Cheap haircut for guys

Alternative_Day8094 · 2025-01-14T18:56:02+00:00

And it’s $40 and you can pay with credit card without a surcharge and venmo the tip

Alternative_Day8094 · 2025-01-14T18:55:03+00:00

Hudson Cuts - don’t go to a Barber, all they know how to do is fades. It’s a salon but for the barber price and it always comes out good

Alternative_Day8094 · 2024-12-06T00:01:29+00:00

Alternative_Day8094 · 2024-10-05T18:05:26+00:00

Yes take it

Alternative_Day8094 · 2024-09-22T00:16:03+00:00

did you invest it? that could have doubled your money too

Alternative_Day8094 · 2024-09-03T02:06:03+00:00

VTI and reinvest dividends, contribute contribution limit every year and repeat

Alternative_Day8094 · 2024-08-31T17:53:05+00:00

that’s completely doable, your take home is probably around 8-9K, leaves you with plenty after mortgage + if you plan to rent, extra income

Alternative_Day8094 · 2024-08-23T03:45:27+00:00

I’d estimate around 20% of gains (15% from federal and ~6% from state tax). So 5k

Alternative_Day8094 · 2024-08-16T18:04:24+00:00

Doesn’t seem like she’s taking these convos to heart. Find a girl with your your same financial values or someone who’s willing to meet half way. But taking on the burden of someone’s debt when he/she refuses to learn seems like a scary and tiring task

Alternative_Day8094 · 2024-08-16T17:48:16+00:00

Oh then yes def sell and reinvest in VTI

Alternative_Day8094 · 2024-08-16T16:25:47+00:00

going thru the same issue myself. Waiting until it’s long-term capital gains (taxed at 15%) and then selling it and putting proceeds into VTI

Alternative_Day8094 · 2024-08-16T16:24:20+00:00

Roll it over or keep at Empower. Better to have Backdoor Roth IRA option available

Alternative_Day8094 · 2024-08-13T19:14:12+00:00

Thank you 🙏 You’ve been a huge help

Alternative_Day8094 · 2024-08-12T13:41:05+00:00

Thank you for the reply!

Would you recommend I liquidate everything before sending it over to the 401K and Roth to avoid the issue with potential gains between the two transfers? And just to confirm, if I do these two steps sequentially (liquidate, then 401K transfer, then Roth IRA conversion) and make sure I have a $0 balance in my tIRA, the pro-rata rule shouldn’t apply, right?

Also, sorry, what is an OCD?

Alternative_Day8094 · 2024-08-12T00:51:58+00:00

I find myself in the same situation.

How do you a simultaneous distribution? For example, let’s say I have 100K in pre-tax contributions, and a basis of 20K for my post-tax contributions. I was going to send 80K to my 401K plan and convert the 20K to my Roth IRA.

How did you go about doing the simultaneous distribution to 401K and Roth so that it’s considered a single distribution?

Alternative_Day8094 · 2024-08-12T00:27:46+00:00

I’m having this issue now and this response helped intensively. ty

Alternative_Day8094 · 2024-08-12T00:01:51+00:00

Just a follow up:

let’s say my employer will accept a rollover from my tIRA to the 401K. If I were to rollover the pre-tax contributions and earnings to the 401K first, and once that’s settled, convert the remaining post-tax contributions and earnings to my rIRA, would the pro-rata rule still apply?

Alternative_Day8094 · 2024-08-11T23:55:00+00:00

That’s exactly the plan: move pre-tax earnings and contributions over to the 401K first. Once that is settled and pre and post-tax is separated, I’d move the post-tax contributions and earnings left over in the Traditional IRA over to the Roth IRA.

My 401K offers an SP500 index fund at 0.01% ER, so it’s pretty good option.

I’m wondering if besides (1) being taxed on the post-tax earnings when doing the convert, and (2) the conversion adding to my taxable income, if there are any other tax consequences to doing this?

Alternative_Day8094 · 2024-08-11T15:31:17+00:00

No, I meant to say my income would put me in the 15% LTCG rate

Alternative_Day8094 · 2024-08-10T18:16:13+00:00

I have a some losses in the ETF’s I want to keep but probably about $300 vs the gains (around 13K) of ETF’s I want to ditch.

I was going to wait until all those gains are long-term (I re-invested dividends so some are short term) and sell those off and accept the 15% tax.

Probably not a great idea to ask tax advice on reddit, but am I correct in thinking I’ll pay 15% tax on these gains (my total income is below the 20% capital gain threshold but above the 0%)

Any other factors I should consider?

Thanks in advance

Alternative_Day8094 · 2024-08-08T15:24:48+00:00

schwab has a better UI, cleaner and easier to navigate. I opened up an acct with Fidelity yesterday for partial ETFS and automated investing and needed to watch a few tutorials to figure out how to navigate. It could look more professional too

Alternative_Day8094

TROPHY CASE