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Reagan1k
Certifiably Surly-
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Everything posted by Reagan1k
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I don’t think there’s much left you can do given the stated goal…… but would ask a question - considering this year’s income, your age, and expected career earnings…. Have you looked at the possibility you’d be better off paying the taxes this year if you’ll likely be in a higher bracket later on? Bracket arbitrage depends on a lot of assumptions but if you have any degree of certainty or a long runway of higher future income ahead, you might be stepping over dollars to pick up dimes this year by going all deductible/ traditional vs. Roth. Maybe - maybe not- but one does have to consider that.…. Edited to acknowledge there may be some other reason to keep income down besides just paying lower taxes. That changes the calculations by introducing an outside variable or external need to reduce AGI.
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Yeah- and that’s where the bonds as mentioned above or some other alternative asset class that doesn’t move lock step with equity will pay off. You aren’t holding them to meet or exceed your expected long term equity returns, but you can lessen sequence of return risk when withdrawing by having different asset classes from which you pull those funds in certain years. Having the flexibility to pull fixed income coupon payments and even spend the principal on a maturing bond allows reinvestment of stock dividends into and no or few withdraws from an equity position that’s been hammered so you don’t eat all the seeds you’d need for next year’s crop. If you aren’t taking planning on taking an income off a portfolio then it’s a mute point, but if you need to siphon off a few percent a year starting in the next 5-10 years, it’s worth seeing how the simulations and probability of success run for you by adding some fixed income vs. staying 100% equity. You sure as shit don’t want to enter retirement and start immediately pulling from a 100% equity portfolio at the same time the market is in or entering a secular bear phase … and you can’t predict that looking out at your retirement date. Emotionally it can feel counterintuitive, but the maths work when withdrawals and sequence of risk enter the chat.
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Virtually no cost to it relative to return on just one hit. Not spending human capital. Pressing play and executing a run on a program daily. If it’s even a semi legit operation, they probably have other & better marketing running simultaneously and email blast is just picking up loose change.
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My old partner (retired) still comes to the office 2 days a week for a couple hours each. He has no business even looking at emails but out of respect and to help keep him mentally engaged, he still has an account. Nothing of any importance but he gets to tell people he’s still working/consulting. Harmless! At least twice a month he asks if my assistant will call xxxx and tell “him” to quit bothering retired partner with emails. He can’t wrap his head around bots and spam. He’s convinced someone is typing an email TO HIM. So yeah/ they get the attention of and some hits from that generation. Biggest volume I get lately is SEO and someone found an error on my website they want to fix and demo their capabilities…… that a construction takeoff services using AI. Dozen a day - all get block sender and into junk, but they change the url so even that is really a waste or time.
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I ‘member those. I wanted to peak at the 70’s. I’m still hunting an as-built Bob (Std. and Fwt.), Swift, and 375 Alaskan. Really want to close those out. You give a few generations +/- 75yrs and someone’s going to take something off or screw something on. No judgement there. Rifles are tools for working, but I’m a sucker for as-built. I bid on dozens of 70’s per year and get my fair share, but none of those iterations have been under my ceiling. Time to raise the roof a bit probably.
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Like @BearSchlong, I can’t stop once I start, and I can’t stay stopped…… without a sufficient substitute that I found in recovering. No one seemed to understand, Alcohol wasn’t a problem, it was a solution for me, but the solution had horrible consequences. Taking medication for a cold that give me cancer - over and over. having a different perspective and a new way to views the rules of engagement in life through the steps of AA proved to be a solution to my problems that exceeded any hope I might have had. I just wanted to stop. It gave me far more. If you find you can’t stay stopped without becoming miserable- restless, irritable and discontent- there is a solution. Come on in….. The door is open. Godspeed!
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Just watched the manager at IAH Centurian lounge verbally destroy some arrogant, entitled ass who was trying to big shot the check in and then got belligerent with the staff when they told him he had to do what everyone else does to get in. breath of fresh air!
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Nice!!!!! I've got the euro and asian common weapons too....Mausers, Mosin, Enfield, SKS, etc. I like them all unfortunately. In fact, the Enfield 5 MK1 (Jungle Carbine) might be my favorite. I don't know why - childhood fascination I guess. All I can figure is that all those Saturday's watching Rat Patrol imprinted on me. Haven't dipped into the German handguns yet. Too daunting to learn. Too many copies and variants - I get overwhelmed and don't have that itch. Hey - that sporterized 1903 far right looks like a really well done rifle. Any story to it? There are some damn fine custom rifles made off those actions. Someone spent some time and money on your dads. Not uncommon to see some exquisitely built rifles on that action from even the Griffin and Howes of the world.
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Yep - I was fortunate enough to get drawn on the random number generator in the very 1st cycle. Got a Remington frame with an Ithaca slide. Nice gun. They went through a few more rounds when it was lifetime limit of one 1911, and then they got some more. They reopened the applications. Now into what I guess they call phase II where someone like me who's already bought can put in for another. I'm in the hopper for another one if/when my number gets pulled. I'm up to 12 Garands, a 1911, a .30 carbine, a 1917, and two 1903s (1903's I bought in store in Talladega). It's a bad habit that's easy to justify because of their (CMP's) pricing. I tell myself I'm not spending money since they're priced well below market. That said, I'd never sell them unless under duress and if I'd run out of my wife's shit to sell.
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Got two more Garands from the CMP - bit unexpectedly. I'd forgotten I put in another request since it took 5 months to fill it, but pleased with what they shipped. S.A. receivers with summer '41 and spring '44 production dates. Barrels are new. Muzzle and throat readings are 0. Fascinating to think how many barrels have been fitted on the '41 especially. Stock shows impressions that this rifle was carried and shot a lot. You can feel where the off hand held the rifle and see where it rubbed against a back while slung.
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Our company deals with check fraud either coming or going 3-4 times a month. They either wash our outgoing check and our positive pay picks it up, or we don't get paid and find out the same thing happened to a check coming to us. Unless the banks are keeping an investigation under super secret wraps, I can only surmise that much/most of this goes unpunished. Seems to be a skimming operation off a stolen identity where fraudulent deposits are made and then funds withdrawn. Major PITA, but checks are still a big part of our payment process. Not everyone is set up for EFT yet, and that comes with its own set of issues and security concerns.
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Good shirts. When I'd go to Houston I'd get fitted and had some made. Nice people. Easy to work with / through if Houston is on your path. Old family business.
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They found additional human remains beneath the surfers' bodies. Looks like these bandits went to the well one too many times.
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Cart before the horse a bit there at Columbia. No plans on how they'll eat or drink. No knowledge that the school will stop you from getting your own food...but press conference to demand they don't? Writing checks their ass can't cash at this point.
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Agree on S&B Add Prvi Partizan to that list. I've bought a ton of it...usually through SG. I'm normally too slow for ammoseek and it can get cumbersome (for me). On management hunts with guests shooting doe and hogs, I normally hand them a box of S&B or PPU .243 or .270 if they're shooting my rifles. I'd probably describe both as A- ammo at C+ ammo prices. Both fill military and LE contracts around the world and have a LONG history. Quality stuff and discount prices.
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I didn't want to start evangelizing, but we share that common passion I believe.
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Doesn't it say somewhere in the Old Testament (Leviticus 6.8) that every man shall own at least one .270?
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Often, it's not so much the risk of being completely burned as it is the opportunity cost of better market returns with diversification. A family member is a good case study I try and always remember. She held T as her sole equity position prior to the break-up and then held the collective basket of entities for +50 years until her death - hanging on to that step-up in basis for dear life. Had the taxes been paid at any point and the balance simply invested in the S&P 500, the value would have been 10x at her death. She let a fear of taking gains and paying taxes dictate the investment decision instead of being just one facet of the decision. Would I invest X% of my assets in this today is the question everyone wakes up to, whether they realize it or not. If I wouldn't buy it today, why do I still own it is an interesting question to ask about any portfolio holding.
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If only my Model 70s could be sold for what Collectors puts on theirs........
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We're everywhere! Last weekend I had to participate / co-chair a rather larger event that included an open bar. Before things kicked off it was still quiet and I went to the bar and ordered a Topo Chico with lime. When the bartender gave me the drink, he commented that I watched him make the drink like someone who wanted to make sure he got it right. I told him I didn't drink at all and that everyone was happier for it. He laughed, stuck out his hand and said "I'm T.J. and I've got 10 years." We talked some about our time and stories, and he took extra care to make sure he was the only bartender who made my drinks as the evening progressed. At the end of the night I gave him a healthy tip on the side, he came out and hugged me and told me to keep doing the deal. CSB - I know. It's happened to all of us and has happened to me before, but I believe it to be important to stop and recognize it for what it is.....and it ain't a coincidence or accident.
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That's a good one to discuss with your sponsor who probably sees it from an objective perspective. Could easily be the EX just stirring up shit. Most teens won't even look up from their phones long enough to realize a parent slipped out for an hour and a half to get to a meeting and back. If you're intentional about the time you do spend with them, I'd venture to make a SWAG that it isn't a real issue. I'd go sit down with your sponsor and then maybe sit down with the kids individually and talk it out. Find the truth for each one and adjust if needed from there. It's always a balancing act that ebbs and flows, but as you said....the reality is that without the program there is no dad in the picture at all.
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For a few years, we hunted from the cab of an old Ford truck that had broken down and been left for dead. The steering wheel and windshield had been taken out and we just used the bench seat- all the cushion was gone, plywood cut to cover the seat frame and we sat on pillows. Called it the Park-N-Shoot.
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I’ve been looking at those to tinker with when on the phone. Looks cool!
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For me personally - with no dog in the fight.....I firmly believe in the power of properly funded permanent insurance when the need is there. But, I would never call it an investment and don't consider it as such. It also has no benefit and may even be detrimental to most. It's a funding vehicle for certain situations and a flexible asset I can use to my advantage - but again...it isn't an investment for me and in my mind. I'm a business owner and have seen how it works, how it works for me and what it did for my predecessors over my 35 year tenure and the company's 80 year life. It's a fantastic tool for me to use in planning and funding certain obligations....both professionally and personally. It is also a horrible tool for one of my shop guys to buy when he's barely able to even fund his 401(k) to grab my matching dollars. I control an ESOP, and I must plan for buying out certain employees at their death or in retirement - whichever comes first. I fund that obligation with permanent life insurance. If they retire prior to them dying, I use the cash in the policy (that protected me from the liability of them dying early) to pay them off via a loan and I have negligible cost to access those funds. When they die, I recoup all of my premiums, their buyout, and then some. All the while I was protected from an unfunded obligation in their early years for pennies on the dollar. My working capital was protected. I have a close friend with a handicapped daughter. He peels off a fraction of his estate annually and funds a permanent policy that will take care of her at his death, without disinheriting her siblings. He spends 1-2 percent of his estate anually on those premiums. His estate and the other children will get that spend back at his death (with a multiplier) and his disabled daughter will have perpetual care. It's an asset class and not an investment in my mind. Two things can be true at the same time.
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