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Dreamweaver
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| Number of Posts: | 51 |
| Registered on: | 8/3/2011 |
| Online Status: | Not Online |
Recent Posts
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re: This is the nightmare electoral votes scenario.
Posted by Dreamweaver on 7/19/24 at 2:30 pm to Bama Bird
it does go to the house in that scenario but the choice is made by state delgations, 25 or 26 of the state delegations need to have a majority of r's over d's', absolute majority means nothing, I havent looked recently but the house d's are heavily represented in a few states, which dilutes their strength when it comes to state delegations.
re: More Details Emerge on Depth of Virginia Rape Coverup: MSM Silent…
Posted by Dreamweaver on 10/15/21 at 10:36 am to Toomer Deplorable
Dems just playing the long game here waiting in case this boy becomes a republican supreme court justice nominee, then gotcha!
In all seriousness the fact that the dems puahed the whole blasey ford crap but conspire to hide this shows you how evil they are!
In all seriousness the fact that the dems puahed the whole blasey ford crap but conspire to hide this shows you how evil they are!
re: Contribute to an IRA or not
Posted by Dreamweaver on 6/6/13 at 7:40 pm to lsu13lsu
I'll answer that for you, it's tracked on IRS Form 8606. It's called your "basis" in the IRA, this has no relation to cost basis. When you withdraw funds from the IRA, a pro-rata portion of the withdrawal will not be considered taxable and that amount will go to reduce your basis, until eventually you use us all the basis.
re: SEC scheduling question
Posted by Dreamweaver on 11/8/12 at 9:00 am to Tigerstark
Because we are one conference, not a conference with two separate sets of teams (Bama, Tenn, AU, UGA)and the rest.
The whole football scheduling mess is the reason I was so opposed to conference expansion (not to mention what it does to scheduling/tournament structure in other sports). 12 was such an ideal number.
BTW, I'm just curious, can anyone answer this question for me. What was the scheduling rotation in the years just prior to the expansion to 12 teams. We played 7 Conference games a year right, what teams were permanent opponents and how did the non permanent teams rotate?
The whole football scheduling mess is the reason I was so opposed to conference expansion (not to mention what it does to scheduling/tournament structure in other sports). 12 was such an ideal number.
BTW, I'm just curious, can anyone answer this question for me. What was the scheduling rotation in the years just prior to the expansion to 12 teams. We played 7 Conference games a year right, what teams were permanent opponents and how did the non permanent teams rotate?
re: SEC scheduling question
Posted by Dreamweaver on 11/8/12 at 7:31 am to bluestem75
quote:
It's simple:
8 game schedule. No divisions. No 'permanent' opponents.
Each school would play:
3 teams each year for four years
5 of the 10 other schools would rotate onto the schedule for a home and home for two years
5 remaining schools rotate home and home for the next two years in this four-year cycle.
Top 2 records go to Atlanta (tiebreakers would be necessary)
Then, switch out the three four-year schools and start over.
In this system, each school would play every school in the conference at least twice every four years. To placate Bama, TN, Aub, and GA, the longest any school would go without playing the other would be two years.
Unfortunately, because of the NCAA rules on having a conference championship game this won't work. The rules are that the conference must be seperated into divisions and the teams in those divisions must play a round robin schedule against everyone in their division. So by having two 7 team divisions, 6 of every team's games are already set in stone, the only one's movable are the cross-divisional games.
re: 2013 IRS Inflation Adjustments re: IRA's & Gift taxes
Posted by Dreamweaver on 10/19/12 at 12:25 pm to Waffle House
If you are over the income limits for the Roth IRA, there is a still a way you can contribute to a Roth. Just goggle "backdoor roth ira" for how to do it.
re: Shocked at how much 2001 4Runner is valued
Posted by Dreamweaver on 10/10/12 at 9:09 am to Rev1897
Ive been happily surprised at how well my 2010 tacoma pre runner has held its value. KBB says its still worth $20k, a depreciation rate of ~10% a year in the years where the depreciation is supposed to be the worst.
BTW, you can partially thank or despise the cash for clunkers program for the high cost of used vehicles today depending on what side of the transaction you are on
BTW, you can partially thank or despise the cash for clunkers program for the high cost of used vehicles today depending on what side of the transaction you are on
re: Fumble recovery after play is blown dead
Posted by Dreamweaver on 10/7/12 at 7:32 am to TheSexecutioner
So anytime a ball hits the turf even after a play has been declared dead, players should just assume it was a fumble and jump all over it. Not only is that stupid, but someone is gonna get seriously hurt in that situation. I thought the NCAA was looking out for player safety, after all that's why they are trying their damnd'est to get rid of the kickoff return.
re: Fumble recovery after play is blown dead
Posted by Dreamweaver on 10/6/12 at 6:06 pm to TK421
So by that logic, that play should just continue on, and no matter how many refs blow the whistle the players should just keep hitting each other. This is one aspect of the replay rules that the NFL has right!
re: Fumble recovery after play is blown dead
Posted by Dreamweaver on 10/6/12 at 5:58 pm to TK421
How can a player clearly recover a ball after a play has been blown dead. Stupidest rule in all of sports!
re: Fumble recovery after play is blown dead
Posted by Dreamweaver on 10/6/12 at 5:36 pm to GonzoLeslie
Then there should be no such things as late hit penalties! Are the players just supposed to determine on their own when to continue playing or not!!!!
re: IRA to Roth IRA
Posted by Dreamweaver on 9/21/12 at 3:51 pm to Beerinthepocket
You would be able to convert the whole amount since a conversion is not the same as a contribution. You could do the conversion and also a contribution in the same year as long as you are within the AGI limits for a Roth contribution this year ( there are no AGI limits on conversions right now)
re: IRA to Roth IRA
Posted by Dreamweaver on 9/21/12 at 12:04 pm to Beerinthepocket
What you are talking about doing is called a conversion, and if you do it you will be responsible for taxes on the $5900 if you were entitled to and took the deduction for the original traditional IRA contribution(s). IMHO, its a smart move as long as you can pay the taxes with money that you have and dont have to tap the IRA to get it.
re: 401k Question
Posted by Dreamweaver on 9/16/12 at 3:06 pm to Lsut81
Keep in mind that whatever assets you own, and are doing so well for you in your 401(k) plan, can probably also be owned in a IRA. Just because a certain investment is in a 401(k) plan doesn't mean it's not available to the general public. So for instance if you own $100,000 worth of a certain Vanguard Mutual Fund in your 401(k) plan, you can probably buy that same Vanguard Mutual Fund in an IRA. Just because you are doing well in your investments in your 401(k) doesn't mean you can't do just as well with the exact same investments in a rollover IRA. Whether in the process of the rollover you have to convert that amount to cash then rebuy the mutual fund after the rollover or if you can just rollover the assets is something I'm not that familiar with.
If you do go ahead with the rollover to a traditional IRA then do the conversion to a Roth (AFAIK it has to be a two step process, you can't do a direct rollover from a traditional 401(k) to a Roth IRA) you will owe ordinary income taxes on the amount converted (minus any post-tax amounts in your accounts), so where you get the money to pay those taxes is important. If you happen to have the money to pay them outside of any retirement accounts (or are over 59.5 years of age, which I gather you are not) that is the ideal situation, because if you have to do withdrawals from the retirement accounts to come up with the money to pay for the taxes, those withdrawals will also be subject to the 10% early withdrawal penalty.
Also, you are correct about the differences between the IRA and ROTH IRA. In the traditional IRA, you don't pay taxes on the contributions, but you pay taxes on the withdrawals. In a Roth IRA, you pay taxes on the contributions, but don't pay any taxes on the withdrawals. Another side benefit of the Roth is that all the contributions are yours at any time and withdrawals are designated on a FIFO (First In First Out) basis. So say you have put $20,000 into a Roth IRA over the past couple of years, and it has grown to $30,000. You can withdraw that $20,000 at any time you want(no tax, no penalty), so it kind of acts as a extreme emergency fund. That idea does work a little differently in a conversion situation, because there is a five year waiting period on being able to withdraw money you have converted.
Two great resources for information on this stuff are the website fairmark.com and a website associated with a financial planner named Ed Slott (he is truly the IRA expert and is where I've learned all this info from)
If you do go ahead with the rollover to a traditional IRA then do the conversion to a Roth (AFAIK it has to be a two step process, you can't do a direct rollover from a traditional 401(k) to a Roth IRA) you will owe ordinary income taxes on the amount converted (minus any post-tax amounts in your accounts), so where you get the money to pay those taxes is important. If you happen to have the money to pay them outside of any retirement accounts (or are over 59.5 years of age, which I gather you are not) that is the ideal situation, because if you have to do withdrawals from the retirement accounts to come up with the money to pay for the taxes, those withdrawals will also be subject to the 10% early withdrawal penalty.
Also, you are correct about the differences between the IRA and ROTH IRA. In the traditional IRA, you don't pay taxes on the contributions, but you pay taxes on the withdrawals. In a Roth IRA, you pay taxes on the contributions, but don't pay any taxes on the withdrawals. Another side benefit of the Roth is that all the contributions are yours at any time and withdrawals are designated on a FIFO (First In First Out) basis. So say you have put $20,000 into a Roth IRA over the past couple of years, and it has grown to $30,000. You can withdraw that $20,000 at any time you want(no tax, no penalty), so it kind of acts as a extreme emergency fund. That idea does work a little differently in a conversion situation, because there is a five year waiting period on being able to withdraw money you have converted.
Two great resources for information on this stuff are the website fairmark.com and a website associated with a financial planner named Ed Slott (he is truly the IRA expert and is where I've learned all this info from)
re: 401k Question
Posted by Dreamweaver on 9/16/12 at 11:41 am to Lsut81
Fyi, you can't roll it into a Roth unless it is specifically a Roth 401(k), which have only been around since 2006 or so. You could roll it to a traditional IRA and then do a conversion (by paying taxes on the amount converted) to get it into a Roth IRA. If you are happy with your investment choices in the 401(k), which probably number only in the dozens, then keeping it there is an OK choice, but by putting it into a traditional IRA nearly the whole market opens up to you as options. In other words by having the money in a traditional IRA, you can invest in almost any stock or mutual fund you want to and arent limited to the few choices in your 401(k) plan. Hope this helps.
re: Why does it seem there are almost no-hitters almost every day now?
Posted by Dreamweaver on 6/14/12 at 8:42 am to barry
The question is were any of the errors in those 8 games dropped foul flies, that is the only type of error that still allows for a perfect game, because the runner doesn't necessarily get on with that type of error
From the wikipedia article on perfect games
"An error that does not allow a batter to get on base, such as a misplayed foul ball does not spoil a perfect game"
From the wikipedia article on perfect games
"An error that does not allow a batter to get on base, such as a misplayed foul ball does not spoil a perfect game"
re: Why does it seem there are almost no-hitters almost every day now?
Posted by Dreamweaver on 6/14/12 at 7:17 am to LSUSoulja08
FWIW, a perfect game doesn't necessarily have no errors, a dropped foul fly is officially an error on the books regardless of whether the batter eventually reaches base or not. So you can have errors in a ball game and still have 27 consecutive outs.
re: Back to the Future II - Just realized how stupid the concept is
Posted by Dreamweaver on 6/8/12 at 9:53 am to OMLandshark
And how long could Biff get away with betting based on the Sports Almanac anyway. Either the bookies are going to stop taking his bets, because of their tired of paying him off, or the fact that he is betting on Team X is gonna change the odds/spread so much that it will become unprofitable for him.
re: Beating capital gains on sale of inherited property
Posted by Dreamweaver on 5/8/12 at 12:27 pm to krehn11
Thanks krehn11 and you are absolutely right. Just wanted to make the OP aware that if his dad happened to die in 2010 the step up may not be automatic and he may have to do just what you suggested. It was also meant as a backhanded comment at how f'ed up our current political situation is vis a vis the constant end of the year tax extensions.
re: Beating capital gains on sale of inherited property
Posted by Dreamweaver on 5/8/12 at 8:21 am to Poodlebrain
Unless your father died in 2010, when "step up in basis" didn't necessarily apply (trust me, because Congress couldn't make up their mind, it gets real complicated) due to the Bush tax cuts eliminating the Estate Tax that year.
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