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But remember, that ample income will keep flowing to you even after you’ve gotten all your money back if you live long enough. (Once that happens, the payments become fully taxable.) That’s the longevity insurance aspect. Suppose Mr. and Mrs. Doe, both age 65, purchase a joint...
Warning: If you decide to move your money out of Fidelity Go in a taxable account, they will force you to sell all your proprietary Flex fund shares and potentially incur capital gains taxes.If you just owned regular ETFs or mutual funds, you should be able to export the shares “in-kin...
Here is a hilarious chart of me buying the dip in VTI while it keeps on dipping. What a bummer. But I plan to continue buying in this taxable brokerage account as it has a 20+-year time horizon. There are no commissions so buying small positions is easy. Further it feels good to ta...
If our effective tax burden is greater than zero, then it is better to have more funds in Roth IRAs and to have a higher basis in taxable accounts. This is accomplished via Roth conversions and Capital Gain Harvesting. When the market was way down in March/April 2020 I converted ~$17k ...
Taxable Income: AGI minus deductions (Standard or Itemized). Tax on Ordinary Income: Calculated tax burden on ordinary income. Tax on Qualified Income: Calculated tax burden on qualified income. Total tax: The sum of tax for both Ordinary and Qualified income. ...
There are two ways I could do this: buy houses in cash, or cut the money up into lots of little down payments and take out a bunch of mortgages. Because I’m 27, I’m going to take out a bunch of mortgages. That’s right …If I had a million dollars, I’d go into debt. ...
FK –The short answer is the sheeple love money, the real god of this world, as much as the rich, so they admire the rich. Trump knows how to talk down to them for whatever real reason. But do a majority of voters yet know what the ‘deep state’ really entails? Not likely. I’...
Jeremy: When you save the ten years and a day kind of thing, when you save enough money to fund 50, 60 for your retirement in ten years and then you look at the IRS limits for contributions to 401k’s and such, most of your money is going to end up in the taxable account. So ...
On the same note,another reasonable fact support the argument is that when the people, who are aged right now, have some kind of taxable contribution towards the country which should help them back by showing little courtesy from governing bo...