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gassert

Since the 401k limits went up $1000 and the catchup went up $500 I would find it shocking if the IRA limits didn't increase. It just didn't make it into the bill. I am certian an increase will eventually be announced since it's inflation adjusted - and heck, the CPI increase in SS was 5+% - what, is...

gassert

When a lifelong bear talks you probably should take note. Though we have probably finally run out the excesses of the last 20 years, I don't know that anything but "normal" long term growth should be expected.

gassert

[rude remarks deleted by admin alex]

gassert

New flash: The OP made the assumption that falling home prices is tha cause to this "problem" Unless anyone on this well informed website has been living under a rock falling home prices are not the "cause" to any of our "problems." So whatever you want to do to firm up...

gassert

Youre young, you dont have anything to lose, you dont "need" the house and yes, this is a great market to buy - even if youre wrong by 10 or 20%. Considering you have realized your risk tolerance is high (why wouldnt it be for a young person during this crash) I see no reason why plowing i...

gassert

Thanks - I'm pretty clear on the issue. It sounds like I could use the fixed period annuity, but it would have to be set up perfectly at the start and may be easier to use the other calculation methods each year. So, if the IRA is $100,000, and the 72t calc basd on LE is - say $3,500, then I'd have ...

gassert

But, If Im 50 ys old and start a life annuity on $100k, my monthly payment would be - say $300/mo. If I'm 50 and start a fixed period annuity for 10 years, then the payment would be - say $1,000/mo. I read the language and "made for the life (or life expectancy) " is what I'm trying to cla...

gassert

LH - thanks. I take your posts as virtual truth, but how do you know that? I can't find language.

gassert

I have googled this but can't find the answer. I understand it's possible to draw retirement funds prior to 59.5 in a few cases. One method uses 72t which must continue for 5 years or 59.5 whichever is later. And I also understand there are a couple ways to calculate the distriution amount. There ar...

gassert

This is 100% a non-issue.

There will b eno bank runs, not like there havbe been ay anyway. And you're looking at the retro active.

Non-issue.

And who knows the next legislative package.

And there are 100-1 ways to "insure" more thatn 100k anywa

gassert

You dont think there will be cap gains this year? way wrong. Jan 08 was near the top of 5 years of gains. Lots of mangers held positions and sold in the new year so as not to repeast the terrible pass throughs of 2007, now they can certainly write off against losses, but I promise there are funds wh...

gassert

As usual I am happy gummy is around. Thanks.

And SPY calls we a great buy - sooner - I was in a day or 2 early, but happy to "bet" on the bounce with play money. Nice job

gassert

if your handle is "market timer" you should certianly be expected to understand the most basic trading functions of the market, no? (or at least NOT respond when asked) We're not deabting partical physics theory or anythign that requires higher brain function.

gassert

Why on earth do good threads get locked, yet this sillines is allowed to continue.
Please oh please get it together. I'll pieacre my @%! if it leads to more stimulating discussion.

gassert

Market Timer is obviously wrong. If you put in a true sell limit, then your trade will be executed at the market price as long as the market price is above the limit price. In simple terms your limit order becomes a market order. However if theres one or two trades at the very open that are exacuted...

gassert

My understanding from IRS pub 590 is that when a spouse is greater than 10 years in age from the IRA account holder, then the RMD is calculated using the actual joint life expectancy in table II (or I guess uniform table III can be used, but it's less favorable). I was also under the impression, tha...

gassert

gassert

The government already forces us to pay/save for lots of things - already one for retirement. I don't know why forced savings is such a bad idea. If anything it is better for those of us that already save because there will be less future burden for those that dont - which we will pay for anyway. Th...

gassert

With respect to Vanguard's financial planning service that's offered to certain asset levels - Does anyone have a copy or a sample financial plan that can be shared? I would like to see what one would expect to receive (of course understanding that all situations are different)

Thanks - GG

gassert

Great - thanks for the info. So it sounds like a divorced spouse can receive retirement benefits if they were married 10 yrs. Or survivor benefits if married 10 yrs. A married spouse can receive survivor benefits if married 9 months. A married spouse can receive retirement benefits if married 1 year...

gassert

I know that in order to qualify for retirement benefits based on the record of your spouse (or ex-spouse), you need to be married for 10 years. Is the same true of survivorship benefits for a spouse, 10 yrs? For ex if a widower were to marry again and then pass away in 5 yrs, would his new bride be ...

gassert

Basically this is all window dressing. Politics. There's no way that shorting a huge market cap company has any impact on the stock price. No way. That would be like trying to move XOM by shorting 100 shares. Even the biggest hedge funds couldnt do it. It's absurd. There have certainly been smaller ...

gassert

You should honestly not waste another minute or a single dollar on this. The time you spend trying to resolve will be worth nothing. THis case - if you even attempt to file would be thrown out. And even if the 100 to 1 odds of a judgement in your favor happens, you have no grounds to actually collec...

gassert

Theres no way youre getting a cent. If you want to threaten and play tough and scare him and he folds, maybe. But as far as collections go - no way, no chance. You can file a claim and the judgement will show on his records, but you aren't getting his wages or anything else you see in the movies. As...

gassert

Landy,

It likely doesn't have anything to do with "morons". It sounds like there's top-heavy testing which is an IRS issue, not an employer issue.

Non,

Use the same order, you just have a lower effective cap in your 401k.

gassert

This is about as predictive and sucessful as Sudi - and at least that was entertaining.

gassert

I havent calculated my returns for the last 6 mos, year or 5 yrs.

removed - personal attack - mod jeff aka chuck D

gassert

Wow - that's awesome.

Anyone know of a link that would incorporate state tax issue? Maybe not, but thanks -

gassert

No, but I've been "told" by the provider a couple times that it's possible. That's probbaly part of what im looking for too.

gassert

Only if you live longer than expected. Well - if i have an inherited inherited IRA and the divisor based on the previous beneficiary owner is 20 - then I need to continue that divisor even if my own life expectancy is 30 or 40. But, if I take a life annuity with the funds, then even if I die very e...

gassert

Also - FYI the required begin date of RMD is the later of retirement year or 70.5 whichever is later, so if she's 75 and still with Govt, then roll the VG to TSP and avoid RMDs. Or keep seperate, but rules would be different for each. I mention this becuase you said you need to take action before sh...

gassert

Well - if the 2 accounts are both 403bs then the answer is yes, you can take from either/or as long as the total requirement is satisfied. [Dito if there were both IRAs, which TSP clearly is not]. If the accounts are 403b and IRA or 403b and 401k or 401k and 401a, etc etc, then the answer is no. You...

gassert

If an inherited IRA is inherited a second time then the RMD LE divisor is that of the original benefiary, not the sucessor beneficiary. In order to satisfy the RMD then you would take your account balance divided and there you are. for ex. $100,000 / 20 = $5k first year and so forth. In this case 5%...

gassert

My father is thinking about selling some individual stocks with low cost basis for better diversification. He will be realizing capital gains that are relatively significant. As we explore options, one of the factors is the tax impact of the sale. He will certainly end up in AMT land and start to be...

gassert

If this is a living trust, then the account would need to be titled as such and wouldn't have additional names or benys so you wouldnt be able to take Steve's advice - though that's a good idea. I wouldn't question this banker - I mean it doesn't hurt to question and verify the info is correct - but...

gassert

LH- I'm not going to get into it with you since I respect your contribution and I dont think have ever disagreed, but you are not correct. Especially in the public field a traditional DB plan will only offer a lump sum equal to EE payments and assumed growth, without availability to ER contrubtions ...

gassert

There are many on this board with lots of experience in RE. My opinion is that RE does not have a high long term return above inflation. Further, RE rental investment should more appropriately be viewed as taking a second job - not making an investment. You may well purchase the property for X, inve...

gassert

Depending on the type of company and type of pension, you will have very different results and calculations. In many cases (sounds like this is one of them), a lump sum is return of your own contributions and growth and not the employer portion and therefore the benefit is far greater to leave it in...

gassert

You car doesnt burn any less fuel in N at a light than D. Putting in N would be fine on a long downhill because there's less rolling resistance, but coasting in N or D (or at idle) is about the same fuel consumption.

gassert

Well - you can really disregard health care costs in your retirement esimates. Historically they are growing at 7%+ and make up 16% of the GDP. If they continue at that rate they will eventually make up over 100% of GDP in the next 25 yrs. Thats impossible, so somethign will eventaully break or some...

gassert

Considering your second post, I would echo with full support for the trip to Switzerland - Interlaken. You can base in this city which is english speaking and modern. You can take day trips into the mountains and tram rides in what seems like the middle of nowhere. THere are simply scenic hikes with...

gassert

It is very very common (and often a suggestion of estate planning attorneys) to have co-trustees, one being an institution and one a living person, realtive; though it is somewhat less common for the beneficiary to be the co-trustee. And in terms of bypass trusts to avoid estate tax, it's generally ...

gassert

Clearly REITs are very subject to investor sentiment and as such are tough to time. Last year they were trading at a 20% premium to FMV, earlier in this yr they were trading at a 20%+ discount. I havent looked at the recent valuations, but considering previous undervalue I dont think it's a terrible...

gassert

First - we have to assume that you have done the appripriate estate planning when it comes to state and federal estate taxes - that alone will determine the desitnation method of assets. Second - look through trusts for retirement assets are fine, but you will want to definetly structure trusts so t...

gassert

You can blame it on politics, but shorting in your IRA is clearly also not allowed because you have unlimited losses. There are restrictions on contributions. You can only add $X per yr. If you borrow stock in your IRA and sell it and you realize the risk, suddenly you have to deposit more money. Yo...

gassert

"PTTRX=5.57;VBIIX=3.64 is more than slight outperformance for a bond fund. You gotta give the "bond king" his credit, including having a low ER. Re your lessons--agreed " Andy was kind in comparing these two funds. Reality is that this is completely apples and oranges and anyone ...

gassert

As stated, unless you are 59.5+ and the plan allows, you wont be able to move the funds while still employed. Doesn't matter that it's your contribution.

However, as an alternative, you can do a direct transfer (not a rollover) to another provider within the employer plan (assuming such exists).

gassert

You said that you needed to "park" 100k. That's the operative word in your question. If by park, you mean we need a place for it until we buy a house in 2 months, then that's a lot different than "parking" for the addition your going to put on your home in 5yrs. Risk tolerance as...

gassert

Am I missing something in the question? No comments?

gassert

I received an EE bond (I guess they're called Patriot Bonds now? - how patriotic) for my daughter. I haven't seen this since I was a kid. The paper bond is in her name and then below says "or" and then my wife's name. My options are to keep the paper or register it for online tracking. How...

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