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2017-09-10 at 8:06 PM UTC in Grab the Lube...Irma Is coming...and Shes Wearin' Her Best CodpieceThe following users say it would be alright if the author of this post didn't die in a fire!
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2017-08-23 at 12:48 AM UTC in Y'all bean a tough crowd latelyTrying to apply philosophy to a cringe forumThe following users say it would be alright if the author of this post didn't die in a fire!
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2017-09-04 at 3:28 PM UTC in I Cant See Underneath My Tits.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-09-04 at 2:13 AM UTC in Ever notice how...The following users say it would be alright if the author of this post didn't die in a fire!
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2017-09-04 at 1:32 AM UTC in Ever notice how...It's because they have tits. Well, maybe not the chicks that you go after.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-08-30 at 12:02 AM UTC in It's still the same fucking threadsOh look, it's this thread again.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-08-23 at 2:33 AM UTC in Tell me a sad story.It's not the saddest one I know, but here's a sad story.
http://www.smh.com.au/good-weekend/a-survivor-of-a-paedophile-ring-tells-her-story-20140918-10eno2.htmlThe following users say it would be alright if the author of this post didn't die in a fire! -
2017-08-05 at 3:24 PM UTC in Any of you gonts here own a suit?Yes.
By the way, polos and neck ties do not mix.The following users say it would be alright if the author of this post didn't die in a fire! -
2017-08-04 at 1:21 PM UTC in Anyone interested?
Originally posted by Lanny What are your thoughts on a roth IRA in addition to a matched 401k?
Originally posted by Lanny I mean in terms of tax efficiency vs. the penalties of early withdrawal. Like personal investment vs. a roth ira.
I think they are both great to have.
This is the order in which I would contribute: 401(k) up to the match, then Roth IRA up to the max, then back to the 401(k) up to the max, then taxable accounts if you can do even more. If you Can max out the first two accounts, you would be contributing $23,500 per tax year, which is awesome. You would easily be a millionaire by the time you retire. Here's why I would use that order.
A 401(k) match is free money. If you get a 100% match, there is no investment vehicle that will get you that rate of return right off the bat. To describe the Roth IRA, we can approach your other questions about it.
With a 401(k), your contributions are tax-deferred. This means that you can deduct the amount of your contributions from your taxable income. So if you are in, say, a 25% tax bracket and you contribute $10,000 to your 401(k), then that's $2,500 you don't have to pay to the tax man. At least not until you withdraw the money. The idea is that you can use the $2,500 you saved in taxes to invest more throughout the year than you would have otherwise. So, your money grows tax-deferred, but when you take it out, everything is taxed... including all the growth in your account (compounding rate of returns). Over a working career, more of your account balance will be growth on the principal, so keep that in mind.
With a Roth IRA, you pay taxes up front on your contributions, but then that's it. All of your growth is tax-free. So when you withdraw your money, of which the majority is growth on the principal, you won't have to pay any taxes. You already paid taxes when you contributed and the rest is not taxed. Let that sink in.
Now let's mention max contribution levels, early withdrawal penalties, and required minimum distributions (RMD). For 2017, you can contribute up to $18,000 per year to your 401(k) if you are under age 50 and up to $5,500 to your IRA (Roth or traditional) if you are under age 50. If you are 50 or older, you can make catch-up contributions of up to $24,000 for your 401(k) and up to $6,500 in your IRA. These limits will likely increase in 2018.
Early withdrawal penalties. If you make a withdrawal from your 401(k) before age 59 1/2, you get hit with a 10% federal tax penalty plus whatever tax bracket you're in (it gets treated as income). There are some hardship withdrawal exceptions such as becoming totally disabled or having medical debt up to your eyeballs, but employers don't have to honor those exceptions. I forgot to mention, a 401(k) is an employer sponsored retirement plan. For a Roth IRA, you can withdraw your contributions anytime because you've already paid taxes on it. However, you would be hit with the 10% penalty if you withdraw any earnings before age 59 1/2. There are some exceptions, but it's best to not do it. It becomes a hassle if you're audited by the IRS.
Lastly, 401(k) accounts have required minimum distributions at age 70 1/2 (along with traditional IRAs) and Roth IRAs do not. This is because the tax man wants his cut, so they force you to take distributions on tax-deferred money so they can get it. Remember, Roth IRAs are not taxable, so they don't care about that.
To maximize tax efficiency, I would make withdrawals first from taxable accounts because contributions have been taxed, then from tax-deferred accounts like 401(k)s because your tax burden will be greater than that from a taxable account (think contributions), then from a Roth IRA. Let that Roth grow as long as you can before touching it. Tax-free growth truly is a gem.
So, other than the facts here, this is all my opinion and not financial advise. Let me know if you disagree or have other thoughts.The following users say it would be alright if the author of this post didn't die in a fire! -
2017-08-02 at 12:52 AM UTC in Stop using youtubeDo you feel like you're submitting something to a serious publication when you post here?The following users say it would be alright if the author of this post didn't die in a fire!
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2017-07-25 at 12:41 AM UTC in Impliment some moderationNo mods no managers. This place is not meant to shape up. The sooner you accept this, the better your experience will be.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-07-02 at 1:36 PM UTC in women look so much better when they're really sadsultry =/= sadThe following users say it would be alright if the author of this post didn't die in a fire!
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2017-06-05 at 5:29 PM UTC in I wonder if we entertain any lurkersYou entertain me, though I'm not a true lurker (as in, I'm not unregistered). I consider myself to be more of a reserved contributor.
The following users say it would be alright if the author of this post didn't die in a fire! -
2017-05-27 at 2:40 AM UTC in The dargo "apology"This thread almost makes me feel bad for Bill Krozby, which isn't supposed to happen. I feel so conflicted.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-05-22 at 4:59 AM UTC in Are you happy with your life?My life is pretty great right now, which makes me suspicious of things to come.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-05-15 at 3:02 AM UTC in BBCode RefrenceLanny. Your link to your BBCode Reference page is missing an "e" in the link displayed text, so it says BBCode Refrence. Might be intentional. If it is, I would add an "e". If it's not, I would add an "e".
.02The following users say it would be alright if the author of this post didn't die in a fire! -
2017-05-12 at 3:46 PM UTC in Clones got you down? Fear no more (maybe)The following users say it would be alright if the author of this post didn't die in a fire!
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2017-05-08 at 4:55 PM UTC in What musical instruments do you play?Dupe thread, though it was derailed by RisiR and this thread is much better.
https://niggasin.space/thread/9915
My response from there:
Excellent on drums and other percussive instruments. Though it sounds nerdy, I enjoyed band in school. Tenor drums in marching band, everything else in symphonic band. I tended to gravitate towards the timpani and snare, but enjoyed other things. I was decent at marimba/xylophone/etc. after I memorized the music, but I have room to improve in sight reading. I can sight read easily for the other percussion instruments, but melodic instruments took me a little longer to get the notes down. I had a drum set for several years that I enjoyed, but I no longer have it.
Piano, same as above. Proficient after memorizing the music, which is why I mainly play by ear.
Average on bass, though again, by ear or by tabs. Rudimentary on guitar. I have a few basic songs (by ear or originals), but lots of room to improve on technique and sight reading. I cheat with power chords and drop-D tuning.
I also dabbled a bit on the recorder in my young years. -
2017-05-08 at 5:27 PM UTC in Feeling superior is such a frontI often like to play devil's advocate in a debate, at least for a short while, not to be right or difficult, but to ensure all angles are considered. I'll provide my insight and opinion when necessary, but I like to probe and ask questions to learn more about the topic and about how the other parties feel.The following users say it would be alright if the author of this post didn't die in a fire!
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2017-05-07 at 1:54 AM UTC in haha this site
