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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316748 12/05/20 01:05 AM
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Was wondering same thing and asked a few people that are involved in some of the bigger clubs and the answer was no not just yet esp if you are doing IMG in Fl next month. Some good players doing it but a lot of invites went out plus still only in 9th and still a bit young though things should pick up later this summer which will be more impt than this. If have the dough and want to get away for a day though it will be fun.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
TheBackOfTheCage #316759 12/05/20 11:34 AM
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1 percent invite, funny. They really no how to sell their product. Covid, fly to Florida for a showcase, 9th grade.1500 bucks/ hotel/flight/registration fee, no thanks. 50 events/showcases in the tri state area over the next year.
Let us know how that works out.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316882 12/07/20 08:12 PM
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Originally Posted by Anonymous
Just to be clear, the money you put into a qualified 529 plan is after tax dollars, the only thing that does not get taxed is the gains on the investments, but only if they money is used for qualified educational expenses. Since we are talking about 9th graders here, I'm not too sure that investing 10k a year at this point is going to have huge tax benefits. However, if you have been investing in one since your children were young, then the tax benefits can be a lot greater.

That is incorrect. If you invest in NY's 529, you get to deduct it from your state income taxes, up to $10,000. It' saves you $700 a year in state taxes if you max out.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316885 12/07/20 09:51 PM
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That is correct. The $700 is not concrete but possible if you are in the highest NY bracket but can still save something. Depends on your NY tax status. For-the-record, the $10,000 NYS deduction is for “married filing jointly” and it is $5,000 for Single filers. It is NOT per child. Also...it MUST be a NY plan: either Vanguard for self directed or JPMorgan Chase is through an advisor!! No age limit so can be left in there for years or decades and changed beneficiary back to yourself if not needed. You can go to an accredited school like Rick Mears Racing school or change to an eventual grandchild.
***** Can put in money and take out (after 7 business days) and still get the NYS deduction. Therefore-do it right into child’s senior year!

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316887 12/07/20 11:00 PM
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Originally Posted by Anonymous
That is correct. The $700 is not concrete but possible if you are in the highest NY bracket but can still save something. Depends on your NY tax status. For-the-record, the $10,000 NYS deduction is for “married filing jointly” and it is $5,000 for Single filers. It is NOT per child. Also...it MUST be a NY plan: either Vanguard for self directed or JPMorgan Chase is through an advisor!! No age limit so can be left in there for years or decades and changed beneficiary back to yourself if not needed. You can go to an accredited school like Rick Mears Racing school or change to an eventual grandchild.
***** Can put in money and take out (after 7 business days) and still get the NYS deduction. Therefore-do it right into child’s senior year!
Vanguard is AA in the 529 space. JPMC is a B club at best. Dimon is a problem. Always yellling wheels in the boardroom.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316900 12/08/20 09:22 AM
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Couldn't agree more about saving for a 529 plan. Start early, and even if you haven't started, start now. Compounding is an extremely powerful thing. The amount of money that I have invested has earned 150% since I started investing, thus my college bill will be less than half of today's $$$. Not trying to brag, this is an anonymous board, just know that you can save so much money in paying for college by using a 529 account. Your kid will be college for 4 years. Even if you just start now, your investment will have 3 1/2 years to compound when they start college, and then another 3+ years (beginning of Senior year) to compound when the enter their last year. If you have any left over, you can withdraw it and be taxed with a 10% penalty, or leave it in there to compound for another 20 to 25+ years for your grandkids - this is free money for your kids to pay for their kids college education - just think how much college will cost when their kids attend college. Plus you get to deduce your contributions from your state taxes, as mentioned above $700 max on $10,000 - that's a 7% immediate return!!!!!

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316924 12/08/20 11:43 AM
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Originally Posted by Anonymous
Couldn't agree more about saving for a 529 plan. Start early, and even if you haven't started, start now. Compounding is an extremely powerful thing. The amount of money that I have invested has earned 150% since I started investing, thus my college bill will be less than half of today's $$$. Not trying to brag, this is an anonymous board, just know that you can save so much money in paying for college by using a 529 account. Your kid will be college for 4 years. Even if you just start now, your investment will have 3 1/2 years to compound when they start college, and then another 3+ years (beginning of Senior year) to compound when the enter their last year. If you have any left over, you can withdraw it and be taxed with a 10% penalty, or leave it in there to compound for another 20 to 25+ years for your grandkids - this is free money for your kids to pay for their kids college education - just think how much college will cost when their kids attend college. Plus you get to deduce your contributions from your state taxes, as mentioned above $700 max on $10,000 - that's a 7% immediate return!!!!!

You forgot to mention the risk of implosion when the Democrats take over government.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #316995 12/08/20 11:48 PM
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Back to lax please. Enough investment advice as the horse has been beaten to death.


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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
The Hop #317049 12/09/20 03:17 PM
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ANYONE LOOKING AT SHOWCASES YET?

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #317055 12/09/20 03:34 PM
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Originally Posted by Anonymous
ANYONE LOOKING AT SHOWCASES YET?

Yes, I just saw a good one that is local, right here on the island. It's the CB Laxers NY Showcase featuring d2/d3 colleges and live streamed to dI colleges. Other than that, I have not found much else.

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
LaxrFanatic #317063 12/09/20 04:33 PM
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ty

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #317123 12/10/20 02:08 PM
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Looks like this ranking was pretty accurate
Woooooolf paaaaack it up

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
Anonymous #317275 12/12/20 06:50 PM
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What ranking ?

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
TheBackOfTheCage #317276 12/12/20 07:21 PM
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Lacrosse Magazine rankings I guess referring to.

http://lacrosserankings.com/2024-boys/

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Re: Boys 2024-9th Grade Fall 2020/Summer 2021
TheBackOfTheCage #317281 12/12/20 10:36 PM
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Looks good but WP . Is def better than Express . Prob ranked worse because they have not played all but 2 AA tournaments and lost, and a few B Tournaments

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