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.

On 26/04/2010 12:58 PM, nom=de=plume wrote:
wrote in message
...
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.


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

He would be better off to use a table like this to decide what tax rate
he is better off with:

http://en.wikipedia.org/wiki/Income_..._United_States

33% federal (state extra) is at $171k. Pretty steep grab considering
state and employment taxes extra. 33% at $104k if you are married and
you both have incomes.

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

On 26/04/2010 3:41 PM, nom=de=plume wrote:
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,
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.

Here is a way to beat the tax screwing if you are NOT an American
citizen. Move to a low tax rate country in retirement, Costa Rica and
Panama will do well.

Then yank the whole thing out at one and only pay a flat 25% foreigner
rate. Forget 33% plus state taxes beyond horse ****.

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

"Wayne.B" wrote in message
news
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.


Absolutely correct. Although I doubt they'll change the tax status of the
Roth very much, you never know.

--
Nom=de=Plume

"Canuck57" 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.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 3:41 PM, nom=de=plume wrote:
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,
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.

Here is a way to beat the tax screwing if you are NOT an American citizen.
Move to a low tax rate country in retirement, Costa Rica and Panama will
do well.

Then yank the whole thing out at one and only pay a flat 25% foreigner
rate. Forget 33% plus state taxes beyond horse ****.

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


Why don't you move to Somalia! I'm sure they'd welcome you with open arms.

--
Nom=de=Plume

"Canuck57" wrote in message
...
On 26/04/2010 12:58 PM, nom=de=plume wrote:
wrote in message
...
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.


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

He would be better off to use a table like this to decide what tax rate he
is better off with:

http://en.wikipedia.org/wiki/Income_..._United_States

33% federal (state extra) is at $171k. Pretty steep grab considering
state and employment taxes extra. 33% at $104k if you are married and you
both have incomes.

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


You've got to be truly stupid. That's the only excuse. Really. I guess you
never heard of deductions. Sheez.

--
Nom=de=Plume

"Wayne.B" wrote in message
...
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.


Yeah, you really have to be careful with bonds, as you said. If you're in
your 50s/60s, you should still be significantly in stocks (not individual
stocks unless you're able to take the time to really check out companies ala
Warren Buffet style).

--
Nom=de=Plume

"Canuck57" 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.

"nom=de=plume" wrote in message
...
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

Why not **** about the excess taxes when you make +$250k? You must never
had a great year as an attorney. When the state and Feds take about 1/2
your money you have a bought the right to bitch. If you are a California
resident married, no children at home and lets say you get a windfall of
$200 stock option. The Feds will take 35% taxes, 1.5% Medicare tax and the
State of California will take 10%. Nice, $46.5% of your money just went to
government entities. Where a family of 4 making $50k pays no income tax.
They and their kids get a free ride. No wonder they like Obama and
government stimulus checks, and spending. They forget that the excess
spending is going to cause inflation and massive debt for those children.