Earnings call
#301
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Within the 401k you can open a PCRA . Personal choice retirement account. Your contributions and spirits contributions can be steered into this account.
so instead of being limited to the 20+ choices the 401k allows you to chose from, within the PCRA you can buy whatever you want . Individual stocks, mutual funds, ETFs,
etc. and since it’s within the 401k it’s tax deferred. You can trade as much as you want.. buy and sell as often as you want. It’s tax deferred until you withdrawal it in retirement. I personally steer 35% of contributions into the PCRA, where I purchase stocks and mutual funds of my choosing .. call Schwab to set it up
so instead of being limited to the 20+ choices the 401k allows you to chose from, within the PCRA you can buy whatever you want . Individual stocks, mutual funds, ETFs,
etc. and since it’s within the 401k it’s tax deferred. You can trade as much as you want.. buy and sell as often as you want. It’s tax deferred until you withdrawal it in retirement. I personally steer 35% of contributions into the PCRA, where I purchase stocks and mutual funds of my choosing .. call Schwab to set it up
#304
Gets Weekends Off
Joined APC: Jul 2014
Posts: 261
Within the 401k you can open a PCRA . Personal choice retirement account. Your contributions and spirits contributions can be steered into this account.
so instead of being limited to the 20+ choices the 401k allows you to chose from, within the PCRA you can buy whatever you want . Individual stocks, mutual funds, ETFs,
etc. and since it’s within the 401k it’s tax deferred. You can trade as much as you want.. buy and sell as often as you want. It’s tax deferred until you withdrawal it in retirement. I personally steer 35% of contributions into the PCRA, where I purchase stocks and mutual funds of my choosing .. call Schwab to set it up
so instead of being limited to the 20+ choices the 401k allows you to chose from, within the PCRA you can buy whatever you want . Individual stocks, mutual funds, ETFs,
etc. and since it’s within the 401k it’s tax deferred. You can trade as much as you want.. buy and sell as often as you want. It’s tax deferred until you withdrawal it in retirement. I personally steer 35% of contributions into the PCRA, where I purchase stocks and mutual funds of my choosing .. call Schwab to set it up
#305
#306
Line Holder
Joined APC: Apr 2019
Posts: 56
Yes, I know what a PCRA is, I utilize it myself. But he said he doesn't have to pay taxes on his Spirit stock because its in a PCRA. I was asking if he was utilizing a Roth and contributing to the PCRA with post tax money. Because the point is, there is no such thing as "I don't have to pay taxes..." You will pay when you sell and take disbursements
#307
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Ok. "You will pay when you sell and take disbursement." Lets break that down lol. You dont pay when you sell because im closed out of all positions and just sitting on the cash. I will pay taxes when i retire in 20yrs and do the standard 401k withdrawal. So i dont pay taxes when i sell but do when i take disbursement. A person doesnt have to worry about capital gain taxes on how long you hold it in a 401k
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