FREE NEWSLETTER

Magoo

    Forum Posts

    Comments

    • Unfortunately, No.

      Post: HSA Tips

      Link to comment from March 5, 2026

    • A good problem to have. :)

      Post: How did you avoid being in the 39%?

      Link to comment from March 5, 2026

    • In retirement, as you likely know, there’s a new element to investing—tax management. I’ve actually enjoyed learning how to manage our investments and distributions in the most tax-efficient way possible. I wouldn’t say it’s a chore or stressful. As odd as it may sound, I find it very interesting.

      Post: How did you avoid being in the 39%?

      Link to comment from March 4, 2026

    • For as long as I can remember, I’ve been interested in investing. As a child, I followed stock price quotes in the newspaper and watched the evening news report the Dow Jones Industrial Average. Back then, the Dow was under 1,000 points. I didn’t begin investing until my early 20s, when I landed my first career job and could finally afford to buy stocks. I purchased my first shares through a local bank’s brokerage department—back when they actually issued paper stock certificates. I also contributed to my company’s retirement stock plan up to the maximum allowed. In my early 30s, I opened a brokerage account and an IRA at Fidelity. Over the years, I consistently contributed the maximum to my 401(k) and IRAs. I still remember our quarterly statements arriving in the mail—some showing losses. I would just chuckle and say, “I hope our accounts grow so we can retire someday.” I was never afraid to invest because I always felt I had time on my side. That long-term mindset made it easier to stay the course through market ups and downs. I eventually retired in my mid-50s. Today, I have a much deeper understanding of how the market works and how to manage my investments—but it all started with a curious kid reading stock quotes in the newspaper.

      Post: How did you avoid being in the 39%?

      Link to comment from March 4, 2026

    • If you're interested, this fraud was also covered on the news. Here is a link to one of the news stations.

      Post: Less Paper, More Fraud

      Link to comment from February 3, 2026

    • It is definitely fraud. My husband's Medicare account was billed for the same thing. He called Medicare to report it and they said it was fraud. It is a $10.6 billion scheme.

      Post: Less Paper, More Fraud

      Link to comment from February 2, 2026

    • The connections is with Mark's taxes. Mark mentioned that his effective tax is 21%, however part of his taxes pays for his health care premiums. If I were to add my yearly medical premiums to my tax liability it turns that the effective tax would be about 3% more.

      Post: Your effective tax rate

      Link to comment from February 2, 2026

    • When I add the amount of money we pay in a year for medical coverage (premiums) to the annual income tax, our effective tax comes out to about 3% higher. 2025 Effective Tax: 14.1%, 2025 Effective Tax which include Medical Premiums: 17.07%.

      Post: Your effective tax rate

      Link to comment from February 1, 2026

    • Thank you! I follow Rob Berger on You Tube. He also did a video on using the RMD distribution method.

      Post: RMDs, account withdrawals, 4% simplified- MAYBE?

      Link to comment from January 16, 2026

    • Yup! That's correct. :)

      Post: How important is planning for Medicare premiums in retirement? VERY!

      Link to comment from January 15, 2026

    SHARE