[Boomer]

Originally Posted by DAVES

My view. A large part of knowledge is knowing what you don't know. For many people, they don't know but will gladly argue that what they don't know but they are sure they are right.

I am aware that there is an all or none option. I'm not sure if you chose that option it, might prevent your order from going through, As I stated I have had trades where it is say a few hundred shares and it trades in groups of weird numbers all at the same 10th of a second. Like 6 shares, 8 shares etc etc etc it seems to be impossible and yet, I've seen it many times. I don't recall ever placing a sell at whatever price I've put in and had only part of it sold. We do not see what is going on. I assume once part of your sell order goes though you get put on some sort of priority status.

Re: not recommending a stock. I proudly think different than most. In discussing a stock I always make it clear that I HAVE and say it as many times as necessary for it to sink in, I am not an expert. I will be happy if you make money because it means that I have made money. If, you lose money, I to have lost money. When, talking money, truth is it is very rare that anyone will tell you the truth. Many people even without knowing it lie to themselves. Wow I made xxxx on this trade and xxxx on that trade. It is far to easy to forget wow I lost it all plus on that trade. I like the fidelity reports. It keeps me honest with myself.

Re: 1% to an advisor. I don't know what your position is on this. As you said they do not take 1% of your gains. I may be wrong but I think that was made illegal at the time of the great depression. People do not understand math. If, an advisor is charging you 1%
and your account is 10,000 I don't think they would take such an account but the math is the same. 10,000x.01=$100. If, you make one percent that year they take your entire gain. If, you lose money that year say 1%, they still take their 1%. Fuzzy math but you are down not 1% but 2%. Nothing is free. Is it worth it? Perhaps.

Re: calling a TAX a fee in an IRA.
Actually the same is true in a ROTH. When, you sell a stock there is a FEE that goes to the government. I had looked it up in the past. This FEE that is a TAX on what is supposed to be a non-taxible account is as I stated a word spin. Right now, if, I recall it is like .15 on any sale. Like ,25 on 10,000. Yes, it is nominal. We should know from experience any TAX always works the same. It is slipped in and then it goes up.

As far as RMD. It is now 72. I have about a year to go. I am planing on what to do.
Last I looked giving to charity is limited to 100,000. I'm not sure what my number is.
But, I do expect tax laws to change in a year. I read years ago they need to keep changing the tax laws to prevent people from figuring out how to minimize the taxes they pay. There is no problem finding people ready, willing and able to take the money I've worked for.

DAVES, regarding your first point, you, sir, have been validated by me because the very day I posted about "all or none," it kicked me out. I had plugged in a trade as such and left the house. Later that day, I took a peek at the close by phone and saw that the day's high was exactly the price I had put in. Thought I had sold. Got back home. Logged in to the account and -- what you said. (Even though I have, a few times, had the thing happen with the divided numbers of shares trading, I will henceforth let the limit price ride. With no commissions now, I just need to get over myself on that one.)

Speaking of advisors, I never spend time with any of those guys who want to buy me dinner first. I used to go sometimes, years ago, because I thought I might learn something, but, even then, I never gave out any information. I guess I did learn a few things -- like what I did not want to do. One guy, a long time ago, was even asking for SSNs.

(Note to Stu from NYC: I agree with your response earlier about the guy with all the letters after his name who goes to dinners, makes appointments, and then stiffs the presenter by not showing up. Your comment was low-key and pretty darned gracious though. My comment? Such arrogant, bordering on narcissistic, behavior is not what I would want in an advisor.)

DAVES, about that fee -- so THAT'S what that small amount is.

And, about the RMD -- since the last tax change made it nearly impossible to use the charitable deduction, the QCD, I think, seems to work out better sometimes because the money never appears in the AGI. Managing the RMD with a QCD could help some taxpayers to stay below Medicare’s IRMAA -- although for anybody nearing the IRMAA threshold, they would need to run the numbers to decide if they would rather be charitable or take the hit -- answers will vary, of course.

Boomer