tcoppi

14 ms·

91.
by tcoppi 10y ago
> "Systemd is defective by design." The most succinct explanation of Systemd possible.
92.
by tcoppi 10y ago
Throughout human history, there has always been a new/unexplored land to emigrate to for new opportunities or to escape political persecution. Nowdays there is nowhere left for someone in the West to emigrate to that is not substantial
93.
by tcoppi 10y ago
The difficulty of managing ssh keys can be partially mitigated by establishing a PKI and handing out certificates to everyone, then deriving an ssh key from those. OpenSSH supports using a crl, so if you have a trusted infrastructure manage
94.
by tcoppi 10y ago
Well you have to consider matching numbers in that as well. My employer contributes 10%, which is on the high end of normal, but not that abnormal for most highly paid positions. It is easy to contribute 20%+ making over the 33% bracket and
95.
by tcoppi 10y ago
Depends on your definition of high earners, but most everyone that earns a living from W-2 income and is in the technology industry will be able to retire very easily by contributing as much as they can, preferably the max(currently $18,500
96.
by tcoppi 10y ago
For taxation purposes, traditional tax-exempt IRAs are equivalent to 401(k)s, and Roth 401(k)s are equivalent to Roth IRAs. Whenever someone refers to contributing to one type of account or the other over another type of account, the ones t
97.
by tcoppi 10y ago
This is the most concise summary I've seen, but you can find some more discussion googling around for "Roth Conversion Ladder" - http://retireby40.org/roth-ira-conversion-ladder-minimize-ta...
98.
by tcoppi 10y ago
There are also a few providers that will let you do in-service rollovers to either traditional IRAs or Roth IRAs. Many also don't advertise this, but will do it if you ask(mine is one of these). It is definitely worth asking about if y
99.
by tcoppi 10y ago
The Roth phaseout starts at $117k for single earners. That is a lot of money, more than most people in the US, let alone the world, make, but it is not a princely sum for most technologists, especially not ones on HN.
100.
by tcoppi 10y ago
If you are going to contribute to a Roth, it is better to do it earlier than not, while your earnings are lower, so at least you have that going for you. It can also make it easier if you ever decide to do a backdoor Roth in the future(for
101.
by tcoppi 10y ago
> Why are you comparing 401k and Roth? They are completely orthogonal concepts. Because the entire thesis of this thread is that it is better to contribute to a 401k and other pretax accounts before contributing to a Roth under nearly al
102.
by tcoppi 10y ago
From 1871 to the end of 2015 returned 6.86% annualized in real dollars. Most 30-year periods you can pick out average either that or above, save a few odd periods. [1] I use [2] to do most of my predictions. I think you are being way conser
103.
by tcoppi 10y ago
Yes, but only if they are deducted from your payroll by your employer, which is usually the situation when you have an HSA, but not always. You won't get a FICA refund if you contribute yourself off-payroll, but you will get an income
104.
by tcoppi 10y ago
So it is. It isn't very clear looking at that chart though, unfortunately. Another reason why I prefer FRED for this kind of data [1]. 1. https://fred.stlouisfed.org/series/A191RL1A225NBEA
105.
by tcoppi 10y ago
If we end up with wealth taxes you are still more screwed by contributing to a Roth instead of a 401k, because at least with the 401k you avoided paying taxes in the past.
106.
by tcoppi 10y ago
There is theoretically no time limit on taking withdrawals for medical expenses, so if you have enough medical expenses before you retire you can pay them with taxable money and withdraw in retirement those payments(save the receipts in cas
107.
by tcoppi 10y ago
We've also had some spectacularly high inflation in the past, which tempers those GDP numbers somewhat. I otherwise agree that historical norms for equity market returns are probably overly optimistic for the future, but I wouldn'
108.
by tcoppi 10y ago
Depends on how conservative you want to be. For me personally I've been using an inflation-adjusted rate of 5% annually, but I consider that very conservative and hope to realize a much longer rate over my time horizon. But if I do rea
109.
by tcoppi 10y ago
Agreed, if you have an HSA available it is probably the second places I would maximize contributions to, after a 401k/403b.
110.
by tcoppi 10y ago
I think it is unlikely, but the chance that they will tax Roth withdrawals is positively correlated with the very scenario that makes contributing to them advantageous, a massive tax hike in the future. If the government needs money that ba
111.
by tcoppi 10y ago
No, that money would have been in a 401k, so you would lose out on the initial benefit of not having paid taxes when you contributed if they raid Roths. But, if you've already maxed out your other tax-advantaged space, and you have mor
112.
by tcoppi 10y ago
I agree that the risk of Roths being raided is quite high if we get to the point of taxes being raised that significantly to cause them to be valuable, so I don't really see a benefit personally of making significant contributions to o
113.
by tcoppi 10y ago
How would 401k laws change, you are already taxed when you withdraw from a 401k normally? The risk with Roth laws changing is you get double-taxed because the government needs money, with a 401k you have gotten the benefit the moment you co
114.
by tcoppi 10y ago
If you consider the risk of massive tax rate increases over 30-40 years significant, due to the need to pay for massive entitlement and infrastructure spending, also consider the risk that they will tax Roth capital gain withdrawls to pay f
115.
by tcoppi 10y ago
If you decide to retire early you can always set up a Roth conversion ladder by rolling over IRAs and 401ks to Roth IRAs. It takes 5 years for those contributions to "season" so that you can take them out before 59.5, but you can
116.
by tcoppi 10y ago
If you aren't contributing the max to your 401k and IRA I would do that before considering Roth contributions, unless you really believe tax rates will explode such that your overall rate in retirement is higher than your marginal rate
117.
by tcoppi 10y ago
The rates would need to go up enough so that your overall tax rate in retirement is greater than the marginal rate you pay taxes at today. That would be quite the taxation increase, probably above the historical norm at any point in the
118.
by tcoppi 10y ago
A 50/50 traditional/roth allocation suggests you see it as even odds that your overall tax rate will be higher in retirement than your marginal rate today. That would require quite the rise in taxation rates, depending on exac
119.
by tcoppi 10y ago
The only situations I can think of where Roth might make sense are 1) early stages of your career, before you hit the 28% marginal rate and 2) if you are still eligible for a Roth, but already maximized your other tax-advantaged space in 40
120.
by tcoppi 10y ago
Thanks, I hadn't seen that. If it is true then it is more likely someone breached his email rather than these simply coming from hacks of the DNC.

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