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06-09-2019, 07:42 AM
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#441
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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 Quote:
Originally Posted by joeea
Yup.
No laws should ever be changed. After all, a deal is a deal no matter how old. We deserve no less. And our country depends on it.
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In that case, you probably owe the government more if the recent change in tax laws resulted in your paying less taxes.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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06-09-2019, 08:29 AM
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#442
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Quote:
Originally Posted by Helena
In that case, there should be NO INCOME TAX on Social Security income... because that was the original deal.
In fact, there should be no income tax at all... that wasn't the original deal either !!
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By that logic, there should not be a Constitution either, that was not part of the original deal when the Mayflower landed in 1620.
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06-09-2019, 08:41 AM
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#443
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by pb4uski
In that case, you probably owe the government more if the recent change in tax laws resulted in your paying less taxes.
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Actually, they'd owe me a small amount, if "recent" were the sole criterion.
But I expect changes. Some work to my benefit, others don't. So it goes.
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06-09-2019, 02:25 PM
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#444
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gone traveling
Join Date: Aug 2006
Posts: 994
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Quote:
Originally Posted by JustCurious
By that logic, there should not be a Constitution either, that was not part of the original deal when the Mayflower landed in 1620.
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Revolution usually resets all rules.
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06-09-2019, 02:44 PM
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#445
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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When it comes to thread wandering, this one is a stand-out. In a few short posts it went from a proposed change in RMDs to the Mayflower, the Constitution, and revolution. There’s some real creative minds and elastic thinking here. 
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06-09-2019, 03:01 PM
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#446
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,720
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Maynard G Krebs never worried about his RMD at any age. Work!
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06-10-2019, 02:19 PM
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#447
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,951
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Given the likely passage of this, I've already changed my investment strategy. My current plan:
For 2019:
1) Do things to keep my total AGI w/i the 24% bracket (single). This includes selling anything I have a loss on (which isn't much) and putting as much as necessary into traditional forms of 457b and 403b plans, but only as much as needed to not exceed the 24% bracket.
2) Contribute as much as possible (given the traditional forms of 1) to a Roth 457B and/or Roth 403B. I just switched my 457B contribution from traditional to Roth.
3) Spend down cash reserves as needed to make up for $ going into Roth's that would otherwise be part of my normal spend. This has the added benefit that I will decrease my taxable interest income.
In 2020 my plan will be similar, except easier to implement as I will no longer have any 409A payments from my ex-mega corp. This should allow me to contribute only to the Roth 457 and perhaps 403 and not have to make any traditional (tax deferred) contributions. I might even be able to do a small tIRA to Roth conversion while still sticking to the 24% bracket.
When I retire/quit from my teaching gig (at latest when I am 65), continue with conversions until 72. Defer social security until 70 to maximize my ability to convert.
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06-10-2019, 02:42 PM
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#448
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,931
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Quote:
Originally Posted by target2019
Maynard G Krebs never worried about his RMD at any age. Work!
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I'm showing my age but I know who he was without looking it up.... It would not have matter to him anyway. He (Bob Denver) died at age 70.
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06-10-2019, 02:57 PM
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#449
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,720
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Quote:
Originally Posted by Car-Guy
I'm showing my age but I know who he was without looking it up.... It would not have matter to him anyway. He (Bob Denver) died at age 70.
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Maynard G Krebs still lives...
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06-10-2019, 03:24 PM
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#450
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,931
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06-10-2019, 04:06 PM
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#451
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Thinks s/he gets paid by the post
Join Date: Sep 2002
Posts: 1,178
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Quote:
Originally Posted by Car-Guy
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It’s like Gilligan but with a goatee
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06-10-2019, 04:21 PM
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#452
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gone traveling
Join Date: Aug 2006
Posts: 994
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Quote:
Originally Posted by Car-Guy
I'm showing my age but I know who he was without looking it up.... It would not have matter to him anyway. He (Bob Denver) died at age 70.
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Me too... loved that show!
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06-10-2019, 05:32 PM
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#453
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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What was that about thread creep? 
__________________
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06-10-2019, 07:04 PM
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#454
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,891
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Quote:
Originally Posted by Car-Guy
I'm showing my age but I know who he was without looking it up.... It would not have matter to him anyway. He (Bob Denver) died at age 70.
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Quote:
Originally Posted by Helena
Me too... loved that show!
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Hey, who you callin' a 'creep'?!
A while back I watched some episodes of Dobie Gillis on youtube - they were quite creative for the time. It was pretty cool that Dobie 'broke the 4th wall' to talk to the audience.
Carry on!
-ERD50
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06-11-2019, 08:29 AM
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#455
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
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Quote:
Originally Posted by JDARNELL
It’s like Gilligan but with a goatee
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When my younger brother grew a goatee I started calling him "Maynard" until he shaved it off...
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06-12-2019, 04:43 AM
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#456
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,804
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Back to my post a few pages back.
The stand alone bill for Gold Star Family Tax Relief Act S. 1370 has now been attached to the SECURE Act, as well as the removal of 529 funds to fund homeschooling. There must be some other diabolical elements in the SECURE Act, in order to demagogue a negative vote for SECURE as being against Gold Star Families. The stand alone Gold Star bill should have been unanimously passed the moment this inequity was noticed, in my opinion.
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06-12-2019, 04:49 AM
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#457
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Quote:
Originally Posted by Winemaker
... The stand alone Gold Star bill should have been unanimously passed the moment this inequity was noticed, in my opinion.
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+1 but that shows you how f-ed up Washington is.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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06-12-2019, 08:47 AM
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#458
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Quote:
Originally Posted by JustCurious
By that logic, there should not be a Constitution either, that was not part of the original deal when the Mayflower landed in 1620.
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Have no fear. The plan to Reunite With England is well under way.
Can you say Meghan Markle?
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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06-12-2019, 01:39 PM
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#459
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gone traveling
Join Date: Aug 2006
Posts: 994
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Any news today about the House bill that seems to have been sucked into a black hole in the Senate ??
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06-12-2019, 03:48 PM
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#460
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,671
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Quote:
Originally Posted by Helena
Any news today about the House bill that seems to have been sucked into a black hole in the Senate ??
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I'd be surprised if we see any legislation out of the Senate on anything (except CRs) until 2021
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