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flu
Participant[quote=SK in CV][quote=bullishgurl]Yes, if you saved a lot in your pre tax retirement accounts, you could be subject to higher tax rate during your retirement than right now, if your annual required minimum distribution (RMD) is more than what your AGI was when you were working.
Also, you would be subject to the tax rate during that time, which lets face it, will be more than it is now, given the way this country spends….RMD doesn’t kick in until 70.5 I think…a lot of good retirees I know are facing this right now.[/quote]
You need a shit-ton of money in retirement accounts for tax rates to be higher post-retirement. RMD at 70, if spouse is sole beneficiary and less than 10 years younger is about 3.6% of value as of 12/31 of the prior year. So to get even to a $100K RMD, it requires almost $3 million in the account.
I do know people with substantially more than that in retirement plans, but they’re in a high tax bracket even if they had no RMDs.
That said, I think a 50/50 split of traditional/roth into 401K’s is a great way to go. Particularly for those that qualified retirement plans are expected to provide substantially all of their retirement funding.[/quote]
He has a shitload of money in his 401k but made a middle class income during his prime years by bring an complete miser. HE was also one of those guys that had a pension in the defense sector as a machinist that is also adding to the AGI in his retirement years, so I guess combined, his tax rate is much higher than when he was working.
Some of his colleagues are in the same boat.
But I agree with you on the 50/50 split, which is what I do.
Participant[quote=plm]The 401K is just tax deferred so that needs to be taken into account in the math. Taxes will have to be paid at some point. I wonder if the rate could actually be higher when you retire and the way I understand it, you have to start taking money out at a certain age.
Backdoor roth ira took me several days to figure out and about a week to execute. But once you have all the accounts set up it and taxes figured out shouldn’t be too hard to repeat. Hopefully doing it again this year will be easier.[/quote]
Yes, if you saved a lot in your pre tax retirement accounts, you could be subject to higher tax rate during your retirement than right now, if your annual required minimum distribution (RMD) is more than what your AGI was when you were working.
Also, you would be subject to the tax rate during that time, which lets face it, will be more than it is now, given the way this country spends….RMD doesn’t kick in until 70.5 I think…a lot of good retirees I know are facing this right now.
Its funny, because one person I know calls their 401k retirement plan the biggest scam for avid savers. His argument is 401k had shitty fund selections that subjected him to a bunch of fees to fatten the fund companies. And that now that he saved so much, his RMD is 2x what his AGI was when he was working. So his tax rate is also much higher now, and hence his argument is this was a beautiful con to get avid savers to pay more taxes. Also, since he never borrowed against his 401k, he claims this money was pretty much dead for use all those years.He told me he regrets contributing so much to his 401k, and wishes he had just contributed enough to get the company match and then put the rest of his money after tax on real estate, when things like depreciation and other itemized deduction and things like like 1031 exchanged do a wonderful job sheltering money indefinitely… I don’t know if I agree with him, but it was an interesting comment to hear.
ParticipantLike I said. Stop blaming immigrants and foreigners wrto these job loss problems.
Blame the bonehead American CEO and bonehead American management team that makes these decisions at American companies. I guess when you are making cheap econ boxes , you can’t do it profitably with American unionized labor, according management.
Regulate immigration to restrict foreign workers? Pfffff…. companies will move the entire operation elsewhere..
Walls? Lol. Looks like those jobs are just climbing over walls.
… like Ford…..Ford shifting all US small car production to Mexico.
Ford Motor announced a $1.6 billion investment in a plant in Mexico Tuesday. USA TODAY
CEO Mark Fields told investors the move is part of plans to make production simpler and less expensive.
Ford is shifting all North American small-car production from the U.S. to Mexico, CEO Mark Fields told investors today in Dearborn.
“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” Fields said.
At least you have some companies from china setting up factories in Detroit making glass and windows.
At least my BMW was assembled in South Carolina.
Looks like American companies and ceos sold most of you middle class labor out. You guys are pointing the finger at the wrong thing.
And funny that some of complainers also drives a Lexus…. with virtually no US parts content and made with no US labor. Definitely not putting your money where your mouth is.
Participant[quote=no_such_reality]I’m curious what you think those reasons are?
Other than laziness and not thinking it’s important?
I’m serious. I can understand a probationary cleaning before enrollment, but nearly 18 months with what appears to be a once a year enrollment?
I’ve seen this at some small firms but not to this extent and just my anecdotal observation, the lack of importance they place on having this critical compensation component for their employees permeates a lot of activities in the company.
I get they don’t have great fund selection, that’s a side effect of being small and herded into fee generating plan by the servicer. (that has it’s own concerns)[/quote]
In the bay area, some companies did this as one of many ways to discourage you from leaving within one year, similar to sign on bonus fine print that stated you had to return the bonus if you left within a year. I guess there is also an administrativr pita of dealing with plans when the employee doesnt stay that long
Participant[quote=ltsdd]Trump building the wall would actually create a boatload of jobs.[/quote]
Yes, but you know that while the business would go to a u.s. company, the labor building the wall probably would come from Mexico and be built on the side of Mexico since it could be done much cheaper than hiring American labor, and we know that American CEOs would love to screw over American workers and cast redirect the problem on those pesky colored people that keep stealing “your job”, while laughing all the way to the Bugatti dealership.
And they would probably contract part of the wall building to pre fabed wall units done in China by a company that never built a wall, the same way the CA government contracted out building the new part of the Bay Bridge to a company in China that never built a bridge, which ended up costing us taxpayers more that contracting it to a us company.
Gotta love those American company /entity management decisions
Participant[quote=Hobie]Now add in the high cost of energy, EPA regs, unions and yup, we are doomed.
Where will the new jobs be if Hillary get elected?[/quote]
Also add automation and advances in technology that made some labor obsolete.
Add that companies have a significant technological advantage over someone trying to start from scratch. TSM and samsung lead the foundry business with intel maybe able to catch up.
Participant[quote=dumbrenter][quote=mixxalot]If they would cancel H1b and stop outsourcing to China and India, that would be a good start for Trump.[/quote]
Not sure about jobs coming back, but maybe this dumbrenter can finally afford a home in Pacific Highlands Ranch if that were to happen!
“Tear down the H1b, Mr. President and bring up the tariffs” 🙂I might get my home but will never be able to afford any more electronics or avocados.
And I might have to mow my own lawn and maintain my own garden…on second thoughts, this is not looking good at all!
These laws of unforseen concequences never ever work in my favor.[/quote]Not really because h1bs don’t spend $1million on a home when they are still.on h1b. Those people who do already have PR and did so through the other way in buying or starting a company in the US with $X dollars so they can get their PR.
Sounds to me you should focus on saving for your first home versus thinking about trying to juggle a rental in Texas without having any prior experience.
Funny that all you people trying to blame all your financial problems and career problems will find even in the absence ofnh1b, you probably would be in the same financial situation you are currently in.
You just don’t want to accept it to be true and are just fishing for excusesParticipant[quote=mixxalot]If they would cancel H1b and stop outsourcing to China and India, that would be a good start for Trump.[/quote]
Good luck with that one.
Participant[quote=spdrun]Bluetooth earpieces are so 2008.[/quote]
I wouldn’t.know. o don’t use one and I don’t work on earpieces
Participant[quote=moneymaker]I did a cash out with LTV of 50%. I’m still a little confused as to my HELOC as I was under the impression it would be paid off along with the loan and I can see that it is not yet even though closing was 2 days ago. So maybe they will send me a big fat check and leave it up to me as to when it gets paid off. I’m fine with that if that is the case.I locked back in June. I communicated with 6 different people at E-lend and never had a feeling where i was in the process even though they do everything online. Their website only works with IE so Chrome will not work very well.[/quote]
If your intent was to have the heloc paid off I’d call and find out exactly what is going on. No, its not ok they just send you a check in the mail if part of the purpose of the loan was to pay off the heloc. Because while you wait for the check via snail mail, you are paying two interest payments daily. One to your old heloc that should have already been closed and one to your new loan. So if they sent you a check via snail mail, they are making you pay more than if they simply transfered the funds electronically to you heloc lender.
A 3 day overlaps reasonable. Anything more is unacceptable. And hopefully you didn’t close on a friday, otherwise you ended up paying interest over the weekend too.
Yes I am cheap. It’s in my blood.Participant[quote=moneymaker]I did a cash out with LTV of 50%. I’m still a little confused as to my HELOC as I was under the impression it would be paid off along with the loan and I can see that it is not yet even though closing was 2 days ago. So maybe they will send me a big fat check and leave it up to me as to when it gets paid off. I’m fine with that if that is the case.I locked back in June. I communicated with 6 different people at E-lend and never had a feeling where i was in the process even though they do everything online. Their website only works with IE so Chrome will not work very well.[/quote]
If your intent was to have the heloc paid off I’d call and find out exactly what is going on. No, its not ok they just send you a check in the mail if part of the purpose of the loan was to pay off the heloc. Because while you wait for the cechl via snail mail, you are paying two interest payments. One to your old heloc and one to your new loan, for the same amount. So if they sent you a check via snail mail, they are making you pay more than if they simply transferred the funds electronically, ideally directly to you heloc lender.
A 3 day overlaps reasonable. Anything more is unacceptable. And hopefully you didn’t close on a friday, otherwise you ended up paying interest over the weekend too.
Yes I am cheap. It’s in my blood.August 25, 2016 at 3:50 PM in reply to: OT: Chinese Airline Companies offering $300k+ for pilots…. #800876Participant[quote=njtosd][quote=bullishgurl]
A 30 minute phone screen usually flushes out who is real and who is a fake. We also have an online submission process directly.[/quote]
Hmm. Maybe I didn’t say it right. It’s not a matter of the applicants being fake – it’s a matter of the software missing (a lot) of qualified applicants. The fake resume is a positive control to see if they will actually capture the people you want.
If the resumes can get through without going through the screening software then I guess it doesn’t matter. In your case if there aren’t many people for the positions you don’t have to wade through much. Just a thought.[/quote]
Ah.. ic.
August 25, 2016 at 1:38 PM in reply to: OT: Chinese Airline Companies offering $300k+ for pilots…. #800870Participant[quote=njtosd][quote=bullishgurl]
We hired a recruiting agency to hire contractors, and one of the buffoon contractors cold called people at my company asking if they would like to be a contractor to work on a project at my company. Lol.
Market look pretty good in San Diego imho.[/quote]
FWIW – When hiring for a position, I would have someone (or more than one) person in your company submit a fake resume through the online system that is reasonably like the person you are looking for and see if the recruiting agency picks it up. I have talked to a number of people in HR and the screening software is not great. It assumes that people will use the buzzwords in the posting and use them in the right context. Especially when it comes to engineers/CS types (and I have read a lot of stuff written by engineers . . .) their writing skills can be a little non-standard. (Not always – I know I am going to hear about that one.) Add to that the issue of a lot of your applicants being people for whom English is not their first language . . . It seems like it’s not a great system – some smart CS person on this board should think about coming up with something better.[/quote]
A 30 minute phone screen usually flushes out who is real and who is a fake. We also have an online submission process directly.
August 25, 2016 at 12:04 PM in reply to: OT: Does anyone use a UPS for their computer/electronic gear? If so which one. #800866Participant[quote=spdrun]???
Sine wave should work fine. Do you mean square wave?
If you worry about returns, party like it’s 1999 and buy from a brick’n’mortar store.[/quote]
There are 3 types of UPS.
1. Pure sine wave
2. Square wave.
3. Simulated sine wave (also called step up sine wave). Basically, it looks like a stair case function going up and down.Think of #3 at taking a analog sine wave signal and running it through an AtoD converter, where the AD converter has lots of steps..
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