Versaceth

Alpha

[Versaceth @versacether]

@AdvisorJobs What about this without the salary

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@MarkTMeredith I love working on these scenarios when we’re trying to do Roth conversions

“So we may have room to convert $100,000 this year and we might have room for $100 we’ll know in December”

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@InvestingAddict Why not $SPYM?

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@randrewcworth Gotta be bait

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@cmsinvests

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@markcecchini This is wealth

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@DougBisio @Mr_Derivatives @joshpeck The point is that the insurance co invests that money and keeps anything above 6.5%. They’re on the hook for risk. So the fee is just opportunity cost

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@Mr_Derivatives Muni bond interest still applies to Medicare surcharge calculation so for people 65+ (prob not on X) this is often a good play from a tax standpoint too if they continue to defer

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@markcecchini Someone hired me this week for having a similar philosophy on this. People get tired of being preached the same thing by every advisor

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@MrNQDC AGG is down 17% in 5 years

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@markcecchini Happy Birthday! 🎊

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@markcecchini The Ritz doesn’t try to compete on price with Best Western 🤷🏻‍♂️

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@CaydenWMcLaugh Investment philosophy: If your employees are poor, they will work harder

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@FinPlan_CPA I hate variable annuities

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@markcecchini Equity

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@elonmusk @yacineMTB

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@FranWalsh73 Great thread. Can be very valuable. What I’m curious about is how the IRS tracks this in regards to when the stock is held until death, then gets inherited, and the NUA portion does not receive a full step up in basis. How do they know when the kids go to sell?
Thanks!

[Versaceth @versacether]

@markcecchini What a day 😅

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@markcecchini Honestly very helpful

I’m in Excel/Holistiplan wondering if there’s a cut & dry clear alternative

Thank you man!