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Mike Nadel

 
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  • My Roth Conversion Odyssey (Part 2) [View article]
    Dave:

    Excellent idea. We'll see what her employment status is 6 years from now. She won't be too far from retirement, if she isn't there already.

    Mike
    Jan 26, 2015. 09:05 PM | Likes Like |Link to Comment
  • How Much 'Extra' Return Are You Getting If You Reinvest Dividends? [View article]
    Vanguard, too.

    Mike
    Jan 26, 2015. 07:20 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    Roady:

    <<Your article got me thinking>>

    I don't want to speak for my fellow contributors, but this is always my favorite thing a commenter can say, because that's the whole idea!

    I like the kind of adjustment to weighting you are making: adding to positions you want more of while holding firm on positions you like but don't necessarily need more income from. Nice job!

    Mike
    Jan 26, 2015. 07:11 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    mary:

    Reminds me ... thinking of topping off my T again!

    Mike
    Jan 26, 2015. 03:03 PM | 5 Likes Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    mary:

    There you have it ... we both make lots of sense! Who knew?

    Mike
    Jan 26, 2015. 03:02 PM | Likes Like |Link to Comment
  • How Much 'Extra' Return Are You Getting If You Reinvest Dividends? [View article]
    Outstanding stuff, Dave, well worthy of an Editors' Pick!

    I have been in the drip camp -- reinvesting right back into the companies that generated the dividends -- but I believe I will be evolving slowly into your way of doing things. I already have turned off my KMI drip because it has become such a large position, and probably soon will do the same with PM and select others.

    Eventually, I can see kind of a hybrid approach, in which I keep dripping into positions I know I want to grow while accumulating divvies from those that are already overweight and/or overvalued to deploy elsewhere.

    Either way, it's hard to beat compounding. I totally agree with Buffett about sideways markets and DGI has taught me not to sweat -- and even to embrace -- falling markets.

    Mike
    Jan 26, 2015. 02:53 PM | 12 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Win:

    If you didn't already know it, Vanguard also offers the option of a Roth Individual 401k.

    The only downside to Vanguard's I-401ks (both traditional and Roth) is that one cannot use them to invest in stocks. Not even ETFs. Funds only.

    Mike
    Jan 26, 2015. 07:59 AM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    horo:

    Your case clearly is an example of it being best not to convert a traditional IRA to a Roth.

    I do not believe Dave ever claimed Roth conversions to be an "everybody's gotta do it!" proposition.

    Mike
    Jan 26, 2015. 01:51 AM | 2 Likes Like |Link to Comment
  • Update: McDonald's Down, But Certainly Not Out [View article]
    Despite all the doom and gloom, there is this: McDonald's has more sales and brings in more revenue than the next 10 restaurant chains of its kind COMBINED.

    For certain, McDonald's has problems that need to be fixed. One of its problems, however, can't be fixed: It has the unenviable situation of being compared to its former self!

    Mike
    Jan 26, 2015. 12:09 AM | 5 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Dave:

    As one of those who beat the drum loudest for you to do this series, I am thrilled with the information you are providing and with the quality of the comment streams.

    I expect to begin undertaking a similar odyssey in the not-to-distant future and it is comforting to have access to information provided by the most intelligent guinea pig on Seeking Alpha!

    Thanks so much. I look forward to reading Part 3 ... and 4 ... and 5 ... and so on.

    Mike
    Jan 26, 2015. 12:01 AM | 5 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Nathan:

    Your situation sounds fairly similar to mine.

    I am 54 and my wife is 53. Because my head spins thinking about all of the scenarios, and because I am such a big believer in diversification within a portfolio, I choose to diversify the various types of accounts I own (as well as the holdings within them). So my wife and I each has a Roth IRA and a traditional IRA, and we also have a joint taxable account. She currently contributes to a regular 401k but recently the option of going with a Roth 401k has been offered by her company, and I'm still trying to figure out what would be most prudent.

    Between Social Security, pensions and dividends, I'm fairly certain we will have greater income when we are retired than we have now, so it makes for an interesting conundrum. I might have her go about 50/50 between the regular 401k and Roth 401k this year and see how that affects us tax-wise before deciding what to do in 2016.

    Long-term, I like what Dave is doing by converting traditional IRA assets to Roth assets before he is hit with RMDs, and I'm thinking I'd like to do the same.

    Mike
    Jan 25, 2015. 11:57 PM | 3 Likes Like |Link to Comment
  • Johnson & Johnson: 'Slightly Overvalued' Is No Reason To Sell [View article]
    I love that Munger quote so much, I'd marry it if the quote were a woman (and if I didn't already have the best Sugar Mama wife in the world).

    Mike
    Jan 25, 2015. 11:11 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    mary:

    I especially like No. 5.

    Thanks for contributing something very useful to the discussion.

    Mike
    Jan 25, 2015. 09:01 PM | 2 Likes Like |Link to Comment
  • Project $3 Million Dividend Results - Objectives [View article]
    Thanks for the explanation, Paul.

    You are right about your circumstances being different from mine and many others.

    Mike
    Jan 25, 2015. 08:48 PM | Likes Like |Link to Comment
  • Project $3 Million Dividend Results - Objectives [View article]
    UP:

    I'm not gonna tell you whether to DRiP or not, but since about 2011, all brokerage houses, management firms, etc, are required by federal law to detail dividends and capital gains for shareholders.

    I actually started DRiPping PG in 2008 and when I moved it all to Vanguard, they figured out my cost basis and all other relevant data for me. All I had to do was fax them a copy of my purchase history.

    I'm not sure if other brokerages would do that. Nor am I sure if they would only be willing to go back to a certain date. Just letting you (and others) know about my experience.

    Mike
    Jan 25, 2015. 05:38 PM | 1 Like Like |Link to Comment
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