***Happy Birfday Extravaganza fredd-bird: Septembro LC Thread (No WLs allowed. Ban BtM)*** - Page 10

Also, mad props to your advice to post my squat vids on SS forum. Two coaches immediately were like "wtf your squat is complete trash stop immediately and fix it." Also, get a coach.

Not only does your squat suck, but your name on the SS forums sucks too.

09-04-2014 , 12:38 PM

#227

allinontheturn

'Merican Dullard

Join Date: Nov 2008 Posts: 22,649

Quote:

Originally Posted by BookToMarket

First max out 401k up to match

I'm meh on matching 401k depending on vesting terms. Please advise.

Quote:

Originally Posted by Soulman

BTM,

please learn how that savings stuff works in Norway so you can give me personalized advice, thx in advance.

Retirement advice to those living in Norway.

Spoiler:

09-04-2014 , 12:40 PM

#228

Dudd

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 54,241

Quote:

Originally Posted by Soulman

BTM,

please learn how that savings stuff works in Norway so you can give me personalized advice, thx in advance.

1. Let your commie government pay for everything

09-04-2014 , 12:49 PM

#229

The Yugoslavian

STTF HUC II Winner

Join Date: Sep 2004 Posts: 25,055

Quote:

Originally Posted by skeletor121

Not only does your squat suck, but your name on the SS forums sucks too.

It's my YouTube name and has been the whole time, you're just now noticing it?

It's a nickname from HS.

09-04-2014 , 12:54 PM

#230

skeletor121

Pooh-Bah

Join Date: Nov 2008 Posts: 4,991

Quote:

Originally Posted by The Yugoslavian

It's my YouTube name and has been the whole time, you're just now noticing it?

It's a nickname from HS.

I don't look at the youtube name as you imbed the videos. I also don't check out the SS forums much. So yes, I am just noticing it.

09-04-2014 , 01:06 PM

#231

fredd-bird

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 19,337

There were form check threads for three people from S&F on the front page of that SS Technique forum.

09-04-2014 , 01:07 PM

#232

The Yugoslavian

STTF HUC II Winner

Join Date: Sep 2004 Posts: 25,055

Yeah. Let's blame KC.

09-04-2014 , 01:30 PM

#233

nuggetz87

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 15,728

Quote:

Originally Posted by Soulman

BTM,

please learn how that savings stuff works in Norway so you can give me personalized advice, thx in advance.

1. Have trex arms
2. Spend all money on wine and snow shoes
3. Magnus Carlssen
4. ???
5. Profit from gubermint

09-04-2014 , 01:34 PM

#234

__w__

Pooh-Bah

Join Date: Mar 2007 Posts: 3,640

Just to make sure I understand correctly:

Current employer matches first 6% for 401k. I contribute 10%. What I should be doing is 6% to the 401k to max the match and then 4% to a roth?

09-04-2014 , 01:41 PM

#235

The Yugoslavian

STTF HUC II Winner

Join Date: Sep 2004 Posts: 25,055

w - well that's more optimal for retirement, yes.

09-04-2014 , 01:45 PM

#236

saw7988

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 11,463

I believe there's a $5500 limit/year to the roth though. So if your 4% is bigger than that, then the rest can go back to the 401k.

09-04-2014 , 01:45 PM

#237

Montecore

RPElf = +EV

Join Date: Mar 2011 Posts: 82,159

The actual answer depends a bit on which tax bracket you expect to be in when you retire (and how you forecast the current tax laws to change), but it's a small rock overall, I think. I'd suggest trying to find ways you can max out a Roth and your 401k, but I understand that's not the fiscal reality for a lot of people.

09-04-2014 , 01:47 PM

#238

Montecore

RPElf = +EV

Join Date: Mar 2011 Posts: 82,159

Quote:

Originally Posted by saw7988

I believe there's a $5500 limit/year to the roth though. So if your 4% is bigger than that, then the rest can go back to the 401k.

The new phd with the subtlest of humblebrags!

But yes, unless you're old enough to fall into the catch up provision (which I think is like an extra 1K/yr if you're over 50?), saw is correcthorse.gif

09-04-2014 , 01:49 PM

#239

Soulman

Carpal \'Tunnel

Join Date: Mar 2006 Posts: 31,657

Quote:

Originally Posted by allinontheturn

Retirement advice to those living in Norway.

1) Don't run out of oil in the North Sea.
2) ????
3) k.

Quote:

Originally Posted by Dudd

1. Let your commie government pay for everything

Quote:

Originally Posted by nuggetz87

1. Have trex arms
2. Spend all money on wine and snow shoes
3. Magnus Carlssen
4. ???
5. Profit from gubermint

Well done gentlemen.

Spoiler:

09-04-2014 , 02:03 PM

#240

BookToMarket

Carpal \'Tunnel

Join Date: Jan 2013 Posts: 7,957

Quote:

Originally Posted by saw7988

I believe there's a $5500 limit/year to the roth though. So if your 4% is bigger than that, then the rest can go back to the 401k.

Correct Horse

Quote:

Originally Posted by Montecore

Eh. Splitting hairs. just save now and pay no taxes later when you're old. One less thing to nitpick about.

09-04-2014 , 02:07 PM

#241

kidcolin

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 109,033

Quote:

Originally Posted by fredd-bird

There were form check threads for three people from S&F on the front page of that SS Technique forum.

Really?

09-04-2014 , 02:09 PM

#242

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 39,033

Quote:

Originally Posted by downtown

check your Roth IRA privilege

I think this was directed at me. If not, sorry.

Can't put money into an IRA if it's tax exempt due to being abroad when it was earned.

09-04-2014 , 02:10 PM

#243

kidcolin

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 109,033

If you make a lot of money you can't contribute to a Roth, or can only contribute a partial amount. Ask me how I know. Ask.

Also, my company doesn't match, it just does profit sharing. Should I still max out my 401k? I'm thinking about not contributing at all and investing my own damn money.

09-04-2014 , 02:12 PM

#244

Weasel45

Carpal \'Tunnel

Join Date: Oct 2003 Posts: 6,284

Quote:

Originally Posted by kidcolin

Really?

Aidan, Yugo and me

09-04-2014 , 02:16 PM

#245

bixby snyder

A distant second

Join Date: Sep 2010 Posts: 6,396

My company has a pretty lousy match but I'm just contributing more anyway. Is it significantly better to have that excess in a roth?

09-04-2014 , 02:17 PM

#246

PayoffWiz

Pooh-Bah

Join Date: Aug 2005 Posts: 4,523

If you make more than a certain amount of money, you can't contribute to Roth, correct? And if your employer offers a 401k, you receive no tax benefit from contributing to a traditional IRA, yes?

Btm, pls respond. I promise to give you 81 bps.

09-04-2014 , 02:21 PM

#247

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 39,033

ask kidcolin, he might know.

09-04-2014 , 02:24 PM

#248

kidcolin

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 109,033

PoW,

Yes there's a limit, and a partial contribution threshold. I typed up a post but you're better off googling

09-04-2014 , 02:30 PM

#249

BookToMarket

Carpal \'Tunnel

Join Date: Jan 2013 Posts: 7,957

Quote:

Originally Posted by kidcolin

psps are sweet. Still put money into your 401k pls ty. Every cent you put in there is pre-tax. $15000 in your 401k is only like $10000 in your investment account. Think of it that way.

Quote:

Originally Posted by bixby snyder

My company has a pretty lousy match but I'm just contributing more anyway. Is it significantly better to have that excess in a roth?

Contribute up to match (since it's free money) then roth. Roths are the nuts. post tax $ when you pull it out later on. You need a lot less money to live on when you don't pay no taxes!

Quote:

Originally Posted by PayoffWiz

roth max is like 125k/yr income.

2nd part i've never dealt with before since you should just contribute in your 401k.

09-04-2014 , 02:30 PM

#250

Montecore

RPElf = +EV

Join Date: Mar 2011 Posts: 82,159

Quote:

Originally Posted by kidcolin

If you make a lot of money you can't contribute to a Roth, or can only contribute a partial amount. Ask me how I know. Ask.

Sure you can, you just put it into a regular IRA and then immediately roll it over into your Roth that you opened when you weren't making too much money.

Quote:

Originally Posted by kidcolin

Also, my company doesn't match, it just does profit sharing. Should I still max out my 401k? I'm thinking about not contributing at all and investing my own damn money.

This is what I'm doing because the 401k options at my company blow.

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