Originally Posted by banyon:
If your view is a relatively sideways market for a while, what do you think of a strategy of selling ITM covered calls on stocks with dividend dates coming up and just rolling those over until the market picks up?
Originally Posted by lewdog:
Along the same thought lines here. I’d say 60x your annual gross income because remember at a young age you’ll be living off “income” that’s all taxed as you can’t tap things like a ROTH yet.
On the same note for people retiring early, do what you can to make earned income in the year to max your ROTH. Just $6k or $7k if over 50. This will allow you to draw on something not taxable once you hit the right age. Is a great way to drop tax brackets when you’re older.
He said 65-70x annual expenses. You said 60x annual income. Those are two extremely different numbers... [Reply]
Originally Posted by lewdog:
Along the same thought lines here. I’d say 60x your annual gross income because remember at a young age you’ll be living off “income” that’s all taxed as you can’t tap things like a ROTH yet.
On the same note for people retiring early, do what you can to make earned income in the year to max your ROTH. Just $6k or $7k if over 50. This will allow you to draw on something not taxable once you hit the right age. Is a great way to drop tax brackets when you’re older.
Can you do that if you aren't traditionally employed? (The ROTH thing) [Reply]
Originally Posted by -King-:
He said 65-70x annual expenses. You said 60x annual income. Those are two extremely different numbers...
Oh you’re right.
I’d adjust mine to 50x annual income.
Someone making gross $100k/year would likely need 5M (50x income) to retire in their early 40’s and have their money last 40-50 years. You’d still need to be generating money from investments and not trying to live large. [Reply]
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying. [Reply]
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
Originally Posted by Buehler445:
Not that I'm disagreeing, but where are you reading that there is a lot of liquidity tied up in checking and savings accounts? My wife doesn't seem to have trouble finding places to dump my cash. :-)
If the velocity of money were to improve that would definitely help.
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
Nice man!
I used them earlier this year to refinance and it was super smooth and quick. [Reply]
That’s wild. Great stuff. This is literally the first I’ve heard anyone talking about it. Thanks.
The unfortunate thing is that without a government shut down and fear mongering most of that money would have went to business. Probably local business because big business didn’t shut down. [Reply]
Originally Posted by MTG#10:
Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.
If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.
I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that. [Reply]
Originally Posted by neech:
If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.
I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.
I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.
Guess a measley 1000 shares wouldn't be considered "major" though.
