Yeah, I wasn't planning on that. I'm actually considering switching out something from my 4-for-February list for whichever GoW I should play next (Chains of Olympus, I think?)
PSNOT 2.0 - I kind of want to subscribe to IndieBox.
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eldergamer
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I always end up getting a refund. (Usually about 2k) It's just nice to have some "bonus" cash at the start of the year. We usually use it for house projects, down payment on a car things like that.
I probably don't have my deductions set correctly, but I don't stress over that. We're not really living paycheck to paycheck with both of us working. And we have three kids for deductions as well the itemizing we do.
CrazyDiamond84
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I hate doing taxes now, because Railroaders don't pay into regular social security or medicare. I have a million little things I have to plug in from box 14 that have to do with Railroad Retirement.
GamingGator
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I'm surprised the 2 of you would be looking at it like that. Yes the marginal interest rate does suck, but if that were in Roth IRA account and compounding annually, you will be way ahead in the long run. Plus, you wont have to pay taxes on the growth like you would in just a regular savings account.
You may already max that out, who knows, but I would still look at other options. Like I said though, I am not even doing this because my accounting major wife is too dumb to do it too.
Im with Gator, giving the gubment your hard earned money on essentially an interest free loan is silly.
I gotta look out what we are doing going foward as this was first year doing the taxes with a kid involved. Last year we owed 500 dollars, got back 2100 this year, so need to try and get that to where we either get back a little or owe.
Id much rather owe or get back only a little than anything.
Also, hell yes to no state tax.
I gotta look out what we are doing going foward as this was first year doing the taxes with a kid involved. Last year we owed 500 dollars, got back 2100 this year, so need to try and get that to where we either get back a little or owe.
Id much rather owe or get back only a little than anything.
Also, hell yes to no state tax.
I dont know Tyler's excuse since he is single and childless but I know I wouldnt save the money anyway so I like getting the big lump sum like others have stated and buying something with it.
And I dont worry about retirement. I will be working til the day I die unless I become a pitfallharry.
EDIT: I have plenty going into retirement accounts as well. But again, not sure I will ever get to use it the way our country and the economy is going.
And I dont worry about retirement. I will be working til the day I die unless I become a pitfallharry.
EDIT: I have plenty going into retirement accounts as well. But again, not sure I will ever get to use it the way our country and the economy is going.
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Whoops, I should have looked up the release order first. But do you really think I should save Ascension for last?
By worst you mean best?Amy is the worsting game imaginable.
Almost certainly. I was so disappointed in 14.
I enjoy her far more than the anyone they've had in it since the first one I saw with Tyra Banks on the cover. Too bad that cover was Photoshopped like crazy and she's nuts.
Not since 3, they caved to social pressure.
Personally I settled on chronological order other than Ascension and leaving that for last. For the most part chronological for GoW is also release order for the first games except with the PSP games flanking GoW 1. Starting with Ascension though would certainly make you hate the rest. Even going from the first chronological PSP game (CoO I think) to GoW 1 it's a noticeable but tolerable step back. That's my take and approach to slowly making my way through the series.
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GamingGator
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I love the idea of no state income tax, but I also realize that (at least in FL) higher property taxes usually balance out the lack of an income tax for the average person. You will likely come out ahead if you have a higher salary and live below your means though.
Play it first if you want. But I wouldnt. I would rather play the better games 1-3 first. Then maybe play the PSP games then Ascension. But I woudlnt worry about it either way. They are all good games and fun if you like that style of combat and gore.
eldergamer
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I like Rogue Legacy, but dear god, i am not very good at it.
Each of my playthroughs so far lasts about under 5 minutes. I'm still adjusting to things I think.
I need a Start > Item > Health Potion function.
Each of my playthroughs so far lasts about under 5 minutes. I'm still adjusting to things I think.
I need a Start > Item > Health Potion function.
7 percent states sales tax and I think property taxes are not that high, I know for our house property tax for year is like 1500ish?
http://www.tax-rates.org/taxtables/property-tax-by-state
TN and FL are both listed as a lower state. Might be just certain counties are higher, maybe your county is one of those?
PancakesAreLove
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Once I saved enough for Lich/Shinobi and got the hp/mp rune I started lasting a lot longer.
Quick question, why is everyone always talking about opening a Roth IRA? I ask because I have a 401k from an old job I need to roll over but some people suggest taking that money and opening a Roth IRA. Is there any benefit over a 401k? Or is it just to diversify your savings?
QuarterRoy00
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I actually played the 2nd PSP one before 3 because I didn't want to go back to a PSP one after the epicness I heard about on 3. Other than that I did release order.
So my play order was (is):
1, 2, 1st PSP, 2nd PSP, 3, Ascension
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eldergamer
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I'll play persona 5 if they drop all the social links and hour long dialogue sessions. I got so bored with that stuff in p4golden.
I want long, complicated dungeon crawls. (And to go back in time 15 years when I had time to play them)
Speaking of:
What level should I be at to take down Mars in Demons Gaze? I think I'm at 5 or 6 and just added a (underleveled) healer to my party. Still got my clock cleaned on my first couple attempts. Perhaps it's time to drop down the difficulty.
I want long, complicated dungeon crawls. (And to go back in time 15 years when I had time to play them)
Speaking of:
What level should I be at to take down Mars in Demons Gaze? I think I'm at 5 or 6 and just added a (underleveled) healer to my party. Still got my clock cleaned on my first couple attempts. Perhaps it's time to drop down the difficulty.
Roth is taxed now instead of later when you retire. Many people assume you will be in a higher tax bracket when you retire because you will have more money then and possibly because tax rates increase over time. It depends on how much you make today. If you already make a high wage you might want to get a regular IRA and let it accrue more now and be taxed later.
Thermopyle
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Roth IRA you pay taxes today, before the money goes into the Roth IRA. 401k you put the money in pre-tax and then get taxes when you pull it out. If taxes go up over the next 30-40 years, you end up paying more in taxes with the 401k than you would with the Roth IRA.
OTOH since the 401k has more money in it (since you're putting in more due to not having it taxed up front), it'll grow faster. Can't say which is more beneficial, but that's the argument to my understanding.
Thank you, just googled it myself as well. I guess that's why some people end up doing both if they have the extra money to sock away.
A Roth IRA is a far different savings vehicle than a 401(k) plan. Having one will give you more flexibility in retirement. Your 401(k) plan is funded with pre-tax dollars that grow tax-deferred. You pay tax when you start taking distributions no later than your 71st year. A Roth IRA is funded with after-tax dollars that grow tax-free for the rest of your life and that of your spouse, and they have tax advantages for your heirs as well. You can also take early distributions of the principal that you contribute, without penalty or tax, should you run into a cash crunch. So after you have each maxed out your 401(k) match, shift to a Roth IRA. Each of you can save up to the $5,500 annual limit.
Thermopyle
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What is your other character class? I had trouble with two characters, added the healer, and then beat her immediately. I think I was level 7 or so.
You might want to farm nameless gems in order to get better equipment and level up a bit more. Also do you have the Staff of Healing? Just have the healer use that every turn since it's free healing--no MP cost and it never runs out.
captaintek3304
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I'm MA, you get a state refund and you get a 1099-G the next year. That amount is taxable on your federal return. I don't know if it's like that in all states, but it's definitely an incentive for me to try and get a small refund.
Also, if you get a $1900 refund, and change your exemptions so you get a minimal refund, that's over $100 extra a month. Thats basically a small raise.
Also, if you get a $1900 refund, and change your exemptions so you get a minimal refund, that's over $100 extra a month. Thats basically a small raise.
Yep, I do both a roth 401K that is taxed now and a regular 401K that is taxed when I retire (lol). The advantage with a regular 401K also is that it reduces today's taxable income.
You need to do more research and speak to a professional really.
Short version of differenes is a 401k is pretax and thus makes your tax bill lower every year. A roth is post tax money that you put in and doesnt make your tax bill lower ever year. when you withdraw later in life from your 401k you will pay taxes on that money in the year you take it out. The roth is already taxed money and you will not pay taxes on any money coming from it. The roth being untax at withdrawal is also subject to the gubment not every deciding to tax it, so in 30-40 years it might be taxed anyways.
The real thing you need to think about is this. In your current position and tax bracket you are in do you think you will be in the same or more or less when you retire? If you think you will be in a lower tax bracket when you retire it makes sense to mostly do 401k as when you get taxed on that money you will pay less taxes when you withdraw it. Like if you are in the 35% tax bracket and in retirement your "income" is lower and you are only in the 25% bracket then you pay less tax on that money.
If you think you will be in a higher tax bracket when you retire it will make more sense to do more to roth than 401k. That money is tax now and is at a lower rate than when you retire you save some on taxes. If you are in the 25% tax bracket now and think you will be in the 35% percent bracket when you retire, makes more sense to put more money into roth vs 401k.
both work the same basically when it comes to investing and earning on the investment, roth vs 401k is a future tax question.
Holy wall of text, sorry.
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Thermopyle
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jkam:
It doesn't apply to the rollover at all, but just in case you weren't aware; employers typically match 401k to a certain extent. For example if you put 5% of your salary into 401k they'll match it, which means you get an extra 5% free going into your 401k. Every employer has different setups, some will go higher or lower (5% is the highest I've had), some will match every %, some will match half of what you do, (if you put in 5% they'll put in 2.5%) etc.. You always want go put enough in your 401k to at least max out the employer contribution since that's free money. Whether you contribute more than that into the 401k or put any additional into a Roth IRA is up to you, but always get the maximum match if you can.
It doesn't apply to the rollover at all, but just in case you weren't aware; employers typically match 401k to a certain extent. For example if you put 5% of your salary into 401k they'll match it, which means you get an extra 5% free going into your 401k. Every employer has different setups, some will go higher or lower (5% is the highest I've had), some will match every %, some will match half of what you do, (if you put in 5% they'll put in 2.5%) etc.. You always want go put enough in your 401k to at least max out the employer contribution since that's free money. Whether you contribute more than that into the 401k or put any additional into a Roth IRA is up to you, but always get the maximum match if you can.
What other game is Kratos a playable character in now too? Not that All Stars game. Something else.
bestkeeper14
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I am shocked that some of you call yourselves cags... Saying I only do it cause I like lump sums vs just putting that extra money in savings is kinda sad. If we are all such great savers and cheapasses you should be able to but aside the difference in each check to a savings account and payyourself come tax time. I either never owe anything or owe a little, currently with the wife in school full time I need every penny on each check. After my annual raise I may have them take more out of the check to try and break even next year.
Thermopyle
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pitfallharry219
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He's in the PS4 version of Shovel Knight, but there's confusion over whether or not he's playable.
Soul Calibur? Mortal Kombat 9 (I think?)
Oh right. I read about him in Shovel Knight,
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CAG = Cheap Ass GAMER. No one ever said we had to be complete cheap asses.
Like Vig.
I know about company matches
The same article I quoted before basically said take the match for all it' s worth (the limit) and then save the rest in the Roth IRA.
Thermopyle
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Damn. I can't find that Vig gif with all the gift cards flying everywhere.
Thermopyle
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https://www.youtube.com/watch?v=VRenUG1aPCE
Seriously, do none of you guys just splurge on something sometimes? And I am not talking about video game or other nerd related collectables either. None of you just go blow some money on a nice $500 dinner or go to the casino or go on a nice vacation and not worry about money for a few days?
Thermopyle
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$500 on dinner? Hell no. Highest I've gone is ~$125. I don't really curb my cheap game spending that much, but my impulse spending is usually on the low end.
pitfallharry219
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That MLB 15 CE is up at Amazon with a small discount at $65.19.
http://www.amazon.com/exec/obidos/ASIN/B00SVYCCT4/12-230c-20/
I was just going to gameshare it this year, but that case is too sweet.
http://www.amazon.com/exec/obidos/ASIN/B00SVYCCT4/12-230c-20/
I was just going to gameshare it this year, but that case is too sweet.
tylerh1701
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Like I said, my excuse is that I'll forgo the $40 in opportunity costs for a fun lump-sump at the beginning of the year. I wouldn't invest anymore than I do now anyway because I'm saving to pay off my house. So if I got bigger monthly paychecks the money would just sit in checking/savings anyway.
GamingGator
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Damn, I go to a staff meeting and finance talk gets all serious.
Looking back at the responses, I think kilik's was the most complete answer, but I didn't like a couple things in there. As far as the government deciding to tax Roth money, it could happen, but is very unlikely. They could possibly decide to tax Roth income, but not contributions. That is a very important distinction. They would have no grounds for taxing all the seed money into the account since it had already been taxed. They could change the code to tax any money you made from the investments, but I see that as pretty unlikely.
One advantage of a Roth over traditional IRA or 401k is that you can typically take money you put in back out without penalty like in the others. That is because once again it was already taxed money. Of course, you should never do that except in extreme emergency situations, IMO.
Some seemed to imply that you would likely be in a higher tax bracket when you retire. I am not one that believes that. When I retire, I do not plan to have the same income I am making now. Why would I? If you think your house will be paid for and any kids you have will be out of the house you should need less money. A retirement plan is rarely if ever setup so that you will be continuing your same current lifestyle. Now, could tax rates go up so that I am in the same tax bracket with less income? Absolutely. That is question you have to answer.
There is no one size fits all answer for what is better between the 2 options.
Looking back at the responses, I think kilik's was the most complete answer, but I didn't like a couple things in there. As far as the government deciding to tax Roth money, it could happen, but is very unlikely. They could possibly decide to tax Roth income, but not contributions. That is a very important distinction. They would have no grounds for taxing all the seed money into the account since it had already been taxed. They could change the code to tax any money you made from the investments, but I see that as pretty unlikely.
One advantage of a Roth over traditional IRA or 401k is that you can typically take money you put in back out without penalty like in the others. That is because once again it was already taxed money. Of course, you should never do that except in extreme emergency situations, IMO.
Some seemed to imply that you would likely be in a higher tax bracket when you retire. I am not one that believes that. When I retire, I do not plan to have the same income I am making now. Why would I? If you think your house will be paid for and any kids you have will be out of the house you should need less money. A retirement plan is rarely if ever setup so that you will be continuing your same current lifestyle. Now, could tax rates go up so that I am in the same tax bracket with less income? Absolutely. That is question you have to answer.
There is no one size fits all answer for what is better between the 2 options.
tylerh1701
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We have this in Utah too but it you don't itemize your deductions (which I don't) then your state refund is considered tax-free.
QuarterRoy00
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yourcityPharmhttps://twitter.com/RobDemovsky/status/563426890573418499
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bread's done