BoatBanter.com - View Single Post

Canuck57[_9_]

On 25/04/2010 7:16 PM, wrote:
On Sun, 25 Apr 2010 13:26:08 -0700, "nom=de=plume"
wrote:

I suspect the result will be companies like Goldman will be split into
two companies (like they had to be before the Clinton administration).
There will be a brokerage company and a trading company, not one
company doing both..

I think what they did is illegal, but time will tell. Seemsl like splitting
it up wouldn't be such a terrible thing.

--

I think that is a good idea too. I would feel better knowing my broker
was not selling me advice and then profiting by betting against what
he sold me.
I don't really trust any of them so I don't pay for their advice. I am
somewhat depending on them because my pension is an annuity but they
are planning it such that I get paid a specific amount and they still
make a profit. I am not doing something like a 401k where they can
lose my money and still make a profit. I do plan on rolling my 401k
over when I think the market is in a bit better shape. I the magic 59
1/2 but I stalled until the market was in decline, and it was really
too late so I rode it down. I reallocated into the secure package and
then rolled it back into the equities last year. That is probably why
I am not crying like BP. I did lock in most of that 2007 money and
then got to ride the market back up. My real problem is, this will put
us past the evil $250k mark if I try to roll it all at once and the
IRS will come after me.

Pray tell what is the $250K mark? Some penalties? And roll it into
what? IRA? Capital gains amount??

--
Socialism and statism are great as long as someone else pays for it.