The post whore thread.

Lobo, you do realize you had a million % greater chance of dying in that car while texting at triple digits than of crashing in the airplane and getting more than a scratch or bruise?

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Originally Posted by Irving

HB, did you read where he does the math showing the difference in earnings compared to the taxes paid? I particularly liked the part about funding a traditional IRA, then transferring it to a Roth later, but I don't know if those specific circumstances would ever come up in my life. I like the idea of funding both, and as he initially points out, the most important part is funding at all, and much less w which path you chose.

Interesting that you didn't have a great experience with the TSP's. Nice to bounce ideas off of someone who is active in real markets. There is a link to some management tool on there as well, but I didn't post it.

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Yeah I read that and his math is sound, but if the money is going to be there for 30 years or more (which is the case for both of us at this point, because we're both at least 30 years away from 59.5) it almost always makes more sense to do a Roth, primarily because of the tax free growth. If you max your contributions to your and Mrs Irving's IRAs every year for 30 years, using the unimpressive 7% figure above, you will have basically made more than $700k in absolutely 100% tax-free income.

If you max your Roth and have money left over, then by all means, put it in good mutual funds outside of your IRA and let it grow alongside your retirement, but without the tax advantages. Alternatively, this is a perfect time to really diversify your portfolio in real estate or other types of investments.


If I'm wrong about any of this, please stop me, but I am 98% confident in my conclusions. If I am screwing up the math, or reading the tax law wrong, stop me now! -I am relying on these things for my future! hahaha

*As always, don't ever trust investing advice from a friend without doing your own thorough research.*

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Originally Posted by OldFogey

At work, it's 0830 and still foggy. Wasn't it always supposed to be sunny in Foco?

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48-60 temps were "predicted"

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Originally Posted by brutal

Lobo, you do realize you had a million % greater chance of dying in that car while texting at triple digits than of crashing in the airplane and getting more than a scratch or bruise?

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SISSYS.

sounds like a man card revocation

This thread has a lot of useless bullshit in it, but there is a metric shitload of really useful and productive information interspersed all throughout! [Beer]

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Originally Posted by HoneyBadger

This thread has a lot of useless bullshit in it, but there is a metric shitload of really useful and productive information interspersed all throughout! [Beer]

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It's metric shit-ton. Get it right.

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Originally Posted by brutal

It's metric shit-ton. Get it right.

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No, you're thinking of the imperial tonne.

I don't think you're wrong to go ROTH at all. Obesity thing I was confused about was the max contributions. It is $5,500 for any type of IRA, but he makes it seem like the $5,500 includes the taxes when funding a ROTH, and that's not the impression I was under. I didn't like the way he did the math on that part.

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Originally Posted by brutal

Lobo, you do realize you had a million % greater chance of dying in that car while texting at triple digits than of crashing in the airplane and getting more than a scratch or bruise?

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Yep, that's how irrational fears work.

Full disclosure - camera was clipped to steering wheel and set to timer and all posts/texts were made from shoulder parked to attach/detach camera or while parked in restaurant and gas station lot.

I did break the speed limit.

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Originally Posted by Great-Kazoo

SISSYS.

sounds like a man card revocation

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Hey, the job got done, I didn't like it but it got done.

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