Recent content by rubytuesday

Again, if you were in the US, I would say you should definitely buy a house, but with everything that was brought up here about housing trends in the Philippines, it really does sound as though you should sit tight, and continue renting. It sounds as though the prices of NEW housing constantly...

My own experience with being a landlord was bad, so I don't recommend it to anyone who is not extremely knowledgeable about landlord-tenant laws, has a lawyer, and is prepared to absorb major losses from destructive or manipulative tenants. It seems to me that being a landlord is a greater...

I don't think you need to consult anyone except immediateannuities.com regarding annuities (ie, other sources might just confuse you and induce you into doing something unfavorable). They deal with annuities only, ie, not with investment accounts (for THAT, you should consult those other places...

Regarding finding the best annuities, buy them through immediateannuities.com. They are a really honest and rarely decent financial company, and I don't think anyone in the world knows more than they do about annuities. Just e-mail them where you live, and that you want two fixed delayed...

Longevity Annuities bought in the early 50s, to start at 80, are an extremely good deal if you don't have a death rider. Adding a beneficiary will cut your annual income after 80 very substantially, probably by the half. Go to immediateannuities.com, and check the annuity payout with or without...

Fixed with cola is variable, I'd stay away from that. I started buying annuities when I was younger than you, so the exact thing that I did would not be applicable, but this is what I would do if I were you. 1. Buy a home. That would be the absolute priority. 2. I don't have kids or anyone...

Buy a home, don't rent. If you rent, you are at a major mercy of inflation. Also, you can generally get emergent bank loans if needed with your home ownership as the collateral. Annuities are not liked on the US retirement forums (particularly this one for early retirement) because of the...

I knew I could have an early pension (which I do have now), so was never investment-minded, but still I did just that, converted at painful level of Roth in a 20% drop in 2020, which worked out great. If there is another 20% drop or worse, I would finally BUY! (in addition to, of course, holding...

Thanks to a few posters that mentioned potentially helpful things, but I won't be following the thread any more (I guess there is no way in this forum for the OP who started the thread to lock the thread). I'm a bit surprised by the degree of "flaming" about a pretty straight-forward financial...

Okay, even though I am not an investor, I do have one market account. I converted my modest IRA into Roth (and yes, I did most of the conversion when the market crashed in 2020, which saved me a tremendous amount in taxes, plus the value went up last year post-crash by something like 65%, which...

Thank you! So, Schedule D (it is after-tax money). That answers one of my three remaining questions, so there are now actually two remaining questions (see above).

Please please please, nothing more about market crash and timing the market. Don't want to talk about that. People here seem to say to put the money either into IBonds or TIPS or an index fund. Thank you for that advice. Somebody else in my private life, not in this forum, told me that a...

Another really dumb question: if you have a mutual fund, where do you report the earnings in the tax form? I have been filing simple tax forms with only the wages (replaced by pension) and bank interest forever (and not needing an accountant to fill out two lines in the Form 1040, plus schedule...

Why are so many of the replies here focusing on "timing the market", and why are you folks so obnoxious about it? Yes, I did decide on that part, that I will not buy anything at the time when it is most expensive to buy it, but I have not figured out anything else. My question is WHAT to do...

Thank you for the link, I looked at it, though I am not sure I understand exactly what it is. Right, my only concern is inflation. But this got me wondering - since there is clearly an ongoing inflation, bank rates will rise too. I remember (seems not long ago, less than 20 years ago) one-year...