Vaughn Kellerman, CFP®️ ABFP®️
23.5K posts
Vaughn Kellerman, CFP®️ ABFP®️
@VKellerman21
You’re so money and you don’t even know it.
Katılım Aralık 2011
106 Takip Edilen419 Takipçiler
@nostalgiaa Who’s the guy between Harrison Ford and Peter Mayhew/Carrie Fisher?
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I finished the series. This is my GOAT.
Sean Fennessey@SeanFennessey
ANDOR S2 E8 is better than 99% of the movies I've seen this decade.
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ANDOR S2 E8 is better than 99% of the movies I've seen this decade.
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@ts_hodl @RyanSpeltz @grok I don’t think you’re understanding Trey’s point. The issue with 401k loans is the positions are sold and the cash is distributed to you. Yes you pay it back in with no taxes owed and the interest goes back into the 401k but the loan amount is out of the market and not growing.
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@RyanSpeltz @grok can you borrow against the assets in your 401(k) without having to sell them and take a distribution?
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Oh wait, that already exists
Trey Sellers ∞/21M@ts_hodl
This would be so much better if you could actually borrow against your 401k instead of having to take a withdrawal
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@grouchydiogenes @chaleitscecil Retitling assets to a revocable trust where the grantor is also a trustee doesn’t create a taxable event.
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@chaleitscecil "puts it in a trust" triggers CGT unless there is some kind of exemption around restructuring.
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@GCM1979 @chaleitscecil They would receive a margin call and either have to put in more funds or sell assets in the account to remove the margin call by choice. Otherwise they would have a forced liquidation event and assets would be sold by the custodian.
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@chaleitscecil but what happens if you borrow too much or your investments in trust take a nose dive?
This is why the rich don't want the stock market to drop.
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@Matt52915177008 @pleasenomoreban @freebxlmain @chaleitscecil People with a lot of investable assets in taxable accounts utilize this strategy very often. If the portfolio grows more than the interest rate and the LTV ratio is managed, it’s not difficult. Person dies, the estate can clear the SBLOC before the assets are passed down.
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Silver is now up ~2x over the last 46 years.
This is a CAGR of 1.26%.
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@spectrumarvel They did it this way to make it look like comic book pages
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PSA: Bitcoin scam alert!
My wife handed me a letter and asked if we need to do anything with our keys.
We received this fake letter demanding I enter my seed phrase for a phony "Entropy Check" with a QR code.
It's 100% a scam. @Trezor NEVER asks for your seed via mail, app prompts, or anywhere else.
Destroy this trash. Never share your seed anywhere online.
Stay safe this holiday season and protect your keys!
Reach out to @unchained, @dl4tn, or any one at @GannettWealth if you have questions or need bitcoin security help.
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@cjasonmaier I’ve never gifted bitcoin but I have gifted books about it including yours. I think people have to learn a bit before buying or when they will never have any conviction.
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Which is correct?
Gift people Bitcoin because it will be a catalyst to them learning.
Don't gift people Bitcoin because they won't appreciate it and will just lose it.
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@ts_hodl With a conservative inflation assumption (inflation likely to be higher), it would take over 20 years just for the $6,000 monthly to equal the purchasing power of taking the $1M now. Not taking the cash up front would be arguably the biggest mistake of the person’s life.
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Correct, no brain was used in the production of this post
theficouple@theficouple
If someone offered you $1 million of cash or $6,000/mo for life? Take the $6,000/mo for life every time. Absolute no brainer.
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@ts_hodl @Rajatsoni We help clients a lot with “gift and replace” strategies. Gifting low basis bitcoin and buying back the same amount with free cash. I could see some clients being interested in a similar strategy with this.
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@Rajatsoni The only way this makes sense to me if people with low cost basis who pay with old BTC then buy more with fiat they would otherwise have used to pay the taxes
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@money_cruncher To note: your company’s plan has to allow it as an option. Fidelity doesn’t decide if it’s available or not.
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Fidelity 401(k) hack:
If your 401k with Fidelity and has bad investments, check if you have access to BrokerageLink.
It allows you to invest in a wider range of ETFs beyond the core options within your plan.
It's a great way to lower fees if your plan allows!
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“The morning is the night for stars…and the night is the morning for stars.”
-my 4 year old
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