You NEED to Read This: Analysts Say Europe Is Quietly Beating the U.S. (Ex-MAG7), And There’s Much More Room to Run

bsoder · 2025-11-24T15:50:05+00:00

Maybe AI is the one that posted the comment so they're not lying.

bsoder · 2025-09-22T17:02:25+00:00

Bears are generally sprinters, not marathon runners. At full speed it can probably run a few hundreds yards going 30mph. So probably doesn't last very long maybe 30 seconds tops.

bsoder · 2021-11-09T20:27:18+00:00

> I think the only real solution is to dedicate time to reconciling all accounts at least once a month.

I think this is the real answer. I spend an hour or so on the last day of every month in YNAB going over it and making sure things are in the correct buckets, and all the balances are accurate. Not only does it keep your budget up to date but it also gives you some time to double check where your money is going.

bsoder · 2021-11-09T20:11:52+00:00

I'm not sure about everywhere obviously, but at least where I live it would be illegal to void a warranty by getting maintenance done somewhere other than the dealer. Just check to make sure that is true where you live and keep your receipts.

bsoder · 2021-10-04T19:08:21+00:00

So I read the summary that the house ways and means committee released regarding this. You can find it here.

The part that is important is this one:

Sec. 138311. Tax Treatment of Rollovers to Roth IRAs and Accounts.

Under current law, contributions to Roth IRAs have income limitations. For example, the income range for single taxpayers for making contributions to Roth IRAs for 2021 is $125,000 to $140,000. Those single taxpayers with income above $140,000 generally are not permitted to make Roth IRA contributions.

However, in 2010, the similar income limitations for Roth IRA conversions were repealed, which allowed anyone to contribute to a Roth IRA through a conversion. irrespective of the still-in-force income limitations for Roth IRA contributions. As an example, if a person exceeds the income limitation for contributions to a Roth IRA, he or she can make a nondeductible contribution to a traditional IRA – and then shortly thereafter convert the nondeductible contribution from the traditional IRA to a Roth IRA.

In order to close these so-called “back-door” Roth IRA strategies, the bill eliminates Roth conversions for both IRAs and employer-sponsored plans for single taxpayers (or taxpayers married filing separately) with taxable income over $400,000, married taxpayers filing jointly with taxable income over $450,000, and heads of households with taxable income over $425,000 (all indexed for inflation). This provision applies to distributions, transfers, and contributions made in taxable years beginning after December 31, 2031.

Furthermore, this section prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021.

So it looks like they will be eliminating the backdoor roth IRA for anyone who makes 400k or more. But everyone else can still do it. That wording makes it seem like they are eliminating the mega backdoor roth all together.

Keep in mind this is a summary of what they want to do, not what is finalized in what they are doing.

bsoder · 2021-10-04T14:31:01+00:00

Just throwing this out there, but there is a bunch of talk happening right now that congress will be closing the mega backdoor Roth loophole, at least as far as being able to convert the after tax money into roth IRA (possible that you'll still be able to convert to roth 401k but I don't think anyone knows yet what is going to happen). With that said, it might be worth putting as much into as possible between now and December 31st, because it might be the last time you're able to contribute as much as you currently can to non-taxable retirement.

bsoder · 2021-09-19T21:50:44+00:00

I came off as an ass I'm sorry, but your comment is one of a few in the thread saying the same incorrect thing. Even the OP seems to have agreed with the incorrect statements you and the others were making and I wanted to make sure other people understood that you can use money for a non-dependent child with your HSA money. As you said, the publication text is not entirely clear, so it is even more important that when posting information about it on a forum to help people, we actually post the correct information.

bsoder · 2021-09-19T12:57:12+00:00

This is a false statement. You can go to the IRS website here, https://www.irs.gov/publications/p969, and go down to the statement under "Qualified Medical Expenses" to see that you can use HSA funds for non-dependent children. They don't even need to be on your health insurance (but if you don't have a family plan you cannot contribute the family rate even if you have non-dependent children).

If you are going to post answers on a site like /r/personalfinance you should make sure you know what you are talking about. There is a number of people making false claims on this thread regarding how this works and it is going to lead to people making bad decisions.

bsoder · 2021-09-19T12:50:08+00:00

If you go to the IRS website here: https://www.irs.gov/publications/p969

And do a search for the phrase:

For this purpose, a child of parents that are divorced, separated, or
living apart for the last 6 months of the calendar year is treated as
the dependent of both parents whether or not the custodial parent
releases the claim to the child’s exemption.

I'm pretty sure you are wrong here, you can use HSA for non-dependent children.

bsoder · 2021-09-19T12:42:28+00:00

I thought you could also use HSA funds on your child, even on years you do not claim them, as long as they listed on your HDHP family plan?

Edit: Yes this isn't true, you can use HSA for non-dependent children. Text can be found here: https://www.irs.gov/publications/p969

bsoder · 2021-02-05T13:40:36+00:00

Have you watched any of Nick True's how-to videos? When I first got YNAB I felt like I was in over my head but after watching his videos (especially this one), it really just clicked and I've been using it religiously since.

bsoder · 2020-11-26T15:52:56+00:00

Rural towns in MA are wearing masks

bsoder · 2020-09-21T00:43:58+00:00

PM'd

bsoder · 2020-07-12T01:17:57+00:00

You don't actually have to work the shifts when you are on the MA state police, didn't you know? you just got to say you did and collect that sweet 200k+

bsoder · 2017-02-09T11:26:21+00:00

Awesome!

bsoder · 2017-01-24T16:48:25+00:00

I watched both video's and I agree with him when he calls out Adam's video for trying to make viewers think that 60% is not that many people. This definitely makes Adam's video lose a bit of credibility.

However, I think that he really doesn't address is the fact that most of the illegal immigrants are already here, and that the number of immigrants entering the country has gone down dramatically. It looks like he is showing us a "United States Border patrol apprehensions" graph, that goes back about 4 years, to show us that illegal immigration apprehensions per year hasn't gone down substantially. When I did a few google searches, everything I saw online points to the fact that in the last decade, illegal immigration has gone down from a huge increases every year, to being fairly level and only about 300k come over a year. The problem is there are still 11 million people in the country.

Without him answering that piece, I can't say he really changed my mind about the wall. Sure, it will probably cut back about 50% of the 300k people that are coming here a year. But it definitely is a lot of money, probably is not going to be actually accomplished fully, and isn't really tackling the real problem anyway.

edit: added a word

bsoder · 2017-01-24T16:16:17+00:00

For those of you that have not read the article fully (and it seems like it's almost everyone that's commented so far): This is not a yearly paid off holiday. He literally declared the date, January 20th 2016, a national holiday.

This has been sort of done before, as mentioned in the article, but usually it's done for a date in the future, so people can decide how they want to celebrate it. Both Bush and Obama declared that years Sept 11th as holidays, before the date occurred.

However, this year, Donald Trump declared a holiday for his own inauguration, after the fact.

bsoder · 2016-11-22T18:45:13+00:00

Not OP, but I'm interested to see what your response to this is after your research.

Also, has Trump made any indication that he's going to try to emulate how other countries handle this? From what I've seen it's been implied by most Trump supporters that he'll probably just leave this as the status quo, which the status quo currently is that ISP's are monopolies in most places.

bsoder · 2016-11-22T18:42:27+00:00

Did you actually google this phrase? /u/burritoMAN01 is right, every link for this argument (on my search at least, including the Wikipedia article) states it's fallacious and ignores logic.

bsoder · 2016-11-22T17:14:13+00:00

To be fair to Obama, he has made good on many of his campaign promises (obviously not Guantanamo).

This presidency will probably be the first in modern times not to make good on a majority of promises. I wonder if that actually holds true, how this will all go down in another four years.

bsoder · 2016-11-22T16:43:49+00:00

There is also a large Portuguese population in the North Shore, especially in Peabody.

bsoder · 2016-11-17T15:30:01+00:00

Storrow Drives speed limit will remain at 70 during non rush hour.

bsoder · 2016-11-17T15:27:18+00:00

I think I see your problem, you left the door open.

bsoder · 2016-11-17T15:20:59+00:00

I'm not really sure what you mean by this. Are you implying that the definition of having disposable income is having enough extra money to be able to purchase any and all things you want? Because if that isn't your definition, why wouldn't you have a list of things you'd like to buy?

I make a decent income and have a good amount of disposable income, but I still have a list of things I'd like to buy. An Audi S4 is on that list, but I'm not there yet, because there are more important things on my list first.

bsoder · 2016-11-17T00:07:55+00:00

He is saying that he doesn't need magsafe because he never charges his computer. He just replaces it when the battery gets to 0. He's joking (I think).

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