For anyone reading this thread, do not use IBKR. It is quite possibly one of the worst platforms I have had the displeasure of using. Trivial things like requesting trading permissions to trade the LETFs I already own required me to verify my income with a W2 and my liquid net worth with brokerage statements. I in fact had the amount I stated in my IBKR account. In comparison background checks for jobs have taken less effort on my part.Hm, thinking about implementing this right now. I was planning on doing an ACAT to IBKR/M1 finance from Robinhood for tax reasons, but I think I should do it sooner rather than later and have decided on IBKR because of futures (I will miss the UIYeah, I do the Mega Backdoor that my company allows. So max the Roth 401K with 34K then add up this year and next year's IRA and I get 7K + 7K + 34 ~= 50K in Roth savings to use on this plan.How are you putting 50k into your roth? Are you paying the penalty to do that? In fact how are you not hitting the income limit for the roth? Ahh mega backdoor.). I haven't contributed to my 401k after tax before because I planned on a buy and hold strategy, but I've found that rebalancing is probably worth it. Now, using a roth ira seems much more attractive.
Quick questions since we have similar finances, should I open a roth ira or a roth 401k. Further, is there a decent way to get large sums (6-7 figures) of earnings money out of it before 59 without paying tax? The SEPP from 72(t) is pretty capped.
Completely tangential: using spx box spreads seems like a better way to buy a car than using a car loan. Any catch here?
). I haven't contributed to my 401k after tax before because I planned on a buy and hold strategy, but I've found that rebalancing is probably worth it. Now, using a roth ira seems much more attractive. The platform is also outdated and requires you to log in (and re-authenticate with your phone) every few minutes. It also seems like they don't support instant deposits and even barebones banking services.
I plan on transferring out to schwab as soon as I can. You can negotiate margin rates down on other brokerages by calling them so there is literally no reason to use ibkr.
Statistics: Posted by RichIn7Years — Thu Dec 21, 2023 12:07 am — Replies 2871 — Views 329377