the stock market does. When they make money so do you and so the opposite is true.
Regardless things are not going well. This we didn't sign up for in his campaign promises. Nor was this even mentioned that there'd be short term financial pain involved. Especially globally.
If Biden was doing this they'd have him tarred and feathered.
And I find it a little funny all of Trumps news channels aren't saying a word how the stock market is doing.. But boy if it was they'd be having special news bulletins..
Click to expand...
I take your into some sort of index annuity. I signed into one of those 12 years ago, and it's done alright being able to withdraw $10k a year to supplement my income....just sucks to pay taxes on it when it's pulled out. Same for these fixed annuities. While it's nice making 6% over 3-5 years....it sucks to pay the taxes when you cash out.
 
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