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guy probably gets suspended for a few games


sleepy
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No, Most of my money is sheltered in roth and rollover IRA's, which means my taxable income is what i choose it to be(taxable withdrawls, the roths are non taxable). I try to make my taxable income 0 after standard deductions, etc. I do have to pay a small amount of state tax - the bastards. i also have a fair amount of income in mutual funds and mostly dividend paying stocks, you may not be aware that dividends are taxed at 0% in the lowest couple brackets.

 

If you plan ahead and are smart, it's very doable. I do admit when i start drawing SS in 2 or 3 years, I may have to pay some federal tax.

I completely understand. 

 

I also understand LIMITS.

 

" i also have a fair amount of income in mutual funds and mostly dividend paying stocks"

 

All taxable unless as you state you fall into the poverty brackets.....lol....air amount is more like it....lol

 

Lets assume you had a lower paying job and could contribute the max to a roth....and your're not that old as you state.....yep this alone gets you to millionaire status as you have claimed...lol

 

You're paying taxes.....go see if you can fool Hank....lol

 

 

Year Contribution Limit Catch-up 50+ Year Old Non-Working Spouse Contribution 2020 $6,000.00 $1,000.00 $6,000.00 2019 $6,000.00 $1,000.00 $6,000.00 2018 $5,500.00 $1,000.00 $5,500.00 2017 $5,500.00 $1,000.00 $5,500.00 2016 $5,500.00 $1,000.00 $5,500.00 2015 $5,500.00 $1,000.00 $5,500.00 2014 $5,500.00 $1,000.00 $5,500.00 2013 $5,500.00 $1,000.00 $5,500.00 2012 $5,000.00 $1,000.00 $5,000.00 2011 $5,000.00 $1,000.00 $5,000.00 2010 $5,000.00 $1,000.00 $5,000.00 2009 $5,000.00 $1,000.00 $5,000.00 2008 $5,000.00 $1,000.00 $5,000.00 2007 $4,000.00 $1,000.00 $4,000.00 2006 $4,000.00 $1,000.00 $4,000.00 2005 $4,000.00 $500.00 $4,000.00 2004 $3,000.00 $500.00 $3,000.00 2003 $3,000.00 $500.00 $3,000.00 2002 $3,000.00 $500.00 $3,000.00 2001 $2,000.00   $2,000.00 2000 $2,000.00   $2,000.00 1999 $2,000.00   $2,000.00 1998 $2,000.00   $2,000.00 1997 $2,000.00   $250.00 1996 $2,000.00   $250.00 1995 $2,000.00   $250.00 1994 $2,000.00   $250.00 1993 $2,000.00   $250.00 1992 $2,000.00   $250.00 1991 $2,000.00   $250.00 1990 $2,000.00   $250.00 1989 $2,000.00   $250.00 1988 $2,000.00   $250.00 1987 $2,000.00   $250.00 1986 $2,000.00   $250.00 1985 $2,000.00   $250.00 1984 $2,000.00   $250.00 1983 $2,000.00   $250.00 1982 $2,000.00   $250.00 1981 $1,500.00   $250.00 1980 $1,500.00   $250.00 1979 $1,500.00   $250.00 1978 $1,500.00   $250.00 1977 $1,500.00   $250.00 1976 $1,500.00     1975 $1,500.00     1974 $1,500.00
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I completely understand. 

 

I also understand LIMITS.

 

" i also have a fair amount of income in mutual funds and mostly dividend paying stocks"

 

All taxable unless as you state you fall into the poverty brackets.....lol....air amount is more like it....lol

 

Lets assume you had a lower paying job and could contribute the max to a roth....and your're not that old as you state.....yep this alone gets you to millionaire status as you have claimed...lol

 

You're paying taxes.....go see if you can fool Hank....lol

 

 

Year Contribution Limit Catch-up 50+ Year Old Non-Working Spouse Contribution 2020 $6,000.00 $1,000.00 $6,000.00 2019 $6,000.00 $1,000.00 $6,000.00 2018 $5,500.00 $1,000.00 $5,500.00 2017 $5,500.00 $1,000.00 $5,500.00 2016 $5,500.00 $1,000.00 $5,500.00 2015 $5,500.00 $1,000.00 $5,500.00 2014 $5,500.00 $1,000.00 $5,500.00 2013 $5,500.00 $1,000.00 $5,500.00 2012 $5,000.00 $1,000.00 $5,000.00 2011 $5,000.00 $1,000.00 $5,000.00 2010 $5,000.00 $1,000.00 $5,000.00 2009 $5,000.00 $1,000.00 $5,000.00 2008 $5,000.00 $1,000.00 $5,000.00 2007 $4,000.00 $1,000.00 $4,000.00 2006 $4,000.00 $1,000.00 $4,000.00 2005 $4,000.00 $500.00 $4,000.00 2004 $3,000.00 $500.00 $3,000.00 2003 $3,000.00 $500.00 $3,000.00 2002 $3,000.00 $500.00 $3,000.00 2001 $2,000.00   $2,000.00 2000 $2,000.00   $2,000.00 1999 $2,000.00   $2,000.00 1998 $2,000.00   $2,000.00 1997 $2,000.00   $250.00 1996 $2,000.00   $250.00 1995 $2,000.00   $250.00 1994 $2,000.00   $250.00 1993 $2,000.00   $250.00 1992 $2,000.00   $250.00 1991 $2,000.00   $250.00 1990 $2,000.00   $250.00 1989 $2,000.00   $250.00 1988 $2,000.00   $250.00 1987 $2,000.00   $250.00 1986 $2,000.00   $250.00 1985 $2,000.00   $250.00 1984 $2,000.00   $250.00 1983 $2,000.00   $250.00 1982 $2,000.00   $250.00 1981 $1,500.00   $250.00 1980 $1,500.00   $250.00 1979 $1,500.00   $250.00 1978 $1,500.00   $250.00 1977 $1,500.00   $250.00 1976 $1,500.00     1975 $1,500.00     1974 $1,500.00

 

All the money in my IRA's is in mutual funds(not all in stocks however), in a good year(like this one) they have significant gains, maybe 70-80K, but none of that is taxable. The taxable income is only my non ira income and withdraws from my non roth, so i can earn what i wish. keep in mind long term capital gains are also taxed at 0% in the lowest brackets.

 

In Mn we also have something called a property tax refund that is income based, so although my prop taxes are around $3600, I can get a refund for over half of that by being poor on my taxable income.

 

Like I said, when i start drawing SS I may have to pay, also if I live till I'm 70 1/2 I'll have to take min distributions from my ira, that could force me to pay taxes as well, but that's a long ways off.

 

i was born in 1960, I started contributing to my ira in maybe 84 when I started earning respectable money, I maxed out every year but 3-4, my last cont were in 2017. I didn't have a 401K till the mid 90's.

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And divorced and got to keep it all....lol

 

So what is your income source since you make 0 withdraws with no ss

 

Pretty good weave so far.....run with it...

no weave, i told you, mostly dividends(and interest) along with a mix of taxable and non taxable IRA withdrawls, although I really dont spend that much so I'm taking out small amounts right now, $5K or so taxable. When you have no house payment or debts, gambling and drinking are my only expenses.

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Hockey fights happen all the time. No one says anything.

 

Football or basketball fights happen... it's a big deal.

 

Wonder why that is? Weird.

Because it wasn’t a fight, it was a guy using a weapon that could’ve very seriously injured someone. When a hockey player swung his stick at someone like a weapon he was freaking arrested. If a hockey player took off his skate and tried to stab someone with the blade it wouldn’t just be a “fight”.

 

Why do you think so many former and current players are coming out and condemning this act?

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