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Reagan1k

Certifiably Surly
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Everything posted by Reagan1k

  1. If you own a business that would or could still have value after you check out, you also need to do some planning there. Having partners necessitate well through out buy-sell agreements and you may need to do some insurance planning around that. Same if you have a key employee that you'd want to take over.....or a kid for that matter. Have some intentionality about your goals and put them into agreements that take greed and guesswork off the table. I'm no attorney but one observation I've made over time and through some experiences is that when dividing assets, fair does not necessarily equal even and even does not necessarily equal fair. When planning for kids, it can help to decided if you want things divided equally or fairly. Neither is right or wrong, but make sure you know which way you want to go.
  2. Somebody paid $10-large for a Marlin 336 on Gunbroker. Several really outlandish sales recently. Not just people bidding stuff up 10-20% higher than market, but $1000’s. There have been a string of things like this. This is not a one-off. People are starting to ask questions. I’m trying to figure out the game. Money laundering….or is some dude terminally ill and mid divorce, trying to grudge-waste his money so a soon to be ex can’t? You Paid What???
  3. I’m planning there being on a dip in real estate prices following a nuclear strike, so I’ll trade my ammo for cash and buy up a lot of class A property to start my real estate empire. I’m also betting there will be shorter lines at Franklin, Snows, etc. so I may drive back to TX and finally do a big brisket tour with minimal waits.
  4. Tell me more about the bullpup setup he already had.
  5. Everybody is eating somebody in nature. I like to imagine worms having the same debate about us.....aren't we just free range humans living in their air farm as they wait for us to die and be buried? Those who are cremated are the ones that got away.
  6. Keep ticking those days off. There isn’t anything right now that a drink or ten will make better. Happy for you. That’s a great feeling when some clarity seeps in.
  7. And if you find one for sale it is either very expensive or you found a bargain and must buy it on the spot.
  8. I just got back. Mask situation is dramatically different than it was 9 months ago. No one wearing them outside and no longer required. Many not wearing them inside, or have them on but pulled down. Curfews are later and seem to be more fluid. I was shocked at how many people weren't wearing masks at all inside the terminal at BZE. Huge difference in 9 months. Had a great trip. Caught some fish with Tino. Grabbed a bowl of island paella at Aji. Read a book while having a great breakfast at Waffle & Smoke. Helluva good chair massage at Secret Beach while my wife and her buddies sipped drinks and people watched. Made it back to Hidden Treasure for the first time in a couple of years and they are still doing things right. No complaints!
  9. I don’t disagree with that at all but to find out the true arbitrage your do have to compare a tax free 3% rate of return to your actual taxable, variable rate of return of the funds invested elsewhere and your risk appetite. That’s where the personal comes into play in personal finance. No one right answer for sure.
  10. Yep- and I “try” to remember that if I repeatedly encounter assholes in a given day…. I’m the common denominator in those interactions- meaning it’s probably my expectations, attitude, and spiritual condition that are driving what I’m feeling. No one woke up today thinking about how they can ruin MY day. Life is what happens around me but it’s not happening TO ME- I’m just living in this world for now so I’m going to experience life. I encounter life and it’s situations- they aren’t pointed at me. Just TRYING to remember that is progress and that’s for what we strive. Never perfect, but a shit-ton better than it was!
  11. "Class, this is exhibit #1 in demonstrating the difference between spirituality and religion."
  12. That is true. You can avoid this however if you use a 72(t) election and take substantially equal periodic payments for a period of time. 72(t) can also be used to arbitrage marginal tax rates in the event someone might expect higher income later in life (when RMDs kick in), allowing you to draw down IRA balances faster than if waiting until 59.5.....not common but can happen. That software does exist, but is usually inside a fee-based program to which financial planners subscribe. It allows for lots of variable inputs, changes in rates of return, inflation rates for specific items (healthcare vs. housing), varying expenses as you age, and differential capital or income streams over time (inheritance / buy-out / deferred comp, etc). You could probably spend a few hundred bucks and have a fee-only planner run a bunch of scenarios for you, but for most of the DIY online stuff, you're stuck with the cookie-cutter input/output.
  13. Nothing compares to the look on a kid’s face when his mom is in tears begging and screaming at him to “Just throw a strike.” Bitch- you think I’m trying to skip these balls off the plate and throw behind the batter’s head?
  14. 1st season of kid pitch- when the mommas cry and the fathers show their ass!
  15. Feelings aren’t facts. That’s a good place to start. We don’t have control over the thoughts that come into our heads- but we can control what we do with them. If we dance with them, then they take the lead and we are but a passenger along for the ride. ”There I go again…” is my attempted go-to when I get irrational or into fear. I acknowledge the thought and then remind myself that reality is different. CBT may be of assistance in helping to arrest and manage those feelings. Normally it is some exaggerated fear of losing something we have or not getting something we want. CBT will help to deal with those self-centered feelings…. Self-centered not in the stingy/selfish way, but based in the feeling that life is happening to me, rather than life is just going on around me. The depression is probably intertwined in there and the two feed off each other. You aren’t alone in those feelings!!!!!
  16. I was always telling myself that I would get help if I ever crossed “X” line, but the disease keeps moving that line farther and farther away (and closer to destruction of some sort). I didn’t know what “help” even looked like but I now know that was the fantasy that there would be some mental or physical trick to allow me to simultaneously control AND enjoy my drinking. Stopping all-together was not an option I ever considered as I couldn’t imagine life without my crutch. It is possible to live in peace without the drink after all. Who knew???? There is a solution and I’m so grateful that it was demonstrated to me. Glad you folks are here.
  17. My experience only- tell them you love them, but don’t JUST tell them you love them….instead tell them WHY you love them. If he’s terminal, he knows he’s dying. What he’ll like to hear is all the unsaid things that should have been said. I had a friend die last year, far too young, and I told them all of the things they did for me that meant so much and talked about all the great memories. The exact things that will make you mourn their loss will bring them joy to hear; expressed by you while they are still physically here. That advice was given to me from a hospice worker and the experience changed from one I feared and transformed into one of the greatest interactions of my life.
  18. Makes perfect sense to me and I’d expect they’d get that big- they’d certainly have the opportunity. Without crops, I’d guess the caloric burn vs. caloric intake is just too high when foraging on only natural groceries..
  19. I don’t know if someone’s cheating or not but my experience is that it’s difficult to get a wild hog above 300#. I’ve killed many 100’s and have seen 1000’s dead and alive and 250#-275# is a freaking tank in the wild and bordering on an outlier. Short of intentionally fattening them for a contest, my belief is that a hog can’t get that large unless they have a permanent agricultural resource from which to eat. Given 1000’s of acres of farm land, I could see a big boar topping 3 bills but foraging for revolving natural food sources doesn’t seem to get it done based on my observations. YMMV.
  20. Highly recommend the podcast Beyond the Kill. Recent episode on terminal performance was very good. Goes into lethality of various calibers and short action vs. long action at distance in big game. And that big cat photo is cool. Not sure I’d take the shot but no judgement either way. It is a retread however. That cat was killed in ‘20 and the Facebook Catherine wheel is spinning it back up now.
  21. Yep...... In all seriousness, an old illustration is as worthless as tits on a boar considering the changes in investment experience and interest rates. Surprising to some, major insurance companies' portfolios have experienced some nice returns relative to other non-equity investments because of their class A real estate holdings, etc.
  22. 1) If your father is 85 and his whole life policy is decades old (seems so based on the OP), it may already be self sustaining. If paying the premiums out pocket becomes an issue, you probably have a couple of options and should get those answered now, before it ever becomes an issue (if it ever does) ......a) ask the agent to run an INFORCE ILLUSTRATION using the dividends to offset the premium and / or a policy loan if the dividends don't cover it and b) ask them to show you the increase in death benefit (paid up additions) for each new premium paid. Old policies like this presumably would be self-funding at a point, if the underlying insurer is strong. Also, most of these policies are set to have each dividend buy a "paid up addition" which is basically trading cash today for an increase in the policy's death benefit down the road. As an example, the premium may be $1000, the annual dividend may be $1800, and if used to buy paid up additions to the face amount, the increase in death benefit might be $2500. Those are made up numbers but from an estate planning standpoint, you may be able to take $x out of pocket A and put $xxx in pocket B. If he/you doesn't need the premium payment funds for immediate needs, it is likely worth continuing to pay it. If money is tight, using the dividend or even a policy loan to offset the premium could make sense. Before you and your father jump to any conclusions, make sure you look at all the angles using INFORCE ILLUSTRATIONS so you can see how taking dollars from pocket A impacts pocket B. 2) On the group life question, your cousin needs to get a copy of the group life policy from his employer. He needs to be looking for things like portability clauses, waiver of premium, or convertibility clauses. Some policies have none of those options, but others allow for you to take the term policy with you on termination, convert it to a permanent policy, or may have a clause that waives the premium in the event of a permanent disability (meaning he can keep the policy). It would be vitally important for him to get the policy, dig into the provisions, and ask his HR or the company's agent a lot of questions to determine what he can and can't do....don't wait until after separation of employment. Do it now. And, very sorry to hear about your cousin.
  23. Level term is inexpensive insurance to replace income or pay for increased expenses if death occurs during the prime earning years or “expensive” years when you have dependents. 30 year level term is cheap until you hit 35+, and 20 year is cheap into mid-late 40’s barring some health issue. Permanent insurance is a tool (often mis-sold) that is useful in the right situation. It doesn’t “suck” any more than a hammer “sucks” when what you really need is a screwdriver. Used in the right scenario and it has its place. In the wrong application it’s misguided at best. Use the right tool for the job, and when kids are young and death benefit needs are high, the right tool is normally level term. Buy term life from a good company with convertible options regardless of future insurability and don’t sweat the pennies when the future of your family is at stake.
  24. Life expectancy tables have been updated for the first time in something like 20 years so that’ll be a slightly smaller RMD bites, but won’t help a ton. If they were smart and wanted to increase current tax revenue they’d allow limited withdrawals above the RMD to be made at a special lower tax rate provided they were reinvested for a period of years (create a hybrid, restricted, taxable account in the same vein as the IRA) People would be incentivized to get money out and the Treasury would get current revenue right away instead of only getting the bare minimum out of big IRAs. Call it a TROTH- Taxable Roth
  25. The original “Ranch” moniker was Ruger’s attempt to make the Mini-14 less A-Teamish and more utilitarian…. Which it really was. Great knock around semi-auto that was very useful as a truck gun. I saw that they now call the carbine bolt actions Americans by the same name and all I can figure is they think all of us old fuckers are dead or can’t remember.
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