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192
GreaterNYCDude
2025 Dec 7, 3:35pm
Tenpoundbass says
The last two places I've worked they offered a Roth 401(k) and I took advantage. 75% of my retirement income will be tax free. I just need to hold out to 59.5 to avoid crazy withdrawal penalties.
Your 401K payments when you retire, will be taxed, more than it would have been taxed in your weekly paycheck.
The last two places I've worked they offered a Roth 401(k) and I took advantage. 75% of my retirement income will be tax free. I just need to hold out to 59.5 to avoid crazy withdrawal penalties.
193
clambo
2025 Dec 7, 3:37pm
The gigantic US debt means that tax rates today are the lowest they will be in our lifetimes.
This is why I am converting some of my IRA to a Roth IRA. However, I'm not really that committed either way so I am converting $10,000 batches.
This is why I am converting some of my IRA to a Roth IRA. However, I'm not really that committed either way so I am converting $10,000 batches.
194
FortWayneHatesRealtors
2025 Dec 7, 6:48pm
clambo says
They won’t raise taxes imo, they’ll just inflate away.
The gigantic US debt means that tax rates today are the lowest they will be in our lifetimes.
This is why I am converting some of my IRA to a Roth IRA. However, I'm not really that committed either way so I am converting $10,000 batches.
They won’t raise taxes imo, they’ll just inflate away.
195
AD
2025 Dec 7, 6:51pm
AD
2025 Dec 7, 6:51pm
GreaterNYCDude says
Yeah, I was fortunate with federal civil service matching 5% for my "401K" plus a 1% per year annuity or pension. I took advantage of the full match of 5%.
You could use a SEPP for that.
"SEPP" is an acronym that most commonly stands for Substantially Equal Periodic Payments, an IRS rule allowing early, penalty-free withdrawals from retirement accounts.
The last two places I've worked they offered a Roth 401(k) and I took advantage. 75% of my retirement income will be tax free. I just need to hold out to 59.5 to avoid crazy withdrawal penalties.
Yeah, I was fortunate with federal civil service matching 5% for my "401K" plus a 1% per year annuity or pension. I took advantage of the full match of 5%.
You could use a SEPP for that.
"SEPP" is an acronym that most commonly stands for Substantially Equal Periodic Payments, an IRS rule allowing early, penalty-free withdrawals from retirement accounts.
196
gabbar
2025 Dec 8, 6:50am
gabbar
2025 Dec 8, 6:50am
WookieMan says
College makes rules, so they made it a requirement because English department faculty need to make money too. There are several departments in every school, college and university that are not required but still exist...this is how they have chosen to make money.
Not sure why it's a required course in college.
College makes rules, so they made it a requirement because English department faculty need to make money too. There are several departments in every school, college and university that are not required but still exist...this is how they have chosen to make money.
« First « Previous Comments 192 - 196 of 196 Search these comments
As interest rates rise, the math says that it's better if invest any spare cash rather than pay down debt, which is at a low fixed rate (house, student loan, small car loan). However, particularly with the mortgage, there is something to be said for the peace of mind of having it behind me and owning my home outright. I'm fully funding my 401(k), and have a six month emergency fund, but until now, any "free cash" beyond that, I've been diverting to the mortgage. As I sit right now, the goal is have it paid off in the next 5 to 7 years. With high yield savings paying about 4% right now, that's a 1% spread relative to my 3% mortgage.
As much as I could try to invest in the market 1) I'm not that good, and 2) the market has more or less peaked, and I don't see another major bull market given that we are seeing the end of the "everything bubble". Once I own the house free and clear, then I'll have plenty of "play money" to invest or whatever and hopefully catch the next upswing.