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redwood

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Posts posted by redwood

    401k rollover option

    in General Discussion

    Posted

    one more thing to be careful about is partial rollover.

    "

    You cannot isolate your after-tax IRA money and convert it tax-free

    while keeping your pre-tax IRA  money in the Traditional IRA.

     

    When a partial conversion is done, a pro-rated amount of after-tax money

    (or basis) is included with each dollar converted.

     

    For example, if you have IRAs worth $40,000 and $20,000 of

    that money is after-tax, when you convert $20,000 of the Traditional

    IRAs 50% ($10,000) will be tax-free and 50% ($10,000) will go towards

    your taxable income.

    "

    question about wells fargo share buy back

    in General Discussion

    Posted

    In q4 conference call the ceo said

     

    We also increased capital levels while providing shareholders with a higher return on their investment by increasing our dividend and repurchasing 86 million shares of common stock.

     

    However in the q4 earning news release it is showing the number of shares in fact increased during the year.

     

    Average common shares outstanding  Year ended Dec. 31  (2011 and 2010)

    5,278.1

    5,226.8

    Diluted average common shares outstanding

    5,323.4

    5,263.1

     

    I am confused.

    Berkshire to Buy Burlington Northern for 34B

    in Berkshire Hathaway

    Posted

    You are right....from 10Q

     

    At June 30, 2009, Alleghany had a concentration of market risk in its available-for-sale equity securities portfolio of common stock of

    Burlington Northern Santa Fe Corporation (“Burlington Northern”), a railroad holding company, amounting to $73.5 million. During the first

    six months of 2009, Alleghany sold approximately 2.0 million shares of Burlington Northern common stock, resulting in a pre-tax gain of

    $113.1 million. During the first six months of 2008, Alleghany sold approximately 1.0 million shares of Burlington Northern common stock,

    resulting in a pre-tax gain of $78.1 million.

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