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curreyr

curreyr
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  • How You Can Invest Like Warren Buffett [View article]
    I wonder if I'm considered invested in powershares by holding IVZ? I've been profited from them for sure ;)
    Mar 13 12:50 PM | Likes Like |Link to Comment
  • The Telltale Chart: Fact Or Fantasy [View article]
    Larry,
    I think the point a few commenter are making is that TA can be partially self-fulfilling since it can spark the momentum. I suppose it's also just as likely some idiot banging a gong and screaming could spark momentum too.
    Mar 13 12:31 PM | Likes Like |Link to Comment
  • What's Your (Dividend Growth) Number?: Part 3 [View article]
    I think it's trading at NAV right now ...
    Mar 13 11:11 AM | Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    bionic,
    All IRA's are considered in total when determining the percentage of pre-tax and after-tax contributions prior to conversion (1,2, or 13 doesn't matter). When the conversion is done, the percentage determines the taxable status of the converted $.
    Form 8606 is the worksheet.

    (I was originally going to use numbers for an example, and forgot to edit out the 100k reference)
    Mar 13 10:52 AM | Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Mike,
    It sounds that easy, but not so much.
    Say you have 100k trad ira all tax deferred, you no longer qualify for tax deferred contributions, so you back-door. So, you do an after tax contribution to the trad. Ira you then convert to a Roth. Guess what, you have a tax bill that includes a percentage of the previously deferred trad ira contributions.
    Mar 12 10:42 PM | 1 Like Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    User,
    The 15.3 reference was my mistake, I meant to to refer to the 1.4m you provided, the tax bite on that is likely to be significant before the excess can then be put to further work.

    For a portfolio of this size, it is likely to be structured into trust(s). It's a low threshold for a trust to have top level taxation.

    As to taxation at death, my uncle left his fortune to his brother at death (via will), it was substantial, and was literally nearly halved after all was done.

    As I mentioned earlier, this individual needs estate planning FIRST, investment planning is the easy part.
    Mar 12 10:30 PM | Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    David,
    It's actually kinda sad ... make TOO much and you can't contribute a dime.
    Mar 12 07:50 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Mr. Fish is correct, if you don't have the brokerage do the withholding, you are responsible for paying the estimated tax. If you fail to have a "timely" withholding (IRS considers this quarterly), then you are subject to a penalty.
    Mar 12 07:26 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    bionic,
    Easiest way to think is that IRA holdings (traditional or roth) have NO cost basis. Buy/sell at will (and avoid churn fees).
    The "basis" is $0 when you take a distribution.
    From a Traditional that gain is ordinary income, not long term cap. gain. From a Roth, it's untaxed after 59.5 (prior to that contributions, conversions, and earnings have some governance).

    One note, you can't apply capital losses in the IRA to gains in taxable accounts!
    Mar 12 07:23 PM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    bionic, yes, that is true.
    There is an IRS pub that details the Roth distribution treatment prior to 59.5 (sorry don't have the link at the moment). After that it's all no-tax, no-penalty.

    In general it is in order:
    1) contributions come out, no penalty.
    2) conversions past 5yrs come out, no penalty.
    3) conversions under 5yrs come out, with penalty.
    4) earnings come out, with penalty and tax on the earnings.

    Plan well, and you can fit category 1 or 2 prior to 59.5. At that point enjoy.
    Mar 12 07:12 PM | Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    As Mr. Fish says, it's a personal decision ...
    My addition would add, what do you expect to pay during retirement? If you expect to be taxed at a 25% marginal, max to that limit too. Some may expect a 15% marginal in retirement, so make that the number.

    As I mentioned further up, make your guess/expectation of your tax rate during retirement. I would like to think that many/most will be successful during accumulation years to have a VERY well funded retirement, and today that's roughly a 25% marginal.
    Mar 12 06:16 PM | 1 Like Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    Mike,
    Sorry, but you fail to account for the taxation.
    That 15.3 is likely to be 9ish after tax.

    And gawd forbid he dies next week ... cut that 15m in half for heirs.
    Mar 12 06:08 PM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Marty,
    "When in such an account, the compounding is done without taxation until retirement, when the tax rate will likely be lower."
    You have an assumption baked in. Not saying it's wrong, but it is an assumption.

    From your bio, you now have 150% of your previous salary. Conrats, but is your tax rate lower now than when you deferred? If it's lower then the deferrence was worthy, if same it's a wash, if higher then it wasn't as worthy.
    Mar 12 05:33 PM | 2 Likes Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    "I'll just let that image burn itself into everyone's brain... "
    Which aspect, "spandex" or "nude" ...
    Mar 12 04:50 PM | 1 Like Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    TMI ....
    Mar 12 04:42 PM | 3 Likes Like |Link to Comment
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