I have some funds (including stocks) in a rollover IRA. Rollover because it was started by combining all of my old 401K accounts, so it's pre-tax money. I have to start drawing it down in three years when I turn 73 (Required Minimum Distributions), at which time anything I take out counts as ordinary income for tax purposes. Some of those stocks have taken a big hit in the past few days so I've been taking some of them and transferring them to my Roth IRA, which grows tax free, but I have to pay income taxes on those transfers this year. Not a huge thing but with the value of those stocks at a low point my tax liability will be less than if the values come back up. And they will be in the Roth so any future increase will be protected from taxes. Unless of course Trump decides to do away with Roth accounts. And also assuming that the values rebound.Sudden Sam wrote: ↑Tue Mar 11, 2025 2:10 pmI know people who are enhancing their financial situation. And they are working class folks who dabble in the market. I’m no economics prof, but they said the current situation is easily utilized to make bucks.Roux wrote: ↑Tue Mar 11, 2025 1:51 pm This text arrived this morning from a trump supporting cousin of mine. Or I should say formerly trump supporting cousin.
Leopards eating his face.
Although tempting, I refrained from replying I told you so.
Trump and his cronies are destroying my and millions of people's 401 K s
Truly regret voting for this asshole
This MAGA bullshit is nothing but a scam for the 1 %
No doubt !
Don’t ask me how!
Trump/GOP bullshit
Moderator: Jesus H Christ
Re: Trump/GOP bullshit
Re: Trump/GOP bullshit
trump Promised Americans Booming Wealth. Now He’s Changing His Tune
President trump’s sweeping promises are running headlong into the reality of governing.
As a presidential candidate, Donald J. trump promised an economic “boom like no other.”
But eight weeks into his presidency, Mr. trump is refusing to rule out a recession — a striking change in tone and message for a man who rode widespread economic dissatisfaction to the White House by promising to “make America affordable again.”
His comments come as the stock market is tumbling — the S&P 500 fell 2.7 percent Monday after falling 3.1 percent last week — and business leaders are spooked about the uncertainty over his tariffs. Even some Republicans, who fear retribution if they cross Mr. trump, have started to raise concerns about his levies.
The moment captures a fundamental challenge for Mr. trump, a showman who makes absolute and sweeping promises that inevitably run into the reality of governing.
The economy Mr. trump inherited was by many standards in solid shape, with low unemployment, moderate growth and an inflation rate that, while still higher than what the Federal Reserve wants, had declined substantially. But the uncertainty that his policies have injected into the outlook is a jarring contrast with the picture Mr. trump painted on the campaign trail.
“We will begin a new era of soaring incomes,” Mr. trump said at a rally in October. “Skyrocketing wealth. Millions and millions of new jobs and a booming middle class. We are going to boom like we’ve never boomed before.”
That vow to create an economic boom has come into conflict, at least for now, with the president’s favorite economic tool: tariffs. ......
Re: Trump/GOP bullshit

The orange cancer has made things bad, and now he's making them worse.
Realize who your friends are, and don't start wars with them.
Re: Trump/GOP bullshit
No one can figure out the dairy 'tariff'. Canadian dairy is centrally planned and self-contained. It exports 300 mil worth and imports 700 mil worth, only to fulfill WTO regulations and NAFTA adjustments.
Canada would rather not trade in dairy at all.
Donnie's just a stupid old man.
Canada would rather not trade in dairy at all.
Donnie's just a stupid old man.
Re: Trump/GOP bullshit
Time to change the talking points.

Re: Trump/GOP bullshit
Biden slowed inflation down too much as well. It’s dangerous to get used to low inflation rates.
Tuberville is absolutely the most clueless POS gomer ever elected to the Senate. Thanks, Sam, for providing us some real tragic comedy.
Tuberville is absolutely the most clueless POS gomer ever elected to the Senate. Thanks, Sam, for providing us some real tragic comedy.
Re: Trump/GOP bullshit
Indeed he is.
He's started a war that he can't win. Thereby making the U.S. look even weaker to the world.
- FiatLux
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Re: Trump/GOP bullshit
See, Alabamastan is good at something.
Now we know where MAGA Sam gets his political beliefs.
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Re: Trump/GOP bullshit
The market has been over-valued for quite some time due to easy money.
Biden's inflation stoked that easy money.
No matter who was/is president, the market adjusts.
Quit f-ing whining...
Biden's inflation stoked that easy money.
No matter who was/is president, the market adjusts.
Quit f-ing whining...
Re: Trump/GOP bullshit
There we go! Sven has gotten the new talking points! Good for you, Sven.
Re: Trump/GOP bullshit
The markets adjust naturally on their own without being buttfucked in the mouth by some ignorant tinpot moron and his gaslighting sycophants. This is not normal.
Last edited by Mikey on Tue Mar 11, 2025 6:55 pm, edited 1 time in total.
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Re: Trump/GOP bullshit
well he said he's not sure if there is going to be a recession or not.
per Google:"A recession is officially judged as two consecutive quarters of negative economic growth. During this period, which can last anywhere from months to even years"
so is the hole the country is in so deep that pain is the forecast for awhile until the curative moves bear fruit, or did we sign up for massive economic masochism to benefit the wealthy?
(I say we but I didn't vote this time)
per Google:"A recession is officially judged as two consecutive quarters of negative economic growth. During this period, which can last anywhere from months to even years"

so is the hole the country is in so deep that pain is the forecast for awhile until the curative moves bear fruit, or did we sign up for massive economic masochism to benefit the wealthy?
(I say we but I didn't vote this time)
Re: Trump/GOP bullshit
If you choose not to decide you still have made a choice.
Sincerely,
Neil Peart
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Re: Trump/GOP bullshit
good pull Roux. yeah, I did make a choice which comes down to "whatever you guys wanna do"
so he is Prez and I should follow his plan. just the same as though Former VP Harris were elected. it's about civic duty and stuff for me

so he is Prez and I should follow his plan. just the same as though Former VP Harris were elected. it's about civic duty and stuff for me
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- Elwood
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Re: Trump/GOP bullshit

Article
Damnit, does the rule of law mean anything at all to you cultists?
Is destroying documents in violation of federal law no big deal to you? Or maybe for this one you can bleat out "fake news" so the other cultists won't pay attention?
Re: Trump/GOP bullshit
Don't worry. It's a negotiating tactic.
Trump has now proclaimed that it's illegal to boycott Tesla. So he's buying one and I guess we all need to buy one or we'll be breaking the law.
Trump has now proclaimed that it's illegal to boycott Tesla. So he's buying one and I guess we all need to buy one or we'll be breaking the law.
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- Elwood
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Re: Trump/GOP bullshit
Now we're linking to Instagram for sources of truth?
Or as I refer to Facebook/Instagram/ etal. "The Confederacy of Dunces"
Or as I refer to Facebook/Instagram/ etal. "The Confederacy of Dunces"
Re: Trump/GOP bullshit
Well I have another Instagram for you, and I really hope that you will take a minute of your day and watch it: LINK
With that refresher as a background, now please consider the case of Mahmoud Khalil, who even has not been able to speak with his attorney.
Then realize that what Mr. Khalil has said is really not substantially different than what our own Innocent Bystander has said here about Israel and Jews.
Anyway, whether you agree with him or not, hopefully you will conclude that we should not be treating people that way in the United States.
With that refresher as a background, now please consider the case of Mahmoud Khalil, who even has not been able to speak with his attorney.
Then realize that what Mr. Khalil has said is really not substantially different than what our own Innocent Bystander has said here about Israel and Jews.
Anyway, whether you agree with him or not, hopefully you will conclude that we should not be treating people that way in the United States.
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Re: Trump/GOP bullshit
I’m not comfortable at all with the way the Khalil situation is being handled.
Re: Trump/GOP bullshit
Ah, a Susan Collins type of objection. Well a small step in the right direction at least. Progress.
And just curious, what do you think about this?
Feeding the hungry? Does that register at all? Is that waste and corruption? Is that an additional something that should be cut in order to fund an additional tax cut for billionaires?
Or maybe, just maybe, is feeding hungry poor people something that actually is a good thing? Something that should be done, perhaps with the understanding that there are few acts that are more Christ-like than feeding the hungry?
And just curious, what do you think about this?
Feeding the hungry? Does that register at all? Is that waste and corruption? Is that an additional something that should be cut in order to fund an additional tax cut for billionaires?
Or maybe, just maybe, is feeding hungry poor people something that actually is a good thing? Something that should be done, perhaps with the understanding that there are few acts that are more Christ-like than feeding the hungry?
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Re: Trump/GOP bullshit
Feeding hungry folks is great. Maybe they found thatRoux wrote: ↑Thu Mar 13, 2025 2:02 am Ah, a Susan Collins type of objection. Well a small step in the right direction at least. Progress.
And just curious, what do you think about this?
Feeding the hungry? Does that register at all? Is that waste and corruption? Is that an additional something that should be cut in order to fund an additional tax cut for billionaires?
Or maybe, just maybe, is feeding hungry poor people something that actually is a good thing? Something that should be done, perhaps with the understanding that there are few acts that are more Christ-like than feeding the hungry?
this was another scam where the money was going to persons other than hungry kids. I don’t know why they stopped it.