Retirement Year End Planning: Withdrawing from Assets
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IT shows a proud member of the retirement podcast network. It's all about gear, that stuff, Michael easter. Well, can be the show dedicated, helping you not just survive retirement but to have the confidence because you do in a work to really lean in. And rocket are right today on the show.

We are going to continue this month long series on your and action items, things that we want to bring to the surface and examine so you can see if there any risk opportunities you should be taking action on to optimize your retirement planning. We're going to talk about with drawing assets today. Next week, we're going to talk about check table giving and family giving.

In addition to that, we're going to answer some of your questions. Before I get all that though, couple thinks never what we're gearing up for our retirement plan live k study for january. That's where we take a tear from you people listening, bring them on the show and work through building a retirement plan of record that they can have confidence in following the process, the agile process that we preach this january, we're going to be focusing on somewhere that is single with no children.

So if you are single with no children, there's no somebody that is and want to raise your hand to be the subject for this case study. We're going to have a link at our six shot saturday email just to a quick google form where you can share a little bit about yourself and will review all though so we can find the person to create a plan of record for so you'll get a link to that sick shot saturday. And that means we'd like you to be signed up for sick shot saturday even if this isn't for you.

It's a great supplement to the show. You get a summary of the show. You get links to resources that we share. We're going to talk about a few those resources today.

And if you hit reply to that email comes directly to me so you can give me feedback directly, so you can sign up for that at six shot saturday dot com, right? So that's number one. The second thing I want to talk about is just aside.

So we recently had our cabinet ts painted in our home, in our kitchen. And you get like a special thing to do. You can just get a roller and paint your cabin, evidently. So we had to empty the cabinets, take everything out of all the cabinet because they take the doors off, they take those to the shop, and then they come in and prep the cabinet. Well, all that was done, and I got back from my trip with my bodies golfing this year last week, and now we had to put everything back in the cabinet.

And we're using this as an opportunity to decoder, at least partially, right? Well, there is a lot of stuff that gets accumulated when you live in a house, as long as we do stuff, stuff, stuff everywhere. And we're doing a lot of burgin of stuff where lot of stuff is going to goodwill, a lot of stuff s going to the garbage, which is gonna go into the dump.

And that reminded me of Michael easter's book, the scarcity brain, where he points out that the average home contains about ten thousand items, and mike all and I have become friends and get to hang out with him periodically. And he has this big concept that he focuses on talking about gear, not stuff. And I want to read from his website, two percent that com T W O P C T dot com, where you call stuff, is a possession for the sake of IT stuff adds to a collection of too many items.

We often buy stuff impulsively to fix our boredom or stress, or to solve a problem we could have figured out creatively with another item. Gear, on the other hand, has a clear purpose of helping us achieve a higher purpose. Here is a tool we can use to have a Better experiences that make us healthier and give our lives meaning.

So that is the distinction between stuff in gear. Gear has a very specific purpose, a higher purpose, where stuff is, we just get more and more and more. And i'm a techy guy, so we emulate a lot of stuff.

And IT was very evident as we're calling the contents of our cabinets. And it's amazing how much stuff is getting thrown away or donated. Check out my later stuff is a wonderful.

Now I want a couple of that with I A may have told this a mother two ago. It's just where my mind is. I was on a podcast being interviewed was a panel we're talking about, I think is for the spending.

And I talked about buying high quality stuff, pay a little bit more by something that high quality that will last and get the job done. And I recently I had bought a hatch. IT was a hatch from sweden.

IT was extremely well made. IT will last longer than I will. I was a little bit more expensive, but its quality gear has a purpose.

There was a lady on the show who was a self described environmentalists that was talking about stuff and consumerism and and point IT out that every single thing that we buy will end up in a landfill. So we don't need to buy there as much stuff. Every single thing we buy will ultimately end up in landfill.

Just get buried in the dirt. And that's not very healthy for the economy and all that stuff because we're at a race to the bottom of cost. Cheap, cheap, cheap, cheap is generally building china or some third world or emerging country and sometimes built by very abusive labor practices, sometimes literally slave labor or child labor.

That's bad. All those things sounds bad to me. I, I, I don't self described myself as an environmentalists, but i'm not for either of those.

And then I started thinking and literally in the interview and we were talking about IT of it's actually an argument for buying really good quality stuff by gear. You gonna pay a little bit more, maybe because IT was made in by crashing or made domestically, that hopefully is built Better. And if you buy things that are built Better, you won't need to replace them because they won't break near as much.

And that means less stuff in the land fills. So as we enter this holiday season, when i'm going to be thinking of guests for other people and you are too, i'm guessing i'm going to try to focus on what gear do they need and what can I buy them. That is quality made and I can feel good about that has a real purpose rather than just simply to be wrapped under the tree.

So okay, that's so boxed, but it's been on my mind because I just get done. Well, I not done, but working on that today on the on our cabinet. With that said, let's get to today's you're in checklist.

All right now we're going to talk about accounts. We need to consider withdrawing money from before the end of the year. First account is going to be flexible spending accounts that A, F, S, A, these are use IT or lose IT account.

So these are employer sponsored accounts where you are able to contribute money for certain types of expenses. But if you don't take the money out for those expenses, that money will go away. So if you heavy lexie spending account with an employer, the key action is go find IT and make sure you understand the specific deadline of taking the money out.

Generally, that's going to be december thirty first. The next account, we're gonna talk about our inherited pretax account. So that could be a inherited ira, inherited four one k inherited rough accounts.

We can throw in there the rules around these types of accounts that are inherited from the original owner have changed substantially over the last few years and up until just recently, still didn't have clear clarification on what the rules were. So gonna over the basics. And then i'm going to share in our six shot saturday email a flow chart to follow.

So if you haven't inhered ira you, you can understand what rule applies to you. So i'm going to go through the basics here on the show, but i'm going to refer to the flow charts that we're going to share in our six shots saturday email, seeing you all the details, all right, if you inherit an ira, the first quite where we're going to assume the jury in non spouse. If you are a spouse, the rules are different because you can just bring those into your own.

I ra or rough I ra, so we're talking to non spouses here. If you inherit an I A prior to january first, two thousand and twenty, so you would have been already doing this a while and you are nonce spouse, your required minimum distribution is required to be taken out by the end of this year two thousand twenty four, december thirty first, and we'll have a link to a swap required minimum distribution calculate or for inhered area in our sixth shot saturday. So you can see why this email is very helpful because we can get you the links to the resources very quickly the way that a required minimum distributions calculated.

Although you're probably familiar with this, if you've been doing that is you're going to look at the baLance at the end of the prior year. So that would be december thirty first, two thousand and twenty three, you're going to apply the uniform lifetime of life expectancy for you. And that will tell you the amount that you need to take out as a required of distribution that we should be pretty much straight ford. Now what happens if you inherit an ira or four one kata after two thousand and twenty? Well, we have a couple different rules that are going to apply here, depending upon whether the personal deceased was already taking required minimum distributions or not.

But the big rule is that you are not able to continue to just take out required minimum distributions for the entirety of your life like before you have what called a ten year rule, meaning that if you inherit the area or four one k from the region owner and you're non spouse and not would call an eligible designated beneficiary, which this goes through, the flow chart that are gna share goes through this, then you have to drain that account within ten years of the day you inhered IT. Now, if the person that passed away after two thousand, two thousand, january first, two thousand and twenty, was already taking required mining distributions, you still have to take IT out within ten years, but there may be some required minimum distributions each and every year that you have to continue doing. That was something that was very unclear.

Uh, the irs had given guidance that gave us a little bit of guidance. I think it's the best practice to take out that amount if the case was already taken. The R, N, D, but will have this flow charge.

So this is an important one because if you don't do this, the penalty for not doing a required minimum distribution is not in counter control senate. The correct two point o started in two thousand twenty three. The penalty for not taking the requirement distribution is twenty five percent of what you should have taken.

So as an example, let's assume that you were supposed to take a ten thousand dollar count distribution as a required minimum distribution, and you fail to do so, the penalty would be twenty five percent or twenty five hundred dollars. Now you can correct these. And i've actually had to go through this process using irs form fifty three twenty nine.

But the same point for our discussion here, because we're not trying to be experts on this in this setting, is that if you have an inherit account, ira roth, ira four one k and you are a non spouse or eligible, designated beneficial and maybe don't even know, you need to go explore this further before the end of the year. So you don't have something not good happen in the form of penalty. And we'll have this workflow in six shot saturday to help you do that.

Now the next type of required minimum distributions I want to talk about are those that are age related for the original owner of an I re. So if you were born prior to july first one thousand nine hundred and forty nine, you are required to do annual distribution from your area after you've turned seventy and one half. So be born before july first one nine hundred and forty nine and you're over seventy and half, you have a required minimum distribution.

You need to get calculated if you were born between july first nineteen forty nine and december thirty first one thousand and fifty, you're required minimum distribution. Age is seventy two. If you were born on or after january first nineteen fifty one, your required minimum distribution is seventy three.

Now for future folks, this is included me and maybe many of liters. For those that were born on or after january first nineteen sixty, you don't have to start til your seventy five. We got some time for that one.

The key point is here, if you hit those those ages at some point in this year, you have a required minimum distribution based on the required minimum distribution rules. Make sure you pay attention to that, explore that so you don't get hit with a penalty. Right now.

We're going to switch from the punitive side. Hey, we got to pay attention to this because there might be a penalty involved to the more oppor tunis tic side, which is proactively taking qualified distributions. And to do this, i'm going to share another resource, which is the ten forty tax calculator under thinky town dot net.

Don't you just love the name thinky town dot net, which is an amazing resource of all sorts of calculators. But under the calculators under tax, they have a ten forty tax estimator. We're you an idea of where you're going to be tax bracket wise for this year? Very simply, now alternate versions are using cpa or using early version of tax cut or turbo taxi, etra.

So i'm going going in the dicky town right now, i'm to give you an example. So let's take a couple married finally, enjoy. We're going to slow at federal taxes. And let's assume they earned sixty five thousand dollars in wages and salaries, and then they had ten thousand dollars in taxable interest, ten thousand dollars in ordinary dividends and five thousand dollars in long term capital gains very quickly.

Using the calculator, you can see that they had total income about ninety thousand dollars, total taxable income of seventy five thousand four hundred, in total income tax of eleven thousand two hundred and ninety seven dollars. Now these are going to be very inexact. They're using the assumptions that they have and the data that you're in, putting this into IT.

But this is the best free estimator that I have come across. We use something much more sophisticated, our practice, but this will do. Now why do we want to understand this? Because looking at the calculator, obviously, they are going to be a standard deduction here.

Their total tax was eleven thousand, two hundred and ninety seven dollars. That means that they their average tax rate another ninety thousand and income was twelve point five five percent. That is important because IT appears that they are below the threshold of the next tax bracket, which is the twenty two percent tax bracket.

We go from twelve percent tax bracket from twenty three thousand and two hundred and one dollars to ninety four thousand three hundred dollars, and then IT jumps up to the twenty two percent tax bracket. But then we're not factory in the standard deduction, which would increases never someone. So just as an experiment, we have a twill point five five percent average tacks on the ninety thousand, which is a seven thousand two ninety six and taxes.

What if they took out an extra fifteen thousand from their I ray, what would that do to their taxi ble income? But the total income would be one of five, the total taxied income would be ninety thousand four hundred, and their total tax would go up to fourteen thousand five hundred and ninety seven dollars, which puts them with an average tax rate of thirteen point nine percent. This is an opportunity that we want to look at from more withdraw standpoint, especially in retirement. Where you control what your income is, is called filling up the tax brackets.

We can mess around very quickly with, well, what if I did a qualified distribution, basically I ray withdraw or four one k withdraw and chose to pay tax on assets this year because I have some room and where I found the tax brackets in a given year and i'm going to pay twelve percent, even thirteen percent, on a withdraw that might be Better than allowing IT to continue to accumulate and have to take IT out later and perhaps pay a higher tax bracket. The important thing conceptual, why would I choose to pay taxes earlier on dollars? And the reason is you can observe these levers and perhaps work to lower your overall tax rate through your retirement life span because we'll have these required minimum distributions when you had age in seventy three or seventy five, where they're going to force you to take money out that might throw you into a higher tax bracket.

That's another, you know, rather than take IT as a qualified to withdraw, that might build some after attack cash for that extra trip that you're gonna have to take next year. So this is an important thing to observe, and you can do IT very easily using this calculator, dicky town, that net under taxes, ten forty estimator. So those the items that I want to bring to your attention, to make sure you observe, to see if they apply to you.

Now remember, this is an optimization exercise. In ideal world, you have a feasible and resilient retirement plan of record that you should have confidence in. These are optional items to enhance the plan through optimization tactics that may put money in your pocket but are not required you to rock retirement.

Now it's time to answer to your questions next month. We're gonna focus on entering a lot of your questions. I've been building up a little bit.

I want to get to help you. You take these little baby steps with things they're specifically important to you. If you have a question for the show, you can go to ask Roger dot M E.

You can type in a question or leave an audio question. Our first question comes from Scott. He said, I just listen to podcast five sixty two concerning the cumulation. I have been mostly retired for the last ten years, with the exception of some freeLance gigs.

How do you define principle, verse, interest, meaning? Is there a point where one draws the line and says, from now on, everything else I earned is icing on the cake? Thank in advance for clarifying the term.

So Scott, i'm going to make some assumptions on what your asking here. So let's first define what we mean by principle. The principle amount is lets you have a bank account and you have a hundred thousand dollars that you deposited in that bank account.

That is the principle that you deposited. The interest is the interest earned on that account. So if you have one hundred thousand in that account and you earned five thousand over twelve months, that five thousand is the interest that you earned on the principle that you put in there.

That concept number one, one is the money you put in the others. What you've earned on IT that can be in the form of interest IT could be in the form of capital appreciation. I put in hundred thousand dollars and bought a mutual fund, and knowledge were two hundred thousand dollars.

First concept, how do we relate that between accumulation, building assets, where we're putting a hundred thousand dollars into an investment, and allowing them to grow and grow and grow for some future purpose, which is accumulating assets over time by deposits, by interest and by capital appreciation. Verse document lation, which is okay. Now i've reached retirement, my income is going away, which is paying for my life.

And now I have to turn to my assets to supplement my life. That's the point of the asset, right? That's the whole point of the exercise of accumulating is so when you don't have income, you can use your assets to pay for your life.

So inverse reaping traditionally, meaning twenty, thirty, forty years ago, the concept was, if I have my hundred thousand dollars, that's my principle. I never wanted touch my principal and I need to focus on how do I invest that principle to pay me an income. So in this very simple example, if I only have one hundred thousand dollars, I want to invest that.

And if I get five thousand of interest in capital appreciation each year, that's the money that I have to live on. Because I never touch my principle. I will only touch what IT is able to generate. That is a traditional way of thinking about retirement years ago. The problem with that becomes when you can't generate enough income via interest, because integrates have been low for thirty years.

So just trying to build, you know, that which has forced us to go by assets that don't just simply pay interest, but they try to have capital appreciation, what you can be guaranteed of in any single year. They're going to up. They are a so your principle is going to go up and down with the markets, which means you can't just let the the value go up, take money out and live your life.

What happens when the market go down? What are you gonna take out? You're going to have to dip into your principal, most likely in your retirement. So that's one reason why the cumulation, I think there should be less of a consideration of my principle.

First, my interesting appreciation, I would think of IT, and this is the way I do think of IT as a total return portfolio that we don't designate. Is that principle or is that interest? Is that capital appreciation? We just this is the money I have.

These are the liabilities of my spending. How do I make IT work without breaking IT up in the more traditional life? Now you ask at the end, this concept of everything is icing on the cake. And icing on the cake conceptual means that this is free money. Money I don't actually need is just a blessing above my minimum.

Where you factor that in is in building a feasible plan of record, which takes into account we can't just simply put IT into a bond and think we're going na get enough interest or buy a fixed unity that will pay us a guaranteed income. Those are definitely good options as part of the plan, but it's not going to protect against spending shocks because of life, circumstance, health or otherwise down the road or change in preference. So those can be coupled with we're going to have to have appreciation because of inflation, and that came about because we're living in much longer and we're living more active life.

So inflation is a much bigger issue than IT was safe for my grandfather, who are going to read his next mission at the end of the show. When he retired, he had a seventy year timely to solve for. So his pension is so security.

Whatever he had, cds were fine because he was investing in cds in the eighties. He didn't have this huge twenty thirty year time frame, which brought inflation as a bigger risk in retirement. So what I would suggest, god is built a feasible plan of record.

So you know that the asset you have are matched to the liabilities of your spending over your projected lifespan. And when you do, that feasible plan of record is going to come out with in three basic results. Number one, you're underfunded. You don't have enough money, principle or otherwise, to cover your life, and that's going to force you to negotiate or prioritized with yourself of what do I need or what levels do I have to create a visible plan so you can have underfund IT. You could have constrained what is gonna.

Most of us, most of us when we run the money, carlo, whatever type of scenario planning you do, it's going to say, yeah, should work but he could there's possibilities that IT might not that essentially what say, eighty percent confidence number in, you know, a software is going to say. And retirement plan software, if you get an eighty percent, ninety percent confidence number, it's basically saying in human words, yeah you're constrained. This should work but you know stuff can happen and IT might not but most likely IT will.

That's a constraint. That's essentially the the message has been sent, whether if you're ninety nine or away over ninety percent confidence in the retirement planning software. It's probably saying, dude, looks like you have icing on the cake more than enough to cover even if we have the bad markets.

So you want to build a feasible plan of record and then you focus on how to make IT resilient, which is planning out the five year cash flow and IT doesn't matter whether you're dipping into principle or interest, your capital appreciation, I mean, you can factor in the interest you're going to receive, but you can't factor in capital appreciation because you don't know it's gona be there. But I think those terms are not as important in modern retirement planning as they used to be. So hopefully, that gives you some perspective on the issue.

Our next question comes from joy. Hey, joy. Joy says I am six years old. Retirement is on the horizon. I have been working with the financial advisor for over decade, yet as I get closer to retirement, I can see that the accumulation of assets is not his strength.

He runs the marty Carolo, but I am not seen any strategy specific to my situation, so joy is so now what do I switch to retirement advisor? Do I drop the financial adviser or use both? I assume that using both might be a win win.

But in the interest of fragility, is there a Better solution? So I do think, joy, that if they are not focused on d cumulation, you would be Better served with a true retirement planner. Running the money carlo scenarios to help see what's feasible is not that difficult.

IT will give you a long term vision of are you on a safe course. But as you stated, IT will not get specific enough in the areas of how exactly am I going to do this, how am I going to make a brazilian that's usually where IT falls apart for a generous deviser. Because this tool is readily accessible to monitor the tool.

I do think you would be Better served with a retirement planner. That said, I also think if you have a great connection with your planner and you've walked for a decade with this person and there's a lot of relational currency there, you know like and trust them, and they may be a little light here. I also think, and in romance, closed now.

So this is not self survey, I think, is if you can become Better educated on a true retirement planning process, what we talk here on the show, or what we teach in the rock my club, you can become a Better client to bring up topics to your advisor to improve your plan in the club. We have about thirty percent of the members actually work with advisers, and they are starting to drive the agenda with their advisers more than they were before because they're building their own plan of record and they're surrounded by people that are thinking about this all day long. So they're able to extract more value from the advisers that they're working with.

So you could do that by being a member of the club, but you can also do that by consuming this and other content and start creating an agenda with your advisor saying, okay, I see that the my money, Carlos, at this percentage, lets build out an allocation so I have total clarity of how i'm gonna pay for the first five years and force or press the issue on getting specific on how exactly this will work so you can make a more resilient plane. I think that approach can work as well. If you don't want to drive that conversation or do the work to become what you're doing the work now just by listening the show, be more educated on a what I believe is a silent retirement planning proxy, then I think you you should say this is a change of seasons.

This person has served me well, but I need something else now, just like we might go from a an amazing pediatrician to a general practitioner because i'm not a kid anymore. I have different issues. So I think that those a couple different ways that you can approach that joy.

Our next question comes from, mike, related to accumulation and resilience. Hey, Roger, one topic that I don't hear you touch on much is how free retirees might plan to position retirement assets as they approach the last five years or so before retirement so as to provide principal protection for income floor that described to minimize sequence of return risk. How soon should one start with moving more risky assets into safer assets? Be prudent gradually from five years out than four years out and three years out?

Etra, clearly, this is a personal comfort level issue, but I suspect that many may not be this soon enough along and a severe market downturn, saying the last two years could really impact their retirement plans. I am eight years from retirement, so this is something that I am trying to be thoughtful about. Any wisdom from you on this approach would be very welcome.

Hey, my great question. So think about driving on the roads in colorado. I'm thinking about IT now you get some twisted roads, right? And you're in fall. So you're in summer time where you're coming out of summer into winter where the roads can be a little bit more slippery than you might get snow.

Maybe that's how we visualize this a year path to retirement when IT comes to acid allocation, when should you start pivoting from accumulation to building a pancake or a resilient plan? I think now is not a bad time to slowly start that process. Michael, you can do that by just redirecting other assets.

Maybe we're saving an accumulation accounts after an after tax assets. That is a place that I would start. Isn't your aftertaste sets? Is trying to build up more after tax asset and have those assets be less risky in terms of sequence of return risk. So that could be something that you start now and baby steps in monitor as you get closer. So I don't be step one.

I think they're be a phase one of how to slowly start to slow down because you can see off in the distance this turn come in, in the fact that there might be a little slippery and you don't want of all off the road retirement speaking. And that would also help you because you're building up more after tax assets, which is generally where we are deficient as accumulators. And I don't know your specific situation.

One way to also do that is if you have after tax asset, so you do have a lot of substantial after tax asset that are in accumulation investments with a low cost spaces, you could simply turn off all the dividend and capital gain investments, and that would naturally start to build cash rather than reinvesting by more shares. I would include that and phase one as well as your moving forward start to forecasts. What do I think i'm going to need in the first five years and that can target how quickly you start to focus on this.

You can do IT in a attack efficient way if you are much more of a safety first person than you could do IT earlier. This is the the personal perspective that you talked about. You can do IT earlier, either by managing capital gains and aftra tax asset or just simply d risking in your pretax assets like a four one k or your R A more quickly than there's no tax consequence.

But I would start this process right now and start slow since you're eight years out and slowly accelerate that as you build out your retirement model. One aspect of this, mike, I I want you to consider is, and i've done this often times, is we have a number of client that are positioned to retire next year and have been positioned to retire in the subsequent year for a number of years, meaning that they've had their pancake built out as if they were going to retire at any moment. But they've continued to work for three plus years.

And the reason we did that is from a planning perspective, they are in a position now that if they wanted to retire today, they ouldn't miss a beat. And that changed the perception of their work for them IT allow them to recognize. I can get off of this.

I have to please everyone and say yes to everyone. Corporate structure. So when the promotions come, you can say no. When the opportunity comes to take on a project, you can say no or put boundaries around that because you don't need to you don't need to please everybody because you're not as worried about how they feel about you because you could retire today if you want IT gives them that agency.

Another reason is that the more your positioned for retirement, even eight years out, where you ready have IT built out to, maybe it's a three year you build out at first, is you can now feel more confident in building boundaries. I turn my phone off at four, thirty or five. I don't check my email after a certain time.

We're on the weekends. You can start to build the boundaries around when you actually do your job, so you can start to find or nurture a life outside of work. Now I don't know your situation, but a lot of times it's the twenty four seven on.

It's feeling like I have to say yes to everything and play the political structure to be pleasing to everybody that probably got you far along or when whatever kind of work you're in, if you're eight years out and you are well funded from a feasibility standpoint, build the in the resilient planned earlier might give you the option to start saying no more and building boundaries around your day so you can recapture more peace in your life. So there are some perspective to think about, but I think right now is not a bad time to start doing baby steps. Get one last question for this from tom.

On the five year rule, we need to ring a bell every time we have a rough five year question, right? Tom says, if I had a rough for one k for five years and convert IT or move IT to a roth ira, is there another five year waiting period? Tom, yes, there is.

If you're contributing to a rough for a one a, what i've been doing personally, and you do not have a rough array, which I haven't had, I don't know about you, tom, and you move your rough for one k to a newly formed rough ira or an unfunded rough I A, you have a new five of your rule IT does not come over from your four one k. So when you're in this position time, you want to do what I just did and should have done a few years ago. If you want to establish a roth ira and you want to convert, if you have an ira, you want to convert just a dollar.

I did like three hundred dollars to convert some money into that. I ra, because that ira will start. It's five year, rule january first of this year.

And then ultimately, when you move your rough borrow wk into that account, the rough for one k assets will take on the five year rule date of the first dollar that funded the rough array. So get that rough. I I started if you haven't in funded with that, that lets go to our smart sprint only max get set.

And off set a little baby step that you can take in the next seven days to not just regret, but that life in the next seven days. Take a look at the items that we talked about in terms of withdrawing assets. Either it's because a required minimum distributions, flexible spending account and inherited account of some sort.

If you have those, look at the rules. If you don't do an estimate of your taxes to see if there are any opportunities from a tax bracket management standpoint to either do a qualified distribution or a rough conversion. All right, I am going to continue reading my grandfather's journal.

Let me get to the next page. Member, he was shot in the leg on his first mission. Can you imagine that my mother was two years old, one or two years old, when he was over there.

So he did his first mission. On what date was? IT was made twenty fifth of forty four.

His second mission wasn't intel, july fourth, forty four. So he had only got shot in the league. He had a couple month of recovery.

He was on ship number nine, eighteen, seventy, number two, back again and ready for the ground again. Must admit that I was in. I was a little nervous on this one.

But okay, now I believe target, oil depot and refinery target seemed to be hit. The flag was moderate, had thirty eight for escort today, Carry twelve, five hundred pound bombs. Target was in romania.

So that was mission number two and three next week, or remission number four, which happened the very next day. With that said, I hope you have a wonderful day, and i'll talk with next week the inner voice in this podcast. For general information only is not intended to provide specific of baseball recommendations for any individual.

All performance references is historical and does not guarantee future results. All inducements are unmanaged and cannot be invested in directly. Make sure you consult your legal text or financial adviser before making any decisions.