Search found 1407 matches

by marcopolo
Fri Jan 18, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 103
Views: 10172

Re: Have I Now Become Out of Touch Financially? Aging question...

My neighborhood has a lot of flashy cars, mostly rich Chinese kids who parents stole money from somebody in China. Opentop Rolls Royce, Ferrari, and Lamborghini are very common sighting. I’m never impressed with them, you can tell they don’t know how to drive those cars. Do you have any proof that ...
by marcopolo
Fri Jan 18, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 103
Views: 10172

Re: Have I Now Become Out of Touch Financially? Aging question...

My neighborhood has a lot of flashy cars, mostly rich Chinese kids who parents stole money from somebody in China. Opentop Rolls Royce, Ferrari, and Lamborghini are very common sighting. I’m never impressed with them, you can tell they don’t know how to drive those cars. Do you have any proof that ...
by marcopolo
Fri Jan 18, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 6865

Re: How much house can I afford (really)?

I understand bro, you think you are a big shot since you have a high income and want to live like a big shot, and you want advice, but only if it confirms what you want to hear, so you are hiding the things you don't want to hear like there is no need for private school, expensive vacations and a p...
by marcopolo
Fri Jan 18, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 6865

Re: How much house can I afford (really)?

Anyway expenses include: PITI, HOA, cell phone, internet, TV, Utility, Grass service, school tuition, Country Club dues, auto insurance, gym membership. This is NOT itemizing each expense. I want to see each item how much it is with a total that adds up to the $87K. I am assuming the two biggest wi...
by marcopolo
Thu Jan 17, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed, ACA cliff questions
Replies: 4
Views: 310

Re: Self employed, ACA cliff questions

Unfortunately, it is quite complicated, and there is no way to avoid the circular computation.

I found the following slightly more helpful than 2014-41:

https://taxmap.irs.gov/taxmap/pubs/p974-010.htm

good luck
by marcopolo
Thu Jan 17, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 121
Views: 3878

Re: My trend following strategy and experience

Not really. I favor a hands-on approach, and I've not found a fund that does what I want. Further, even if such a fund existed, I wouldn't be able to use it in my 401k, 457, or HSA. willthrill81, Really appreciate your willingness to share your detailed thought process and presenting a transparent ...
by marcopolo
Thu Jan 17, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 6865

Re: How much house can I afford (really)?

CPA_RIA wrote:
Wed Jan 16, 2019 4:32 pm

It's just one 401k - we're phased out of IRA's. Still a good question...but not as dire as you make it. Again, the future value of a $50k annuity invested at a 4-5% modest return for 27 years, assuming retirement at 67, will meet our Retirement goal.
Search for the term "backdoor Roth"
by marcopolo
Thu Jan 17, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 6865

Re: How much house can I afford (really)?

CPA_RIA Don't take the comments as an attack on you, remember they are only trying to help. People on here are older and have seen or lived thru things that you have not. Some would call it a black swan event I call it life. My apologies if I came across as defensive! Trust that I don't feel this w...
by marcopolo
Wed Jan 16, 2019 10:35 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 827
Views: 40739

Re: John Bogle has died at age 89

Thanks for all you have done.
RIP
by marcopolo
Wed Jan 16, 2019 10:25 pm
Forum: Investing - Theory, News & General
Topic: Single Income Family Max All Tax-Advantaged Space
Replies: 13
Views: 982

Re: Single Income Family Max All Tax-Advantaged Space

401k limit is 56k.

I suspect many on this forum do max all of that.
by marcopolo
Wed Jan 16, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 905

Re: 401k After Tax contributions to Roth-IRA Tax questions.

If you haven't done the rollover yet, then definitely get two checks. 15k is a lot. Send one check to the Roth IRA and the other to a Rollover IRA. Then get the latter rolled back into the plan. You don't need to wait for anything, but you should try to get the rollover back into the 401(k) before ...
by marcopolo
Wed Jan 16, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 558
Views: 58803

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Since my wife and I only have the no-penalty CD's and no other accounts, does that mean we have to keep the CD's open another month to receive the bonus dollars? If I withdraw the money tomorrow, where would they send the bonus? You must have an open account to receive the bonus. You could open a o...
by marcopolo
Wed Jan 16, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1454
Views: 237828

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Yeah. My 401k is administered by Fidelity. I would have preferred to roll over into fidelity IRA, but they will not give bonus for their own administered 401k rollovers. I guess i will just send to Etrade, then back to fidelity (maybe with a visit through TDA as well). Marcopolo, I did precisely th...
by marcopolo
Wed Jan 16, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide how to be paid (bonus structure)
Replies: 9
Views: 866

Re: Help me decide how to be paid (bonus structure)

Maybe I am missing something. If the total comp would be the same in both cases, why would anyone ever choose less base pay? At best, you are giving the employer an interest free loan until the "bonus" is paid. In situations i have been familiar with (not medicine), bonuses were variable, and tied t...
by marcopolo
Wed Jan 16, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Brother in law had a stroke (health ins options?)
Replies: 10
Views: 1125

Re: Brother in law had a stroke (health ins options?)

Sorry to hear about your BIL. If his COBRA is reasonably priced, the COBRA regulations allow an extension of an additional 11 months based on disability. So, that would be a total of 29 months to bridge to early Medicare eligibility. So, if he gets his SSA disability approved within 5 months of star...
by marcopolo
Wed Jan 16, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 905

Re: 401k After Tax contributions to Roth-IRA Tax questions.

Regarding the $85,000 after-tax, and $15,000 earnings: IF it is possible, you could rollover the $85k after-tax into a Roth IRA, and the $15k earnings into a tIRA. Bear in mind the potential downside of the pro-rata rule once you have a tIRA. As mentioned above, if the plan allows, the tIRA can the...
by marcopolo
Mon Jan 14, 2019 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 905

Re: 401k After Tax contributions to Roth-IRA Tax questions.

You may have done it by accident, but it is actually a very beneficial strategy. A lot of people do it intentionally. The best tax advantage is to transfer the after-tax contributions to a Roth as soon as possible ( some do it with every bi-weekly contribution). This allows any future growth to be t...
by marcopolo
Mon Jan 14, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4030

Re: Help me pick a retirement date. Or enough is enough?

sambb wrote:
Mon Jan 14, 2019 8:33 pm
You seem happy working. Keep at it
Curious as to what led you to believe that?

OP said he wanted to escape from megacorp (Emphasis mine). OP might be ok with having to work longer, I did not get the sense he would be happy about it.
by marcopolo
Mon Jan 14, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4030

Re: Help me pick a retirement date. Or enough is enough?

OP here PugetSoundGuy- thanks for the kind words and encouragement. marcopolo- If I were to retire now, my pension would be significantly smaller- maybe covering 30% of expenses- and that stretches me further than I want right now. If I had to retire now, we likely we be ok financially but I don't ...
by marcopolo
Mon Jan 14, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4030

Re: Help me pick a retirement date. Or enough is enough?

I'm starting to think seriously about setting a retirement date. I'm 60 and my general plan is to retire in 2-5 years. Delaying would increase my pension and social security by about $2200/yr of delay and would require less withdrawals early on but it seems like I have "enough" regardless of date. ...
by marcopolo
Mon Jan 14, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Nontaxable retirement savings: is there an ideal ratio?
Replies: 10
Views: 1508

Re: Taxable vs Nontaxable retirement savings: is there an ideal ratio?

1) Tax-Free: Roth IRA, Roth401k, HSA, 529 plans 2) Tax-deferred: Trad IRA, Trad 401k, 403B. 3) Taxable: Brokerage, Saving. I re-order by potential tax liability and delineate a little further: Potentially Tax-Free Tax-Free (Roth IRA and Roth 401k) Tax-deferred/likely Tax-Free (HSA and 529) Potentia...
by marcopolo
Mon Jan 14, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: Taxable vs Nontaxable retirement savings: is there an ideal ratio?
Replies: 10
Views: 1508

Re: Taxable vs Nontaxable retirement savings: is there an ideal ratio?

This might be a dumb question, but is there an ideal ratio of taxable to nontaxable retirement savings to shoot for or is it not something to worry about? For example, in my case (spouse and I are both 51 and working - I plan on retiring before 55, spouse not until 65+). Our savings is 38% taxable ...
by marcopolo
Sat Jan 12, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: 529s, tax breaks, and plan options
Replies: 2
Views: 187

Re: 529s, tax breaks, and plan options

Wife/I have a 1 year old at home. We moved to Philly (Pennsylvania) a few months ago. Her parents (living in Massachusetts) would like to make a sizable seed donation (~$10k) to a 529 for my son, but I've been dragging my feet on opening this (we haven't been able to max out our retirement savings ...
by marcopolo
Sat Jan 12, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2887

Re: Roth conversion

An increase in income could cause disqualification for a ACA health insurance premium tax credit or trigger medicare IRMAA (Income related monthly adjustment amount). The ACA premium tax credit could be substantial (>10-20K depending on age). When I ran numbers on the KFF calculator, a couple age 6...
by marcopolo
Fri Jan 11, 2019 2:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Historical Data Can Comfort
Replies: 6
Views: 776

Re: Larry Swedroe: Historical Data Can Comfort

As always, I appreciate you posting these! From what I know of history, if truly catastrophic losses (worse than the Great Depression) are about to occur, the cause will be obvious . The US will be about to lose a world war (like Germany or Japan in World War II). The Federal Reserve will be in the...
by marcopolo
Fri Jan 11, 2019 12:28 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

BH: I would really like to hear some real-life examples of anyone who retired or semi-retired PRE MEDICARE and how they funded healthcare. This assumes you do not have a healthcare agreement with a prior employer. The most obvious solution is one of two spouses taking a job FT or PT primarily for t...
by marcopolo
Thu Jan 10, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1568

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

If I were you, I would empty the TIRA by doing Roth conversion. You have about 8 years to empty that $1 Million, if you don’t count on any increase, which is unlikely. So about $125K per year approximately. You may pay about $150k of taxes on that $1 million, which is very good deal. Edit to add, I...
by marcopolo
Thu Jan 10, 2019 8:48 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1568

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

If I were you, I would empty the TIRA by doing Roth conversion. You have about 8 years to empty that $1 Million, if you don’t count on any increase, which is unlikely. So about $125K per year approximately. You may pay about $150k of taxes on that $1 million, which is very good deal. Edit to add, I...
by marcopolo
Thu Jan 10, 2019 7:00 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1568

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

If I were you, I would empty the TIRA by doing Roth conversion. You have about 8 years to empty that $1 Million, if you don’t count on any increase, which is unlikely. So about $125K per year approximately. You may pay about $150k of taxes on that $1 million, which is very good deal. Edit to add, I...
by marcopolo
Thu Jan 10, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

Your general idea is right. But, you can't subtract the $24k standard deduction when figuring amount for ACA cliff. Well you just ruined my day. :-). Seriously, I was not aware of this. Bummer. This significantly reduces the amount of Roth conversions I was thinking I'd be able to do when the time ...
by marcopolo
Thu Jan 10, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

Is there a description somewhere of these income management techniques that people keep talking about? Roughly speaking, if you're single and have $1M+ in taxable, or married with $1.3M+ in taxable, you already exceed the max income just with dividends/interest. Are we talking about people who are ...
by marcopolo
Thu Jan 10, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

Is there a description somewhere of these income management techniques that people keep talking about? Roughly speaking, if you're single and have $1M+ in taxable, or married with $1.3M+ in taxable, you already exceed the max income just with dividends/interest. Are we talking about people who are ...
by marcopolo
Thu Jan 10, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

Is there a description somewhere of these income management techniques that people keep talking about? Roughly speaking, if you're single and have $1M+ in taxable, or married with $1.3M+ in taxable, you already exceed the max income just with dividends/interest. Are we talking about people who are ...
by marcopolo
Thu Jan 10, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5606

Re: How did you solve the pre-medicare healthcare riddle?

Retired early last year at age 51. On company paid COBRA through the end of 2018. Now on ACA plan. Living off taxable accounts. With normal spending, income will be well below ACA cliff. Still evaluating trade-off between doing Roth Conversions (which generates taxable income that is not needed for ...
by marcopolo
Thu Jan 10, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1568

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

It's unclear how much you spend, but it sounds like you don't need any IRA distributions to live off. If you leave the IRA alone and it grows at 5% a year for 9 years, you'll have around $1.55MM when you are 70.5 and have to start taking RMDs. Based on today's calculators, that means your RMD will ...
by marcopolo
Thu Jan 10, 2019 10:00 am
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2619

Re: AQR Cuts Staff After a Bad Year

AQR’s U.S. mutual funds had outflows of $5 billion in the first 11 months of 2018, according to data from Morningstar Inc. Must be people who missed the part about sticking with a factor or alternative strategy through 10 or 20 years of under-performance. Probably thought they could make a quick bu...
by marcopolo
Thu Jan 10, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Unlimited 2% Cash back
Replies: 38
Views: 2374

Re: Fidelity Unlimited 2% Cash back

getting repaid is how i put food on the table. not refinancing company debt only hoping to have it refinanced again. banks make no money on lending. :oops: :annoyed :confused commercial banks. obviously a retail bank can make good money charging you 18-22% interest on your credit card once your pro...
by marcopolo
Tue Jan 08, 2019 5:45 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1568

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

It's unclear how much you spend, but it sounds like you don't need any IRA distributions to live off. If you leave the IRA alone and it grows at 5% a year for 9 years, you'll have around $1.55MM when you are 70.5 and have to start taking RMDs. Based on today's calculators, that means your RMD will ...
by marcopolo
Tue Jan 08, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 101
Views: 11494

Re: Ray Dalio’s latest fearmongering round

Another alpha-less, fear-mongering, snake oil salesperson trying to remain relevant. Bridgewater’s Pure Alpha fund posts nearly 15 percent gain in 2018 https://www.cnbc.com/2019/01/07/bridgewaters-pure-alpha-fund-posts-nearly-15-percent-gain-in-2018.html Bridgewater, founded by Ray Dalio, has about...
by marcopolo
Mon Jan 07, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5956

Re: How do you view a savings surplus in retirement?

The S&P just went down 20% in three months. 25% is definitely just a cushion. When you get over 40-50% you start gaining the ability to meaningfully increase your lifestyle. I sense someone is about to say that since bonds went up in the recession, I shouldn't just use the S&P, but remember that th...
by marcopolo
Mon Jan 07, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5956

Re: How do you view a savings surplus in retirement?

It would have never dawned on me to consider 25% a relatively small cushion, maybe 5%-10%, but I would view 25% as substantial so can you help me to understand your perspective. It's small because it could disappear quickly or returns could be less than expected. If stocks, the market could decline...
by marcopolo
Sun Jan 06, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6246

Re: What do you think are (some of) the best states to live in?

Much of the above might change at various stages of career and life. So true. I never minded the cold until recently. Now I'm ready to live in Phoenix in the winter. Agree. Although, I always disliked the cold. Of the 5 criteria listed by OP, the first two (good job market and good schools) were th...
by marcopolo
Sun Jan 06, 2019 11:26 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5956

Re: How do you view a savings surplus in retirement?

So nobody would view it as a lump sum spendable pool of money to be dipped into at will? No, not all. It’s a cushion against recession, depression, and regression. Shouldn't one's plan already address the possibilities of those? One of the ways a plan addresses those things is by not spending all t...
by marcopolo
Sun Jan 06, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6246

Re: What do you think are (some of) the best states to live in?

visualguy wrote:
Sun Jan 06, 2019 8:24 pm
Your "favorable climate" requirement pretty much limits you to California.
Hawaii
by marcopolo
Sun Jan 06, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5956

Re: How do you view a savings surplus in retirement?

Earl Lemongrab wrote:
Sun Jan 06, 2019 3:37 pm

I would not be surprised if the vast majority of my money went to my heirs. That's okay. They're family. I like them.
+1 :beer
by marcopolo
Sun Jan 06, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5956

Re: How do you view a savings surplus in retirement?

I am not really sure how to think about the "surplus". I guess that has to assume some baseline that is the "right" amount? While I worked, we never really thought too much about a budget. We tracked spending and looked at it at the end of the year as a retrospective, but never really worried about ...
by marcopolo
Sun Jan 06, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4761

Re: For those retired a few years

Retired about a year ago. Our expenses went up quite a bit in retirement. I don't consider it going wild, as it was planned. We have lots more free time. The main reason we retired early was to be able to take advantage of that free time and do more of the things we love to do. Some of which does co...
by marcopolo
Sat Jan 05, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Roth Conversions, Tax Gain Harvest, or Other?
Replies: 11
Views: 554

Re: Early Retirement - Roth Conversions, Tax Gain Harvest, or Other?

Good advice above. I just retired last year at age 51. There are way too many moving pieces to create anything resembling a definitive plan 8 years out. I think the best you can do is identify the various strategies and think through which ones makes sense in which scenarios. Then keep track of chan...
by marcopolo
Sat Jan 05, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: [Tax Help] Post-employment payment: W2 or 1099?
Replies: 14
Views: 538

Re: [Tax Help] Post-employment payment: W2 or 1099?

I would add that Non-Qualified Deferred Compensation plans are some of the most complex parts of the employee benefits rules, regulations and tax code. So anything is possible, but for the dollars involved it is certainly worth proactively finding out. Sorry, I had another thought. If it turns out ...
by marcopolo
Sat Jan 05, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92110

Re: How much money do you want to retire?

I don't see how it's possible that anyone middle aged or older is going to face a Social Security cut. Those people vote and 80% of them will have Social Security as their dominant income source the minute they can't work. Nobody in Congress would risk the recall election. A couple of thoughts on h...