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Post by mnholdem on Dec 10, 2015 12:57:39 GMT -5
Yeah, it's such a pain to get money in to my Roth - have put it into an IRA 1st and then convert... takes time. I maxed out my annual contribution, according to Scottrade, so now my couch cushion funding of MNKD shares have to go into my cash account. By taking the circuitous route of depositing in your conventional IRA and transferring to your Roth, can you get around the limit for annual contributions to your Roth that way?
Any tax lawyers lurking about?
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Post by liane on Dec 10, 2015 13:01:19 GMT -5
No - I contribute my annual limit to my SIMPLE IRA, and then immediately convert every year. I say "immediate", but the whole process - sending in the contribution, clearing, and converting usually takes ~ 2 weeks.
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Post by stevil on Dec 10, 2015 13:15:47 GMT -5
Yeah, it's such a pain to get money in to my Roth - have put it into an IRA 1st and then convert... takes time. I maxed out my annual contribution, according to Scottrade, so now my couch cushion funding of MNKD shares have to go into my cash account. By taking the circuitous route of depositing in your conventional IRA and transferring to your Roth, can you get around the limit for annual contributions to your Roth that way?
Any tax lawyers lurking about?
Yes, see attached link. It's time-consuming, but honestly, the only way to go from my eyes... With the state of the global economy, I don't see taxes going lower any time soon... money.usnews.com/money/blogs/on-retirement/2015/09/03/the-power-of-the-backdoor-roth-ira
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Post by compound26 on Dec 10, 2015 13:23:35 GMT -5
Catalyst guesses please? TV starting in January for those of us who believe and value Saxcmann. So lets start there but thats not nearly enough imo I would expect the the scripts uptick to pick up some steam in the coming weeks and months. The DTC (the magazine ads and most recently the direct mailing in select areas) will have some positive impact. In the last conference call, Hakan says the DTC has raised awareness of Afrezza significantly. Mankind received a lot of emails and phone calls on those DTC ads. We have not see much upticks on scripts. But we all have heard reports on social media that many times the process (for PWDs to get an Afrezza prescription) takes 3/4/5 months to complete.
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Post by mssciguy on Dec 10, 2015 13:29:11 GMT -5
Catalyst guesses please? TV starting in January for those of us who believe and value Saxcmann. So lets start there but thats not nearly enough imo I would expect the the scripts uptick to pick up some steam in the coming weeks and months. The DTC (the magazine ads and most recently the direct mailing in select areas) will have some positive impact. In the last conference call, Hakan says the DTC has raised awareness of Afrezza significantly. Mankind has received a lot of emails and phone calls on those DTC ads. We have not see much upticks on scripts. But we all have heard reports on social media that many times the process (for PWDs to get an Afrezza prescription) takes 3/4/5 months to complete. www.google.com/trends/explore#q=afrezza&date=now%207-d&cmpt=q&tz=Etc%2FGMT%2B5prntscr.com/9cmb3s <<<<<<< big money is interested. Because this is superior medicine, just a matter of details to get to patients now. Paging Dr. Brandicourt...
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Post by boytroy88 on Dec 10, 2015 19:46:28 GMT -5
They are in my Roth which is non-marginable. I've added another 1050 in my Roth also...
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Post by lakers on Dec 12, 2015 10:49:00 GMT -5
I'd nominate Dr James Shannon BoD, former GSK CMO to be Mnkd new CEO. Let the good news roll.
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Post by prosper on Dec 12, 2015 14:30:18 GMT -5
To all who ask why Al doesn't lend or invest more money. Why would he take money that is being used or invested somewhere else and provide it to MNKD, at expensive interest, before the company really needs the cash? I cannot imagine any possible way Al would let this baby die. I am sure he will be there when needed, but not before.
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Post by suebeeee1 on Dec 12, 2015 15:02:45 GMT -5
Yeah, it's such a pain to get money in to my Roth - have put it into an IRA 1st and then convert... takes time. I maxed out my annual contribution, according to Scottrade, so now my couch cushion funding of MNKD shares have to go into my cash account. By taking the circuitous route of depositing in your conventional IRA and transferring to your Roth, can you get around the limit for annual contributions to your Roth that way?
Any tax lawyers lurking about?
I don't have a Roth, only 401ks and IRAs. It sure does sound like a very good time to c reate a Roth and transfer all my MNKD there. Time to actually talk to my broker. If you find a tax attorney on the board, let me know.. Could be some substantial work for him from a bunch of us.
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Post by dreamboatcruise on Dec 12, 2015 15:14:23 GMT -5
To all who ask why Al doesn't lend or invest more money. Why would he take money that is being used or invested somewhere else and provide it to MNKD, at expensive interest, before the company really needs the cash? I cannot imagine any possible way Al would let this baby die. I am sure he will be there when needed, but not before. MNKD already needed to pay off debt. MNKD already needed to raise capital... and did it in a way that at least from what the public knows seems to have been less successful than they originally anticipated. I guess it depends on the meaning of "when needed". As long as one can define that term in hindsight to match facts, you may well be right. Though refinancing the company at $0.25/share (hopefully not a probable scenario) wouldn't be what I'd consider "when I needed it as a shareholder"... assuring the company doesn't go bankrupt, but likely also assuring I never recoup my investment. I'd be willing to bet you know more about Al's intentions than he does. Most business people I know (including myself) don't spend a lot of effort trying to determine what they will do in the future, since there are too many variables that can change in the meantime.
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Post by dreamboatcruise on Dec 12, 2015 15:17:42 GMT -5
I maxed out my annual contribution, according to Scottrade, so now my couch cushion funding of MNKD shares have to go into my cash account. By taking the circuitous route of depositing in your conventional IRA and transferring to your Roth, can you get around the limit for annual contributions to your Roth that way?
Any tax lawyers lurking about?
I don't have a Roth, only 401ks and IRAs. It sure does sound like a very good time to c reate a Roth and transfer all my MNKD there. Time to actually talk to my broker. If you find a tax attorney on the board, let me know.. Could be some substantial work for him from a bunch of us. I know it's not as straightforward as one might hope. It gets complicated if you have multiple retirement accounts and only converting part of them. As I remember when I looked into this some time ago, you can't convert one account and look at it in isolation to calculate the taxes due.
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Post by mssciguy on Dec 12, 2015 15:21:31 GMT -5
To all who ask why Al doesn't lend or invest more money. Why would he take money that is being used or invested somewhere else and provide it to MNKD, at expensive interest, before the company really needs the cash? I cannot imagine any possible way Al would let this baby die. I am sure he will be there when needed, but not before. MNKD already needed to pay off debt. MNKD already needed to raise capital... and did it in a way that at least from what the public knows seems to have been less successful than they originally anticipated. I guess it depends on the meaning of "when needed". As long as one can define that term in hindsight to match facts, you may well be right. Though refinancing the company at $0.25/share (hopefully not a probable scenario) wouldn't be what I'd consider "when I needed it as a shareholder"... assuring the company doesn't go bankrupt, but likely also assuring I never recoup my investment. I'd be willing to bet you know more about Al's intentions than he does. Most business people I know (including myself) don't spend a lot of effort trying to determine what they will do in the future, since there are too many variables that can change in the meantime. agree 100%, my small business has changed directions 3x in as many years and never according to some business plan. You just run into these forks in the road and end up in a different place. With MNKD, the possibilities are numerous (which is why I need to study those patents further). Already some of the TS possibilities are already done by other companies-- will not spend much time there (migraine, COPD)
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Post by stevil on Dec 12, 2015 16:36:19 GMT -5
I maxed out my annual contribution, according to Scottrade, so now my couch cushion funding of MNKD shares have to go into my cash account. By taking the circuitous route of depositing in your conventional IRA and transferring to your Roth, can you get around the limit for annual contributions to your Roth that way?
Any tax lawyers lurking about?
I don't have a Roth, only 401ks and IRAs. It sure does sound like a very good time to c reate a Roth and transfer all my MNKD there. Time to actually talk to my broker. If you find a tax attorney on the board, let me know.. Could be some substantial work for him from a bunch of us. I posted earlier in this thread the backdoor to Roth conversion. It's legal and very effective. You just need to transfer funds first to IRA then to Roth. I don't have much money atm but I'm fairly certain there is no limit. It helps spreading it out over a few years though as any money you convert to IRA is immediately taxable. So if you don't want a huge penalty, spread it out over a few years so you can stay in the same tax bracket. Hope you're not already on the fringe.
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Post by stevil on Dec 12, 2015 16:38:33 GMT -5
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Post by prosper on Dec 12, 2015 18:46:46 GMT -5
Want and Need are two entirely different things. If Al played the cavalry game every time there were smoke signals or drums he would create a complacent bunch of spoiled kids in management. A man of his age and experience truly understands the "Long Game". Immediate gratification is not in his wheelhouse. While he intellectually cares for the people who have invested in MNKD the PPS at any given moment is far down his list of priorities. (I really hope so even down 77.61%)
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