F8
34.4K posts
F8
@fortune8
Even a blind squirrel finds a nut at times...Don't be a blind squirrel, find your nuts all the time.
Beigetreten Haziran 2008
211 Folgt1.7K Follower
I owe $4,900 in taxes this year because I did too well in my new small construction business.
You're punished for making more money if you're in the wrong bracket.
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Sorry, I'm never paying $1.5m for your $700k house.
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@optionscjp You need to talk to Sr. Tax Advisor !!! Parents purchased house when interest was 12%+++
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I’m having a hard time grasping why anybody would buy a house in California right now
The price we pay for rent is $7000 but our house is worth $2.5 million.
If we were to buy that house, our mortgage payment would be like $20k plus we would have to put 20% down
With the economy, the way it is why would anybody want to lock themselves into 30 years of $20,000 a month payments?
When I could rent the same house for $7000 a month and if shit hits the fan, I can just come move somewhere cheaper
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@Investinc_Intel Home is best investment!!! Anyone who tells you otherwise is an IDIOT!!! Retired SR TAX Advisor @HRBlock after 18 yrs!
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I am 24 years old. Would you encourage me to purchase a starter home or rent in this environment?
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$HIMS
Just your reminder that $HIMS has no right to be at this level
Back to $40 next.
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@BoomerDivvies if you sell your gold you have cash
if you sell your stocks you have cash
if you sell your house you have rent
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If my house is worth substantially more than all your assets combined,
explain to me again why it “doesn’t count” in my net worth.
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DAM @BankofAmerica @MerrillLynch A new account notice/disclosure is now available online and in our mobile app. JUST SEND THE DAM DISCLOSURE !!!
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@GrassFedBTC @shaguncrypto BINGO! Missing BIG pictures! Many transactions/activities may be tax related. Consult w Sr Tax Advisor vs CLOWS! House is first and investment in USA. Don't know about other countries!
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@shaguncrypto This calculation does not take equity into acct.
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$2,500 rent vs $3,500 mortgage
That’s a $1,000/month difference
Add in:
Property tax
Maintenance
Insurance
Real gap could be $1,500+/month
Invest that at 8% for 30 years is $1M+
Is owning always better?
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Invest in your 401k. Don’t listen to the losers.
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@dougboneparth @bronzeageshawty @dougboneparth BINGO!!! 80% are idiot !!! Especially @bronzeageshawty TROLL.
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This is rage bait, correct? But, whatever. Get this.
First, investing money regardless of where you’re investing it is a good thing. So, for anyone putting money in their 401k, good work. Keep it up.
Second, there are tax advantages to using a 401k and, if you understand those advantages and the tax code a little bit, you can make your investments “last longer”.
Third, there are so many ways to plan for distributing money from a retirement plan. From Roth contributions that can come out tax and penalty-free before age 59.5 (not age 65) to things like making Section 72(t) distributions from an IRA. It’s a knowledge game.
Lastly, you can invest outside of a 401k and fully optimize your retirement plan. Personal finance has so many tools at your disposal to create outcomes that work best for the individual. There’s no one size fits all solution.
So, it’s not that 401ks are dumb. It’s that you just don’t know what you’re talking about.
Byeeeeeeeee.
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401ks are stupid. "Wow, I can't wait to finally have 600 thousand dollars at age 65 to last me the next 20 years. I'm glad I spent 40 years as a slave."
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A realtor in my local market just said:
“The only thing that matters to a buyer is the monthly payment.”
Is that true?
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Should you take bigger risks with investments when you’re younger?
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