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CRDNLSCHMCPSN11
Missouri Fan
Member since Dec 2014
10798 posts

re: Steph Curry takes home only 44% of his $34.6m salary
What is escrow and shortfall?


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lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
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


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lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

slackster
dude. Do you realize what a 401k is? 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 at 5:47 pm


slackster
Stanford Fan
Houston
Member since Mar 2009
59082 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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?


lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
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:

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.
explain how Steph can put in more
This post was edited on 5/16 at 5:49 pm


slackster
Stanford Fan
Houston
Member since Mar 2009
59082 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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.


lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
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


slackster
Stanford Fan
Houston
Member since Mar 2009
59082 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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)


TH03
Iowa State Fan
Dallas
Member since Dec 2008
156210 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Pride v slack


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TH03
Iowa State Fan
Dallas
Member since Dec 2008
156210 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

if the plan allows,


Found the important part.


boom roasted
Member since Sep 2010
28039 posts

re: Steph Curry takes home only 44% of his $34.6m salary


What in the frick are y’all arguing about?


WestCoastAg
UCLA Fan
President, Braden Mann Fan Club
Member since Oct 2012
111542 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

What in the frick are y’all arguing about?
should be this boards motto


lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
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


TH03
Iowa State Fan
Dallas
Member since Dec 2008
156210 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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.


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21
slackster
Stanford Fan
Houston
Member since Mar 2009
59082 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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.


slackster
Stanford Fan
Houston
Member since Mar 2009
59082 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Found the important part.


It does allow.


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TH03
Iowa State Fan
Dallas
Member since Dec 2008
156210 posts

re: Steph Curry takes home only 44% of his $34.6m salary
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 at 5:58 pm


boom roasted
Member since Sep 2010
28039 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Now I’ve argued about some dumb shit, but arguing about Steph Curry’s 401k contributions has to take the cake.


lsupride87
LSU Fan
River Ridge
Member since Dec 2007
59636 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

He could put $55k total when the limit was $18k.
Actually he couldn’t put 55k in slack

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




TH03
Iowa State Fan
Dallas
Member since Dec 2008
156210 posts

re: Steph Curry takes home only 44% of his $34.6m salary


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