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CovfefeAnon's profile
Covfefe Anon
Covfefe Anon
Covfefe Anon
@CovfefeAnon

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Covfefe Anon

@CovfefeAnon

Not to be confused with 2001 Nobel Peace Prize winner Kofi Annan. 54th Clause of the Magna Carta absolutist. Commentary from an NRx perspective.

Joined July 2017

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    1. Eric Richards‏ @EricRichards22 Mar 18

      Eric Richards Retweeted alexandriabrown

      Yeah, I'm thinking I'll probably see this in my lifetime. But what else are you gonna do? At least a Roth acts like a savings account that actually earns some interest.https://twitter.com/alexthechick/status/1372528066568859649 …

      Eric Richards added,

      alexandriabrown @alexthechick
      Soooooo about that 401(k) balance you have there. . . https://twitter.com/Doc_0/status/1372527122468761601 …
      5 replies 1 retweet 9 likes
      Covfefe Anon‏ @CovfefeAnon Mar 18
      Replying to @EricRichards22

      I always thought that the Roth was a sucker play compared to the traditional because they can renege on future tax free but can't renege on past tax exempt.

      11:11 AM - 18 Mar 2021
      • 3 Likes
      • Funicular Eric Richards Future Yeoman
      2 replies 0 retweets 3 likes
        1. Eric Richards‏ @EricRichards22 Mar 18
          Replying to @CovfefeAnon

          I sort of like the Roth as an easy way to make sure that you are investing regularly. Maxing out your contributions is easy to set and forget, at least with Vanguard. Probably regular brokerage accounts can do this too, but it's trickier to get back out if you need

          0 replies 0 retweets 1 like
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        2. Future Yeoman‏ @TCapsulae Mar 18
          Replying to @CovfefeAnon @EricRichards22

          Any advice for young men in general when it comes to corporate retirement accounts like Roth IRAs?

          1 reply 0 retweets 2 likes
        3. Eric Richards‏ @EricRichards22 Mar 18
          Replying to @TCapsulae @CovfefeAnon

          The best advice I've got it don't try to be cute, just dump it all into VTSAX or FXAIX or equivalent index funds and ride the tiger. Every time I've tried to pick stocks or sectoral mutual funds, I've underperformed versus the dumb Fortune 500 index.

          0 replies 0 retweets 3 likes
        4. End of conversation

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