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Re: 401k rollover question and advisement request(s)...

Again, thank you for the reply ruralavalon.

I think I've added everything that you've requested.

I look forward to your future response(s).
by Otops
Sat Mar 08, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover question and advisement request(s)...
Replies: 16
Views: 792

Re: 401k rollover question and advisement request(s)...

Thank you ruralavalon! I added more information to the first post. The new 401k funds offered are the following: The Standard Stable Asset A XSAFA Vanguard Inflat Prot Sec Adm VAIPX PIMCO Total Return Instl PTTRX Vanguard Tot Bnd Mkt Idx Sig VBTSX Vanguard Target Rtmt Inc Inv VTINX Vanguard Tar Rtmn...
by Otops
Fri Mar 07, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover question and advisement request(s)...
Replies: 16
Views: 792

Re: 401k rollover question and advisement request(s)...

Thank you (again)! I will read through that link in a little while. In the meantime, if you don't mind me asking, how do you go about funding all three accounts that you have? I'm curious. 1. You have a specific percentage of your paycheck going to your 401k tax-free automatically. Correct? 2. Do yo...
by Otops
Thu Mar 06, 2014 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover question and advisement request(s)...
Replies: 16
Views: 792

Re: 401k rollover question and advisement request(s)...

Thank you for your responses. 1. I really don't want to keep the money with Mercer but if I did can I still add to that account? I would think not. 2. I like the funds offered in my new 401k. Actually, quite a few Vanguard funds are options unlike my previous employer. Are there any benefits to roll...
by Otops
Thu Mar 06, 2014 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover question and advisement request(s)...
Replies: 16
Views: 792

401k rollover question and advisement request(s)...

Good morning everybody! I am here to ask for some advice. First things first, though, I am a sloppy investor and I proclaim that this will change NOW. I am 35, married and have two kids (8 and 7). I changed companies at the end of January (the 20th to be exact). My 401k ($54,000) is sitting with Mer...
by Otops
Wed Mar 05, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover question and advisement request(s)...
Replies: 16
Views: 792

Re: My wife and I have inherited two variable annuities...

Well... I'm not giving up but it sounds like there is no way to withdraw the funds from both of these annuities. I'm going to sit down with a friend's financial planner tomorrow to see if he knows anything.

I must say, this has been a pretty frustrating situation.
by Otops
Tue Aug 27, 2013 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

I haven't seen a single indicator of any fixed rate. Yet another question I will ask tomorrow. I'm going to grill whoever I get on the phone.
by Otops
Sun Jul 28, 2013 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

But I am advising an elderly couple that is actually earning 3.75% on two fixed annuities they bought back when interest rates were higher. OP, you don't say what your mortgage rate is. Check out the fixed rate available on the annuities. Often times the fixed option also eliminates the M&E fee...
by Otops
Sun Jul 28, 2013 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

I believe they are listed in the 300 page onionskin paper contract which few people read. Instead they eat the free dinner and rely on the pitch of a slick sales person who promises a "guaranteed" 5% or whatever. Remember annuities aren't bought, they are sold. If you go to the free dinne...
by Otops
Sun Jul 28, 2013 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

I believe they are listed in the 300 page onionskin paper contract which few people read. Instead they eat the free dinner and rely on the pitch of a slick sales person who promises a "guaranteed" 5% or whatever. Remember annuities aren't bought, they are sold. You are probably right abou...
by Otops
Sun Jul 28, 2013 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

One would think the fees and expenses of each annuity would be listed somewhere. The thing that gets me is that I don't know where you would find out if you didn't call and ask. Guess they don't want one to know.
by Otops
Sat Jul 27, 2013 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

donall, I've never asked the question to find out. I'm going to call John Hancock on Monday and ask. ANNUITY A = 0.00 in fees according to the statements and website. I'm assuming the only fees being paid are the mutual fund fees and expenses on the units owned inside. ANNUITY B = 30.00 in contract...
by Otops
Sat Jul 27, 2013 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

Thank you BL. So far, from the two distributions, we have received 1099-Rs. Obviously the RECEIPT DUE TO DEATH box was checked for both. What I don't understand is that the IRA/SEP/SIMPLE BOX is checked for the smaller one but not for the larger one. (According to the back of the 1099-R box 7 DISTR...
by Otops
Sat Jul 27, 2013 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

donall, I've never asked the question to find out. I'm going to call John Hancock on Monday and ask. ANNUITY A = 0.00 in fees according to the statements and website. I'm assuming the only fees being paid are the mutual fund fees and expenses on the units owned inside. ANNUITY B = 30.00 in contract ...
by Otops
Sat Jul 27, 2013 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

Thank you BL. So far, from the two distributions, we have received 1099-Rs. Obviously the RECEIPT DUE TO DEATH box was checked for both. What I don't understand is that the IRA/SEP/SIMPLE BOX is checked for the smaller one but not for the larger one. (According to the back of the 1099-R box 7 DISTRI...
by Otops
Sat Jul 27, 2013 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

SOME ADDITIONAL INFORMATION ANNUITY A BREAKDOWN ------------------------------- Small Company Value T. Rowe Price UNITS: 2,038.009 VALUE: $67,847.68 50.2% Blue Chip Growth T. Rowe Price UNITS: 1,770.880 VALUE: $59,380.61 43.9% Utilities MFS UNITS: 74.146 VALUE: $1,959.39 1.4% Inter. Small Dim. Fund...
by Otops
Sat Jul 27, 2013 8:23 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

Thank you, again, everybody! You all have already given me more insight than I could have imagined. @Ryebrook: I see the complications I'm having are due to the fact that this is a true variable annuity. From what I'm gathering we can't make any changes and have to accept the terms my Mother-in-Law ...
by Otops
Sat Jul 27, 2013 8:05 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

True. However, in our marriage, we look at it a little differently I guess. What's hers is mine and what's mine is hers. But in the eyes of the government it is pretty cut-and-dry.
by Otops
Fri Jul 26, 2013 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

Re: My wife and I have inherited two variable annuities...

Thank you all for the responses! @Synergy: I have not yet explored cashing it out but I'm assuming we would be hit left, right and center with taxes. Then again, distributions have already begun so it might not even be able to be cashed out. My mother-in-law was 78. I would like to move it into a mo...
by Otops
Fri Jul 26, 2013 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

My wife and I have inherited two variable annuities...

Hello everybody, I've been reading in this forum since April of this year and have thoroughly enjoyed the guidance and knowledge you all offer. Having said that, I've finally whipped up enough courage to ask a personal question. As the subject implies, three years ago my wife and I inherited two Joh...
by Otops
Fri Jul 26, 2013 3:21 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 3853

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