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Quote:
Originally Posted by
frugal-one
This had a useful viewpoint. It talks about the main two reasons to use RMD’s:
1. You need it for living expenses
2. You want to preserve assets.
I am in category #2. I’m interested in his advice which is to take the RMD (because we have to) and plug it right back into the same investment vehicle it came out of. His reason is if your mix is already set up to be good, this preserves the mix of assets.
That makes logical sense. Although for me, it’s not especially good advice because my asset mix is not sophisticated or thoughtful. But this sounds simple so this may be the route I go.
Related to RMD‘s, there’s some sort of “in-kind “ deal you can make with your RMD where you move specific stock into another account. I have only a vague understanding of this, but it seems to be useful only if you have a specific stock or specific assets you do not wish to sell.
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It was a helpful article indeed.
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We dollar cost averaged in, and we are dollar cost averaging out.
We do not try to time the market. We take it out of each IRA monthy and make sure we account for taxes, to exceed the RMD. There is a penalty of 25% of the RMD shortfall if you do not take the minimum. We check towards the end of the year and guesstimate our taxes for the year and take out the max before it pushes us into the next tax bracket and put it into regular savings.
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Not sure if doing the right thing but decided to take lump sum now since market is down and will dollar cost average next year. Did take 10% out for taxes. We took the RMD figured by Vanguard. flowerseverywhere are you saying there is a penalty if taxes are not figured correctly or just RMD amount?
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okay----i'd realkly liketa get my hands on one a them ol' Saab 92's that look kinda like a beetle back, but have a v4- 2 stroke motor and 4-speed stick on the column and are very utilitarian(even has manual windows, so how about that?>). But so far, they are out of my price range. Anyway---i'm working on refurbishing my El Camino. Crawled under there and pulled the rear end out and put it in another parts car to make it a roller. I'vbe got a 3.42 ration open that i've had prolly 30 years, and a set of aluminum drums w/shoes and a china posi for it. Just need extended nice weather to piec it together. Also, pulled the rear upper control arms to derust, box, and rebush and paint. i already did a set of rears i t5ook offa a cammerrow about 10 years ago. Plus, a sway bar and a new gas tank. Plus, gonna splice a small piece into the frame where it rusted through and wire-brush and seal coat the underside of the vehicle, so it'll outlast alla them disposable subbaroos and ford suv's you kids seemta worship. yup. I was kinda rethinking the irrania situation, but now seeing how the rulers of that country is reacting spitefully against it's neighbors in the region makes me think Triump is doing the right thing. Regime change, regime change, regime change. And get rid of the ayatollah-types, for good. Hope that helps you some. Thankk mee.
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Hope you feel the effects lbb. That should help you some.
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$3.59 here today. I did a lot of driving a couple of years ago when gas was in the same price range and it definitely took a bite into the budget. I remember news features back then with people filling up their big fancy SUVs/trucks or what ever and then complaining about making ends meet. Americans love their cars.
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Stock market down another 740 points. Moron trump trying to blame past presidents for his insane antics. He is a dottering fool!
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Pam Bondi 2/11: "“the Dow, the Dow is over 50,000 dollars”
Dow 2/10 - 50,512 high
Dow 3/12 - 46,662 low
7.62% decline
