WoV stock portfolio
May 30th, 2026 at 5:19:07 AM
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Quote: DRichI think between my current investments, my social security, and my life insurance policy they will be comfortable for 40 or more years.
it's a great thing that you have taken care of them to that extent
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the foolish sayings of a rich man often pass for words of wisdom by the fools around him
May 30th, 2026 at 11:44:06 AM
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Quote: billryanSo why worry about the next two years?
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Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
You can't know everything, but you can know anything.
May 31st, 2026 at 4:24:22 AM
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Quote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
May 31st, 2026 at 7:42:36 PM
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Quote: tuttigymQuote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
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I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
You can't know everything, but you can know anything.
May 31st, 2026 at 10:28:50 PM
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Quote: DRichQuote: tuttigymQuote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
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I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
May 31st, 2026 at 11:48:28 PM
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Quote: tuttigymQuote: DRichQuote: tuttigymQuote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
link to original post
I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
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No, stop that! Anyone who is feeling suicidal should be encouraged to fake their death instead.
For to fake your death requires intelligence and creativity. When well done, it is a performance art project, and even if you are discovered you will be remembered admirably. Suicide is something some depressed emu girl dressed all in black might do. Who would you rather be, Ken Kesey, or a dumb emu girl?
June 1st, 2026 at 2:44:36 AM
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not going to look it up, but there was maybe more than one person who has used a balloon to send away the gun he used to shoot himself, making it look like murder ... the one case I saw something about, cops put together all the clues to say the missing gun probably wound up in the Atlantic Ocean and it was suicide
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 1st, 2026 at 5:50:18 AM
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lots of excitement being generated by this re Elon Musk's company
per news reports investors are more worried about missing out then they are about the stock becoming overvalued
fomo will drive the stock way, way up imo - looks like ez $$$ if you can get in on it with a sizeable amount -
"AI Overview
SpaceX plans to trade on the Nasdaq exchange under the ticker symbol SPCX. Following its confidential filing and the release of its IPO prospectus, the highly anticipated public offering is slated to occur during the second week of June, on June 12
The company is targeting a valuation of roughly $1.75 trillion and plans to raise between 40 billion and 80 billion, which would easily shatter the record for the largest IPO in history.
According to public filings, this expected valuation will accompany the company's massive Initial Public Offering (IPO), allowing investors to buy into a combined rocket manufacturer, telecom provider, and AI lab.
Direct Brokerage Access:
A portion of the shares in the offering will be sold directly through online retail brokerages like Robinhood, Fidelity, and Charles Schwab.
High Expected Demand:
Because this is anticipated to be the largest IPO in U.S. history, demand will be incredibly high, and retail investors may experience limits on the number of shares they are initially able to purchase.
Index Fund Inclusion:
If you hold broad market ETFs or mutual funds tracking the Nasdaq-100 or S&P 500, you will likely gain exposure to SpaceX by default, as massive public listings are fast-tracked for index inclusion."
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lots of excitement being generated by this re Elon Musk's company
per news reports investors are more worried about missing out then they are about the stock becoming overvalued
fomo will drive the stock way, way up imo - looks like ez $$$ if you can get in on it with a sizeable amount -
"AI Overview
SpaceX plans to trade on the Nasdaq exchange under the ticker symbol SPCX. Following its confidential filing and the release of its IPO prospectus, the highly anticipated public offering is slated to occur during the second week of June, on June 12
The company is targeting a valuation of roughly $1.75 trillion and plans to raise between 40 billion and 80 billion, which would easily shatter the record for the largest IPO in history.
According to public filings, this expected valuation will accompany the company's massive Initial Public Offering (IPO), allowing investors to buy into a combined rocket manufacturer, telecom provider, and AI lab.
Direct Brokerage Access:
A portion of the shares in the offering will be sold directly through online retail brokerages like Robinhood, Fidelity, and Charles Schwab.
High Expected Demand:
Because this is anticipated to be the largest IPO in U.S. history, demand will be incredibly high, and retail investors may experience limits on the number of shares they are initially able to purchase.
Index Fund Inclusion:
If you hold broad market ETFs or mutual funds tracking the Nasdaq-100 or S&P 500, you will likely gain exposure to SpaceX by default, as massive public listings are fast-tracked for index inclusion."
.
Last edited by: lilredrooster on Jun 1, 2026
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 1st, 2026 at 1:24:42 PM
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So was expecting to post about a new ATH…. but no! META snd TSLA are amongst the portfolios biggest holdings and both got hammered today.
NVDA up big again today.
Was doing some research on automotive companies.
Looked at Ford, GM, Winnebago, Camping World, Honda, Subaru, Volkswagen, and Volvo. The combined market cap for those 8 companies is less than how much NVDA increased….. TODAY.
NVDA up big again today.
Was doing some research on automotive companies.
Looked at Ford, GM, Winnebago, Camping World, Honda, Subaru, Volkswagen, and Volvo. The combined market cap for those 8 companies is less than how much NVDA increased….. TODAY.
June 2nd, 2026 at 4:39:51 AM
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Soopoo - I'm curious -
what's your opinion of the stock I posted about - Musk's SPCX - which will open up for trading soon and many expect to generate lots of excitement
worth a play - ?
thanks
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Soopoo - I'm curious -
what's your opinion of the stock I posted about - Musk's SPCX - which will open up for trading soon and many expect to generate lots of excitement
worth a play - ?
thanks
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 2nd, 2026 at 5:07:43 AM
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Quote: lilredrooster.
Soopoo - I'm curious -
what's your opinion of the stock I posted about - Musk's SPCX - which will open up for trading soon and many expect to generate lots of excitement
worth a play - ?
thanks
.
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I’m not really good at those guesses!
Its price will of course make no sense to me. It’s LOSING over a BILLION dollars a month. It’s a random guess as to when they can become even a minimally profitable company!
I’m sure I’ll have plenty of exposure in my myriad of ETFs and one mutual fund. I will buy a small amount so it’s easier for me to track. Kind of like how I bought 4 shares of Nividia..
So to answer…. I’m not planning on any meaningful investment in it.
June 2nd, 2026 at 5:43:25 AM
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I will have exposure in my funds too
I think it would be a great play to get in on June 12 and quickly get out after it booms upward (if it does that as many seem to think it will)
to get out after one week
it's not my thing - not the way I invest, so I'll pass - don't wanna change my style after all of these years
it is quite interesting to watch and see how this plays out
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I will have exposure in my funds too
I think it would be a great play to get in on June 12 and quickly get out after it booms upward (if it does that as many seem to think it will)
to get out after one week
it's not my thing - not the way I invest, so I'll pass - don't wanna change my style after all of these years
it is quite interesting to watch and see how this plays out
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 2nd, 2026 at 8:21:21 AM
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Quote: SOOPOO+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
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Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.
June 2nd, 2026 at 9:57:54 AM
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Quote: tuttigymQuote: DRichQuote: tuttigymQuote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
link to original post
I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
link to original post
Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
You can't know everything, but you can know anything.
June 2nd, 2026 at 12:51:22 PM
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Quote: DRichQuote: tuttigymQuote: DRichQuote: tuttigymQuote: DRichQuote: billryanSo why worry about the next two years?
link to original post
Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post
Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.
tuttigym
link to original post
I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
link to original post
Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post
How selfish can you be?
The older I get, the better I recall things that never happened
June 2nd, 2026 at 2:09:55 PM
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Quote: DRichQuote: tuttigymQuote: DRich
I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
link to original post
Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post
Now what if... you could both kill yourself AND keep the money? There is a solution, in Bitcoin!
The beneficiary of the life insurance is a trust, and that trust has instructions to convert the payment to Bitcoin and send it to a particular address which you have given them.
Now Bitcoin is pure information, and we know from science that information is conserved. The fact that those bitcoins are yours isn't going anywhere, even after your physical death. And we can recreate our Bitcoin accounts anywhere, with a 24-word passphrase, all drawn from a list of 2048 common English words. That's 11 bits of entropy per word, total 264 bits. Yeah nobody's cracking that. So all you have to do is remember those 24 words, and if God allows such things, you will have your Bitcoin to spend in your afterlife!
So how can you be sure you are going to remember those words in your afterlife? They say we will be called to account for our sins. So I have committed a sin that corresponds to each of those words. Like a mnemonic. For example one of the words on the list is GARBAGE, so if that's one of your words you can strew garbage in the street. Another one is KNIFE so you can threaten someone with a knife. JUDGE is one of the words and that's already a sin, you can be judgmental of your fellow man.
And on my list, one of the words is HAMSTER. What???!?! NO! And I'm like, "God, take this cup from me, I cannot bear to sin with a HAMSTER!" My sin life is rich, but does not include death or suffering to any being.
But I figured it out- I stole one from a pet shop. There, there's my hamster sin. Gave it to a little girl at the mall, so that she knows the world is good and cares for her, and my BIP39 litany of sins is complete. Now in Heaven I will have funds, for useful and benevolent works. First I will compensate the pet shop owner, and after that, the sky's the limit!
June 2nd, 2026 at 2:16:19 PM
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Quote: AutomaticMonkeyQuote: DRichQuote: tuttigymQuote: DRich
I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post
There you go, and now you don't have to "fake your death." Feeling better now?
tuttigym
link to original post
Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post
Now what if... you could both kill yourself AND keep the money? There is a solution, in Bitcoin!
The beneficiary of the life insurance is a trust, and that trust has instructions to convert the payment to Bitcoin and send it to a particular address which you have given them.
Now Bitcoin is pure information, and we know from science that information is conserved. The fact that those bitcoins are yours isn't going anywhere, even after your physical death. And we can recreate our Bitcoin accounts anywhere, with a 24-word passphrase, all drawn from a list of 2048 common English words. That's 11 bits of entropy per word, total 264 bits. Yeah nobody's cracking that. So all you have to do is remember those 24 words, and if God allows such things, you will have your Bitcoin to spend in your afterlife!
So how can you be sure you are going to remember those words in your afterlife? They say we will be called to account for our sins. So I have committed a sin that corresponds to each of those words. Like a mnemonic. For example one of the words on the list is GARBAGE, so if that's one of your words you can strew garbage in the street. Another one is KNIFE so you can threaten someone with a knife. JUDGE is one of the words and that's already a sin, you can be judgmental of your fellow man.
And on my list, one of the words is HAMSTER. What???!?! NO! And I'm like, "God, take this cup from me, I cannot bear to sin with a HAMSTER!" My sin life is rich, but does not include death or suffering to any being.
But I figured it out- I stole one from a pet shop. There, there's my hamster sin. Gave it to a little girl at the mall, so that she knows the world is good and cares for her, and my BIP39 litany of sins is complete. Now in Heaven I will have funds, for useful and benevolent works. First I will compensate the pet shop owner, and after that, the sky's the limit!
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If you can show me the method to monetize it in death for my benefit, I will consider it.
You can't know everything, but you can know anything.
June 2nd, 2026 at 2:54:20 PM
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Quote: SOOPOOQuote: SOOPOO+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
link to original post
Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.
link to original post
What went up 225 percent?
June 2nd, 2026 at 4:01:13 PM
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Quote: GenoDRPhQuote: SOOPOOQuote: SOOPOO+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
link to original post
Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.
link to original post
What went up 225 percent?
link to original post
Up 255%. The value of the WoVportfolio. I started it around 15 years ago and mostly used individual WoV members suggestions to buy those stocks. So if it was $1 million then, it’s $3.55 million today. There have been no deposits to it or withdrawals from it since inception.
The NVDA comment is meant to highlight how big a company it is. Large companies like Ford are mere tip money compared to NVDA.
It’s now only up 254% after TWCUX went down.
June 2nd, 2026 at 4:50:04 PM
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That's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.
The older I get, the better I recall things that never happened
June 2nd, 2026 at 5:01:21 PM
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Quote: billryanThat's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.
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In around 7 years I’ll have to start taking those minimum mandatory withdrawals. The money that is withdrawn will be subject to taxes. Until then it grows tax free. And presumably the majority of this money will pass to my heirs who then will have access to it tax free.
June 2nd, 2026 at 5:09:36 PM
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Those RMDs add up real fast, especially if you have other income, but there are much worse problems to have.
The older I get, the better I recall things that never happened
June 3rd, 2026 at 4:19:43 AM
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Quote: SOOPOOUp 255%. The value of the WoV portfolio. I started it around 15 years ago and mostly used individual WoV members suggestions to buy those stocks.
when I asked on the web for some info the answer I got indicates the WOV portfolio has trailed the S&P 500 index by a lot
"AI Overview
Over the last 15 years, the S&P 500 index has gone up roughly 434% in price alone. When including the reinvestment of dividends—which is the standard way to calculate total returns—the index has generated a total return of 609%
About 15 years ago (in June 2011), the S&P 500 hovered around the 1,300 mark. For example, on June 3, 2011, it closed at 1,300.16."
For comparison, the index is now priced above 7,600 "
while you can't buy the index directly, there are many different funds that are designed to mirror its performance - see below
what follows is technical info that may not be of interest to everybody but was to me (which is why I separated it from the more pertinent info)
since you cannot buy the S&P 500 directly ( but you can buy funds that mirror its performance) I wondered how that price was calculated
this was the answer I got:
"AI Overview
The S&P 500 is a market capitalization-weighted index. Its value is calculated by taking the sum of the free-float market capitalization of all 500 member companies and dividing it by a proprietary index divisor.
All 500 individual free-float market caps are added together to find the grand total. This total represents the numerator in the index equation. Because larger companies are worth more, they contribute a larger amount to the total sum, effectively weighing the index so that massive companies (like Apple or Microsoft) have a greater impact on the final price.
The total market capitalization is then divided by a confidential "Divisor" to produce the final number displayed on the ticker.
The Divisor is a normalized, mathematically adjusted number used to ensure that the index's value doesn't change arbitrarily. Whenever a company is added or removed, or when companies undergo corporate actions (like stock splits), the Divisor is adjusted behind the scenes so that these events do not falsely inflate or deflate the value of the S&P 500 from one day to the next."
these are some of the funds designed to mirror the performance of the S&P 500:
Vanguard S&P 500 ETF (VOO)
Fidelity 500 Index Fund (FXAIX)
SPDR S&P 500 ETF Trust (SPY)
Schwab S&P 500 Index Fund (SWPPX)
iShares Core S&P 500 ETF (IVV
there are others
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Last edited by: lilredrooster on Jun 3, 2026
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 3rd, 2026 at 6:12:14 AM
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Quote: SOOPOOQuote: billryanThat's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.
link to original post
In around 7 years I’ll have to start taking those minimum mandatory withdrawals. The money that is withdrawn will be subject to taxes. Until then it grows tax free. And presumably the majority of this money will pass to my heirs who then will have access to it tax free.
link to original post
"Tax free" is an incorrect phrase or statement. The correct term is TAX DEFERRED.
If funds are in a tax deferred account, how do heirs or beneficiaries receive those held funds "tax free" at their dispersal? It is my understanding that all funds in a tax deferred account are TAXED to the recipient when dispersed. For instance, taxed deferred interest in an annuity is taxed to the beneficiary at the death of the policy owner or taxed to the policy owner when the annuity is surrendered.
Please answer.
tuttigym
June 3rd, 2026 at 6:48:40 AM
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Quote: tuttigymQuote: SOOPOOQuote: billryanThat's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.
link to original post
In around 7 years I’ll have to start taking those minimum mandatory withdrawals. The money that is withdrawn will be subject to taxes. Until then it grows tax free. And presumably the majority of this money will pass to my heirs who then will have access to it tax free.
link to original post
"Tax free" is an incorrect phrase or statement. The correct term is TAX DEFERRED.
If funds are in a tax deferred account, how do heirs or beneficiaries receive those held funds "tax free" at their dispersal? It is my understanding that all funds in a tax deferred account are TAXED to the recipient when dispersed. For instance, taxed deferred interest in an annuity is taxed to the beneficiary at the death of the policy owner or taxed to the policy owner when the annuity is surrendered.
Please answer.
tuttigym
link to original post
you are correct tuttigym
if there is an rmd that means it is a traditional IRA and will be taxable when the heirs take possession
if it was a Roth Ira there would be no taxation when it is passed to heirs since Roth contributions are made with after tax dollars
I made a mistake when I bought a traditional IRA instead of a Roth Ira
I got a tax break each year but it really wasn't all that much
now my heirs will face a significant tax burden when they take their rmd
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 3rd, 2026 at 7:00:27 AM
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If you are fortunate enough to inherit an IRA, large or small, you still owe taxes on your withdrawals. Your RMDs will be taxed as you withdraw them, which can easily push you into a higher tax bracket for all of your income.
Several people have mentioned that if they die, their heirs inherit the money tax-free. That is incorrect.
Several people have mentioned that if they die, their heirs inherit the money tax-free. That is incorrect.
The older I get, the better I recall things that never happened
June 3rd, 2026 at 7:08:11 AM
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Quote: billryanIf you are fortunate enough to inherit an IRA, large or small, you still owe taxes on your withdrawals.
Several people have mentioned that if they die, their heirs inherit the money tax-free. That is incorrect.
as I indicated it is correct if they inherit a Roth Ira
in that situation they will not be taxed on their withdrawals
imo the Roth Ira, for that reason, is a much better deal
which I wasn't sharp enough to take advantage of unfortunately
the Roth Ira is one of very few investments where the profits are not taxed
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 3rd, 2026 at 7:18:13 AM
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Profits?
A real businessman never makes a profit. When you make a profit, the government expects all sorts of things from you- taxes, charitable donations, community givebacks, and the like. It's much easier to just lose money every year.
A real businessman never makes a profit. When you make a profit, the government expects all sorts of things from you- taxes, charitable donations, community givebacks, and the like. It's much easier to just lose money every year.
The older I get, the better I recall things that never happened
June 3rd, 2026 at 7:24:31 AM
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Quote: billryanProfits?
A real businessman never makes a profit. When you make a profit, the government expects all sorts of things from you- taxes, charitable donations, community givebacks, and the like. It's much easier to just lose money every year.
link to original post
Why worry about what the government expects? Only consider what the government requires like taxes. Businesses need to be fluid, the government needs your tax dollars. Look at all of the businesses leaving California. At some point California will be offering big enough incentives that companies will come back.
You can't know everything, but you can know anything.
June 3rd, 2026 at 7:25:08 AM
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Quote: lilredroosterQuote: billryanIf you are fortunate enough to inherit an IRA, large or small, you still owe taxes on your withdrawals.
Several people have mentioned that if they die, their heirs inherit the money tax-free. That is incorrect.
as I indicated it is correct if they inherit a Roth Ira
in that situation they will not be taxed on their withdrawals
imo the Roth Ira, for that reason, is a much better deal
which I wasn't sharp enough to take advantage of unfortunately
the Roth Ira is one of very few investments where the profits are not taxed
.
link to original post
Thanks for the info. Quick Google search reveals my sons will have to take the RMDs and can spread it out over 10 years.
I guess we have to pay for roads, the army, border security, etc…. somehow…..
June 3rd, 2026 at 7:36:08 AM
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.
heirs generally owe no tax on inherited non Ira accounts -
including no tax on the capital gains of those accounts
most inherited assets benefit from a step-up in basis, meaning the value of the asset is adjusted to its fair market value on the day the original owner passed away
there are 6 States where heirs may owe some state tax on their non Ira inheritance
.
heirs generally owe no tax on inherited non Ira accounts -
including no tax on the capital gains of those accounts
most inherited assets benefit from a step-up in basis, meaning the value of the asset is adjusted to its fair market value on the day the original owner passed away
there are 6 States where heirs may owe some state tax on their non Ira inheritance
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 3rd, 2026 at 8:12:21 AM
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Quote: SOOPOOQuote: lilredroosterQuote: billryanIf you are fortunate enough to inherit an IRA, large or small, you still owe taxes on your withdrawals.
Several people have mentioned that if they die, their heirs inherit the money tax-free. That is incorrect.
as I indicated it is correct if they inherit a Roth Ira
in that situation they will not be taxed on their withdrawals
imo the Roth Ira, for that reason, is a much better deal
which I wasn't sharp enough to take advantage of unfortunately
the Roth Ira is one of very few investments where the profits are not taxed
.
link to original post
Thanks for the info. Quick Google search reveals my sons will have to take the RMDs and can spread it out over 10 years.
I guess we have to pay for roads, the army, border security, etc…. somehow…..
link to original post
When my Mom died, we had five years to empty her IRAs. A year or two later, they expanded it to ten years, but it wasn't retroactive. The rules were changed during COVID but I'd already cashed them out.
An IRA and a ROTH IRA are very different types of accounts. One is funded with pre-tax dollars, and the other is funded with after-tax dollars. The IRA account will grow faster and is tax-deferred. The Roth grows more slowly but is tax-free. Two different tools
I have a small IRA, which might reach 100K before I start my RMDs, but I prefer a pay as you go style .
The older I get, the better I recall things that never happened
June 3rd, 2026 at 8:33:44 AM
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Quote: billryanThe IRA account will grow faster and is tax-deferred. The Roth grows more slowly but is tax-free.
what you have posted that I have quoted is incorrect
whether it is tax free or tax deferred has nothing at all to do with how the investments will perform
assuming there are the same investments in each account they will grow at exactly the same rate
.
Last edited by: lilredrooster on Jun 3, 2026
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 3rd, 2026 at 11:25:57 AM
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Quote: lilredroosterQuote: billryanThe IRA account will grow faster and is tax-deferred. The Roth grows more slowly but is tax-free.
what you have posted that I have quoted is incorrect
whether it is tax free or tax deferred has nothing at all to do with how the investments will perform
assuming there are the same investments in each account they will grow at exactly the same rate
.
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Perhaps one of your AIbots can explain it to you.
How about this? Let's say you want to deposit $6,000 into your Roth IRA. It's after-tax income, so you pay about $ 2,600 in taxes in the year you deposit it into your Roth. Deposit the money into a regular IRA and you are putting in the entire $8600.
After three years, the Roth account has $18,000, the regular IRA has 25,800 dollars .
After 10 years, your Roth has $60,000, while your regular IRA has $86,000. Which will grow faster? The $60,000 account or the $86,000 account?
Let's pretend you only buy one stock- Coca-Cola. While the stock will grow at the same percentage for both accounts, the regular IRA is earning dividends on the $86,000, and its growth, while the Roth is only earning dividends on the $60,000, and its growth.
The difference is that the Roth will result in a lower total, but it is tax-free, while the IRA produces more but is still subject to taxes. A traditional IRA can cause your entire income to be subject to a higher tax rate, while a Roth IRA allows tax-free distributions.
Each has its good points and its negatives, and alternatives exist that are better than either. That is where a financial planner may be very useful.The older I get, the better I recall things that never happened
June 3rd, 2026 at 11:45:38 AM
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While the public is seemingly obsessed with Musk's new offering, Marvell is skyrocketing.
The older I get, the better I recall things that never happened
June 3rd, 2026 at 6:06:59 PM
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Quote: billryanHe did say 'assuming you start with the same amounts' or similar and he was correct. You are correct that you can't ignore the taxes you presumable paidQuote: lilredroosterQuote: billryanThe IRA account will grow faster and is tax-deferred. The Roth grows more slowly but is tax-free.
what you have posted that I have quoted is incorrect
whether it is tax free or tax deferred has nothing at all to do with how the investments will perform
assuming there are the same investments in each account they will grow at exactly the same rate
.
link to original post
Perhaps one of your AIbots can explain it to you.
How about this? Let's say you want to deposit $6,000 into your Roth IRA. It's after-tax income, so you pay about $ 2,600 in taxes in the year you deposit it into your Roth. Deposit the money into a regular IRA and you are putting in the entire $8600.
After three years, the Roth account has $18,000, the regular IRA has 25,800 dollars .
After 10 years, your Roth has $60,000, while your regular IRA has $86,000. Which will grow faster? The $60,000 account or the $86,000 account?
Let's pretend you only buy one stock- Coca-Cola. While the stock will grow at the same percentage for both accounts, the regular IRA is earning dividends on the $86,000, and its growth, while the Roth is only earning dividends on the $60,000, and its growth.
The difference is that the Roth will result in a lower total, but it is tax-free, while the IRA produces more but is still subject to taxes. A traditional IRA can cause your entire income to be subject to a higher tax rate, while a Roth IRA allows tax-free distributions.
Each has its good points and its negatives, and alternatives exist that are better than either. That is where a financial planner may be very useful.
link to original postthe next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
