# Where do you invest your money? **URL:** \ **Category:** Off-Ramp\ **Created:** [September 30, 2018, 4:02am UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760 "2018-09-30T04:02:01Z")\ **Posts on this page:** 20\ **Page:** 112
**Author:** ![JalopSpecial](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jalopspecial/32/92094_2.png) [@JalopSpecial](https://forum.leasehackr.com/u/JalopSpecial)\ **Post date:** [September 8, 2022, 7:06pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2281 "2022-09-08T19:06:55Z")
It is a tax-free Roth IRA conversion, where those who are Roth ineligible fund a Traditional IRA with after-tax money and then do a conversion; because the IRA was funded with after-tax dollars, the conversion is “free”. The loophole was originally slated to be closed but ultimately was not in the final BBB bill. ---
**Author:** ![Petrem](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/petrem/32/65654_2.png) [@Petrem](https://forum.leasehackr.com/u/Petrem)\ **Post date:** [September 8, 2022, 8:01pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2282 "2022-09-08T20:01:44Z")
> [@anique](#): > > This does sound convincing but tying up that much money for the next 28 years is also a big decision. It’s not really tied up… AFAIK you can borrow against / from retirement plans for things like buying a house, etc. ---
**Author:** ![Jrouleau426](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jrouleau426/32/195763_2.png) [@Jrouleau426](https://forum.leasehackr.com/u/Jrouleau426)\ **Post date:** [September 8, 2022, 8:19pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2283 "2022-09-08T20:19:43Z")
Yes a loophole for the “rich”. However 200k for married couples is no where close to rich in most cities! ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [September 8, 2022, 8:19pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2284 "2022-09-08T20:19:47Z")
We have a foreign tax carryover\*\* from a previous tax year that I’d like to use up, and my understanding of the matter is elementary at best. Is this is as simple as investing in an ETF / stock / mutual fund that will generate income in a foreign country that withholds taxes before we see the net proceeds? Or am already in outer space with my question? (I’m perfectly comfortable researching / screening a bunch of investments within a specific category to decide exactly which to buy, I just don’t understand how to start looking for the right candidates). Is this strictly an “Ask your tax person question,” or is this a relatively straightforward scenario? \*\* On Schedule B, Form 1116, Line 8. ---
**Author:** ![JalopSpecial](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jalopspecial/32/92094_2.png) [@JalopSpecial](https://forum.leasehackr.com/u/JalopSpecial)\ **Post date:** [September 8, 2022, 8:25pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2285 "2022-09-08T20:25:17Z")
agree 100% ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [September 8, 2022, 8:26pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2286 "2022-09-08T20:26:45Z")
Loopholes are features of the tax code that benefit other people. ---
**Author:** ![Jrouleau426](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jrouleau426/32/195763_2.png) [@Jrouleau426](https://forum.leasehackr.com/u/Jrouleau426)\ **Post date:** [September 8, 2022, 8:42pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2287 "2022-09-08T20:42:19Z")
Can’t beat them join them eh? ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [September 8, 2022, 8:59pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2288 "2022-09-08T20:59:44Z")
Still don’t want any filthy children, even with the tax credit loophole. ---
**Author:** ![m3mike](https://leasehackr.b-cdn.net/letter_avatar/m3mike/32/5_5575768a8748004e209b776fc1b2916d.png) [@m3mike](https://forum.leasehackr.com/u/m3mike)\ **Post date:** [September 8, 2022, 9:06pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2289 "2022-09-08T21:06:55Z")
I’ve always lived by the ‘options’ approach. I think it is far more advantageous to have both taxable and non-taxable vehicles to draw from in retirement, and evaluate methodology at time of distribution. This sets you up for much more flexibility. Personally not a fan of crystal balling my future tax brackets or future tax code. ---
**Author:** ![Jrouleau426](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jrouleau426/32/195763_2.png) [@Jrouleau426](https://forum.leasehackr.com/u/Jrouleau426)\ **Post date:** [September 8, 2022, 9:20pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2290 "2022-09-08T21:20:36Z")
I haven’t been eligible for a credit since I started paying taxes. I Have no issues with people getting their taxes back. I have issues with people that don’t pay taxes or work getting credits though. ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [September 8, 2022, 9:24pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2291 "2022-09-08T21:24:54Z")
Everything else in my head right now would cause an inevitable downward spiral in this thread. So… may the Queen rest in peace. ---
**Author:** ![Jrouleau426](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jrouleau426/32/195763_2.png) [@Jrouleau426](https://forum.leasehackr.com/u/Jrouleau426)\ **Post date:** [September 8, 2022, 10:29pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2292 "2022-09-08T22:29:46Z")
She won’t freeze to death with the lower crust this winter that’s for sure. ---
**Author:** ![Littletuna](https://leasehackr.b-cdn.net/letter_avatar/littletuna/32/5_5575768a8748004e209b776fc1b2916d.png) [@Littletuna](https://forum.leasehackr.com/u/Littletuna)\ **Post date:** [September 8, 2022, 11:08pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2293 "2022-09-08T23:08:59Z")
I put all mine in metaverse real estate. ---
**Author:** ![Petrem](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/petrem/32/65654_2.png) [@Petrem](https://forum.leasehackr.com/u/Petrem)\ **Post date:** [September 9, 2022, 3:22am UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2294 "2022-09-09T03:22:36Z")
Perhaps naive, but a friend described retirement planning as “poverty insurance”. If you’re poor when you retire, you’ll be taxed less and will get less withheld from a pre-tax account. If you’re rich you won’t care / be impacted by the tax on your pre-tax account or by the money coming out of it. Not saying I agree but found this to be an interesting take. Not sure where that puts you if you’re neither rich nor poor when you retire ---
**Author:** ![anon21430667](https://leasehackr.b-cdn.net/letter_avatar/anon21430667/32/5_5575768a8748004e209b776fc1b2916d.png) [@anon21430667](https://forum.leasehackr.com/u/anon21430667)\ **Post date:** [September 9, 2022, 4:40am UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2295 "2022-09-09T04:40:44Z")
honestly ive been just putting more and more on boomer stuff like coca cola/att/mcdonalds/ibond and sofi bank for apy ---
**Author:** ![Pinhigh27](https://leasehackr.b-cdn.net/letter_avatar/pinhigh27/32/5_5575768a8748004e209b776fc1b2916d.png) [@Pinhigh27](https://forum.leasehackr.com/u/Pinhigh27)\ **Post date:** [September 9, 2022, 11:06am UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2296 "2022-09-09T11:06:13Z")
Strange take. You should always try to optimize things to minimize your tax burden. The way to do that is the main thing being debated. Everyone always cares about how much tax they pay. ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [September 9, 2022, 11:17am UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2297 "2022-09-09T11:17:33Z")
> [@anon21430667](#): > > sofi bank for apy I have accounts at SoFi also (same reason), but I saw this yesterday. > **[UFB Direct | High Interest Online Bank Accounts](https://www.ufbdirect.com/)** > > Enjoy high-yield savings and flexible online banking with UFB Direct. Secure your financial future with competitive rates and easy access to your money anytime, anywhere. ![image](https://leasehackr-assets.b-cdn.net/original/3X/7/5/75647c528d98912f9c68fdd8158b68502dd1e6ec.png) \*I had an account at UFB several years ago. \* I closed it because (at least at the time) they had no branches and didn’t accept deposits at any ATM in the USA… which would have been okay except they also had laughably small mobile deposit limits and the ACHs were slow.\* (They may have addressed some or all of this by now.) The asterisk leads here. The tiered-rate phrase is interesting, since all the tiers currently pay the same APY. 🙂 \*The Annual Percentage Yield (APY) is accurate as of 9/9/2022. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [September 12, 2022, 6:59pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2298 "2022-09-12T18:59:37Z")
![image](https://leasehackr-assets.b-cdn.net/original/3X/3/2/32f3a1a45b83d7fc171e9cf6e09fa7079483d7a5.jpeg) It could double, but it could also go to 0 where it belongs 🤷🏻‍♂️ Down 87% this year is some Cathie Wood-level achievement. Speaking of [https://www.barrons.com/articles/cathie-wood-car-prices-fed-51663004488](https://www.barrons.com/articles/cathie-wood-car-prices-fed-51663004488) > “This time around, thanks to ride-hailing, and soon less-expensive autonomous taxis, individuals are unlikely to prioritize auto debt payments over mortgage payments, which could turn backward-looking quant models upside down” added Wood. I don’t know about you, but I base all my decisions on backwards-looking quant models 🤦🏻‍♂️ ---
**Author:** ![m3mike](https://leasehackr.b-cdn.net/letter_avatar/m3mike/32/5_5575768a8748004e209b776fc1b2916d.png) [@m3mike](https://forum.leasehackr.com/u/m3mike)\ **Post date:** [September 12, 2022, 9:57pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2299 "2022-09-12T21:57:23Z")
Normally do the inverse of Cathie…but she may be getting this one right! ---
**Author:** ![Pinhigh27](https://leasehackr.b-cdn.net/letter_avatar/pinhigh27/32/5_5575768a8748004e209b776fc1b2916d.png) [@Pinhigh27](https://forum.leasehackr.com/u/Pinhigh27)\ **Post date:** [September 12, 2022, 10:50pm UTC](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760/2300 "2022-09-12T22:50:11Z")
Just like when she said oil was going to 12 bucks or whatever. Such delusion, borderline criminal [Previous page](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760.md?page=111) [Next page](https://forum.leasehackr.com/t/where-do-you-invest-your-money/68760.md?page=113)