chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 18, 2019 8:09:26 GMT -8
Boy, a little red ink and it suddenly gets very quiet around here . Perhaps it’s the crush of last minute holiday shopping 🛍. The Loop has 10 years of Apple in 10 minutes. As Robert Hunter has written, “What a long strange trip it’s been.”
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Dec 18, 2019 8:17:15 GMT -8
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Dec 18, 2019 8:53:02 GMT -8
Some minor IRA changes are likely to happen, including extending the age to 72 that required minimum distributions need to be made, extending the age one to add money to an IRA, and shrinking the drawdown period to 10 years for IRAs passed on. IMO these are relatively minor changed on average, but big changes to those directly affected. While we hopefully have a few years until worrying about it, as AAPL has continued to go up, our Roth's have grown in size and changed in usefulness, becoming something that will likely be passed along instead of us personally utilizing it's tax free benefit. 10 years seems a little strict, especially if there isn't a delay for minors.
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Post by montegn on Dec 18, 2019 9:42:00 GMT -8
Thank you 4aapl for the link concerning IRAs. The change in drawdown period for inherited IRAs will result in changes to some folks' estate plans. Quite happy aapl has gone back up to 280. Cheers to the longs !
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Post by artman1033 on Dec 18, 2019 11:56:00 GMT -8
AAPL ALL TIME HIGH! $281.89 All Time Highest TODAY intraday
updated at close (3 PM CENTRAL)
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Post by firestorm on Dec 18, 2019 14:19:55 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Dec 18, 2019 15:30:51 GMT -8
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Dec 18, 2019 15:43:22 GMT -8
It's still good to know. I didn't see this tidbit in the other article, which I find important. Heck, this might help all of those part-time ski instructors: I'm not happy about the ROTH IRA change when passed on to a beneficiary. But, this follows the general trend of going after some of the edge case things that are more "gaming the system", like the former social security option where you could pay back what you took to reset your date. For any of us that still have a few years until these things take hold, it just goes to show that you can't put too much emphasis on something that looks really exploitable to still be around. But such is life. Personally, I'd rather they chop down the carried interest tax break (LTCG rates) for hedge fund managers, but that's just me, and I have read a piece on it that made a good case.
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Post by hyci004 on Dec 18, 2019 16:42:34 GMT -8
“Apple hasn’t said how many Watches and AirPods it’s sold.” This is a positive not a negative. And it’s a big market. Every time an analyst / columnist complains about Apple, the cash register or ApplePay rings in an Apple store.
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