Hi #6
With hundreds of intelligent people going through this board, three years and 25,000 posts, am I the only one that noticed the elephant in the room? This is shocking.
It is Saul’s board and he has his method of investing that has worked well for him AND HAS (I ASSUME) PAID ALL HIS BILLS SO FAR. He doesn’t have to keep beating the averages to pay his bills, because his bills are paid already. If he continues to beat the “Averages” like in his first 12 years all he does is increase his tax bill to his new partners (The FED and STATE) You reach the next higher tax bracket and they get even more. Then they raise your Medicare deduction which in effect lowers your SS payments. (In my case in 2016 My wife and my payments were reduced about $3000–In 2017 SS was reduced another $9000 in 2017) and of course with a higher Adjusted Gross Income Line 37 on your 1040 you will probably won’t qualify for the normal deductions because you won’t meet the minimums. As you get older you will have to take larger RMD’s out of your IRA’s
Some months ago there were conversations here about portfolios and I had posted my portfolio and results I had achieved and how I built it. It created a fair amount of interest at the time and then it was decided that it was off topic and the board should get back to Saul Stocks–Which it did.
My question #6 is Does anyone know how people are doing portfolio wise to prepare for the future and retirement, because when the time comes to retire, they will have to retire whether the DJ is 50,000 or 5,000 and they better have a portfolio income stream to replace the weekly paycheck income stream.
b&w