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RMDs - When to back off the gas pedal of 401k/403b/457, if ever?

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  • #16




    so can’t trust pensions, can’t trust ss, market returns subject to SORR, what is there left that we can trust?  spia?  gold?
    Click to expand...


    Diversification of risk. Over save. Have funds in social security, a bit from a pension. It's unlikely that it would all fall apart together. And if it did there would be a lot of upset people in the same boat and likely some deflation or other societal changes to go with it.

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    • #17
      Shifting a bit here, but what advice has your attorney given you with regards to funding the SNT?  IRAs and SNT's can get a bit funky (highly technical term here) depending on whether there are accumulation trust provisions in it.

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      • #18




        so can’t trust pensions, can’t trust ss, market returns subject to SORR, what is there left that we can trust?  spia?  gold?
        Click to expand...


        Bottled water, cans of food, cases of ammunition, and tinfoil hats all Crixus style, but of course!

        Seriously, the United States has the global reserve currency.  The commonly used definition of a "risk free" investment is a U.S. Treasury bond held to maturity.  If something goes wrong with U.S. government debt instruments, you can guarantee that you'll have bigger problems with corporate and emerging market debt as well as stock investments.

        It's unlikely that everything will fail at the same time.  Likewise, even when we've had severe market downturns, the average length of time until a rebound begins is about 18 months.

        I'd aim to be like StarTrekDoc.  Multiple pensions, social security, rental property income, and plenty in index fund stock investments in qualified funds.  Save a bunch, diversify, keep up a marketable skill, and get some range time to make sure you're still a decent shot.  The food and bottled water will serve you well in an earthquake or hurricane, not just in a Mad Max apocalyptic collapse of society sort of scenario like some forum posters seem to predict is right around the corner.

         

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        • #19







          so can’t trust pensions, can’t trust ss, market returns subject to SORR, what is there left that we can trust?  spia?  gold?
          Click to expand…


          Diversification of risk. Over save. Have funds in social security, a bit from a pension. It’s unlikely that it would all fall apart together. And if it did there would be a lot of upset people in the same boat and likely some deflation or other societal changes to go with it.
          Click to expand...


          Bitcoin

           




          Shifting a bit here, but what advice has your attorney given you with regards to funding the SNT?  IRAs and SNT’s can get a bit funky (highly technical term here) depending on whether there are accumulation trust provisions in it.
          Click to expand...


          --Good question.

          Rental properties:  LLC with parents as owners (had previously kids, but with SN kid moved both of them from the LLC products -- will be swept into Living Trust via Will -- haven't gotten around to LLC owned by Living Trust -- but perhaps one day will.

          IRAs:  Primary Spouse   Contingency - Living AB Trust.

          Taxable:  Living AB Trust -  with Beneficiaries ---  1.  Kid #2, 2. SNT (for Kid #1 Primary -  Charity - Contingency).

          That is what they told us to do to minimize risk of the 5 year rule and allow for the stretch provision on RMDs.

           

          We had a fairly sizable tax year this year, so still fully funding the pretax; will probably shift over to the ROTH side simply to avoid RMDs becoming a monster as @Hank pointed out can balloon if current Bull markets run crazy for another 20 (yeah, right).   IF the 'bond equivalent' levels for the pensions and the rental income, we're skewed heavier toward the bonds, but that's fine for us to have at this time --

          as @Johanna mentioned -- give space and readiness to jump at the Bear opportunities that often arise.  We ejected most of our single long-term stocks back in April in anticipation for a corrections and placed into 'safer' (haha) broader Total market.   Still have bunches in Bonds and HELOCs ready for that investment opportunity

           

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          • #20


            Save a bunch, diversify, keep up a marketable skill, and get some range time to make sure you’re still a decent shot
            Click to expand...


            Check.  Check.  Check.  Check. 

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