6051
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 22, 2020, 12:50:43 PM »
Is that an example or is that a tax system that only exists in your and Charlie’s imagination?
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6052
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 22, 2020, 12:37:32 PM »
Can you explain how a tax bracket could exist in a progressive tax system without marginal rates? Cause we’re talking about tax brackets.
6053
The New Joe Montgomery Birther Pit / 2020 presidential candidate 'crats
« on: February 22, 2020, 12:23:08 PM »
Like it’s incredibly simple how tax brackets work in the US. You’re acting like Charlie understands all the possible ways our tax code could be structured and yet has no clue how our incredibly simple system actually works.
6054
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 22, 2020, 12:22:14 PM »
Idk wtf you’re trying to say but you sound like a crazy person.
6055
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 22, 2020, 12:09:26 PM »
Charlie’s confusion is exactly about progressive tax brackets.
There is also the issue of total effective compensation being higher because health care costs would be zero, but Charlie is just being insincere about that part.
There is also the issue of total effective compensation being higher because health care costs would be zero, but Charlie is just being insincere about that part.
6056
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 22, 2020, 09:18:49 AM »
I saw a version of that on FB. Amazing that people believe it.
6057
The New Joe Montgomery Birther Pit / Re: Political Facebook Posts/Tweets From People
« on: February 22, 2020, 09:17:09 AM »
KSUW knows what he’s doing ITT
6058
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 21, 2020, 09:39:36 PM »Also black clergy are largely more aggressive with expressing their thoughts on the subject. The First United Methodist Church is about to split largely because of southern and African Methodist churches won't allow gay pastors or gay marriages in their churches.
this is going to shock the living crap out of you (not really) but almost all of the predominantly pasty ass white churches hate the crap out of homosexuals as well (your already mentioned Methodists and ELCA being a couple of the notable exceptions).
But they can’t just come out and SAY that
6059
The New Joe Montgomery Birther Pit / Re: Political Facebook Posts/Tweets From People
« on: February 21, 2020, 03:36:41 PM »
xpost LOL trump
6060
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 02:34:39 PM »Everyone's situation is different, but I'm completely against maxing out tax advantaged options. The amount I save for retirement is determined solely by maintaining standard of living. I will have more fun with extra money now than when I am retired. I have no doubt about that.
Also I doubt I will live long past retirement, or at least I hope I won't.
It's a fair mindset to have, but also a good reason to at least hit your yearly max on retirement accounts when you're younger. The money will grow exponentially, and you'll have a better shot at retiring at 59.5, which is probably quite a bit better than 65 or whatever if you want to enjoy yourself with some healthy years left.
6061
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 01:01:36 PM »
*unless the market is going to crash imminently
Even if you time a crash right, the gains you sacrificed waiting for the crash to happen could end up wiping out the ones you cash in on if you were waiting long enough
Even if you time a crash right, the gains you sacrificed waiting for the crash to happen could end up wiping out the ones you cash in on if you were waiting long enough
6062
The New Joe Montgomery Birther Pit / Re: Trump owns Russia
« on: February 21, 2020, 12:47:25 PM »Ooo I love these games. Dax - if they do uncover any phone intercepts or SIGINT to back it up, would you agree Russia wants Trump re-elected?
Why would Vlad Putin not want the commies and their Green New Deal Elected? They'll wipe out all of his competition for his oil and natural gas.
Oh, so you're saying Russia actually wants the Dems to win! He's just pretending to be helping Trump? Double cross?!
Divide the U.S. politically, ensure the whatever the current administration is, that they spend all their time fending off attacks from the opposition, consistently find ways to infuse false information that somehow the administration is not legitimate rinse and repeat.
Someday the Useful Idiots will understand that many of these mechanisms began after the election was over.
I guess the question is do you think Trump acted quickly enough to fire the well-regarded DNI in this case to mitigate the risk of political division?
6063
The New Joe Montgomery Birther Pit / Re: Political Facebook Posts/Tweets From People
« on: February 21, 2020, 11:50:07 AM »
Isn’t that like the massive farm subsidies Comrade Trump has been issuing? Those seem to be working out fine.
6064
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 21, 2020, 11:47:33 AM »
His ads are also mostly just anti-Trump so the message works regardless.
6065
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 21, 2020, 11:44:58 AM »
I don’t actually think that, but it’s not insane either. It’s not throwing money away if Bloomberg actually wants Warren or Sanders elected. It would be like making a campaign contribution but avoiding the cap.
Even if he threw away $1 billion, Bloomberg would still have more money than he knew what to do with.
Even if he threw away $1 billion, Bloomberg would still have more money than he knew what to do with.
6066
The New Joe Montgomery Birther Pit / Re: Trump owns Russia
« on: February 21, 2020, 11:29:19 AM »
Ooo I love these games. Dax - if they do uncover any phone intercepts or SIGINT to back it up, would you agree Russia wants Trump re-elected?
6067
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 21, 2020, 10:26:05 AM »
With how poorly he did at the debate I’m wondering if Bloomberg is making his run in lieu of donating to the Sanders or Warren campaigns.
6068
Essentially Flyertalk / New To Investing Thread
« on: February 21, 2020, 10:07:06 AM »
I think a house in an overpriced market generally sucks -AS- an investment, but it’s not like you’re avoiding that much in expenses by renting in an overpriced market instead of buying. Rent is basically just mortgage + passing along the taxes, insurance, and maintenance.
Still, SD’s point is a good one. There are transactional costs with buying and selling, and if you think there’s a good chance of moving in a few years it might not be a great idea. I’m sure California has pretty bad property taxes too.
Still, SD’s point is a good one. There are transactional costs with buying and selling, and if you think there’s a good chance of moving in a few years it might not be a great idea. I’m sure California has pretty bad property taxes too.
6069
Essentially Flyertalk / New To Investing Thread
« on: February 21, 2020, 09:49:38 AM »
I haven’t used them, but I assume financial advisors are good for looking at your entire financial picture and help you plan toward specific goals. You kinda have to figure out what those goals are either way, though. And if you find yourself with excess cash after finances, donations, savings, and retirement planning, then you probably don’t really need an advisor.
6070
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 07:56:43 AM »Don’t pay some advisor. You’ll get the same quality of advice here. You blowing out some 529s after maxing out the tax deferred retirement plans? You want to wild out and backdoor a Roth before some lib gets in and shuts down that option?
Sent from my iPhone using Tapatalk
I don't know which to do which is the point!!!
The common wisdom is to prioritize retirement accounts over kids' college. The main reason is that your retirement accounts do not typically count against them for purposes of financial aid, but 529s do.
6071
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 07:36:50 AM »if you subscribe to the sd kk newsletter text message chain you'd know there were high level insider wallstreet types that are already making some moves to protect their assets from the inevitable bernie sanders driven market collapse.
Would like to know the super secret strategies. Although I don't wanna mess with trying to time the market.
6072
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 07:28:31 AM »I'm thinking about hiring a financial advisor. Fee based fiduciary. Should I?
We've pretty much maxed out our annual retirement investments and just paid off big student loans and aren't sure if it would be a good idea to try to save for a down payment on a stupid million dollar house in the Bay or do something else with the excess. Or should I just make myself spend the time to figure it out myself
SD is right, and navigating these accounts is a little passion of mine. Here are the accounts I would make sure to take advantage of before using a regular taxable account or just fun money (more or less in order of priority):
1. HSA [$7k max for family plans]
2. Pre-tax 401(k) (or Roth 401(k) depending on income) [$19k max]
3. Post-tax 401(k) (if your employer offers it) (this is different than a Roth) [additional $38k above the $19k I think?]
4. IRA (or Roth IRA depending on income) [$6k]
5. 529 for the kids (if applicable) [$300k total max (don't do that much); careful about gift tax junk which kicks in after like $13k/year]
6. Some kind of low-risk safety net (money you can use for big unexpected expenses--I'd keep it in a low risk/bond heavy portfolio rather than high interest checking, but not a huge difference)
#3 and #4 can be backdoored into a Roth IRA with very little consequences. If your employer offers Post-tax 401(k) AND in-plan Roth conversions you definitely need to take advantage of it. Like SD said, if you make too much to contribute to a Roth IRA directly, just contribute to a regular IRA and then immediately convert it. It's a stupid rule, but the IRA and Congress have blessed this as pretty much totally legit, so any of the major account providers give you simple instructions for doing the conversion.
After those accounts, it's really just a personal preference thing. I want to retire when I'm still healthy enough to do fun things, so a lot of my excess goes into a regular investment account for that purpose. But I don't fault anyone who would rather plan on a comfortable 60-65 year retirement and just have fun with what is left.
6073
Essentially Flyertalk / Re: New To Investing Thread
« on: February 21, 2020, 07:11:10 AM »So I've crunched at the numbers and my Vanguard funds are outperforming my stuff in Betterment after a couple of years. Not by much, but enough to make me feel like I don't need to pay the .25% management fee on everything I invest.
Anyone have advice on Vanguard funds? I think I found some that I like, just still don't really understand how much I should worry about diversifying when it comes to index funds. Right now I'm mostly in VXUS, VTI, VOO, and VIMAX, FWIW.
Depends on how much and what it's for. I mean vanguard's target index funds basically do what betterment does at a lower expense ratio. My company uses Betterment for our 401k and it seems like a rip off.
Betterment has some tools I really like, so I’m not ditching it entirely. Just hoping to come up with a game plan of an asset mix I like for DIY investing. I’m hoping to be able to start relying on investment gains as my main source of income in about 15 years or so, so I think I need to start focusing more on bonds (been 100% stocks up to this point).
6074
Essentially Flyertalk / Re: New To Investing Thread
« on: February 20, 2020, 11:07:42 PM »
So I've crunched at the numbers and my Vanguard funds are outperforming my stuff in Betterment after a couple of years. Not by much, but enough to make me feel like I don't need to pay the .25% management fee on everything I invest.
Anyone have advice on Vanguard funds? I think I found some that I like, just still don't really understand how much I should worry about diversifying when it comes to index funds. Right now I'm mostly in VXUS, VTI, VOO, and VIMAX, FWIW.
Anyone have advice on Vanguard funds? I think I found some that I like, just still don't really understand how much I should worry about diversifying when it comes to index funds. Right now I'm mostly in VXUS, VTI, VOO, and VIMAX, FWIW.
6075
The New Joe Montgomery Birther Pit / Re: 2020 presidential candidate 'crats
« on: February 20, 2020, 10:58:38 PM »
"I loved the song Suzanne. I am going to have to give you a second warning because of the group participation, but very well done."