OT Well, you all get your wish!!

[John Kuthe]

I will DIE within the next five YEARS!!

I can guarantee it! I know how, and it will WORK!

I'm gonna cash out my over $200K retirement fund, save this house from the Petroleum MONSTERS, and be DONE WITH MYSELF! Within FIVE YEARS!!

https://www.youtube.com/watch?v=yYwpnG-rkHI

John Kuthe...

[itsjoan...@webtv.net]

On Tuesday, May 21, 2019 at 8:43:14 AM UTC-5, John Kuthe wrote:
>
> I'm gonna cash out my over $200K retirement fund,
>

> John Kuthe...
>
If that's all you have in your retirement fund you need to get off your butt,
quit running a boarding house, get your head screwed back on correctly, and
GET A JOB.

[Dave Smith]

I don't know how American retirement investments work compare to Canada,
but cashing in that much looks like sheer folly. We can invest in
various retirement programs which are essentially tax deferral tools.
You don't have to pay income tax on it at the time it is invested but
you do when you cash them in. For most people, that means cashing in at
a time when your income is lower, so the tax rate will be lower.

If Kuthe's money is in a tax deferral plan he is going to find himself
in a much higher tax bracket and lose a huge chunk of that money.

[Ed Pawlowski]

Pretty much the same here. If he cashed out, the tax man gets a big
bite and if he loves longer than expected, it can be in a poverty
situation.

When we bought this house we closed before the old house closed. I had
to move some money around to do it. You have to be careful of the tax
man can get a big chunk of it.

[Dave Smith]

One of the best retirement investments I have seen was my uncle. He and
my aunt had their own businesses and properties and were able to retire
early, though they ended up going back to work because they liked
working, which is probably why they did so well for themselves. The
liquidated all the assets up here and moved to Florida and he put his
money into annuities. As you know, annuities pay you a pension as long
as you are alive. It's a crap shoot. If you die early they keep whatever
is left over, but if you live a long time you keep collection. He died
about a year and a half ago about 6 months short of his 100th birthday.
He is one of the few who ended up with a lot more than he had put into it.

[itsjoan...@webtv.net]

On Tuesday, May 21, 2019 at 12:31:23 PM UTC-5, Ed Pawlowski wrote:
>
> On 5/21/2019 10:48 AM, Dave Smith wrote:
> >
> > I don't know how American retirement investments work compare to Canada,
> > but cashing in that much looks like sheer folly.  We can invest in
> > various retirement programs which are essentially tax deferral tools.
> > You don't have to pay income tax on it at the time it is invested but
> > you do when you cash them in.  For most people, that means cashing in at
> > a time when your income is lower, so the tax rate will be lower.
> >
> > If Kuthe's money is in a tax deferral plan he is going to find himself
> > in a much higher tax bracket and lose a huge chunk of that money.
> >
>
> Pretty much the same here. If he cashed out, the tax man gets a big
> bite and if he loves longer than expected, it can be in a poverty
> situation.
>

Yes, when I was offered early retirement I rolled the 401k into an investment
company with the proceeds spread e v e r y w h e r e. If had I just taken
the money Uncle Sam would have gotten 20% but as I did it as a rollover there
was no penalty of any sort. I had to wait a full year to get my hands on the
pension and took it as a lump sum. Taking it as a lump sum resulted in it
being much larger than if I had just let it set there and slowly accumulate
as they were investing it in treasury bonds. It, too, was rolled over into
the investment account I had opened the previous year.

>
> When we bought this house we closed before the old house closed. I had
> to move some money around to do it. You have to be careful of the tax
> man can get a big chunk of it.
>

Ain't it the truth!

[Thomas]

What is your bucket list?
Mine is a space launch and a bj ftom your indian housemate.
I think an erupting volcano is how I want to go.

[Christ...@deathtochristianity.pl]

Actually dude I never expressed that as my wish. So watch your self
jack...err john.. kuthemeister.. whatever you choose to call yourself

--

____/~~~sine qua non~~~\____

[Christ...@deathtochristianity.pl]

On Tue, 21 May 2019 15:38:16 -0700 (PDT), Thomas <cano...@gmail.com>
wrote:

>What is your bucket list?
>Mine is a space launch and a bj ftom your indian housemate.
>I think an erupting volcano is how I want to go.

I just want to eat pineapple jam and peanut butter until I explode

[Alex]

If he's going to check out in 5 years, or less, he can live on that with
his rental income. He has no friends or social life, remember?

[itsjoan...@webtv.net]

True! And let's not forget his gang busters candy business.

[Sqwertz]

On Tue, 21 May 2019 06:43:11 -0700 (PDT), John Kuthe wrote:

> I will DIE within the next five YEARS!!
>
> I can guarantee it! I know how, and it will WORK!
>
> I'm gonna cash out my over $200K retirement fund, save this house from the Petroleum MONSTERS, and be DONE WITH MYSELF! Within FIVE YEARS!!

You mean what's left in your FATHER's retirement account. Out of
the $500K you inherited, I'm surprised there's even that much left.
You would have had nearly all of if t left is you just continued to
rent.

So let's do the math....

Just kidding,. That would be pointless.

-sw

-sw

[Bruce]

On Tue, 21 May 2019 18:25:47 -0700 (PDT), "itsjoan...@webtv.net"

"Give it a rest" (itsjoan...@webtv.net)

[itsjoan...@webtv.net]

On Tuesday, May 21, 2019 at 9:10:23 PM UTC-5, Bruce wrote:
>
> "Give it a rest" (itsjoan...@webtv.net)
>

You forgot my free advice I gave to you a couple of weeks ago.

[John Kuthe]

I live VERY inexpensively, except for my latest tastes for high end audio equipment (Klipsch speakers, McIntosh amp, THE BEST) which I can afford. I've lived in shared student living for 30+ years now, and I've integrated it into my "retirement plan"! I have NEVER lived alone really, ever!

And I'm NOT "running a boarding house", I've bought my last Shared International Student Living house, cash, and spent more on it to fix it up nicely! This is NOT a rental the way most United Statesians think of as "rental property", because this is a new NOT FOR PROFIT business model to most SPOILED ROTTEN United Statesians! This is Owner OCCUPIED rental space near UMSL, very hot property for rentals near school. And I fell into it after answering a Craigslist ad and finding this house in a pretty bad state of disrepair, and I REPAIRED IT!

I am a revolutionary NEW Human in the U.S. especially! Just because YOU don't recognize or agree with my brand of crazy! I do not expect many of you to anyway. Most here are not advanced enough to understand, so I don't really expect it!

John Kuthe...

[John Kuthe]

On Tuesday, May 21, 2019 at 12:31:23 PM UTC-5, Ed Pawlowski wrote:

...

> Pretty much the same here. If he cashed out, the tax man gets a big
> bite and if he loves longer than expected, it can be in a poverty
> situation.

Nope!! All my inherited $$ I inherited TAX FREE! My father had set up a Living Trust to his accumulated fortune as a way to avoid Probate!

> When we bought this house we closed before the old house closed. I had
> to move some money around to do it. You have to be careful of the tax
> man can get a big chunk of it.

Right! Tax collectors and Probate Court SUCK! My father did a LOT of research on how to avoid having his rather large inherited wealth pillaged by the unworthy!

Thanks for your concern though, Ed. :-)

John Kuthe...

[Jeßus]

On Tue, 21 May 2019 20:34:00 -0700 (PDT), John Kuthe
<johnk...@gmail.com> wrote:


>I live VERY inexpensively, except for my latest tastes for high end audio equipment (Klipsch speakers, McIntosh amp, THE BEST) which I can afford. I've lived in shared student living for 30+ years now, and I've integrated it into my "retirement plan"! I have NEVER lived alone really, ever!
>
>And I'm NOT "running a boarding house", I've bought my last Shared International Student Living house, cash, and spent more on it to fix it up nicely! This is NOT a rental the way most United Statesians think of as "rental property", because this is a new NOT FOR PROFIT business model to most SPOILED ROTTEN United Statesians! This is Owner OCCUPIED rental space near UMSL, very hot property for rentals near school. And I fell into it after answering a Craigslist ad and finding this house in a pretty bad state of disrepair, and I REPAIRED IT!
>
>I am a revolutionary NEW Human in the U.S. especially! Just because YOU don't recognize or agree with my brand of crazy! I do not expect many of you to anyway. Most here are not advanced enough to understand, so I don't really expect it!
>
>John Kuthe...

Why don't you create a new religion or cult, John? You can be it's
leader and/or messiah. Think of the tax and many other benefits. You
could turn your Shared International Student Living house into a
temple and expand from there.

[Michael Trew]

Clock is ticking...

I bet that $200K is long spent ;)

[Bruce]

On Wed, 08 Dec 2021 01:29:35 -0500, Michael Trew
<michae...@att.net> wrote:

>On 5/21/2019 9:43, John Kuthe wrote:
>> I will DIE within the next five YEARS!!
>>
>> I can guarantee it! I know how, and it will WORK!
>>
>> I'm gonna cash out my over $200K retirement fund, save this house from the Petroleum MONSTERS, and be DONE WITH MYSELF! Within FIVE YEARS!!
>>
>> https://www.youtube.com/watch?v=yYwpnG-rkHI
>>
>> John Kuthe...

You should outlive Bryan, just to annoy him.

[Thomas]

I did get that bj...

[Bruce]

On Wed, 8 Dec 2021 00:59:57 -0800 (PST), Thomas <cano...@gmail.com>
wrote:

One begs your pardon?

[Hank Rogers]

It's just talk. He does this sometimes in the brief moments when he
drops out of his normal manic phase. A year or two earlier, he
planned to die by hypothermia, but was OK after the winter passed
... If you can call hopeless insanity OK.

[GM]

This is the modern digital version of that old 50's favorite TV show,
"This Is Your LIFE, John Kuthe...!!!"

--
GM

[Bryan Simmons]

Remember this?
https://www.chick.com/products/tract?stk=0001
>
> --
> GM

--Bryan

[GM]

Ah yes, the Chick tracts... I'm sure they've got some damning Christmas, I'll have to
read some over the holidaze for some laffs...

--
GM

[Thomas Youkoski]

No need to beg. It was on my bucket list from the original post above from 2019. Scroll up?

[Gary]

I suspect that $200k retirement fund is money that he will get by doing
a reverse mortgage. (He's old enough to do that now)

If that's true, John, you should look into that right away. Don't wait
until you're desperate for money. If your house and property is valued
at $200k now, reverse mortgage will give you a line of credit for less
that half that amount. Call or email and ask one of those companies.

You'll get a line of credit. interest will begin once you access that
account.

I am familiar with this. Many years ago, I helped a friend get one. My
help was merely researching the process then explaining to her what she
was getting into.

In her case, house/property had a value of $450k.
She did do it and got a credit line of about $190k, I think it was.
Notice that's less than half the value.

In your case, I would save that as a last defense.
If you insist on remaining unemployed, I suggest filing for early SS
payments... age 62 only three months away. Not as much money but a
steady lower monthly income for the next 5 years vs no income.

Good ol' Ed is knowledgeable about all this. I'm serious. I welcome his
opinion about what I just said.

I see 4 options for you -
- get a job, dammit!
- file at 62 for SS
- sell your house now and live cheaper
- or do a reverse mortgage

[Ed Pawlowski]

Pretty much agree. First though, set a budget. Look at what you need
to cover taxes, insurance, utilities, food. Once you know that you can
plan to have that much money every month.

If you take the reverse mortgage money with no plan it can be pissed
away and then you are screwed. Put it into a fund of some sort that can
pay you out monthly, or once a year at tax time.

If you need the money, SS is reliable but at a reduction if you take
now, but that may be best. Unless you have four+ years income in the
bank to wait it out.

Another option is to sell the house and go to a cheaper one and bank the
difference. Plenty of people downsize at retirement and move to a
cheaper to live location.

[Mike Duffy]

On Thu, 09 Dec 2021 10:06:14 -0500, Ed Pawlowski wrote:

> Another option is to sell the house and go to a cheaper one and bank the
> difference. Plenty of people downsize at retirement and move to a
> cheaper to live location.

That actually makes fiscal sense, because someone not named 'John Kuthe'
might be able to rent out rooms to college kids after cleaning up the
mess. As you may know, for this his house is in a good location location
location.

[Gary]

If John dies within the next 5 years, I know of one person here that
will be mighty happy. ;)

[Bruce]

On Thu, 9 Dec 2021 10:06:14 -0500, Ed Pawlowski <e...@snet.xxx> wrote:

>Pretty much agree. First though, set a budget. Look at what you need
>to cover taxes, insurance, utilities, food. Once you know that you can
>plan to have that much money every month.
>
>If you take the reverse mortgage money with no plan it can be pissed
>away and then you are screwed. Put it into a fund of some sort that can
>pay you out monthly, or once a year at tax time.
>
>If you need the money, SS is reliable but at a reduction if you take
>now, but that may be best. Unless you have four+ years income in the
>bank to wait it out.
>
>Another option is to sell the house and go to a cheaper one and bank the
>difference. Plenty of people downsize at retirement and move to a
>cheaper to live location.

Stories from Uncle Ed, for around the fireplace.

[Michael Trew]

He'll never get half out of it for what he put into the gutters and
roof. I imagine he'll die in the house, unless he can't make the
property tax payments.

[Michael Trew]

On 12/9/2021 6:39, Gary wrote:
> On 12/8/2021 1:29 AM, Michael Trew wrote:
>> On 5/21/2019 9:43, John Kuthe wrote:
>>> I will DIE within the next five YEARS!!
>>>
>>> I can guarantee it! I know how, and it will WORK!
>>>
>>> I'm gonna cash out my over $200K retirement fund, save this house
>>> from the Petroleum MONSTERS, and be DONE WITH MYSELF! Within FIVE
>>> YEARS!!
>>>
>>> https://www.youtube.com/watch?v=yYwpnG-rkHI
>>>
>>> John Kuthe...
>>
>> Clock is ticking...
>>
>> I bet that $200K is long spent ;)
>
> I suspect that $200k retirement fund is money that he will get by doing
> a reverse mortgage. (He's old enough to do that now)

I'm replying to a post from over 2 years ago. I think the $200K was
what was left of his father's money that he pissed away at that point.
Now, down to a few thousand... I think he told us $5k last time? Most
will be eaten with his property tax bill at the end of the year.