CharlesUFarley
Favorite team: | Auburn |
Location: | Daphne, AL |
Biography: | |
Interests: | |
Occupation: | Drives and PLC Guy (Mechanical Engineer) |
Number of Posts: | 216 |
Registered on: | 1/13/2022 |
Online Status: | Not Online |
Recent Posts
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re: Retirement investment options and expected return
Posted by CharlesUFarley on 5/11/24 at 11:11 am
That 1 for 2 reduction only applies to earned income from a job or business, not unearned income from investments and retirement assets.
However, unearned income does result in a part of your SS benefits being taxable income, and in one of the most unfair twists in tax law I can think of, for a...
re: In Orange Beach this week and noticed dry aged ribeyes at Rouses
Posted by CharlesUFarley on 5/10/24 at 10:16 pm
If you pass through Roberstdale, try Farm Fresh Meats. Everything from there is excellent. I haven't been there in a while, but they did have dry aged the last time I was there....
re: Retirement investment options and expected return
Posted by CharlesUFarley on 5/10/24 at 4:13 pm
Mine is mostly stock with about two years of current spending in cash and one year in a floating rate fund. However, I am getting an annual payout from an ESOP over the next four years which will be in cash, and each payment will be in the neighborhood of two years of my spending. So I will reallo...
re: Saving More for Retirement - Trad IRA vs Normal Brokerage Account
Posted by CharlesUFarley on 5/10/24 at 3:54 pm
You should consider your top marginal income tax rate now and what you expect it to be in retirement. You don't know what the rates will be in the future, just use today's rates, or go back and use the Obama rates. It probably works the same.
Use a reasonable rate to project your tax deferred 4...
re: Sell, Ship or Store vehicle?
Posted by CharlesUFarley on 5/9/24 at 5:39 pm
If it has a traditional automatic transmission and you just let it sit without properly preparing the transmission, you will probably have to replace or rebuild the transmission when you return.
If it has a tank mounted fuel tank. same thing.
...
re: Mike Johnson: If I Had Been Removed, Iran Could Have Launched Nuclear Missiles At Israel
Posted by CharlesUFarley on 5/9/24 at 4:23 pm
[quote]Are you saying the House led by Johnson loosened sanctions on Iran and such?[/quote]
No, but Biden did, and the intelligence community that would have warned Johnson about Iranian Nukes works for Biden and would surely have objected to giving Iran money to fuel their nuclear ambitions....
re: Mike Johnson: If I Had Been Removed, Iran Could Have Launched Nuclear Missiles At Israel
Posted by CharlesUFarley on 5/9/24 at 4:03 pm
Why does he expect anyone to believe this when we just loosened sanctions and gave Iran billions of $ to further their terrorist and military goals? Surely if such dire intelligence exists, our intelligence community would have prevented that. At the very least, the intelligence community would be...
re: Expiration of “Trump” tax cuts
Posted by CharlesUFarley on 5/7/24 at 12:46 pm
Don't forget: the Obamacare Cliff also returns at the same time....
For a lot of people, that will be bigger than the sunset of the Trump Tax Cuts, though I think your $200K family example may not get burned, a 150 K family who needs Obamacare may feel a big bite....
re: Speaker Jonson is having sleepless nights after betraying his party
Posted by CharlesUFarley on 5/7/24 at 12:29 pm
He's probably worrying about the monster under his bed that is waiting to get him....
re: Best Method to Save for Childrens College?
Posted by CharlesUFarley on 4/29/24 at 1:01 pm
If you have a lot of money in a traditional or rollover IRA, you might also consider a Roth conversion or a series of Roth conversions. If your conversion has been in your Roth for five years, you can get the conversion amount tax free without penalty. That's one reason why it is often better to ...
re: Did the Dems love Russia and hate Reagan during his presidency?
Posted by CharlesUFarley on 4/24/24 at 5:27 pm
[quote]Where do you people get this horse shite?[/quote]
By living through the 1980's.
Do you remember the 1980's made for TV movie called "The Day After" which aired in 1984, an election year, showed the nuclear destruction of the United States, and imitated Reagan's voice in a post apocalyps...
re: Did the Dems love Russia and hate Reagan during his presidency?
Posted by CharlesUFarley on 4/24/24 at 4:58 pm
[quote]Where do you people get this horse shite?[/quote]
Mostly from being alive and listening at the time those two did that....
re: Family of man killed when police fired 96 times during traffic stop file wrongful death
Posted by CharlesUFarley on 4/24/24 at 3:35 pm
[quote]Anything over 95 shots is clearly excessive[/quote]
I suspect you are being sarcastic, but some people won't get it, so google "Miami Shootout" and reply as to what the appropriate number of shots should be....
re: Student Loans
Posted by CharlesUFarley on 4/24/24 at 1:18 pm
Now that I know the loans are in your name:
If I personally found myself in your shoes I would make minimum payments until I was age 59.5 then pay them off from my Roth IRA. No tax impact. You can also take out your Roth contributions at any age and pay them off if you have enough.
If ...
re: Did the Dems love Russia and hate Reagan during his presidency?
Posted by CharlesUFarley on 4/24/24 at 12:56 pm
In answer to the original question, consider that during the 1980's when Reagan was standing up to the USSR, eventual dem 1988 presidential nominee Mike Dukakis Governor of Massachusetts, and John Kerry, the Lt. Gov., eventual 2004 dem presidential nominee, tried to create some kind of resolution ca...
re: Mike Johnson Was Anti-Ukraine Funding Until He Saw Classified Intel on Russia
Posted by CharlesUFarley on 4/22/24 at 5:43 pm
[quote]This presents quite a conundrum to me; representatives vote on our tax dollars, but based on information we aren’t allowed to see. [/quote]
Well, that information was not serious enough that we would impose stricter sanctions of Russia, or that we would impose sanctions on China and India ...
re: Our current system is not fixable.
Posted by CharlesUFarley on 4/22/24 at 1:03 pm
[quote]Look at the last 250 years as an experiment.[/quote]
Actually the first 72 years was an experiment. Then the War between the States happened and the next 50 or so years was the entrenchment of strong central government. Then Woodrow Wilson happened, and then there was the era of the admi...
re: Student Loans
Posted by CharlesUFarley on 4/21/24 at 4:36 pm
I paid 8% and 9% for my student loans 40 years ago. I had a little more than a fourth as much debt as your daughter does. I am about the same age as you. I got mine paid off in about seven years. I also kept them as three separate loans, so I paid off the smallest one first then concentrated on t...
re: Anyone else already received their refund?
Posted by CharlesUFarley on 4/20/24 at 9:44 am
Same with me. I checked after reading your post and my refund was in my account....
re: Advice? Take a paycut and hit the road?
Posted by CharlesUFarley on 4/20/24 at 9:11 am
[quote]The freedom of outside sales, schedule and [b]lowered stress level [/b]seem to be very high on the pros list..... more like being my own boss. [/quote]
Not likely. These days your laptop and cell phone usage are monitored by your employer and most sales managers think more meetings and mo...
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