Search found 178 matches

by gassert
Mon Oct 27, 2008 7:51 pm
Forum: Personal Investments
Topic: 2009 Roth IRA Limit
Replies: 6
Views: 2836

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...
by gassert
Mon Oct 27, 2008 7:43 pm
Forum: Personal Investments
Topic: Don't Be an Idiot..Buy Stocks!
Replies: 25
Views: 5071

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.
by gassert
Mon Oct 27, 2008 7:40 pm
Forum: Investing - Theory, News & General
Topic: The bear market is over
Replies: 242
Views: 80132

[rude remarks deleted by admin alex]
by gassert
Tue Oct 21, 2008 8:30 pm
Forum: Investing - Theory, News & General
Topic: End the Crisis Soon
Replies: 74
Views: 12080

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...
by gassert
Sat Oct 18, 2008 4:06 pm
Forum: Personal Investments
Topic: Push some of my house down payment fund in the market?
Replies: 18
Views: 2687

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...
by gassert
Sat Oct 18, 2008 2:41 pm
Forum: Personal Investments
Topic: Early IRA withdrawals & 72t
Replies: 11
Views: 2585

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 ...
by gassert
Fri Oct 17, 2008 6:08 pm
Forum: Personal Investments
Topic: Early IRA withdrawals & 72t
Replies: 11
Views: 2585

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...
by gassert
Fri Oct 17, 2008 4:42 pm
Forum: Personal Investments
Topic: Early IRA withdrawals & 72t
Replies: 11
Views: 2585

LH - thanks. I take your posts as virtual truth, but how do you know that? I can't find language.
by gassert
Fri Oct 17, 2008 4:13 pm
Forum: Personal Investments
Topic: Early IRA withdrawals & 72t
Replies: 11
Views: 2585

Early IRA withdrawals & 72t

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...
by gassert
Thu Oct 16, 2008 8:39 pm
Forum: Investing - Theory, News & General
Topic: FDIC Insurance Limit Increase
Replies: 6
Views: 1519

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
by gassert
Tue Oct 14, 2008 8:33 pm
Forum: Investing - Theory, News & General
Topic: Taxable gains on 1099div in 2008
Replies: 5
Views: 1122

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...
by gassert
Mon Oct 13, 2008 9:42 pm
Forum: Investing - Theory, News & General
Topic: Shiller says Dow may go down to 4000
Replies: 67
Views: 15595

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
by gassert
Mon Oct 13, 2008 9:36 pm
Forum: Investing - Theory, News & General
Topic: Limit sell order not a good idea?
Replies: 11
Views: 2708

.

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.
by gassert
Mon Oct 13, 2008 9:32 pm
Forum: Personal Consumer Issues
Topic: My daughter got a nose pierce! I am not happy.
Replies: 142
Views: 41764

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.
by gassert
Mon Oct 13, 2008 9:26 pm
Forum: Investing - Theory, News & General
Topic: Limit sell order not a good idea?
Replies: 11
Views: 2708

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...
by gassert
Mon Sep 29, 2008 4:20 pm
Forum: Personal Investments
Topic: Required Minimum Distributions
Replies: 0
Views: 527

Required Minimum Distributions

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...
by gassert
Sun Aug 24, 2008 9:34 am
Forum: Personal Finance (Not Investing)
Topic: "Mandatory savings for individuals"
Replies: 49
Views: 9381

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...
by gassert
Thu Aug 21, 2008 1:58 pm
Forum: Personal Investments
Topic: Vanguard financial plan
Replies: 7
Views: 2031

Vanguard financial plan

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
by gassert
Tue Aug 19, 2008 10:41 am
Forum: Personal Investments
Topic: Social Security Survivor Benefits
Replies: 17
Views: 3416

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...
by gassert
Mon Aug 18, 2008 5:23 pm
Forum: Personal Investments
Topic: Social Security Survivor Benefits
Replies: 17
Views: 3416

Social Security Survivor Benefits

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 ...
by gassert
Wed Jul 16, 2008 6:26 pm
Forum: Investing - Theory, News & General
Topic: SEC to Curb Short Selling - WSJ
Replies: 35
Views: 5279

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 ...
by gassert
Wed Jul 16, 2008 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gave a guy a personal loan, now he's not paying me back...
Replies: 127
Views: 25773

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...
by gassert
Tue Jul 15, 2008 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Gave a guy a personal loan, now he's not paying me back...
Replies: 127
Views: 25773

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...
by gassert
Mon Jul 07, 2008 9:01 am
Forum: Personal Investments
Topic: Employer limits 401k contributions - now what?
Replies: 5
Views: 1819

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.
by gassert
Tue Jul 01, 2008 8:07 pm
Forum: Investing - Theory, News & General
Topic: Retired at 48, can you expand or link on Pyramid Up
Replies: 86
Views: 28150

This is about as predictive and sucessful as Sudi - and at least that was entertaining.
by gassert
Tue Jul 01, 2008 7:56 pm
Forum: Investing - Theory, News & General
Topic: Mid-year investment returns
Replies: 41
Views: 7840

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

removed - personal attack - mod jeff aka chuck D
by gassert
Tue Jul 01, 2008 3:57 pm
Forum: Personal Investments
Topic: Tax Calculator
Replies: 2
Views: 964

Wow - that's awesome.

Anyone know of a link that would incorporate state tax issue? Maybe not, but thanks -
by gassert
Sat Jun 28, 2008 7:57 am
Forum: Personal Investments
Topic: RMDs on inherited IRA
Replies: 6
Views: 1440

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.
by gassert
Fri Jun 27, 2008 7:24 pm
Forum: Personal Investments
Topic: RMDs on inherited IRA
Replies: 6
Views: 1440

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...
by gassert
Fri Jun 27, 2008 6:43 pm
Forum: Personal Investments
Topic: RMD question
Replies: 7
Views: 1730

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...
by gassert
Fri Jun 27, 2008 6:40 pm
Forum: Personal Investments
Topic: RMD question
Replies: 7
Views: 1730

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...
by gassert
Fri Jun 27, 2008 1:08 pm
Forum: Personal Investments
Topic: RMDs on inherited IRA
Replies: 6
Views: 1440

RMDs on inherited IRA

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%...
by gassert
Thu Jun 26, 2008 4:28 pm
Forum: Personal Investments
Topic: Tax Calculator
Replies: 2
Views: 964

Tax Calculator

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...
by gassert
Thu Jun 26, 2008 8:26 am
Forum: Personal Investments
Topic: FDIC Insurance Question
Replies: 10
Views: 2181

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...
by gassert
Mon Jun 23, 2008 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Determination
Replies: 17
Views: 3122

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 ...
by gassert
Mon Jun 23, 2008 7:18 pm
Forum: Investing - Theory, News & General
Topic: Real Estate (the real real, not a REIT)
Replies: 44
Views: 8299

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...
by gassert
Mon Jun 23, 2008 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Determination
Replies: 17
Views: 3122

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...
by gassert
Sun Jun 22, 2008 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How to Save Money on Gas
Replies: 9
Views: 2243

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.
by gassert
Sat Jun 21, 2008 8:48 pm
Forum: Investing - Theory, News & General
Topic: 8 Reasons you should not expect an inheritance
Replies: 10
Views: 2933

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...
by gassert
Wed Jun 11, 2008 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where to Visit in Europe - Free Plane Ticket
Replies: 39
Views: 8297

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...
by gassert
Wed Jun 11, 2008 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to leave assets to son?
Replies: 22
Views: 3407

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 ...
by gassert
Tue Jun 10, 2008 7:50 pm
Forum: Investing - Theory, News & General
Topic: REITS - VGSIX - Down 6 2/3 % in 2 days - buy now?
Replies: 31
Views: 7642

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...
by gassert
Tue Jun 10, 2008 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to leave assets to son?
Replies: 22
Views: 3407

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...
by gassert
Sun Jun 08, 2008 9:12 am
Forum: Investing - Theory, News & General
Topic: Best instruments for shorting oil?
Replies: 34
Views: 5178

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...
by gassert
Wed Jun 04, 2008 8:01 pm
Forum: Investing - Theory, News & General
Topic: "The 5 best fund managers in the business"
Replies: 24
Views: 5598

"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 ...
by gassert
Thu May 22, 2008 11:57 am
Forum: Personal Investments
Topic: 403b rollover question
Replies: 6
Views: 2710

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).
by gassert
Tue May 20, 2008 5:53 pm
Forum: Personal Investments
Topic: Parking Cash
Replies: 8
Views: 2997

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...
by gassert
Tue May 13, 2008 8:31 pm
Forum: Personal Investments
Topic: EE Patriot Bonds
Replies: 4
Views: 1688

Am I missing something in the question? No comments?
by gassert
Mon May 12, 2008 8:10 am
Forum: Personal Investments
Topic: EE Patriot Bonds
Replies: 4
Views: 1688

EE Patriot Bonds

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...