Wednesday, September 17, 2014

News Only Because of Who Puvlished It

In a conservative publication, it would not be news.

OVER the past two decades, the majority of Americans in a country deeply divided over gun control have coalesced behind a single proposition: The sale of assault weapons should be banned.

That idea was one of the pillars of the Obama administration’s plan to curb gun violence, and it remains popular with the public. In a poll last December, 59 percent of likely voters said they favor a ban.


IRA 10% Penalty Exception

I mentioned previously that the 10% early withdrawal penalty does not apply to 401k funds withdrawn in the event of permanent disability.  But it turns out most of retirement funds are in an IRA as a result of a rollover a couple of years ago.  It turns out the same rule applies for an IRA.
Topic 557 - Additional Tax on Early Distributions from Traditional and ROTH IRAs
To discourage the use of IRAs for purposes other than retirement, the law imposes a 10% additional tax on early distributions from traditional and Roth IRAs unless an exception applies. Generally, early distributions are those you receive from an IRA before reaching age 59½. The 10% additional tax applies to the part of the distribution that you have to include in gross income. It is in addition to any regular income tax on that amount.
Distributions that you roll over or transfer to another IRA or qualified retirement plan are not subject to this 10% additional tax. For more information on rollovers, refer to Topic 413.
There are exceptions to this 10% additional tax for early distributions that are:
  • Made to a beneficiary or estate on account of the IRA owner's death
  • Made on account of disability

Time to Adjust My Portfolio

A couple  years back, I bought a number of preferred stocks and other equities with high dividends.  Mostly, these have worked out well.  ..  Barclays Preferred (BCS:PRD) has a current annual yield of 7.89%.  Relative to  paid for it, it is still an 8.5% yield. Others have been disappointing.  Atlantic Power (AT) currently has a 14.32% yield.  The stock has fallen in value since I bought but even relative what I paid for my 1000 shares, it is still a 2.65% annual yield. Not great but better than a CD or money market fund.  Some of my more recent purchases have performed very well, like FrontierTelephone (FTR) which has a current yield of 6.17%, and compared to where I bought it, is returning 9.1% annual yield based on what I paid for it, but also $1500 IN EQUITY GROWTH.  a COUPLE OF HIGH YIELD STOCKS THAT STOPPED PATING dividends need to be sold, and replaced with stocks Suburban Propane..

Rare Good Sense From Lurch

Rekease Date

The current release date is two weeks.  I was having some problems walking todau becaae of weakness in myb right leg. so the n.eurologist ordered a CT scan to make sure something ekse hasn't gone wrong

Monday, September 15, 2014

New CDC Smoking Ads

Being in the hospital means that I am seeing advertising again.  If I never see another of the stupid Fiat 500 ads that is fine.  But CDCs antismoking ads are powerful, like this one.

Wgile I don't like Nanny State nonsense ar least these are attempts to persuade not order or force, the approach that should be used for disxouraging drug abuse.

Hard Dieting

I now weigh 186 pounds, 24 pounds below what I weighed on heart attack day.