- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
CharlesUFarley
| Favorite team: | Auburn  |
| Location: | Daphne, AL |
| Biography: | |
| Interests: | |
| Occupation: | Drives and PLC Guy (Mechanical Engineer) |
| Number of Posts: | 975 |
| Registered on: | 1/13/2022 |
| Online Status: | Online |
Recent Posts
Message
re: Thune adjourns Senate for vacation but keeps pro forma sessions in place—no recess appts
Posted by CharlesUFarley on 3/3/26 at 1:32 pm to MrLSU
Is there any legal basis for Pro Forma sessions? My understanding is that they were started when W was president and they stuck because he never challenged them.
Recess appointments are a Constitutionally defined power of the Presidency. Pro Forma sessions are a Senate rule. Also, does the Constitution say "Senate" or "Congress" in that section?
Trump should make some minor appointments and see if they want to fight about it.
Recess appointments are a Constitutionally defined power of the Presidency. Pro Forma sessions are a Senate rule. Also, does the Constitution say "Senate" or "Congress" in that section?
Trump should make some minor appointments and see if they want to fight about it.
2
re: Spain bars U.S. from using its bases for attacks
Posted by CharlesUFarley on 3/2/26 at 8:25 am to Proximo
Neither Spain nor France allowed the US to overfly their countries when we bombed Libya in the early 1980's either. We flew around them. We lost airmen on that mission on the return flight, which was much longer than it had to be.
re: This Iran action should be a huge wake up to our military industrial complex.
Posted by CharlesUFarley on 3/1/26 at 7:06 pm to LSUPilot07
The largest suppliers of oil to China were Iran and Venezuela.
Do we have leverage now? Do you think that if China thought they could have stopped this, they would have?
I don't know. There is definitely some new dynamics here.
Do we have leverage now? Do you think that if China thought they could have stopped this, they would have?
I don't know. There is definitely some new dynamics here.
re: How much of what we're seeing now is directly because of F-35?
Posted by CharlesUFarley on 3/1/26 at 11:47 am to No Colors
quote:
How far will we take it?
To Greenland.
re: Paying off Home Peace of Mind vs Controlling One's Time Sooner
Posted by CharlesUFarley on 3/1/26 at 11:36 am to Everyday Is Saturday
I retired early at age 55. I didn't plan on it, I lost a job and really didn't want another one. I thought I had about half the assets I needed to retire, but it worked out OK. I stayed retired for nearly 5 years then a former coworker, who contacted me about potential jobs from time to time, convinced me to join his company in a work from home/minimal travel job, which is ideal for my situation.
My mortgage is at 2.625%. I refinanced from 4.25% during covid when the rates dropped through the floor. If I take money out of my IRA to pay it off, I will pay a 29%(state and fed) tax rate on that. I will not be paying it off early unless insurance rates go high enough to change my mind. If I pay off the mortgage I could drop wind coverage.
In my second year of retirement, I had to put a new roof on the house. If could have paid cash by withdrawing some of my Roth contributions, but I didn't want to do that. So I financed a new roof at 12.99%. I intended to pay it off from the Roth when I turned 59.5. I decided against it. I could easily pay off the roof by withdrawing from one of my rollovers, but I would pay 29% in taxes instead of 12.99%. I could take it out of the Roth and then convert from the IRA's, but that is really the same math.
For peace of mind, I keep enough money in my IRA's in safer money market and fixed income investments to meet total living expenses for about five years. If I keep working during that time, I won't need it. If I suddenly have to retire again, SS will be available next year, but I want to wait until I am 67 because my benefit will be enough at that age to meet by basic month to month living expenses in today's dollars. That isn't the best math, but it's another form of peace of mind.
My mortgage is at 2.625%. I refinanced from 4.25% during covid when the rates dropped through the floor. If I take money out of my IRA to pay it off, I will pay a 29%(state and fed) tax rate on that. I will not be paying it off early unless insurance rates go high enough to change my mind. If I pay off the mortgage I could drop wind coverage.
In my second year of retirement, I had to put a new roof on the house. If could have paid cash by withdrawing some of my Roth contributions, but I didn't want to do that. So I financed a new roof at 12.99%. I intended to pay it off from the Roth when I turned 59.5. I decided against it. I could easily pay off the roof by withdrawing from one of my rollovers, but I would pay 29% in taxes instead of 12.99%. I could take it out of the Roth and then convert from the IRA's, but that is really the same math.
For peace of mind, I keep enough money in my IRA's in safer money market and fixed income investments to meet total living expenses for about five years. If I keep working during that time, I won't need it. If I suddenly have to retire again, SS will be available next year, but I want to wait until I am 67 because my benefit will be enough at that age to meet by basic month to month living expenses in today's dollars. That isn't the best math, but it's another form of peace of mind.
re: Rule of 55
Posted by CharlesUFarley on 2/24/26 at 2:16 pm to Pockets
From my experience, one of the largest possible drags on your assets is taxes. You will definitely have to pay them, but the kind of figures you discussed above would keep you in your wife in 12% territory, not 22%. If you use the rule of 55 you are going to have mandatory 20 % withholding. If you roll over to an IRA you will not have that, you can choose how much to take out. If you need some of your money before you reach 59.5 you can use 72T withdrawals and avoid the penalty. One of the best returns you can get on your assets is paying 12% income tax instead of 24%.
re: Rule of 55
Posted by CharlesUFarley on 2/24/26 at 10:03 am to notsince98
quote:
The rule of 55 applies to traditional 401k, not a Roth 401k.
Not true. It applies to Roth 401K. I used it when I retired at age 56.
In my case it was a lump sum distribution and I had some Roth some Trad. You will not pay a tax penalty if you use Rule of 55, but you will be taxed on any growth in the Roth at normal rates if you take it before age 59.5
I stayed retired for about 4 years then got a work from home job. I am taking 72t withdrawals from one of my rollover IRA's. I have to keep doing that for another 17 months until I finish my 5 year series of substantially equal payments.
re: How did a planet form that can support life but the life on it cannot live forever?
Posted by CharlesUFarley on 2/20/26 at 5:36 pm to crimsoncoded94
Entropy
re: 1954 vs. 1963: How Luck and Sequencing Risk Create a 3x Wealth Gap in Retirement
Posted by CharlesUFarley on 2/18/26 at 10:05 am to Street Hawk
And Bolivian honey farmers made even more money after the African Bees were released. They learned the risks and adapted to them, and benefited from a greater return from a more productive but riskier process.
re: Microsoft AI chief says in 5 years AI can do every white collar job.
Posted by CharlesUFarley on 2/17/26 at 8:15 pm to HubbaBubba
quote:
Guess they can send home all those illegals because the white collar US citizens gonna be taking those roofing, carpentry, painting and road construction crew jobs, thank you
We already have robotic lawn mowers, and people who are seriously into the landscaping business already invest a lot in their equipment. Soon they'll have one man crews who show up at your house with an iPhone and map your yard, then deploy multiple machines to do your landscaping. Maybe even transported by auto transport and minimally supervised.
re: Republican Gov. of Alabama Signs the Child Predator Death Penalty Act
Posted by CharlesUFarley on 2/14/26 at 6:29 pm to GooseSix
quote:
Memaw doesn't get much right these days, but I commend her for this one.
Well, we got constitutional carry and this. I can't think of another Governor who did so much. Now, if she'd just abolish speed limits on the interstate beyond city limits....
re: Dividend ETF Stock
Posted by CharlesUFarley on 2/13/26 at 12:49 pm to Cajun75
Yes
re: Needs met stay 100% invested?
Posted by CharlesUFarley on 2/13/26 at 7:28 am to TorchtheFlyingTiger
If you can convert at 12% do it. At 22% or 24%, consider it. If you can delay realizing Capital Gains then you might be able to do an up year, down year and try to do your conversions in down years.
My situation will make any conversions 24% for the rest of this year. I may do some, but I am thinking of doing 401K tax deferred because I will save 29% on it this year (FED and state), and maybe I will have a chance to convert some of it at a lower rate later. I will turn 61 this year.
When I do the math, anything I invest through work doesn't really move the needle on where I'll be retirement wise. It will be what it is from what I have saved an invested for the last 40 years, not the next 7.
My situation will make any conversions 24% for the rest of this year. I may do some, but I am thinking of doing 401K tax deferred because I will save 29% on it this year (FED and state), and maybe I will have a chance to convert some of it at a lower rate later. I will turn 61 this year.
When I do the math, anything I invest through work doesn't really move the needle on where I'll be retirement wise. It will be what it is from what I have saved an invested for the last 40 years, not the next 7.
re: Tariffs cost states $200 billion
Posted by CharlesUFarley on 2/12/26 at 8:32 pm to bigjoe1
State Sales Taxes are paid on the sales price including the tariff. State and local Gov's should get more revenue because of the tariffs.
re: Needs met stay 100% invested?
Posted by CharlesUFarley on 2/12/26 at 8:26 pm to TorchtheFlyingTiger
quote:
Excess meaning any unspent income from pension dividends etc. I'll have to use that and liquidate from taxable to pay tax on the Roth conversions. So, any additional spend would be at higher tax rate than usual in a non conversion year.
I look at this sort of thing often, considering how much to put in 401K, how much Roth or Trad, how much to convert to Roth IRA from my Rollovers, how to best balance out a Trad 401K so that I can still do a Roth IRA contribution, or whether to scrap all that and just max out Roth Conversions.
If I think about it long enough, the math starts to look the same regardless. No matter where money originates, it's taxed at prevailing rates one way or another. We know what they are today, and don't know what they will be tomorrow.
Will RMD's be a bad deal? Morningstar just did an article that said they were a fairly safe way to draw down your accounts. At any rate, when calcing it out, RMD's are going to be your withdrawal rate after you hit 75, so all this 4% rule stuff is really about what you can do up until then, but the math on taxes is probably nearly the same.
re: Needs met stay 100% invested?
Posted by CharlesUFarley on 2/12/26 at 3:02 pm to TorchtheFlyingTiger
quote:
Only problem is I want to do large Roth conversions and that's going to consume any excess and additional spend would be in artificially higher brackets while converting.
I beat the Roth thing to death in my mind all the time. I go back and forth on it.
What do you mean by "consume any excess"?
re: Needs met stay 100% invested?
Posted by CharlesUFarley on 2/12/26 at 1:40 pm to TorchtheFlyingTiger
I'll go with the bucket approach: a short term bucket, an intermediate term bucket, and a long term bucket.
The long term bucket is all stocks. The short term bucket is all cash and money market. The intermediate term buck might be bonds and stocks.
Short term is two years. Intermediate is 3-8 years after that. Long term is everything else.
Then, if you are really well off, but you don't want to crank up those buckets, maybe you come up with some new ones: a speculative bucket, an inflation bucket, a SHTF bucket, inheritance bucket, etc.
Your allocation task each year is to fill up the short term bucket again. You have to choose which buckets it's coming from, and then how to refill them.
The long term bucket is all stocks. The short term bucket is all cash and money market. The intermediate term buck might be bonds and stocks.
Short term is two years. Intermediate is 3-8 years after that. Long term is everything else.
Then, if you are really well off, but you don't want to crank up those buckets, maybe you come up with some new ones: a speculative bucket, an inflation bucket, a SHTF bucket, inheritance bucket, etc.
Your allocation task each year is to fill up the short term bucket again. You have to choose which buckets it's coming from, and then how to refill them.
re: Trump Accounts & Funding Children’s Retirement
Posted by CharlesUFarley on 2/12/26 at 1:09 pm to WITNESS23
quote:
Yea, I just wonder how kids will act if you tell them they will have 9 million dollars when they get to retirement age.
That can kill drive.
Obviously different kids handle this differently, but that would be my worry.
Well, telling them like that is probably not a part of a good financial education.
I don't have kids, but if I did I would try to do something like that. Sure, it might be better to just load up on a Roth or a Roth conversion ladder to pay for college, etc, but it isn't always about the math.
re: Trump Accounts & Funding Children’s Retirement
Posted by CharlesUFarley on 2/12/26 at 12:58 pm to WITNESS23
quote:
Is there much difference in investing and saving for yourself and letting them inherit it?
It would compound the same.
One difference is that his children would have a much better shot at a good financial education if he can put them in the driver's seat earlier by doing this.
re: What couldve been done to prevent the destruction of western civilizations
Posted by CharlesUFarley on 2/11/26 at 9:11 pm to LChama
Stop the Hart-Celler act in 1965.
re: 401k help… XOM stock
Posted by CharlesUFarley on 2/11/26 at 5:09 pm to TorchtheFlyingTiger
I used to have brokerage link a few years ago in a Fidelity 401K. You could transfer vested amounts through the link and be able to buy anything Fidelity offered.
Popular
17
