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

Posted on 5/16/19 at 6:25 pm to
Posted by lsupride87
Member since Dec 2007
94717 posts
Posted on 5/16/19 at 6:25 pm to
No no boom. I’m the CPA. Slack is just a simple Plan Administrator

The public counts on me to keep his kind in line
Posted by slackster
Houston
Member since Mar 2009
84571 posts
Posted on 5/16/19 at 6:40 pm to
quote:


I think it was clear the posters speaking to 18.5k as the max were talking about the generic pre-tax amount that is standard in 401k’s. Some of your other comments made me think you got confused on total contribution and employee contribution

No more, no less


I think 98% of people who contribute to a 401k know one number, and that's the max pre tax contribution. I just wanted to bel clear that a guy like Steph should, in all likelihood, take advantage of as much tax deferred growth as possible, and the total limit of $55/$56 would apply.

My comment about the .05% was sarcasm considering many people have to put 10-20% in order to reach the max individual pre-tax level.

Steph can fill up the gap between his pre tax, his employer's contribution, and the $55k/$56k. That's the true defined contribution max allowed.
Posted by slackster
Houston
Member since Mar 2009
84571 posts
Posted on 5/16/19 at 6:41 pm to
quote:

Slack is just a simple Plan Administrator


Eww, gross, no.

quote:

The public counts on me to keep his kind in line



I spoke the truth this whole thread. Sorry it went over your head.
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 5/16/19 at 6:47 pm to
Are we really entering our fifth page of arguing how much Steph Curry is allowed to put into his 401K?

Why yes, yes we are.
Posted by Dawgsontop34
Member since Jun 2014
42426 posts
Posted on 5/16/19 at 7:55 pm to
quote:

We can schedule it after the MSB liberal crew meet and greet hosted by me and dawgsontop


LETS GOOOOOOOOOOOO
Posted by Dawgsontop34
Member since Jun 2014
42426 posts
Posted on 5/16/19 at 8:04 pm to
quote:

Go to 401k provider or HR Benefits website. Search for Summary Plan Doc. Open doc. Ctrl + f then type in after tax. Profit.


I’m probably the only person on this board poor enough to be still taking advantage of the Roth, so I’ll be good to go eventually

At least once our Lord and Savior Bernie Sanders wins the presidency, WCA and I are going to dominate this board as the two very staunch liberals we are.
Posted by wildtigercat93
Member since Jul 2011
112166 posts
Posted on 5/16/19 at 8:09 pm to
Guys, I haven’t filed my taxes yet

Is that bad
Posted by WestCoastAg
Member since Oct 2012
144923 posts
Posted on 5/16/19 at 8:09 pm to
YES
Posted by Dawgsontop34
Member since Jun 2014
42426 posts
Posted on 5/16/19 at 9:16 pm to
Who are we pulling for?

Bernie, Beto, Pete, or Ms. Warren? So many good choices.
Posted by WestCoastAg
Member since Oct 2012
144923 posts
Posted on 5/16/19 at 9:21 pm to
Wake me up in 2024 when AOC or ilhan Omar make a serious run
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
72789 posts
Posted on 5/16/19 at 9:21 pm to
quote:

Bernie, Beto, Pete, or Ms. Warren?


Imagine actually wasting a vote of one of these losers

I would be ashamed forever
Posted by ThanosIsADemocrat
The Garden
Member since May 2018
9395 posts
Posted on 5/16/19 at 9:29 pm to
quote:

Bernie, Beto, Pete, or Ms. Warren? So many good choices.


Robert Francis has no chance
Posted by Dawgsontop34
Member since Jun 2014
42426 posts
Posted on 5/17/19 at 10:49 am to
quote:

AOC or ilhan Omar make a serious run



The Dream obviously.

Throw in Stacey Abrams as the Vice President nominee.
This post was edited on 5/17/19 at 10:50 am
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71268 posts
Posted on 5/17/19 at 11:47 am to
I'm assuming they aren't breaking out away games tax rates and such, so it's probably more than that.
This post was edited on 5/17/19 at 11:48 am
Posted by guydiamond
Arizona
Member since Jun 2017
555 posts
Posted on 5/17/19 at 11:59 am to
Do you really need a 401k at that point?
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