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Nov 14, 2024
8:51
:57
pm
SwanSong
All-American
“My first house interest rate was 89% in 1979” but house cost $115k so……
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SwanSong
Previous username
VballDad
Bio page
SwanSong
Joined
Oct 19, 2014
Last login
Nov 14, 2024
Total posts
8,600 (10 FO)
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Messages
Author
Time
Congrats Boomers- “Super Catch Up” 401k limit age 60-63 $34,750 for 2025
SwanSong
Nov 14, 3:52pm
And we all have $34,750 lying around that we were wondering what to do with.
Kilgore Trout
Nov 14, 3:56pm
Put money in this tax deferred plan until you die soon!
NYCougz
Nov 14, 4:00pm
Until they die in 25 yrs then kids get it for free
HeyU
Nov 14, 4:02pm
No they don’t. Taxes will be paid over 10 years when they inherit it.
Coach's Dad
Nov 14, 4:18pm
Only pre-tax retirement accounts not RE, Roth, or brokerage 🙂
HeyU
Nov 14, 5:43pm
You are talking about 401k contributions so RE and brokerages aren’t relevant.
Coach's Dad
Nov 14, 6:26pm
I’m taking what the OP was talking about which includes all
HeyU
Nov 14, 6:34pm
You might be confused. The OP is talking about 401k contributions only.
Coach's Dad
12:10am
You're welcome. What else can we take from you?
Hoopster
Nov 14, 4:03pm
The leech generation
Corn
Nov 14, 4:14pm
Excuse me.
FastForward
Nov 14, 4:33pm
Nicely done!
PA_pete
Nov 14, 5:14pm
My special rate was 14% in 1981. Yes we are getting taxed to death.
sfeuz
Nov 14, 5:30pm
Classic Boomer rant
BIG XII Coug
Nov 14, 8:39pm
“My first house interest rate was 89% in 1979” but house cost $115k so……
SwanSong
Nov 14, 8:51pm
I mean… in that scenario you’d need a salary of like $150K+ to pay the mortgage
SuperTank
Nov 14, 8:55pm
Ow waaaah my interest rate was 13%, but my $75,000 house is now worth only a million. Cry, boomers.
Virginia Ute
Nov 14, 9:01pm
My pension is worth less now!!!!!! 😠😡🤬 LOL. What's a pension. No one gives those out anymore.
BIG XII Coug
Nov 14, 9:05pm
To pay $750k into SS, that means you paid in for 36 years at the 12.4% max if self employed. Or you paid in at
unctoothman
Nov 14, 9:28pm
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