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TGC004

TGC004
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  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    For those who have breached the $1m a while ago and still have a ways to go, what is wrong with setting $15m as a target? When I put my taxable, tax deferred, pension and possible inheritance together, it isn't out of the question to shoot for $15m, will i get there? Most likely not, but seems like a worthy goal in my mind.
    Apr 13 08:24 PM | Likes Like |Link to Comment
  • Magellan Partners shifts focus to crude oil pipelines [View news story]
    The partnership's management team is really top notch
    Apr 10 04:26 PM | Likes Like |Link to Comment
  • A Kinder Morgan Merger Is Not Feasible [View article]
    Just take a look at the baseless allegations published by Barrons on LINE. All completely proven wrong.
    Apr 8 06:57 PM | Likes Like |Link to Comment
  • Jim Cramer Goes Cautious On The Market [View article]
    Though I wonder how sustainable companies like Groupon are?
    Apr 7 10:34 AM | Likes Like |Link to Comment
  • Jim Cramer Goes Cautious On The Market [View article]
    "The IPO market is starting to feel like 2000". If I recall the types of companies doing IPOs in 2000 mostly were DotBombs. This market while has plenty of social media and other "tech" stuff going public, now isn't there a whole load of companies that had been taken private by LBO shops that are now going public again? I don't recall there being so many of those in the 2000 era, though I could be wrong.
    Apr 7 09:59 AM | 1 Like Like |Link to Comment
  • A Kinder Morgan Merger Is Not Feasible [View article]
    The Hedgeye guy does hit pieces to support his short positions, Barrons has done a number of hit pieces recently, all were wrong, they will be wrong on KMP too.
    Apr 7 09:48 AM | 2 Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    Just curious, what do you consider high property taxes? Do you pay just on real estate in Texas or also on personal property like in Connecticut where you pay on the fair value of your vehicles each and every year.
    Apr 6 07:28 PM | Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    I can't wait to get out of NJ, my property taxes are $22,000 a year, and we live in a decent sized house, hardly anything close to a mansion and less than 1 acre. NJ income taxes are sky high too.
    Apr 6 07:25 PM | Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    I really hate annuities, and the sharks that sell them. My mother in law was the type that never wanted anyone's advice, but after her husband died, she was convinced by a shark that worked for a big money center bank whose stock ticker starts with C, to invest IRA money into an annuity, he walked away with his big commissions, she got stuck with the fees and garbage return. She wasn't smart enough to realize she had been fleeced. Really too bad.
    Apr 6 07:21 PM | 2 Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    When my daughter first got her "real" summer job, one with a Form W2, I made her a "deal". Save all of your wages, and I will match them and put the money in a Roth for you. She gets to pick the investments (vetted by me), the first year she made about $3,500 over the summer, I funded her account in the fall. Second summer, about the same. She has 2 summers to go before starting college.

    I learned of this idea from a CPA I know. It gets the kids interested in investing and learning about investing at an early age. Also helps to get them saving at an early age besides in just passbook savings accounts.

    I figure she will thank me (hopefully) when I am long gone, right now as a teenager, Dad doesn't know squat about anything, according to her.
    Apr 6 07:17 PM | 3 Likes Like |Link to Comment
  • How To Get $10,000 Each Year From A $250,000 Nest Egg [View article]
    The after tax return isn't all that great. I hope you can continue to reinvest your dividends / distributions to grow your pile as after tax, your $250k is not going to do much for you. You really need a much larger pile, I hope you are successful in that regard.
    Apr 1 08:56 PM | Likes Like |Link to Comment
  • As An Income-Driven Investor, Here's Why I'm Staying Bullish On Buckeye Partners [View article]
    Buckeye has been adding interesting assets, with Hess terminals, then Perth Amboy before that and before Perth, Borco. Hess's NYC area terminals can all be linked up with Perth Amboy. With crude flowing via barge down the Hudson River BPL's location is perfect.

    Their growth projects seem to be coming on nicely, I have been long this partnership for a number of years and have never been disappointed.
    Apr 1 08:35 PM | 1 Like Like |Link to Comment
  • How To Get $10,000 Each Year From A $250,000 Nest Egg [View article]
    How do you get a 14% return on MLPs? Which ones are you invested in?
    Mar 31 09:15 AM | Likes Like |Link to Comment
  • The Upcoming Pension Crisis [View article]
    I am not near retirement (yet) but have taken a very sharp interest in financial planning for retirement. I am 47 and have been saving since I started work (22) and same with my wife (24) - she is the same age as I am. We have been fortunate to amass a fairly substantial pile of retirement assets in tax deferred plans.

    The firm I work for offers me a defined benefit pension plan with a joint and survivor annuity option at 30%, 50% and 70%. The difference between the 30% and 70% option to us is about $15,000 a year. But more importantly, to my wife who most likely will out live me.

    Is there a way to evaluate this in a way that makes sense. My knee jerk reaction is that I should plan on the 70% option vs 50% as the difference is only $7k a year (while I am alive).

    We have fairly substantial after tax investments, that are growing hopefully every day.
    Mar 30 07:21 PM | Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    I used to feel the same way as you did, but came into a rather large bonus one year and uped my ride to a 2008 BMW 528xi - a most awesome car in every regard. It was even better when I was rear ended by a volvo doing about 50mph, the whip lash protection, and other safety features of the higher priced car allowed me to walk away, just a little bit sore. The guys in the Volvo S60 didn't fare so well (not to mention that car was totaled).

    I now drive a 535xi, it is even better than the 528xi, despite not having a manual transmission, the 535 with its 8 speed tranny runs like a pony and gets 30mgp on the highway. Plenty of room for my family and lots of great features.

    I would never drive a Honda again, and both my wife and I both owned Hondas earlier in our lives.
    Mar 30 07:04 PM | Likes Like |Link to Comment
COMMENTS STATS
382 Comments
500 Likes