Recent content by TheWizard

Looks like you're talking about Capital Gains Distributions (CGDs). These generally come from managed funds, not index funds. For most people, it's best to hold only index funds in your taxable account. If you want to hold managed funds, hold them in tax-deferred and Roth accounts. In that...

I would charge him rent ruffly equal to what the property taxes are...

And you survived? Good...

Umm, there's more to Roth conversions than simply tax arbitrage...

Nice that you came back to update us...

There's nothing wrong with being a higher income retiree, paying higher taxes. I'm something like that. Roth conversions aren't going to make you a low income retiree but they might help you avoid the next higher IRMAA tier...

Excellent situation that you're in. Just continue onward, focusing on life balance and check back in five years. See you then...

I thought we already said he'd be getting a 1099-R for the withdrawal of the RMD amount...

Midpack is pretty much right. Though if you turned your entire tIRA into deferred income annuities, why would you be doing Roth conversions; there's no tax-deferred money left. Best thing to do now is just enjoy being a higher income retiree...

Right. Let's say he could do that rollover back into the tIRA. And let's assume his RMD was $50,000 and his marginal tax rate is 32%. So he pays $16,000 in Federal tax on this year's RMD, puts the $50k back into tax-deferred, and then pays ANOTHER $16K in Federal income tax when that money is...

7 is totally irresponsible, checko...

Actually, it takes moist heat to get really tender pork, as in pulled pork or Chile Verde. But those are different cuts of meat. With baby back ribs, in my unfortunate experience, dry overcooking on the grill gets you something closer to charcoal... 😟

Perhaps, but I suspect those places might boil the ribs first before putting them on dry heat with an overly sweet sauce...

I'm a fan of baby back ribs (pork). I typically mix a heaping tablespoon of Walkerswood jerk seasoning with a little Italian marinade to thin it down and then spread it on top of the rack a bit ahead of time. Then toss it on the gas grill, low heat, for 45 minutes or so, turning a few times...

If you'll be in the 24% tax bracket later (possibly the reverted 28% bracket), then you haven't been doing large enough Roth conversions now. The idea is to do large enough Roth conversions in early years to levelize your AGI, allowing for inflation. Then when SS starts at 70 you decrease your...