SoCon Locks, M.D.

Never kill yourself

@RealSethRaynor Excited.

Golf in Bham with @SoConLOCKS this weekend 🥳

@SantaRig19 We are not the same

@SoConLOCKS See this is where we differ. Imagine rocking this bad boy through an airport. Giving the proverbial middle finger to everybody in the 1/2 mile long at CAVA and strolling into the centurion for some food that’s been sitting out all day. Thats baseball brotha.

American Express has fallen.

@TedSinclairUSA @MarkWarner Close, but it’s AmEx CEO Steve Squeri

@SoConLOCKS Is that @MarkWarner?

@WhiteHouse Love the bit any time it is really cold you just make fun of global warming freaks

"Record Cold Wave expected to hit 40 States. Rarely seen anything like it before. Could the Environmental Insurrectionists please explain — WHATEVER HAPPENED TO GLOBAL WARMING???" - PRESIDENT DONALD J. TRUMP🇺🇸

@BoringBiz_ Sad.

I will keep pounding the table on this because people don’t realize how bad it is We are actively destroying family formation and upward mobility of people in their 20s and 30s just to make boomers happy They are already the wealthiest generation by far. They already make up the majority of the political class But it is still not enough > more money printing that benefits the asset holders at the expense of savers > more regulations that prevent new housing construction at the expense of new homebuyers > more tax cuts that transfer wealth from the working youth to the idle old > more deficits and national debt that the younger generation will have to bear the burden for The youth no longer believe in a capitalistic system because their elders have taken it as hostage for themselves The youth no longer have skin in the game of society. A generation with no stake in the system would rather watch it burn

Bucky atop the SEC. Nature is healing

Beans of the day

Pleased to take my talents back to the tampa bay area.

@shehadi_dadi If you knew this account, you would know my stance on Rory.

@SoConLOCKS You feel the same way about Rory who was penalized under same ruling I assume.

La Sasso has shown little respect for the integrity of the game (cheater) and even less ability to make friends on tour. This isn’t a loss; rather, it’s a great day for America, golf, and the PGA Tour. Golf has no space for those who treat rules like suggestions. Good riddance.

@barogue1_can You act like I don’t have sources. People are calling him Michael “P Reed” La Sasson (no inclusions) golf.com/news/star-amat…

@SoConLOCKS Hope you have a great attorney

ACComplish ACColades UVA Football finished #16 btw. The SEC is a dying brand.

@RileyRuby2 Patting down the rough is patrick reed behavior. Great company!

@SoConLOCKS Whole lotta nothing here man idk. No details

@g00d_shot It’s quite telling those that are willing to sell out this early. Spineless.

@SoConLOCKS His behavior at the Walker cup was highly concerning. Seems like a great fit for the HiFlyers ™️

@gomergolfs Gomer, not sure how you saw this coming… your instincts are unmatched.

Michael LaSasso will be throwing away a Masters appearance and any shot at a serious golf career today. Unfortunate timing with the recent 5- inch inseam ban!

@BeaverTailCreek There are worse ways to spend tuesday nights

Doesn’t suck.

@TyWebbsBurner @markcecchini Cause it made me laugh out loud. If it didn’t make you laugh, you don’t know enough about retirement accounts

@SoConLOCKS @markcecchini Why did you make me read that (it’s basically another one of my dads lectures)

COMMANDER: We’re fighting for freedom. And part of that freedom… is the freedom to retire with dignity. So we’re going to start accounts called 401(k)s. SOLDIER 1: What’s a 401(k)? COMMANDER: It’s a retirement account. You put money in, it grows tax-free, you take it out when you’re old. SOLDIER 2: So I don’t pay taxes on it? COMMANDER: Well, you pay taxes later. When you withdraw. SOLDIER 2: So it’s not tax-free. COMMANDER: It’s…tax-deferred. SOLDIER 2: What’s the difference? COMMANDER: You pay taxes later instead of now. SOLDIER 1: What if I want to pay taxes now? COMMANDER: Then you do a Roth 401(k). SOLDIER 3: What’s a Roth? COMMANDER: You pay taxes now, and it grows tax-free. SOLDIER 2: That’s what I thought the first one was. COMMANDER: No, the first one you pay taxes later. SOLDIER 1: Which one’s better? COMMANDER: Depends on your tax bracket in retirement. SOLDIER 1: …How would I…know that? COMMANDER: You don’t. You just guess. ⸻ SOLDIER 4: What if I don’t have a 401(k) through my employer? COMMANDER: Then you open an IRA. SOLDIER 4: What’s the difference? COMMANDER: One’s through your job, one’s on your own. SOLDIER 4: Can I have both? COMMANDER: Yes. SOLDIER 4: Should I? COMMANDER: Maybe. SOLDIER 3: Can I do a Roth IRA? COMMANDER: Only if you make under a certain amount. SOLDIER 3: What’s the limit? COMMANDER: Changes every year. SOLDIER 2: What if I make too much? COMMANDER: Then you do a backdoor Roth by putting it in a Traditonal first. SOLDIER 2: …Is that legal? COMMANDER: Surprisingly, yes. SOLDIER 1: What’s a backdoor Roth? COMMANDER: You contribute to a traditional IRA, then convert it to a Roth…but watch out for “pro rata”. SOLDIER 1: Why wouldn’t I just contribute to the Roth directly? COMMANDER: Because you make too much money. SOLDIER 1: But this way I can? COMMANDER: Yes. SOLDIER 1: That feels like a loophole. COMMANDER: It is. But the IRS is cool with it. ⸻ SOLDIER 5: I just changed battalions. What do I do with my old 401(k)? COMMANDER: You roll it over. SOLDIER 5: Into what? COMMANDER: An IRA. Or your new 401(k). Depends. SOLDIER 5: On what? COMMANDER: The funds. The fees. Whether your new plan accepts rollovers. SOLDIER 5: What if I just take the money out? COMMANDER: You’ll pay taxes plus a 10% penalty. SOLDIER 5: What if I’m 59? COMMANDER: Penalty. SOLDIER 5: 59 and a half? COMMANDER: No penalty. SOLDIER 5: …The half matters? COMMANDER: The half matters. ⸻ SOLDIER 3: What’s a mega backdoor Roth? COMMANDER: Okay. So. Your 401(k) has a limit of how much you can contribute. SOLDIER 3: Right. COMMANDER: But the total limit including employer contributions is higher. SOLDIER 3: Okay… COMMANDER: So if your plan allows ~after-tax~ contributions, you can put in more, then convert that to Roth. SOLDIER 3: Does my plan allow that? COMMANDER: I don’t know. You have to ask Betsy. SOLDIER 3: Will Betsy know? COMMANDER: Probably not. ⸻ SOLDIER 2: Can I deduct my IRA contribution on my taxes? COMMANDER: Are you covered by a retirement plan at work? SOLDIER 2: Yes. COMMANDER: Then only if you make under a certain amount per year. SOLDIER 2: What’s the amount? COMMANDER: Depends if you’re married. SOLDIER 2: What if my wife has a plan but I don’t? COMMANDER: Different limit. SOLDIER 2: What if neither of us has a plan? COMMANDER: Full deduction. SOLDIER 2: So it’s better to not have a 401(k)? COMMANDER: No… ⸻ SOLDIER 1: Can I just keep my money in a sock? COMMANDER: You could. But inflation will slowly destroy it. SOLDIER 1: What’s inflation? COMMANDER: (sighs)…