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Post by wiscwhip on Mar 22, 2018 18:03:21 GMT -6
"Not having any depreciation left to write off is killing me."
Too bad we can't write off depreciation on our old asses!
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Post by Foggy on Mar 22, 2018 18:18:07 GMT -6
One thing about retirement......you run out of tax benefits pretty quickly. No defendants, no deductions, no biz write-offs (my old biz had guns and ammo expenses and free travel) .....yadda yadda. Oh well......at my age your glad to just enjoy the day playing golf. FORE!
Kinda anxious to get back to MN at Easter to see my new swamp road.
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Post by MoBuckChaser on Mar 23, 2018 6:06:57 GMT -6
Getting the market timed for me!
The last 2 months I have been working on trying to consolidate every piece of investment crap we have into one location at Vanguard now. Its taken over 2 months for all the paperwork for rollovers to get processed and funds to get cashed out and placed into our new accounts at Vanguard to get reinvested. The last of high expense ratio funds were liquidated on Tuesday and sent to my accounts at Vanguard. Then the crash came yesterday. 2/3rds of my money is in cash now in accounts waiting to be reinvested at vanguard into low expense ratio mutual funds. Because of all the paperwork bullshit and medallion signature guarantee's no bank does for a 500 mile radius of here, it got drug out almost perfect before this down turn. How is that for luck? Now, can I be lucky enough to time my getting back in the market...... Nope, I know my luck! LOL!
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Post by sd51555 on Mar 27, 2018 14:48:57 GMT -6
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Post by mnfish on Mar 27, 2018 15:32:55 GMT -6
Ouch on the market today!!! Not quite 2 years into retirement and already I'm broke!!! Updating my resume, how does this read?..... Accomplishments: Playing with cats, watching WWF, and growing food plots in my apartment.
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Post by sd51555 on Mar 27, 2018 15:39:31 GMT -6
Ouch on the market today!!! Not quite 2 years into retirement and already I'm broke!!! Updating my resume, how does this read?..... Accomplishments: Playing with cats, watching WWF, and growing food plots in my apartment. I would ask you zero questions and check no references and go straight to filling out an I9. I need more guys like you. Lol! Don't forget to add making your own soap and canning everything.
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Post by Sandbur on Mar 28, 2018 6:21:39 GMT -6
[quote author=" Foggy" source="/post/48061/thread" Kinda anxious to get back to MN at Easter to see my new swamp road. [/quote] As you get older, I hear different things get you excited!
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Post by Sandbur on Mar 28, 2018 6:22:08 GMT -6
Ouch on the market today!!! Not quite 2 years into retirement and already I'm broke!!! Updating my resume, how does this read?..... Accomplishments: Playing with cats, watching WWF, and growing food plots in my apartment. I would ask you zero questions and check no references and go straight to filling out an I9. I need more guys like you. Lol! Don't forget to add making your own soap and canning everything. What is soap used for?
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Post by sd51555 on Apr 2, 2018 12:41:57 GMT -6
Boy, we’re really getting Munsoned today.
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Post by MoBuckChaser on Apr 3, 2018 23:28:28 GMT -6
Boy, we’re really getting Munsoned today. I have been Munsoned every day of my life. No big deal.
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Post by MoBuckChaser on Apr 5, 2018 20:30:19 GMT -6
Question, can I loan some cash sitting in a traditional IRA out for a friends business, with payments of principal and interest being paid back into the IRA, with the final interest and Principal payment done in 5 years? Talk to me smart guys....
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Post by Foggy on Apr 5, 2018 22:39:12 GMT -6
^.http://www.privatemoneylendingguide.com/investors/articles/hard-money-lending-in-ira-retirement
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Post by MoBuckChaser on Apr 6, 2018 5:20:48 GMT -6
^.http://www.privatemoneylendingguide.com/investors/articles/hard-money-lending-in-ira-retirement Sounds like a paperwork nightmare to make 5.5 percent on my money. Thanks for posting that tom.
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Post by MoBuckChaser on Apr 11, 2018 19:32:05 GMT -6
Well after doing lots of research, looks like I can move some cash out of a traditional IRA into a Self Directed IRA LLC and loan the money out. The bad part is, finding a custodian that will do it for reasonable fees. Half of these places seem to be crooks. They can raise the fees at anytime, and if you don't pay, they will cash in your IRA without your consent and then you have to pay the IRS big time. So is the risk worth 5.5% on my money.....
NOT!!!!
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Post by Foggy on Apr 11, 2018 19:59:14 GMT -6
^. Nah. You can get 3.5% with guarantees of the US gov't. I would not take that extra risk for a lousy 2% plus lots of extra costs and unknowns. Tell 'em go fish.
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