Nice try! I should have mentioned it in the article but investor relations (people and website) can sometimes be helpful for shares in individual companies.
Sorry you lost your Mom but 100 is a great achievement! If you inherited her longevity, it can help with planning decisions (e.g., Social Security and annuities).
Ouch - sorry! Demutualizations are complicated and the IRS has taken some tough stances on these cases. Note: Some custodians will permit borrowing against portfolio values. It always depends on the broader situation but if the total cost of borrowing (~rate x years) is less than the capital gains taxes, that could be a viable route. Good luck!
Apologies to all who responded. I did not receive notifications but should be going forward. A few thoughts on these comments:
Now we have now seen the negative impact of inflation on asset prices but the silver lining is higher rates (and slightly higher dividend yields) now. It is always important to address inflation risk with portfolio strategy (e.g., long-term stocks or TIPS), SS strategy, and/or other products.
100% agree re: your home being a potential source of liquidity and not leaving millions in your estate!
I was just making a specific point here but variable withdrawal rates are regularly part of the conversation
Planning around SS + Roth conversions + withdrawal strategies is important for most people
I do not believe in a perfect methodology but I like to calibrate SWRs to actuarial tables, valuations, and interest rates.
Comments
Nice try! I should have mentioned it in the article but investor relations (people and website) can sometimes be helpful for shares in individual companies.
Post: What Did We Pay?
Link to comment from July 18, 2023
Spot on ... and if she passed on the weekend or holiday, you do the same calculation for the business days before and after and then average those.
Post: What Did We Pay?
Link to comment from July 18, 2023
Sorry you lost your Mom but 100 is a great achievement! If you inherited her longevity, it can help with planning decisions (e.g., Social Security and annuities).
Post: What Did We Pay?
Link to comment from July 18, 2023
Are you open to job opportunities? Kidding aside...sorry about the divorce but glad you are good at recordkeeping!
Post: What Did We Pay?
Link to comment from July 18, 2023
Ouch - sorry! Demutualizations are complicated and the IRS has taken some tough stances on these cases. Note: Some custodians will permit borrowing against portfolio values. It always depends on the broader situation but if the total cost of borrowing (~rate x years) is less than the capital gains taxes, that could be a viable route. Good luck!
Post: What Did We Pay?
Link to comment from July 14, 2023
Apologies to all who responded. I did not receive notifications but should be going forward. A few thoughts on these comments:
Post: Not Just a Number
Link to comment from July 14, 2023
You are correct. FWIW - Donor-advised funds can be useful so you can get the tax benefit even if you have not yet decided which charity.
Post: What Did We Pay?
Link to comment from July 14, 2023