u/Admirable_Nothing

I frankly don't expect this to be a problem but somebody major fat fingered the computer. I do have substantial ET and EPD in my IRA. I do trim those positions with gross sales of around $50,000 each January. That tends to result in minor tax losses to the IRA in the one to two thousand dollar range. This year the 990T shows I owed $760 to the IRS with no late payment penalty and $82 to California FTB plus an $8 late payment penalty. The late payment penalty happens because Price Waterhouse can't get to all the IRAs in less than 18 months. So I owe a total of $850 in tax to Ca and the IRS, or more correctly Etrade as the IRA custodian owes $850 from my IRA to those two taxing entities. This is fully expected. What I did not expect is the Etrade alert I received says they are going to send $18,326 to pay the tax owed. As you might expect that is unsettling news. I did call as soon as I got the alert, but it is 7pm on Friday and the Platinum Support team is not staffed after 8PM EDT, but I did have the normal CSR leave a note for the tax department to relook at the returns. I will call the Tax Desk on Monday morning. Hopefully I can get this straightened out Monday morning. I will keep this updated.

Married filing jointly in California. Have a large taxable position with a very low basis and if I sell, it will generate a major increase in MAGI which will generate at least a year's increase in IRMAA to the maximum amount. For income tax I am looking at brackets and may sell some this year and some next year but it appears that IRMAA deals off of MAGI and if I do that I will have two years of the maximum medicare premiums for both of us. We normally run $180,000 income and use the standard deduction. But this one stock position will generate $480,000 of LTCGs to liquidate it. Any thoughts would be appreciated.

Pleasantly surprised that the shipment, repair and return only took 2 months rather than the 4-5 month waiting period I expected. More surprising is that rather than repairing the movement they simply completely replaced it with a new movement with a new reference number. I am very pleased with the entire experience.

Before Orlimar became a household word, Lou Ortiz, Jesse's Dad, made custom forged irons in his garage in Hayward, Ca. He made sets for several of the touring pros and a lot of excited amateurs looking for a pure forged solid blade. He sourced the heads from Japan where they were forged into a relatively soft compact blade shape. I ordered mine in late 1985. 1 through SW. Had them built with X100 True Temper shafts. Tiring of swinging clubs stiff as a tree trunk I had them reshafted with TT S300 shafts in 1995. The clubface grooves width are not much larger than the 1.68" ball they face at address. For the longest time I carried a Driver and those irons and a putter.

https://preview.redd.it/471sfso2l6eh1.jpg?width=1440&format=pjpg&auto=webp&s=8cd7d33758769ead3604f6fea5281f7285b1b0a0

https://preview.redd.it/rcxlu777l6eh1.jpg?width=1920&format=pjpg&auto=webp&s=5e5716043903e08e27fab51ead90742fd47c18bf

Then I bought a second set used after Ortiz went mainstream 3-PW. These have Rifle 6.0 shafts.

https://preview.redd.it/ay9zfgowl6eh1.jpg?width=1920&format=pjpg&auto=webp&s=8f870167affa0b1e434d454f1dd02e8a3cd4728f

I brought the 1 Iron to the course the other day. I watched our Pro hit 250 yard stinger after stinger with them. At 81 the best I can do is look at them.

Gift article re: Trump's motivation to do the 'deal' he as signed.

I have a Code that just died. It is well within the warranty period. I went online and they did their due diligence and today emailed me the address to their new service center in Raleigh and asked me to send it in. But I always send my high value watches overnight (to avoid them sitting around) and fully insured. The cost of me sending the watch from the Left Coast to the Right Coast overnight and fully insured is over the cost of a service from my local watchmaker who is fully capable of doing a paid service on the Code.

Does anyone have any insights on how you handled this question?

We recently had a discussion about Kyle Busch's lawsuit against his life insurance agent that sold him very expensive Pacific Life insurance products. Hopefully for the family that suit has not settled resulting in the cancellation of those policies.

Edit: Apparently the suit was settled. That settlement likely is now very much in favor of PacLife given Mr Busch's untimely death this week.

Here is a link to the previous discussion:

https://www.reddit.com/r/LifeInsurance/comments/1rkws8q/nascar_champ_kyle_busch_pacific_life_settle_iul/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button