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Why would you care about it being transferred "in kind"? I can think of a reason or two, but nothing else: So you can easily keep track of the cost basis So you don't incur any transaction fees (most brokerage firms charge a minimal fee to perform transactions)

I tried the "Lost password" link which points here: https://www.firecalc.com/supporters_EmailPW.php But gets changed to: https://firecalc.com/supporters_Registration.php Can someone help out?

ONLY if they were inherited prior to the SECURE Act.

Prior to the SECURE ACT, you didn't have to draw down the inherited IRA in 10 years. If the person passed away after the SECURE ACT, you have to cash it out in full and pay any taxes within 10 years.

How so? Take a look at AT&T. If you bought shares at $30/share in 1997. Compare that to having a fixed interest (say 4%) compounding annually over the same time frame. Results are shown below. The company still increases it's dividends about $0.04/yr, so next year it would pay $2.12/share or if...

That's insane, since I did it the same way! :)

Well, that's one way. The other way is 5 years * 20% = 100%, which is double. That isn't counting the compounding aspect at all, which would reduce it to much less than 5 years because it's such a high interest rate. I guessed it would be about 3 years or so.

That was a really easy set of questions. Granted, I wouldn't have been able to answer them when I was say 20 or 30 years younger. LOL 6/6 for me!

What I find amusing is that we've switched from talking about Covid-19 death, to talking daily about # of positive cases. While I'm not completely against having that information, our current governor of NJ is barely letting things open. Well, this past Friday he finally did open up indoor...

+1

But aren't ETF's often taxable as regular income? I know that not all are, but dividend paying companies that pay "qualified dividends" - which are all of the dividend aristocrat stocks, the dividends are actually taxed at long term capital gains rates. So 0% on up to $80,000 for a married...

Sorry if anyone else suggested this, I didn't read all the replies. I'm just thinking that you could consider buying shares in a company like AT&T? I don't know what the taxation you have would be, but right now they pay a 7% dividend and it keeps going up slightly (about 1.9%/yr) for the past...

Congrats! Although, if I had $3M today, I could literally retire and afford to pay for housing, food, some kid's college expenses, vehicle expenses, etc. for the rest of my life.

I just talked about charging my oldest two room/board. The reason why, is because they've been frivolously spending on a bunch of things that aren't necessities and have somewhat low income and not many hours worked, and are talking about moving out only because they want to move out - not...

Unemployment dipped to 8.4% in August, a 3% drop. I've got 2 kiddos in college now and living at home. I keep stressing them to start putting away for retirement now, before considering moving out ... or they may very well end up like me, having to make up for all the lost years that I didn't...

I think it's a matter of understanding when one should hold up. If I were to have $150M in my accounts (or for that matter $3M), I would seriously setup my accounts to spin off 3%/year and invest in a combination of low risk (40%), medium risk (40%), and high risk (20%) investments to ensure...

As a follow-up of my own post, an example of a transaction that I did was purchasing SNAP @ $24.xx and then setting a sell order at $29.xx to cover the transaction fees AND increase that portfolio by 17%. That happened within 3 hours, and I don't care that I didn't hit the bottom for the day or...

Thank you one and all for ALL of your bits of input. They will be taken to heart and useful for both her and myself some time in the future. :clap:

That's an interesting stock PapaGeek. She might be more comfortable with something like that, but I doubt that she'll go for it anyway.

I suppose that is true. I didn't mention that those savings earlier don't include additional money that is set aside for her final expenses, including paid for plot.

I do see that the safety of the fixed rate is very beneficial. My biggest issue was more because her basic total net worth isn't so much that if she did have more than 2 hospital visits that she would have anything left afterward. And not knowing what she would do if there was a third event...

Excellent thoughts there Sunset! :thumbsup:

Thanks, I'm kind of wanting to do that, but she doesn't seem keen on the idea of remotely putting money into the market. :-(

Thanks. I've considered that too. I already use CapitalOne360 and have for years now, and their rates are 0.75% -> 1% (or more for CDs). Unfortunately she has 1 other stipulation that there has to be more than 2 people listed on the account - and currently Capital One 360 only allows joint...

This sounds great, but out of curiousity, what if one was nearing retirement age and purchased dividend stocks (now and along the way), that produced enough to provide for all of one's expenses without touching the principle? After all, the stock can go up and down as long as the dividends don't...