Topic: Retirement Investing Ideas (Read 25700 times)

allancoleman · « **Reply #30 on:** November 20, 2004, 08:54:54 PM »

those of you who have followed the conversations between Owen Wellbrock and i in the past will be pleased to hear that Big " O " offically retired from xerox corporation this last week .

i got the news from a mutual friend of ours , clayton , who told me . big ' 0 ' also told clayt. that he wants to be informed of any future market decisions that clayton and i come up with in the future .

congradulations Owen . you've earned it . let us know how you do . don't try to re - invent the wheel . there's lots of us who have made the same decisions you now have to make and a few more behind ya too i'm sure . use this forum as a place to ask , inform , and learn . hell , someone here has a answer for ya and if we don't , we can certainly give ya alot to think about .

allancoleman · « **Reply #31 on:** November 22, 2004, 12:34:12 AM »

Stock Market Forecasts :

http://www.suite101.com/print_message.cfm/.../106371/1029289[/url]

coming across this article reminded me of big 'O' s question in his post of november 4th on this topic if i thought the dow was going to hit 11k by year's end .

and , of course , myself and most stock market students have no idea where the market'll be in the future . you make your bets and you lay your chips down . the stock market can be a casino and rob one of their hard earned money which is why i say that this and other information isn't the opinion of xertech , or myself , and only for educational purposes . it's always your money don't forget .

.

kilo869 · « **Reply #32 on:** December 09, 2004, 05:56:11 PM »

good advice allen, i tend to procrastinate, waiting for a sale, then curse myself. is there any software that you prefer? i've used turbo-tax and tax-cut, i prefer turbo-tax for the comfort factor.

allancoleman · « **Reply #33 on:** December 09, 2004, 08:37:27 PM »

i use TurboTax myself kilo . usually buy the Deluxe but have purchased the Premier . i just never get around to it until about the time 1099's start showing up in my mail . this time i picked it up at Costo just after Thanksgiving time and started to just play around with the numbers in the program cause i really don't have any exact 1099 figures to plug in yet and found it very educational how i can affect my tax bill and i've still got time this year to do something about it if i wanted .

i'm sure Tax - cut is fine for those familar with it . but , since i started with TurboTax and this is my sixth year , i'm not likely to try anything new .

i am particularly impressed how the TurboTax allows me to " fill up my tax bracket " with a ROTH conversion without tripping into the next tax bracket .

allancoleman · « **Reply #34 on:** December 13, 2004, 04:55:18 AM »

for those of you managing your own investments and doing your own retirement planning , the IRS publication 590 is the " retirees " bible :

http://www.irs.gov/pub/irs-pdf/p590.pdf[/url]

this is the latest issue and there is a new one every year . suggest you get one at your local friendly IRS office and use it as a reference during the year . otherwise , put 100 sheets in your printer , and wait until the output tray fills up . enjoy .

« **Reply #35 on:** December 14, 2004, 09:57:20 PM »

Hi Al--Yes its true, my days with the X are over. I don't like to read about Danky taking over. My TRA lump sum is still sitting with Xerox,on my years worth of salary continuance. You were previously discussing taxes, and mabey it is different with individuals, but dollar wise, how much can a person with draw from a retirement account and still fall into a favorable tax bracket? I had heard around 40k or under. Any advice for a greenhorn, trying to learn the ropes. Clayt says inregards about your book, that he now has, is that possession is 9/10's of the law. Five inches on snow here. It looks almost like white sand, only 80 degrees cooler. ---later---O in minnesota

KT6135 · « **Reply #36 on:** December 15, 2004, 10:46:59 AM »

O, it is not Danky taking over, it is X!
I saw this a long time ago, X will contiune to make and sell/lease. Sub out the work. Who is really doing the ________?
Danka was taken off the index, cause it drop below $1.00.
:ph34r:

allancoleman · « **Reply #37 on:** December 17, 2004, 02:16:57 AM »

hi " O " ,

sorry for the delay in getting back to you but i was off the net for a few days .

there really isn't any trick to figuring out what income tax bracket to put yourself big ' 0 ' . for most people , they need so much money to live and that's the bracket they'll be in . for more advanced income and tax planning i suggest you get yourself a good tax preparation software program and start using it . the other suggest is to get real familar with the IRS web site : http://www.irs.gov[/url] ) . a good place to start is : http://www.irs.gov/publications/p505/index.html[/url] . you won't have to worry about this until your serverance pay stops .

one of the really nice things about retirement is you really can control your income to put yourself in whatever bracket you want . Clayt last year purposely put himself in the ZERO precent income tax bracket by looking at the latest IRS income tax tables and getting his income inside that figure . there are also alot of good links on this very topic that you started big ' O ' that are good to read and print out those that you want to keep for future reference .

know what you mean about DANKY . hate to see service get taken over by anybody . just my feeling of course . others would like to see the big ' X ' get smacked i'm sure . but , i've got lots of friends left working for xerox and OUR ( yours and mine ) retiree healthcare is wrapped up in the good fortunes of xerox .

allancoleman · « **Reply #38 on:** December 17, 2004, 02:23:59 AM »

hi KT6135 ,

you're right about Danka not being listed by most exchanges . but it is still publicly traded under the ticker symbol : DANKY . and you can follow the company's fortunes by putting that ticker symbol in your stock search engine .

and you're right about Danka taking over . thus far it's rumor . and that very same rumor existed when i was working 5 years ago . time will tell .

and you're also right that xerox will continue to farm out the work too .

kilo869 · « **Reply #39 on:** December 17, 2004, 07:08:54 PM »

I worked with a tech who worked for Kodak when Danka took over,he quickly came over to Xerox, after all is said and done it was much better to work for X than any third party outfit.....does anyone remember Servco?

allancoleman · « **Reply #40 on:** December 17, 2004, 10:09:39 PM »

don't know Servco , but know a tech presently employed for xerox at my old branch who started out working for I.B.M. and then had to go to Kodak when they took over the I.B.M. copier business . when they folded , he ended up with Ikon , Danka , and god knows who else in short order before now settling with xerox these last five years . i tease him ( it's really not funny when you think about some of our nice long term careers with xerox ) that companies go out of the service business when he starts working for them .

. course now he's on the short straw list again cause he doesn't have the senority or number of xerox schools ( like color or high volume ) under his belt in order to remain of value to the company much longer .

allancoleman · « **Reply #41 on:** December 30, 2004, 04:27:01 AM »

Investing Advice :

http://www.fundadvice.com/FEhtml/MTStrategies/9803.htm[/url]

market timing is difficult and generally not recommended . however , there is some excellent general investing advice contained for just about all in this article .

of course , without saying , none of this is advice from fundadvice.com , xertech.org , or myself .

i will say that i am personally a confirmed market timer and have made some good calls ( getting out of the stock market

before the beginning of the secular bear market of 2000 and recently getting into the stock market

this fall in the october / november ' favorable ' timing season ) and i have made some bad calls such as having missed the cyclical bull market buy signal given by some in march of 2003

and having missed a excellent year of 2003 . however , by being out of the market for 2003 , i also missed the generally flat / down market the first 10 months of this year ( 2004 ) .

and for those , such as big ' O ' , who are looking for investment advice , i would start at the beginning of this topic started by owen and check out each link and copy those articles that are of interest to you for permanent reference . this link / article is such a ' keeper ' for me and will be a reference for myself in the future . especially when i make my next ' wrong ' call / prediction .

. such is the accepted dangers of ' market timing ' .

allancoleman · « **Reply #42 on:** January 01, 2005, 06:07:00 AM »

hi big ' O ' ,

my present asset allocation going into 2005 is :

62% stocks
22% cash
16% real estate

this is in my Total portfolio that includes my 401(k) , IRA , Roth IRA , Real estate , and a ' bucket number one ' that has enough money in it for living expenses for several years .

my asset allocation in my Invested portfolio ( which only includes my 401(k) , IRA , & Roth IRA ) is :

80% stocks
20% cash

i expect to maintain this asset allocation big ' O ' until the first sign of losses in my critical mass next year ( 2005 ) . then i expect to lower my stock asset allocations . until then i will ride this rally further . and it looks like the DOW didn't make 11,000 by year's end . it was 10,783 . but Clayt & I made pretty good money anyway .

. you should have done well too .

« **Reply #43 on:** January 06, 2005, 12:33:06 AM »

Thanks to all who add to the retirery site. Got to admitt, that I am just getting my feet wet in this finincial planning game. I have most of my 401k monies in the income fund. as of Dec. 29 , with a small amount in the bal fund more stock. What are your thoghts on the Enhanced bod fund. It appeares to be doing well for a 5 year lookback. but then we were sort of in a bond fund market for 3 of the past 5 years. If Clayt is ringht,when interest rates are down bonds do well. so will a bond market still look good with interest rates being low, and gradually on the up tic? I live in northern Minn. where the high today was -8 but better conditions that some parts of the world.

allancoleman · « **Reply #44 on:** January 06, 2005, 12:45:04 AM »

before i give you my answer big ' O ' , read this article from Jack Crooks posted by Kirk on suite101 :

http://www.suite101.com/print_message.cfm/.../100507/1044193[/url]

now having read that , i agree with Jack and Kirk . BUT the fixed income bond experts have been wrong this last year on the fixed income market . my advice is to " listen to who you want , believe who you want , and make up your own mind " . just be prepared to move out of your ' wise ' investment pick when it doesn't pan out for ya . or in other words , when you start losing money cause of your choices , don't sit there like a deer in the headlites and get killed and lose a large portion of your critical mass . " critical mass " being defined as the amount of money necessary to live the life style of your choice without working if that is your choice . and remember always that ' work ' is a four letter word .

.

of course , without saying , none of this is investment advice from myself , xertech , jack , kirk , or anyone else . it's just food for thought . remember whose money AND RETIREMENT IT IS .

.

and i left kailua - kona on the big island ( hawaii ) yesterday where it is 80+ degrees and i was surfing . and now i'm in the great white north ( alaska ) in below freezing weather where i can't even stand up on my own two feet , much less drive on the icy sidewalks and streets and definitely NOT surfing trying to get my book back from Clayt. that he stole from me . :angry: .

Author Topic: Retirement Investing Ideas (Read 25700 times)