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Lurkalot
| Favorite team: | LSU  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 24 |
| Registered on: | 8/28/2010 |
| Online Status: | Not Online |
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quote:
Which on some level, I get. However, let's frame it another way. Let's say, instead of putting it in a Trump account, you put it in a trust that you control. What does that final (probably inflated due to assuming 10% gains, but still) number look like?
It’s about ~$11–$12 million more wealth if retired at age 67 (40+% higher). That gap widens further if you assume your kid makes annual contributions over the life of the converted Roth IRA.
Key Points
• The Roth (Trump account converted) grows the full amount with no taxes on dividends or gains.
• Roth final value at age 67: ~$39.48 million tax-free (for $300k starting amount; ~$39.18 million for $298k).
• A taxable brokerage account with the same starting amount and monthly compounding would end at roughly $27–$28 million after annual dividend taxes and final long-term capital-gains tax (exact figure depends on dividend timing and turnover).
2
Well, that's fair.
Again, I'm gonna roll the dice. For me, the $39M swing is worth the risk.
Again, I'm gonna roll the dice. For me, the $39M swing is worth the risk.
quote:
1. I do not get state tax deduction benefit.
2. What Roth conversion are you speaking of? You can only convert $35K from 529 into Roth assets.
I’m unaware of a conversion of a Trump account. You could pay the taxes on a withdrawal and then fund a ROTH IRA with that cash flow early in career…but I do not believe there is a more tax efficient way to do so
1. If you're in Louisiana, you get a state tax benefit for contributing to a Louisiana 529.
2. I'm talking about converting the Trump Account after the age of 18.
quote:
quote:
Assuming your kid is not irresponsible
Gambling from birth that an 18 year old kid won't do something catastrophically stupid with $300k that falls into their lap one day just seems like it's asking for trouble. Everyone obviously hopes that their kid can handle it, but I think that's asking a lot. Now, build something in that treats it more like a trust and I'm completely on board.
I think you're looking at the gamble the wrong way. You're looking at it as risking a $300K loss if your kid is irresponsible.
I'm looking at it as a $39M win if my kid is responsible.
I like my chances that my kids will turn out OK.
Could be wrong, but I'm willing to roll the dice.
quote:
I'll stick with a 529 that has some actual tax benefits on the backend. The $1K is great for those that cannot afford to start saving.
If this was a ROTH IRA type treatment then I would put $5K a year for every year as long as they allow it....but this is not the case.
I wouldn't treat it as an either/or. Fund your 529s to max the $4,800 state tax deduction, then contribute to the Trump account. At 18, your kid(s) convert the whole ~$298K to Roth over 4-5 year period while in college/early earning years. That $298K turns into tax free millions in the long run.
Assuming your kid is not irresponsible, that's probably the easiest (or at least the biggest jumpstart towards) path to lay the foundation for generational wealth. Hurts mom and dad now. Benefits kid later. Just my thoughts. YMMV
The lights are terribly mis-timed. It seems to be causing large backups, especially when driving from Woman's hospital South (?) toward the interstate. You'd think that would have been something they'd address before turning them on, but I pray that they fix it going forward.
I cross the new intersection every day going the opposite direction, and it's added a solid 5 minutes to my drive time (which is purely the result of the light timing, not increased traffic).
I cross the new intersection every day going the opposite direction, and it's added a solid 5 minutes to my drive time (which is purely the result of the light timing, not increased traffic).
I have 2 in 220 if interested. 2. 2. 5 - nine 3 nine - eight 5 four 5
FS: 2 GS Tickets for Sale for 4/25 Tennessee Friday Night Game (Not Together)
Posted by Lurkalot on 4/25/25 at 2:31 pm
1 ticket in Sec. 218, Row 6, Seat 11
1 ticket in Sec. 217, Row 5, Seat 16
$100 each or best offer. Will sell them together or individually.
Email me: emergencyfoodsupply3@gmail.com
1 ticket in Sec. 217, Row 5, Seat 16
$100 each or best offer. Will sell them together or individually.
Email me: emergencyfoodsupply3@gmail.com
quote:
quote: Question 1: What happens if Connie Bernard wins anyway?
She can't as they will disregard votes for her. Hopefully, you won't be able to choose hear as an option on the machine, even though her name will be printed. Not sure of that though.
What do you base that on? (I’m not disagreeing with you, I’d just like to know where that statement comes from.)
LA School Board Election - District 8
Posted by Lurkalot on 10/27/22 at 4:57 pm
The options for school board in District 8 in the upcoming election are:
(1) Connie Bernard (R)
(2) Joseph Britt (I)
(3) "Katie" Kennison (D)
Connie Bernard has indicated she will not seek re-election: Bernard will not seek re-election
But because of her timing, her name will still be listed on the ballot.
Question 1: What happens if Connie Bernard wins anyway?
Question 2: Does anyone know anything about Joseph Britt?
I received a flyer from him saying that he wants to "empower parents and teachers." These days, it seems like you can empower one or the other, but not both.
Given how little I can find out about him, I'm inclined to vote for Bernard anyway in the hopes that there will be a "re-do" or special election of some sort to replace her, but does anyone know what the rules/laws are on that?
(1) Connie Bernard (R)
(2) Joseph Britt (I)
(3) "Katie" Kennison (D)
Connie Bernard has indicated she will not seek re-election: Bernard will not seek re-election
But because of her timing, her name will still be listed on the ballot.
Question 1: What happens if Connie Bernard wins anyway?
Question 2: Does anyone know anything about Joseph Britt?
I received a flyer from him saying that he wants to "empower parents and teachers." These days, it seems like you can empower one or the other, but not both.
Given how little I can find out about him, I'm inclined to vote for Bernard anyway in the hopes that there will be a "re-do" or special election of some sort to replace her, but does anyone know what the rules/laws are on that?
Totally off topic but I could not figure out how to PM.
Broke, does your wife still do monogramming?
Broke, does your wife still do monogramming?
I just dropped my club seat reserve to $556. It's the lowest on the market. Terrace is $125-$1200 with the most recent transaction going for $89. Plaza is $189-$2100. Premium Terrace is $197-1750. Club sidelines is $556-3400
You and me both....I just significantly decreased my sell price
re: Research Question
Posted by Lurkalot on 7/8/11 at 8:54 am to Dapper Prince
Thanks man. Really appreciate it
Research Question
Posted by Lurkalot on 7/7/11 at 12:34 pm
I am trying to find the average yield rates of Junk Bonds from 2005-2009 and the average interest rates provided by offshore banks for CDs for the same time period. I've been looking for a while with no luck. Can anyone help?
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