JaguarCrazy2832 Posted January 28, 2021 Share Posted January 28, 2021 (edited) Nevermind Edited January 28, 2021 by JaguarCrazy2832 Quote Link to comment Share on other sites More sharing options...
pwny Posted January 28, 2021 Share Posted January 28, 2021 39 minutes ago, JaguarCrazy2832 said: Does that include matching? Nah, employee contribution only. But since you’re asking more questions, a bit more clarification : ROTH IRA contributions are capped at $6000. SIMPLE IRA contributions are capped at 13,500, I believe. 401K contributions are capped at $19,500. I do the majority of my clients as a year end contribution just because that’s typically the best option for these people to both lower their tax threshold and get money into retirement, so I actually originally had the cap wrong for SIMPLE IRAs. Fuzzy brain here. LIS - talk to an actual retirement person instead of solely trusting me. I just do year end checks for clients not funding their retirement, and I just put a percentage into my ROTH 401K for myself. I’m no expert. Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted January 28, 2021 Share Posted January 28, 2021 30 minutes ago, pwny said: Nah, employee contribution only. But since you’re asking more questions, a bit more clarification : ROTH IRA contributions are capped at $6000. SIMPLE IRA contributions are capped at 13,500. 401K contributions are capped at $19,500. I do the majority of my clients as a year end contribution just because that’s typically the best option for these people to both lower their tax threshold and get money into retirement, so I actually originally had the cap wrong for SIMPLE IRAs. Fuzzy brain here. LIS - talk to an actual retirement person instead of solely trusting me. I just do year end checks for clients not funding their retirement, and I just put a percentage into my ROTH 401K for myself. I’m no expert. I have and have my retirement stuff set up. Is there a large difference between IRA/401K. 401k is whats set up thru work so I haven’t ventured elsewhere. I am an accountant but no knowledge of investments Quote Link to comment Share on other sites More sharing options...
pwny Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, JaguarCrazy2832 said: I have and have my retirement stuff set up. Is there a large difference between IRA/401K. 401k is whats set up thru work so I haven’t ventured elsewhere. I am an accountant but no knowledge of investments There's difference, but the larger difference is when you're getting into ROTH vs traditional accounts. And while you can manipulate how much money you get out of it by taking your money above employer match (always max your employer match) and putting it elsewhere, you're not failing by just funding through your employer plan. https://www.nerdwallet.com/article/investing/ira-vs-401k-retirement-accounts That goes over the very basics of the differences. Quote Link to comment Share on other sites More sharing options...
ET80 Posted January 28, 2021 Share Posted January 28, 2021 4 hours ago, pwny said: @ET80 come shoot the ish in here. We’ll pretend to be a safe haven for you. Hi. I'm Tom. I love Football. Quote Link to comment Share on other sites More sharing options...
Tugboat Posted January 28, 2021 Share Posted January 28, 2021 2 hours ago, .Buzz said: I really need to get into stocks before long. Was close to buying some yesterday. Looks like may have been for the best to continue not getting involved lol. Yeah. The way things have gone today, i'm sad to have missed out on it...but also glad i'm not wrapped up in this absolute cluster**** of shady business and collusion with the brokerages and whatever they're doing. There's all kinds of stuff going on there that doesn't inspire a lot of confidence in the average layperson's ability to exert any control over what their money and investment is actually doing. 2 hours ago, pwny said: As I tell everyone — fund your retirement plan before screwing around with the stock market outside of that. And fund your retirement as soon as possible. The earlier, the better. And when you think you’ve put enough into your retirement plan and can now mess around with stocks, put more in your retirement plan. Playing individual stocks (outside of the memes over the last couple days) never ends up as well as just general mutual funds. Even when you’re past just funding your retirement, just open up accounts and fund mutual funds. The game is not set up for us normal folks to win any other way. And if today has shown anything, it’s that if you find a way to win against what the way the game is rigged, they won’t hesitate to shut you down. Yeah. Really baring the ugly bones of the ol' 2-tiered system today. Free market casino for big money and big funds. Regulated (possibly illegally) markets for everyone else. 2 hours ago, .Buzz said: Yeah, you're probably correct on that. Have a lot to learn on a lot of these fronts. Wish there was a bit more preparation for students in HS/College as far as retirement/money managing in general goes. Better financial literacy in school would certainly be a positive for people in general. But at the end of the day, Financial Services are such a huge component of the western world's post-manufacturing economy...jeopardizing or minimizing the necessity of those things doesn't likely appeal to the money that sets curriculums. Plus, if today (and the last few days really) has taught us anything...it's that Wall Street and big money would very much preferred that the unwashed masses remain ignorant of the mechanics of markets and investments. When people find out what's actually going on behind the curtain...it turns out they don't much like it. People don't react well to learning that the game is rigged, and understanding more about how it is rigged and what the precious "markets" are actually doing, doesn't seem to particularly ease that unrest. Quote Link to comment Share on other sites More sharing options...
Tugboat Posted January 28, 2021 Share Posted January 28, 2021 4 minutes ago, ET80 said: Hi. I'm Tom. I love Football. Do you really love football? Or are you just saying that? Quote Link to comment Share on other sites More sharing options...
ET80 Posted January 28, 2021 Share Posted January 28, 2021 Just now, Tugboat said: Do you really love football? Or are you just saying that? Oh no, I love football. A bit too much. Like today - I had to convince myself to not commit first degree murder of a Pastor in Texas because he was messing with a football team. Like, legit had to punch a wall and yell, JUST so I didn't commit a felony punishable by death in Texas. Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, pwny said: There's difference, but the larger difference is when you're getting into ROTH vs traditional accounts. And while you can manipulate how much money you get out of it by taking your money above employer match (always max your employer match) and putting it elsewhere, you're not failing by just funding through your employer plan. https://www.nerdwallet.com/article/investing/ira-vs-401k-retirement-accounts That goes over the very basics of the differences. I certainly dont think I'm failing, in fact I think I'm doing better than most people my age as far as retirement. We aren't rich by any stretch but my wife and I work, she's a teacher. I'm a CPA but not in the public sector and at a company that allows me alot of flexibility for family stuff so I could be making more but dont really want to work 80+ hr weeks during busy season As far as Roth v Traditional 401k, I know the differences on the surface but not exactly which is better at my age... Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, ET80 said: Oh no, I love football. A bit too much. Like today - I had to convince myself to not commit first degree murder of a Pastor in Texas because he was messing with a football team. Like, legit had to punch a wall and yell, JUST so I didn't commit a felony punishable by death in Texas. Curious what "messing with" really means because it sounds less about football and more about children and in that case I'll take the cell next to ya buddy. PrisonMike for real Quote Link to comment Share on other sites More sharing options...
pwny Posted January 29, 2021 Share Posted January 29, 2021 19 hours ago, JaguarCrazy2832 said: Curious what "messing with" really means because it sounds less about football and more about children and in that case I'll take the cell next to ya buddy. PrisonMike for real He’s talking about Jack Easterby. He’s a pastor and is using some let’s say not football related reasons to make football decisions. And it’s the driving force behind Watson and Watt and everyone else being pissed at the organization. Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted January 29, 2021 Share Posted January 29, 2021 38 minutes ago, pwny said: He’s talking about Jack Easterby. He’s a pastor and is using some let’s say not football related reasons to make football decisions. And it’s the driving force behind Watson and Watt and everyone else being pissed at the organization. Yea I dont have a problem with peoples belief but it doesnt exactly seem like a football thing...I can see how that would piss some people off Quote Link to comment Share on other sites More sharing options...
pwny Posted January 30, 2021 Share Posted January 30, 2021 Paul was one of the first people to ever cover the Jaguars and led the team at Times-Union that covered the Jags in their first season. Quote Link to comment Share on other sites More sharing options...
pwny Posted January 31, 2021 Share Posted January 31, 2021 Jalen finally gonna play on a team with a good QB Quote Link to comment Share on other sites More sharing options...
.Buzz Posted January 31, 2021 Share Posted January 31, 2021 1 hour ago, pwny said: Jalen finally gonna play on a team with a good QB Ehh... Def better than Goff though, no doubt. I put Stafford in the above average tier myself. His body's kind of breaking down at this point it seems like. Quote Link to comment Share on other sites More sharing options...
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