I think it's [email protected]
Investors....come in please!
- Thread starter Last_Z
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Thanks GM - yep - I submitted.
My specific gripe is FINL, Cramerica went crazy on this one BUY BUY BUY - the stock has done nothing but tank since.
My specific gripe is FINL, Cramerica went crazy on this one BUY BUY BUY - the stock has done nothing but tank since.
P. I've seen more often than not, a spike in Cramer's picks at first. This must be avoided at all costs. I've bought some of his picks, but only after following for a few weeks.
I'm thinking MSFT might be a dog for the near future. It's drifting down and I don't like its action. Looking for a stop loss number right now.
I'm thinking MSFT might be a dog for the near future. It's drifting down and I don't like its action. Looking for a stop loss number right now.
I agree, but FINL didn't even spike!
MSFT doesn't scare me too much, I'll just let her drift down and do an easy mo back. If it get's below 25 again - bargain!
Who has a position in AMZN?
Who has a position in AMZN?
Like a LSD spiked punch, spiked football, or spiked collar?
My bonds rallied very nicely. I'm a freaking trader, pursuing yield.
My bonds rallied very nicely. I'm a freaking trader, pursuing yield.
Hey cramer spoke of FINL today, Said to do a mo back.
look for spike in MSFT, they've sold their interest in MSNBC
Ok, I guess I didn't make myself clear. I'm not looking for stock picks. I've done well at managing my money over the years. In fact, I've done well enough that I now need to find ways to shelter my assets long term in the best way. I have an accountent who has guided me well with short term asset managment. Soon I will be looking for a tax lawyer to set up a long term plan. Whatever I do will be wrapped in a living trust.
Ok, here is the deal.
I have a 401K from my last employer. I have an IRA with our Credit Union.
In 2 years at age 70 1/2 I will be required to start taking regular disbursments from these, and of course pay taxes on them. I don't need this income now, and I don't forsee that I will need it in the near term. What I'm looking for is the best way for me shelter it so as to not raise my taxable income.
An important part of this is that my wife, who is 10 years my junior, has investments as well, including a 401K. She does not have an IRA, so one option is to open one for her and dump my disbersments in there.
The single overriding issue here is that we both have health problems and this is an important fact in how we manage our assets.
I want to be as knowledgeable I can when I go to the lawyer.
Like I said before, this may not be the best place for this. I could always open a new topic, or move to a more relevent form.
Thanks,
Wayne in Clt.
Ok, here is the deal.
I have a 401K from my last employer. I have an IRA with our Credit Union.
In 2 years at age 70 1/2 I will be required to start taking regular disbursments from these, and of course pay taxes on them. I don't need this income now, and I don't forsee that I will need it in the near term. What I'm looking for is the best way for me shelter it so as to not raise my taxable income.
An important part of this is that my wife, who is 10 years my junior, has investments as well, including a 401K. She does not have an IRA, so one option is to open one for her and dump my disbersments in there.
The single overriding issue here is that we both have health problems and this is an important fact in how we manage our assets.
I want to be as knowledgeable I can when I go to the lawyer.
Like I said before, this may not be the best place for this. I could always open a new topic, or move to a more relevent form.
Thanks,
Wayne in Clt.
Ok, I guess I didn't make myself clear. I'm not looking for stock picks. I've done well at managing my money over the years. In fact, I've done well enough that I now need to find ways to shelter my assets long term in the best way. I have an accountent who has guided me well with short term asset managment. Soon I will be looking for a tax lawyer to set up a long term plan. Whatever I do will be wrapped in a living trust.
Ok, here is the deal.
I have a 401K from my last employer. I have an IRA with our Credit Union.
In 2 years at age 70 1/2 I will be required to start taking regular disbursments from these, and of course pay taxes on them. I don't need this income now, and I don't forsee that I will need it in the near term. What I'm looking for is the best way for me shelter it so as to not raise my taxable income.
An important part of this is that my wife, who is 10 years my junior, has investments as well, including a 401K. She does not have an IRA, so one option is to open one for her and dump my disbersments in there.
The single overriding issue here is that we both have health problems and this is an important fact in how we manage our assets.
I want to be as knowledgeable I can when I go to the lawyer.
Like I said before, this may not be the best place for this. I could always open a new topic, or move to a more relevent form.
Thanks,
Wayne in Clt.
Ok, here is the deal.
I have a 401K from my last employer. I have an IRA with our Credit Union.
In 2 years at age 70 1/2 I will be required to start taking regular disbursments from these, and of course pay taxes on them. I don't need this income now, and I don't forsee that I will need it in the near term. What I'm looking for is the best way for me shelter it so as to not raise my taxable income.
An important part of this is that my wife, who is 10 years my junior, has investments as well, including a 401K. She does not have an IRA, so one option is to open one for her and dump my disbersments in there.
The single overriding issue here is that we both have health problems and this is an important fact in how we manage our assets.
I want to be as knowledgeable I can when I go to the lawyer.
Like I said before, this may not be the best place for this. I could always open a new topic, or move to a more relevent form.
Thanks,
Wayne in Clt.
I would say if you put the assets into a joint IRA you may not have to begin withdrawals by law.
I hope that both you and your wife enjoy better health soon.
I hope that both you and your wife enjoy better health soon.
Open a new thread. You'll get more responses.
What the heck is a joint IRA? I did'nt see that anywhere in the docs I got from the Credit Union.
As far as our health, it is what it is, we're getting old. I'm walking again. Things could be worse.
As far as our health, it is what it is, we're getting old. I'm walking again. Things could be worse.
Bottom line is you'll have to pay some taxes. Just try to minimize the amount of "income" for the year and you'll be fine. You already knew that.
I have no concept of your tax bracket or assets, but muni bonds might be a play for you. Decent income, no taxes.
Have you thought about a trust?
I have no concept of your tax bracket or assets, but muni bonds might be a play for you. Decent income, no taxes.
Have you thought about a trust?
Hi Wayne, glad you're walking better, and here's to better future health.
Unfortunately Uncle Sam has written these IRA regs so that they are indeed a 'retirement' fund, and not a vehicle to shelter estate funds. You are forced to withdraw the minimun amount at 70.5 years, and I don't know any way to avoid taxes on it.
However, you can give gifts of $10,000 (soon to be $11,000) to anyone, tax free, once a year. So you could take the IRA withdrawal funds and give away that much to your wife, kids, grandkids, friends, me
I'll kkep my eye on it, LubeOiler. It's thinly traded but has some positive technical indications.
Lost my az$ yesterday. May need a microscope to find it.
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