21–30 of 73 posts
I rolled all my 401ks into an IRA on Betterment. They automatically buy Vanguard ETFs and some other stuff. Has some nice features like earnings projections and automatically setting your equity/bond composition (like you can set it to 10% bonds and it will automatically rebalance all your ETFs)
I rolled all my 401ks into an IRA on Betterment. They automatically buy Vanguard ETFs and some other stuff. Has some nice features like earnings projections and automatically setting your equity/bond composition (like you can set it to 10% bonds and it will automatically rebalance all your ETFs)
What fees does betterment have if any? What allocations have you opted for?
That is 62k gone to fees assuming:
12k start, 12k put in per year. for 30 years at 7%.
Traditional 401K: 100% GME
Roth 401K: 100% IBIT/FBTC (bitcoin ETFs)
This is not investment advice, but my general rule is to use 401Ks and IRAs for, high-risk, high-gain, short-term, tax-inefficient trades.
My traditional 401K is mostly unvested company match. If GME crashes and I lose all of it, bleh, I change jobs earlier, no big deal. If GME skyrockets, I sell, then stay at my current company and vest that shit.
As for the roth 401K, I believe there is a high chance in BTC going up drastically more in the next 1 year, in which case I'll sell and the government can't lay their rotten hands on a penny of it. If BTC crashes due to some short term economic crisis, I'll just hold until it goes back up some time in the next 25 years, which I believe is nearly certain.
My normal brokerage account is where I do long-term index funds and long-term investments, because they are already taxed much less at long-term rates, and I can sell them at a future time when they would be taxed even less (e.g. hypothetical future gap year with intentionally zero income, hypothetical future time I'm not living in California).
I rolled all my 401ks into an IRA on Betterment. They automatically buy Vanguard ETFs and some other stuff. Has some nice features like earnings projections and automatically setting your equity/bond composition (like you can set it to 10% bonds and it will automatically rebalance all your ETFs)
If you just rolled your money into vanguard directly, you would avoid the .25% annual fee which is a lot of money compounded over time
was in similar position -- rolled all previous employers into vanguard IRA, self directed; VTI, NVDA, JPM, COST, MRK... have not regretted decision to take direct control
People overestimate their ability to pick stocks when they are up. Not everyone gets lucky.
(For the record, I am up a lot but I sold my NVDA way too early to take advantage of the current hockey stick)
was in similar position -- rolled all previous employers into vanguard IRA, self directed; VTI, NVDA, JPM, COST, MRK... have not regretted decision to take direct control
How do you choose the companies?
I rolled all my 401ks into an IRA on Betterment. They automatically buy Vanguard ETFs and some other stuff. Has some nice features like earnings projections and automatically setting your equity/bond composition (like you can set it to 10% bonds and it will automatically rebalance all your ETFs)