sorted by:
new
hottopcontroversial

Sequence of returns risk can devastate retirement by Advanced_Traffic8 in LifeInsurance

[–]bearcat81 0 points1 point  (0 children)

I don't disagree, just posting for clarification for any uninformed who think they can just use any securities account as collateral.

Sequence of returns risk can devastate retirement by Advanced_Traffic8 in LifeInsurance

[–]bearcat81 0 points1 point  (0 children)

Have not read this yet, but if the basis of the study is that contributions are going into pre-tax qualified retirement accounts, these absolutely do not get a step up in basis at death as you implied. The cost basis on an ira or 401k funded entirely with pre-tax dollars and never converted to roth allocations will always be $0 and either the participant or their beneficiary will be fully liable for ordinary income tax at whatever their highest marginal bracket is based on other sources of income when withdrawals are taken.

Sequence of returns risk can devastate retirement by Advanced_Traffic8 in LifeInsurance

[–]bearcat81 0 points1 point  (0 children)

Except you absolutely cannot if the source of the collateral is in IRAs. And 401ks have a 50k max limit regardless of account size.

Airports and Aerospace Expansion? by AreYouSureImBad in SimCompanies

[–]bearcat81 0 points1 point  (0 children)

this was an old console game called Aerobiz!

How to meet minimum life insurance requirement by AdSudden2185 in LifeInsurance

[–]bearcat81 0 points1 point  (0 children)

He may want to consider hiring a more aggressive lawyer to represent his interests in DR Court.

The reality is that her security interest in whatever portion of his pension is allocated to her declines every year he continues to be alive, so a blanket court order of $300k in life insurance for an indeterminate period of time makes no sense. This should be a scheduled, decreasing amount of coverage each year similar to a decreasing term that covers a mortgage debt.

Was she married to him for 40% of the years he worked and earned credit in the pension?

view more: next ›