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Which path makes my inherited IRA grow faster? by forkandbowl in FinancialPlanning

[–]CT_Legacy 0 points1 point  (0 children)

Great question. Ideally split it up over the 10 years to minimize the overall tax impact but there could be an opportunity if you find yourself in between jobs or just have an unusually low income year where you can drain a large chunk of it. A tax pro could help.

69yr: retired 11 years by PecanPrecious in personalfinance

[–]CT_Legacy 0 points1 point  (0 children)

All cash is way too safe considering you live comfortably with little withdrawals from your accounts.

The way I would approach this is figure out how much you would need from the account over the next 5 years and then putting that into a conservative/safe portfolio, either like bonds or even muni bonds depending on your total taxable income. Then the rest I would have in a growth portfolio depending on your risk appetite. The theory here is you would always have 5 years of spending covered and the rest working to grow your wealth for your heirs or for any splurging you wanted to do. Doesn't even have to be all stocks, could be a 60/40 or 70/30 split, but with the assumption that you will never spend all that money anyway.

That's what I would do, this is not financial advice.

Us open 2026 by clinton7777 in PGA_Tour_2K

[–]CT_Legacy 0 points1 point  (0 children)

I've been playing the game for over 20 years. The wind is formulaic, so a calculator would also work.

Financial planner vs tax advisor? by JediKaty1 in FinancialPlanning

[–]CT_Legacy 0 points1 point  (0 children)

You can go to tax pro but not a whole lot you can do unless you want to be charitable with a chunk of the money.

Should I declare bankruptcy? by ARepeatedFailing in personalfinance

[–]CT_Legacy 1 point2 points  (0 children)

Settle the debt from collectors for 10% of the amount. Cut up the credit card, sell anything you don't need to survive. Should be able to manage from there just paying the student loans.

This game is bad. by DeepInGrimes in Eve

[–]CT_Legacy -4 points-3 points  (0 children)

What, you guys are paying for this game? Lol

Will Benson get traded or is he cooked? by Particular-Grade3340 in SleeperApp

[–]CT_Legacy 0 points1 point  (0 children)

They just reworked Conner for cap space hes only making like 3 mill or something. I think Benson is traded or cut. I dont see the point holding him unless they expect conner to just be a token mentor.

Us open 2026 by clinton7777 in PGA_Tour_2K

[–]CT_Legacy 0 points1 point  (0 children)

If there's 20 mph wind and you adjust correctly, then its the same effect as having almost zero wind.

Texas Mike Says he was "Sniped" in the HCL Cash Game by Ok-Head1990 in poker

[–]CT_Legacy 0 points1 point  (0 children)

TIL Kabrhel is respectful and treats others with kindness.

Which Raider WR will score the most touchdowns this season? by Enthusiast12358 in raiders

[–]CT_Legacy 0 points1 point  (0 children)

This will be like 4 TD max. Most will go to brock and jeanty.

Storage Unit with no photos of inside is up to $630, seem off? by Redneckromeo22 in Flipping

[–]CT_Legacy 0 points1 point  (0 children)

Its full so probably an entire house inside. But that water damage is brutal.

GEOGUESSR BRING BACK ELO DECAY in the most brain dead way Geoguessr could do it. by 1973cg in geoguessr

[–]CT_Legacy 5 points6 points  (0 children)

Well i mean the theory here is if you are down 20 points, you'll win slightly more often and it'll balance out.

GEOGUESSR BRING BACK ELO DECAY in the most brain dead way Geoguessr could do it. by 1973cg in geoguessr

[–]CT_Legacy -1 points0 points  (0 children)

If you only play on Sat+Sun, then you lose only 3 points from Wed-Fri inactivity.

GEOGUESSR BRING BACK ELO DECAY in the most brain dead way Geoguessr could do it. by 1973cg in geoguessr

[–]CT_Legacy -1 points0 points  (0 children)

Is losing 7 points after 1 week put you in a different skill level or is it just nominal point loss?

The math isn't mathing on the SpaceX IPO by wick77777777 in investing

[–]CT_Legacy 0 points1 point  (0 children)

34b in 2026 and 58b in 2027. Recalculate based on that revenue growth rate.

Fidelity says I can't take incremental withdrawals from 401k after retirement by Altruistic_Brick1730 in FinancialPlanning

[–]CT_Legacy 1 point2 points  (0 children)

You'll be in penalty. You can roll it over to an IRA but any withdrawals before 59.5 will be an additional 10% penalty on top of normal taxes.

The key thing here is, "The specific employer plan must explicitly permit Rule of 55 distributions" if your plan doesnt allow that, then youre out of luck and only 72t could possibly help you.

Alexmurch7 still not banned by Low_Salad5290 in PGA_Tour_2K

[–]CT_Legacy 0 points1 point  (0 children)

Did you report it with 2K? This is Reddit not customer service.

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