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gently caress you guys and your spouses that aren't poor as poo poo Uhhh whoops, terrible snipe. Here, have a r/pf! https://www.reddit.com/r/personalfinance/comments/apc1iw/we_bought_a_whole_life_insurance_policy_for_our_3/ "We bought a whole life insurance policy for our 3 yr old. Did we get scammed? We bought it on a recommendation from my father-in-law, who I fully trust. He’s been working with this same financial guy for 20+ years and we met the guy and the whole life policy sounded like a no-brainer. We are over-funding the policy at $400 month. The plan was to borrow against the cash value for college and also use it for retirement. I suggested this to someone in another post and was downvoted into oblivion. I usually pride myself on smelling bullshit but now, I’m wondering what I’ve missed?" GoGoGadgetChris fucked around with this message at 22:49 on Feb 11, 2019 |
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Feb 11, 2019 22:46
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theHUNGERian posted:Huh? Where's the BWM thread? I think GiP should be the next stop. That's like the starting point for the worst excesses of all of the other bwm areas
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Feb 11, 2019 22:58
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Residency Evil posted:Already done. BMW rod bearings or BE? The former, you'll be doing it again, the latter and you're good to go.
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Feb 11, 2019 23:22
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GoGoGadgetChris posted:gently caress you guys and your spouses that aren't poor as poo poo  The case of Jon Benet Ramsey goes on...
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Feb 11, 2019 23:30
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spwrozek posted:If you put your info into the tax caster app it gives you an old law/new law summary. Despite being very against the law it is quite good for me personally, saving me $3700. What is against the law?
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Feb 11, 2019 23:55
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H110Hawk posted:What is against the law? I am personally against it. As in it is bad for America. But it is really good for me financially.
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Feb 12, 2019 00:01
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Doctor Grape Ape posted:BMW rod bearings or BE? The former, you'll be doing it again, the latter and you're good to go. Rod bearings. What's BE? I'm trying to convince myself that I can splurge on a 20k car and not get the 3k salvage title beater I was planning on. Buncha limousine liberals itt.
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Feb 12, 2019 00:30
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spwrozek posted:I am personally against it. As in it is bad for America. But it is really good for me financially. Yeah but what is against the law?
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Feb 12, 2019 00:31
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Mantle posted:Yeah but what is against the law? Generally murder though ymmv
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Feb 12, 2019 00:48
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spwrozek posted:I am personally against it. As in it is bad for America. But it is really good for me financially. Oh you mean you disagree with the law not illegal when you say "against the law."
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Feb 12, 2019 00:50
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I didn't realize you were all the bad with money phone posting word choice police. When I say I am doing good are you dumbfounded until I say I am well?
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Feb 12, 2019 00:53
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spwrozek posted:I didn't realize you were all the bad with money phone posting word choice police. These are not remotely equivalent. "Against the law" means a very specific thing that had nothing to do with what you were trying to express. EDIT: BWM content: paying money to get into language slap fights with idiots on the internet.
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Feb 12, 2019 00:56
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Residency Evil posted:Rod bearings. What's BE? https://www.bebearings.com
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Feb 12, 2019 01:50
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I was opposed to the passing of the latest tax law. Hopefully people with a broken mind, staring blankly at the screen F5ing for clarity can go on with their day.
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Feb 12, 2019 01:51
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spwrozek posted:I was opposed to the passing of the latest tax law. I was also against the law.
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Feb 12, 2019 02:00
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Almost everyone is paying less with new tax law. The main exceptions are homeowners in California and New York who no longer get their special tax break for rich people with million dollar houses.
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Feb 12, 2019 02:16
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OctaviusBeaver posted:Almost everyone is paying less with new tax law. The main exceptions are homeowners in California and New York who no longer get their special tax break for rich people with million dollar houses. Dumbass question being from neither of those states, what is it that fucks those states extra hard? I’ve seen it mentioned before...their already existing high state tax rates? Or just high concentrations of people with big houses?
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Feb 12, 2019 02:18
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movax posted:Dumbass question being from neither of those states, what is it that fucks those states extra hard? I’ve seen it mentioned before...their already existing high state tax rates? Or just high concentrations of people with big houses? Yes. SALT cap means your 10% income tax and 1% property tax (where a huge concentration of people own at or above the $500k mark) means it's really easy to hit the cap.
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Feb 12, 2019 02:24
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The mortgage interest deduction is only for the first $750k, and housing is expensive there so $750k doesn't go as far as other parts of the country.
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Feb 12, 2019 02:29
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Rolling the personal exemption into the standard deduction also sucks. I would’ve been able to itemize for the first time under the old system with my state tax payments alone. Oh and I got nailed by the rule that you can’t recategorize IRA contributions once you’ve actually seen your tax liability. Once you do it, it’s locked in. Blinkman987 fucked around with this message at 03:33 on Feb 12, 2019 |
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Feb 12, 2019 02:35
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In principle, I don't think we should be subsidizing home ownership for millionaires. The intent was to stimulate home ownership across the masses. So I'm good with that part of the bill.
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Feb 12, 2019 02:47
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TraderStav posted:In principle, I don't think we should be subsidizing home ownership for millionaires. The intent was to stimulate home ownership across the masses. So I'm good with that part of the bill. The original intent was to encourage businesses to borrow. Homeownership for the masses was an unintended side effect https://taxfoundation.org/history-mortgage-interest-deduction/
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Feb 12, 2019 03:04
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Ooo is BWM going to take a trip through d&d?
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Feb 12, 2019 03:11
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Anyone with an AGI over $99,999.99 or a positive net worth is getting banned if it does.
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Feb 12, 2019 03:16
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therobit posted:Anyone with an AGI over $99,999.99 or a positive net worth is getting banned if it does. You can obviously afford to rereg.
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Feb 12, 2019 03:25
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TVsVeryOwn posted:You can obviously afford to rereg. It's is only positive by $5. Rereg would cost me twice my net worth!
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Feb 12, 2019 03:27
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Then you won't get banned again. Problem solved.
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Feb 12, 2019 03:48
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OctaviusBeaver posted:Almost everyone is paying less with new tax law. The main exceptions are homeowners in California and New York who no longer get their special tax break for rich people with million dollar houses. Hot take: you can be paying less in taxes and still be against the new tax law.
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Feb 12, 2019 04:39
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therobit posted:It's is only positive by $5. Rereg would cost me twice my net worth! Payday loan.
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Feb 12, 2019 04:47
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ranbo das posted:Hot take: you can be paying less in taxes and still be against the new tax law. Sure, but everybody was acting like they were freaks of nature because they were paying less. Pretty much everybody who wasn't already paying next to nothing is getting a tax cut.
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Feb 12, 2019 04:53
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I love paying less taxes.ranbo das posted:Hot take: you can be paying less in taxes and still be against the new tax law. Why would you be?
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Feb 12, 2019 05:10
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Sten Freak posted:I love paying less taxes. Governments need money to run. The tax cut isn't balanced out by cuts in spending, meaning that we get yet another blast of deficit. Expect to watch the Republicans screech about how we cannot afford such WASTEFUL SPENDING as a result of their tax cuts.
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Feb 12, 2019 05:18
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I'm all for paying more taxes if it actually went against the national debt. I'm not for paying more so republicans can give tax break to millionaires. I'm very much against my kids paying more with a generation's worth of interest because republicans want votes now.
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Feb 12, 2019 05:22
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Good news for you, at this rate your kids won't have a generation's worth of anything.
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Feb 12, 2019 05:26
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The tax cuts netted me, at most, $200/mo in take home pay. In exchange for a higher deficit and probably more cuts to government spending down the road. I have kids who will be paying for that later.
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Feb 12, 2019 05:33
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movax posted:Dumbass question being from neither of those states, what is it that fucks those states extra hard? I’ve seen it mentioned before...their already existing high state tax rates? Or just high concentrations of people with big houses? Those states both have some of the highest property prices in the country. It's not even big houses, just expensive ones. There are significant numbers of people in San Fran and NYC living in $1mil+ condos.
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Feb 12, 2019 05:59
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Someone claimed this subforum had a no-politics rule.
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Feb 12, 2019 08:19
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Doc Hawkins posted:Someone claimed this subforum had a no-politics rule. It does. So move along.
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Feb 12, 2019 14:23
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Also I would never send a thread I love to D&D. What kind of monster do you all think i am?
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Feb 12, 2019 14:24
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Now that you mention it, there's a part of me that wants to see the Retirement Savings Thread or Financial Goals thread from BFC go to D&D.
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Feb 12, 2019 14:47
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