I have watched several of Sean Mullaney's videos and I understand his takes but I have to say it all depends on your own situations (age, single or married, total $$$ in your pre-tax accounts). That's why I told my daughter to choose Roth 401K.
I see Circular AI financing in the current market. It is similar to the dot.com. The company I worked for at the time was one of the players doing the financing. I don't own all 7 stocks but I am aware of the need to reduce my stocks allocations.
After 2000 dot.com bust, my company started laying off employees big time. I talked to my husband and decided it was time to get a HELOC loan for just in case. At the time, there was a Bank of America branch in my work building, so I went there and got a loan just on my name only.
The day after I signed the HELOC papers, there was a big layoff and my coworkers from the next office were all laid off. I kept this HELOC for many years after that and paid only $50 admin fee per year. Eventually, I cancelled it.
Do you think it is fair that your neighbors pay twice the amount of the property tax but with a lot smaller house than yours, just because they move into this neighborhood 25 years later than you? Have both of you used the same public services?
I am not a "couch potato" type person in terms of manage my portfolio but I did take advantage of the higher CD rates in the last few years and add them into my fixed income portfolio while doing annual Roth Conversion.
Comments
I have watched several of Sean Mullaney's videos and I understand his takes but I have to say it all depends on your own situations (age, single or married, total $$$ in your pre-tax accounts). That's why I told my daughter to choose Roth 401K.
Post: Something to Think About
Link to comment from April 26, 2026
The money intended for LTC should stay in the pre-tax accounts.
Post: Something to Think About
Link to comment from April 26, 2026
Besides, I will only convert 50% of my traditional IRA/401K to Roth if I can because the other 50% is intended for my future Long Term Care expenses.
Post: What Would You Do?
Link to comment from January 11, 2026
I did not know IRMAA can be used as a deductible medical expense until I read one of Dick's previous posts.
Post: Enough with IRMAA complaining
Link to comment from December 30, 2025
I see Circular AI financing in the current market. It is similar to the dot.com. The company I worked for at the time was one of the players doing the financing. I don't own all 7 stocks but I am aware of the need to reduce my stocks allocations.
Post: Becoming A “Bad Investor”
Link to comment from December 17, 2025
The U.S. dollar has been losing value against other foreign currencies for some time.
Post: 27 Months
Link to comment from December 13, 2025
After 2000 dot.com bust, my company started laying off employees big time. I talked to my husband and decided it was time to get a HELOC loan for just in case. At the time, there was a Bank of America branch in my work building, so I went there and got a loan just on my name only. The day after I signed the HELOC papers, there was a big layoff and my coworkers from the next office were all laid off. I kept this HELOC for many years after that and paid only $50 admin fee per year. Eventually, I cancelled it.
Post: Would You Raid the Piggy Bank or Mortgage the House?
Link to comment from December 13, 2025
Do you think it is fair that your neighbors pay twice the amount of the property tax but with a lot smaller house than yours, just because they move into this neighborhood 25 years later than you? Have both of you used the same public services?
Post: Property taxes, our schools, our towns and seniors. Shared responsibility.
Link to comment from November 30, 2025
I am not a "couch potato" type person in terms of manage my portfolio but I did take advantage of the higher CD rates in the last few years and add them into my fixed income portfolio while doing annual Roth Conversion.
Post: Optimizer or Satisficer?
Link to comment from November 1, 2025
That's why we all should educate ourselves on these important rules. At least we can mention to our CPAs, tax preparers.
Post: Rule of 55: Early Retirement
Link to comment from November 1, 2025