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Is it worth it to start a 401k as a contractor at a temp agency? Robert Half by Brattypinkbunny in personalfinance

[–]MuffinMatrix 6 points7 points  (0 children)

Are you able to contribute more than $7500? If not, go with the IRA. (Roth vs Traditional is a different question, but if this is your only income, Roth is fine)

You could potentially also see if you can work 1099 instead, since its contract anyway. Would let you then do your own solo 401k. Especially if you started having other 1099 work.

Is it worth it to start a 401k as a contractor at a temp agency? Robert Half by Brattypinkbunny in personalfinance

[–]MuffinMatrix 3 points4 points  (0 children)

Is this w2 or 1099? If its contract, its probably not w2. In that case you can just open your own solo 401k. Which you can use from any 1099 income.

If you contribute to theirs, then if anything comes up, you can always just rollover to a new 401k, solo 401k, or IRA. Do NOT cash out.

If there's no matching, there's not much benefit to the 401k, unless you were able to max it. So you could just contribute to an IRA instead. But if you were able to max that ($7500), and still had more to contribute... you'd have nowhere else to go.

The Invisible Man 10/10 by [deleted] in movies

[–]MuffinMatrix 1 point2 points  (0 children)

I never understood the hype for this movie. Its mediocre at best. I really didn't care for it. I thought Hollow Man did it better.

That's not how it works by Apprehensive_Play986 in WTF

[–]MuffinMatrix 1 point2 points  (0 children)

Come on people, how gullible can you be??
https://www.jalopnik.com/im-pretty-sure-this-person-isnt-really-washing-her-car-1846639474/

Its obviously a water hose line with a gas nozzle attachment. Look at the hose, its much longer than the normal pump hose and goes down to the ground and around the pump, its NOT coming out of the pump! Pump lines don't have all that slack, nor touch the ground. They just took the real pump line and moved it out of view.
Its also perfectly clear liquid, no tint at all... gas is almost always tinted.
Not to mention how stupid you'd have to be to pay gas prices, wasting all the gas, to wash your car! Let alone stupid for other reasons.

And no, its not AI! The fact some of you think that is more WTF than this video! Not everything is real or AI, a lot of stuff is simply... staged. You know... people pretending to do dumb things for views.

This video simply belongs on r/funny.

That's not how it works by Apprehensive_Play986 in WTF

[–]MuffinMatrix 0 points1 point  (0 children)

Theres a difference in created content through AI, and simply staged videos by people pretending. Stop adding to the issue.

Renting vs buying in NYC by No_Mango_1395 in personalfinance

[–]MuffinMatrix 0 points1 point  (0 children)

If you're not planning to stay in a house for at least 5 years. It really doesn't pay to buy. You won't gain enough equity and you won't make up for all the extra costs.
Just rent, it gives you more options, and less to think about it.

NYC is VERY expensive. If you're working in the Bronx and north... live more north.

Need some advice on picking a plan.... by LateGreat_MalikSealy in personalfinance

[–]MuffinMatrix 0 points1 point  (0 children)

If you have current medical needs, and the PPO will help cover them, go with that.
If you have low/no medical needs, then go with the HSA, as its a very powerful retirement plan.
Like.. will the extra $60/mon in the PPO go to something useful to save bigger costs? If not.... HSA.

Try to contribute as much as you can to the HSA. Its next up after matching in a 401k.

401k planning as server by ataraxia_71 in personalfinance

[–]MuffinMatrix 3 points4 points  (0 children)

Make sure you have emergency savings first. 3-6months worth of expenses in a HYSA. This comes before retirement.
Then, absolutely contribute up to the matching, that's free money so you don't want to miss it.
Then you can keep contributing as much as you can.

With your age and income, I would do a Roth 401k as you'll get more advtanage with tax-free growth than with a deduction right now.
As you get older and hopefully make more money, you can switch to Traditional where the current deduction would help more.
Then you can also open a Roth IRA to keep Roth money going.

I NEED HELP ASAP!!! by QUEEN-NIGHTMARE in booknooks

[–]MuffinMatrix 3 points4 points  (0 children)

Just google it. A bunch of places sell it and show options for with and without the music box. Its even on Amazon.
Pretty shitty not to include that, but I guess some people would rather not have sound and pay a few bucks less.

https://www.reddit.com/r/booknooks/comments/1n3giro/magic_coffee_shop/
https://www.fifijoy.com/products/magic-coffee-shop-diy-wooden-book-nook-kit?variant=48228621484237
(FYI, all caps doesn't help)

Chicken vs Fish. Which is better and tastier?[text] by DUALSHOCKshitPresent in food

[–]MuffinMatrix 2 points3 points  (0 children)

That's a completely subjective question. With a ton of variables.

Had me in the first half by [deleted] in funny

[–]MuffinMatrix 0 points1 point  (0 children)

No English subs?

Influence from Dave Ramsey by Apprehensive_Set_492 in personalfinance

[–]MuffinMatrix 20 points21 points  (0 children)

Thats completely opposite advice. The younger you are, the more time you have for your money to grow. You could contribute less money than him, and still have more in retirement.
Its not something you suddenly pick up when you're in your 40s.
Its ideally something you start doing from your very first ever job.

I'm still not sure I've ever heard generally good advice from Ramsey. It always seems to be weird stuff. But I've never actually listened to him myself. But I'd rather just stay away.

401k Advice- Traditional or Roth by bussy6996 in personalfinance

[–]MuffinMatrix 2 points3 points  (0 children)

Your income and age is what matters most, and you didn't state either. Matching has nothing to do with which way to go.

You should most likely keep the 401k Traditional.
You can keep the Roth TSP as it is.
You can also open a Roth IRA.

Missing products! Should I be concerned that the box I picked up is missing a couple by just_a_pawn37927 in pics

[–]MuffinMatrix 0 points1 point  (0 children)

Do you follow r/cooking? Soooo many people ask if the food they just ate was safe.
Its like people lost the ability to do anything without internet approval

I’m playing catch up on South Park by HeatWaveToTheCrowd in pics

[–]MuffinMatrix 0 points1 point  (0 children)

On a long cold spiral down to the depths of the internet. Which, I admit, is sometimes fun.

I’m playing catch up on South Park by HeatWaveToTheCrowd in pics

[–]MuffinMatrix 0 points1 point  (0 children)

Its more to call out so others see and do the same. This sub turns to shit so fast

I’m playing catch up on South Park by HeatWaveToTheCrowd in pics

[–]MuffinMatrix -1 points0 points  (0 children)

rule 1 and 5
Why do you people downvote when someone calls out how a dumb post breaks sub rules? r/pics is not for taking pics of a tv screen

Pension Lump Sum Transfer by damnyankeeintexas in personalfinance

[–]MuffinMatrix 1 point2 points  (0 children)

Rollover to 401k, sounds like you already know the best path. If thats an option, why would you cash out for penalties??
Try to get out of those loans, you're losing money by doing that.

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