I made $5k today. Been doing close to it for the last 2 weeks. Took out some today. Didn’t want to pay the taxes for last year. More vacations?
Yep, me too very close to it but there is a feeling that a correction is coming soon.
Whenever I do that (whatever my number is) my wife says, "Its the same 5k you lost yesterday."
However, over the years, that number has gone up. The market has been our friend on balance.
“More vacations?”
That’s what I had in mind, more vacations with this extra money. However a new law my Ed Jones adviser said is in the works nixes this idea, as I may not withdraw it from the IRA.
I was to start mandatory withdrawals this year, however there is supposedly a new law where mandatory withdrawals will change from 70 1/2 to 72. If that’s the case, I’d be just stupid to take out money for an extra vacation.
Do Social Security recipients get advances or raises when economy does well?
Same here.
Doesn't seem like that much, though.
When I was a kid, a 1969 Z/28, loaded, was about $5500. I was about $5400 short.
Just shows how bad the Dollar has been screwed over in the intervening years.
We are retired and have a higher than recommended allocation in equities because fixed income returns are below zero after inflation. We pray this keeps up and we don’t wake one morning having taken a disastrous bath.