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Re: Bond strategy resilient to rate increase

As already pointed out this "idea" is void of any real logic for a variety of reasons. The most obvious is that the Fed controls only the overnight rate and that means the Fed controls the rate of zero percent of BND's holdings. Secondly, the only way to profit from a mispricing in ANY fin...
by MN Finance
Mon Jul 21, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 12
Views: 1183

Re: Helping My Grandmother

Invest the 30 in a SPIA as someone else mentioned. Keep the 7 in cash. If that's not enough then family needs to help. There are no other options.
by MN Finance
Mon Jul 21, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3095

Re: Spouse to assume or inherit IRA?

It's hard to say for certain without knowing the full financial picture, but with a 7 figure account and a 4 year age gap, it clearly makes sense for this to first be turned into an inherited account, then rolled to the survivors name just before their RMD start year to avoid unnecessary distributio...
by MN Finance
Mon Jul 21, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse to assume or inherit IRA?
Replies: 10
Views: 1362

Re: Intimidated by Investment Advisor

As Meg indicated, if the trust is closing and assets being distributed to you, then all these players are just in temporary roles. I would sign the needed forms to have the assets transferred to the "managed" account in your name. Once it's there and you start receiving custodial statement...
by MN Finance
Mon Jul 21, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 29
Views: 3106

Re: Year of death RMD help

Ed Jones has no liability either way and certainly no ability to advise on tax matters. Further you or your brother don't have to show them anything and can withdraw as much or as little from the accounts as you want. It's also confirmation that just because you pay through the noise for an FA, it d...
by MN Finance
Sat Jul 12, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Year of death RMD help
Replies: 5
Views: 865

Re: Choosing brokered CD's- what should I look at?

There's no way to evaluate the different issuing institutions on the basis of the cd terms. You'd actually have to research each bank. While it's true it doesn't matter if it's fdic insured, there's more to it if you really want to get picky. If a bank defaults you get your money back sooner than yo...
by MN Finance
Thu Jul 10, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing brokered CD's- what should I look at?
Replies: 17
Views: 1557

Re: Land sale and taxes

I would make sure the property value is accurate. I'm really not sure how we would do that, other than retaining our own attorney to look over the realtor's numbers for valuing the property. As I said, it's in another state. Earl I have no idea. The point is that if you were selling it to an unrela...
by MN Finance
Thu Jul 03, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Land sale and taxes
Replies: 8
Views: 397

Re: 401k: If parents dont need the $, do an aggressive AA

So, first you should describe the financial relationship between you and your parents or you're going to get a lot of replies suggesting you stay out of their business. Are they looking for your help? Will they take your advice? Do you have poa? Etc. Beyond that, the concept is fine but rarely execu...
by MN Finance
Wed Jul 02, 2014 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k: If parents dont need the $, do an aggressive AA
Replies: 16
Views: 1083

Re: Land sale and taxes

Yes, the fact that you're entering into a related party transaction totally changes the normal rules. Google related party transactions. I would make sure the property value is accurate.
by MN Finance
Wed Jul 02, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Land sale and taxes
Replies: 8
Views: 397

Re: [Poll] If all active funds have ER= 0.05%, will you buy

If it was just about ER, the math of active and of passive is still the same. Math is math. But it's not just about ER
by MN Finance
Sun Jun 22, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] If all active funds have ER= 0.05%, will you buy any?
Replies: 55
Views: 2660

Re: My Roth is also my emergency fund. How to invest it?

Just to clarify, the OP didn't ask about the wisdom of the strategy, but rather how to invest it. It's the same question whether or not the money is located in a Roth or non qualified account.
by MN Finance
Thu Jun 19, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1211

Re: My Roth is also my emergency fund. How to invest it?

Suggesting this is a bad strategy is bad advice. The premise a couple of you have essentially outlined is that putting money into the roth and then having to take it out is somehow worse than not putting it in to start with. There's no logic to that. Put money in, and never use it as EF = good outco...
by MN Finance
Thu Jun 19, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1211

Re: My Roth is also my emergency fund. How to invest it?

Don't make it complicated. You are looking for return of, not return on $. You don't need to invest differently to try and get an extra fifty bucks. We did this many years ago and when the next year's contribution went in and/or it was clear the EF was now retirement at that point we invested it.
by MN Finance
Wed Jun 18, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1211

Re: 403b to IRA and withdrawal

She can take money out of the 457 at any age without penalty. She can take money out of her (now current) employers plan if she separates from service in the calendar year she turns 55 or later. If she rolls to an ira neither of these rules continue to apply (though there are other options if push c...
by MN Finance
Wed Jun 18, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b to IRA and withdrawal
Replies: 4
Views: 214

Re: Figuring cost basis on stock

Good, thanks. I was focused on the adjusted basis numbers because that accounts for splits/etc and is especially helpful if something is reinvested. Then I realized that the "nominal" value of the stock at the time is the best start as long as we can correctly identify where all the shares...
by MN Finance
Wed Jun 18, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Figuring cost basis on stock
Replies: 3
Views: 189

Figuring cost basis on stock

I know this isn't hard, but I'm having a momentary lapse trying to identify the simplest way to figure out cost basis on some stock. Dad has a handful of certificates we recently located in old boxes and they were deposited into a brokerage account. Trying to figure out the basis, let me use an exam...
by MN Finance
Wed Jun 18, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Figuring cost basis on stock
Replies: 3
Views: 189

Re: 403(K): Fidelity, Prudential, TIAA-CREF, or Vanguard?

Fidelity and TIAA are also good choices. That said, if youre starting out, your best bet is to keep it simple and have everything in one place, in such case you'll want to use VG. You can always add another company later.
by MN Finance
Tue Jun 17, 2014 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 403(B): Fidelity, Prudential, TIAA-CREF, or Vanguard?
Replies: 14
Views: 729

Re: Schwab inherited IRA RMD question

Schwab doesn't calculate rmds on inherited iras. I don't think many brokerage companies do. Some annuity or mutual fund companies will but it's very product dependent (ie, liability dependent)
by MN Finance
Mon Jun 16, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab inherited IRA RMD question
Replies: 20
Views: 915

Re: How compelling is the TIAA Real Estate fund?

To get back to the OP, it really doesn't matter much. If youre trying to KISS, then just stick with what's easy. I for one use a combo of trea, vnq and vnqi. And for anyone wondering "why" use trea, it had hands down the best mpt stats across all funds in all sectors. I've used a few portf...
by MN Finance
Mon Jun 16, 2014 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4473

Re: What to pick: RSU or stock options?

I don't think you can calculate it with a calculator since the upside of the options is entirely driven by upside in the stock. You have to assume a discount rate for the stock, then compare the value im X years of each choice. By just adjusting the rate a very small amount it completely changes the...
by MN Finance
Sat Jun 14, 2014 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to pick: RSU or stock options?
Replies: 29
Views: 1651

Re: Need Investment advice for Retiree with Defined Pension

Age has a funny way of changing your plans for you. My old man has surplus income in DB and SS plans, as such his investments are 100 stocks. RMDs are simply reinvested in like stocks. Ok. His mentor retired in his early 80s with a 250k a year pension and only needs a fraction of that to live on. As...
by MN Finance
Sat Jun 14, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Investment advice for Retiree with Defined Pension & SS
Replies: 21
Views: 1575

Re: What to pick: RSU or stock options?

I don't know the ratio, but I wonder if 4 to 1 is the break even. If it is, then it must be neutral for the company. If it's neutral cost for them, does that mean neutral benefit for you? No idea, just not sure how to think through it. Clearly there's more risk reward in options, so some of it might...
by MN Finance
Sat Jun 14, 2014 9:44 am
 
Forum: Investing - Help with Personal Investments
Topic: What to pick: RSU or stock options?
Replies: 29
Views: 1651

Re: how to check in on my investments.

Sounds to me like you need to choose one balanced fund and not worry about checking it
by MN Finance
Sat Jun 14, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: how to check in on my investments.
Replies: 10
Views: 766

Re: FT: The myth of small-cap outperformance

Oh good, now thats a voice I trust. I guess its a coincidence he runs large cap portfolios
by MN Finance
Sat Jun 14, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: FT: The myth of small-cap outperformance
Replies: 42
Views: 3752

Re: Series 65 exam

You register with the state(s) or the SEC. At some asset level you don't have a choice and must register with the SEC. Just talk to an attorney who does this for a living.
by MN Finance
Thu Jun 12, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: Series 65 exam
Replies: 4
Views: 510

Re: RMDs by 4/1

@ chaz: thanks for the tip, very helpful. @ alan: thanks. I read that. On the surface it seemed fine to take part of the RMD in the first year, and the rest later, but I had wondered if there was another intersecting rule that would make the start of distributions mean they all had to come out. Appa...
by MN Finance
Tue Jun 10, 2014 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: RMDs by 4/1
Replies: 7
Views: 489

RMDs by 4/1

I did a quick google search but couldn't find the answer in the first handful of searches. If 2014 is the begin year for RMDs, obviously the 2014 payment can be deferred until 4/1. But can just part of the payment be deferred? For ex: if the RMD is about 40k, then 40k can come out in 2014 and then 4...
by MN Finance
Tue Jun 10, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: RMDs by 4/1
Replies: 7
Views: 489

Re: Insurance trust and other strategies to protect an estat

There are a lot of moving parts. I also suggest finding/paying someone to do a review which includes investment, tax, estate issues. What you need shouldn't be free, but finding a group which can really hit all areas is difficult. Ilits pay the agent fairly well, so obviously this raises a question....
by MN Finance
Mon Jun 09, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Insurance trust and other strategies to protect an estate?
Replies: 8
Views: 464

Re: Should IRAs be placed in a Trust?

IRAs don't get placed in a trust. The beneficiary can be a trust. Assuming you have an attorney who drafted your documents, you need to rely on their advice because the documents and your particular situation need to be aligned.
by MN Finance
Mon Jun 09, 2014 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should IRAs be placed in a Trust?
Replies: 2
Views: 299

Re: To own at least 1 share of every company in SP500

I'd you're saying you want to own at LEAST 1 full share of each company, you would have to look at the bottom few companies in the S&P and then divide that into the share price. Ie, if a company is 1% of the index and its share price is $10, then by investing $1000, 1% would end up in the stock,...
by MN Finance
Mon Jun 09, 2014 9:40 pm
 
Forum: Investing - Theory, News & General
Topic: To own at least 1 share of every company in SP500
Replies: 27
Views: 2228

Re: Cabins/cottages in Wisc/Minn/Ont

The match idea might be what people do, but we've always done the opposite in a way. Get to know a lake or community, rent each summer, look around, and eventually someone lets you know that the old lady in the bay finally passed away and her place will be for sale. I think the best thing is to star...
by MN Finance
Sun Jun 08, 2014 9:34 am
 
Forum: Personal Consumer Issues
Topic: Cabins/cottages in Wisc/Minn/Ont
Replies: 22
Views: 1523

Re: How To Encourage A Young (Sensitive) Child In Sports

Well, hes 6. As the father of 4, we have given all the opportunity to get into several sports. Weve parented each kid the same, yet their engagement on the field is all over the map. My 8 year old hockey player loves hockey, but the fastest he skated the entire season was after he got lucky and scor...
by MN Finance
Sat Jun 07, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5439

Re: I just graduated, fiancee has one more year - Marry now?

You should get married, have a few kids and get a big mortgage. You wouldn't believe how much you save on taxes.
by MN Finance
Wed Jun 04, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: [I just graduated, fiancee has one more year - Marry now?]
Replies: 33
Views: 1161

Re: Can we have negative interest rates?

Interest rates on tbills were negative briefly during the financial collapse.
by MN Finance
Wed Jun 04, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: Can we have negative interest rates?
Replies: 33
Views: 3128

Re: capital gains on land sale?

I read this as: she's selling some land, but retaining the house and the rest of the land?
by MN Finance
Mon Jun 02, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: capital gains on land sale?
Replies: 5
Views: 406

Re: Inherited IRA [Portfolio help]

I don't know what a BDA is but assume it's something inherited from your title. It would be helpful if you listed the assets you are asking about so it's clearer. Like: 10k inherited roth ira 20k taxable account 50k inherited traditional ira Also, what do you mean you'll get 95k free and clear in 3 ...
by MN Finance
Mon Jun 02, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA [Portfolio help]
Replies: 16
Views: 1031

Re: Best Place for Teen's (Very Aggressive) Roth IRA

It doesn't make ANY difference how its investes right now, just that the money is contributed. After a year or three, he/you can change the allocation to meet your requirements. If you insist on something more aggressive now, I've found schwab good for my kids. They have several transaction free etf...
by MN Finance
Sat May 31, 2014 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Place for Teen's (Very Aggressive) Roth IRA
Replies: 34
Views: 2254

Re: Budget for charitable giving

Even though you have a quantitative mind, this is a very odd question. By definition for all of us, our money follows those things that are important to each of us. First, housing costs, food, debt payments, etc. (Mandatory). Then travel, family, retirement. (Discretionary.) Last, gifts, charity, co...
by MN Finance
Sat May 31, 2014 8:35 am
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2593

Re: Capital Gains harvest at 6% state tax?

I'm not sure about all those new questions. But the the answer to the original question is, yes. If you can realize gains at the 0% federal level, then you almost always want to. With low income levels however, it's very important to put your info into tax software because even though you might be i...
by MN Finance
Sat May 31, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Capital Gains harvest at 6% state tax?
Replies: 13
Views: 535

Re: Hiring a Financial Planner

Credentials are fine, but they tell you absolutely zero. Unfortunately you have to ask questions about the business model they are working in. Some of those questions have been mentioned, others you can craft based on what you're wondering. The same person can work in a terrible role or a great role.
by MN Finance
Fri May 30, 2014 11:13 pm
 
Forum: Personal Consumer Issues
Topic: Hiring a Financial Planner
Replies: 10
Views: 1068

Re: Beneficiary to Large Insurance Policy - AA?

I mean the question is really more complex. It's clearly not part of your allocation because if you're both forced to retire tomorrow and mom lives to 100 and the market tanks, it doesn't help your portfolio strategy. If mid 7 figures means 5M, and you back out the present value of a future inherita...
by MN Finance
Thu May 29, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beneficiary to Large Insurance Policy - AA?
Replies: 13
Views: 842

Re: Please help to find the catch [Variable Annuity]

Theres no reason in either thread to throw Jeff Nat under the bus. They are bringing a solution to market for RIAs with as little built in cost as possible. With vanguards difficult to use option, it's probably the best out there. There are billions in awful high cost VAs, and the money needs to go ...
by MN Finance
Mon May 26, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help to find the catch [Variable Annuity]
Replies: 11
Views: 928

Re: TIAA rollover

You don't contact VG to do this. You call TIAA and get their rollover form. In the form you indicate VGs address and account number.
by MN Finance
Sun May 25, 2014 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA rollover
Replies: 9
Views: 515

Re: Child Care - 2 or More Children and Strategies to Pay

Not my thread, but its OT already. The point is that daycare is minor cost, which I agree with... well, not minor, but just one of many costs that add up to a large total. Unless you have a single 2 year old, nobody with kids can calculate the total cost bottom up. It's a top down look at the total ...
by MN Finance
Sun May 25, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Care - 2 or More Children and Strategies to Pay
Replies: 46
Views: 3253

Re: Child Care - 2 or More Children and Strategies to Pay

schooling left - $0 (public school) plus piano lessons - $0 (optional or youtube) plus soccer - $0 (school team) plus cars - $0 (borrow parents car) health insurance - $0 (family plans are typically the same cost regardless of number of kids) food - $0-$1,000 / year difference (depending on whether...
by MN Finance
Sat May 24, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Care - 2 or More Children and Strategies to Pay
Replies: 46
Views: 3253

Re: Child Care - 2 or More Children and Strategies to Pay

I thought it was both accurate and helpful. You can't really calculate the cost of kids. But I know what it cost us to live before kids and after. We spend 50k/year on kids minimum (not including daycare SAHM).
by MN Finance
Sat May 24, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Care - 2 or More Children and Strategies to Pay
Replies: 46
Views: 3253

Re: CREF Equity Index Account or CREF Stock Account

It doesn't make any difference. The ER of stock and the equity index are basically the same. Stock is basically an index fund, nearly zero tracking error beyond the ER. I can tell you with certainty why people choose stock instead of the combination. First, it's been around since 1952 and until the ...
by MN Finance
Sat May 24, 2014 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: CREF Equity Index Account or CREF Stock Account
Replies: 6
Views: 509

Re: What to replace TIAA Real Estate Account with.

I would sayays John's comment is a good point. Historically, mapping to new funds didn't mean you had to leave the annuity accounts. Though in the most recent mapping at our local university, they did indeed map all funds. It's probably contract dependent.
by MN Finance
Sat May 24, 2014 8:45 pm
 
Forum: Investing - Theory, News & General
Topic: What to replace TIAA Real Estate Account with.
Replies: 25
Views: 1558

Re: Investment interest expense and IRA RMDs

I can't claim to know the answer with certainty, but you can't offset it with ira distributions, so there's no reason to believe inherited iras would fall under different rules. Not that the tax code is always logical, but it wouldn't be logical to treat inherited iras differently
by MN Finance
Sat May 24, 2014 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment interest expense and IRA RMDs
Replies: 7
Views: 829

Re: What to replace TIAA Real Estate Account with.

I still disagree with the ER question. But regardless, if you want to move and simply keep your risk the same, you should just count it as half risk. Ie, if you're 80/10/10 , that's probably like 85/15 in conventional stock/bond investments. You can't specifically find a replacement portfolio with s...
by MN Finance
Sat May 24, 2014 10:30 am
 
Forum: Investing - Theory, News & General
Topic: What to replace TIAA Real Estate Account with.
Replies: 25
Views: 1558
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