SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kollmhn who wrote (150544)5/3/2011 7:52:54 PM
From: Bearcatbob  Read Replies (1) of 206325
 
OT: Retirement income and income management.

I have now spent two + years in retirement and I love it. Taxation and retirement income management income is something I have some experience with. However, barring some new black swan event - this year will be a new experience as option income is all ordinary income. Here are some thoughts:

1. I have learned to capture "tax losses" to "manage income". For instance - I have had XOM and have captured the loss when it fell - but I have reentered after the wash time. Yes it is a loss - but it comes back. In the wash window one could use CHV. Capturing losses is critical for tax purposes is critical.

2. Given 1 above - as it stands now I will not be able to shelter this years gains - lol - famous last words? Last year I took an IRA with drawl to goose my income so that my deductions were at a higher level.

If I cannot shelter this years income I will not draw down my IRA and will pay ICT through the nose. What the heck - my life time goal is to pay a million dollars in ICT some year. I doubt that will ever happen.

I have been working on estate planning and looking for ways to give our money to our family and not the government. One way is Life Insurance - but - I hate to give up capital when it can be used so profitably to generate call/put income.

Any ideas on sheltering income for inheritance purposes is appreciated.

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News