Recruiting Forum Football Talk IV

[Smyrna ATL Vol]

Doug Roth approves the Roth. Not sure the back door though

Back door Roth is when your AGI (gross income) is too high to contribute to a Roth. In order to get the money in there, you contribute money to a traditional IRA and then move the funds to the Roth. You get the traditional IRA deduction and you pick up income for the contribution (net of zero). This allows that contribution to grow tax free instead of being taxed later on down the road.

 

[BigSteve09]

 

[Orangeburst]

Boom

 

[Jack Burton]

Back door Roth is when your AGI (gross income) is too high to contribute to a Roth. In order to get the money in there, you contribute money to a traditional IRA and then move the funds to the Roth. You get the traditional IRA deduction and you pick up income for the contribution (net of zero). This allows that contribution to grow tax free instead of being taxed later on down the road.

Are you hiring?

 

[butchna]

OM mods say they could go after Steele as DC. Think Rodney Garner would entertain going since they’re close.

Also said Rodney wants to transition to an off field role.

Wishful thinking on their part. He signed on here even tho it was obvious that Steele wasn’t going to have a position. Also call bolsch on their “transition” theory…guy’s a COACH. Mods pretending they know stuff they don’t is why I jumped at the chance to cancel VQ when a poster shared a link.

 

[Smyrna ATL Vol]

Are you hiring?

Maybe next year if I can grow my book another 100k!

 

[rjd970]

OM is looking like a huge step back next year. As par for the course, AFTER we play them in a historically good year for them.

 

[MoCo_Vol]

Unrelated to the retirement conversation.

What's a good hourly rate for movers? I'm doing some bidding and want to have a general idea what's the going rate.

 

[BigSteve09]

OM is looking like a huge step back next year. As par for the course, AFTER we play them in a historically good year for them.

Wondering if word getting out that Kiffin was checking in on any/every opportunity at other openings has his staff heading out while they can.

 

[drvenner]

I wish nothing but the very best for this dude. He lived the " I will give my all for Tennessee " motto. Worked hard every day and stayed bought in.

 

[Enki_Amenra]

Unrelated to the retirement conversation.

What's a good hourly rate for movers? I'm doing some bidding and want to have a general idea what's the going rate.

About $100/hr, that's with a truck.

 

[Tennessee Golfer]

Back door Roth is when your AGI (gross income) is too high to contribute to a Roth. In order to get the money in there, you contribute money to a traditional IRA and then move the funds to the Roth. You get the traditional IRA deduction and you pick up income for the contribution (net of zero). This allows that contribution to grow tax free instead of being taxed later on down the road.

That will probably get shut down soon. Big government can’t have people keeping too much of their own money.

 

[drvenner]

I am verse-atile but I'm not sure you want me singing.

 

[Jack Burton]

I don’t understand the clothing advertisements I see on VolNation. Who wants to dress like they just climbed out of a Texas ditch? Seriously, roll in some dirt shirts and pants.

 

[drvenner]

View attachment 426019

apparently so.

Not going to congratulate you. I will be embittered about this for years to come.






















Seriously, well done.

 

[mr.checkerboards]

Old job had a 2:1 match which was nice. But they didn't pay a lot either...

Still had people that wouldn't put in their 5%. Some people hate free money.

I dont either. I started the match as soon as I got hired so I wouldn't miss the money on each paycheck since I never technically had it to begin with

 

[drvenner]

Unrelated to the retirement conversation.

What's a good hourly rate for movers? I'm doing some bidding and want to have a general idea what's the going rate.

About tree fiddy.

 

[Tennessee Golfer]

I have my CHFC and here’s my advice for just about anyone:

1. Create a money plan and learn to live below your income (not a budget, people hate budgets)
2. Start an emergency fund with at least 1-2 months expenses and make sure you have a good insurance plan (auto, home/renter, liability, life, disability)
3. Take any company matching retirement benefit but not a penny more than the match.
4. Pay down all debt except for real estate.
5. Contribute to a Roth IRA.
6. Once you are maxing a Roth ($6k/yr unless you qualify for the catch-up) get your emergency savings to 3-6 months.
7. Invest in something you find interesting that appreciates in value or brings in passive income (real estate, mutual funds, etc)

 

[Glitch]

Ole Miss in shambles.

It couldn't happen to a bigger douche canoe.

 

[Tri-CitiesVol]

I have my CHFC and here’s my advice for just about anyone:

1. Create a money plan and learn to live below your income (not a budget, people hate budgets)
2. Start an emergency fund with at least 1-2 months expenses and make sure you have a good insurance plan (auto, home/renter, liability, life, disability)
3. Take any company matching retirement benefit but not a penny more than the match.
4. Pay down all debt except for real estate.
5. Contribute to a Roth IRA.
6. Once you are maxing a Roth ($6k/yr unless you qualify for the catch-up) get your emergency savings to 3-6 months.
7. Invest in something you find interesting that appreciates in value or brings in passive income (real estate, mutual funds, etc)

Why is the Roth contribution limit so much lower than tsp?

 

[Ulysees E. McGill]

True capitalist understand this. There are those that will try to make a profit by cutting corners but they generally don't last long. They have safety or quality issues and eventually fail. True capitalists know that they must invest capital in their businesses and that includes their people.

I just never want to see it become what it was during the Robber Baron-Gilded Age again. I hate Communism and extreme socialism just as much...I am somewhere in the middle.

 

[YNWAvols]

I was about to say the same exact thing yesterday about Man City but was on a conference call and got distracted lol. Fellow Reds fan here btw, YNWA.

I’m almost a bigger LFC fan than a Vol fan nowadays, which is really a result of CFB apathy. Unfortunately I have not had a chance to get over to Anfield since 2019, but I’m hoping to get back next season.

 

[Ulysees E. McGill]

But we won Texas. Think long term. Also, if the Alamo only had Tennesseans fighting, we would have won. It’s those other folks that gave up (texans)

San Jacinto is the better example...nobody gave up at the Alamo, that's why they all died.

 

[Tennessee Golfer]

Why is the Roth contribution limit so much lower than tsp?

Compared to a regular TSP? Because a Roth is after tax money so the growth and distributions are tax free. Government has to get their greedy little paws on our money somehow. They don’t want too much money growing tax free.

 

[Tri-CitiesVol]

Compared to a regular TSP? Because a Roth is after tax money so the growth and distributions are tax free. Government has to get their greedy little paws on our money somehow. They don’t want too much money growing tax free.

I contribute to a ROTH TSP and my limit is now 20,500.