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meditative

meditative
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  • Why I Sold Exxon Mobil And Invested In BP [View article]
    a wide moat, like Exxon has
    Mar 25, 2015. 09:54 AM | 3 Likes Like |Link to Comment
  • Why I Sold Exxon Mobil And Invested In BP [View article]
    I agree with you Rose!

    According to morningstar (which I read online through my library) BP also has NO moat, a big red flag for me.

    Med
    Mar 25, 2015. 09:36 AM | 1 Like Like |Link to Comment
  • A Time Saving Shortcut For Stock Prices [View instapost]
    thank you, Eddie. I had been using a version in which MSNBC provided the quotes, and that has gone away, at least for me.

    No more laborious typing in of stock quotes!

    Med
    Feb 10, 2015. 12:56 AM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    I downloaded it and have started playing with it. Thanks!

    Med
    Jan 27, 2015. 09:53 PM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    when you do a conversion, you owe taxes to both the federal and state government, because they were both deferred when you originally made your contribution to your traditional IRA.
    Jan 26, 2015. 05:05 PM | 3 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Good point.
    When my father in law died, I was impressed that my mother in law's taxes increased a lot. (I did her taxes and managed her accounts).
    However, her lifestyle did not suffer and she still left a much appreciated inheritance for her children.
    Jan 26, 2015. 04:28 PM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    David and all,

    When you make a tranfer "in kind" from your Rollover ira to a ROTH ira, you are in effect increasing the amount of money you have invested in the stock you transferred "in kind". (In your Rollover ira you only "own" the after tax value of the money invested).

    When you transfer stock "in kind" your effective ownership of that stock is increased by the amount of taxes you pay to transfer it (assuming you use after tax money to pay the taxes). The overall weighting of that stock will be increased in your portfolio.

    If that is what you want to do, great.

    Med
    Jan 25, 2015. 07:04 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Indeed. Fidelity has let us mix funds and stocks all along, Vanguard had two separate ROTH accounts, one for funds and one for stocks. Vanguard has spent a lot of energy working on us to consolidate our two Vanguard ROTHs into one, to simplify their bookkeeping.
    Jan 25, 2015. 06:57 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    we opened a ROTH with a conversion, no problem
    Jan 25, 2015. 04:44 PM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    you have to earn money to contribute to a Roth, but not to convert to a Roth.
    Jan 25, 2015. 01:19 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    bionic1 is correct. You only need earned income for contributions.
    Jan 25, 2015. 11:45 AM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    I have been thinking the best stock to convert is the stock for which I have the highest capital gains expectations. (which may well be a beaten down stock or possibly a high growth stock)
    Jan 25, 2015. 10:00 AM | 2 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    "Has anybody determined if in fact each Roth conversion has it's own 5 year wait to withdraw? It looks like that's the IRS position."

    that's my understanding
    Jan 25, 2015. 09:39 AM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Thank you, David, for this article that speaks directly to our situation.

    We converted my husband's retirement 403b(7) to a Fidelity brokerage Rollover IRA after he retired. Far too late in my investing research did I understand the benefits of a Roth account. I started us investing in Vanguard Roths to the limit allowed for several years before he retired, and over the last several years I have been converting from the Rollover IRA to a new Fidelity Roth, much as you. At this point the Rollover represents about 60% of our retirement funds.

    The difference is that I will not convert the whole amount by age 70 1/2. Most likely we will have converted enough that approximately 2/3 will be in the Roths and 1/3 left in the Rollover. We do have a generous pension and also expect to take social security like you at age 66.

    I am keeping our conversions within the 15% tax bracket, planning that the RMD's will not push us up much over the 15% tax bracket later (we have very large itemized deductions that help lower our taxable income).

    I have analyzed bringing income from our retirement funds into the present (we are 61 and 62), to smooth out our consumption over retirement (rather than have a large income bumpup at Soc. Sec. age, and then another large income bumpup at RMD age). I expect to cover expenses beyond our pension and soc. sec. by taking dividends from both the Rollover (started taking them this year) and the ROTH (starting in two years) IRAs.

    It is really a new idea for me to consider your "in-kind" conversion, I have been struggling with what stocks might be the best to convert over to the Roth.

    Thank you so much for this article, will enjoy reading the rest of the comments.

    Med
    Jan 25, 2015. 09:32 AM | 4 Likes Like |Link to Comment
  • There's A Lot Of Value In The Information Technology Sector: The S&P 500 2015: Part 3 [View article]
    interesting that Morningstar classifies Western Union as a financial while here the identification is data processing etc! must be some others with crossover listings as well.
    thanks for another meaty article to ponder over, Chuck, we own lots of these...
    Med
    Jan 22, 2015. 03:31 PM | 2 Likes Like |Link to Comment
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