Where does the Goldman Sachs money go??
 

wrote in message
...
On Sun, 25 Apr 2010 17:01:19 -0600, Canuck57
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!


Heh..

--
Nom=de=Plume

Where does the Goldman Sachs money go??
 

wrote in message
...
On Mon, 26 Apr 2010 06:10:56 -0600, Canuck57
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.

Where does the Goldman Sachs money go??
 

wrote in message
...
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..


I certainly agree. Unfortunately, converting IRAs to Roths is a tricky
business, since there's an income cap (or was). You also have to assume that
the value of the investment will exceed the cost of the conversion. I'm
guessing you're retired (mostly?), so the income issue wouldn't be a
concern.

--
Nom=de=Plume

Where does the Goldman Sachs money go??
 

wrote in message
...
On Mon, 26 Apr 2010 11:58:13 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Sun, 25 Apr 2010 21:18:39 -0600, Canuck57
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.


Untrue. It's a small increase. Those over $250K hardly care. At least
that's
my reaction anyway.

If you really "make" over $250k I agree but if you just get slammed
into the $250k bracket for a one time thing it seems more painful. I
do understand there are averaging tricks but I am trying to keep it
simple if I can.



Anyone who is close to the $250K line isn't going to be hanging themselves
in the garage over the tax diff. if they should actually have reported
income over that amount.

--
Nom=de=Plume

Where does the Goldman Sachs money go??
 

On Sun, 25 Apr 2010 17:07:18 -0600, Canuck57
wrote:



So is what you are saying is Obama is misusing the powers of his office
to pick on companies that contribute to GOP?

well, both the GOP and those companies are criminal activities.

so why not?

Where does the Goldman Sachs money go??
 

On Mon, 26 Apr 2010 17:22:00 -0400, wrote:

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..

Although I understand your concerns for the future, it is generally
not a good idea to pull money out of a 401 unless you roll it over to
an IRA.

There are at least two good reasons for that advice:

1. In a 401 or IRA you can adjust your portfolio at any time without
regard for the tax consequences. This is a huge advantage when
considering whether or not to lighten up on equities in the face of a
major market decline.

2. Your gains compound forward without a tax hit. I'm sure you're
aware of that, but do the math sometime and get an appreciation for
how much difference it makes over time.

It is true that a Roth IRA confers the same advantages but, you have
to be eligible for a Roth IRA, and you will take a one-time tax hit on
the conversion. It's important to remember that the tax status of a
Roth IRA could change in the future also.

Where does the Goldman Sachs money go??
 

On Mon, 26 Apr 2010 13:40:43 -0700, "Bill McKee"
wrote:

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.

Preferreds and long bonds will both take a big hit when (not if)
interest rates start to rise. Convertible preferreds offer more
protection on the downside if the underlying common is solid.

Where does the Goldman Sachs money go??
 

On 26/04/2010 12:57 PM, 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.

But if I remeber correctly, ROTH is only tax free on principle and for
gains you have to waith until 59 1/2 or something.

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

Where does the Goldman Sachs money go??
 

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

Where does the Goldman Sachs money go??
 

On 26/04/2010 9:51 AM, wrote:
On Mon, 26 Apr 2010 06:21:27 -0600,
wrote:

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.

I want to just pay that tax now, not wait to see what happens later. I
do not believe that BS that the tax will be lower later, particularly
since the tax rate is lower than it ever was. That will change.
I am going to get a good look at my tax position and the value of the
401k later this year and make a decision then. I may split it up, put
some in a Roth, take some out and leave the rest alone till next year.

I will predict they will raise taxes but two things to consider.

First, it will not be for long, it will crater the econonomy. I give it
2-3 years and it will come back down. Especially if you get a cost
cutting repulican in 2012 with a right wing congress with lots of new faces.

Second, in retirement your income and taxes will plumet. No more
employment taxes and what you do pull is taxed in the lower bracket.

Say you had $500k in cash yeilding 5%.
And you had a IRA/401k yeilding 5%.

Then take out $25 cash and $30k IRA/401k, split income with wife and pay
very little taxes as it is mostly dividends and interest. If the greedy
buggers do what they do in Canada, tax back the governemnt pension if
you make over $55k you are sitting in the sweet spot.

One hazard of having investments outside of IRA/401k is it is hard to
predict your taxable income. Say some stock gets bought out and clocks
you with a $80k gain? If the IRA grows, you pull out just to top out
to the lower tax rates.

Mind you, if you plan to leave the USA for the rest of your life and
forget Obamanation, slid it out on Dec 31st and Jan 1st to at least
split it in half over two years. Get much past a upper middle class
income and you can feel the tax screws turn on your head.
--
Socialism and statism are great as long as someone else pays for it.