Recent content by Cooked

Drake My understanding is that where a trust is involved a trustee is in play. When a will is involved, an executor is in play. I believe that executors need lawyers more that trustees do. If you do not understand the distinction then you might need a lawyer, or some library reading. I...

They will not allow you to write a check against the settlement account.

A few of the differences that I have noticed. First, the settlement account (MMF) does not allow paper checks. Second, the settlement account is a sweep account. It can be a bit more difficult to figure out where the sweep came from. For example if you have dividends go into the sweep account...

In the early 80s my megacorp came out with a TDSP (Tax Deferred Saving Plan). I later learned that it was a 401k. We were presented this opportunity to save as an additional supplement to the traditional pension. After the meeting, I had the good fortune to chat with an older employee. He...

Bling....well I do have a titanium bicycle...with DuraAce. Yes I have one piece of bling and I keep it in my living room, close to me.

Lisa, Thanks for sharing your fears. They are normal. When you first leave, there will be a shock to your system. It may take several months to get over the initial shock and a few years to find a new normal. It is a great journey. If you want a real education the look into Osher...

If you are a Flagship Client (more than $1mm) then you can get a free checkup. We expect to see our results from our first checkup early next week. This will be some sort of software generated plan. We will review it for 10 days and then get back and talk with the FP. So far there is no pressure...

oops

Nice new username. In retirement we can take our time...like whitespaces between words. welsome

I agree with the bad news. Schedule C for artistic (non-passive) royalties.

Another contrived example. Mr and Mrs Contrived have 90k-95k of income(AGI). A (not insignificant) portion of it is LTCG. The Contriveds have a theoretical portfolio that includes some stock that is 99.99% capital gains and they have some tax deferred IRAs. For the sake of this example, the...

Okay. I get the message loud and clear. If I ever post again, in the interest of clarity, I will not include any contrived examples to demonstrate the point. :laugh:

I worked on a tax return recently for a couple of new retirees. It is volunteer work so it does not count against my retiree status. They retired in 2014 and they are the perfect retirement tax storm. I was hurt just looking at their numbers. The most significant mistake that they made was...

+1 It was easier to run FIRECalc and every other calculator than to make an actual decision.

While thinking about 2015 resolutions as this thread suggests, I stumbled across this article... Six ways to safely spend more in retirement For some reason, I followed the link just to be disappointed by yet another droll list with no redeeming value. In 2014 I have been 'fooled' by far...