Money & Economics
- Thread starter bigredfish
- Start date
MikeLud1
IPCT Contributor
Do think we are going to crash soon? I need to rollover a 401K soon and I am thinking of putting everything in cash to. What do you have your cash invested in, currently I have my 3 year emergency funds in CSHI, since it does have do some options on the SPX index I am not sure on how it is going to react to a crash.I’m 100% in cash btw
After the beating I took on Friday. My nerves need a rest
I have no idea. All the guys who are supposed to know seem to think so.
20%? 30%? 2008?
I’m just getting that weird feeling. Mebbe I just need a laxative?
I have my IRA that I just converted from a 401k at Schwab in their SWVXX money market fund. We both did the 401k to IRA conversion because there’s no more employer match, and instead of 2 dozen choices to invest in, the IRA opens your choices up to just about everything.
Plan was to put 1/2 of that in SCHD and 1/2 in SPY, but I’m going to wait a bit. I think that SWVXX MM is paying 3.7 or 3.8% which isn’t bad.
I just moved all my play trading money into that as well in my Roth accounts. Easy with a couple of clicks.
Only downside is you have to wait a day for funds to clear if you want to sell it to use it to trade.
For us fixed income guys Schwab is hard to beat. Easy to do business, best MM and CD rates, 0$ trades, simple but efficient web/app trading platform. MUCH better than my JPM accounts, and JPM has no MM or CDs worth a shit.
I’m slowly over 3 years withdrawing all of the IRA and putting those funds in the Roth. 3 years/3 withdrawals being the right $ to move each year for me and stay in my tax bracket.
When done we’ll do the same with Mrs bigredfish’s IRA. (She’s 3 years younger so more time) Hers is currently at Schwab also but in a 2 year CD at 4.25%
Idea is
A- tax free growth
B- avoid RMDs
20%? 30%? 2008?
I’m just getting that weird feeling. Mebbe I just need a laxative?
I have my IRA that I just converted from a 401k at Schwab in their SWVXX money market fund. We both did the 401k to IRA conversion because there’s no more employer match, and instead of 2 dozen choices to invest in, the IRA opens your choices up to just about everything.
Plan was to put 1/2 of that in SCHD and 1/2 in SPY, but I’m going to wait a bit. I think that SWVXX MM is paying 3.7 or 3.8% which isn’t bad.
I just moved all my play trading money into that as well in my Roth accounts. Easy with a couple of clicks.
Only downside is you have to wait a day for funds to clear if you want to sell it to use it to trade.
For us fixed income guys Schwab is hard to beat. Easy to do business, best MM and CD rates, 0$ trades, simple but efficient web/app trading platform. MUCH better than my JPM accounts, and JPM has no MM or CDs worth a shit.
I’m slowly over 3 years withdrawing all of the IRA and putting those funds in the Roth. 3 years/3 withdrawals being the right $ to move each year for me and stay in my tax bracket.
When done we’ll do the same with Mrs bigredfish’s IRA. (She’s 3 years younger so more time) Hers is currently at Schwab also but in a 2 year CD at 4.25%
Idea is
A- tax free growth
B- avoid RMDs
MikeLud1
IPCT Contributor
I am planning something similar adding SPMO & QQQM for some extra growth, below shows what $10K invested will do 5.88 years: 2020-10-13 - 2026-08-31. I already have just over 600 shares of SCHD. Instead of SPY (ER 0.0945%) you should try VOO (ER 0.03%) or SPYM (ER 0.02%) it is cheaper.
| SPYM 25% |
| SPMO 15% |
| QQQM 10% |
| SCHD 50% |
Last edited:
At fidelity an IRA core/sweep account can be a MM fund. Also can write QCD checks out of a trad IRA account.
MikeLud1
IPCT Contributor
That is where I have my accounts, also have a Fidelity credit card (2% cashback deposited directly to Fidelity)
MikeLud1
IPCT Contributor
I am getting 4.70% with CSHI another option is SGOV at 3.74%
MikeLud1
IPCT Contributor
