Dave Frantz

I like food.

[Dave Frantz @davefrantz]

@ClayTravis Definitely should not ref another game on the world stage
Or even U-13 for my son

[The Babylon Bee @TheBabylonBee]

NBC Suffers Bizarre Technical Glitch As Entire Halftime Show Broadcast In Spanish https://t.co/ByNo7Hrn3r

[Dave Frantz @davefrantz]

@ClayTravis I’m feeling like I’m with the opening ceremonies of the Madrid or Mexico City Olympics

[Mark Cecchini, CFP® @markcecchini]

COMMANDER: We’re fighting for freedom. And part of that freedom… is the freedom to retire with dignity. So we’re going to start accounts called 401(k)s.

SOLDIER 1: What’s a 401(k)?

COMMANDER: It’s a retirement account. You put money in, it grows tax-free, you take it out when you’re old.

SOLDIER 2: So I don’t pay taxes on it?

COMMANDER: Well, you pay taxes later. When you withdraw.

SOLDIER 2: So it’s not tax-free.

COMMANDER: It’s…tax-deferred.

SOLDIER 2: What’s the difference?

COMMANDER: You pay taxes later instead of now.

SOLDIER 1: What if I want to pay taxes now?

COMMANDER: Then you do a Roth 401(k).

SOLDIER 3: What’s a Roth?

COMMANDER: You pay taxes now, and it grows tax-free.

SOLDIER 2: That’s what I thought the first one was.

COMMANDER: No, the first one you pay taxes later.

SOLDIER 1: Which one’s better?

COMMANDER: Depends on your tax bracket in retirement.

SOLDIER 1: …How would I…know that?

COMMANDER: You don’t. You just guess.

⸻

SOLDIER 4: What if I don’t have a 401(k) through my employer?

COMMANDER: Then you open an IRA.

SOLDIER 4: What’s the difference?

COMMANDER: One’s through your job, one’s on your own.

SOLDIER 4: Can I have both?

COMMANDER: Yes.

SOLDIER 4: Should I?

COMMANDER: Maybe.

SOLDIER 3: Can I do a Roth IRA?

COMMANDER: Only if you make under a certain amount.

SOLDIER 3: What’s the limit?

COMMANDER: Changes every year.

SOLDIER 2: What if I make too much?

COMMANDER: Then you do a backdoor Roth by putting it in a Traditonal first.

SOLDIER 2: …Is that legal?

COMMANDER: Surprisingly, yes.

SOLDIER 1: What’s a backdoor Roth?

COMMANDER: You contribute to a traditional IRA, then convert it to a Roth…but watch out for “pro rata”.

SOLDIER 1: Why wouldn’t I just contribute to the Roth directly?

COMMANDER: Because you make too much money.

SOLDIER 1: But this way I can?

COMMANDER: Yes.

SOLDIER 1: That feels like a loophole.

COMMANDER: It is. But the IRS is cool with it.

⸻

SOLDIER 5: I just changed battalions. What do I do with my old 401(k)?

COMMANDER: You roll it over.

SOLDIER 5: Into what?

COMMANDER: An IRA. Or your new 401(k). Depends.

SOLDIER 5: On what?

COMMANDER: The funds. The fees. Whether your new plan accepts rollovers.

SOLDIER 5: What if I just take the money out?

COMMANDER: You’ll pay taxes plus a 10% penalty.

SOLDIER 5: What if I’m 59?

COMMANDER: Penalty.

SOLDIER 5: 59 and a half?

COMMANDER: No penalty.

SOLDIER 5: …The half matters?

COMMANDER: The half matters.

⸻

SOLDIER 3: What’s a mega backdoor Roth?

COMMANDER: Okay. So. Your 401(k) has a limit of how much you can contribute.

SOLDIER 3: Right.

COMMANDER: But the total limit including employer contributions is higher.

SOLDIER 3: Okay…

COMMANDER: So if your plan allows ~after-tax~ contributions, you can put in more, then convert that to Roth.

SOLDIER 3: Does my plan allow that?

COMMANDER: I don’t know. You have to ask Betsy.

SOLDIER 3: Will Betsy know?

COMMANDER: Probably not.

⸻

SOLDIER 2: Can I deduct my IRA contribution on my taxes?

COMMANDER: Are you covered by a retirement plan at work?

SOLDIER 2: Yes.

COMMANDER: Then only if you make under a certain amount per year.

SOLDIER 2: What’s the amount?

COMMANDER: Depends if you’re married.

SOLDIER 2: What if my wife has a plan but I don’t?

COMMANDER: Different limit.

SOLDIER 2: What if neither of us has a plan?

COMMANDER: Full deduction.

SOLDIER 2: So it’s better to not have a 401(k)?

COMMANDER: No…

⸻

SOLDIER 1: Can I just keep my money in a sock?

COMMANDER: You could. But inflation will slowly destroy it.

SOLDIER 1: What’s inflation?

COMMANDER: (sighs)…

[Dave Frantz @davefrantz]

@PGuy77 This

[Dave Frantz @davefrantz]

@MichaelBorkey Source?

[Libs of TikTok @libsoftiktok]

ATTENTION ANYONE IN NEW ORLEANS

The Courtyard Brewery is celebrating Charlie’s death. They also say they pi** in their customer’s cups.

Share this with everyone you know in the area!

[J.P. Hasson @SonofHas]

How @AP eulogizes a literal terrorist

VS

How they eulogize a beloved MLB player

[Lily Cummings @lilyrcummings]

A driver reached out to @WWLTV about a ticket she received in this school zone on Canal. She claims the time that is posted changed without notice & lights weren’t blinking. We’re here now. Lights are blinking at 3:30pm. It says 1-3pm. 🤔 @CityOfNOLA @CmGiarrusso

[Dave Frantz @davefrantz]

@news_fuentes @FOX8NOLA Ha, apparently it is edible and some say delicious. I don't think they are talking about West Esplanade canal carp though...

[Dave Frantz @davefrantz]

@IRSnews @fema How about Southeast Louisiana because of Hurricane Francine?

[African Hub @AfricanHub_]

Kenyan runner Abel Mutai was just a few feet from the finish line, but became confused with the signage and stopped, thinking he had completed the race.

A Spanish runner, Ivan Fernandez, was right behind him and, realizing what was happening, started shouting at the Kenyan to continue running. Mutai didn't know Spanish and didn't understand. Realizing what was taking place, Fernandez pushed Mutai to victory.

A journalist asked Ivan, "Why did you do that?"

Ivan replied, "My dream is that someday we can have a kind of community life where we push and help each other to win."

The journalist insisted, "But why did you let the Kenyan win?"

Ivan replied, "I didn't let him win, he was going to win. The race was his."

The journalist insisted again, "But you could have won!"

Ivan looked at him and replied, "But what would be the merit of my victory? What would be the honor in that medal? What would my mother think of that?"

Your comments on this

[Collin Rugg @CollinRugg]

NEW: Former President Barack Obama appears to reenact the viral 'Key & Peele' skit as he sends off Team USA basketball to the 2024 Paris Olympics.

Obama was seen 'dapping up' the basketball players before giving a modest handshake to the coaches.

The former president surprised the players before they headed off.

"I’m pretty confident that they’re going to be bringing back the gold and representing us the way we should be represented around the world," Obama said.

"I just want to come here to obviously help send off the soon-to-be gold-medal winners. But I want to come by and say thank you to the legends who have represented USA Basketball and America for 50 years now."

[ChungusAmongUs @J___D___I]

LMPD today

[Dave Frantz @davefrantz]

@alexandracranfo Lemon Ice, Sal's

[Dave Frantz @davefrantz]

@blakearcuri I bet they are devastated they have to take their little mask off when they go to jail.

[The Babylon Bee @TheBabylonBee]

Media Reports Trump Threatened Nuclear War After He Says, 'This Guacamole Is The Bomb!' https://t.co/jnS1nFfg0g

[The Associated Press @AP]

Harvard president's resignation highlights new conservative weapon against colleges: plagiarism https://t.co/GiVkT3LgUo

[Dave Frantz @davefrantz]

@Bay_Ro @ScottWalkerJP Check that, they picked it up this morning, Thursday. Christmas has my days mixed up.

[Dave Frantz @davefrantz]

@Bay_Ro @ScottWalkerJP I am also on Tuesday. They picked mine up this morning, Wednesday.