I just paid $1200 to fly RT IDA to PHL to go my cousin's wedding. Wasn't any better going out of SLC for the dates I needed. It cost me less to fly JAC to LHR last summer.

I normally would have...

Well, in theory the economy has grown over the past two years, no?

https://tradingeconomics.com/united-states/gdp

Not to say we won't have further contractions like we did in Q1.

This whole...

By long term chart, are you looking at where things were the last time rates were at levels where the FFR is expected to go to? Just trying to understand your methodology since I don't know much...

Yes, if you take pre-tax money from a traditional 401k or IRA and then move it to a Roth IRA it is taxable event. No way around taxation in that scenario. I agree with you on that.

You...

Well, thanks. Glad there is someone else who understands the pro rata rule for backdoor Roth IRA conversions.

Marshall Tucker should be by anytime to tell you that you're wrong and call you a...

Been in Hawaii for a couple weeks.

RE: BillyK's post- I agree with you that converting pre-tax traditional IRA dollars to a Roth is a taxable event. No pro rata rule would apply, because all of...

Yes, at the expense of every form of asset ownership being made more expensive than wage gains for the same people.

So you anticipate that full employment and zero rates will produce more leverage for workers if we keep things going the way they are? Inflation be dammed, keep things on current trajectory and labor...

I'm sure you're a true champion of the people with well founded, perfectly intentioned reasons for all of your beliefs. It's everyone else that's the problem.

At least we can agree on Xi being...

Maybe you're right.

We should just keep interest rates low forever and accept nothing less than full employment under any circumstances. People are better off with 8.5% or 10% or 20% CPI...

Full employment means nothing if a significant portion of workers can't afford rent, food and gas and if the low rates fueling full employment allow institutional investors to outcompete labor for...

Inflation is a tax on the poor. The right thing to do is to control inflation, but the fed and the administration doesn't seem to be too worried about tackling it. They're a year behind at least.
...

There's a thought that the Fed won't aggressively raise rates to combat inflation because of the Q1 economic contraction.

If the Fed doesn't raise rates significantly, I'd bet we head towards...

You keep thinking this is about basis, but basis in the IRA is not the issue at hand.

Have you performed backdoor Roth IRA conversions for yourself or advised a client on how to do so?

If you...

I'm not trying to provide something new or impress you. There's nothing impressive about following simple flow charts for retirement tax strategy, and by nature tax law is pedantic.

I've linked to...

What are your thoughts on the idea that the Fed can only raise rates so much before US sovereign debt isn't serviceable?

Things look pretty dire going into the season.

413953

413954

So we've gone from "^ Jezus H Christ. These posts are just totally fucked up. Why would you ever move money FROM an IRA INTO a 401k? Stupid." to "You want money in a Roth. The money going in is...

Fairly interesting overview of current food issues here-


https://www.youtube.com/watch?v=K6knVq8OfgY

I don't think you got an answer to this.

Who are you using for the Rollover IRA? Best to call them first or go online to get details on their rollover process (some have you fill out a form online...

Sure, if your 401k allows roll ins and assuming it has a favorable fee structure, you can roll the IRA into a 401k.

If the 401k you have access to when has high fees and high expense ratios or...

To start, surely we can agree that it is generally best for an individual to use all tax advantaged options available when investing for retirement? E.g., it generally wouldn't make sense to invest...

You keep acting like you are an authority on retirement without understanding (or at least admitting) that there are specific circumstances that make moving money from a traditional IRA into a self...

Also worth noting - no annual report needed for self directed 401k if plan assets are under $250k if you aren't taking distributions.

Over $250k you need to file Form 5500 EZ once per year. It...

My solo 401k is set up with Vanguard. Yes, you can easily do it yourself.

Solo 401ks rarely get audited. It's not like the IRS can claim highly paid employees of my solo 401k disproportionately...

^ it doesn't take much to be a business. You just need an EIN from the IRS, which is free and takes like 10 minutes to set up.

Agreed, which is why I said-



I should have said "you cannot roll traditional 401k into Roth IRA without having a taxable event. Don't do that".

Yes, the contribution to the IRA is money that I've already paid income tax on. When I backdoor and concert the tradional IRA into a Roth IRA it grows tax free going forward.

Have you never heard...

The question ultimately is whether the money in your 401k is a Roth or traditional contribution.

If Roth, rollover into Roth IRA is easy.

If not, rollover into traditional IRA is easy.

Be...

The entire point of a backdoor roth is to be able to legally contribute to a Roth IRA if your income is otherwise too high.

If you follow the pro-rata rule by rolling 100% of the balance of an IRA...

Were your 401k contributions Roth (after tax) or traditional?

If you have Roth money in a 401k, you can easily roll it into your Roth IRA.

Employer contributions are always non-roth, so they...

Yes, the pro rata rule.

You are allowed to contribute $6k per year to an IRA or Roth IRA. If you make enough money, you don't qualify for a Roth IRA and you also get no tax break from...

Interesting. The WC is so much more ski than the DW. Interesting that for the narrow variants, the WC108 is softer than the DW104. I'm intrigued by the idea of a softer WC...

I have the WC, DW and...

16 mm is almost 2cm...

I first started figuring out how much ramp angle matters to me on a pair of FT12s. They skied horribly. Adding to the poor performance was a pair of Dynafit Titan boots I...

Fair enough. They're a hell of a lot better than my old dynafit verticals with almost 2cm of delta

Sri Lanka has suspended payment on all external debt. https://www.reuters.com/world/asia-pacific/sri-lanka-temporarily-suspend-foreign-debt-payments-c-bank-governor-2022-04-12/

They're going to...

I honestly wonder if it is for sale because a divorce and whoever listed it just wants to fuck with the other party by listing for 3x market value and posting pictures of "the good times".

Here's a quaint listing in Alta, WY. It appears that family photos are for sale for $8MM

https://www.zillow.com/homedetails/535-N-Leigh-Canyon-Rd-Alta-WY-83414/305528319_zpid/?

^5x price gain on fertilizer over 2 years :eek:

Anyone else tracking the impending food shortages? Seems like developing countries that are net food importers are about to be in a perilous situation.
...

Nah, Liv2ski is a good dude and he's just quoting rates out of his broker system. He could lock those rates today for anyone in CA.

The topic of mortgage rate differences between states has come...

Are CA rates lower than elsewhere because of more competition from brokers? More competition from originators? Institutional investors thinking CA based MBS require less risk premium?

What do you think is up with the delta between the headline and the pricing you have available?

The 30 year fixed rate mortgage is now 6.5%.

https://money.com/todays-mortgage-rates-april-7-2022/

This is a dramatic increase from the sub 3% loans from last summer and fall. It was possible...

I recently had a 5 hour layover in Denver turn into a 7+ hour layover because of a delay.

Holy fuck that airport is so shitty. I used to fly into and out of there 40 times a year. It's gone so...

He mostly slides out his turns.

I've been working on teaching him to actually hold an edge. He would most likely not want something that aggressively locks him into a turn and takes him for a...

I got my dad (intermediate skier, 67 years old) a pair of 185 Enforcer 110s for Christmas this year. He loves them and prefers them over all his other skis, even on hard pack.

He likes how easy...

Funny. I seek out bindings with as little delta as possible. I ski Moment Voyagers (ATK) specifically because they are just about the flattest touring bindings with a brake in existence. I also...

It really seemed like things here were slowing down last fall, but they are hotter than ever this spring. Even with rates being double what they were 6 months ago prices keep rising at an incredible...

Thanks for the knowledge drop. Good to know.

It looks like the total US MBS market is currently around 11 trillion outstanding, with the Fed owning 2.7 trillion so the Fed owns ~25% of the MBS...