lynxcat

re: Minimizing Tax Bill

Posted by lynxcat on 4/26/24 at 8:18 pm

401K max HSA max Standard deduction Tax loss harvest and use the $3K each year That’s effectively it. Accept it as a good problem to have and honestly don’t dwell on it. Nothing good comes from getting annoyed with a six figure tax bill. ...

re: Gave up 2 5ths to trade up 4 spots...

Posted by lynxcat on 4/26/24 at 7:20 pm

[quote]What are the odds he will be substantially better than the 45th pick? Or for that matter that he wouldn’t be there? The odds are 1 of 3 picks will hit than 1 specific pick.[/quote] Don’t expect this board to understand option value. ...

Saints Talk

-5

re: Gave up 2 5ths to trade up 4 spots...

Posted by lynxcat on 4/26/24 at 7:19 pm

These point values are so dated. ...

Saints Talk

-3

re: Why do so many people refer to SUVs as "trucks?"

Posted by lynxcat on 4/26/24 at 6:10 pm

My FIL does this. Has always been confusing to describe an SUV as a truck. It isn’t a truck. ...

re: Minimizing Tax Bill

Posted by lynxcat on 4/26/24 at 5:50 pm

Two white collar professionals making 180K each isn’t absurd. Middle management + bonus at a large company effectively....

re: Minimizing Tax Bill

Posted by lynxcat on 4/26/24 at 12:38 pm

If you are W2 income...there are limited ways to shield....

re: t-Official 2024 NFL DRAFT Thread

Posted by lynxcat on 4/25/24 at 8:52 pm

JJ at 10 is ridiculous. NFL is bizarre. ...

More Sports

re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains

Posted by lynxcat on 4/25/24 at 2:54 pm

If this would go through, not actually sure I would even invest in the market any longer. I think you would see a mass amount of outflows and a complete crash of the market. ...

re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains

Posted by lynxcat on 4/25/24 at 12:26 pm

So you tax my unrealized gains every year and increase my basis…when the stock market goes down and I realize those losses, I fully expect the ability to offset my income way past the $3K allowable amount currently. ...

re: Everyone should request an itemized hospital bill, it is really interesting

Posted by lynxcat on 4/23/24 at 7:55 pm

List price in medical bills is BS. ...

re: Student Loans

Posted by lynxcat on 4/22/24 at 6:46 am

[quote]My daughter is graduating in May 2024 should I take money from my 401k to pay off her student loans ~ 50k? We have been paying on it but the interest rate on her loan is about 8%. Im no financial guy but my wife and I have worked hard the past 30 years and we don’t won’t to keep paying these ...

re: Scheffler is not human right now.

Posted by lynxcat on 4/21/24 at 2:36 pm

His values as a person make me more interested in the game. I actually find the sport more entertaining now than ever before. ...

More Sports

re: Can high speed rail work in the United States?

Posted by lynxcat on 4/15/24 at 9:12 pm

Generic high speed rail across the US doesn’t make any sense. However, the Texas Triangle, CA coast, and NE covers massive population centers. The idea of HSR connecting Dallas-Houston-Austin and even San Antonio where I could jump on in early afternoon and do a day trip or dinner and jump back o...

re: Can high speed rail work in the United States?

Posted by lynxcat on 4/15/24 at 9:05 pm

[quote]I’ve traveled from Houma to Hammond a bunch recently.[/quote] Small town mentality isn’t the application of rail systems in the US that would be beneficial. Your independence comment, while accurate on a relative basis, is not going to be justifiable rational for people willing to take the...

re: Spinoff from the budget app thread. How do you handle accounts and payments with SO?

Posted by lynxcat on 4/13/24 at 12:20 pm

Our threshold is generally $500 discretionary. If I go to Costco and it’s $500, then so be it. Neither of us spend much outside of necessities so it’s rarely an issue. ...