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Is everybody happy with they new tax law
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Alex[_13_]
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First recorded activity by BoatBanter: Dec 2017
Posts: 225
Is everybody happy with they new tax law
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:
amdx wrote:
and hey, how about the stock market?
I should do well under the new tax law, looks like I'll qualify for
the pass thru, knocking off 20% of my business income from being taxable.
and a Standard deduction of $24k, what's not to like.
I'll will lose two child deductions, but I would have lost one
anyone, she's getting married.
Mikek
My 401K hit seven figures shortly after President Trump was elected and
has grown even more. I'll have to see how it affects my paycheck. The
new rates won't be active until next month. If this continues I might
be able to retire at 55!
===
I've been moving into more conservative, and more diversified assets
in anticipation of a market pull back. I'd suggest keeping your job a
bit longer if you enjoy what you're doing. Inflation becomes a real
risk once you stop working.
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I'm realistically looking to retire by 60. I've got a few IRA's and
some non-retirement investments, too. I don't want to have to watch the
market all the time to feel comfortable.
Investing new money is challenging right now with the market so high.
I'm looking more and more at real estate.
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