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Posts By GoIrish02
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Money Talk
re: Obama wants to tax 529 Tax-Free college plans - GoIrish02
[quote]Do you think that they will make tax advantaged accounts worse off than taxable?[/quote] If they were to tax a qualified account like a 529 like an IRA, it would be far worse than a taxable account. Withdrawals would be taxed as income, at the parent's/owner's rate (not the child's/benefic...


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Money Talk
re: Obama wants to tax 529 Tax-Free college plans - GoIrish02
The relative amount of money in Roth IRAs to money in traditional IRAs and 401k plans is such a pittance it wouldn't make a difference. Seizure of traditional plans is much more likely first because of the scale. See Theresa Ghilarducci's plan for seizing all qualified tax deferred plans. She w...


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O-T Lounge
re: Most overpaid professions - GoIrish02
Gross margins are only about 20-25% of revenue in a well run insurance agency, 10-15% at older agencies. Revenue is defined as commission income, not gross premium. Most of your insurance dollar goes to the company to pay out claims in the current year and run the insurer, about 0.80 - 0.85 of ev...


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Political Talk
re: How would transportation (bus, train) operate in a free market? - GoIrish02
You can get a Chinatown bus to and from just about any city in the northeast for a few dollars, on a nice bus with a movie and free wifi. Plus they pretty much put greyhound out of business and Amtrak is uncompetitive versus the Chinatown busses. I took a bus from Chinatown in Manhattan to D.C. ...


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Money Talk
re: Solo 401(k) Add the Spouse question - GoIrish02
Congratulations, you're not stupid. Anything you spent on medical expenses this year is reimbursable as long as you set it up during the calendar year. Good luck!...


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O-T Lounge
re: Recommendations on bootcut jeans that arent slim/skinny jeans? - GoIrish02
Levi's 527...


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Money Talk
re: Solo 401(k) Add the Spouse question - GoIrish02
Yes, must be adopted and set up by 12\31, all expenses for 2014 are eligible. It's just a word document your wife signs and she can submit a medical expense report at an interval you decide. Find Bradford's tax reduction newsletter online and a sample plan is free when you sign up for the letter...


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Money Talk
re: Solo 401(k) Add the Spouse question - GoIrish02
Add a section 105 health reimbursement plan instead, combined with a high deductible health plan, which allows you to pay 100% of all medical expenses (high deductible and all premiums) and contribute the maximum to an hsa each year as your spouse's sole source of remuneration. A section 105 rei...


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Money Talk
re: My pathetic and inadequate 17/18 year retirement window. Advice Welcomed. - GoIrish02
Roth 401k is superior to an SEP, as you can defer $18,000 in income plus the same profit sharing amount as an SEP....


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Money Talk
re: Car buying situation-Need advice - GoIrish02
[quote] Then get a burner phone and list on Craigslist.[/quote] I use Google voice for everything I sell on craigslist. You should be able to at least break even on a Honda. Get coach guidry and/or offer 3% over invoice, but not on a pilot. I looked at one last week and was very disappointed...


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Money Talk
re: About to be self employed...should I go LLC? - GoIrish02
[quote]an additional tax return (you'll still file personal taxes, plus the corporate taxes), it will cost you to incorporate[/quote] Schedule C is your friend. No need to file corporate returns or elect S corporation status to get the limited liability protection of an LLC. S corporation status ...


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Money Talk
re: Retiring at 50 - how do you calculate how much you need? - GoIrish02
[quote]$3.5 million in financial assets, minimum. [/quote] I was having this discussion with my dad recently and we came up with $3 million today. Based on a 4-6 percent annual withdrawal rate, this sum would yield $140,000 ~ $180,000 per year forever and not erode the principal sum. This is ...


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New Orleans Saints Talk
re: Where are the Loomis threads? - GoIrish02
[quote] We need more bad boys on this team. [/quote] Who know how to tackle, instead of doing commercials for 5 minute oil change. Sorry for the thread hijack, just pissed at Vaccaro. Even the bad boys get soft under this regime....


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New Orleans Saints Talk
re: Bobby is so wasted - GoIrish02
Turn it on, he's naming names... Unloading on the O Line right now...


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New Orleans Saints Talk
re: Bobby is so wasted - GoIrish02
"YOU THINK THIS A LEAGUE WHERE YOU GOTTA HAVE SWAG? DAT NFL DEFENSE LAUGH AND SMACK YOU RIGHT IN DA MOUT... YOU GOTTA TAKE POINTS IN DA NFL!!!" It's dangerous now that he owns the place and no one will cut him off....


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New Orleans Saints Talk
re: The saints fan who snagged the ball from the Cincy fan - GoIrish02
[quote]Wait,, black on white violence in NOLA ? [/quote] You won't hear about in the Times Picayune...


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Political Talk
re: Russia to now regularly patrol the Gulf of Mexico - GoIrish02
[quote] There's nothing in the gulf they'd have interest in[/quote] They're going to drill for oil off the coast of Cuba and Florida, as the Chinese already do, and/or off the coast of Mexico, now that Mexico is open to foreign interests in the energy business. The USA has 3 huge coastlines ...


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O-T Lounge
re: Why is WWL Radio so crappy? - GoIrish02
[quote]I haven't listened to him in years, but he was on a car I got in on Monday. WTH happened to his voice?[/quote] Rush went deaf, had to have his hearing restored with cochlear implants and relearn how to speak & hear all over. ...


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O-T Lounge
re: Do you know anyone like George Costanza? - GoIrish02
[quote]I think I'm the coolest person he knows & because of that he likes to hang with me. Like being seen with me gives him some kind of cred.[/quote] This sounds like the time George borrowed a picture of Jerry's girlfriend to get into the "forbidden city" models-only secret night club, by sayi...


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Money Talk
re: Capital One Debit Card Compromised - GoIrish02
[quote]Never use a debit card online[/quote] Or anywhere else to buy anything ever. The only safe and limited use for a debit card is to get cash from an ATM located INSIDE the physical premises of a bank. Not the drive up ATM outside your local branch, not your bank's ATM or another nationa...


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Posts By GoIrish02