Darrell Aden

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Darrell Aden

Darrell Aden

@darrelltalksfi

I talk about stocks & personal finance

Katılım Nisan 2022
879 Takip Edilen8.5K Takipçiler
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Darrell Aden
Darrell Aden@darrelltalksfi·
“I make too much money for a Roth IRA.” I used to think that too. Then I learned there’s a loophole the IRS built right into the tax code. It allows high earners to contribute even if they are above the income limit. Here’s how it works:
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Jackie Kenoyer
Jackie Kenoyer@jackiekenoyer·
Investing has 4 layers. Most people only understand layer 1. Once you understand how they fit together, the big picture makes way more sense. Let’s break it down (with a combo meal analogy):
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Marсo | Not-Ideal Investor
Marсo | Not-Ideal Investor@b_co_co·
Everyone envies the guy leasing the G-Wagon. Nobody envies the guy who saved quietly and retired at 55. One of them is free. You were taught to want the wrong one...
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Darrell Aden
Darrell Aden@darrelltalksfi·
@FedUpGuy5 I cover that in the thread
Darrell Aden@darrelltalksfi

2. Contributions This is where most people get confused. You’ll want to make a non-deductible contribution to your new or existing Traditional IRA. That just means you don’t get a tax break for it up front. But here’s the catch: If you already have money in a Traditional IRA that hasn’t been taxed (like from an old 401(k) rollover), the IRS looks at all your IRAs when you do the conversion. So instead of a clean, tax-free conversion, you could owe taxes on part of it. This is called the Pro-Rata Rule.

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Fed Up Guy
Fed Up Guy@FedUpGuy5·
@darrelltalksfi What you are missing is if you already have an IRA with qualified (pre-tax) dollars in it, then this strategy won't work. AI to explain...
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Darrell Aden
Darrell Aden@darrelltalksfi·
“I make too much money for a Roth IRA.” I used to think that too. Then I learned there’s a loophole the IRS built right into the tax code. It allows high earners to contribute even if they are above the income limit. Here’s how it works:
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Tyrus Pradier
Tyrus Pradier@tyruspradier·
A lot of credit card debt was built off the back of this scenario. An emergency happens because the unexpected is undefeated. Then it’s followed by this phrase: “Honey, that’s what the credit card is for.”
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JOHN HENRY
JOHN HENRY@thejohnhenry·
7 boring wealth building habits that actually work: 1. Saving 15% of pay. 2. Investing the savings. 3. Using a money tracker. 4. Keeping a car long term. 5. Avoiding credit card debt. 6. Growing your income each year. 7. Not caring what other people think.
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DividendBoomer
DividendBoomer@BoomerDivvies·
People think that stocks go up because people are buying shares and go down because they’re selling shares. No. Every time someone buys a stock another party is selling the stock. All transactions have a buyer and seller. The prices change because of how desperate they are.
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Barbell Financial 💪🏻💰
Barbell Financial 💪🏻💰@BarbellFi·
My uncle just retired at 55 years old Never saved or invested any money Bought a nice house in a desirable area Paid it off after 30 years of working Sold the house for a $1 million gain Bought a condo in a cheaper area And pocketed the difference 💰
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Darrell Aden
Darrell Aden@darrelltalksfi·
@itscristabraun It’s definitely a good strategy to have in your back pocket if you are a high earner!
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Marсo | Not-Ideal Investor
Marсo | Not-Ideal Investor@b_co_co·
Think you need rich parents or a six-figure salary to become a millionaire? National Study of 10,000 Millionaires: • 79% inherited nothing • 8 in 10 maxed out their 401(k) • Top jobs: Engineer, Accountant, Teacher Not luck. Not genius. Just boring, repeated good decisions
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Daniel DiNoia
Daniel DiNoia@daniel_dinoia·
The 3 hardest things to do: Start before you're ready. Continue when nobody's watching. Finish when it stops being fun. Do all three and you'll outrun almost everyone alive.
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JJ – Millionaire Mindset
JJ – Millionaire Mindset@JJsFinclub·
Stop auditing the $5 coffee. Start auditing the $500 decisions. Run a Spending Autopsy monthly: where money actually went vs where you thought. The gap is where your wealth is leaking. You earn well. You’re not broke. So why does it feel like you’re not getting ahead?
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Darrell Aden
Darrell Aden@darrelltalksfi·
@SavingsCaptain Most people say they can ride out a crash, but I’m not sure that will actually be the case
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Tom | The Investing Tiger
Tom | The Investing Tiger@SavingsCaptain·
There’s a lot of “just buy index funds and you’ll be fine” content out there. It can create a false sense of security. You’re not avoiding volatility—you’re just spreading it out. Markets still drop. Fear still shows up. People still panic sell. The real skill isn’t what you buy. It’s how you behave when it gets uncomfortable.
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Darrell Aden
Darrell Aden@darrelltalksfi·
@b_co_co We have all the tools at our disposal to do pretty much anything we want
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Marсo | Not-Ideal Investor
Marсo | Not-Ideal Investor@b_co_co·
1886. Chicago. Smoke, torches, thousands in the street. They're not asking for raises. They're asking for their lives back. Eight hours. That's the dream. Cut to 2026. A quiet office. A man with a supercomputer on his lap and an AI that thinks for him. The dream came true. He's still there at 5pm. The camera pulls back. Nothing has changed but the tools.
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Darrell Aden
Darrell Aden@darrelltalksfi·
@BoomerDivvies Agree! Just always stay one or two notches below your income and you’ll be fine
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LazaroLifestyle
LazaroLifestyle@LazaroInvestor·
Good morning future millionaires and billionaires ❤️
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Keşfet

@jackiekenoyer @b_co_co @FedUpGuy5 @tyruspradier @thejohnhenry @LazaroInvestor @MarketPalmer_ @BoomerDivvies