NeverNorthof I10

I'm here too looking for somewhere to watch the game. Preferrably somewhere not family friendly.

Don't

quote:

---

How many guys are worried about their GPA when they are 17-21? I was chasing skirts and drinking beer and that is all I cared about

---

While doing this if you have a heartbeat you will also maintain a 3.0. I don't care what your undergrad is unless it is engineering there is absolutely NO excuse to have below a 3.0.

quote:

---

The amount of capital you've managed to gather is enormously important, but *completely* different from your ability to do something with it.

---

Not in my estimation. If you have a lot of capital then you have the ability to do something with it and vice versa.

quote:

---

Bob Sacamano

---

What is truly :rotflmao: is the thread you made on the OT where you and 50% of the posters in it didn't know what net worth was. You thought it was annual salary. That is truly :rotflmao:

22, ~$500,000

USAGX

1. Take a lump sum distribution, in which case your 401k plan provider will write you a check for the value of your account less a 20% withholding tax mandated by the IRS, and a 10% withdrawal penalty. The 20% tax that is withheld, but NOT the 10% penalty, will be counted against your income tax payable or will be counted towards any refund due for the tax year when you file your tax return.

General exceptions: The 10% penalty does not apply to distributions that are:

1- Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after separation from service).

2- Made because you are totally and permanently disabled, or

3- Made on or after the death of the plan participant or contract holder.

4- From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55

5- From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order,

6- From a qualified retirement plan to the extent you have deductible medical expenses (medical expenses that exceed 7.5% of your adjusted gross income), whether or not you itemize your deductions for the year,

7- From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election

8- From an employee stock ownership plan for dividends on employer securities held by the plan, or

9- From a qualified retirement plan due to an IRS levy of the plan.

(Source: IRS)

quote:

---

Really?

---

Yeah really.

Yeah and I wonder why...