Recession and inverse yield


#82

Here, be aware of the new changes. I am on my way to the office. I don’t have time to arguments right now. :sweat_smile::sweat_smile::sweat_smile::sweat_smile:

All Together

2018 2019 Increase
Limit on employee contributions to 401k, 403b, or 457 plan $18,500 $19,000 $500
Limit on age 50+ catchup contributions to 401k, 403b, or 457 plan $6,000 $6,000 None
SIMPLE 401k or SIMPLE IRA contributions limit $12,500 $13,000 $500
SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit $3,000 $3,000 None
Highly Compensated Employee definition $120,000 $125,000 $5,000
Maximum annual additions to all defined contribution plans by the same employer $55,000 $56,000 $1,000
Traditional and Roth IRA contribution limit $5,500 $6,000 $500
Traditional and Roth IRA age 50+ catchup contribution limit $1,000 $1,000 None
Deductible IRA income limit, active participant in workplace retirement plan, single $63,000 – $73,000 $64,000 – $74,000 $1,000
Deductible IRA income limit, active participant in workplace retirement plan, married filing jointly $101,000 – $121,000 $103,000 – $123,000 $2,000
Deductible IRA income limit, spouse is active participant in workplace retirement plan $189,000 – $199,000 $193,000 – $203,000 $4,000
Roth IRA income limit, single $120,000 – $135,000 $122,000 – $137,000 $2,000
Roth IRA income limit, married filing jointly $189,000 – $199,000 $193,000 – $203,000 $4,000
FSA Contribution Limit $2,650 $2,700 $50

#83

:laughing::laughing::laughing::laughing::laughing: I love to give people a hard time. Specially when the lack of manners come to play.

Tonight, it was a prosperous night, the best in 30 years, a solar guy introduced me to 2 clients. Both are 39-45 yo. I got to roll over a $208K from a 401K into an annuity to avoid the 10% penalty, from there will do an immediate withdrawal of $40K per year to put into an IUL, so the taxes won’t increase their tax bracket. Then, open 4 IULs for their wives and sisters, 2 Worker’s comp audits from a chain of restaurants and furniture stores. Same 2 clients for the 10% tax deduction from gross income. Then an audit of both cost segregation, plus credits on hiring employees, plus deferring capital gains for 30 years on a property being sold for $3.5M. Then, solar panels, and energy saving programs for both businesses. Reduction of credit cards fees, there’s more as we discover their incomes and needs. Not bad for about $125K in commissions. :laughing:

I think I will retire after these deals. :smile::smile::smile::smile:

But, here I am, I lost track of the importance of numbers, I was discussing a $6K a year contribution, it is petty stuff. Not worth anybody’s nor my time. WTH was I thinking? :laughing:

I just wish good luck seeing the present crash of the stock market, about 1,500+ points lost in a few days, I hope you get a prosperous return in your investment. You will need the best of lucks, really!

I gave you above the scenarios of how to prepare for the retirement so your SS check doesn’t get taxed.
Use it or lose it.

The end.


#84

Yield curve steepened a little bit. 2/10 is now +20 bps. Was as low as +11 early this month. 2/5 is no longer inverted.


#85

1-2-3 year is now decidedly inversed. What can this mean? Will Fed start decrease rate in 2020 and 2021?

1-5 and 1-7 are also inverted.

It seems that Powell has made a mistake and overshot. He should stop here and no more rate increase for the next 10 years.


#86

FED won’t do anything about this simple yield curve inversion, but market needs to change, either make the yield curve up or break up like downturn…


#87

Almost inverted.

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