Tower of Crypto keeps falling
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire
- Genesis Trading filed for bankruptcy protection after suffering crippling losses from the collapses of FTX and hedge fund Three Arrows Capital.
- Genesis is a part of Barry Silbert’s Digital Currency Group, which has seen mounting problems in recent months.
- Some of Genesis’ largest clients include Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins.
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.www.cnbc.com
nopeis there a mechanism i can't find to move a stock from a brokerage account into an IRA? i know i can just sell it and re-buy at the same price but i don't wanna pay taxes on that
Yep figured you would appreciate it.Lol, and if they lose that job they owe that $50k back within the transfer period or it becomes a withdrawal
And they have to liquidate in like kind the same amount of proceeds so they’re sitting the market out
And they pay loan origination fees
It’s fire, playing with fire
Yep figured you would appreciate it.
These same guys were talking about "real estate in the metaverse" now aren't talking about it so much lol.
Just make sure you stay on top of you only have one annual limit of $22,500 deferrals on 401K contributions.immediately their audience is identified, it's people who are so fucking clueless they don't realize they have an idle 401k at an old employer
or people who don't understand why their money is in a 401k somewhere, or what they should do
They aren't after you or me with that video
I just started a new client/role and it's W2, and they automatically enrolled me in their 401k program, I got my first paycheck today, and they took 3% out pre-tax and I still do not have any access or information for the 401k provider or plans available, so I can see how a lot of sheep may end up having a ton somewhere they don't even understand or realize
I get to do some fun math to figure out my withholding percentage so I can maximize the match and contribution, but no more- since I have two 401k's now, both with matching, one vested 100%, this one vested 0%
And still have my SEP-IRA, and my Roth, and my HSA to fund this year too
Just make sure you stay on top of you only have one annual limit of $22,500 deferrals on 401K contributions.
Cliffs = no matter how many jobs or how many 401K's you can only "Defer" $22,500 for 2023.