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121
Zephyr
2005 Jul 21, 4:47pm
Yes. Double taxed eventually.
You mentioned moving the money offshore before 59.5 -- How can you do this without a taxable withdrawal?
122
Peter P
2005 Jul 21, 4:52pm
Peter P
2005 Jul 21, 4:52pm
You mentioned moving the money offshore before 59.5 — How can you do this without a taxable withdrawal?
It is not possible. So I am not very comfortable about it.
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The Housing Bubble's now official. The jig is up, cat's out of the bag, fat lady has sung. "Mr. Bubbles" himself called it in this morning's testimony before Congress: tinyurl.com/a7g7k. Of course, one could argue that AG & Co. are largely responsible for starting this mess, but that's a topic we've already covered in previous threads.
So, is there anyone left (non troll-wise) who can rationally deny that the Bubble exists? Perhaps the only topics left to debate are the questions about magnitude, impact and strategies for dealing with it. How far will prices fall? Which regions/communities will be hit hardest? What will be the macroeconomic implications of the fallout (see previous Inflation/Deflation thread)?
How should one position oneself financially to benefit from the impending crash (proactive/aggressive investment strategies)? How does one best position oneself to protect existing wealth/assets from RE market-related destruction (defensive/hedging strategies -- see Hedging thread)?
HARM
#housing