Recent content by marinauser

We have Medjet. Have kept it up since it was previously supplied by employer and know of at least two people I worked with that have needed to use it.

One concern I always have when someone proposes a very thin retirement is inflation. That $1million you may have in five years is really only worth about $900 thousand or less at that point because your costs will have increased by the rate of inflation.

Just smile and go on with our lives. The only impact ACA has had on us was to increase our taxes to pay for the supplements that others have enjoyed.

9.14% Federal effective tax rate.

Well if you are talking about a contribution to a traditional IRA, you would be converting capital gains taxed at a favorable rate into ordinary income. I sure would not do that.

There are two types of escrow so it is important to know which type the posters are referring to. Escrow for the sale usually means the company that takes in all of the money paid during the sale and then distributes that money to where it needs to go - the seller, the mortgage company, any...

I am not sure why anyone is talking about tax loss harvesting in a 401k rollover - IRA? Selling at a loss in a rollover account is simply to avoid further losses. All of those assets are taxed as ordinary income as they are withdrawn. If the Tesla stock is less than 2% of OP's assets, I...

Not sure why anyone thinks that you can tax loss harvest in a 401k rollover. That money will all be taxed as ordinary income as you withdraw. Selling the stock just means that you have less money to withdraw eventually. The real question for me is what percentage of the OP's overall assets is...

When we quit working, we started taking all distributions in cash. Most of the big distributions are in December. The first of the next year, we decide how much cash we need for the year and any leftover gets invested based on our desired asset allocation.

If I remember correctly from reading the documentation for the program, the dividends that are paid on the loaned stock do not go to the lender but to whoever has borrowed the stock. Schwab makes the lender whole for the lost dividends but this converts them to ordinary income rather than tax...

Assuming the business minded child had continued to go to college, when would you have made any decisions about distributing left over funds. I suspect not until that last child finished school. So why not wait until that date to make a decision. If the child has not returned to school, then...

My only issue would be that you don't really have a 10 year horizon except for the first year. Are you willing to adjust your tactics as your horizon declines. For instance what you want to do today may be substantially different in 6 years when your horizon is only 4 years. If not, are you...

Auto theft is a big reason in Chicago. 2019 auto thefts were about 8,500. Then recreational marijuana is legalized and in 2020 Chicago institutes a no chase policy. Gangs lose marijuana sales and resort to thefts, robbery and burglary. So far this year, almost 26,000 auto thefts so Chicago...

As noted above - DUE - the website where the article is published - is an annuity company - probably enough said.

2022 Expenses: Category2022per Month Prop Tax$17,548$1,462.33 Insurance$3,938$328.17 Electric and Gas$3,265$272.08 HOA$3,015$251.25 Landscaping$433$36.08 Water$0$0.00 Internet$600$50.00 Security$360$30.00 Home Repairs$201$16.75 Totals$29,360$2,446.67 Of course 2023 will be a different...