Jump to content

Recommended Posts

Posted
6 minutes ago, meangreenfaninno said:

Why would you advise a Roth IRA which makes you pay taxes when you are younger and in a higher income tax bracket?  Did you attend UNT business school?

Huh?

Did you attend UNT Business School?

A Roth IRA can only be contributed to for households with incomes that aren't anywhere near higher income tax levels. And you can only contribute $7000 per year or, if you are over 50, $8000 per year. 

A 401k lets you put away more per year and you often get a match.

  • Upvote 3
  • Thanks 1
Posted
9 hours ago, untjim1995 said:

Huh?

Did you attend UNT Business School?

A Roth IRA can only be contributed to for households with incomes that aren't anywhere near higher income tax levels. And you can only contribute $7000 per year or, if you are over 50, $8000 per year. 

A 401k lets you put away more per year and you often get a match.

You can get a match in a Roth as well. 

Posted

Roth IRAs are good in that your investment gains are not taxable when withdrawn later. But you can only contribute $8,000/year max. A 401K is $30,000/year max. 

401K plans are typically not run well with only average offerings and high fees. But private sector employees have little else to save and invest in for retirement. If an employer offers nothing, then what does that say about an employer? How much the employer spends on a 401K plan is public record. They spend surprisingly little.

College football money has been manipulated in a similar way, with coaches & ADs receiving outsized salaries while players received little. This imbalance is the reason college football is in its current state.

 

  • Upvote 1

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Tell a friend

    Love GoMeanGreen.com? Tell a friend!
  • What's going on Mean Green?

    1. 3

      True Freshmen Receiving Seasons - Coleman, Sides, Young

    2. 53

      So sick of the crap this football program slings us

    3. 307

      UNT vs Texas State BOWL GAME THREAD!!

    4. 3

      True Freshmen Receiving Seasons - Coleman, Sides, Young

    5. 53

      So sick of the crap this football program slings us

  • Popular Contributors

  • Member Statistics

    • Total Members
      15,508
    • Most Online
      1,865

    Newest Member
    Jepper
    Joined
  • Most Points

    1. 1
    2. 2
      NT80
      NT80
      139,723
    3. 3
      KingDL1
      KingDL1
      132,620
    4. 4
      greenminer
      greenminer
      125,875
    5. 5
      TheReal_jayD
      TheReal_jayD
      109,459
  • Biggest Gamblers

    1. 1
      EdtheEagle
      EdtheEagle
      26,592,647
    2. 2
      UNTLifer
      UNTLifer
      4,482,399
    3. 3
      untphd
      untphd
      842,867
    4. 4
      flyonthewall
      flyonthewall
      671,592
    5. 5
      3_n_out
      3_n_out
      578,480
    6. 6
    7. 7
      UNT_FH_FR_YR
      UNT_FH_FR_YR
      467,039
    8. 8
    9. 9
    10. 10
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Please review our full Privacy Policy before using our site.