Texxas777 Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. Thanks in advance! Texx 1 1 Link to comment Share on other sites More sharing options...
PAPATOM Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. Thanks in advance! Texx there are not any. everyone has an opinion, and everyone backs up their own opinion.... Link to comment Share on other sites More sharing options...
MrRich Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. Thanks in advance! Texx I think it will start around $2 and float up from there. Lowest I can see it initially is $1. Highest is $2.50. But what do I know? I'm no guru. I'm just a guy ...... yada yada 4 Link to comment Share on other sites More sharing options...
ssam Posted September 18, 2010 Report Share Posted September 18, 2010 I have heard many projections...I have no clue as I am sure no one actually does... I am expecting from .49 to 1.85...but that is only my thoughts, nothing to back it up. I would be happy with that. Higher would be better 1 Link to comment Share on other sites More sharing options...
tcjams Posted September 18, 2010 Report Share Posted September 18, 2010 I think it will start around $2 and float up from there. Lowest I can see it initially is $1. Highest is $2.50. But what do I know? I'm no guru. I'm just a guy ...... yada yada I agree with you Scooby Doo, but I think everyone should remember the buy/sell. It may come out as $2 but we will get less on the sell back. Like you...what do I know.... Link to comment Share on other sites More sharing options...
Maynard57 Posted September 18, 2010 Report Share Posted September 18, 2010 TerryK says $4.25. And its already happened. So I guess I'm going with that. All seriousness aside, we need to find a happy medium between a rate high enough to bail out the economy in Iraq and worldwide, taking into account the inflation and deficit, and budgetary needs, and avoiding a full frontal assault from Wall Street and the Russian mafia. I'm guessin' two and a half bucks. Maynard 2 Link to comment Share on other sites More sharing options...
Eddinar Posted September 18, 2010 Report Share Posted September 18, 2010 I would say $2.50 before 11/1/2010 1 Link to comment Share on other sites More sharing options...
mrref Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. Thanks in advance! Texx WHAT ARE YOU KIDDING ME??WHAT KIND OF QUESTIOIN IS THAT?? NOT ONE PERSON IN THE WORLD KNOWS THAT ANSWER. OH MAYBE JUST MAYBE CBI KNOWS, SO MY ADVISE IS TO CALL THEM 4 2 Link to comment Share on other sites More sharing options...
BobbyToGo Posted September 18, 2010 Report Share Posted September 18, 2010 Texas777 You can only get so far with your planning, running scenarios at different rates. Having a few, if not more, contingency plans in place related to different RV rates would be a prudent course at this point. To get too specific in planning or trying to nail down too specific a RV estimate, for now, would be like giving a blindfolded drunk monkey darts and having him try to hit a target rate with them. You may get lucky, you may get hurt. I, personally, have run scenarios for all the way from .10 to 2.50 and am not counting on anything. One involves paying off cars, house, being comfortable. The other involves offshore accounts, LLC's, Trusts, etc.. Having said all that, I still longingly surf the 'island property' and 'fishing yacht' websites, hoping to be doing a happy dance, soon. It's good to have a dog in this hunt, isn't it? 2 Link to comment Share on other sites More sharing options...
gjames_54 Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. I have already set up my account with a wealth management advisor and they gave me a relations specialist as well. There are many ways to invest, but no one knows exactly what the rate will be. One thing that I did was to ensure that I will receive a annual annuity for the rest of my life and the rest I will put into cd' ( CDARS) that will be invested for only one year at a time just in case the rates increase. All of the interest amount that is accrued will be reinvested into additional cd's at the current interest rate. This is just a preliminary way to be set up for when the dinar ri's/rv'. We can adjust accordingly as things start to unfold. The banks will always try to do what is best for them, so keep in mind that it is your money and that you have all of the say so. I have also acquired a very good tax attorney and an accountant to help with the estate and charitable decisions. They all know what is going on and they will not commit to anything until the time comes. Just stay informed and ready to have your money transferred to an account. Make sure that the financial institution that you have chosen is well insured and have assets to cover your money while it sets in an account until you have decided how you want to invests. It is very important that you know how you want things to go financially because the banks will pressure you into investing immediately. If you have your money send to a savings account for a short period of time it will always accrue interest at 1-2%. The banks will want to maximize that interest internally as soon as possible so be careful and be smart. The last thing that I will tell you is to have them explain everything to you as if you are a 7 year old. Thanks in advance! Texx have already set up my account with a wealth management advisor and they gave me a relations specialist as well. There are many ways to invest, but no one knows exactly what the rate will be. One thing that I did was to ensure that I will receive a annual annuity for the rest of my life and the rest I will put into cd' ( CDARS) that will be invested for only one year at a time just in case the rates increase. All of the interest amount that is accrued will be reinvested into additional cd's at the current interest rate. This is just a preliminary way to be set up for when the dinar ri's/rv'. We can adjust accordingly as things start to unfold. The banks will always try to do what is best for them, so keep in mind that it is your money and that you have all of the say so. I have also acquired a very good tax attorney and an accountant to help with the estate and charitable decisions. They all know what is going on and they will not commit to anything until the time comes. Just stay informed and ready to have your money transferred to an account. Make sure that the financial institution that you have chosen is well insured and have assets to cover your money while it sets in an account until you have decided how you want to invests. It is very important that you know how you want things to go financially because the banks will pressure you into investing immediately. If you have your money send to a savings account for a short period of time it will always accrue interest at 1-2%. The banks will want to maximize that interest internally as soon as possible so be careful and be smart. The last thing that I will tell you is to have them explain everything to you as if you are a 7 year old. 3 Link to comment Share on other sites More sharing options...
Steveruss Posted September 18, 2010 Report Share Posted September 18, 2010 being prepared is a good thing, date and rate is hard to pinpoint Link to comment Share on other sites More sharing options...
cplinedrive Posted September 18, 2010 Report Share Posted September 18, 2010 Hey all! I believe we are getting close and so we are preparing for various scenarios with tax and estate planning etc. For my calculations I am looking for some realistic RV rates. Would appreciate solid input and not goofiness if you can manage it. Thanks in advance! Texx Here's a crazy idea....put it all in TAX FREE municipal bonds...........maybe @ 4%......ya think you can live comfortably? any other ideas out there? cp 1 Link to comment Share on other sites More sharing options...
Mammaw Posted September 18, 2010 Report Share Posted September 18, 2010 Well Tex, sounds like you have gotten some pretty sound advice. But when it all comes down to it, we just don't know. RUMORS have it coming in anywhere from .10 to $9.00. And then you have to decide WHEN will you cash in, right away or after it is out there for awhile...a few days. We are all speculating here. But at least you were able to get an idea as to how to proceed. Keep up the questions. Thats how we all learn. A fellow Texan... 1 1 Link to comment Share on other sites More sharing options...
dlbfilm Posted September 18, 2010 Report Share Posted September 18, 2010 LOL Now thats funny.... There are so many predictions on rates.... lol really?????? 2 Link to comment Share on other sites More sharing options...
Hopeful Leo Posted September 18, 2010 Report Share Posted September 18, 2010 I say consider various rates and do 3 sets of scenarios. One at $1, one at $2 and one at $3....? That's what I'm doing. I have at least 3 plans so that I'll know what to do as soon as it happens. Good luck! 2 Link to comment Share on other sites More sharing options...
Texxas777 Posted September 18, 2010 Author Report Share Posted September 18, 2010 Thanks for the quick, honest responses! I am running multiple scenarios for sure and like the rest of us just trying to get a game plan together. Best to us all! PEACE, Texx Link to comment Share on other sites More sharing options...
dlbfilm Posted September 18, 2010 Report Share Posted September 18, 2010 Best of luck.... we will know soon.... Link to comment Share on other sites More sharing options...
SuperFlyJr Posted September 18, 2010 Report Share Posted September 18, 2010 Here's a crazy idea....put it all in TAX FREE municipal bonds...........maybe @ 4%......ya think you can live comfortably? any other ideas out there? My idea is that municipal bonds currently suck. They were once an amazing, sure-fire, safe investment but with local and state governments seriously in-debt and/or bankrupt I would no longer trust them. I'd suggest you look into diversifying outside of US dollar back assets. 2 Link to comment Share on other sites More sharing options...
dinariac Posted September 19, 2010 Report Share Posted September 19, 2010 Texas777, gotta love it - Hook 'em Horns!!! I think you're out of time when it comes to your planning. The RV is upon us. Remember the Kuwaiti Dinar. It went back to where it was pre-Saddam. So, plan on 3.86 and plan fast. I'm in San Antonio, and I've already plotted multiple routes to all of Ali's locations.You should have had your "to do" list done quite some time ago. RRRRRRVVVVVVVVVV TTTTTTTTIIIIIIIMMMMMMMMMMEEEEEEEE 2 Link to comment Share on other sites More sharing options...
TIM Posted September 19, 2010 Report Share Posted September 19, 2010 ILL SAY TY TO THE EURO, WITH A FLOAT!!!!! Link to comment Share on other sites More sharing options...
twinfeathers Posted September 19, 2010 Report Share Posted September 19, 2010 I believe they will RI, meaning it will come out at the rate it was at pre CHPT 7.2003 Link to comment Share on other sites More sharing options...
Teresa82 Posted September 19, 2010 Report Share Posted September 19, 2010 why does anybody even attempt to answer this question??/ NOBODY KNOWS WE ARE ALL GUESSING some more educated than others :lol: Link to comment Share on other sites More sharing options...
hspotman Posted September 19, 2010 Report Share Posted September 19, 2010 Everyone is giving their scenarios and opinions on what they think the projected outcome may be, but has anyone taken into account the currency change? If or when it gets to whatever high it will get to, will the currency be changed before it does? And if the currency does change before the high, would we still be able to cash in our current IQD at that rate? What is the highest the KWD got to, or is the current 3.5 the highest? Link to comment Share on other sites More sharing options...
brookie Posted September 19, 2010 Report Share Posted September 19, 2010 I doubt any one could give you a date. I always thought some time in Oct.for around a 1.49. Just something that stuck in my head.I was reading about the UN currency tax at 5% and now I wonder if we will see the birth of that first. They say it could bring in 35 billion dollars. That number had to come from someplace. Have fun at your family meet. Link to comment Share on other sites More sharing options...
jeg Posted September 20, 2010 Report Share Posted September 20, 2010 My suggestion, push back your estate planning a month or two and hopefully have the real numbers. Link to comment Share on other sites More sharing options...
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