Recruiting Forum Football Talk IX

#35,701
#35,701
If only that orange helmet game was where we cemented our first playoff birth & Hendo didn't get hurt...there'd be a different tune

Some people are superstitious
Some are just a little stitious
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#35,703
#35,703
DarthVol1 said:
Good stuff. I retired at 58, 3 years ago. Little earlier than I thought I would. Did pretty much what you suggest. One thing I will add that I wished someone had told me about earlier is maxing out a Health Savings Account. Max that puppy out every year and invest inside of it. 100% tax free withdrawals for medical expenses. When I need @Glitch hips, I can pay for it!
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HSA and you're retired?
 
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#35,706
#35,706
DarthVol1 said:
Good stuff. I retired at 58, 3 years ago. Little earlier than I thought I would. Did pretty much what you suggest. One thing I will add that I wished someone had told me about earlier is maxing out a Health Savings Account. Max that puppy out every year and invest inside of it. 100% tax free withdrawals for medical expenses. When I need @Glitch hips, I can pay for it!
Click to expand...
HSA is the top tier strategy...triple tax advantage (pre-tax, no tax on withdrawals, no tax on interest earnings)
 
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#35,708
#35,708
Aesius said:
I think it's only a matter of time until we get a Heisman QB, RB, or WR under Heupel. If you keep stacking elite offenses, eventually you'll get one. That said, I also don't think Heup is going to deviate from his normal gameplans to boost anyone's chances of getting one via stat padding. It will have to happen naturally.
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Gotta be a year we beat the other SEC teams and are a 1 loss (or undefeated) SEC champ in the playoffs.

It's pretty clear with how Hooker, Dylan & even Hyatt got left out

Sampson didn't even make top 10...instead Skattebo was in the mix because of his Conference Championship game...before then he had less TDs & rushing yards than Dylan.

In 22 Hooker finished 5th....of course every QB ahead of him played 1 more game (some 2) before voting happened. Hyatt in that same year wasn't even in the top 10...despite (at time of voting) being top 2 in both receiving yards and TDs
 
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#35,710
#35,710
DarthVol1 said:
Good stuff. I retired at 58, 3 years ago. Little earlier than I thought I would. Did pretty much what you suggest. One thing I will add that I wished someone had told me about earlier is maxing out a Health Savings Account. Max that puppy out every year and invest inside of it. 100% tax free withdrawals for medical expenses. When I need @Glitch hips, I can pay for it!
Click to expand...
HSA has only been around about 20 years, and yes - not enough people know about, or leverage, these amazing vehicles.

HSA is the only investment vehicle that enjoys triple tax advantage:

- Contributions made pre-tax
- Earnings grow untaxed
- Withdrawals are made tax-free

Nothing else touches that.
Yes, you can invest anything in excess of the minimum checking balance.

They are portable - you take them with you.

I’ve had one for years now. It’s quite healthy at this point.
 
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#35,711
#35,711
screenthis said:
HSA and you're retired?
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Yes, almost all insurances will offer their stand alone plans with an HSA, especially a high deductible one since he’s not old enough for a Medicare plan. And he is right, max out if you can the amount you can contribute and most places will allow you to invest what you don’t use and HSA’s roll over year to year unlike FSA’s.
 
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#35,712
#35,712
RandomUTfan said:
You mean you're able to make your own mind up about things without having to be told what to think? Unique skill! Joking, but I agree with you. I think whether or not we hit the portal for a back depends on whether or not we get one in this class. I see us adding one guy either way.
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I think we have 5 on scholarship (6 if Barnes is). But Star is the only senior so obviously staff likes having 5 guys minimum and with this day and age no guarantee anyone stays with how the portal is setup.
 
#35,714
#35,714
85SugarVol said:
HSA has only been around about 20 years, and yes - not enough people know about, or leverage, these amazing vehicles.

HSA is the only investment vehicle that enjoys triple tax advantage:

- Contributions made pre-tax
- Earnings grow untaxed
- Withdrawals are made tax-free

Nothing else touches that.
Yes, you can invest anything in excess of the minimum checking balance.

They are portable - you take them with you.

I’ve had one for years now. It’s quite healthy at this point.
Click to expand...
I am retiring from the Guard and having to transition from TriCare to a health insurance policy through my work. My options are extremely costly PPO plans and HSA plans. We know very little about these plans as we have been on military insurance our entire adult lives. If there is anybody that can share some resources or point me towards somethings that will help me get knowledgeable so we can make the best decision. I think I know what that is, but I need to make Mrs. Glitch comfortable with the decision as well and I am not knowledgeable enough to explain it well.


TIA.
 
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#35,715
#35,715
Hardy said:
College Sports Radio talking about SEC division rivalries. Talking about fairness and said it would never be fair to have any team play GA, Bama, and TN.

That feels pretty good.
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When we go on the road, teams sell out their stadium for the first time in years. Other teams that fire their coaches want to hire one like ours. That should tell you all you need to know. We’re solidly in Tier 1 of college football again.
 
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#35,716
#35,716
85SugarVol said:
HSA has only been around about 20 years, and yes - not enough people know about, or leverage, these amazing vehicles.

HSA is the only investment vehicle that enjoys triple tax advantage:

- Contributions made pre-tax
- Earnings grow untaxed
- Withdrawals are made tax-free

Nothing else touches that.
Yes, you can invest anything in excess of the minimum checking balance.

They are portable - you take them with you.

I’ve had one for years now. It’s quite healthy at this point.
Click to expand...

Negative is limitations on what the funds can be spent on, but I think for single workers or younger couples without children it's smart to max one out each year if you can. You'll rarely use it if in good health, can invest inside it and then once older or having kids you got a big emergency fund sitting there. Since almost everyone's biggest emergency ends up being medical.

Of course the other big strategy is PAY **** OFF, lot of good these accounts will do if you're retired and still paying $1500+ in rent or mortgage with a fat car payment.
 
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#35,718
#35,718
zhangliao04 said:
Another is the backdoor IRA. Not as well known and not used in a lot of situations. That being said my wife and I use this method.
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The “Backdoor” is a slick maneuver, though completely legal. It’s actually a “funding mechanism” more than a type, designed to get money into a Roth. (To be fair, so is Spousal)

If you really wanna blow your mind on what’s possible - check out “Mega Backdoor” conversions. If your 401k plan allows after-tax contributions, and in-service distributions, you can push 5x the amount to a Roth than you can with a basic Backdoor.
 
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#35,719
#35,719
Glitch said:
I am retiring from the Guard and having to transition from TriCare to a health insurance policy through my work. My options are extremely costly PPO plans and HSA plans. We know very little about these plans as we have been on military insurance our entire adult lives. If there is anybody that can share some resources or point me towards somethings that will help me get knowledgeable so we can make the best decision. I think I know what that is, but I need to make Mrs. Glitch comfortable with the decision as well and I am not knowledgeable enough to explain it well.


TIA.
Click to expand...
Really depends on your medical needs. If you are constantly in Dr office or hospital due to non VA injuries or sicknesses(heart disease, kidney disease, ETC) a PPO policy with copays will be better for you. If not and you see a Dr a few times a year a high deductible plan with a HSA would be perfect for you. I have a HDHP right now and it’s worked good for many years for me, but I now have kidney disease and I’m going to have to look into PPO policy with copays as my Dr visits have went from a few times a year to quite a bit. Also very important, preventative services are usually covered at 100% even with high deductible plans. So make sure you get your yearly well visit done and any other preventative services you made need. Good luck and thanks for your service!
 
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#35,721
#35,721
This is the way. I’m through with a buyout now and I plan on buying another small business in the next few years. I’ll sell them all within 5-10 years for more than double. People who save only in investments will never truly have real wealth. Have to have a mix. IMO
walkenvol said:
I retired 8 years back and started a small business. My last choice is to ever go back to someone else setting my schedule and being paid for the hours on the clock instead of being paid for work completed. JMO, TIFWIW
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#35,724
#35,724
SmyrnaATLVolisback said:
This is the way. I’m through with a buyout now and I plan on buying another small business in the next few years. I’ll sell them all within 5-10 years for more than double. People who save only in investments will never truly have real wealth. Have to have a mix. IMO
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@SmyrnaATLVolisback @walkenvol What kind of business? I'm thinking about starting my own and my family has had their own since the 80s in Chattanooga. Just tired of the corporate BS. Just curious.
 
#35,725
#35,725
Glitch said:
I am retiring from the Guard and having to transition from TriCare to a health insurance policy through my work. My options are extremely costly PPO plans and HSA plans. We know very little about these plans as we have been on military insurance our entire adult lives. If there is anybody that can share some resources or point me towards somethings that will help me get knowledgeable so we can make the best decision. I think I know what that is, but I need to make Mrs. Glitch comfortable with the decision as well and I am not knowledgeable enough to explain it well.


TIA.
Click to expand...
Glitch,
You’ve worked long and hard to get to this point in your life. You owe it to yourself (and Mrs) to make the best, most informed decision possible.

I would strongly encourage you to schedule an appointment with a certified advisor, to ensure you’re making the best decision for your specific circumstances. The peace of mind will be well worth it.

Sincerely yours,
SugarBalls
 
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