Katie Mueller

Grit + Grace. Expert logistics coordinator of chaos. Safety Advocate. Sports Fan. Lover of all things Oklahoma. 3w2

[Katie Mueller @ktmueller]

@ChaseDaniel Insanity

[Dylan McLemore @voiceofD]

I will die on the hill that major sports championships belong on broadcast TV.

Put early round leftovers on whatever the hell truTV is. The Final Four belongs on CBS where the entire country can watch.

[Christopher Oven @Chris_Oven]

How could you describe David Payne’s severe weather coverage to a non-Oklahoman?

It’s like RedZone, but if every game was a super cell and if Scott Hanson said whatever came to his mind with no filter

[Katie Mueller @ktmueller]

@BenVerlander @ClemsonBaseball @ArmyWP_Baseball Freaking love this!

[Ben Verlander @BenVerlander]

This is awesome.

Clemson baseball has a tradition of players going up in the stands during the 4th inning to shake hands with Veterans.

Today, on opening day, the Army baseball team joined in with them

@ClemsonBaseball 🤝 @ArmyWP_Baseball

[Katie Mueller @ktmueller]

@HBTFD1 Tweet of the night!!

[Katie Mueller @ktmueller]

@lady_valor_07 Pennies

[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)…

[Katie Mueller @ktmueller]

@Matt_Pinner Friends

[Katie Mueller @ktmueller]

@AlTheBoss03 Kmart

[Katie Mueller @ktmueller]

@braves2430 5

[Katie Mueller @ktmueller]

@otokyo Move south

[Katie Mueller @ktmueller]

@sciencegirl Eggs are overcooked

[Katie Mueller @ktmueller]

@Ithurts42 16

[Katie Mueller @ktmueller]

@gunsnrosesgirl3 3

[Katie Mueller @ktmueller]

@Holden_Culotta Louder for those in the back! #tradeschool #workbasedlearning

[Mark Cuban @mcuban]

When a large employer pays so little that their full time employees qualify for Medicaid , (or any public assistance ) we the taxpayers are effectively subsidizing that big company. That’s wrong

[Katie Mueller @ktmueller]

@NWischoff Not 5… but the first 3 are rough. Go to places early. Get in and out quick. Get a babysitter for a quiet dinner twice a month. Godspeed.

[Elon Musk @elonmusk]

Solar power is very obviously the future if you can do elementary math.

Compared to the Sun, all other energy combined is like caveman burning some twigs.

[Katie Mueller @ktmueller]

@AmandaMGoetz Exactly!!