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If you were already taking SS and you knew your other incomes which calculator would you use to run various scenarios? ie. SS is 24,000 per yer, pension is 6,000, rental income 6,000 How would you figure how much to convert to Roth if any at all. I've seen a calculator Smart Asset looking for...

Everyday what your stuff is valued at can be converted to real money. If you $20 stock is now $15 you lost $5 whether you sell it or hold it. Selling is only a tax consequence the money is the same as having $15 in your wallet. My perception.

I don't get this. Whats the difference if you sold equities in a down market (even if it is at a loss) or used the cash you never used to buy the in the first place. Its all the same money.

Vanguard has an annuity where you deposit x amount and invest it in the funds offered or even money market. The ongoing balance reflects the performance. Is this asset protected before you annuitize and take a monthly check? Seems like a good way to protect money like a Roth IRA.

? Maybe but that's a different issue. The point is you appeared to have $1m the lawsuit takes everything you appear to have but in reality you never had that much due to taxes generated by the sale of the portfolio

If your single an don't need it why take it now? It's highly unlikely but something can happen to your current portfolio. If you wait you will have a bigger check. If you leave this world earlier than breakeven age Is the money really important anymore?

If an estate leaves 100k in face value ibonds currently worth 150k where an inheritance tax is due, the tax is due on 150K. If the estate liquidated them the day before and paid the tax it may be worth 140k which is the real worth of the estate.

WOW;) The deal is if a person has that hypothetical $1m portfolio and looses a lawsuit (post #8) he really doesn't have $1m to deliver. His case should be I can liquidate pay the IRS and that's what I have left. Not sure how the courts would see it but that's all he has without incurring a big...

Actually we do know the rate. If you had to raise all the money you can today you would sell everything to get a cash figure. Your tax is determined by this years bracket on all taxable money. That tax due needs to sent to the IRS and whats left from the proceeds of all sales is what you have...

Been hearing alot about the new Iphone 8 it will probably cost a ton. I currently use a 6plus. Seems like the Samsung's are even more popular as many people say they prefer the Android system. What phone do you use or do you recommend? Just curious.

LV seems real. On any given day the current value of everything you own minus any expenses including taxes owed on that amount is what you have.

Interesting, if you have that hypothecial $1m and lost a lawsuit for $1m you woud need to sell everthing and turn over the money. At tax time you would report the 401k/IRA withdrawals and the gains from the regular account. You would owe the IRS wouldnt you?

OK I get the formula but if for whatever reason in this situation if you had to come up with $1 mill today you would be in debt over 100k.

Probably numerous ways to figure out how much money you have but do you think calculating future taxes due is most realistic to get today's NW number. If 50% of 1 mill is in 401k/IRA and 20% is unrealistic cap gains in a regular account Do you really have $1 mill. Do you guys figure this way?

If you make a profit its a gain at you cap gain rate. 28% is max rate.

I think a lump sum to a variable annuity would work until you annuitize. You can store physical cash or gift cards if you dont expect any appreciation.

There telling us something

If you look at the US Debt Clock.org it values gold at $7315 and silver at $885. Not sure why it states this. OP you may want to buy today, silver is down 40 cents right now.

Good question, I'd like that answer too Seems like not much is really changing for 3 years which in politics can be like 100 years of nothing accomplished.

I'm not understanding all the news about low income people losing insurance when the subsidy changes are minimal for 2 or 3 more years.

How? If your income is 15k a year and your premiums are 1k a month under the new plan with the 4k tax credit your paying 8k a year which is 53% of income. How does the 11.5% figure in? If your income is 47K and your premiums minus credits are the same 8k then I see it closer to the that 11.5%...

I heard the current subsidies will be phased out over 3 years? What does that mean. Will a current subsidy of $500 remain for the next 3 years or maybe slowly be reduced ($400 for the rest of 2017, $300 in 2018 etc). Or does it appear as soon as the law goes into effect the new tax credit plan...

Check out You Tube A message from Steven Molyneux 100 day wait in Canada for an MRI

It is unlikely insurance will not be able to be purchased with pre existing conditions. Even prior to the ACA there were risk pools. And states like NY, NJ, and others took everyone. Not even age rated.

Wow, I can't imagine how going uninsured or moving out of the US can be a possibility as a result of lost subsidies. And concluding I can't afford it really shouldn't apply because the cost of insurance cannot be fit into the WR figure. Medical costs can go through every dollar and asset someone...