Recruiting Forum Football Talk IX

[Orangeburst]

how come Glitch gets the red carpet treatment?
I protesteth.

 

[Orangeburst]

Glitch getting a peak at the Recruiting Board in Heupel’s office

 

[Glitch]

pick us up some grass tips.

I got stuff!

 

[Glitch]

how come Glitch gets the red carpet treatment?
I protesteth.

Mini Glitch is smart and got invited to Scholars Day.

 

[therickbol]

This was Glitch's view today. All y'all morans can eat your slice of jealous pie!
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It is always good to see when they are able to make a dream happen for someone who is "special"

 

[bignewt]

FSU will win by 10+

ole miss gonna smoke LSU also

 

[MarcoVol]

ole miss gonna smoke LSU also

I don’t see a smoking. LSU is a paper tiger but Ole Miss ain’t sh*t either.

 

[DarthVol1]

Has anyone on here successfully used the "rule of 55" for 401k withdrawals? Is it as simple as it sounds or is there a catch?

Yes. It is pretty simple. The catch is the money you withdraw has to come from your last employer 's 401k. When I made the withdrawal from mine, it even asked questions in the system to make sure I qualified under the rule of 55. The 1099 I got even had it coded as a rule of 55 withdrawal.

 

[RandomUTfan]

Urban Meyer recently said of Dabo Swinney on a podcast: "Dabo goes when Dabo wants to go." I guess he doesn't anticipate Clemson having that buyout money for some time. No wonder he's daring them to fire him.

 

[Jack Burton]

Yes. It is pretty simple. The catch is the money you withdraw has to come from your last employer 's 401k. When I made the withdrawal from mine, it even asked questions in the system to make sure I qualified under the rule of 55. The 1099 I got even had it coded as a rule of 55 withdrawal.

I may be wrong but I believe you can transfer old 401ks and traditional IRA investments into the current 401k, so long as your employer allows it. Then you have a greater sum to pull from if needed. I don’t think that negates the rule of 55 but @Adam Sandler can clarify.

 

[screenthis]

Well, 4% of 350M people would be about 14M. 1.1M would suggest Fidelity has about a 7.5% market share, and while I don't know what their actual market share is, that number passes a sanity test.

Point is, you could both be correct. I don't think the two stats are necessarily in conflict or mutually exclusive.

Oh, I'm not shooting for conflict. We just have a surprisingly large number of people that are in no way ready for retirement.

 

[kong]

Yes. It is pretty simple. The catch is the money you withdraw has to come from your last employer 's 401k. When I made the withdrawal from mine, it even asked questions in the system to make sure I qualified under the rule of 55. The 1099 I got even had it coded as a rule of 55 withdrawal.

Thank you sir. I've got big plans for my 55th birthday (in 2048 )

 

[Vol423]

I understood what you were saying about Fidelity, but the OP, or at least the one you responded to, said that 4% had "saved" $1M. To me "saved" implied a reference to accounts with an absolute value rather than real estate or other investments with a relative estimated value. That's why I was ok with testing against an implied market share knowing it excluded other bank accounts.

Yes, 14M is a large number, but those 14M aren't evenly distributed across the country. Exclude the wealthiest county from each state from that calculation and the absolute number and the percent would yield a different conclusion about prevalence.

So if you exclude the wealthiest people you'll be left with non-wealthy people? Shocking!

 

[engineerVOL]

Mini Glitch is smart and got invited to Scholars Day.

 

[Vol423]

pick us up some grass tips.

I thought @TrippieRedd was the source for grass tips.

 

[DD4ME]

Agree or disagree?

 

[DD4ME]

Bray was fun to watch - mostly

 

[engineerVOL]

This was Glitch's view today. All y'all morans can eat your slice of jealous pie!
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Missed your chance.

TWSS

 

[screenthis]

Thank you sir. I've got big plans for my 55th birthday (in 2048 )

Damn youngsters.....

 

[Enki_Amenra]

I don’t see a smoking. LSU is a paper tiger but Ole Miss ain’t sh*t either.

Did you factor in the "Brian Kelly Effect"?

 

[Vol423]

I may be wrong but I believe you can transfer old 401ks and traditional IRA investments into the current 401k, so long as your employer allows it. Then you have a greater sum to pull from if needed. I don’t think that negates the rule of 55 but @Adam Sandler can clarify.

Why does the thought of receiving investing/retirement advice from a guy named @Adam Sandler sound dubious to me?

 

[Orangeburst]

Dechambeau group is a must win..no way the US can go down 6-2.

 

[Vol423]

Dechambeau group is a must win..no way the US can go down 6-2.

Hell, we need to flip another match in our favor too. We need Scheffler to heat up.

 

[vol9799]

So if you exclude the wealthiest people you'll be left with non-wealthy people? Shocking!

Not the point of the post, but I don't care enough to re-till the ground.

It's mid-season, perhaps we should be discoursing on football.

 

[DarthVol1]

From Fidelity

• Most recent employer's plan: You can only take penalty-free withdrawals from the retirement plan of the employer you just left. Funds in plans from previous employers are not eligible unless you first roll them into your current plan before separating from service.