Money & Economics
- Thread starter bigredfish
- Start date
MikeLud1
IPCT Contributor
MikeLud1
IPCT Contributor
Wow
You're committed!
I'm probably at my SCHD limit for my trading accounts.
Once the crash is over I'll invest as I posted earlier, adding VGT, XLV and a little bit of GLD? (I keep flip flopping on GLD)
Recall this is just 10%, the other 90% all in fixed income
Even over the next 5 years as we finish converting my and the Mrs IRA's to the Roth's (another 20%) we'll likely keep that in CD's or similar as long as I can get 4-5%
MikeLud1
IPCT Contributor
My ultimate plan allocation is 50% SCHD. 25% SPYM, 15% SPMO, & 10% QQQM. This portfolio should get about a total return matching the S&P 500. Plus I have 3 years of emergency cash getting 5.0% with CSHI to use if there is a market crash.
I just retired and waiting on my 401K rollover check so I can finish building my portfolio. Next year when I am in a lower tax bracket I will be doing some Roth conversions.
Are you retired yet?
Yessir I retired 12/31/23
Did/doing same. Goal is to stay or keep as much as possible in the 12% bracket.
So after SS and taxable investment income, add IRA withdrawal then minus deductions, you can pretty much ballpark how much you can withdraw/move to Roth, which of course is also taxable.
Of course the key is how much of your investments are taxable
Did/doing same. Goal is to stay or keep as much as possible in the 12% bracket.
So after SS and taxable investment income, add IRA withdrawal then minus deductions, you can pretty much ballpark how much you can withdraw/move to Roth, which of course is also taxable.
Of course the key is how much of your investments are taxable
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I think the 12% bracket top is $100,800 MFJ for 2026
So hypothetical calc for married filing jointly (not my numbers)
This is simplified, I could be missing something (cap gains, State Tax?) but it gets you pretty close
The AGI limit on the $6 extra deduction from the BBB expires in 2028 and it doesn’t really limit you, you just get a reduced $ deduction as you exceed $150K
So hypothetical calc for married filing jointly (not my numbers)
This is simplified, I could be missing something (cap gains, State Tax?) but it gets you pretty close
The AGI limit on the $6 extra deduction from the BBB expires in 2028 and it doesn’t really limit you, you just get a reduced $ deduction as you exceed $150K
| ss combined | $ 60,000 | ||||||
| 15% of SS | $ (9,000) | ||||||
| Part time job | $ 24,000 | ||||||
| small pension? | $ 2,400 | ||||||
| Taxable Interest/Div's | $ 20,000 | ||||||
| $ 97,400 | |||||||
| IRA withdraw to Roth | $ 50,000 | ||||||
| AGI Gross | $ 147,400 | ||||||
| Deductions | |||||||
| std | $ 32,200 | ||||||
| sr added | $ 1,650 | ||||||
| bonus (AGI limit 150K) | $ 12,000 | 6K ea over 65 | |||||
| Tot Deducts | $ 45,850 | ||||||
| Taxable income | $ 101,550 | AGI minus Deducts |
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Two year treasuries paying 4.625%
Maybe I'll rethink 4.2% CD's in a few weeks when it hits 5%
Maybe I'll rethink 4.2% CD's in a few weeks when it hits 5%
Trump is not giving you a dividend check for $5000. They're not giving you $9,000 to stay home with your kids.
They didn't give you the DOGE check. Or the tariff refund. Or $2 gas. Or cheaper groceries. Or a healthcare plan. Or 600% off your prescriptions.
At some point, gullibility stops being an accident and starts being a choice.
They didn't give you the DOGE check. Or the tariff refund. Or $2 gas. Or cheaper groceries. Or a healthcare plan. Or 600% off your prescriptions.
At some point, gullibility stops being an accident and starts being a choice.