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Posted on 5/16/19 at 5:40 pm to AU_251
quote:
honestly, agents must just laugh all day. Like, i'm sure most players could do what they do...
They would get completely worked over in the contract Posted on 5/16/19 at 5:42 pm to slackster
quote:dude. Do you realize what a 401k is?
slackster
Because you are shitting all over this thread with misinformation 18,000 or 18,500 is absolutely the max the employee can contribute unless over 50 years in age
This post was edited on 5/16/19 at 5:47 pm
Posted on 5/16/19 at 5:45 pm to lsupride87
quote:
dude. Do you realize what a 401k is?
A defined contribution plan.
As such, maximum contributions are $56,000. That includes elective deferrals, company match/contributions, and any after tax contributions. Do you disagree?
Posted on 5/16/19 at 5:47 pm to slackster
quote:
As such, maximum contributions are $56,000. That includes elective deferrals, company match/contributions, and any after tax contributions. Do you disagree?
So, what does this have to do with the fact Steph put in his max to the 401k? You were selling of 56,000 as the max he could contribute. Don’t backtrack now
quote:explain how Steph can put in more
It's funny because people ITT are acting like $18k, $18.5k, or $19k is the maximum. It isn't, and Steph should absolutely be putting in more.
This post was edited on 5/16/19 at 5:49 pm
Posted on 5/16/19 at 5:48 pm to lsupride87
quote:
18,000 or 18,500 is absolutely the max the employee can contribute unless over 50 years in age
It's $19k in 2019 for the type of contributions you're discussing.
Also, if the plan allows, the IRS allows for after tax contributions too. That's a fact.
Posted on 5/16/19 at 5:51 pm to slackster
Only about 40% of plans allow after tax contributions. However, it was clear this meme just picked the 401k individual pre tax max to use, and you got confused
Posted on 5/16/19 at 5:53 pm to lsupride87
quote:
explain how Steph can put in more
He can put in an additional $10,400 in after tax contributions if the plan allows, and it seems to allow them based on the CBA I found.
$19,000 elective deferrals (what lay people think is the max)
$26,600 employer contributions (based on reported 140% match)
$10,400 (after tax payroll deductions that lay people and CPAs like lsupride didn't know existed)
Posted on 5/16/19 at 5:53 pm to lsupride87
Pride v slack 
Posted on 5/16/19 at 5:54 pm to slackster
quote:
if the plan allows,
Found the important part.
Posted on 5/16/19 at 5:54 pm to slackster
What in the frick are y’all arguing about?
Posted on 5/16/19 at 5:54 pm to boom roasted
quote:should be this boards motto
What in the frick are y’all arguing about?
Posted on 5/16/19 at 5:54 pm to slackster
Dude you know you blew this
This is a lazy meme that simply found the old 401k limit and applied it. We made fun of the welders who didn’t know the max contribution. You then tried to act smarter and overplayed your hand
This is a lazy meme that simply found the old 401k limit and applied it. We made fun of the welders who didn’t know the max contribution. You then tried to act smarter and overplayed your hand
Posted on 5/16/19 at 5:55 pm to lsupride87
quote:
This is a lazy meme that simply found the old 401k limit and applied it. We made fun of the welders who didn’t know the max contribution. You then tried to act smarter and overplayed your hand
Pretty much this.
Posted on 5/16/19 at 5:56 pm to lsupride87
quote:
Only about 40% of plans allow after tax contributions. However, it was clear this meme just picked the 401k individual pre tax max to use, and you got confuse
What am I confused about? I said the meme is lazy and inaccurate, but people thinking $18k is the max is wrong. He could put $55k total when the limit was $18k.
Posted on 5/16/19 at 5:57 pm to TH03
quote:
Found the important part.
It does allow.
Posted on 5/16/19 at 5:57 pm to slackster
quote:
but people thinking $18k is the max is wrong.
quote:
Only about 40% of plans allow after tax contributions.
So people thinking $18k was the max were right 60% of the time. Also known as the majority of the time.
In other words, more often than not, those people were right.
This post was edited on 5/16/19 at 5:58 pm
Posted on 5/16/19 at 5:57 pm to WestCoastAg
Now I’ve argued about some dumb shite, but arguing about Steph Curry’s 401k contributions has to take the cake.
Posted on 5/16/19 at 5:58 pm to slackster
quote:Actually he couldn’t put 55k in slack
He could put $55k total when the limit was $18k.
Considering th nba has a match, Curry can not put 55k in himself because he would be far over the total contribution limit of 55k
Posted on 5/16/19 at 5:58 pm to boom roasted
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