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Kiisu Buraun

 
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  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Christine,

    "I should make my money while living in a state with no income tax, then move somewhere with no sales tax."

    If all else were equal, you'd be right...but I've found such circumstances vanishingly rare.

    As part of my pre-retirement planning (which took more than 15 years), I looked at nearly a dozen states and found it useful to examine more than just the taxes (we made site-visits and subscribed to a local paper). Similarly, once my wife and I decided to remain in Texas, we checked regional and county stats (and made numerous on-site visits) before making a final decision.

    From very early in my career I took advantage of the pre-retirement planning classes offered by my employer. Those helped...not only with financial planning, but they also identified for me, other relevant factors.

    As a young man I was told... "Proper prior preparation prevents poor performance" ...and in my experience proper prior preparation definitely helps.

    Best wishes,

    Kiisu
    Oct 8, 2014. 01:26 PM | 3 Likes Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Robert.from.Ct,

    "A lot of ranchers are all hat and no cattle"

    That does happen.

    In my drives around the state over the past 30+ years, beside the numerous cattle ranches, I've seen horse farms; goat and sheep farms; exotic animal ranching (amazingly popular...a neighbor raises registered llamas; others populate their ranches with African exotics).

    In my case, I have cattle and hats.

    Best wishes,

    Kiisu
    Oct 6, 2014. 10:26 PM | 4 Likes Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Robert,

    Comparative geography [Texas vs. other US states; Texas vs. European countries] can be rather enlightening.

    Best wishes,

    Kiisu
    Oct 6, 2014. 09:26 PM | 1 Like Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Robert,

    Texas farms can be both smaller than 30 acres and considerably larger (many thousands of acres).

    Having traveled a fair amount, and having lived in various states, I like the Texas attitude, cuisine, and definitely appreciate Texas's lower fuel prices (friends tell me they pay a $0.50/gal [or more] premium where they live).

    But, it doesn't change my appreciation of Texas if you decide to stay where you are.

    Best wishes,

    Kiisu
    Oct 6, 2014. 07:46 PM | 2 Likes Like |Link to Comment
  • 'Overdue' Dividend Increases (And Other Streaks At Risk) [View article]
    Robert,

    I'm subbing out some of the work. For example, a gas leak could really ruin my day...and the local plumber (who does gas lines) is incredibly cheap.

    However digging in the dirt (and doing minor concrete work) merely requires a strong back...and gives me time to think.

    Best wishes,

    Kiisu
    Oct 6, 2014. 03:42 PM | 1 Like Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Robert, djsulli,

    If you have a farm, you can apply for an "ag" exemption which can drastically decrease RE taxes. The RE taxes on my rather modest Houston town home ran ~2,500. The taxes on my farm run about $600. Part of the difference is due to the "ag" and part due to the cost difference between metro and rural "services".

    Though I miss the wider selection of ethnic restaurants available in Houston, I enjoy the lower rural prices...and when I really need something not available locally, DalWorth is only a few hours away.

    While the sales tax is generally 8.25% (can be lower), food and medications are not taxed and typically we have a clothing "tax-free" weekend near the beginning of the school year.

    Best wishes,

    Kiisu
    Oct 6, 2014. 03:33 PM | 1 Like Like |Link to Comment
  • 'Overdue' Dividend Increases (And Other Streaks At Risk) [View article]
    David, Robert,

    I'm not eating dirt or concrete...merely expanding an existing farm building and constructing a covered outdoor kitchen (sinks, drains, electrical power, gas lines, etc)

    Best wishes,

    Kiisu
    Oct 6, 2014. 03:10 PM | 1 Like Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Robert,

    I'm retired. Have been since 3 Jan 2009. Though I work, I'm not employed.

    Each year I estimate the amount I can convert from an IRA to a ROTH without going to a higher bracket; I look at how much I have left in the IRA; the number of years remaining before RMDs kick in; and I check the amount of cash I have on hand to pay the additional required taxes.

    All those numbers figure into how much I convert each year.

    Fortunately, though the remaining IRA is geared toward dividend growth, its gross value has increased quite nicely (I'm not currently spending any of it for expenses)...and I'm also fortunate to have sold my Houston residence so I have resources to pay the additional taxes.

    At times (depending on my overall financial status), I convert more than the minimum. By doing so, I reduce the risk of having assets in the IRA (because the IRA grew faster than expected) when I reach 70-1/2.

    Hope this helps.

    Best wishes,

    Kiisu
    Oct 5, 2014. 07:48 PM | 1 Like Like |Link to Comment
  • 'Overdue' Dividend Increases (And Other Streaks At Risk) [View article]
    David,

    "Well...a guy's gotta have a hobby, I guess...;)"

    Yes...in my case, it's a farm; it keeps me off the streets, generally out of trouble, and fed without getting fat. ;)

    Best wishes,

    Kiisu
    Oct 5, 2014. 07:16 PM | 2 Likes Like |Link to Comment
  • How To Withdraw Money Sensibly From Your Retirement Portfolio: Part 1 [View article]
    Chuck,

    Thank you for the excellent article.

    When I turned 59-1/2 I began an annual process of converting a portion my IRAs to a ROTH and paying the requisite taxes from external cash. By doing so I manage my taxes on my terms...rather than on the IRS's.

    My goal is to deplete my final remaining IRA by the time I reach 70-1/2.

    Usually I do an in-kind conversion, but I also like your suggestion of identifying richly-valued holdings, selling them and transferring the corresponding cash for a different investment.

    Please keep up the good work.

    Best wishes,

    Kiisu
    Oct 5, 2014. 03:31 AM | 3 Likes Like |Link to Comment
  • 'Overdue' Dividend Increases (And Other Streaks At Risk) [View article]
    David,

    Thanks for the article. Sorry I missed it when you first published it.

    Guess I need to do more reading ... and less playing in dirt and concrete.

    Best wishes,

    Kiisu
    Oct 4, 2014. 06:52 PM | 1 Like Like |Link to Comment
  • Three Great Dividend Companies To Consider For Any Portfolio [View article]
    Regarding alternate energy sources, I found the following page interesting:
    http://bit.ly/rZkkyH

    Which is based on the book with the same name:
    http://amzn.to/1uF7sBO

    Which I also found interesting.

    From the wiki page:
    "The world consumes approximately 3 CMO annually from all sources. The table shows the small contribution from alternative energies in 2006.
    Source. . . . . . CMO/yr
    Oil. . . . . . . . . 1.06
    Coal. . . . . . . . 0.81
    Natural gas. . . 0.61
    Biomass. . . . . 0.19
    Nuclear . . . . . 0.15
    Hydroelectric . 0.17
    Geothermal . . <0.01
    Wind+Photovoltaic+Solar thermal <0.005
    "
    The section "Replacement of oil by alternative sources" was also eye-opening.

    Best wishes,

    Kiisu
    Oct 2, 2014. 05:43 PM | Likes Like |Link to Comment
  • You Are Responsible For Your Investing Decisions [View article]
    DVK,

    Thank you for another interesting article...and my apologies.

    I'm playing catch-up. I was away from a computer for most of the summer.

    Best wishes,

    Kiisu
    Sep 24, 2014. 11:50 AM | 3 Likes Like |Link to Comment
  • You Are Responsible For Your Investing Decisions [View article]
    I made the mistake of regularly downloading and reading the US Budget summary tables (http://1.usa.gov/NvzKuH).

    I've not yet read the 2014 or 2015 Budgets.

    However, if you examine the 2013 Budget's Summary Table S-5 and check the column for 2011 (IMO projected numbers are fantasy, while actual 'historical' numbers count). It reveals that "Subtotal, mandatory programs" was $2,073B, "Net interest" was $230B and "Total receipts" was $2,303B.

    The sum of mandatory and interest (2,073 + 230 = 2,303) was the same as total receipts.

    Thus, all that we normally think of as federal government (both military and civilian...in other words "discretionary" programs) a total of $1,300B in 2011 was paid for with borrowed money.

    Best wishes,

    Kiisu
    Sep 24, 2014. 06:06 AM | 1 Like Like |Link to Comment
  • You Are Responsible For Your Investing Decisions [View article]
    The Federalist & Anti-Federalist papers were actually a series of pro & con debates (waged in the newspapers) about the advantages & dangers of the newly proposed Constitution.

    Reading only one is like ignoring the opposition in a political debate.

    Because the language and terminology is a bit archaic, there is also a "modern language translation" of the Federalist Papers. (see: http://amzn.to/Y5mPW0).

    Best wishes,

    Kiisu
    Sep 24, 2014. 05:02 AM | 4 Likes Like |Link to Comment
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