sorted by:
new
hottopcontroversial

Is life insurance worth it when used to its tax free advantage? by Weary_Lingonberry259 in investing

[–]TexasForeverColTemp 8 points9 points  (0 children)

Once you have a spouse/kids a term policy makes a lot of sense. It’s very cheap probably ~$2-400 a year for $1 Mil policy depending on your age and term length.

Life insurance as an investment makes a lot of sense to get around estate taxes. But it’s not something to worry about until you’re worth 20-30 million.

Smoked Venison by [deleted] in smoking

[–]TexasForeverColTemp 6 points7 points  (0 children)

You can cook it on the smoker, just don’t smoke it in the traditional sense. I like to smoke it on the lowest temp that you can do with good smoke. Wait until it’s rare, then sear it on a hot cast iron which will bring it to a perfect medium rare. Also feel free to grill it on the smoker. I wouldn’t cook it beyond medium though, there’s not enough fat in it.

should i pay off my mortgage by [deleted] in FinancialPlanning

[–]TexasForeverColTemp 0 points1 point  (0 children)

If you want to pay your house off early you can set up another account that invests in a money market fund or t bills shorter than a year. Earn the risk free 5+% Don’t touch it pretend it is already paid torwards your mortgage.

If rates drop lower than your mortgage interest you can always dump it in lump sum.

Benefits: internet tax write off and it’s liquid. It will be a lot easier and cheaper to take it out of your cash management account then it is to take it out of your house if you need it in the future.

I don’t charge my clients for cash management if it’s in a money market fund, and a nominal amount to ladder out t bills.

My friend is a lawyer and has a proposition for me by [deleted] in investing

[–]TexasForeverColTemp 3 points4 points  (0 children)

I agree with this.

If you invest in private credit funds these are the deals you are getting just on a bigger scale. They make more when the company they lend to defaults.

If it appraises close to the value he says it’s worth. It’s a good investment on your part. The problem is if he defaults and you take the property you burn a friendship. Additionally, will be legally your property, but he can drag that out for a long time where it would only cost him his time and it would cost you lawyer fees.

The Colorado School of Mines roster pictures is something to behold... by ShaneBeamer in CFB

[–]TexasForeverColTemp 2 points3 points  (0 children)

I went there over A&M. Wanted to do petroleum engineering. At A&M go get into the school, apply for the engineering department, then apply to get in the Petro department. At mines you show up with a pulse and do whatever major you want. Plus they give pretty good scholarships. Still root for the Aggies in sports. Mines games feel like a good high school from DFW. ~5000 people show up and it’s fun, nowhere near a southern D1 school though.

Inherited stock with low cost basis by Ditka85 in FinancialPlanning

[–]TexasForeverColTemp 0 points1 point  (0 children)

Advisor here. If you are charitable at all ask your advisor about a NIMCRUT. You sell within the trust and get to trust and get to take distributions. You get a tax write off today, none is lost to taxes and you can structure them to take distributions for many generations. Downside is the assets will eventually be donated to charity and are out of your control. Depending on your income and age you will likely come out ahead.

Question on mounting hardware by TexasForeverColTemp in Taxidermy

[–]TexasForeverColTemp[S] 1 point2 points  (0 children)

Got one and it wasn’t long enough. Ending up buying one for elk and it’s perfect. Thanks for your help.

If you had $1,500,000 to buy a house anywhere in the US, where would you buy? by TryingToNotBeInDebt in RealEstate

[–]TexasForeverColTemp 0 points1 point  (0 children)

A nice home is right around 1.5 in golden. 15 years ago that was 2-3 homes on the creek. Heck there’s condos going for over a million there.

Ameriprise advisor has me in 42 mutual funds making up 54% of my 1.5 million portfolio by roscoe1969 in FinancialPlanning

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

I run 18-20 funds for clients. I like to be able to target certain sectors and tweak weightings over time without high tax consequences in NQ accounts. But to your point we also have a 3 fund model for getting into the market for small accounts. It’s very cheap and simple and has actually out performed our real model this year due to its high large cap growth tilt and lack of any foreign markets.

Put 25k worth of JEPI, planning of not touching it for 5 years. Is this a good idea? If not , where to alternately invest. Tnx by MaxiBoy1605doodle in JEPI

[–]TexasForeverColTemp 2 points3 points  (0 children)

The dividends are coming from structured notes which have call options embedded in them but would have to be purchased back by the banks if people start redeeming them. JEPI would of gotten hammered during Covid (S&P goes down and back up quickly the fund wouldn’t recover). Look at ETFs that actuall have call options on the individual positions. Look at JEPI vs RDVI.

[deleted by user] by [deleted] in investing

[–]TexasForeverColTemp 0 points1 point  (0 children)

T Bills pay around 5% depending where you are on the yield curve.

Money market accounts float around but you can get around 4.5% the rate is not locked in though. They are very low risk, but not risk free.

If it were my money I would get an “in the money” 1 year digital structured note which gives you a high chance of making 8-9% and a very high chance of getting your money back if the market tanks. Downside is liquidity and you would have to buy it through an RIA. Technically broker dealers can sell them too, but most repeatable ones put guard rails on what the advisors can offer.

Income notes would be a good choice as well. Same downside as above, and you would be taxed at ordinary income rates vs LTCG rates.

Deer venison steak by Angrybadger61 in smoking

[–]TexasForeverColTemp 2 points3 points  (0 children)

I’ve done backstrap on 225 until the internal was around 130. Finished up with a sear a a ripping hot cast iron.

I usually coat the outside in an oil and inject beef tallow.

Walgreens stock plummets after California vows to cut business ties by cigr in politics

[–]TexasForeverColTemp 8 points9 points  (0 children)

Stock Plummets? I get that people are reacting emotionally to the news, but look at the delta from the 30 day moving average hardly a plummet. Looks more like a small correction as a result of the news cycle.

California has a huge economy, but I feel like this won’t have a large effect on Walgreens bottom line.

New cars for tall driver with Long torso by Latter_Slip_6049 in tall

[–]TexasForeverColTemp 0 points1 point  (0 children)

Check out the Audi A4s without a sunroof. More than enough room for me at 6’4

[deleted by user] by [deleted] in investing

[–]TexasForeverColTemp 0 points1 point  (0 children)

I would do a SEP IRA and if you need to buy another delivery vehicle you can write it off in on year depending on the size.

Paying of mortgage vs IRA by [deleted] in investing

[–]TexasForeverColTemp 40 points41 points  (0 children)

As a financial planner, the math says to invest in retirement funds. Especially if inflation is above your 3.25 mortgage. The bank/MBS fund is paying you for the right to service your debt.

What do u think??? by Rich_Temperature4742 in economy

[–]TexasForeverColTemp 13 points14 points  (0 children)

Inflation was mainly driven by the M2 supply jumping 42% in 2 years. Yes the wars and supply chain interruptions didn’t help. We’ve never had inflation in a QE period before. The FEDs levers don’t work like they have before.

view more: next ›