No.
The Economy (2020/21)
- Thread starter rideit
- Start date
MRD doesn't kick in until retirement.
my wife has an inherited IRA and she is required to take MRD.
For 5 years, right? JBP’s RMDs are the required ones at 70.5 or 71.5 or whatever it is this year normally.
no, MRD's are required for inherited IRA's annually.
Or over 5 years if via the other calculation.
Inherited IRAs: RMD rules for IRA beneficiaries | Vanguard
Learn how RMD impacts your inherited IRA as an IRA beneficiary. Discover essential insights on managing your retirement savings.
investor.vanguard.com
oh that. yea our CFP advised against that.Or over 5 years if via the other calculation.
Inherited IRAs: RMD rules for IRA beneficiaries | Vanguard
Learn how RMD impacts your inherited IRA as an IRA beneficiary. Discover essential insights on managing your retirement savings.
"...we now have 28 years of experience with Reaganism. The average income of the bottom 90% of Americans is today what it was back in 1980, when you adjust for inflation, and the incomes of the top tenth of 1% and above have gone through the roof. It doesn’t work. It works if your goal is to take from those with less to give to those with more. But fundamentally, it doesn’t work."
fair.org
‘These Devices Making the Super-Wealthy Super-Wealthier Will Have to Come Apart’
"We now have 28 years of experience with Reaganism. The average income of the bottom 90% of Americans is today what it was back in 1980, when you adjust for inflation, and the incomes of the top tenth of 1% and above have gone through the roof. It doesn't work."
fair.org
Why the fuck would you do that? Have you never heard of inflation? There are investment options between cash and stock that have different levels of risk/reward. Even in retirement you still need enough growth to, at the minimum, try to offset inflation (~2.25%/yr) let alone get growth to counter your down years.
They start at age 72 and go up slightly every year.
You had the option with Inherited IRAs to draw 100% within 5 years or if you set up RMD's within 1 year (iirc), you could do a "stretch" IRA and extended it on your life expectancy.
SECURE Act changed everything for RMD's going forward. New RMD's are not required until age 72, unless you are already drawing them. If you have an inherited IRA that you had prior to 1/1/20, you can continue your "stretch" IRA annual RMD payout rate. Going forward however, the longest you can make an Inherited IRA last (with some exceptions) is 10 years.
The Recession Bread Lines Are Forming in Mar-a-Lago’s Shadow https://www.bloomberg.com/news/articles/2020-04-04/the-recession-bread-lines-are-forming-in-mar-a-lago-s-shadow
Sure matches the red county outline there pretty well there...
Bittersweet irony, I just got my biggest ATM check ever for February. It may very well be the last one I ever get.
"the economy" = "rideit's current income stream"
Hey, I made a few thousand last week!
but yeah...both of my gigs are dead as a door nail except for being a landlord. Luckily our tenants have government jobs.
but yeah...both of my gigs are dead as a door nail except for being a landlord. Luckily our tenants have government jobs.
sounds rough
Treasury yields are SUPER super low.
www.treasury.gov
Given this why are we not making the money printer go brrrrrrr for the benefit of us proles much more?
Interest Rate Statistics
NOTICE: See Developer Notice on February 2022 changes to XML data feeds. Daily Treasury PAR Yield Curve Rates This par yield curve, which relates the par yield on a security to its time to maturity, is based on the closing market bid prices on the most recently auctioned Treasury securities...
www.treasury.gov
Given this why are we not making the money printer go brrrrrrr for the benefit of us proles much more?
Turns out I might have been wrong.
Data Shows Basic Income Recipients Spent The Money On “Literal Necessities” - Zaysan
a universal argument made by Universal Basic Income (UBI) that the recipient uses the money for unpaid purchases, which are unconditional periodic payments to
www.zaysan.com
You better have the whole damn nut in cash, cause there ain’t gonna be no damn reasonable mortgages.
Where I'm going, I don't need cash (but yes, I have some). #VA
House prices are in large part determined by rates. If people can't get loans, because banks won't take large loan risks, prices will be forced downwards. It's part of why houses until the 90's were reasonably priced. If you can only spend $2000/m on a mtge, and it's common across the market, but rates are so high interest makes up 90% of that, prices will be forced down. It's just math.
The dynamics are a little different here in LaLa land, but yeah.
even in the downturn a few years ago there was always someone with more cash or access to mega Jumbo loans to prop the pricing up.
Living under a sham of perceived value, where a "starter" home costs 400K. Few shits given. Bootstraps.
Watching the median...or hell, average, price of homes rise to more than what a person earning a "normal" income will earn in any reasonable amount of time (like in the Bay Area, for starters, but really, ANY place these days that anyone wants to live)...few shits given. So many people are obsessed with buying a house and that being an investment that will get them "set" for life. Again, few shits given if that falls apart. This market has been propped up and hyper-inflated for decades and it's due for a collapse. Your 300K investment turning into 700K locked many other people out of owning a home...so F-you when it falls apart.
Pssst, Jm
Your buddy kidwoo here. I'm not not with the rest of these assholes. I build guillotines with squeebs. Remember? I think you're thinking of Brian.
Your buddy kidwoo here. I'm not not with the rest of these assholes. I build guillotines with squeebs. Remember? I think you're thinking of Brian.
MIL-SPEC guillotines. This ain't no half assed shit were building over here.
So over priced, over complicated with a rediculous number of redundant pointless features and to be delivered in 10-12 years time?
Aviati..... I don't care what your sniffing! Better bloody well have a good chemtrail dispenser built in then..... and software that's looking for a fight with you.
In this case he's getting ahead of himself.
Need to adopt ASE standards, develop a simple, cheap and easily produced design. One in every town square, mini-mall, golf course, yacht club and country club.
No big deal if the blade hangs up every once in a while. Adds a bit of drama.
They already make those, just in a mobile version.
Refine your swing and it will eliminate the need for multiple hacks.
I have been a proficient user of a machete since I was 10. The guillotine is a tool of the people, not an individual.They already make those, just in a mobile version.
Refine your swing and it will eliminate the need for multiple hacks.
But who will look out for the millionaires?