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Unfortunately, I converted a large amount of money in early December 2021. So I paid taxes on the value of the money at that time. If I had a magic ball I would have waited till now to convert it. I don't think there's much I can do about that, however. Actually at the time I converted more than my advisor wanted me to. And then I were not on the same page we're talking about it. I asked about rolling part of it back, a procedure called recapitulation, but that is no longer allowed – I think they changed the rules 4 or 5 years ago. I wasn't as concerned as much with the tax on the extra money I converted, is that it put me over a threshold for Medicare premium payments. In one or two years (I'm not sure which) my medicare premiums will increase by about $400 per month for one year. That plus the taxes that I wouldn't have had to pay if I converted less money now made my self-imposed "penalty" about $8,000.
In< my view, If there are no new crypto highs in 2022 then it's a great accumulation opportunity. DCA, stack sats, take a long term view. & most importantly of all.…chill and trade ! The movement in the chart is primarily from market makers attacking and trapping liquidity. When the price drops, they are building a long position, and when the price moves up, the market makers are building their short positions. Very little of this has to do with bullish sentiment. It has to do with leveraged positions, and which liquidity ranges are exploited, liquidated, trapped, etc.. 99.9% of buyers do not have the financial means to actually move price. It is the market maker directing all of it. You could have billions of dollars long on BTC, and if the market makers wants to send it lower to trap those buy orders, he will. At this point in time, it has gotten to a stage where we should no longer be hodling our crypto assets like a movie and watches it dip, change that mind set and start trading your crypto assets. Though i used to be a hodler but Thanks to Mrs Stacy for helping me to change that mind set of just hodling alone instead of trading, with the way the market is going right now, i am still making more profits than ever because i trade while hodlers are complains here and there about how the market is dipping on daily basis cos they are losing. With the accurate trade signal and insight from Mrs Stacy Huth been copied in my trades so far, i have been able to day trade and amassed over 14.6 bc as dividend with an approximately 2.5 btc that i started with. Communicate with Mrs Stacy Huth via Telegram @coin_signal10 or What'sapp✙4917662729474 on how to make trades and stay profitable with her trading strategy
Why would I pay tax on my Roth IRA when I take it out if I’ve already paid the pretax while making a deposit? At least have some knowledge or at least some financial literacy! CNBC always puts clown on TV I’m thinking this channel is a circus
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how
Honestly, unless you’re some hedge fund… Don’t go doing anything outlandish with your portfolio. Nobody knows exactly wth is going to happen. History has shown pullbacks have always been buying opportunities.