Official Gramps' Memorial Eternal OT Thread

#98,902
#98,902
NorthDallas40 said:
I’m in the same boat as you on my HSA mcdiddy. My wealth mgr recommended putting it in FDKLX and forget about it. Mojo can of course comment if he likes that idea or not but it’s been doing ok until the last month.
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Im OK with that. Id probably lean FFFHX at your age but I dont know how much younger your wife is than you...
 
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#98,903
#98,903
BigOrangeMojo said:
Im OK with that. Id probably lean FFFHX at your age but I dont know how much younger your wife is than you...
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I’m only 62 or will be in a month. The 2060 fund is higher risk for longer than the 2040 fund and it’s been doing ok. I doubt it says in that fund forever it’s just a drop and forget into a managed higher risk fund.

Or… you were being a wise ass about my age 😂
 
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#98,904
#98,904
NorthDallas40 said:
I’m only 62 or will be in a month. The 2060 fund is higher risk for longer than the 2040 fund and it’s been doing ok. I doubt it says in that fund forever it’s just a drop and forget into a managed higher risk fund.

Or… you were being a wise ass about my age 😂
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Better to leave a stepped up property, Roth or even Traditional IRA than HSA for next generation tax wise so I'd tend to be a little more conservative there with fund choices...
 
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#98,905
#98,905
BigOrangeMojo said:
Better to leave a stepped up property, Roth or even Traditional IRA than HSA for next generation tax wise so I'd tend to be a little more conservative there with fund choices...
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Roth conversions have begun in earnest on our pretax funds. I can do three more HSA contributions and it won’t be large amount of money when compared to my IRA balances so it’s more of a tax break to use while I can then invest and largely don’t touch. At some point down the road a large qualifying medical cost might come up (hope not…) where I can burn it if it have to. It likely won’t be left to my estate.
 
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#98,906
#98,906
NorthDallas40 said:
Roth conversions have begun in earnest on our pretax funds. I can do three more HSA contributions and it won’t be large amount of money when compared to my IRA balances so it’s more of a tax break to use while I can then invest and largely don’t touch. At some point down the road a large qualifying medical cost might come up (hope not…) where I can burn it if it have to. It likely won’t be left to my estate.
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One other item I recommend is keeping a list of qualifying health care expenses that you could have been reimbursed from HSA but chose not to.

Let's say you had a HSA from 40-75 and had accumulated an account balance of $250,000. If you had $100,000 of medical expenses from 40-75 that you could have been reimbursed for, you can request a $100,000 reimbursement (tax free) at 75. That's another option.

Wont be surprised if IRS closes this loophole at some point in the future though to prevent going back 30, 40, or 50 years...
 
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#98,908
#98,908
BigOrangeMojo said:
One other item I recommend is keeping a list of qualifying health care expenses that you could have been reimbursed from HSA but chose not to.

Let's say you had a HSA from 40-75 and had accumulated an account balance of $250,000. If you had $100,000 of medical expenses from 40-75 that you could have been reimbursed for, you can request a $100,000 reimbursement (tax free) at 75. That's another option.

Wont be surprised if IRS closes this loophole at some point in the future though to prevent going back 30, 40, or 50 years...
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Thanks for the heads up. I can immediately think of a recent hand surgery that qualifies 😂
 
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#98,911
#98,911
NorthDallas40 said:
I’m in the same boat as you on my HSA mcdiddy. My wealth mgr recommended putting it in FDKLX and forget about it. Mojo can of course comment if he likes that idea or not but it’s been doing ok until the last month.
Click to expand...
I think I am going to put the HSA into this fund. Almost 10% returns since its inception. And since I want a "set it and forget it" approach to my HSA contributions, I think it is a good choice.

After all these years, our friendship has FINALLY benefited me albeit in a very small way which in no way balances the joy I bring to your drab existence. Thank you.
 
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#98,915
#98,915
Particle Could Be Portal to Fifth Dimension | What Is Dark Matter Scientists Are Pretty Sure They Found a Portal to the Fifth Dimension

This kinda pisses me off to be honest.

"We still cant find the alleged Dark Matter that we hope exists and makes up 75%**of the mass in the entire universe. So we made up a spooky 5th dimension that there is also zero evidence exists, hoping that the dark matter we cannot detect is in the place we just made up."

There are several experiments going on worldwide to try and somehow observe the Dark Matter they hope exists. One I read about is looking for distortion in gravity waves they believe could be caused by D.M. So far we have still never detected even 1 particle of the stuff.

**For the longest time is was 95%. There were only enough detectable stars, planets, black holes etc to account for 5% of the total matter necessary to make the Standard Model of Physics calculations work. Then it was 90% recently. I have never seen 75% before this article...but as we now have the James Webb Telly I guess we can observe enough mass out there to be 25% of what our calculations say must exist under our current understanding of the universe around us.
 
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#98,916
#98,916
McDad said:
I think I am going to put the HSA into this fund. Almost 10% returns since its inception. And since I want a "set it and forget it" approach to my HSA contributions, I think it is a good choice.

After all these years, our friendship has FINALLY benefited me albeit in a very small way which in no way balances the joy I bring to your drab existence. Thank you.
Click to expand...
Great. Now it’s gonna tank and we’re both screwed. Don’t blame me mcdiddy! 😂
 
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#98,920
#98,920
NorthDallas40 said:
I’m in the same boat as you on my HSA mcdiddy. My wealth mgr recommended putting it in FDKLX and forget about it. Mojo can of course comment if he likes that idea or not but it’s been doing ok until the last month.
Click to expand...

Land son! Buy land, invest in usable acreage, they don’t make any more of it.Years back I took out over half of my 401k and IRA’s paid the penalty and bought acreage and for me it’s been the best decision I’ve ever made.
 
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#98,922
#98,922
hog88 said:
Teach me Obe Won. I could stand to show that kind of loss on ours.
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Happy to. Follow the 'seven steps to substantial losses" to the letter.
Steps:
1. over pay for the rental
2. renovate it to "showplace" standard.
3. do not screen applicants.
4. do not reinforce the contract when tenant wants exceptions during term.
5. Under no circumstances should you randomly inspect the interior.
6. put off maintenance indefinitely.
7. lather, rinse, repeat starting at step 2.
 
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#98,923
#98,923
McDad said:
Happy to. Follow the 'seven steps to substantial losses" to the letter.
Steps:
1. over pay for the rental
2. renovate it to "showplace" standard.
3. do not screen applicants.
4. do not reinforce the contract when tenant wants exceptions during term.
5. Under no circumstances should you randomly inspect the interior.
6. put off maintenance indefinitely.
7. lather, rinse, repeat starting at step 2.
Click to expand...

Oh, I thought you were just "showing" a loss. Those look like you did lose.
 
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