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curreyr

curreyr
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  • Ditching The 401(k) [View article]
    I concur with what Mike has outlined for most folks.

    One other aspect to consider is that the Roth contributions can be useful for maintaining and emergency fund. The contributions (but not earnings on them) can be withdrawn without penalty at any time. This feature provides a nice cushion for a true emergency need.
    Dec 29, 2014. 12:43 PM | 3 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    So, has anyone, with no earned income opened a new Roth (and never had one ever), have a custodian that allows this?
    I'm asking because it could be useful ...
    Oct 21, 2014. 06:14 PM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    I believe adaireag is correct, but I can understand custodians that wouldn't allow it..
    I also believe that without earned income one can't even open a Roth.
    Oct 21, 2014. 01:46 PM | 2 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    Yea, I missed the aspect of the conversion being the daughter and not the parent.

    Upon a death, there are typically three distinct tax "persons" that become subject to taxation regarding the death.
    1) the person who died. (e.g. their income prior to death, aka. their final 1040)
    2) the estate of the person that died. (e.g. the estate 'death tax')
    3) the heirs of the person that died. (e.g. 'inheritance tax' in certain states)

    The case of #3 can be an issue, but depends on the state and relationship of the heir.
    Oct 21, 2014. 01:42 PM | 1 Like Like |Link to Comment
  • Strategy-Check: Dividend-Based Investing [View article]
    One issue I have is that the 'funds' examined just happen to have the word dividend in their name.
    How are the holdings managed?
    What is the criteria for their holdings?
    How are the dividends managed? (i.e. re-invested, distributed, ???)
    What is the effect of fund inflow/outflow? (e.g. do they suffer from sell-low, buy-high)

    I would have the same issue with a 'strategy-check" for funds that happen to have small or emerging or international or ... in their name.
    Oct 21, 2014. 12:55 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    cfboller,
    If you're asking about a case where a person does a conversion in 2014 and also dies in 2014, then the deceased’s 2014 tax filing would reflect the tax due (yes, the dead file taxes one last time). If this exceeds withholding, then the estate is due the tax bill. The Roth is part of the estate.
    Oct 21, 2014. 12:19 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    Miz, sure you don't live at my place?
    Yup on an installed pool that needs a re-plaster (I've already added new equip).
    Yup on replacing LOTS of single pane windows (included a siding job as well).
    Yup on new fencing this winter.
    Yup on a kitchen and bath remodel all done, working on an upstairs master bed/bath.
    Yup on all work being done without any added debt.
    Mine is a 1960's with 1979 addition.
    Oct 16, 2014. 07:01 PM | 2 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    retailinvestor,
    Those videos regard details of the Canadian plans, and while similar, differ from the US counterparts. Since the article is in regards to the US plans, I fail to see how the videos are relevant.

    A Traditional IRA *will* have pre-tax contributions as well as the gains/interest/dividends taxed at ordinary income rates at the *required* distribution schedule.

    P.S. I have no desire to "allow the information 'in'" regarding retirement plans of another country that don't apply to myself or the topic of the article (the US tax code is plenty to parse). Canadian readers on the other hand may find it useful.
    Oct 16, 2014. 01:38 PM | 5 Likes Like |Link to Comment
  • Opportunistic Trading Pushes Solazyme To New Lows [View article]
    aedius,
    Take a look at the 1/15/16 option chain today.
    It's some short covering, aided by a bit of small cap rotation.
    Steve Rasher is saying the same as my succinct comments ...
    Is it going to be sustained? The 'magic eight ball' says 'uncertain'.
    Oct 15, 2014. 06:32 PM | Likes Like |Link to Comment
  • Dividend Growth Portfolio Fall Checkup And Semi-Annual Review [View article]
    I talked to a broker today ... his comment was 'if this ebola insanity continues, buy CLX' ... ummm not in my valuation wheelhouse.

    I did get some JNJ this week @99, I doubt this will make me unhappy 2-3 years from now.
    Oct 15, 2014. 04:30 PM | 1 Like Like |Link to Comment
  • Opportunistic Trading Pushes Solazyme To New Lows [View article]
    A rotation to small caps, and possibly some short covering.
    Oct 15, 2014. 04:14 PM | Likes Like |Link to Comment
  • Opportunistic Trading Pushes Solazyme To New Lows [View article]
    I'm happy with my 500 share pickup at $5.67 earlier this week.
    My cost basis is now $8.21, so underwater, but it's also a minor player in the total portfolio.
    Oct 15, 2014. 03:06 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    The rules also apply to opening a Roth. You must have earned income, but not too much.
    Oct 15, 2014. 03:03 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 1) [View article]
    "Both account types shelter profits from tax permanently."

    No, they don't. In fact, neither is 'permanent', it does get paid.
    A 'tax-deferred' will have the taxation forced at a schedule (either to the individual or their heirs).
    A 'tax-free' has the taxation at contribution/conversion as the individual chooses.

    It is correct that, if the tax rate is equal, then the 'tax-tail' is equal. What isn't equal is when it is to be paid and that can result in 'unintended consequences' where the tax rate being paid is not equal (as well as other consequences).
    Oct 15, 2014. 01:47 PM | 4 Likes Like |Link to Comment
  • Dividend Growth Portfolio Fall Checkup And Semi-Annual Review [View article]
    The biggest impact of the 'tax hit' will be to holders of retirement accounts where the account itself has to pay the tax bill (IIRC at corporate tax schedules).
    Oct 15, 2014. 08:30 AM | Likes Like |Link to Comment
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