On 26/04/2010 7:10 PM, Bill McKee wrote:
wrote in message
...
On 26/04/2010 12:59 PM, nom=de=plume wrote:
wrote in message
...
On 25/04/2010 11:10 PM, wrote:
On Sun, 25 Apr 2010 21:18:39 -0600,
wrote:

On 25/04/2010 7:16 PM, wrote:
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??

If you make over $250k the Obama tax increases really smack you.

Rolling it to a IRA shouldn't be a big deal but my roll over wasn't over
$250K so I didn't go there. But I don't remember any such limit. The
key
is making sure the money shows up in the IRA promptly.

If you have a tax pre person, this is a 1 minute question, I would ask.
I
suspect you can roll it over without issue.

Also need to consider vesting if some of it isn't yet vested. In which
case just roll over the vested part.

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


Vesting? That only happens if the company does a match of some of the
money.
Some companies have instant vesting of 401K money. Others require some
sort
of wait.

Why would you be in a 401k if they didn't match? Why not a IRA then? In
an IRA you can self direct it better with a much more diverse set of
options. Hell, I transfered out of the US and left it open for 1 more
year just to vest before I rolled it over into an IRA. It was part of the
equasion.


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

You could put more money in a 401k than an IRA would be one reason. And
watch what you invest the IRA in.

Why would I watch out? IRA is functionally the same as a 401k but
without company BS involvement no? 401k is usually some employer
sponsored thing.

Or am I missing something.

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

"Canuck57" wrote in message
...
On 27/04/2010 1:39 AM, nom=de=plume wrote:
wrote in message
...
On Mon, 26 Apr 2010 18:01:56 -0600,
wrote:

Second, in retirement your income and taxes will plumet.


I have been somewhat retired since 1996. I had some gigs but they were
sole proprietor contracts and I have a pretty sharp pencil on a
schedule C.
The problem is my wife makes a lot of money

Well it is not that big a problem I guess ;-)


Definitely nothing wrong with being a kept man I suppose... suggestion:
continue to be nice to her.

Depends, does she look like a republican or a democrat?
--
Socialism and statism are great as long as someone else pays for it.


You're a horse's ass and still married, apparently.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 7:01 PM, nom=de=plume wrote:
wrote in message
...
On 26/04/2010 12:59 PM, nom=de=plume wrote:
wrote in message
...
On 25/04/2010 11:10 PM, wrote:
On Sun, 25 Apr 2010 21:18:39 -0600,
wrote:

On 25/04/2010 7:16 PM, wrote:
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??

If you make over $250k the Obama tax increases really smack you.

Rolling it to a IRA shouldn't be a big deal but my roll over wasn't
over
$250K so I didn't go there. But I don't remember any such limit. The
key
is making sure the money shows up in the IRA promptly.

If you have a tax pre person, this is a 1 minute question, I would
ask.
I
suspect you can roll it over without issue.

Also need to consider vesting if some of it isn't yet vested. In
which
case just roll over the vested part.

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


Vesting? That only happens if the company does a match of some of the
money.
Some companies have instant vesting of 401K money. Others require some
sort
of wait.

Why would you be in a 401k if they didn't match? Why not a IRA then? In
an IRA you can self direct it better with a much more diverse set of
options. Hell, I transfered out of the US and left it open for 1 more
year just to vest before I rolled it over into an IRA. It was part of
the
equasion.


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


As usual, you don't know much about business or saving.

Go away, people are trying to have an intelligent conversation.

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


As I said, you're an idiot. You know nothing about business or saving.
Basically, you're an out of work, angry guy, who's pretty well stuck.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 7:10 PM, Bill McKee wrote:
wrote in message
...
On 26/04/2010 12:59 PM, nom=de=plume wrote:
wrote in message
...
On 25/04/2010 11:10 PM, wrote:
On Sun, 25 Apr 2010 21:18:39 -0600,
wrote:

On 25/04/2010 7:16 PM, wrote:
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??

If you make over $250k the Obama tax increases really smack you.

Rolling it to a IRA shouldn't be a big deal but my roll over wasn't
over
$250K so I didn't go there. But I don't remember any such limit. The
key
is making sure the money shows up in the IRA promptly.

If you have a tax pre person, this is a 1 minute question, I would
ask.
I
suspect you can roll it over without issue.

Also need to consider vesting if some of it isn't yet vested. In
which
case just roll over the vested part.

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


Vesting? That only happens if the company does a match of some of the
money.
Some companies have instant vesting of 401K money. Others require some
sort
of wait.

Why would you be in a 401k if they didn't match? Why not a IRA then? In
an IRA you can self direct it better with a much more diverse set of
options. Hell, I transfered out of the US and left it open for 1 more
year just to vest before I rolled it over into an IRA. It was part of
the
equasion.


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

You could put more money in a 401k than an IRA would be one reason. And
watch what you invest the IRA in.

Why would I watch out? IRA is functionally the same as a 401k but without
company BS involvement no? 401k is usually some employer sponsored thing.

Or am I missing something.

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


You're missing a lot.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 2:40 PM, Bill McKee wrote:
wrote in message
...
On Mon, 26 Apr 2010 06:10:56 -0600,
wrote:

On 25/04/2010 11:18 PM, wrote:
On Sun, 25 Apr 2010 21:34:40 -0600,
wrote:

On 25/04/2010 7:18 PM, wrote:
On Sun, 25 Apr 2010 17:01:19 -0600,
wrote:

That might not be a bad idea to split them. But make no mistake,
Obama
is trying to scape goat them. Wants to look tough going into
Novemeber
for the PR of it.

I only hope the PR drives their stock down so I can get some cheap.
$10 would do it, $5 would be great.

Come on baby, papa needs a new boat!

Hahaha, you have the right idea. To steal the phrase, "That baby has
to
pay daddy!"

Think, if you bought GS when Obama got elected, you would be up 300%.

Heck, if it drops to $100 just might. But somehow don't think we
will
see $5/share.


GS-A was $20.90 Friday, down about $2 in 2 days. It had been a $25
stock before the crash and dropped like a stone a couple years ago
with everything else. It recovered to $20-22 range. There is no reason
to believe it won't be back again as long as nothing serious happens
to Goldman and I don't expect it to.

Those are depositary shares. The common is GS. Don't know enough to
comment on depositary shares. But a quick look shows they might be
interesting if your after foreign content. But much would depend what
companies it represents and the details as I like a certain amount of
foreign content these days. If the Chinese ever let the Yuan float,
the
USD would fall.


I was just looking for the shares with the most volatility
The preferred stock fit that bill.

Preferred's all over the board are being hit. As the interest rates may
be
suspect.

Yes, but good things to buy if yu thing the company is good and interest
rates have peeked, Then they are priced right. Who knows, gfretwell
might se that $5.


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


And how, pray tell, do you, the (um) average guy tell if a company is "good"
and the interest rates have gone as high as they well? You can't. Not
without extensive research and more smarts than Warren Buffet. That's
happening for you for sure.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 7:22 PM, Bill McKee wrote:
wrote in message
...
On 26/04/2010 3:22 PM, wrote:
On Mon, 26 Apr 2010 11:57:25 -0700, "nom=de=plume"
wrote:

wrote in message
...
On Sun, 25 Apr 2010 21:25:42 -0400, Wayne.B
wrote:

On Sun, 25 Apr 2010 21:16:15 -0400, wrote:

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.

I'm probably missing something here but I believe you should be able
to roll over any amount of 401 money into an IRA without any tax
liability.

I would want it out and pay the taxes now before the rates really go
up.
Maybe a Roth but I am thinking I will just run t myself.
One of these days somebody is going to decide the deficit is
important
and that tax deferred money is just way too attractive.


There are no tax consequences... you have 60 days to roll it to an
IRA.
Withdrawing money from an IRA incurs a tax liability at whatever rate
you're
at. A ROTH is taxed initially, then tax free when you take out the
money.

I am not really interested in a regular IRA. I want to pay my taxes
now and own the money. The Roth really looks the most attractive if I
keep it in a fund..

That might not be a good idea unless you are over 59 1/2 or something.
There are penalties for just hauling it out before that.
--


No penalties if rolling in to a Roth.

Interesting. Take the tax hit and roll it into a ROTH...hm...need to
think about that.



http://www.irs.gov/publications/p590...link1000230568
Do a search on rollovers and roth.

"Canuck57" wrote in message
...
On 26/04/2010 10:46 PM, wrote:
On Mon, 26 Apr 2010 17:52:24 -0600,
wrote:

That might not be a good idea unless you are over 59 1/2 or something.

That is foam in the wake ;-)

How do you mean? I thought if you start taking money out of the IRA/401k
that there was a 10% surtax or something if you were less than 59 1/2.

Me, no tax expert on this. Just seeking to understand. Because if all I
had to do is pay a normal rate of taxes on it, I might start drawing on it
sooner than later.

--


You can roll it into another qualified plan with no penalty. Rolling to a
Roth, will be income taxes, but no penalty.