
Newgene
Favorite team: | LSU ![]() |
Location: | Waveland, MS |
Biography: | |
Interests: | |
Occupation: | |
Number of Posts: | 7270 |
Registered on: | 11/23/2005 |
Online Status: | Not Online |
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re: Increase in FICA limit over the past decade
Posted by Newgene on 3/8/25 at 9:46 am
Would make sense if it were the same as the COLA for recipients. However, the limit is outpacing COLA in an attempt to justify "fixing" the system.
re: What to do once cars are paid off?
Posted by Newgene on 2/7/25 at 12:20 am
Any chance your employer will let you do an in-plan Roth conversion in your 401k, and let you contribute after tax dollars? This lets you contribute to a Roth past the $23,500 before tax limit.
re: Biden Moves to Permanently Ban Offshore Oil and Gas Drilling
Posted by Newgene on 1/3/25 at 8:13 am
I'm just glad Americans are starting to see the corruption. The last election renewed my faith in the common sense of most people. He is too cognitively impaired to run for office again, and he no longer can even speak in public, but he's signing pardons and executive orders. Corruption is as corruption does.
re: Company sponsored ROTH vs. 401k
Posted by Newgene on 12/27/24 at 11:15 am
A commonly overlooked factor in the traditional vs Roth discussion is state tax, in relation to where you currently live vs retirement destination. For example, if you currently work in TX, but plan to retire in LA, you may want to choose 100% Roth. Often people go the other direction because they work or claim residency in the taxing state, but it's definitely something to consider particularly on this board. To note, unless it's a federal pension, LA hits retirement pay the same as current income. Neighboring states like TX and MS have no tax on retirement funds. A good example option would be to work and reside in TX and fully fund Roth without paying state tax, and then retire in LA where you take all your Roth funds out tax free.
Another side benefit of Roth vs traditional is you can effectively save more for retirement in the Roth, if you want to maximize the annual savings limit. In the traditional case, your $23k annual tax free savings grows and then gets taxed and reduced downward from the final value. In the Roth case, you start with a number greater than $23k that gets reduced down to $23k added to savings each year. From there, your balance grows and is never reduced. In the example of a 25% effective tax rate, you would have a pile that is 33% greater in the Roth.
Again, you still have the base premise/estimate of what tax bracket you'll be in prior and post retirement.
Another side benefit of Roth vs traditional is you can effectively save more for retirement in the Roth, if you want to maximize the annual savings limit. In the traditional case, your $23k annual tax free savings grows and then gets taxed and reduced downward from the final value. In the Roth case, you start with a number greater than $23k that gets reduced down to $23k added to savings each year. From there, your balance grows and is never reduced. In the example of a 25% effective tax rate, you would have a pile that is 33% greater in the Roth.
Again, you still have the base premise/estimate of what tax bracket you'll be in prior and post retirement.
re: Trump is 15 million richer
Posted by Newgene on 12/14/24 at 3:06 pm
"Trump is also suing CBS News for $10 billion in damages, stating the network practiced "deceptive conduct" for the purpose of election interference in its interview in October with Vice President Kamala Harris."
I hope he wins that one. Would be fantastic.
I hope he wins that one. Would be fantastic.
re: The FEMA scumbag that told others to avoid Trump houses is named Marn’i Washington
Posted by Newgene on 11/9/24 at 12:37 pm
The writing on the org chart reeks of pure federal government. To use all caps, you need to learn how to actually spell.
re: Abortion cost the Democrats
Posted by Newgene on 11/6/24 at 1:05 am
The one time that idiot carville was right. To Kamala...it's the economy, stupid.
re: CNN still hasn’t called Pennsylvania
Posted by Newgene on 11/6/24 at 12:40 am
When WI, MI, and NV are called, it will take the luster out of their PA declaration.
re: Where were the betting sites at 9pm in 2020 and 2016?
Posted by Newgene on 11/5/24 at 9:11 pm
re: Internet to detached shop
Posted by Newgene on 11/3/24 at 8:26 am
quote:
Thanks for all of the suggestions everyone. I ran the cat 6 and coax out of the attic. Just waiting to trench for water line and I’ll throw my cables in the trench and see what happens. If I have grounding problems then I can easily install some p2p radios. Appreciate the help!
Sounds like you are well on your way, but I'll just add to this. This is definitely different, but it's a data point for reference. I ran 150' direct burial cat6 in my attic. It was pretty cheap on amazon, and you never know if something may try to chew through it or you might damage it. It's just a little tough to bend at the ends, but it wasn't a problem. I ran the EAP610 wireless AP with an TL-SG1005P POE switch. It all works flawlessly. Underground presents different issues, but I would think you're more likely not to have an issue. I did this because because I didn't want to fight signal boosters, radios, etc. They likely have come a long way, but the early ones were pretty bad.
I would also put them in a conduit, add a spare, and also leave some room if you want to pull something else through there or repurpose it. I wish I would have done this on my house now.
re: Would a new ruling negating a review when a player goes down with an injury…
Posted by Newgene on 10/13/24 at 8:04 am
There can be a rule where if a trainer has to enter the field, the player comes out for the drive, or quarter. If you are that hurt that you need medical assistance, it should be serious enough to sit a quarter. Gotta take health seriously. If you get up on your own, whistle doesn't blow. If you blow the whistle for player down, trainers have to come out, and player has to sit out.
Poor Yeoman Johnson will never get any meaningful PT
Poor Yeoman Johnson will never get any meaningful PT
re: Would a new ruling negating a review when a player goes down with an injury…
Posted by Newgene on 10/13/24 at 8:01 am
There's a lot of different things that can be done, but ultimately, you have to call it out as fake to separate it from legitimate injuries. The only way to get them to stop may be to a take a one team faking an injury on every single play of the game following the screw job game. Then, just say, "My players were hurt. Who are you to say they weren't, regardless of what it clearly looked like on video." After the 16 hour game, they might do something.
re: Did that really happen yesterday?
Posted by Newgene on 10/6/24 at 10:17 am
quote:
Vandy dominated start to finish.
True, but that is still baffling...even more so than the actual win.
re: Should Malachi Moore be suspended?
Posted by Newgene on 10/6/24 at 10:14 am
For bama, yesterday was troublesome on so many fronts. A coach struggles against vandy, referees provide no edge, star players have no discipline, and Nick is no longer there to work through issues, in general. I feel for bama fans. The wheels are not going to fall off fast, though. They will recover, win some games, and probably only lose 1-2 more this year. This continued progression will take a few years, as a reversion to the mean is likely.
re: Trump - price correlation
Posted by Newgene on 9/14/24 at 5:56 pm
With tax cuts combined with tariffs, prices go up. It just impacts who has the money to buy more of the higher priced items. If you pay less in taxes it may balance it out, or it may not. For the person not working, you get no tax benefit, and you pay higher prices for the stuff you buy...worst of both worlds. People not working are likely not voting trump. Trump will incentivize work, but I don't see him being able to counter the last 4 years of heavy spending and money printing, based on his platform.
re: Timmy Tampons wife wants to make it clear that they’re “turning the page”
Posted by Newgene on 9/14/24 at 5:50 pm
Wow. Is this 2020? Turn the page by keeping the same administration? Are their voters really that stupid?
re: Biloxi Fine Dining......or JUST PLAIN GOOD? Ideas, please!
Posted by Newgene on 9/14/24 at 12:05 pm
quote:
Hilarious. OP asks for recs in Biloxi and first response is Ocean Springs.
OS is about 5 minutes from the center of the Biloxi beach
re: Harris Admits she will sign bill imposing Reparations
Posted by Newgene on 9/2/24 at 10:43 am
How on earth could you prove your ancestors were slaves? Is it just a check box on your taxes that gives you a better tax rate or a credit? I guarantee you there are more politicians willing to falsely say they have incorrect heritage. So, there really is no way that doesn't become a disaster. I can see the US approaching 100% AA heritage...at least on the tax forms.
re: Boys, I need some help.
Posted by Newgene on 7/23/24 at 7:08 am
quote:
• After-Tax Savings Account: You may choose to contribute 2-9% of your pay to this account each pay period on an after-tax basis.
Get a little more info here. If your plan has in-plan conversions, I would try to max this out as well. If they don't, I would pass on after tax contributions in a 401k due to the negative tax treatment. In plan conversions let you do a mega backdoor roth to convert all of that to a roth after you have already maxed out your limit (people view the limit as 23,500, but there is also an overall contribution limit of at least 69,000).
re: Per CNN: Sheriff deputy found shooter on roof but scared off when shooter pointed gun
Posted by Newgene on 7/14/24 at 3:07 pm
Not that I believe the story, but playing it out would mean the officer would have his gun drawn onto the roof of a building within bullet shot of Trump. Could make himself a target if he's wrong. If the shooter drew on him, he would need to retreat quickly not knowing if the shooter was a crazy who would pursue him and start shooting at him before he could get cover. By the time he got to a safe cover position, it's all over. Don't know either way, but there's nowhere near enough detail to say anything anyway, even whether it happened or not.
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