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PowerShares Senior Loan ETF Message Board

eanitt 3 posts  |  Last Activity: May 5, 2016 11:40 AM Member since: Feb 21, 2001
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    by keebon May 4, 2016 2:03 PM
    eanitt eanitt May 5, 2016 11:40 AM Flag

    Wait, wait, wait!! ...The Donald is from NYC--i.e. "downstate".....Then there's the REST of us! North of Weschester and West of the and bitter clingers LOL.
    .end of politics--sorry but had to make the distinction

    Sentiment: Hold

  • Reply to

    O/T...Alarming News.

    by rbgambler99 Apr 19, 2016 4:40 PM
    eanitt eanitt Apr 20, 2016 12:17 PM Flag

    Exactly, Jersey....To any "kids" (maybe those in their 50'?): The "tricks" are: (1) To move tax-deferred cash/equities into Roth over time so as NOT to take an uncomfortable tax bit annually and (2) leave solid dividend producers in the tax-deferred from which the RMD can be "paid" and in my case--pay the tax-man on April 15th.. And buy more divy producers....It's all a game--just got to play it to your advantage---so long as THAT lasts!....And someone's good suggestion of taking the RMD and funding a spouse's account.....

  • Reply to

    O/T...Alarming News.

    by rbgambler99 Apr 19, 2016 4:40 PM
    eanitt eanitt Apr 19, 2016 6:05 PM Flag

    Your accountant should have SUGGESTED/URGED/ADVISED you a long time ago to transfer cash or in-kind equities bit by bit from tax-deferred account(s) TO your Roth----Yes you'd have to pay tax on the amount BUT less painful over several years and it's all yours from there on out. And you COULD still do some THIS tax year 2016 because you won't turn 70.5 yrs until 2017! Correct? The basis for the RMD you will need to pay for tax year 2017 will be the value of YOUR individual tax-deferred IRS--traditional/SEP-iras--added together on December 31, 2016. Bob.. I disagree with you on one thing...He's going to turn 69 THIS June, 70 June 2017 and 70.5 December 2017. As I am 70.5 THIS year (70th birthday last August) I just made a partial "installment" on my RMD a week ago--- Covered my 2015 tax bill! LOL But I have until ( technically) NEXT April 2017 to complete the RMD obligation. I had done a rough calculation last year of what it would be and 'lo and behold...Fidelity notified me TO THE PENNY in early January. Bless their hearts. In the meantime, Bob's right--GOOGLE RMD-- you'll find calculators that will ballpark what's ahead....Rock on!

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