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%Begin Should 401 k and IRA savers take the plunge right now Article_Normal - Retirement HEAD TOPICS
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The Vanguard Total World Stock ETF VT, +2.08%, a low-cost, broadly-based index fund that tracks the world’s developed and emerging stock markets, is down by 23% since the start of the year.This pretty much matches the doom-laden headlines we read every day, as yet another honcho predicts the end of the world. Read more:
MarketWatch » Retirement contribution limits for 2023 jump by record amount IRS raises 401(k) contribution limit by record amount as inflation rages IRS increases 401(k), IRA contribution limits for inflation Here’s how much you can put into your 401(k) or IRA next year
MarketWatch » Retirement contribution limits for 2023 jump by record amount IRS raises 401(k) contribution limit by record amount as inflation rages IRS increases 401(k), IRA contribution limits for inflation Here’s how much you can put into your 401(k) or IRA next year
High school senior Bella Rasmussen becomes first girl to score two touchdowns in one game
Bella Rasmussen, an 18-year-old running back for Laguna Beach (California) High School, became the first girl to score two touchdowns in a game. Read more >> BrettArends lol, most people are reducing contributions because raises are not keeping up with inflation.
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BrettArends 10 years. Oh my
Retirement contribution limits for 2023 jump by record amountThe Internal Revenue Service released the maximum annual contributions to 401(k) and similar retirement accounts along with individual retirement accounts, or IRAs.
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The increases are the largest since 2007 when inflation-adjusted limits were enacted. IRS raises 401(k) contribution limit by record amount as inflation ragesContribution maximums for 401(k)s and IRAs are increasing in 2023, the IRS announced Friday, meaning Americans can stow away more money for retirement.
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This helps the rich only. That way they can steal more.
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My 401 is DOWN thanks to this FAILED ADMINISTRATION! IRS increases 401(k), IRA contribution limits for inflationStarting next year, Americans can contribute up to $22,500 into 401(k), 403(b) and most 457 plans — $2,000 more than the current $20,500 contribution limit, the IRS announced Friday. That would be great if inflation hadn’t ensured that we are living paycheck to paycheck with no room for savings.
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Here’s how much you can put into your 401(k) or IRA next yearThe changes, announced by the IRS Friday, make it easier for retirement savers who use these types of tax-advantaged plans to set aside more of their income... Inflation Causes IRS to Raise 2023 Contribution Limits for 401(k)s, IRAsThe employee contribution limit for 401(k)s will jump to $22,500 for 2023, the largest increase ever due to inflation adjustments look at my boobs😘 This has NOTHING to do with 'inflation adjustments' and EVERYTHING to do with forcing sheeple/normies to hold the bags of the Greatest Ponzi Scam in history so the elites can walk away unscathed. TruthBomb A semi bailout for Wall Street.
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Unprecedented 401(k) boost: IRS increases amount you can save for retirement in 2023 CNN BusinessThe IRS has announced a record increase in the amount of money people can contribute to their 401(k)s and other tax-deferred retirement plans next year
This is a great moment to think about raising your 401(k) contributions, making your 2022 IRA contribution, or hiking your current retirement plan’s allocation to stocks.October 21, 2022, 11:05 PM · 4 min read Americans can sock away much more money next year in their retirement accounts — thanks to higher prices.Fed unlikely to ‘slow down’ if inflation rates do not respond soon: Kenny Polcari SlateStone Wealth chief market strategist Kenny Polcari surveys the U.Axios on linkedin Axios on email The IRS announced Friday that Americans can contribute more to retirement accounts. Really, you may say?
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In a meltdown like this? The simple response is: Yes, exactly.
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The latest “global fund manager” survey from BofA Securities confirms what even a casual glance at the financial news should already have made clear: Markets have already fallen so far, and so many investors have already bailed, that future returns over the next 5 to 10 years or more are highly likely to be pretty good. The increases are the largest since 2007 when inflation-adjusted limits were enacted.
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Read: Fund managers ‘scream capitulation’ as cash levels rise to highest in 21 years, Bank of America says In other words, over the sort of time horizon that matters for ordinary people who are tucking money away for a retirement that may be one, two or even more decades into the future.’ The IRS on Friday raised the amount that Americans can set aside for retirement in their 401(k) and other tax-deferred plans next year. The Vanguard Total World Stock ETF VT, +2. "The big news here is the amounts that can be contributed to retirement plans," Lisa Featherngill, national director of wealth planning at Comerica Bank, told Yahoo Money.08%, a low-cost, broadly-based index fund that tracks the world’s developed and emerging stock markets, is down by 23% since the start of the year.
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Why it matters: With the cost-of-living adjustments, Americans will be able to save more money for retirement, which in many cases will lower their income tax. The latest survey of worldwide professional money managers “screams macro capitulation, investor capitulation, start of policy capitulation,” reports Bank of America.
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Although the funds are taxed when withdrawn, the compounding of the enhanced (tax-deferred) rate of return can mean significantly higher balances than taxable accounts with the same investments. The IRS makes such cost-of-living adjustments annually, but in times of painfully high inflation, the increases are more significant and impactful for taxpayers. Managers are holding the highest levels of cash and equivalents (such as Treasury bills) since early 2001, while their investment levels in global stock markets are now “three standard deviations” below the averages of the last 20 years—a statistical measure meaning really, really low. Their least favored markets are London (no surprise) and the eurozone (ditto), and their least favored stock market sectors include real-estate investment trusts, banks, telecoms companies and consumer staples.
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(Photo: Getty Creative) Contribution increases Workers who have a 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan can contribute up to $22,500 next year, up from $20,500. This pretty much matches the doom-laden headlines we read every day, as yet another honcho predicts the end of the world. Core prices, excluding gasoline and food, jumped by 6.
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Meanwhile the Investment Company Institute, the trade association for the mutual-fund industry, reports that ordinary investors have been cashing out of their stock market mutual funds and exchange-traded funds all summer.7% increase. We already know that, historically, you’ve done pretty well if you’ve just bought stocks when everyone else was selling (and sold when everyone else was buying). We saw similar levels of gloom, doom, misery and panic during the 2000-3 bear market and the global financial crisis of 2007-9.
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In total, workers who are 50 and older can contribute up to $30,000, starting in 2023.5% — who contribute to a retirement account hit the maximum in 2018, according to a Congressional Research Service. How far are we into this?
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How much lower will things go? Nobody knows.
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But the further you are from the markets, and the less you are actively trading, the less you should care.3%. Stocks fell about 50% overall during 2000-3 and 2007-9, and, yes, it is perfectly possible they will do so again. That would imply a further fall of about a third from current levels.
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For those who participate in SIMPLE plans — which provide small employers with a way to contribute toward their employees' and their own retirement savings — the maximum amount individuals can contribute is $15,500, up from $14,000. So anyone thinking in terms of weeks, months or even a couple of years might reasonably stay clear. Money manager John Hussman warns that the S&P 500 SPY, +2.
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Story continues "For people who have had an increase in pay recently — either by switching jobs, getting a promotion or a bonus — this could be a good opportunity to put more of that income away for their future retirement," Kelly LaVigne, vice president of consumer insights at Allianz Life, told Yahoo Money.43% would have to fall by about two-thirds from its start of the year peak just to achieve “historically run-of-the-mill valuations.” But how much should that really matter to long-term investors? For example during the 2000-3 bear market we’d reached this stage—a 25% decline from the peak—by March 2001." New income thresholds for IRAs Individuals can only contribute to Roth IRAs if they meet certain income conditions.
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If you’d bought stocks then hoping for happy days you were way too early: Stocks would continue sliding for another two years, helped by the long lead up to the Iraq war. But…if you’d bought a global stock market index fund in March 2001 and then just forgotten about it within five years you’d have made a 44% return, and over 10 years 66%.
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Here are the phase-out ranges for next year. It was a similar story in the global financial crisis. We reached today’s stage, a 25% decline, by the end of September 2008, just after Lehman Brothers imploded.
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Janna is the personal finance editor for Yahoo Money. Once again, anyone who bought a global stock index fund then was also way too early: Markets carried on falling for nearly six more months. On the other hand, someone who’d bought a global stock index fund then and forgot about it would have made 56% over the next five years and more than doubled their money—a gain of 123%—over 10 years.
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To believe that stocks now represent a bad long-term investment—meaning over the next 10 years or so—you have to make some pretty strong pessimistic assumptions. This is especially true when you look at U.S. value stocks, non-U.
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S. stocks, and (maybe most of all) non-U.
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The Vanguard FTSE All-World ex-U. S. ETF VEU, +1.67% has risen a princely 3% over the past decade.
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Not per year, but total. Even measured in sinking currencies like euros it has risen barely a third. In euros it’s back to where it was in 2007.
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In U.S. dollars, which is what U.S.
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investors pay, it is off by a third from its 2007 peak. Actually, European stock indexes overall have barely risen since the late 1990s.
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Last year market guru and hedge fund honcho Cliff Asness calculated that the extraordinary outperformance of U.S. stocks over recent decades was less to do with their superior underlying performance, and more to do with them simply becoming more expensive.
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This was especially true of glamorous U.S. tech and “growth” stocks—the ones which have spent most of the last year imploding. Meanwhile strategists at SG Securities calculate that non-U.
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S. stock markets overall now trade on a pretty cheap rating of just 11 times forecast earnings per share—fully a third cheaper than the U.S., on 16 times.
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According to FactSet, Japanese stocks are now about as cheap in relation to earnings as they were during the depths of the 2007-9 crash and the 2020 Covid crash. South Korean stocks are selling for less than 10 times forecast earnings.
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BlackRock says the stocks held by its iShares International Value ETF IVLU, +1.83% now sell an average of less than 8 times the most recent annual per-share earnings. That is historically very cheap. None of this means anything about the next week, month or even year.
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But the longer the horizon, the more appealing these markets look. .
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