It would be interesting for me, I think, to sit by a pond, watching the koi, occasionally looking for other critters. I want ducks to come by sometimes. I want the pond pump to be solar powered. It would be cool to me.
I would not be able to afford to have such a place of my own. The background picture is some rich guy's swimming pool conversion. I like the idea of swimming pool conversions because pools are toxic energy drains, aren't they. We used to have a pool in Cerritos. I learned to swim in there, at age 16. But every year several birds died in that pool, and a lot of bugs. Pool man added HCl and other stuff every month, or maybe even every week, I don't even know. Water had to be pumped every day, even though we only swam in it a few times per year. But I digress.
It would be nice to retire in some fancy joint like Glen Terra where they serve your meals like a hotel. But with a solar-powered, biologically self-cleaning pond that hosts ducks sometimes. I think Glen Terra was around $30k/year, maybe more. That's what, $2500/month? I can do that. Ruth can do that too. The only problem will be, where can I find a pond like that?
I'm using the Bankrate.com retirement income calculator. I've got about $70k at Vanguard + Fidelity combined, and another $6k at CalSTRS. The annual contribution from teaching jobs is about $1800. If I want $2500/month as a retiree for 30 years starting at age 65, I'm going to need to make $250 monthly contributions to my Roth. It's really $400/month, but the teaching jobs are covering $150 of that with CalSTRS. So it's $250 now. I think I can do that.
How about Ruth, will she be able to do that? Trust me: Ruth is not going to want to retire at 65. She will want to work as long as allowed. Ruth will have plenty of income, all the time.
Should I be putting it into my Roth, or my IRA? Half and half? It really depends on if I think I'll be in a higher tax bracket now or later. Honey, if I'm going to be in a higher tax bracket later, it's not going to matter where the money went. So I have to assume I'm going to be in a lower tax bracket later. That is the survival choice. That means I have to put my money into the IRA, because I that money won't count as taxable income until I retire.
That reminds me, I also have an IRA at Capital One 360. Geez, there's a grand in there right now. Hey, it's all in Qualcomm! Ha, it was because of Uncle John. So, what's the trade commission there at Cap1? Automatic investing is $3.95 per trade. That means my contribution has to be $254, not just $250/month. But that is $1 better than Fidelity's $4.95 per trade.
Ah, QCOM is just underneath the 39-week MA. It is a good time to sell, how about that. I guess I'll put my monthlies into Cap1 Sharebuilder. I will set it to buy maybe some TQQQ automatically for now, just for the short term.
Whoa whoa whoa. Sharebuilder wants to know if I want to make my $254 contribution for tax year 2017 or 2018. But it's 2018 right now. Reading further online, I see I can make all my $254/month contributions effective the 2017 tax year up until around 4/15 of the current year. How weird. Who bribed whom to get that rule?
I've made some more-than-usual money this year at SMC so I'll assign my contributions for the previous tax year as much as I can until 4/15. The contributions must be done manually for this to work. I'll set up the automatic monthly contributions to start in May.
I'm using the Bankrate.com retirement income calculator. I've got about $70k at Vanguard + Fidelity combined, and another $6k at CalSTRS. The annual contribution from teaching jobs is about $1800. If I want $2500/month as a retiree for 30 years starting at age 65, I'm going to need to make $250 monthly contributions to my Roth. It's really $400/month, but the teaching jobs are covering $150 of that with CalSTRS. So it's $250 now. I think I can do that.
How about Ruth, will she be able to do that? Trust me: Ruth is not going to want to retire at 65. She will want to work as long as allowed. Ruth will have plenty of income, all the time.
Should I be putting it into my Roth, or my IRA? Half and half? It really depends on if I think I'll be in a higher tax bracket now or later. Honey, if I'm going to be in a higher tax bracket later, it's not going to matter where the money went. So I have to assume I'm going to be in a lower tax bracket later. That is the survival choice. That means I have to put my money into the IRA, because I that money won't count as taxable income until I retire.
That reminds me, I also have an IRA at Capital One 360. Geez, there's a grand in there right now. Hey, it's all in Qualcomm! Ha, it was because of Uncle John. So, what's the trade commission there at Cap1? Automatic investing is $3.95 per trade. That means my contribution has to be $254, not just $250/month. But that is $1 better than Fidelity's $4.95 per trade.
Ah, QCOM is just underneath the 39-week MA. It is a good time to sell, how about that. I guess I'll put my monthlies into Cap1 Sharebuilder. I will set it to buy maybe some TQQQ automatically for now, just for the short term.
Whoa whoa whoa. Sharebuilder wants to know if I want to make my $254 contribution for tax year 2017 or 2018. But it's 2018 right now. Reading further online, I see I can make all my $254/month contributions effective the 2017 tax year up until around 4/15 of the current year. How weird. Who bribed whom to get that rule?
I've made some more-than-usual money this year at SMC so I'll assign my contributions for the previous tax year as much as I can until 4/15. The contributions must be done manually for this to work. I'll set up the automatic monthly contributions to start in May.
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