Search found 7319 matches

by Stinky
Tue Apr 20, 2021 5:52 am
Forum: Personal Investments
Topic: What is Fidelity's "deferred annuity"?
Replies: 2
Views: 373

Re: What is Fidelity's "deferred annuity"?

It was something promoted to me years ago by them, and while I have 6 figures in it, I guess I don't really understand what it is. Last time I asked about it, the advisor said it was basically like a 401k, but now that I have learned more that doesn't make sense given that I put post-tax money in i...
by Stinky
Mon Apr 19, 2021 4:18 pm
Forum: Personal Investments
Topic: Take this annuity?
Replies: 7
Views: 922

Re: Take this annuity?

Immediateannuities.com quotes a payout of $4.85 per $1000 per month for a life annuity for a male age 65.

So your potential payout from Vanguard annuity of $5.87 per $1000 per month sounds very attractive.

Given what you’ve described, I’d take that deal.
by Stinky
Mon Apr 19, 2021 2:16 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Parents Considering
Replies: 19
Views: 2045

Re: Fisher Investments - Parents Considering

$2 million invested with Fisher @ 1.25% fees equals at least $25,000 a year for Fisher. I would tell them there are less expensive options that use active management that are as good or better than Fisher. Dave If the parents fully understand the dollar amount of fees, then Fisher should be fine.
by Stinky
Mon Apr 19, 2021 11:14 am
Forum: Personal Investments
Topic: Personal liability for filing complaint for financial adviser?
Replies: 20
Views: 2183

Re: Personal liability for filing complaint for financial adviser?

Things are not always simple. It is my understanding that there are times when an "advisor" can be a fiduciary for certain roles and not a fiduciary for other rolls. I suspect most will not tell you when they are putting on one hat vs the other hat. There are times when an advisor can do ...
by Stinky
Mon Apr 19, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: Your value of immediate $6k/yr pension/annuity
Replies: 7
Views: 690

Re: Your value of immediate $6k/yr pension/annuity

Rough estimate, how much is an immediate, lifetime $500/mo of taxable, inflation/CPI adjusted income for a healthy 41 y/o M worth? $400k, $300k, $200k? Purpose is calculating rough compensation value to "leave on the table" for working longer versus retiring early decision. Assume recipie...
by Stinky
Mon Apr 19, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22942
Views: 3009535

Re: U.S. stocks in free fall

Stef wrote: Mon Apr 19, 2021 9:54 am Salary came in, bought the dip.
Yes, S&P is all the way back down to levels last seen on ..... last Thursday, 4/15/21. :D
by Stinky
Mon Apr 19, 2021 7:16 am
Forum: Personal Investments
Topic: First time market timer
Replies: 13
Views: 1257

Re: First time market timer

After being a passive index fund investor for 10 years and never attempting to market time before, last week it happened. I went against my investment policy and lowered my stock allocation from 83% to 74% (target was: 80%, new target: 74%). The proceeds are to be invested into I/EE-bonds next mont...
by Stinky
Mon Apr 19, 2021 6:37 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274178

Re: My very first post, almost 5 years ago today!

[Thread merged into here --admin LadyGeek] Boy have I come a long way since then! I've added another comma to my net worth and retirement at age 50 is looking good. Thanks Bogleheads! Struggling with Bogle Philosophy Okay, so I know that I should choose this stock (from Fidelity): Spartan® 500 Inde...
by Stinky
Mon Apr 19, 2021 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue with Group Universal Life (ex-employer)?
Replies: 6
Views: 392

Re: Should I continue with Group Universal Life (ex-employer)?

Thank you all for comments so far. I will call for an in force illustration, but I may not get it until May via snail mail. I should note that my current employer has insurance plan that provides about $500k of coverage for about $60/month (I signed up for maximum allowed without medical certificat...
by Stinky
Sun Apr 18, 2021 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue with Group Universal Life (ex-employer)?
Replies: 6
Views: 392

Re: Should I continue with Group Universal Life (ex-employer)?

Do you need $650k of coverage? Or more or less? If so, for how long will you need it? Most folks do not need life insurance beyond the date when they have children who are dependent on them for financial support. If you’re looking for the lowest monthly cost, you’ll almost certainly become out ahead...
by Stinky
Sun Apr 18, 2021 3:43 pm
Forum: Personal Investments
Topic: Personal liability for filing complaint for financial adviser?
Replies: 20
Views: 2183

Re: Personal liability for filing complaint for financial adviser?

On the annuity sale, the 1.5% commission paid on the replacement annuity is well less than the “standard” commission rate for a new sale.

That being said, your mother was likely subjected to a whole new set of surrender charges, which almost certainly were at the “standard” rate.
by Stinky
Sun Apr 18, 2021 2:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14654
Views: 1126603

Re: U.S. stocks continue to soar!

An encouraging article posted by the WSJ this morning. https://www.wsj.com/articles/more-stocks-are-participating-in-rally-an-encouraging-sign-for-bull-market-11618738201?st=2n6vnulmlqg5tzy&reflink=article_copyURL_share The first paragraph of the article says: A greater num­ber of stocks have be...
by Stinky
Sun Apr 18, 2021 11:16 am
Forum: Personal Investments
Topic: At Retirement and Way Overweight Annuities
Replies: 11
Views: 1381

Re: At Retirement and Way Overweight Annuities

Wow! Your parents were really drawn in deep to the clutches of an annuity salesman. For them to have $800k in non-qualified and $400 in qualified, and have that be 75% of their total nest egg, is pretty exceptional. Yep. You can imagine there's some disappointment going around.. One more suggestion...
by Stinky
Sun Apr 18, 2021 10:05 am
Forum: Personal Investments
Topic: Any experience with Toyota Income Driver Notes?
Replies: 114
Views: 13704

Re: Any experience with Toyota Income Driver Notes?

Can you share the sites that you use to monitor TMCC’s credit rating reports and the trading of similar TMCC notes? I can look too but would appreciate the benefits of your wisdom. For credit monitoring, I primarily use Moody's. I believe you have to register but it is free. https://www.moodys.com/...
by Stinky
Sun Apr 18, 2021 9:18 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274178

Re: Post your Financial Milestone Announcements Here

Years ago back when I was completely clueless, my accountant tried to sell me a whole life policy, funding it at $50k a year. I didn’t fully understand whole life and I told myself that if I am going buy something that expensive ($50k/yr) I need to be able to understand it well enough so that I can...
by Stinky
Sun Apr 18, 2021 6:07 am
Forum: Personal Investments
Topic: At Retirement and Way Overweight Annuities
Replies: 11
Views: 1381

Re: At Retirement and Way Overweight Annuities

Masheen, Wow! Your parents were really drawn in deep to the clutches of an annuity salesman. For them to have $800k in non-qualified and $400 in qualified, and have that be 75% of their total nest egg, is pretty exceptional. You are to be commended for trying to help them escape from the high fees t...
by Stinky
Sat Apr 17, 2021 7:29 pm
Forum: Personal Investments
Topic: At Retirement and Way Overweight Annuities
Replies: 11
Views: 1381

Re: At Retirement and Way Overweight Annuities

I know long posts are awful, so I'm putting my questions upfront, but I'm going to attempt to provide all the necessary context below. My questions are: Does the idea, though not optimal, at least pass first inspection? Can the qualified annuities most likely be rotated to IRAs without terrible fee...
by Stinky
Sat Apr 17, 2021 6:45 pm
Forum: Personal Investments
Topic: If you miss the 401k rollover period, are you stuck with that provider forever?
Replies: 7
Views: 787

Re: If you miss the 401k rollover period, are you stuck with that provider forever?

After quitting a job and you miss the period to rollover 401k, are you stuck with that provider? My wife has an old 401k account with Empower but looks like they have some asset based fee on top of fund fees? We'd like to move to Vanguard but this has been a long while since she stopped working. Sh...
by Stinky
Sat Apr 17, 2021 2:03 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274178

Re: Post your Financial Milestone Announcements Here

Topped 1MM in the investment portfolio this week. We hit 1MM in net worth about three months ago in January. I finished medical training in 2018 with a NW of -175k. The buy and hold, three fund portfolio has been kind to us. I plan to give a lecture next month to our residents detailing financial b...
by Stinky
Sat Apr 17, 2021 12:14 pm
Forum: Personal Investments
Topic: Portfolio Review_ few questions
Replies: 10
Views: 638

Re: Portfolio Review_ few questions

Stinky, would you have a recommendation on investing that $44,000 from my Schwab cash acct. and my RMD? Thanks. Evelyn I still regard MYGAs as attractive, so you could buy another. Either now or when you accumulate more cash. Or CDs. Or bond funds. Yields on most all fixed income assets are pretty ...
by Stinky
Sat Apr 17, 2021 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage - What's the Deal?
Replies: 125
Views: 7745

Re: Medicare Advantage - What's the Deal?

I’m a few years away from eligibility, still healthy and working but learn a few from reading book for Dummies and watching YouTube videos. First you sign up for part A (free) and B ($148.50 per month) at SSA.gov. Then visit Medicare.gov to pick a cheap part D (about $7 a month) as a placeholder an...
by Stinky
Sat Apr 17, 2021 11:13 am
Forum: Personal Investments
Topic: Portfolio Review - Need help extracting from Ameriprise
Replies: 13
Views: 1373

Re: Portfolio Review - Need help extracting from Ameriprise

My goodness, what a complicated mess your Ameriprise advisor has gotten you into! I’ll comment on the insurance, and let others comment on your other assets. I would agree with surrendering your IUL policy, once you have replacement level term life insurance in place. IUL policies don’t do a particu...
by Stinky
Sat Apr 17, 2021 10:54 am
Forum: Personal Investments
Topic: Portfolio Review_ few questions
Replies: 10
Views: 638

Re: Portfolio Review_ few questions

I think that you’ve done a fine job in diversifying your MYGA exposure. You have it spread to 4 companies, and you’ve got some good interest rates. That being said, I agree that there is a certain amount of complexity to holding MYGAs. I feel that complexity myself with my MYGA ladder. I’ve set up a...
by Stinky
Fri Apr 16, 2021 5:56 pm
Forum: Personal Investments
Topic: Any experience with Toyota Income Driver Notes?
Replies: 114
Views: 13704

Re: Any experience with Toyota Income Driver Notes?

I am comfortable with the credit risk due to the A+ rating on other TMCC senior unsecured debt and that other short-term senior unsecured debt of TMCC is trading at approximately 0.30%. I do monitor the trading of similarly situated TMCC notes and credit rating reports on TMCC Thanks for your post....
by Stinky
Fri Apr 16, 2021 3:29 pm
Forum: Personal Consumer Issues
Topic: Anyone buy a Toyota Rav4 Hybrid recently?
Replies: 23
Views: 2386

Re: Anyone buy a Toyota Rav4 Hybrid recently?

Bought a top of the line 2020 RAV4 hybrid in December 2019. Didn’t want to wait for a lower trim line (and DW wouldn’t have been happy with it anyhow).

Love it.

Splurge a little. You can amortize the extra cost over 10 or more years.
by Stinky
Fri Apr 16, 2021 2:09 pm
Forum: Personal Investments
Topic: New 60/40 idea any good?
Replies: 10
Views: 1742

Re: New 60/40 idea any good?

The person selling you a fixed-index annuity will make a nice chunk of change, typically 8%, the day you cut the check Amongst David Jay’s excellent points, I want to highlight this one. Index annuities pay high commissions to the writing agent. MYGAs pay much lower commissions (generally 1-2%) The...
by Stinky
Fri Apr 16, 2021 8:57 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1152

Re: Annuity Question, Can it work this way in Roth?

I know it is a terrible investment and you are only playing with your own money for the most part. I know about the taxes not being due because you are only getting your own money back for many years. It is simply a transfer of risk and not an investment. I realize 60/40 and 4% is likely to earn mu...
by Stinky
Fri Apr 16, 2021 7:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14654
Views: 1126603

Re: U.S. stocks continue to soar!

We’re seeing green shoots in the futures market.

Looking like another good day again.
by Stinky
Fri Apr 16, 2021 4:03 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5385

Re: can I get boglehead approval for a 70K truck?

OP, I note that you used the word "gamble" in describing your investments three times already in this thread. I guess that I'm fine with you buying a Toyota right now. But I'd wait on making a final commitment to the cyber truck until you can legitimately say that you've stopped "gamb...
by Stinky
Thu Apr 15, 2021 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage - What's the Deal?
Replies: 125
Views: 7745

Re: Medicare Advantage - What's the Deal?

I’m a few years away from eligibility, still healthy and working but learn a few from reading book for Dummies and watching YouTube videos. First you sign up for part A (free) and B ($148.50 per month) at SSA.gov. Then visit Medicare.gov to pick a cheap part D (about $7 a month) as a placeholder an...
by Stinky
Thu Apr 15, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Looks like this isn’t indexed to inflation either? If this is the case, in 50 years this thing loses around 6/7ths of its value. Meaning your 100k is worth around 14k in today’s dollars. Combined with the opportunity cost vs a 60/40 portfolio, this is brutal. I’d dump this like a hot potato. I wasn...
by Stinky
Thu Apr 15, 2021 2:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14654
Views: 1126603

Re: U.S. stocks continue to soar!

lostdog wrote: Tue Apr 13, 2021 1:36 pm Heading to the gym. We'll see if we have a melt up coming.
Are you at the gym today?

If not, please go now. We need a melt up!
by Stinky
Thu Apr 15, 2021 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Next Steps for Young-ish Newlyweds?
Replies: 11
Views: 978

Re: Next Steps for Young-ish Newlyweds?

Congratulations on the marriage and on the soon-to-be-kiddo! Do you have life insurance beyond any provided by your jobs? This would be a good time to get some, for both you and wife. You can go to term4sale.com or Zander.com to get started. You should be buying only level premium term life insuranc...
by Stinky
Thu Apr 15, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14654
Views: 1126603

Re: U.S. stocks continue to soar!

Wow!

Just wow.
by Stinky
Thu Apr 15, 2021 9:51 am
Forum: Personal Investments
Topic: Fired Financial Adviser - need advice for 70 yo mother
Replies: 46
Views: 3452

Re: Fired Financial Adviser - need advice for 70 yo motherly in

Thank you for your answer, Stinky. What does "VA" mean? We're very confused with what the difference is between a fixed annuity and a variable. I don't know what a basis is, we'll have to call them. She doesn't need to draw any income from this annuity at this time. She has an IRA that ne...
by Stinky
Thu Apr 15, 2021 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Thank you all for taking the time to give me your feedback. I am grateful. To answer some of your questions, I was emotionally in a bad place. I had lost faith in agents and she was friendly at the time. I admit, I should have taken the quote and compared it with online quotes. Past is past. I have...
by Stinky
Thu Apr 15, 2021 5:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14654
Views: 1126603

Re: U.S. stocks continue to soar!

European equities are up.

US futures are up.

It's looking like a soaring day for April 15 (formerly known as "Tax Day").
by Stinky
Wed Apr 14, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Permanent Life Policy
Replies: 5
Views: 629

Re: Permanent Life Policy

Thank you David Jay and Stinky. The interest rate of the loan is 5%. I also found out online that in addition to the loan, there is accumulated interest of 1750. The payoff for end of April is 62k, which I guess includes more interest. So a cash-out may actually involve paying 2k. Alternative is ta...
by Stinky
Wed Apr 14, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Here is more years. https://i.ibb.co/hy9XV8H/IMG-20210414-210424-01-01.jpg Thanks for posting. This is very useful. The bad news is that this policy absolutely hammers you in the first two policy years. You paid $5,608 for two years, and your cash value was only $1,538 at the end of the two years. ...
by Stinky
Wed Apr 14, 2021 7:53 pm
Forum: Personal Consumer Issues
Topic: Permanent Life Policy
Replies: 5
Views: 629

Re: Permanent Life Policy

My father is 85 and I am getting more involved in his finances. He gets a monthly bill from MassMutual for Life Insurance. He appears to have ignored the bills for many years. MassMutual takes a Loan against the policy for the premium each month. The current loan amount is $60k. The Current amount ...
by Stinky
Wed Apr 14, 2021 7:30 pm
Forum: Personal Consumer Issues
Topic: Do you tip your hibachi chef?
Replies: 22
Views: 2309

Re: Do you tip your hibachi chef?

I wonder whether the wait staff and the chefs pool their tips.

Maybe somebody who’s worked in a hibachi restaurant could tell us.
by Stinky
Wed Apr 14, 2021 7:27 pm
Forum: Investing - Theory, News & General
Topic: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGAs.
Replies: 42
Views: 5578

Re: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGA

Is there any reason to consider MYGAs as compared to municipal bonds in a taxable account for someone with a high fed + SALT marginal tax rate, who is in their 30s, and who holds bonds primarily for liquidity? (I do also hold some bonds in tax advantaged accounts, but they are for rebalancing, and ...
by Stinky
Wed Apr 14, 2021 4:38 pm
Forum: Investing - Theory, News & General
Topic: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGAs.
Replies: 42
Views: 5578

Re: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGA

How one go about buying MYGA in MA? There are a number of online sources. Go to blueprintincome.com or stantheannuityman.com. You’ll see a number of companies and products shown - over 100 products available in Massachusetts. You’ll also be able to get some basic education on the product. Another s...
by Stinky
Wed Apr 14, 2021 3:06 pm
Forum: Personal Investments
Topic: Fired Financial Adviser - need advice for 70 yo mother
Replies: 46
Views: 3452

Re: Fired Financial Adviser - need advice for 70 yo motherly in

Thank you for your answer, Stinky. What does "VA" mean? We're very confused with what the difference is between a fixed annuity and a variable. I don't know what a basis is, we'll have to call them. She doesn't need to draw any income from this annuity at this time. She has an IRA that ne...
by Stinky
Wed Apr 14, 2021 2:04 pm
Forum: Personal Investments
Topic: Fired Financial Adviser - need advice for 70 yo mother
Replies: 46
Views: 3452

Re: Fired Financial Adviser - need advice for 70 yo motherly in

Actually, I was wrong. I just looked at her fee sheet I think it's 2.31% - Costs Base annuity fee (mortality and expense charge): • Option 2—guaranteed minimum death benefit: 0.69% Average underlying investment expense as of May 1, 20207 • Investment Segment: 0.84% • Income Segment: 0.78% Current G...
by Stinky
Wed Apr 14, 2021 1:11 pm
Forum: Personal Investments
Topic: Asset Allocation for 75 year old mom
Replies: 14
Views: 1320

Re: Asset Allocation for 75 year old mom

My 75 year old mom has an 403b with Lincoln Financial $259k. Lincoln is asking her to withdraw or reinvest in an annuity ---------- Need to rollover to IRA 32% Lincoln Financial Preservation of Capital Account  Variable Annuity $259k. 4% investment earnings over the past year. I'm confused. Does sh...
by Stinky
Wed Apr 14, 2021 12:15 pm
Forum: Personal Investments
Topic: Asset Allocation for 75 year old mom
Replies: 14
Views: 1320

Re: Asset Allocation for 75 year old mom

My 75 year old mom has an 403b with Lincoln Financial $259k. Lincoln is asking her to withdraw or reinvest in an annuity ---------- Need to rollover to IRA 32% Lincoln Financial Preservation of Capital Account  Variable Annuity $259k. 4% investment earnings over the past year. I'm confused. Does sh...
by Stinky
Wed Apr 14, 2021 12:03 pm
Forum: Personal Investments
Topic: Fired Financial Adviser - need advice for 70 yo mother
Replies: 46
Views: 3452

Re: Fired Financial Adviser - need advice for 70 yo mother

First - does my 70-year-old mom even need to have this annuity costing her $14k in fees per year? The annuity is Schwab Advisor Choice Variable Annuity and she's currently paying fees on the death benefit, a base annuity fee, Investment Segment, Income Segment and GLWB fees. This annuity doesn't ha...
by Stinky
Wed Apr 14, 2021 5:29 am
Forum: Personal Finance (Not Investing)
Topic: I mailed in my taxes not knowing about the big backlog... Is there anything I can do to cancel that and e-file instead?
Replies: 15
Views: 2037

Re: I mailed in my taxes not knowing about the big backlog... Is there anything I can do to cancel that and e-file inste

cricket49 wrote: Wed Apr 14, 2021 5:18 am I was told by an IRS rep not to refile as that would create more problems.
It sounds to me like this is a pretty strong indication that OP should just sit tight and wait for the gears at the IRS to grind away.
by Stinky
Tue Apr 13, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: 66 2/3 Joint Annuity vs 66 2/3 True Joint Annuity
Replies: 3
Views: 196

Re: 66 2/3 Joint Annuity vs 66 2/3 True Joint Annuity

A normal 66 2/3 joint annuity would pay 100% while both parents are alive, and 66 2/3% to the survivor after the first death. Payments would cease on the second death. I’m not familiar with the use of the word “True” in this context. You need more clarification from the plan to figure this one out. ...