Rob Base 2.0
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Post by Rob Base 2.0 on Feb 3, 2018 22:54:48 GMT -5
Typical Trump supporters. They all suck.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 3, 2018 16:27:10 GMT -5
tick tock
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 3, 2018 16:19:18 GMT -5
Lock him up!!
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 21:15:47 GMT -5
Totally Hillary's fault. If she hadn't done that 1 minute video for the Grammys, the market would be fine.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 21:06:46 GMT -5
Thanks all for the info
I expect it to be a hard job. It was hard for me teaching in the Army. Lots of hours and it wasn't training "recruits" per se. I taught soldiers and government civilians (from GS4 to GS12). I would get people that didn't know how to round numbers to the nearest 10, people that were not at all computer literate (struggle to copy a file from the computer to a CD, did not have rudimentary excel knowledge (and these were budget people)), and other challenges.
My first 2 classes (I taught a 2 week course) I had some difficult students (disruptive & negative), but I muddled through. I know it will be different with kids but I think one of my strengths (once I have time to prep) is to make a dry subject become interesting (or somewhat interesting). I taught the most boring course in the Army school (budgeting) but I was able to make it interesting (just the way they threw me in there, it took me 2 classes to get decent at it).
I do find it fulfilling to "help" people. And to help people learn things. Watching the lights go on and helping to make things "click" for the students was really motivating. Not sure about changing catheters though......
I figure I will wait and see what the Troops to Teachers POC says. Also I will ask about possibility of substituting.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 18:25:58 GMT -5
I've been thinking more and more about making a career change. I've been interested in teaching for a while. When I was in the Army I liked training / mentoring younger soldiers. My last job before I "retired" from the Army was teaching in a military school. I really liked it (the teaching part, some of the admin stuff not so much). I work for the government now as a GS employee.
I realize that teaching kids will be different. Especially in the increasingly politically correct world.
I also wonder if this late in the game (I am 47 now) if it makes sense to do this (salary wise, benefit wise (not sure how teacher pensions work, if I have enough time to make it worth while, etc...if that makes sense?......I really don't plan to work past 55 unless the stock market totally crashes or something)
I signed up for the Troops to Teachers Program before I "retired". I am pretty sure my ID number for that is still valid; but I am double checking
For now, I am thinking about as a "hobby" to start taking community college classes at night (like 2 nights a week) that I would need or want to take (at a minimum I want to brush up on Math (that's the subject I would want to teach)). I have a MBA and eMPA. The community college also has an Associates program that gives and Associates in Arts for secondary education for Mathematics. But I would want to check with the Troops to Teachers POC to see what options I have towards teaching certification.
Also, I contacted the Troops to Teachers program via email to see if they have a representative in my area (Maryland) that I could speak to in person.
Regardless, I don't think I would be able to be certified / transition quickly; so for now thinking, even best case scenario I would have to take a few college classes for a year or 2, I am thinking. So maybe take a few classes and have some more time to think about it. If I don't pull the trigger no real harm done, just out some money for community college classes.
Any overall thoughts or input on this? (especially those with teaching experience)
Thanks
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 17:05:11 GMT -5
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 17:02:29 GMT -5
Worst week in 2 years. Obama's fault.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 2, 2018 6:50:58 GMT -5
thanks all! i appreciate the info.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 1, 2018 17:50:30 GMT -5
I have a dumb question. Since I have mostly done 401K / IRA investing, I am wondering how do taxes work if you just get a "regular" taxable mutual fund?
Is it that you don't pay any taxes until you start cashing it out? And then it is a 15% tax on whatever gains (capital gains?) it has at that time? or how does it work?
Thanks
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 31, 2018 19:44:09 GMT -5
It's degrading for the campaign website to list names of campaign donors on the campaign website?? also- what is the "pay to play" part of all this? If they just listed the names on their website, that would be one thing. NPR does the same thing, at the end of it's programs, to thank it's donors. Running the donor names along a crawl at the bottom of the screen so you can sit and watch the state of the union while at the same time looking for your name to flash past - a little tacky.
Granted, for Trump and his gold plated everything, probably not tacky, but for regular presidents, tacky.
I don't know that I would call it pay to play.
of all the ways to get political campaign contributions, this seems pretty tame to me. he's basically selling space for a name on the campaign website's telecast. It's the campaign website. I personally think selling T-shirts, hats, etc. is worse
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 31, 2018 17:06:04 GMT -5
It's degrading for the campaign website to list names of campaign donors on the campaign website??
also- what is the "pay to play" part of all this?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 30, 2018 19:06:18 GMT -5
I watched it. It was bigly
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 30, 2018 18:41:20 GMT -5
I guess I am not seeing the pay to play part, or quid pro quo.......they pay money and they get to see their name on Trump website livestream (not on national TV).......no promise of political favors or jobs for anyone's spouse or anything......
Or is there more to it that I am missing?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 29, 2018 19:22:50 GMT -5
Impeach now!
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 29, 2018 19:04:47 GMT -5
lock them up!
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 29, 2018 19:03:25 GMT -5
So the quiet planning did not come to fruition.
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 20:26:55 GMT -5
But I would have to pay the taxes though, right? Can you just convert part of a TSP / 401K or do you have to do the whole thing? Like for example, if I have a $200K traditional TSP / 401K wouldn't I have to convert the whole thing? (that's a big tax bite).....also don't I have to quit jobs to access that money like that to convert it to a Roth IRA?
Yes, you have to pay taxes on the portion you convert. You don't have to convert the whole thing at once. But if you are dealing with TSP or a 401k, you may have to roll those over to a tIRA first. Don't know much about TSP rules, but I've heard you can only do one partial withdrawal before having to take everything out. So you might roll out half to a tIRA for a Roth conversion ladder, and leave some in TSP for the low cost funds. Usually you'd wait until you early retire before beginning to Roth convert, both so you can roll $ out of your employer's plan, and so your income is low to keep taxes on the conversion low. For example: say you want $24k in income from your retirement accounts each year. You have at least $120k in contributions between your and your spouse's Roth IRAs, and $480k in tIRAs. First year you can withdraw $24k from your Roth IRA, and convert $24k from your tIRA to your Roth IRA. You pay tax on the conversion $24k as ordinary income, but in 2018 the MFJ standard deduction is $24k, so your tax is zero. Years 2, 3, 4, 5 do the same. After this, your original $120k in Roth contributions are gone, but your first $24k conversion is fully seasoned and can be withdrawn while you keep making new conversions. Next year your second conversion can be withdrawn, and so on. If you need more per year, you will pay some tax, but as long as you keep conversions reasonable you will be in relatively low brackets. Other income, like pensions, push conversion income up into higher brackets.
I guess I kind of understand, but still slightly confused. But how to access Roth TSP (401K)?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 17:21:15 GMT -5
I have to admit, I do NOT understand that at all............
The gist of it is you can withdraw Roth contributions tax/penalty free, but with conversions from Traditional IRA to Roth the contributions have to sit for 5 years first before you can withdraw them. So, if you roll 401K or Traditional into a Roth, then 5 years later you can withdraw them just like a regular Roth contribution. You paid the tax earlier when you converted and you don't get the penalty. I'm now kind of wishing I would have converted a bunch years ago.
But I would have to pay the taxes though, right? Can you just convert part of a TSP / 401K or do you have to do the whole thing? Like for example, if I have a $200K traditional TSP / 401K wouldn't I have to convert the whole thing? (that's a big tax bite).....also don't I have to quit jobs to access that money like that to convert it to a Roth IRA?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 16:23:37 GMT -5
Use a Roth conversion ladder. link
I have to admit, I do NOT understand that at all............
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 15:11:00 GMT -5
First thing I would do then is check the plan literature. See if it allows partial withdrawals and whether retirees can leave money in the plan or must withdraw it when they leave employment. Also see if they would do a total distribution in more than one check. If they allow a retiree to leave money in the plan then you should be set as long as you stay until 55. Just withdraw what you want each year. If you must roll over your account when you leave you could do maybe do a direct rollover for most of it and a no-penalty distribution for part. The distribution part would be taxable, of course, so anything too large might be a pretty high tax burden. The other option would be to spend the intervening years building up your taxable portfolio so you can use that money. I got burned a little bit when I retired. My company was sold and closed. The 401k plan was terminated, so no opportunity to leave money there, and they required a total distribution in one check. If I had the check made out to me they would have withheld way too much for me to cover in doing a manual rollover. I thus had to do a direct rollover and give up access to the money. Fortunately, I had planned for it and built up my savings to live off of for the time until I hit 59.5. I did NOT want to pull from my Roth or sell taxable. I might have even borrowed if I had to in order to avoid either of those options, but even with an additional $17,000 in expenses from higher income tax and planned home repairs I should still have a several thousand dollar cushion for the year.
It's actually government TSP, and they let you leave money in plan after you leave. I will y to research more on that. Thanks
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 14:16:28 GMT -5
I really dont want to work past 55. maybe 52 even.... There is a rule that you can access a 401k without penalty if you leave your employer at 55 or later. That may be dependent on whether your plan allows partial withdrawals while leaving some of the money there. If you have to roll it over to an IRA you are then locked in until 59.5 again. Do you or will you have a 401k available or are you limited to IRA money? I have 401K $$ too.
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 13:06:05 GMT -5
I know the rules seem intense if you mess it up. But I will need my money before 59.
Anyone ever done it? How long before 59? I really dont want to work past 55. maybe 52 even....
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 28, 2018 9:57:50 GMT -5
I know the rules seem intense if you mess it up. But I will need my money before 59.
Anyone ever done it?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 13:51:57 GMT -5
I want to fine tune one thing above--once the money has been in a Roth IRA for FIVE years, then the principal can be withdrawn without penalty The amount you contribute to a Roth IRA can always be withdrawn at any time. You're thinking of earnings. To withdraw that you have to be 59.5 AND have had the account open for 5 years. www.rothira.com/blog/the-five-year-rule-with-roth-ira-withdrawalsI stand corrected
Thanks though!
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 13:30:37 GMT -5
I want to fine tune one thing above--once the money has been in a Roth IRA for FIVE years, then the principal can be withdrawn without penalty
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 13:23:50 GMT -5
So how did the walk out go during Trump's speech?
anyone?
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 12:41:31 GMT -5
anyone here ever use SEPP (substantial equal periodic payments) withdrawals to access IRA $ before age 59.5?
if so, how did it work exactly? (and i will have more questions probably too).
thanks
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 11:02:38 GMT -5
cat fight.
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Rob Base 2.0
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Post by Rob Base 2.0 on Jan 27, 2018 11:01:05 GMT -5
Used USAA car buying service to buy a new Honda HRV. Worked well for me Hopefully the HRV will be my next car. Do you like yours so far? I plan on leasing though. I haven't gone and thouroghly looked at it yet, as I have 1.5 yrs left on my current lease. I know there's no trunk, but is there a place to hide/ store any bags?
I think ur mixing up cars. The HRV has a trunk. it's a mini SUV / crossover.
ETA found this photo online for the trunk
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