[luchabee]

Amen to cooperthedog!!!

The only thing I could add to this excellent, excellent advice is that if you have excess income and can fully fund a 401(k) and IRA and are still looking for places to invest, make sure, of course, to have your ordinary income assets, etc. in the tax deferred accounts and you capital gains assets in your taxable accounts. In sum, your entire portfolio allocation should eventually take into account the pre-tax and post-tax characteristics of each account. Do not diversify each account, but diversify your entire portfolio, making sure you are not trading in non-deferred accounts and receiving ordinary income, etc. in taxable accounts. Common sense to some, but not to all.

After this, this is the only time people should start looking into the tax deferred aspects of annuities and insurance vehicles (except for term).

Another poster is correct too about the ultimate distribution issues with RMDs. Make sure that you consult an experienced advisor in how to carefully manage these distributions from a tax perspective when you start thinking about retirement.

This is where a good tax advisor is really worth it!!!

Some people start taking out hugh lump sumps to meet the RMDs (triggering tremendous taxes in those years) when they should have been taking out distributions in these deferred accounts a few years before to cut down the tax impact of these forced distributions while leaving their taxable accounts in place. This is inverted from most people’s desire to always defer. In other words, you should visit with a CFP, CPA, or tax attorney when you start thinking about retirement.

[luchabee]

Amen to cooperthedog!!!

The only thing I could add to this excellent, excellent advice is that if you have excess income and can fully fund a 401(k) and IRA and are still looking for places to invest, make sure, of course, to have your ordinary income assets, etc. in the tax deferred accounts and you capital gains assets in your taxable accounts. In sum, your entire portfolio allocation should eventually take into account the pre-tax and post-tax characteristics of each account. Do not diversify each account, but diversify your entire portfolio, making sure you are not trading in non-deferred accounts and receiving ordinary income, etc. in taxable accounts. Common sense to some, but not to all.

After this, this is the only time people should start looking into the tax deferred aspects of annuities and insurance vehicles (except for term).

Another poster is correct too about the ultimate distribution issues with RMDs. Make sure that you consult an experienced advisor in how to carefully manage these distributions from a tax perspective when you start thinking about retirement.

This is where a good tax advisor is really worth it!!!

Some people start taking out hugh lump sumps to meet the RMDs (triggering tremendous taxes in those years) when they should have been taking out distributions in these deferred accounts a few years before to cut down the tax impact of these forced distributions while leaving their taxable accounts in place. This is inverted from most people’s desire to always defer. In other words, you should visit with a CFP, CPA, or tax attorney when you start thinking about retirement.

[luchabee]

Amen to cooperthedog!!!

The only thing I could add to this excellent, excellent advice is that if you have excess income and can fully fund a 401(k) and IRA and are still looking for places to invest, make sure, of course, to have your ordinary income assets, etc. in the tax deferred accounts and you capital gains assets in your taxable accounts. In sum, your entire portfolio allocation should eventually take into account the pre-tax and post-tax characteristics of each account. Do not diversify each account, but diversify your entire portfolio, making sure you are not trading in non-deferred accounts and receiving ordinary income, etc. in taxable accounts. Common sense to some, but not to all.

After this, this is the only time people should start looking into the tax deferred aspects of annuities and insurance vehicles (except for term).

Another poster is correct too about the ultimate distribution issues with RMDs. Make sure that you consult an experienced advisor in how to carefully manage these distributions from a tax perspective when you start thinking about retirement.

This is where a good tax advisor is really worth it!!!

Some people start taking out hugh lump sumps to meet the RMDs (triggering tremendous taxes in those years) when they should have been taking out distributions in these deferred accounts a few years before to cut down the tax impact of these forced distributions while leaving their taxable accounts in place. This is inverted from most people’s desire to always defer. In other words, you should visit with a CFP, CPA, or tax attorney when you start thinking about retirement.

[luchabee]

Amen to cooperthedog!!!

The only thing I could add to this excellent, excellent advice is that if you have excess income and can fully fund a 401(k) and IRA and are still looking for places to invest, make sure, of course, to have your ordinary income assets, etc. in the tax deferred accounts and you capital gains assets in your taxable accounts. In sum, your entire portfolio allocation should eventually take into account the pre-tax and post-tax characteristics of each account. Do not diversify each account, but diversify your entire portfolio, making sure you are not trading in non-deferred accounts and receiving ordinary income, etc. in taxable accounts. Common sense to some, but not to all.

After this, this is the only time people should start looking into the tax deferred aspects of annuities and insurance vehicles (except for term).

Another poster is correct too about the ultimate distribution issues with RMDs. Make sure that you consult an experienced advisor in how to carefully manage these distributions from a tax perspective when you start thinking about retirement.

This is where a good tax advisor is really worth it!!!

Some people start taking out hugh lump sumps to meet the RMDs (triggering tremendous taxes in those years) when they should have been taking out distributions in these deferred accounts a few years before to cut down the tax impact of these forced distributions while leaving their taxable accounts in place. This is inverted from most people’s desire to always defer. In other words, you should visit with a CFP, CPA, or tax attorney when you start thinking about retirement.

[luchabee]

Amen to cooperthedog!!!

The only thing I could add to this excellent, excellent advice is that if you have excess income and can fully fund a 401(k) and IRA and are still looking for places to invest, make sure, of course, to have your ordinary income assets, etc. in the tax deferred accounts and you capital gains assets in your taxable accounts. In sum, your entire portfolio allocation should eventually take into account the pre-tax and post-tax characteristics of each account. Do not diversify each account, but diversify your entire portfolio, making sure you are not trading in non-deferred accounts and receiving ordinary income, etc. in taxable accounts. Common sense to some, but not to all.

After this, this is the only time people should start looking into the tax deferred aspects of annuities and insurance vehicles (except for term).

Another poster is correct too about the ultimate distribution issues with RMDs. Make sure that you consult an experienced advisor in how to carefully manage these distributions from a tax perspective when you start thinking about retirement.

This is where a good tax advisor is really worth it!!!

Some people start taking out hugh lump sumps to meet the RMDs (triggering tremendous taxes in those years) when they should have been taking out distributions in these deferred accounts a few years before to cut down the tax impact of these forced distributions while leaving their taxable accounts in place. This is inverted from most people’s desire to always defer. In other words, you should visit with a CFP, CPA, or tax attorney when you start thinking about retirement.

[luchabee]

In a summary form, any chance you local people who are in the know could rank the best neighborhoods/areas in Temecula (say the top 5 or so)?

[luchabee]

In a summary form, any chance you local people who are in the know could rank the best neighborhoods/areas in Temecula (say the top 5 or so)?

[luchabee]

In a summary form, any chance you local people who are in the know could rank the best neighborhoods/areas in Temecula (say the top 5 or so)?

[luchabee]

In a summary form, any chance you local people who are in the know could rank the best neighborhoods/areas in Temecula (say the top 5 or so)?

[luchabee]

Ex-SD,

This response was completely consistent with the tenor of this thread (which is a separate issue from it being on this board in the first place). However, another person posted this link and got the ball rolling.

So, I seriously don’t get your comment at all. It was quite rude, actually, and completely ad hominem.

Since this is a housing bubble blog (and not a religious blog), I’d suggest that interested persons (whether skeptics or people of faith)check out the very interesting and recent debate between Christopher Hitchens and Dinesh D’Souza. These gentleman represent both sides very admirably.

http://www.youtube.com/watch?v=M05P9gO5Hkg

Most important, these comments about this topic can be made on Youtube, which is a more relevant place for such postings.

[luchabee]

Ex-SD,

This response was completely consistent with the tenor of this thread (which is a separate issue from it being on this board in the first place). However, another person posted this link and got the ball rolling.

So, I seriously don’t get your comment at all. It was quite rude, actually, and completely ad hominem.

Since this is a housing bubble blog (and not a religious blog), I’d suggest that interested persons (whether skeptics or people of faith)check out the very interesting and recent debate between Christopher Hitchens and Dinesh D’Souza. These gentleman represent both sides very admirably.

http://www.youtube.com/watch?v=M05P9gO5Hkg

Most important, these comments about this topic can be made on Youtube, which is a more relevant place for such postings.

[luchabee]

Ex-SD,

This response was completely consistent with the tenor of this thread (which is a separate issue from it being on this board in the first place). However, another person posted this link and got the ball rolling.

So, I seriously don’t get your comment at all. It was quite rude, actually, and completely ad hominem.

Since this is a housing bubble blog (and not a religious blog), I’d suggest that interested persons (whether skeptics or people of faith)check out the very interesting and recent debate between Christopher Hitchens and Dinesh D’Souza. These gentleman represent both sides very admirably.

http://www.youtube.com/watch?v=M05P9gO5Hkg

Most important, these comments about this topic can be made on Youtube, which is a more relevant place for such postings.

[luchabee]

Next time, before selling this type of appreciated property, you may want to consider a Charitable Remainder Trust (CRT), especially if you are older.

The Charitable Remainder Trust is the ONLY vehicle that will allow you to completely bypass all capital gains tax due on the sale of property. In return, you will receive an income stream based on the appraised value of the property before the sale, a substantial charitable deduduction to offset taxes, and you will be able to benefit your favorite charity or charities after you pass away.

They are very flexible. The only real “downside” is that you must leave at least 10 percent of the initial appraised value to the charity after you pass away. However, if you have this type of taxable gain, that would be nothing and you would be helping your favorite charity and not Uncle Sam!

Many people who are no longer looking for growth and are seeking income for retirement (while bypassing the cap. gain taxes and no longer having to manage the property) chose a Charitable Trust. They can also be formed after death minimizing estate taxes, etc. Personally, I know of a 40,000,000 CRT. They are a perfect way to get off the 1031 merry-go-round.

Check with an experienced estate planning attorney/firm or a large national charity for more information.

Concerning Private Annuity Trusts, I heard they have been disallowed by the I.R.S. (However, please confirm this.)

[luchabee]

Next time, before selling this type of appreciated property, you may want to consider a Charitable Remainder Trust (CRT), especially if you are older.

The Charitable Remainder Trust is the ONLY vehicle that will allow you to completely bypass all capital gains tax due on the sale of property. In return, you will receive an income stream based on the appraised value of the property before the sale, a substantial charitable deduduction to offset taxes, and you will be able to benefit your favorite charity or charities after you pass away.

They are very flexible. The only real “downside” is that you must leave at least 10 percent of the initial appraised value to the charity after you pass away. However, if you have this type of taxable gain, that would be nothing and you would be helping your favorite charity and not Uncle Sam!

Many people who are no longer looking for growth and are seeking income for retirement (while bypassing the cap. gain taxes and no longer having to manage the property) chose a Charitable Trust. They can also be formed after death minimizing estate taxes, etc. Personally, I know of a 40,000,000 CRT. They are a perfect way to get off the 1031 merry-go-round.

Check with an experienced estate planning attorney/firm or a large national charity for more information.

Concerning Private Annuity Trusts, I heard they have been disallowed by the I.R.S. (However, please confirm this.)

[luchabee]

Do you have lots of money?

Why not just rent a cabin? No $150,000 tied up or mortgage and closing costs, no property taxes, maintenance, weed abatement, no cleaning, or fires? Also, you can rent different cabins if you get tired of the same place.

Try Craigslist.com

But that’s just me.

[Author]

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