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Random Thought Thread, aka The RTT (**possible spoilers**)

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Random Thought Thread, aka The RTT (**possible spoilers**)

Old 12-17-12, 10:10 PM
  #1026  
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Originally Posted by Racer Ex View Post
Hi guys.
What did I do?
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Old 12-17-12, 11:37 PM
  #1027  
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Originally Posted by botto View Post
lookin' good, you hippy.
Until I saw this I totally forgot. Best friend when I was 4 and 5 years old was "Tommy". We visited his family when we returned to the US, I was maybe 12 or 13 when we visited. While we were away the family had built a workshop in the backyard, similar in size to g's. The father was really proud and wanted to show us the workshop. So we went out back. Went in.

My eyes popped out of my head.

The walls were covered in nudie centerfolds. Although there must have been something other than nudies in the workshop for the life of me I can't tell you what was there. There might have been a truck or a woodworking shop or who knows what but I can't remember anything. Just a bazillion centerfolds. And even those just blurred together.

I tried to be modest but my mind was blank.

My mom was like, "wow, did you see all the naked women?"
I stuttered something like, "uh, no, what naked women?"

We, unfortunately, never visited Tommy's family again.

Oh the connection - my mom called Tommy's dad a "beatnik", which, when pressed, she defined as a hippie.
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Old 12-18-12, 02:20 AM
  #1028  
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Originally Posted by carpediemracing View Post
My mom was like, "wow, did you see all the naked women?"
I stuttered something like, "uh, no, what naked women?"
And that's how CDR came to wear glasses through junior high.
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Old 12-18-12, 05:34 AM
  #1029  
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Originally Posted by jsutkeepspining View Post
remember how you promised to let me stay with you when i go to college?
You suck at geography, don't you?
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Old 12-18-12, 06:06 AM
  #1030  
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Originally Posted by Racer Ex View Post
And that's how CDR came to wear glasses through junior high.
lmao
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Old 12-18-12, 07:14 AM
  #1031  
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So I was reading the thread about having 8 months to prep for a race, and Shovel's comment about Wells Ave. got me thinking. I looked it up on the map, and sure enough, I lived not too far from Wells Ave. for several years, and I never knew there were races there. Of course, at that time, I didn't ride a bike. My chosen exercise was 12-ounce curls.

And Chappy, I converted the roll-over 401(k)s for two reasons. 1. I wanted to take advantage of the lower taxes in 2012. It seems like there is a good chance tax rates will be going up in 2013 or beyond. Plus, I like to think that my income will continue to grow pushing me into higher and higher tax brackets, so I would take an even bigger tax hit if I waited until retirement. And 2. My wife got a small inheritance this summer when her aunt passed away, so we had the money to pay the taxes now.

Finally, Saratoga, as for going with no sealant, I would not do it. I run tubeless on my mountain bike with sealant and ran a makeshift tubeless set up on my cross bike for a season, again with sealant. On the cross bike, I got way too many burps and just ditched the tubeless set up. I am pretty sure Zinn did a couple articles or Q&As on this, so you might want to look through the VeloNews archives.
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Old 12-18-12, 07:32 AM
  #1032  
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Originally Posted by Racer Ex View Post
And that's how CDR came to wear glasses through junior high.
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Old 12-18-12, 07:45 AM
  #1033  
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Originally Posted by topflightpro View Post
So I was reading the thread about having 8 months to prep for a race, and Shovel's comment about Wells Ave. got me thinking. I looked it up on the map, and sure enough, I lived not too far from Wells Ave. for several years, and I never knew there were races there. Of course, at that time, I didn't ride a bike. My chosen exercise was 12-ounce curls.

And Chappy, I converted the roll-over 401(k)s for two reasons. 1. I wanted to take advantage of the lower taxes in 2012. It seems like there is a good chance tax rates will be going up in 2013 or beyond. Plus, I like to think that my income will continue to grow pushing me into higher and higher tax brackets, so I would take an even bigger tax hit if I waited until retirement. And 2. My wife got a small inheritance this summer when her aunt passed away, so we had the money to pay the taxes now.

Finally, Saratoga, as for going with no sealant, I would not do it. I run tubeless on my mountain bike with sealant and ran a makeshift tubeless set up on my cross bike for a season, again with sealant. On the cross bike, I got way too many burps and just ditched the tubeless set up. I am pretty sure Zinn did a couple articles or Q&As on this, so you might want to look through the VeloNews archives.
Got it. I think i really ought to do Roth as i'm just starting, but i could use the decreaded burden right now. Maybe in a few years after i've saved enough for a down payment to a piece of real property.

---

As for sealants, anything that doesnt use natural latex. There's a comprehensive chart on slowtwitch. I use caffelatex (synthetic latex)
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Old 12-18-12, 08:00 AM
  #1034  
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Originally Posted by echappist View Post
care to elaborate why you converted? I have the option to do either and have thought about this for a while.

As you likely know, if you convert you'll pay income tax now on the amount that you put in a deductible IRA, and the gains, in the conventional IRA. (you don't have to pay taxes on amounts that you put in a non deductible IRA, just on the gains.) But you don't have to pay taxes again on withdrawls from the Roth IRA.

So the question becomes whether the value of having the money in your Roth IRA growing tax free trumps the value of the Tax defferal in the conventional IRA. To answer this question, you have to know 1) the amount of money your looking to convert, 2) your current tax bracket, 3)your age (i.e. number of years before you'll draw the money out), 4) your assumed rate of return, and 5) the assumed tax rate when you'll withdraw the money.

If you have all those numbers, you can run the calculations and come up with an informed guess, but it's still a guess because you can't know with certainty the rate of return, and the future tax rate. If you're good with financial calculations, you can do this yourself, if not, its worth paying a fee base financial planner to do it.

The reason a number of people are doing the Roth conversion this year is the assumption that rates (particularly on income over $250,000) will be higher next year, and with long term demographic trends will be higher years from now when you take the money out in retirement.

However, you also have to realize that when you make the Roth IRA conversion, you are trusting the Government not to change the Tax law. While earnings in Roth IRA's aren't taxed now, there's nothing to prevent a future Congress from taxing them, other than political outrage. My guess is that they won't directly tax Roth IRA's but they can easily screw you indirectly by counting Roth IRA withdrawls in your Gross income for the purpose of determining your tax bracket, and for means testing Social Security, and Medicare, which is coming, its only a matter of when.

Personally, I've decided not to convert a small non deductible IRA to a Roth, mostly because of how my age affects the calculations, but also in part because I don't trust the government enough to voluntarily increase my current tax bill, with the promise they won't tax me again, and also partially inertia.

That said, if your younger, make different assumptions about future tax rates,and expected rates of return, your answer may well be different.
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Old 12-18-12, 08:30 AM
  #1035  
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Originally Posted by echappist View Post
$2.5k should get you some quality stuff that will last you ages. As they say, never skimp on shoes and haircuts. Getting a suit that fits is also important. Whatever you do, just don't get 3-button suits (unless if you are 6'5") or black suits.
Not quite looking at that much. But yes, definitely a couple high quality shoes. Not going the suit route, since I just won't get much use out of it. I've got a navy jacket I can pair with stuff as long as it's not amazingly formal. New variety of jeans. A few new sweaters of some sort. New shirts, a couple belts. The basics I guess? I really have no idea what I'm doing, so just trying to read up on it currently so I can make some informed decisions.
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Old 12-18-12, 01:34 PM
  #1036  
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I just got an email for setting up a phone interview at a biotech consulting company. I am beyond excited!
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Old 12-18-12, 01:57 PM
  #1037  
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Originally Posted by ridethecliche View Post
I just got an email for setting up a phone interview at a biotech consulting company. I am beyond excited!
Like.
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Old 12-18-12, 02:04 PM
  #1038  
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Old 12-18-12, 02:27 PM
  #1039  
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Originally Posted by ridethecliche View Post
I just got an email for setting up a phone interview at a biotech consulting company. I am beyond excited!
, and I have an interview with former boss #2 on Thursday.
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Old 12-18-12, 02:31 PM
  #1040  
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Good luck to both of you
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Old 12-18-12, 02:44 PM
  #1041  
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Originally Posted by echappist View Post
Good luck to both of you
+1
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Old 12-18-12, 02:46 PM
  #1042  
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Originally Posted by merlinextraligh View Post
As you likely know, if you convert you'll pay income tax now on the amount that you put in a deductible IRA, and the gains, in the conventional IRA. (you don't have to pay taxes on amounts that you put in a non deductible IRA, just on the gains.) But you don't have to pay taxes again on withdrawls from the Roth IRA.

So the question becomes whether the value of having the money in your Roth IRA growing tax free trumps the value of the Tax defferal in the conventional IRA. To answer this question, you have to know 1) the amount of money your looking to convert, 2) your current tax bracket, 3)your age (i.e. number of years before you'll draw the money out), 4) your assumed rate of return, and 5) the assumed tax rate when you'll withdraw the money.

If you have all those numbers, you can run the calculations and come up with an informed guess, but it's still a guess because you can't know with certainty the rate of return, and the future tax rate. If you're good with financial calculations, you can do this yourself, if not, its worth paying a fee base financial planner to do it.

The reason a number of people are doing the Roth conversion this year is the assumption that rates (particularly on income over $250,000) will be higher next year, and with long term demographic trends will be higher years from now when you take the money out in retirement.

However, you also have to realize that when you make the Roth IRA conversion, you are trusting the Government not to change the Tax law. While earnings in Roth IRA's aren't taxed now, there's nothing to prevent a future Congress from taxing them, other than political outrage. My guess is that they won't directly tax Roth IRA's but they can easily screw you indirectly by counting Roth IRA withdrawls in your Gross income for the purpose of determining your tax bracket, and for means testing Social Security, and Medicare, which is coming, its only a matter of when.

Personally, I've decided not to convert a small non deductible IRA to a Roth, mostly because of how my age affects the calculations, but also in part because I don't trust the government enough to voluntarily increase my current tax bill, with the promise they won't tax me again, and also partially inertia.

That said, if your younger, make different assumptions about future tax rates,and expected rates of return, your answer may well be different.
Yes. I still have about 30 years until I will be considering retirement - unless I win the lottery - so making the conversion now makes sense for me.
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Old 12-18-12, 02:51 PM
  #1043  
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Originally Posted by gsteinb View Post
You suck at geography, don't you?
no i suck at speaking english, math, history, english, and geography. get it right you damn hippie!
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Old 12-18-12, 03:07 PM
  #1044  
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dont forget spelling.
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Old 12-18-12, 03:07 PM
  #1045  
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Originally Posted by ridethecliche View Post
I just got an email for setting up a phone interview at a biotech consulting company. I am beyond excited!
You wouldn't be working for a Doctor Moreau, would you?

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Old 12-18-12, 03:11 PM
  #1046  
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Originally Posted by jsutkeepspining View Post
no i suck at speaking english, math, history, english, and geography. get it right you damn hippie!
The effort here is exhausting.
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Old 12-18-12, 04:27 PM
  #1047  
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Good luck to you guys.
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Old 12-18-12, 05:10 PM
  #1048  
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Originally Posted by Ultraslide View Post
You wouldn't be working for a Doctor Moreau, would you?

I'll let you know if they ask about vivisection during the interview.
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Old 12-18-12, 05:49 PM
  #1049  
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Originally Posted by hammy56 View Post
dont forget spelling.
...

Last edited by gsteinb; 12-18-12 at 05:50 PM. Reason: let's not be ridiculous kid. you can get infractions just like anyone.
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Old 12-18-12, 06:12 PM
  #1050  
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darn rules
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