Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
12 cheapest states to retire to.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="hurleyjd" data-source="post: 1611987" data-attributes="member: 4674"><p>I have a Vanguard IRA in the VWNEX mutual account. It has returned $24129.58 for 2019. It has grown very well over the years.</p><p>I reinvest the capital gains and dividends back in it each year. When I reached 70 1/2 I had to start making a RMD (Required Minimum Distribution) it was $11,000 this year and taxes were due on it. I have tried trading stocks and cannot seem to find the good ones. I also have a ROTH that does do what it intends to accomplish which is to furnish tax free income.. Mostly stocks in it and each year I sell the profitable ones and the losers and then buy into the ones that look good. If I all of the assets over into the VWNEX it should produce in the excess of $58000 if all goes well. This is money that comes in that I expend no effort on. No cows to feed and take care of no rent houses to take care of, no hay to bale, no pastures to mow. Pretty easy money. My wife and I also have a brokerage account that is in stocks and some in the VWNEX. I am not trying to brag just show how I have managed. I am 79 years old or will be in 15 days. We had very little when I was 55 years old. We did have some inheritances along the way that we did not spend but invested which were not very large. I have made some investment mistakes and also some wise ones in my opinion. My wife and I at the companies that we worked at participated in the 401K to the max. We have not bought the latest and greatest cars and trucks in the last 25 years. A good used one. She drives a 2009 Cadillac DTS with 125,000 miles on it which we bout in 2011 for $21000. Her thoughts are it gets me where I want to go. If it breaks or quits there well be good used cars out there. She is a very low maintenance women that I can contribute my success to her as she always had my back. Now I also have land that has appreciated in value and without an AG exemption I could not afford the property taxes on it. I am posting this to say to you do not use land as your retirement as you will get old and not be able to take care of it. Just think what you could do with $25000 to $50000 coming in each year to the mail box that all you had do was endorse the check.</p></blockquote><p></p>
[QUOTE="hurleyjd, post: 1611987, member: 4674"] I have a Vanguard IRA in the VWNEX mutual account. It has returned $24129.58 for 2019. It has grown very well over the years. I reinvest the capital gains and dividends back in it each year. When I reached 70 1/2 I had to start making a RMD (Required Minimum Distribution) it was $11,000 this year and taxes were due on it. I have tried trading stocks and cannot seem to find the good ones. I also have a ROTH that does do what it intends to accomplish which is to furnish tax free income.. Mostly stocks in it and each year I sell the profitable ones and the losers and then buy into the ones that look good. If I all of the assets over into the VWNEX it should produce in the excess of $58000 if all goes well. This is money that comes in that I expend no effort on. No cows to feed and take care of no rent houses to take care of, no hay to bale, no pastures to mow. Pretty easy money. My wife and I also have a brokerage account that is in stocks and some in the VWNEX. I am not trying to brag just show how I have managed. I am 79 years old or will be in 15 days. We had very little when I was 55 years old. We did have some inheritances along the way that we did not spend but invested which were not very large. I have made some investment mistakes and also some wise ones in my opinion. My wife and I at the companies that we worked at participated in the 401K to the max. We have not bought the latest and greatest cars and trucks in the last 25 years. A good used one. She drives a 2009 Cadillac DTS with 125,000 miles on it which we bout in 2011 for $21000. Her thoughts are it gets me where I want to go. If it breaks or quits there well be good used cars out there. She is a very low maintenance women that I can contribute my success to her as she always had my back. Now I also have land that has appreciated in value and without an AG exemption I could not afford the property taxes on it. I am posting this to say to you do not use land as your retirement as you will get old and not be able to take care of it. Just think what you could do with $25000 to $50000 coming in each year to the mail box that all you had do was endorse the check. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
12 cheapest states to retire to.
Top