Search found 522 matches

by Rex66
Fri Apr 23, 2021 7:39 am
Forum: Personal Consumer Issues
Topic: Mineral-based sunscreen without looking like a ghost?
Replies: 18
Views: 1573

Re: Mineral-based sunscreen without looking like a ghost?

As someone implied above very high spf isn’t giving much more protection. I’d stick with about 30. Which blocks about 96%. As you go up in spf, as a generalization they need to put more stuff in there. With chemical sunscreens which are more transparent, that can result in more stingy sensation. Wit...
by Rex66
Thu Apr 22, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do next... max 401k/529/WLI?
Replies: 6
Views: 721

Re: Not sure what to do next... max 401k/529/WLI?

Absolutely avoid the whole life insurance. It’s a horrible investment and doesnt allow you to be more aggressive period. Have you seen the direction of dividends? Did you see Ohio national just declared demutalization. Dividends likely to near vanish on those policies . All these companies have the ...
by Rex66
Wed Apr 21, 2021 11:42 am
Forum: Personal Investments
Topic: Is Prudential worth it?
Replies: 28
Views: 1549

Re: Is Prudential worth it?

The short answer is NO

They will also try to get you into insurance products as an investment over time.
by Rex66
Tue Apr 20, 2021 5:15 pm
Forum: Personal Investments
Topic: What is Fidelity's "deferred annuity"?
Replies: 12
Views: 1374

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

the other important differences are the cost and step up. the annuity will have more costs for the exact same investment (assuming the exact same one exists). No step up at death for the annuity. Taxable gets a step up. Really you need to want to invest in a very tax inefficient product like REITs. ...
by Rex66
Tue Apr 20, 2021 3:54 pm
Forum: Personal Investments
Topic: To annuitize or not to annuitize—that is the question
Replies: 7
Views: 607

Re: To annuitize or not to annuitize—that is the question

What is the tax rate of your heirs If low then I’d consider just letting the annuity pass to them and only withdrawal what you might need. Some contracts do require withdrawals typically at age 85 If my health was excellent then I’d reconsider the spia and use it and SS giving away some of the other...
by Rex66
Mon Apr 19, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 33072

Re: "Nobody's ever regretted paying off the mortgage."

This is sort of like saying nobody ever regretted having kids.

Nobody would admit to it even if it were true.

I’m happy to be without a mortgage. I don’t do the math and if I did would I redo it during every down turn?
by Rex66
Mon Apr 19, 2021 11:15 am
Forum: Investing - Theory, News & General
Topic: Starting a test going forward: Motley Fool versus index fund
Replies: 23
Views: 3017

Re: Starting a test going forward: Motley Fool versus index fund

The results aren’t surprising given the 1 year. It happens. It still says nothing at least from an actionable standpoint If they “win” over a longer period of time such as 10 years then it’s more meaningful While I applaud reevaluating one’s convictions, short term studies aren’t that useful. Even i...
by Rex66
Sun Apr 18, 2021 7:51 pm
Forum: Personal Consumer Issues
Topic: Ski Resort Recommendations for the first-timers? (emphasis on resort)
Replies: 81
Views: 4921

Re: Ski Resort Recommendations for the first-timers? (emphasis on resort)

Of these locations which one is most suited to someone scared of traditional open ski lift?
by Rex66
Sun Apr 18, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue with Group Universal Life (ex-employer)?
Replies: 6
Views: 416

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

Oh and lots of group insurance has cash value. Typically a bad decision by the organization but not unusual.
by Rex66
Sun Apr 18, 2021 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue with Group Universal Life (ex-employer)?
Replies: 6
Views: 416

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

Has your health changed Price out term for the amount and duration you need. Request in force illustration of your current insurance. Compare it. Typically if your health went way down hill, you keep. If you have great health or don’t need insurance, you cancel. With ULs the cost of insurance goes u...
by Rex66
Sun Apr 18, 2021 9:30 am
Forum: Investing - Theory, News & General
Topic: Maybe a stupid question but why invest in bonds instead of paying down mortgage?
Replies: 47
Views: 3461

Re: Maybe a stupid question but why invest in bonds instead of paying down mortgage?

It really comes down to liquidity for most people. If you don’t need liquidity, do what feels best.
by Rex66
Sat Apr 17, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 18
Views: 948

Re: Accessing College Financial Aid for Higher Income Households

I personally know of one high earner who does sort of an "every other year" approach: As an officer in his company, he earns a nice salary, but also gets a BIG bonus based on company performance. He will take one year's bonus in January, but the next bonus in December, so every other year...
by Rex66
Sat Apr 17, 2021 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 18
Views: 948

Re: Accessing College Financial Aid for Higher Income Households

My fiance and I are thinking ahead, and one of bogeyman in our financial future is the prospect of paying for our future kids' college. We together make an upper middle class income and have a portfolio in the low seven figures, which will likely prevent our kids from qualifying for tuition reducti...
by Rex66
Sat Apr 17, 2021 7:14 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1156

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

Beyond the issues mentioned above the reason it likely doesn’t exist is that all insurance products must pass a suitability standard. Now this is a very weak standard compared to fiduciary . Still a SPIA is for someone who needs or wants guaranteed income. This entire plan shows that’s not the case....
by Rex66
Fri Apr 16, 2021 8:56 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1156

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

What you are doing is the like saying the following: I have a wart on my thumb I want to know what saw to use to chop of my hand I tell you , you don’t want to do that you You keep on saying just tell me the correct saw. Call one of the insurance companies and see if they will do it. Hopefully you r...
by Rex66
Fri Apr 16, 2021 8:20 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1156

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

No bc the majority of the money in a taxable account also would not be taxed bc again it’s a return of money mostly They also use their own life tables which assume purchasers live longer (compare to life insurance where they do the opposite). You don’t seem to realize that people who use these “app...
by Rex66
Fri Apr 16, 2021 7:33 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1156

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

You don’t seem to understand they just give you your money back with a SPIA for many years. You don’t seem to understand how these work. Even people who want to use insurance products would buy a deferred annuity that is later annuitizated.
by Rex66
Fri Apr 16, 2021 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1987

Re: Thinking of dropping State Farm 10 Pay Life Insurance

If one wants to use insurance (which is almost always going to produce less), then no lapse gUL will always GUARANTEE a higher death benefit. These products also have little to no CSV. WL could theoretically beat (not guaranteed) it but only if dividends rise a lot over the life of the policy (unlik...
by Rex66
Fri Apr 16, 2021 7:17 am
Forum: Personal Investments
Topic: Annuity Question, Can it work this way in Roth?
Replies: 18
Views: 1156

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

I would hope they wouldn’t bc it’s a horrible idea

You can buy annuities with Roths.

There is no good reason though to buy a distributing annuity but not distribute the money
by Rex66
Thu Apr 15, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1987

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Nobody would recommend such an approach One would diversify If your going to say that then there is also a chance the insurance company goes under and that’s way above the state safety net programs Besides you already seem to know the odds are high that investing performs superior WL is a bad sugges...
by Rex66
Thu Apr 15, 2021 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1987

Re: Thinking of dropping State Farm 10 Pay Life Insurance

The tax free is not that meaningful

Taxable also gets a step up in basis

Neither is free from estate taxes if they apply
by Rex66
Thu Apr 15, 2021 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Physician Jobs: Private Equity or Industry?
Replies: 17
Views: 2613

Re: Physician Jobs: Private Equity or Industry?

It is rare for non owners to think PE worked out for them. Very rare.
by Rex66
Thu Apr 15, 2021 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1987

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Insurance companies do not want you to keep paying permanent insurance after several years. They actually stop commission on all such policies after a few. The guaranteed column is important. Just look what is happening to Ohio national policies. 2% is inflation so getting such a return is a loss of...
by Rex66
Wed Apr 14, 2021 1:30 pm
Forum: Personal Investments
Topic: Is my former Vang annuity money secure at Transamerica?
Replies: 5
Views: 444

Re: Is my former Vang annuity money secure at Transamerica?

The money was always with trans Now if it’s a variable annuity then the sub accounts are not typically invested within the insurance company’s general account unless you picked that investment. A fixed annuity would have the money invested in their general account as well as if you annuitize. Really...
by Rex66
Wed Apr 14, 2021 1:25 pm
Forum: Personal Consumer Issues
Topic: Any Acura TLX or RDX owners?
Replies: 27
Views: 1473

Re: Any Acura TLX or RDX owners?

Some years the suv versions have had hard early no smooth shifts as noted above but not in newer versions The RDX is a 10-gear automatic. It has a button to switch between Drive and "Sport" mode. In Sport mode, there are paddles behind the left and right sides of the steering wheel to let...
by Rex66
Wed Apr 14, 2021 12:53 pm
Forum: Personal Consumer Issues
Topic: Any Acura TLX or RDX owners?
Replies: 27
Views: 1473

Re: Any Acura TLX or RDX owners?

Had tl, rdx, and mdx

Some years the suv versions have had hard early no smooth shifts as noted above but not in newer versions

I’d give it a thumbs up
by Rex66
Tue Apr 13, 2021 1:16 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: 5610

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

"I wonder often what the Vintners buy One half so precious as the stuff they sell." -- Rubaiyat of Omar Khayyam, quatrain XCV Can anyone explain clearly what the insurance companies are doing--what investments they are buying --that seemingly enable them to beat bonds on return without ad...
by Rex66
Tue Apr 13, 2021 11:56 am
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: 5610

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

The results from state guaranty association has been discussed. If a company gets in trouble (which isn’t often) they have historically made annuity clients whole 94% of the time and life insurance 96% of the time. If below limits then near 100%. In really bad cases it took years to be made whole th...
by Rex66
Tue Apr 13, 2021 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

There are ways to use the overfunding. Survivorship pension for spouse. Employ children and give them minimum pension allowed regardless of their salary. Sell the business with the plan to a buyer whose plan is underfunded. Thank you! Yes I thought of that. No spouse currently. Add spouse once I ge...
by Rex66
Tue Apr 13, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

You should wait on it at that age

Everyone in this situation pays a lot of taxes

As they say, good problem to have

Max out your defined contribution plans

Build up an after tax account

In 10-15 years then start one
by Rex66
Mon Apr 12, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

There are ways to use the overfunding. Survivorship pension for spouse. Employ children and give them minimum pension allowed regardless of their salary. Sell the business with the plan to a buyer whose plan is underfunded. Thank you! Yes I thought of that. No spouse currently. Add spouse once I ge...
by Rex66
Mon Apr 12, 2021 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

I’m sorry but you should ask your TPA to provide a chart for the maximum benefit obtainable by age with your current performance Usually they charge about 300 bucks though for the graph Otherwise there would be no such thing as over funded. Oh believe me when I found out from the first TPA that it ...
by Rex66
Mon Apr 12, 2021 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

this is all pre tax money. its a qualified plan. thus that doesnt apply bc taxes have yet to be paid. I THINK his point was that if you took money out as salary now, paid taxes, and invested the proceeds, the Cap Gains would be taxed as Cap Gains. Instead if you basically have a mega-401K, don't pa...
by Rex66
Mon Apr 12, 2021 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

Early on the game would be 401k to Ira to Roth convert at your then lower tax bracket.
by Rex66
Mon Apr 12, 2021 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

this is all pre tax money. its a qualified plan. thus that doesnt apply bc taxes have yet to be paid.
by Rex66
Mon Apr 12, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

I’m sorry but you should ask your TPA to provide a chart for the maximum benefit obtainable by age with your current performance Usually they charge about 300 bucks though for the graph Otherwise there would be no such thing as over funded. Oh believe me when I found out from the first TPA that it ...
by Rex66
Mon Apr 12, 2021 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

be careful of costs and expenses. If I had to do it all over again would use an independent consultant, if such a thing exists. Realize you can't just pay yourself a pittance for a salary, it has to be reasonable - and the money you stash away each year depends on your age and actuarial assumptions...
by Rex66
Mon Apr 12, 2021 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

Also you don’t as an individual want to do the second bc of annual costs

The plan I mentioned is about optimal
by Rex66
Mon Apr 12, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

I’m sorry but you should ask your TPA to provide a chart for the maximum benefit obtainable by age with your current performance

Usually they charge about 300 bucks though for the graph

Otherwise there would be no such thing as over funded.
by Rex66
Mon Apr 12, 2021 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1987

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Request an inforce illustration, current

They are required by law to provide

Tell them that or u will contact state commissioner
by Rex66
Mon Apr 12, 2021 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

Yes but there can’t be more in the plan at termination than the maximum benefit for your age I’m 51 this year and if memory serves me correctly that’s near 2 million. I actually have more in there than that bc of Tesla. If I terminated today I’d lose the amount above 2 million These plans typically ...
by Rex66
Mon Apr 12, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

Age is a factor even if it’s just the two of them If you over find the policy me you close the plan then everything over the maximum benefit for age goes to the government The maximum benefit is currently (as a lump sum and not salary) just shy of 3 million dollars at age 59.5. It is scaled back You...
by Rex66
Mon Apr 12, 2021 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

Your age makes a big if it’s worth it

A big reason why is the contributions are sort of age based and amounts will change what you can contribute to defined contribution plans.
by Rex66
Sun Apr 11, 2021 5:21 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 14007

Re: Another 2.8% SWR Article Quoting Wade Pfau

We can check Pfau from 10 years ago... He was comically wrong. You mean like here? https://www.bogleheads.org/forum/viewtopic.php?t=174030 His 2% SWR included 1% AUM and .67 ER. Effective SWR for DYI Boglehead would have been 3.6% without challenging any of Pfau's assumptions. +1. This is very impo...
by Rex66
Sun Apr 11, 2021 1:49 pm
Forum: Personal Consumer Issues
Topic: Trip insurance for beach vacation?
Replies: 13
Views: 819

Re: Trip insurance for beach vacation?

That’s a non starter

If people just didn’t feel safe was acceptable then claims would be through the roof
by Rex66
Sun Apr 11, 2021 1:05 pm
Forum: Personal Investments
Topic: Annuity statement. Not sure how this works?
Replies: 27
Views: 1662

Re: Annuity statement. Not sure how this works?

It’s a variable annuity not an index annuity

It isn’t capped except the fees are high so there is a drag and in the end gains are taxed as income. All that adds up over decades
by Rex66
Sun Apr 11, 2021 8:26 am
Forum: Personal Investments
Topic: Annuity statement. Not sure how this works?
Replies: 27
Views: 1662

Re: Annuity statement. Not sure how this works?

Keep in mind 1035 exchange just kicks the can down the road. Gains still taxed as income and no step up at death. Highly unlikely a new annuity would have stronger guarantees at this time.
by Rex66
Sun Apr 11, 2021 8:23 am
Forum: Personal Investments
Topic: Annuity statement. Not sure how this works?
Replies: 27
Views: 1662

Re: Annuity statement. Not sure how this works?

You have a variable annuity It was a bad decision to purchase but at this point it isn’t clear if you have any need for guaranteed income or what riders you may have purchased To be clear OP didn’t purchase this. Their significant others parents did in their childhood. Cheers Yes which doesn’t matt...
by Rex66
Sun Apr 11, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11259

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Looking forward to my bomb Using permanent insurance in retirement has been discussed multiple times. One needs to use assumptions that greatly favor insurance such as high investment costs. One also has to believe they will be of the 15% that keep it in force until death and they get illustrated re...
by Rex66
Sat Apr 10, 2021 8:18 pm
Forum: Personal Investments
Topic: Annuity statement. Not sure how this works?
Replies: 27
Views: 1662

Re: Annuity statement. Not sure how this works?

You have a variable annuity All gains will be taxed at income rates. No step up in basis at death. You would need to provide a lot more information about your overall financial picture and plans to get any real recommendations. It was a bad decision to purchase but at this point it isn’t clear if yo...