Yes, this.
If we are filing as joint married status, do we still need to split the holdings and report it for each individual. i am actually not sure about tax implications. I just started trading it in 401k account. If i am also going to invest from my own account, how much is the tax percentage?
Thanks
Theyāre separate IRAs for each person. There is no āreporting holdingsā for IRAs yearly. You only report the contributions. Then you report when you eventually withdraw.
The one thing youād want to watch out for is accidentally creating wash sales from taxable to IRAs (if you also have taxable brokerage account). Not sure how a joint taxable account would wash over to identical holdings in one or both IRAs.
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This is feeling really strange, Iām almost debt free. (Nearing enough cash to offset mortgage , at about $90k cash and $150k mortgage). On the fence about pulling some more cash out today.
FOMO of the Fedās fake market is real. But Iām still not regretting the risk reduction I did in March. Despite the 1700sh reduction in AAPL exposure at ~$270 when itās over $350 nowā¦ For anyone counting thatās over $136k. Multiple years of āexcessā income for me. Would have been useful though as Iām unexpectedly taking a serious look at job change with possible relocation. Really scary, for me anywaysā¦
High in liquid NW in Jan was about $650k (probably around ~$600k if I take about a week moving average). $540k now.
I guess if Iām looking at job change I can add in the month of vacationā¦ So about $550k. Sucks losing the time though, I shouldnāt have been a miser on using vacation time.
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Hey, I sold 114 shares of TSLA in December last year for about 48k. Would be worth 114k today. I donāt regret de-risking either though.
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Market predictions? +100% or -50%, which one will we get first?
Iāve got 3 AAPL options expiring today, not sure how far/deep I want to roll them forwards :(. Problem is 2 in IRA, 1 in taxable. So if the rolled forward ones are a loss I have to try to avoid a wash sale disallowed loss from ira to taxable. Iām thinking short term and higher strike price in case we have a market crash (in which case Iād expect a ālossā but be able to move to a lower strike price).
Iāll need to be careful on taxes this yearā¦ Good thing that at least they didnāt gut single people on the capital gains brackets like the penalties added for regular income in the last ātax cutsā act. No danger of passing the $440k 15% bracket yet.
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Fark me I got scammed $660. I knew it would pop to 350. I started walking down limit and just then it popped up $3. If I would have waited 1 minuteā¦
Stepped those calls up to higher strike prices. (2 months $5k->13k each) Also sold 10% of index funds in retirement account. Iām up to $115k cash now.
I need to start selling. Whats on the horizon
MSFT $200.
It took ~18 years from $50 to $100. Almost exactly 2 years from $100 to $200.
Sold another 11% of funds yesterday. $130k cash.
Prolly shoulda more. (Looking at todayās direction).
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Now where will you stash all that cash?
Ehh only two money market fund choices in TIAA. Took the lower expense ratio, I think the current return is 0.14% or something. And I think I canāt move any funds back to S&P index fund until 30 days pass.
The funds might be in an IRA instead of the employer retirement account a few weeks from now, with more optionsā¦
Guess you didnāt get in on the TIAA MM 1.40%, guaranteed 1 yr.
I did, $500 down, as a tied over if other plans fail.
Youāre too old or never paid attention, in employer-āsponsoredā retirement accounts, the employees do not get a choice of what options are available. Itās solely up to the employer. I can only guess youāre referring to a non-employer sponsored account plan (which TIAA also has). Thereās usually just up to 10 or 15 options of funds that can be chosen in a specific plan.
The employee can only gain more choice for the employee-contributions if they separate from the company, in which case they can roll the funds over to a new employerās sponsored plan or roll them into an IRA.
Anywaysā¦ I do actually have some funds in 4% āguaranteed returnā TIAA funds for infinite-years (until withdrawal).
Pretty rude!! 
Iām self-employed, as a matter of fact.
Happy to hear you have 4% guaranteed funds. I belong to that 4% group, but also have the 1.4% deal in case of emergency.
Thatās good. You have more choice than the vast majority do then in setting up your plan in that case.
Does your employer sponsored 401K allow for transfers to an IRA? I too sold most of my holdings and am seating on cash now, at a sad 0.05%. Your 0.14% MM is almost triple what I got.
No, I donāt think any are allowed to have that option (except for after-tax contributions if the plan is a unicorn with the mega backdoor Roth supported).
Generally you can only move the funds out with separation.
7 day average shows 0.12%. 0.14% was the expense ratio, I got it wrong in prior comment.
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Actually, that brings me to a question related to the mega Roth backdoor!
IF the plan supports after tax contributions without supporting in-service rollovers (I think mine does, for exampleā¦ Although itās unclear and Iād have to verify. Terms like āafter tax contributionsā confuses the hell out of the custodiansā representativesā¦), can one use it to do a single Roth backdoor started just before a separation??? Say, dump in $30kā¦
Maybe someone like @xerty would knowā¦
Yes, you could do an after-tax contribution before separation. You could also, if they support a Roth 401k but no in-service rollovers, do an after tax contribution and then convert it into the Roth 401k portion of the plan. Used to be this was inferior since you lost the recharacterization option into a Roth 401k that you would have had converting into a Roth IRA. But now without recharacterization of conversions at all under the latest tax law changes, thereās no reason not to do the conversion within the 401k plan as long as youāre ok with holding more assets in their investment options,
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