@CPAPlanner Are you reading this as if just the after-tax amount would not be eligible or that ANY after-tax amount in an IRA (applying pro-rata rules), would prevent ANY amount from being converted? i.e. $20k after-tax out of $1MM total would prevent the 980k from being converted?
@jposhaughnessy's podcast with @tomowenmorgan is a hidden gem that might just make you rethink your life choices.
Here's a thread of my top takeaways; hope you find it useful!
Quick run down cos my head is exploding
- Elon Musk puts #bitcoin in bio
- Bitcoin jumps 3k
- Robinhood shorts itself
- $DOGE moons
- The little man destroys Wall Street
- Left and the right unite
- No mention of Covid
2021! 🔥🚀
Hey #taxtwitter, how should HHS provider relief funds be treated for the purposes of 25% gross receipts reduction test on 2nd draw PPP loans? @nittiaj@amiekcpa@CPAPlanner
1/ An Allegory of Finance
I have been posting a lot of educational (and humorous!) threads on finance, money, and economics.
My mission is simple: to demystify these concepts and make them accessible to everyone.
All of the threads can be found below. Enjoy and please share!
1/ An Allegory of Finance
I have been posting a lot of educational (and humorous!) threads on finance, money, and economics.
My mission is simple: to demystify these concepts and make them accessible to everyone.
All of the threads can be found below. Enjoy and please share!
One thing that keep recurring in the paper is an idea that such skewed wealth inequality combined with income inequality leads to something of an inflation heat sink.
It's hard to create inflation when 97% of every dollar spent recycles back to people who don't need to spend it
1/ Notes from @Jesse_Livermore episode at @InvestLikeBest
If you are yet to listen to this episode, here's a friendly suggestion: Do not put the audio speed more than 1x. The guest in this episode already talks at 2x speed.
Perhaps that's by design to fit in all his insights.