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What do you mean by a “post tax IRA”? A Roth IRA? Roth distributions, if all the requirements are met, are tax-free.

Distributions from non-deductible IRAs are partially tax-free. Essentially, you get “basis” in your IRA and the basis is recovered each distribution year based on the ratio of basis to total value at the beginning of the year.

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[quote=SD Realtor]you forgot the ending nsr… which is generally, a successful private entity cuts losses, cancels the project and moves on.[/quote]

Rarely happens with projects like this. The website is a pretty small but essential piece of the puzzle.

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[quote=Essbee]
Sabre Springs, I’m not sure. I think that is too far south to be part of RB. It is really located off of Poway Rd, or between Poway Rd and Scripps Poway Parkway. I don’t think it is part of the City of Poway, however, but rather another part of the City of San Diego. If so, Scripps Ranch IS the closest other City of SD neighborhood.[/quote]

Sabre Springs is north of Poway Road, not south.

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[quote=AN] All of this is kind of like Torrey Hills saying they’re not Carmel Valley or Park Village is not Rancho Penasquitos or Sabre Springs is not Scripps Ranch.

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Sabre Springs is not Scripps Ranch. That’s not even arguable. Did you mean Carmel Mountain Ranch?

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[quote=spdrun]

Also, keep in mind that the California Homerenters’ Bill of Wrongs hasn’t made it terribly easy for a bank to “just foreclose” and get their money back at the sheriff’s auction.[/quote]

buncha whiney ass banks. It certainly hasn’t made it hard.

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[quote=bearishgurl]
Am I missing something??[/quote]

Not sure if you’re missing something or not. The shift will be gradual. The tipping point will be sudden. The turmoil in the middle east is a perfect example. Life has been crappy in Egypt for 50 years. But the trend over that 50 years has been crappier and crappier as there have been fewer jobs, more hungry people and an economy generally trending downwards. And then the suffering hit critical mass. It was the same story in Libya and in Syria. (I’m not dismissing outside influence, and this isn’t meant to be derail the discussion towards ME politics, it’s just an example.) We have already seen the same trend in the US. It is what the occupy movement was all about, it just failed to hit critical mass. Without substantial change in trajectory, eventually it will.

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[quote=harvey]What about the 50 million people that actually believe Obama created every social program in the country?[/quote]

Great point. Even some that he’s (apparently?) accused of inventing, don’t exist anymore. Current unemployment benefits are shorter in most states today than at any time during the eight years prior to Obama taking office. Half as long in some states.

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[quote=The-Shoveler]States that Give more to Fed Gov than they get.
Top 10
New Jersey, Nevada, Connecticut, New Hampshire, Minnesota, Illinois, Delaware, California, New York, Colorado.

Interestingly Texas for instance now gets more Fed money than it gives as of 2012.[/quote]

And the bottom 10, states that get more from the federal government than they give:

New Mexico, Mississippi, Alaska, Louisiana, W. Virginia, N. Dakota, Alabama, S. Dakota, Virginia, Kentucky.

In general, it seems just the opposite of the “Romney 47%”. I think it’s 8 of 10 of the worst “taker” states voted for Romney. All of the best “giver” states voted for Obama.

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I don’t think it would work Flu. (btw, I think it’s most Amex cards, not just Costco.) I tried it twice and it seems to vary by dealership. The Hyundai dealership where I bought one of my kid’s cars would only let me put $1,000 on Amex. I put $5K on Amex at a Toyota dealership. I suspect most have those limits because Amex charges really high discounts to merchants, in some cases almost double Visa or MC. Though they probably wouldn’t let you put the entire purchase on either of those either, their margins just aren’t that high. It was still good for the airline mileage.

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Yes it does Jeff, but if I remember correctly, the apple warranty on their refurbished stuff is either 30 or 60 days. Double that, and you’re still looking at a very short warranty. I went looking for the same info when shopping for a refurbished ipad, and at least my conclusion was that it only covers manufacturers warranties (including refurbished stuff). It took a few phone calls, but eventually AMEX gave me that info. So it doesn’t apply to refurbished stuff by 3rd parties that include warranties.

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[quote=livinincali]I’m not saying the government will do that but I am saying that when push comes to shove SS and other welfare benefits probably have the lowest standing in terms of have to be paid. Congress defunding those programs does not constitute a breach of contract in my eyes. We didn’t vote to end social security but we didn’t allocate any money to pay for it.[/quote]

SS benefits and other welfare benefits are not the same. SS benefits are specifically addressed in the 14th amendment as are other federal pension programs. SNAP and WIC payments could stop. SS and other federal pensions can’t without violating the law. It is the exact same violation as not paying interest on notes and bonds or not paying treasury bills when due.

I don’t think there is any logic whatsoever in arguing that the courts would see inaction by congress as a congressional act. Social Security, until changed, doesn’t need periodic appropriations. The trust fund is solvent, possibly even if interest payments stop. The way it’s funded is a permanent appropriation.

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[quote=UCGal]
Florida doesn’t tax retirement income (SS, pensions, RMDs, etc.)

CA does.

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Florida doesn’t have any state income tax. On any kind of income. That’s why so many pro golfers (among other high earners) live there.

CA doesn’t tax SS benefits.

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[quote=livinincali][quote=SK in CV]So without any legal basis, China gets paid before SS and other federal pension recipients?[/quote]

Social security is the easiest one to cut from a legal perspective. Your social security statement says social security can be changed with an act of congress.

Work already performed probably has legal standing as a debt, but I think they can probably pay that as well. They can also say cease and desist all future work and if that order wasn’t obeyed then obviously they could withhold payment.[/quote]

Who is going to vote to cut SS benefits?

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[quote=flyer][quote=spdrun]Other than housing costs (and if you have a paid-off home by the point of retirement, you have that problem basically licked) what makes San Diego particularly expensive? OK, gasoline is about 25% more expensive than in the rest of the country, but you’re not paying for energy in other ways, since HVAC costs are minimal.

Food and other goods didn’t strike me as being horribly expensive in SD. Yeah, you have state income tax and sales tax, but it’s not huge in the grand scheme of things.[/quote]

Agree, sp. The “too expensive to live there in retirement” comment is just what we’ve heard from some people we’ve known who have left the state. Of course, we’ve heard that from younger people also–friends of our kids–who couldn’t find high paying jobs or afford to buy a home here after college.[/quote]

Here’s a real life example of how someone who has been pretty financially responsible might want to move. One of my closest friends is early 60’s and is pretty much retired. He has a home he bought many years ago that’s free and clear and is worth $1.3 million. He has about $1.6 million in financial assets. Enough to live comfortably along with his social security. I just showed him a home in Phoenix, a few blocks from where my brother lives that is pretty much the same as the home he has in SD. It’s in a comparable area and is for sale for $350K. He could essentially increase his financial assets by 50% by moving. He could stay where he is, but he could move and substantially increase his financial security.

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So without any legal basis, China gets paid before SS and other federal pension recipients?

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