What Are You Doing Today?

I just noticed that I wrote this post yesterday but I guess I didn't press "POST" so it was just sitting here. Old people... bah. :D.

So yesterday I....

I baked a cake; just took it out of the oven and slid the enchiladas for supper into the oven. It's a plain white cake and I'll make some buttercream frosting in a little while. I have been wanting cake lately so today's the day!

Like @Ed Wilson I was outside for a while, soaking up some sunshine. It is an absolutely beautiful day today... 70 degrees, low humidity, deep blue sky and a slight breeze. I love the sun on my face and had to drag myself back inside.
 
Hoot Crawford said:
I taught that class for a year (or maybe 2) in the late 70s. You probably remember the purple pencils...
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Mr. Crawford!!! Good to see you, Sir!

I worked for Block full time for one year in the early 80s when I got laid off from my real work, and then part time for the next 2 years when I moved back to the corporate world. You may remember their Executive Tax Service. They had an office upstairs from where I worked, and the manager of my office became an Enrolled Agent (real sharp lady) and she moved on to ETS.

The things I saw. What an experience.
 
Noy much accomplished here yet aside from clearing a few inches of new snow and getting the mail. I'm even drinking rewarmed coffee left from last night. Listening to a rich guy in Geneva and another in London talking about crazy antics in the paper and physical silver markets. The finance world is as crooked as a dog's hind leg.
 
Jacob Petersheim said:
Noy much accomplished here yet aside from clearing a few inches of new snow and getting the mail. I'm even drinking rewarmed coffee left from last night. Listening to a rich guy in Geneva and another in London talking about crazy antics in the paper and physical silver markets. The finance world is as crooked as a dog's hind leg.
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I put my leftover coffee in a canning jar then refrigerate it for next-day's use.

I agree about the financial markets. Purportedly what's driving the current chaos is the bottom falling out of Bit Coin. I have no idea what's driving that. I recently took cash out of my 401(k). I'm glad I did it before values declined. Being lucky is way better than trying to be smart.
 
Back in Ye Olde Days, before Keurig and other instant-gratification coffee, I'd make a pot of coffee in the morning and take it off the heat. We'd drink it all day, putting a cup at a time in the microwave. I remember my grandma reheating her stovetop percolated coffee on the stove; sometimes it boiled over and smelled burned but they drank it anyway.

I've been puttering around today. Put on a load of laundry and went out in the backyard for a while. It's another beautiful day today. This is the time I'd usually be getting 'garden fever' but no garden for me this year.
 
Got my butt in gear... well a little. Got to the pharmacy and got stuff arranged to cook up a bunch of chicken drumsticks and spinach-tomato-garlic rice. I separate that into meal potions for later, reserving some of the chicken to use in other things.
 
John Brunner said:
I recently took cash out of my 401(k). I'm glad I did it before values declined. Being lucky is way better than trying to be smart.
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Yeah, I took a large distribution last Summer.

In my case I was planning for SS benefits starting this year, which will put me in range of a Medicare IRMAA cliff. I'm also trying to get ahead of RMDs which might also threaten me with IRMAA in a couple of years as well.

I wish that I had done some Roth 401(k) conversions in earlier low-tax pre-SS years but I got bad financial advice just enough to make me back off. Dumb! I should know better than to listen to "advice."
 
Jacob Petersheim said:
Yeah, I took a large distribution last Summer.

In my case I was planning for SS benefits starting this year, which will put me in range of a Medicare IRMAA cliff. I'm also trying to get ahead of RMDs which might also threaten me with IRMAA in a couple of years as well.

I wish that I had done some Roth 401(k) conversions in earlier low-tax pre-SS years but I got bad financial advice just enough to make me back off. Dumb! I should know better than to listen to "advice."
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Everyone probably already knows this but, when you turn 73 there is a required minimum withdraw from your IRA, which is mandatory. If you don't you have to pay a penalty. The goverenment wants our money one way or another.
 
Krystal Shay said:
Everyone probably already knows this but, when you turn 73 there is a required minimum withdraw from your IRA, which is mandatory. If you don't you have to pay a penalty. The goverenment wants our money one way or another.
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OK... what? :ROFLMAO: :ROFLMAO: You know I am half blind, Krys!!
 
Jacob Petersheim said:
Yeah, I took a large distribution last Summer.

In my case I was planning for SS benefits starting this year, which will put me in range of a Medicare IRMAA cliff. I'm also trying to get ahead of RMDs which might also threaten me with IRMAA in a couple of years as well.

I wish that I had done some Roth 401(k) conversions in earlier low-tax pre-SS years but I got bad financial advice just enough to make me back off. Dumb! I should know better than to listen to "advice."
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I've looked at those (post-retirement, where it makes no sense.) I, too, had low-earning years. But no one wants to take a tax hit like that. I never sought out a financial adviser.

I got RMD coming up in a year or so. I'm pulling out some dollars now while Social Security is not taxable...but they go into other taxable investments. I need to figure out what the taxable gains are for my mutual funds where dividends are reinvested. I guess I can't complain that I'm in a position where this stuff is of concern to me, huh? It could be (and has been) worse.
 
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