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ucodegen
Participant[quote=svelte]Click through the photos of this beauty…
https://www.realtor.com/realestateandhomes-detail/4707-Lucerne-Lakes-Blvd-E-Apt-102_Lake-Worth_FL_33467_M68724-63483?fbclid=IwAR2_Gh9VcEQqpgJEzHUPq2nLhAkfGW9SqaHDfK-b-lE_ViLAcu_8VYEgcH0#photo1%5B/quote%5D
Hey, its a ‘Bud’ shack…My next question – did the previous owner drink all of these?? very um,… consistent in taste..
Participant[quote=scaredyclassic]Warning
Jenny JosephWhen I am an old woman I shall wear purple
With a red hat which doesn’t go, and doesn’t suit me.
.
.
.
But maybe I ought to practise a little now?
So people who know me are not too shocked and surprised
When suddenly I am old, and start to wear purple.[/quote]
Good poem. I always try to practice a little social convention irreverence now and then. Sometimes it may get me in trouble. One has to enjoy life though.Participant[quote=plm][quote=ucodegen]
See pro-rata rule:
https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/%5B/quote%5DAre you sure this is right, I read the link and it seems to me that the problem is if you have an IRA of pretax money (like converting from a standard 401k) It’s just too complicated.[/quote]
Yes, I am quite sure it is correct. You can have an IRA funded with pretax and post tax income (not a good idea to mix, but you would be responsible for tracking the amounts – IRS form 8606). Coronita is right that the withdraw from IRA portion of the Roth rollover is treated as a distribution. The tax basis has to be calculated. If the money was placed into the IRA post tax, the basis/initial funds are not taxed on withdraw.
See also: https://rodgers-associates.com/newsletters/how-to-avoid-being-double-taxed-on-your-after-tax-ira-contributions/Participant[quote=Coronita]
Why is it this complicated, I have no idea… But again, yes another first world problem.Morale of the story. If you want to do a backdoor Roth IRA, don’t ever rollover a previous employer’s 401k account into a IRA… Either keep the 401k or roll it into your existing employer’s 401k plan.[/quote]
It is still possible. What you are referring to is called the pro-rata rule. It is not too bad if you ONLY put pre-tax money into IRAs. It gets messy when you have both pre-tax and after tax IRAs. — basically it is an attempt to screw those that put money into after tax IRAs… and prevent people from rolling the after tax contributions only into a Roth.See pro-rata rule:
https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/ParticipantI have found them useful, particularly if there is a match. I do concur that most 401K/ProfitShare setups in companies have very bad selections. The company I used to work for was such a company, but we also had a group of employees who were active personal investors. We pressured the company and the 401K provider (Prudential) for better selections and eventually got it.
The company managing the 401K started pushing automatic rebalancing and target date funds. What people don’t know about both of these is that every time your account gets ‘touched’ by rebalancing, reallocation, transactions, etc – they get to charge a fee (hidden) on top of the standard management fee (I guess you could call it touch labor costs). On one of the meetings pushing these options, three of the company’s investment club members were also at the meeting and the rep got ‘cross examined’ by them. The only way to keep the 401K offerings at the company honest is to be a little militant about it. Usually the selections for what is offered is pushed down to HR from the 401K management company. The HR staff involved are generally not active or knowledgeable investors – so they just accept what the 401K management company offers.
On target date funds, I would generally be careful. I mapped the return of a 30 yr target date fund vs the ones I had selected over a few years and the target date fund royally sucked.
When I was laid off, I rolled all of my 401K funds into a self directed account at a discount brokerage – this was when I was 48 (completely legal, and I would recommend for the knowledgeable)
I would recommend a Roth for those who are within the income threshold. I would be very careful on rolling over a standard 401K into a Roth because it gets taxed at your peak combined rate. If you roll over $500K and earn $100K/yr – the tax rate is on $600K for the year – don’t forget that marginal tax rate is the item you have to watch out for. By my calcs, rolling over a large 401K into a Roth actually causes more taxes overall and reduces possible gains (don’t forget that the taxes taken out on the roll over to a Roth could have been used for investments and gains)
I would also make discretionary retirement investments on a non tax deferred account.
As for tax effects of Roth, 401K, and ‘cash’ discretionary accounts – it depends upon how often you buy/sell stock.
ParticipantI would rather have it than not. Too many problems when you don’t have it.
I have a lot of my portfolio in long term holdings, which mean selling it will kill me in taxes.
The more interesting question in all of this is how do the brokerages then make money if the transaction costs are zero?
Participant[quote=scaredyclassic]ALM: see this video? It proves wearent racist. If youre a 75 uear old guy, we will try to kill you to, just for being there.
https://mobile.twitter.com/wbfo/status/1268712530358292484
Our country ti[/quote]
That bleeding from the ear is quite bad. I’ve seen it before from a person in an accident. That person did not survive. Prognosis is not necessarily good. It can be a symptom of bleeding around the brain (hemorrhagic stroke). You can hear how hard the head hit the pavement. Watch the hand go lax in a delay after impact, head drop back to the ground (person was trying to hold it up). Unconscious not due to impact, but due to bleeding. If the impact made him unconscious, the hand would have been immediately relaxed, head against pavement.Participant[quote=Coronita]It could be argued that China probably would not have fallen to the Communists had western nations not raided and weakened China’s empire during the Opium Wars.[/quote]
You might want to double check what you said…
Look up Chian Kai-shek https://en.wikipedia.org/wiki/Chiang_Kai-shekClause: 1937 he mobilized China for the Second Sino-Japanese War.
The US and Britain were working with him to try to protect China from Japan. Note also the use of the term ‘Republic of China'(democracy). Much of it was done on the sly (https://en.wikipedia.org/wiki/Flying_Tigers). Once the the war with Japan was ended, the Communists under Mao resumed their Civil War (temporarily suspended to fight Japan), fighting a now exhausted army after the fight with Japan and using that to drive him onto island of Formosa now called Taiwan. The communists had not exhausted their forces to protect China from Japan. The communists under Mao did what Japan was hoping to do to the United States (in part) near the close of hostilities with Germany.
BTW; Opium wars were 1839 – 1860. Chaing Kai-sheks nationalists were defeated by the communists in 1948.
ParticipantThe fundraiser is up to $84,672 Monday afternoon ($50,000 goal).
There was an interesting comment that was made:
As he was pulling his merchandise from looter’s hands Saturday night, he noticed all of them were young — perhaps not even 18 years old. When he took his things back, he said some of the teenagers looked shell-shocked and expressed regret.
“They said, ‘I’m sorry, man, I didn’t realize,’” Buxton said, noting an apparent disconnect between the looters’ actions and their repercussions.
I have noticed that there is a common disconnect within a group of youth in America these days. They are shell shocked because they can’t conceive that what they are doing is wrong and that there are counter-actions and counter-effects for everything they do. They have not learned consequences.
I put that at the feet of their parents.
Participant[quote=Coronita]IRA/401k. Since I can’t access this for another 20 years when I turn 65, [/quote]
Withdraws from IRAs/401ks are penalty free after 59.5.Participant[quote=FlyerInHi]One of the first contact-tracing apps violates its own privacy policy
https://www.washingtonpost.com/technology/2020/05/21/care19-dakota-privacy-coronavirus/?itid=lk_inline_manual_41%5B/quote%5D
A quote from the article:The oversight suggests that state officials and Apple, both of which were responsible for vetting the app before it became available April 7, were asleep at the wheel.
Figures – management farms it out – and fuggedaboutit(s).
ParticipantIt is possible, or it is a panic’d response to the situation and the need to have things open (else the state coffers bleed massively red). The thing that really gets me is that they are not doing statistical testing (except the University in Corvallis, Oregon) and even the University in Corvallis, Oregon is not doing the antibody test to identify those that have had the disease and recovered.
Another thing that the media is not accurately covering is ‘what is immunity’.. they take the position that it would be impossible to get the disease for which one has immunity after they get immunity. That is not true. If a person is exposed to a disease for a sufficiently long time and in sufficient strength, they will still get the disease. They may get weaker symptoms – but a person with ‘immunity’ is not free to roll around in a vat filled with the disease..
Participant[quote=Coronita]Cha-ching
https://finance.yahoo.com/quote/MRNA
Man, people are stupid. I thought it was already a stupid enough speculation when it was $25 jumping from $15. But, really $86???? It might not even open at $86 for the normal market hours.[/quote]
I agree with the stupid behavior. This looks like herd mentality. People pile on because it is going up and there is a feeling of safety in numbers(which is true until it doesn’t and the cattle run off the cliff (look up Buffalo Jump — or ‘Head Smashed In’☺)). When I look at Gilead – which makes remdesivir and look at ResMed – makes ventilators (as well as CPAP, and with new orders in hand due to COVID).. not much movement.. and then MRNA.. up 4x since Jan, I end up scratching my head. At 20-25 I might have done a speculative purchase.. 82?? 2017 Revenue $205M, 2018 Revenue $135M, 2019 Revenue $81M and as you mentioned – no proof it will work.Too me, I see too much speculation without real analysis. I see a lot of herd mentality in the market right now. Herd runs one way – everything is down – runs the other way – everything is up – then runs back – everything is down.
This might explain the jump: https://www.cnn.com/2020/05/18/health/coronavirus-vaccine-moderna-early-results/index.html
Participant[quote=FlyerInHi]Ucodegen, you can try to cover for Trump.all you want. … outmojo put it most succinctly given how the previous navy secretary resigned over Trump’s interference and how Thomas Modly got his job.
This is much worse than China silencing the whistleblower doctor since it came from Trump himself.
[quote=outtamojo]
That’s just par for the course. You suck his balls and war crimes are ok.[/quote][/quote]
You are changing approach and deflecting on your error.I am not covering Trumps butt. I will attack him for what he does, however I will not prosecute him for things underlings do trying to use him for cover.
Trump should have stayed silent on comments with respect to supporting Modly’s decision.. which would have prevented him from doing a quasi-retraction shown in your first reference:
In a press briefing Monday, Trump suggested he might revisit Crozier’s case, saying that although he thought the letter shouldn’t have been sent, he didn’t want to destroy somebody for “having a bad day.”
This may also mean that Trump’s feelings are that Modly’s days are done.. and that Trump may be trying to make it look like a more coordinated hand-over as opposed to a straight firing. Trump already had Modly’s replacement in the pipe.
As I said before, and I reiterate; Modly’s decision was Modlys fault. It put the administration in a tight difficult place because firing the captain makes the administration look bad, firing Modly would make the administration look bad. Damned if you do, damned if you don’t. Unfortunately Trump did what he does too often – open his mouth at the wrong time.
Additional point that supports my contention is from your first article;
Peters, whose district includes Marine Corps Air Station Miramar and Naval Air Station North Island — home port of the Roosevelt — said Modly is side-stepping the department’s weak COVID-19 response and making Crozier the focus of his attention
Scott Peters is representative of 52nd district and is from the Democrat political party.
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