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Off Topic Thread-Bring on Spring..Tired of this Winter......

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Old
02-28-2014, 02:09 PM
  #451
Bruinswillwin77
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Originally Posted by ODAAT View Post
Environment Canada says Regina will be -22 tomorrow with wind chill making it feel like -40.

Temperature for Mars tomorrow........-22

Now, go wow the crowd at whichever parties you lunatics are heading to tonight
It was +22 here earlier and I thought it was freezing.

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02-28-2014, 02:11 PM
  #452
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Originally Posted by ODAAT View Post
Environment Canada says Regina will be -22 tomorrow with wind chill making it feel like -40.

Temperature for Mars tomorrow........-22

Now, go wow the crowd at whichever parties you lunatics are heading to tonight
I was gonna stay in, but with info like that to impart...

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02-28-2014, 02:11 PM
  #453
BrainOfJ
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Originally Posted by Ference the Finger View Post
If I can be bold, I'd suggest something other than a 529, unless you'll be able to save a very large part of your expected college expenses, or if you expect to be making so much (or have saved so much) that you won't be getting ANY financial aid. Because of the way 529s are set up, with the child being the beneficiary, it's treated as an asset of the child, which is counted much more toward the Expected Family Contribution.

The tax savings are great, but they don't do you much good if using the 529 means you're reducing the amount of financial aid you're eligible for.

Here's one article that gives a brief description. Here's another one. There's a link in that second article to a planning tool I wish I'd had 20 years ago.
A 529 is registered as a parental asset. Only ~6% or so is counted against financial aid. I think it's slightly over 5.5% but I don't want to give you an exact number off the top. Assets don't hurt eligibility nearly as much as income does. If you had set up a custodial account for the child, because they figure 35% of assets to be spent on college, that's where it hurts financial aid the most...but 529, while not completely void of hurting financial aid, has a minimal impact.

Hey I did some work today!


Last edited by BrainOfJ: 02-28-2014 at 02:18 PM.
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02-28-2014, 02:12 PM
  #454
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Originally Posted by Bruinswillwin77 View Post
It was +22 here earlier and I thought it was freezing.
You were only off by 10 degrees.

Oh, yeah...Im THAT guy!

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02-28-2014, 02:12 PM
  #455
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I was gonna stay in, but with info like that to impart...
You deserve a night of skull duggery combined with totally useless facts to impress everyone

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02-28-2014, 02:14 PM
  #456
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You deserve a night of skull duggery combined with totally useless facts to impress everyone
Consider it done!

I love skull duggery...it's always been a weakness of mine!

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02-28-2014, 02:21 PM
  #457
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Originally Posted by BNHL View Post
You got that right brutha. Paid mine off in 14 years even though I had some CC debt at a higher rate but smaller amount which is now paid also. Funneling my new found money into the market,IRAs and 529 funds. And retired at 54!! Maybe.
I'm hoping to be mortgage free at 40 (32 now) so we'll see how that one goes.

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02-28-2014, 02:44 PM
  #458
chuckdobbins
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I'm hoping to be mortgage free at 40 (32 now) so we'll see how that one goes.
I accepted many years ago that I will be " goin' owin' "

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02-28-2014, 02:57 PM
  #459
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3k left on my student loans from UVM. Then ill be in the clear

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02-28-2014, 02:58 PM
  #460
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I accepted many years ago that I will be " goin' owin' "
Debt is a part of life unfortunately.

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02-28-2014, 03:03 PM
  #461
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Firing people never feels good.

I need about 15 drinks right now.

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02-28-2014, 03:06 PM
  #462
sarge88
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I accepted many years ago that I will be " goin' owin' "
I've begun researching retirement coffins.

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02-28-2014, 03:10 PM
  #463
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Debt is a part of life unfortunately.
you're playing my song.....


In other news, I did an interview today with a local access tv station.
it was fun. My mouth got dry.

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02-28-2014, 03:13 PM
  #464
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I'm more prepared for the zombie apocalypse than my retirement. That's not a joke.

I don't plan on living that long anyway.

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02-28-2014, 03:14 PM
  #465
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I'm more prepared for the zombie apocalypse than my retirement. That's not a joke.

I don't plan on living that long anyway.
I was with my dad in a gun store in northern NH and was thinking the same thing when I saw the AR15 lol

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02-28-2014, 03:31 PM
  #466
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Firing people never feels good.

I need about 15 drinks right now.
Has to be a drag, but realistically the person getting axed in most cases needed to be a better employee.

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02-28-2014, 03:43 PM
  #467
doubleminor138
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Originally Posted by Kate08 View Post
Firing people never feels good.

I need about 15 drinks right now.
Once upon a time I had like 100 employees and, while I had just started a four day weekend, my boss called me to tell me we had to lay off like 25 people. I was on my way home from the beach with the wife and kid and when I heard the news I pulled into a liquor store and bought a bottle of Sambuca.

I talked to my boss and we both drank and talked for hours about our crummy situation and the people affected. I woke up on the bathroom floor, where my wonderful wife had put a pillow for my head. The bottle was empty and I had to go into the office for the deed.

I am much hardened to it now and the most important thing is to make sure people know, without a shadow of a doubt, what they need to do to retain their jobs before it comes to that. Then when it comes to that, there is no misunderstanding.

Its still unpleasant.

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02-28-2014, 03:45 PM
  #468
chuckdobbins
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Originally Posted by Kate08 View Post
Firing people never feels good.

I need about 15 drinks right now.
Had a cousin making crazy money a few years ago, and up and quit randomly cuz he couldn't deal with having to fire so many people. That's basically all he ended up doing, just hiring and firing management figureheads. I can't imagine how stressful it is. I hated being in a leadership role back in the day. Them again it was college and also it was at Target

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02-28-2014, 03:48 PM
  #469
Kate08
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Quote:
Originally Posted by LSCII View Post
Has to be a drag, but realistically the person getting axed in most cases needed to be a better employee.
Yup.

Quote:
Originally Posted by doubleminor138 View Post
Once upon a time I had like 100 employees and, while I had just started a four day weekend, my boss called me to tell me we had to lay off like 25 people. I was on my way home from the beach with the wife and kid and when I heard the news I pulled into a liquor store and bought a bottle of Sambuca.

I talked to my boss and we both drank and talked for hours about our crummy situation and the people affected. I woke up on the bathroom floor, where my wonderful wife had put a pillow for my head. The bottle was empty and I had to go into the office for the deed.

I am much hardened to it now and the most important thing is to make sure people know, without a shadow of a doubt, what they need to do to retain their jobs before it comes to that. Then when it comes to that, there is no misunderstanding.

Its still unpleasant.
I often delay terminations because I want to be 100% positive that the employee is clear on the issue, clear on what they need to do to improve, and were given the opportunity to succeed.

Today I met with an employee that had been given a written warning on Tuesday to give them a final written warning to do just that. I needed to be convinced nothing was lost in translation between the employee and the manager. And then an hour later I get an email from the manager with another issue that included insubordination. Ugh. Just an ugly day.

Looking forward to a margarita or 12 in about 13 minutes.

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Old
02-28-2014, 03:57 PM
  #470
LSCII
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Quote:
Originally Posted by chuckdobbins View Post
Had a cousin making crazy money a few years ago, and up and quit randomly cuz he couldn't deal with having to fire so many people. That's basically all he ended up doing, just hiring and firing management figureheads. I can't imagine how stressful it is. I hated being in a leadership role back in the day. Them again it was college and also it was at Target
Oh man, I'd do that in a heartbeat. So many middle management waste of space types out there...

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02-28-2014, 04:17 PM
  #471
TMac21
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Originally Posted by LSCII View Post
Oh man, I'd do that in a heartbeat. So many middle management waste of space types out there...
Hey, I resent that!

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Old
02-28-2014, 04:40 PM
  #472
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Quote:
Originally Posted by chuckdobbins View Post
Had a cousin making crazy money a few years ago, and up and quit randomly cuz he couldn't deal with having to fire so many people. That's basically all he ended up doing, just hiring and firing management figureheads. I can't imagine how stressful it is. I hated being in a leadership role back in the day. Them again it was college and also it was at Target
Earlier in my career I was assigned with shutting down a medical device facility in Newton. Great, great people there. It was all part of an acquisition and they drew short straw.
It sucked. 6 months of every Friday cutting people loose until we shut off the lights. It literally made me sick. I swore I'd never do it again.

Firing someone for cause never bothered me. I've done that so many times in 30 years I couldn't even guess at a number. But to let people go that have done whatever asked of them, exceeded expectations, **** that. Never again.


The company I currently work for is going through it now. I almost hope I do get cut in the next couple of years. My package is 78 weeks with full benefits due to my grade and twenty years and counting. Yeah, some days that looks damn good.

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02-28-2014, 05:18 PM
  #473
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NSFW.



Do it Ari Gold style.

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Old
02-28-2014, 05:22 PM
  #474
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3k left on my student loans from UVM. Then ill be in the clear
Nice!! I'm from Burlington but was too po to go to UVM.

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02-28-2014, 06:09 PM
  #475
Ference the Finger
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Originally Posted by BrainOfJ View Post
A 529 is registered as a parental asset. Only ~6% or so is counted against financial aid. I think it's slightly over 5.5% but I don't want to give you an exact number off the top. Assets don't hurt eligibility nearly as much as income does. If you had set up a custodial account for the child, because they figure 35% of assets to be spent on college, that's where it hurts financial aid the most...but 529, while not completely void of hurting financial aid, has a minimal impact.

Hey I did some work today!
Yes, I also learned that today. Apparently that changed about 4 years ago. I also learned that if it's registered to grandparents , then 0% counts against financial aid... until you take a distribution, then that distribution is counted as student income. So, if grandparent holds the 529, then hold off on taking a distribution from that 529 until the last year of school.

It would sure be nice if it didn't cost a small fortune to educate our kids these days.

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