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curreyr

curreyr
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  • My Transition To Required Minimum Distributions (RMDs) [View article]
    misscbd,
    I'm not sure what you mean by "semi-retired", but if you have any earned income, that can be conributed. Furthermore, you can convert any amount you like, but it will be taxed.

    I consider myself "temporarily-retired" (short for laid-off). I have planned for it and for the next 2-3 years have a very low taxable income (but a sufficient gross). I will use the low tax years to convert.
    Mar 12 04:41 PM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    misscbd,

    The info you have is accurate.

    There are two ways of putting money into a Roth.
    1) contribution. This requires earned income, and subject to earned income limits.
    2) conversion. No earned income requirement, and taxed as ordinary income.

    The RMD has to happen (and it isn't earned income), and then you can utilize the 2 methods above, as applicable.

    The "window" your referring to I think is that in '10-'11 (or so), one could do a conversion and have the tax implication split over 2 years. A conversion is still possible, but the entire amount of the conversion will be applicable to the tax year done, versus the short lived rule that allowed it split over 2 years.
    Mar 12 04:24 PM | 1 Like Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    I'll echo what some others have said ... This individual needs estate planning advise NOW. Investment planning for him is secondary since the wealth available can provide more than adequate income needs.

    A few options to consider:
    One-time gift(s) to heirs. They may have much lower tax implications and longer timeframes.
    Assume family debt (preferably in a trust). For example, buy a childs mortgage, in which they pay interest to a trust they are a beneficiary of instead of to a bank.
    Mar 12 04:09 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Norman,
    In addition to the "major" expenses you mention another to consider might be home improvements that qualify for a tax credit or deduction. Some of the energy related ones can be seen here: http://1.usa.gov/1iBi53z
    Mar 12 02:01 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Growing up, our boat was named the "Yes Dear" ... Best name ever for a boat.
    Mar 11 06:27 PM | 4 Likes Like |Link to Comment
  • Stocks Are Two-Faced, And One Is A Pathological Liar [View article]
    Go Lakers,
    "But given price appreciation exists, why ignore it? That's the TRI view."
    It's not ignored, and exists for DG stocks too. It simply isn't the focus for many.

    The thing "ignored" is price depreciation. It also exists and happens.
    Mar 11 06:25 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    djean, thanks for the link, but ...
    "If you (or your spouse) earn taxable income and are under age 70 ½, you can contribute. It's as easy as that."
    When retired, you probably don't have earned income.
    You may have $200k of unearned income (or should hope to), but ...
    Mar 11 05:24 PM | 1 Like Like |Link to Comment
  • Why Solazyme Believes Algae Milk Is The Next Big Thing [View article]
    "Try eating oil? "
    You want fries with that?
    Mar 11 05:19 PM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    djean, you still need to have earned income to do such a contrib./convert.
    Mar 11 11:33 AM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Norman,
    One question about the RMD issue your facing. I assume you are now paying the taxes you deferred when contributed. Is this now more or less or the same as when the contributions were made.
    Mar 10 08:31 PM | Likes Like |Link to Comment
  • How You Can Invest Like Warren Buffett [View article]
    "Why not just 'buy the SPY' and forget about it? "
    The simple answer is, it might not fit your needs/goals.
    I could counter with why not just buy 'bonds' and forget about it.
    Mar 10 07:30 PM | 6 Likes Like |Link to Comment
  • Why Dividends Matter: A Review Of Recent Research [View article]
    I invest for total return, I simply have a different means of determining "value", and it isn't "price" or "book".
    Mar 10 07:04 PM | 2 Likes Like |Link to Comment
  • Why Dividends Matter: A Review Of Recent Research [View article]
    "They will tell you that 2-1=2 not one and be 100% sure they are right"
    Is that -1 your fee?
    Mar 10 06:34 PM | 2 Likes Like |Link to Comment
  • IDC cuts 2014 tablet forecast; ASP decline expected to narrow [View news story]
    Ruffdog,
    Take a look at HopTo ...
    Mar 8 03:48 PM | Likes Like |Link to Comment
  • Stocks Are Two-Faced, And One Is A Pathological Liar [View article]
    advisor4, How do you pick your ETF's?
    Mar 8 03:46 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
689 Comments
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