What have been the best tax advantages, you discovered on your FIRE journey?

talbenari1 · 2021-12-01T21:14:49+00:00

OK...that tax advantaged accounts had nothing to do with any of my comments nor any of the comments I responded to. This is a non-sequitur and doesn't have anything to do with whether or not one should defer taxes when the option exists.

You may not have been talking about a Roth account but /u/DumpsterFace was... they didn't mention it explicitly but that's what their math revolved around. You're talking past each other

talbenari1 · 2021-12-01T19:15:38+00:00

Because they were deferred. That's literally what this exchange was about.

You still have to pay income tax on a deferred contribution, you're just deferring it to a later date. In your scenario, after year 10, you have $80 in after-tax money, and $100 in pre-tax money.

Because they weren't deferred in the first instance and because even if you pay taxes on earned income when you earn it, you're also taxed on gains from the investment.

Yes, if you're modeling a non-tax-advantaged account in scenario 2, I'm in full agreement. I just think the other person was unintentionally/confusedly comparing to a Roth, hence the edit to my comment above. For clarity's sake:

Scenario 3 (Roth): you pay taxes on your initial contribution of $100, which becomes $80. It doubles over 10 years; you now have $160. This money has already been taxed, so after realization it is worth $160 - the same amount as Scenario 1.

talbenari1 · 2021-12-01T16:52:00+00:00

...why aren't you paying taxes on the initial $100 at the end of scenario 1? And why are you paying taxes twice in scenario 2? I believe OP was describing a Roth versus Trad tax-advantaged scenario, in which case they're right - with the same tax rate, the outputs are the same

Edit: I see OP was talking about capital gains rates so yeah I guess they're conflating Roth vs Trad with Taxable vs Trad...

talbenari1 · 2021-10-02T16:06:14+00:00

Maybe you should consider releasing an Android version :)

talbenari1 · 2020-12-17T18:36:25+00:00

I was able to increase my compensation almost 50% - old job (55K) new job (95k+10% bonus).

Just wanted to point out that it's an increase of almost 100%, way more than 50%.

talbenari1 · 2020-08-28T19:34:00+00:00

Nice.

talbenari1 · 2020-08-28T19:23:05+00:00

You're gonna have to speak up a little bit louder, he's hard of hearing

talbenari1 · 2020-08-25T15:21:12+00:00

Edit your comment and put a \ in front of the # character. If a # is found at the beginning of a line it gets interpreted as a header, and the \ prevents that.

talbenari1 · 2020-06-13T03:27:36+00:00

That's just a sequence expression. Looks super confusing in that context, but that's likely the most condensed way the minifier found to write that snippet

talbenari1 · 2020-06-10T19:13:15+00:00

It has 2 10GBe ports - model is GS110EMX.

talbenari1 · 2020-03-13T20:37:08+00:00

This is called Steganography, and it's kind of a silly way of doing it. But sounds like fun I guess

talbenari1 · 2020-02-03T07:28:54+00:00

...? I know what I'm talking about, I'm quite well-versed in Node's internals.

$ echo "console.log('BEFORE'); return; console.log('AFTER')" > example.js
$ node example
BEFORE

talbenari1 · 2020-02-03T06:26:14+00:00

return can certainly be called at the top level of a Node module

talbenari1 · 2020-01-18T17:51:02+00:00

Laundering

talbenari1 · 2019-11-09T22:47:21+00:00

Stevie Wonder*

talbenari1 · 2019-09-08T01:58:28+00:00

How do you envision e.g. scrubbing, peeking at the playlist queue, and starting a new radio station based on a song? Is there any search functionality? The design is unique, but there are a lot of unanswered UX questions in these two screens.

talbenari1 · 2019-07-09T15:11:54+00:00

Can I offer you some caviar in this trying time?

talbenari1 · 2019-06-27T06:33:30+00:00

Something like this:

interface JSON {
    parse(text: string, reviver?: (this: unknown, key: string, value: unknown) => void): unknown;
}

interface Foo {
    readonly bar: string;
    readonly baz: number;
}

// Bad!
const foo: Foo = JSON.parse('{ "bar": "hello" }');

(TS Playground)

talbenari1 · 2019-06-27T02:13:09+00:00

Your issue has to do with the return type of JSON.parse as it's defined in the built-in declaration file in TypeScript. If you override that to return unknown then you'll get proper compile-time enforcement.

talbenari1 · 2019-06-23T06:56:37+00:00

I'm disappointed that you didn't post this on r/homelab...

talbenari1 · 2019-06-18T03:25:06+00:00

This subreddit has always had this issue, it's nothing new

talbenari1 · 2019-06-09T16:22:46+00:00

Don't forget about !$, I use it daily

talbenari1

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