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Gatorubet

Certifiably Surly
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Everything posted by Gatorubet

  1. I guess one of the things you should consider is how long you will be holding the Roth until you retire. It’s great that after five year you can withdraw money tax free - but your conversion from your IRA or 401(k) will be taxed as your present income tax rate, no ? If you let it sit in your standard IRA when you pull it out, you’ll be taxed on your then current income, whatever the hell that is. For a lot of people, they will be in a much lower tax rate after they retire than the tax rate when they converted to the Roth. if you are a savvy, successful investor, it seems that the money growing tax-free in your Roth could offset that tax rate differential if you do great in your Roth and then eventually take the whole thing out tax-free. And then there is that thing where you have to figure out how much of the assets converted from your old IRA was original funds put in the IRA versus the profits and interest you earned in that IRA overtime. I think it’s best to convert your IRA to a Roth as soon as you put it in your IRA so that becomes an easy taxable calculation. Which is all to say I know enough about it to know that I don’t know anything about it. I’m currently putting 8000 in an IRA and immediately converting it to my Roth for the easy math. Also, because at my income level, I’m not allowed to contribute to a Roth, absent the conversion. I believe each conversion you have to wait five years to pull it out tax-free. As an older cancer survivor I’m putting money in my Roth because I’m optimistic that I will be taking it out 5 to 10 years from now. Financial glass half full so to speak. Now that we are in the age of AI and AI software, it seems possible that you can get a hell of a lot of fantastic advice (that you need to check, to be sure) without paying some schmo to tell you some basic facts that you can figure out on your own. My very best advice on financial matters is not to listen to me because I’m an idiot who knows nothing.
  2. Oh, she always does that.
  3. He does have that perfect combination of extreme gullibility, unquestioned certainty and self-induced factual ignorance from his limited sources that can be entertaining. Admiring one of the worst human beings on earth - and maybe the worst Texas politician (until the newest ones arrived) is certainly some kind of statement about something.
  4. Wait! She does not in fact wear pantsuits made of dead nun skin?
  5. No, it’s not. The Circle of Wise Ones has ruled that your life is now forfeit because of your heresy. Praise be IBRX!
  6. at least we’re not the poor souls who bought that in the $30s
  7. Maybe it was “sell to crackers..” …as in, “to grift”
  8. is that like Aggy’s fighting chance to win the SEC?
  9. I guess with no funding NPR radio could just play this on an endless loop comes the spark. If any of you are American Revolutionary War history fans, you should be familiar with the Battle of Kings Mountain and how the militia responded to “Tarleton‘s Quarter”.
  10. A nice 10 pound weight loss, and yet…
  11. Twinsies. MRI and local surgeon said metastasized cancer in three places on my liver. My oncologist said those are hemangiomas. so I went to MDA. MDA did a needle biopsy while getting me ready for surgery to remove the tumors from my liver when it turned out they could find no cancer. Whomp whomp local surgeon.
  12. Great Sports has left the chat
  13. I guess the ”great” sports is subject to wide interpretation. Nor did my initial post suggest a limit of one possible remaining school. But, I do have a fondness for U Dub now that you bring it up.
  14. Meanwhile, in the Arkansas whites only conclave, sooiee pig stuff
  15. True. I bet her new suitors are amazed at how healthy she is. “American woman has all teeth and belly not too distended.. Only three childs…..can have 6 or 7 more.”
  16. Auto-bid is as auto-bid does. My chance of getting in Florida now with the grades I had then would be <check notes > approximately zero. Big prestigious state university with great sports? Does your kid enjoy burning couches?
  17. You’re just upset because 50 years from now people will be looking at the Mount Rushmore carvings and wondering why Trump’s head is damaged by so many drone hits, and how strikingly perfect the artists got Senator Collins’ furrowed brow.
  18. It was whispered (in Tagalog) into Raydog’s ear by a 15 year old Filipino sex worker with webbed feet and a penchant for buggery. Raydog then assigned a physics symbol to every Tagalog letter, and revealed the proof that the brother doesn’t exist in the second edition of his work. If you believe drunken Jimmy anyway…
  19. I used to worry because I was conflicted between buying more fentanyl or coffee. Now that coffee is becoming unaffordable, I have much less stress. Bless you, President Trump.
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