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keycocker



Joined: 10 Jul 2005
Posts: 3445

PostPosted: Fri Apr 12, 2013 4:34 pm    Post subject: Reply with quote

What is a real estate yield? Is that the rate of rental return or something to do with resale profits?
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isobars



Joined: 12 Dec 1999
Posts: 14311

PostPosted: Fri Apr 12, 2013 6:45 pm    Post subject: Reply with quote

Careful you don't get too rich. All the years and even decades the government has been advising us to save for rainy days by investing our 401ks and IRAs to the max have caught Obama's eye. Now he's drooling over, and considering threatening, those fat public resources. He believes he has the right to cap their dollar value -- to decide how much money we will need before we die -- and tax (or maybe even take) any "excess" dollars from us by any of several complex means we won't see coming.

My idea? Paranoia? Not according to WSJ staff analysts at
http://tinyurl.com/c43e5qf ,
Beginning with:
"How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die?

Well, be careful how much you save.

That's the message in President Obama's budget for fiscal 2014, which for the first time proposes to cap the amount Americans can save in these tax-sheltered investment vehicles. The White House explanation is that some people have accumulated "substantially more than is needed to fund reasonable levels of retirement saving." So Mr. Obama proposes to "limit an individual's total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million for someone retiring in 2013." ... the value of a California police sergeant's pension if she works for 30 years, retires at age 50 and lives to normal life expectancy.

Thus do our political betters now feel free to define for everyone what is "needed" for a "reasonable" retirement. Not to be impertinent, but does this White House definition include being able to afford summers at age 70 at Martha's Vineyard near the Obamas?"

~~~~~~~~~~~~~~~~~~~~
That's OUR GD money, not yours, you greedy SOB. You will NOT take it from anyone with two balls, a brain, and a newspaper you don't control and give it to some slacker who chose not to earn and save more.
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pueno



Joined: 03 Mar 2007
Posts: 2701

PostPosted: Fri Apr 12, 2013 7:19 pm    Post subject: Reply with quote

Mr. Fick-shun wrote:

That's OUR GD money, not yours, you greedy SOB. You will NOT take it from anyone with two balls, a brain, and a newspaper you don't control and give it to some slacker who chose not to earn and save more.

Damn right, Mikey!! Don't let them take back those free disability payments you've been getting! That free cash from Obama is YOURS.
.
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slinky



Joined: 24 Aug 2007
Posts: 429
Location: Old Saybrook Ct.

PostPosted: Fri Apr 12, 2013 7:47 pm    Post subject: Reply with quote

There should definately be a limit on how much a person can contribute to an ira. Since the money one contributes is not taxable, indivuals who have more money than they know what to do with, and yes they do exist, use an ira as a way to avoid paying taxes. I am not sure what the limit should be , but there definately should be a limit.

Funny how the Wall Street Journal should think this a bad idea. I can't imagine why!
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isobars



Joined: 12 Dec 1999
Posts: 14311

PostPosted: Fri Apr 12, 2013 8:13 pm    Post subject: Reply with quote

slinky wrote:
There should definately be a limit on how much a person can contribute to an ira. Since the money one contributes is not taxable, indivuals who have more money than they know what to do with, and yes they do exist, use an ira as a way to avoid paying taxes. I am not sure what the limit should be , but there definately should be a limit.

Funny how the Wall Street Journal should think this a bad idea. I can't imagine why!

ME, neither, since it is ranked left of the NYT.

IRA contributions ARE taxed when we access them, which we must begin at the age of 70.5.
Roth IRA contributions are taxed BEFORE we invest them.

What law gives the government ANY right to determine how much of his own money someone wants for retirement?
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DanWeiss



Joined: 24 Jun 2008
Posts: 1958
Location: Connecticut, USA

PostPosted: Fri Apr 12, 2013 9:34 pm    Post subject: Reply with quote

isobars wrote:
SNIP

What law gives the government ANY right to determine how much of his own money someone wants for retirement?


The 16th Amendment, the Internal Revenue Code, all within common-law jurisprudence affirmed in the case of Marbury vs. Madison and its progeny.

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stevenbard



Joined: 11 Nov 1993
Posts: 4217

PostPosted: Sat Apr 13, 2013 12:22 am    Post subject: Reply with quote

keycocker wrote:
What is a real estate yield? Is that the rate of rental return or something to do with resale profits?


If you pay $1 million for a property and the net rental income (after expenses) is $100k the yield (cap rate) is 10%. Today the cap rates are 5% so people are willing to pay $2 million for the same property. When interest rates go up, the price people are willing to pay for the property goes down.
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boggsman1



Joined: 24 Jun 2002
Posts: 3605
Location: at a computer

PostPosted: Sat Apr 13, 2013 8:32 am    Post subject: Reply with quote

The Wall Street journal "left of the New York Times " , ISO... Just when I think you can't be any dumber, you go and out do yourself.
Clearly there are limits when investing tax free, and sheltering income. The IRA rules have been changing now the past decade as the Feds finally catch up to Wall Street, it's making my day job tougher, so it's not shocking the Journal is sounding alarm bells.
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swchandler



Joined: 08 Nov 1993
Posts: 5882

PostPosted: Sat Apr 13, 2013 1:20 pm    Post subject: Reply with quote

You know, it sad that the WSJ has turned into a paper that reflects the opinions of the wingnut right. The article that isobars posted is so blatantly twisted that it loses virtually all credibility. While I can understand a conservative business oriented approach in their editorial and commentary pages, the more it get stretched into a Fox News type drivel that is so obviously flawed and laced with misrepresented information, why even spend the time on it?
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mac



Joined: 07 Mar 1999
Posts: 5348

PostPosted: Sat Apr 13, 2013 1:59 pm    Post subject: Reply with quote

Rupert Murdoch?
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