Jump to content

HRSchenker

Legacy Members
  • Posts

    2994
  • Joined

  • Last visited

Posts posted by HRSchenker

  1. 7 hours ago, TexArcher said:

    The point was that the IRA limit, for traditional or Roth, is $6k compared to the $19k limit for a 401k.  So "just do a Roth instead" doesn't quite work.

    And yes, a traditional IRA can be converted into a Roth, but all earnings are taxable immediately So it's not the same as starting with a Roth in the first place and getting tax-free earnings.  Even if you convert every single year, you're losing some of the benefit (and the compounding on that).

    Top statement is a fair point but the bolded is not true assuming you do the conversion correctly. I have never paid taxes on earnings from a traditional to roth conversion and I won't pay a dime once I get to withdraw (assuming current law stays the same but you just never know). If you know someone who is paying taxes on that then they are doing something very very wrong. 

  2. On 12/30/2019 at 11:31 AM, TexArcher said:

    Roths are great, but they have much lower contribution limits and some people make too much to qualify for a Roth at all.

    Roths only have limits for direct contributions. The income limits don't really apply to the totality of having a Roth IRA since you can max out a traditional IRA and roll the assets over. You only lose the ability to write off the contributions on your taxes.

  3. My wife is absolutely terrible with song lyrics. Case in point. I made the comment that Eminem is one of the greatest rappers of all time. Not THE greatest but one of the greatest. Just the way he flows and how complex his lyrics can get, it's something that you just don't hear today. She said "Eminem is also the first openly gay rapper so that's pretty cool". Uhhh what? She said that his song Cleanin Out My Closet was revolutionary. Uhhh yeah because he talked shit about his mom who was a pill popper and how he wanted to kill his ex wife. She sends me a link to the edited song (makes sense because she only heard this song on the radio) and shows me where he does it. I still can't believe this shit. This is what the lyrics said

    Quote

    What I did was stupid, no doubt it was dumb
    But the smartest shit I did was take them bullets outta that gun
    'Cause I'da killed him; shit I would've shot Kim and him both

    But because the radio censors songs for kids she heard

    Quote

    What I did was stupid, no doubt it was dumb
    But the smartest shit I did was take them bullets outta that gun
    'Cause I'da ****d him; **** I would've **** Kim and him both

    She thought Eminem was going to fuck his dad and Kim at the same time. But it doesn't end there. She also points out this

    Quote

    Remember when Ronnie died and you said you wished it was me?
    Well guess what, I am dead, dead to you as can be!

    She didn't hear "dead". She heard "gay".

    Quote

    Remember when Ronnie died and you said you wished it was me?
    Well guess what, I am gay, gay to you as can be!

    It doesn't even make sense in context! Oh son I wish you were dead instead of your other brother. Oh yeah mom? Well I'm gay.

    • Like 1
  4. 2 hours ago, Sbbruin said:

    No, it isn't.  Owning a house is not an inalienable right.  I get that there is an affordability crisis, but no, not everyone should own a home.

    I was just fine renting an apartment before I got married. Seeing these comments about feeling sorry for people who live in apartments is bizarre. If I never got married I'd probably live in an apartment for the rest of my life and be happy with it. Not sure why people want to force their hopes and dreams onto everyone else. Kind of sounds like Varsity Blues

    • Like 2
  5. 4 hours ago, TwiceHorn said:

    Absolutely.  We have created a monster of a consumer culture.  It's almost like a regressive tax.

     

    I'm old, and my parents were older still and products of the Depression.  My mother, in particular, was "tight as a tick."  As a result, I was taught to save and to kind of cost-benefit everything.

    Calling it a monster is putting it lightly. I got shredded for talking about this in another thread but it's so wild to me how our economy and job market is better than it has been in 60 years yet so many people in my generation are broke. People my age are taking out loans to buy $400 shoes, buying the new iPhone ever year, and renting in desirable places but barely making rent. You can't make those claims without being dismissed as "racist" or "boomer" either. 

    @Ghost of LL made some really good points. I grew up in a small town and was lucky enough to get out but there are a lot who stayed. One of the biggest mysteries I have yet to solve is the high number of people in small towns who cry about how they want to get out of their small town yet do everything in the power to make sure they stay. It's like openly desiring to be a safer driver but then removing your seat belt and smashing your front headlights. 

    • Like 1
  6. At this point there's no denying that Joe Biden is going to be the nominee. The House keeps delaying the articles of impeachment and this trial will probably last as long as the Clinton impeachment. It's a real possibility that Bernie and Warren will be in DC for the trial and miss the first 4 states. How much faith are those 2 willing to put into their street team? Will those efforts be enough to surpass Joe and whatever Bloomberg and Pete have ready for the campaign trail? I guess we'll have to wait and see.

  7. All of the Oscar nominations it got is going to force me to watch this. Kind of excited since international films don't often get this kind of recognition from the Academy so it must be good. 

  8. American Factory (2019)

    Saw it get a lot of buzz as a potential Academy Award nominee for Best Documentary and it lived up to the hype. Great story about a Chinese company who buys a shut down factory in Ohio and the story of how these 2 cultures collide. Lots of anti-union sentiment in the latter half of the movie but otherwise stays out of the way while we observe this community trying to forge a relationship with this company and their Chinese workers. Very enjoyable film. 

    • Like 1
  9. Emily Jones gets some grief from fans and I've noticed that 99% of it comes from older women. Do these stay at home mom, HOA president assholes not have anything better to do with their lives than criticize women their age that are more successful?

     

  10. 3 hours ago, Cap Hooked said:

    Absolutely a zero percent chance he gets anything back other then “Go back to school”

    Didn't stop LJ. Hopefully Sam realizes that with Yurcich as his OC his stock will go through the damn roof

×
×
  • Create New...