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Re: Any downside to a Fidelity i401k?

Prior to retirement I had a solo 401k with Fidelity. I used Vanguard ETFs mostly. This meant that some money would be in cash or in a Fidelity fund. I prefer Vanguard, but fifteen years ago Vanguard required third party involvement to set up the solo 401k. As of a few months ago there was no Roth 40...
by SGM
Sat Oct 25, 2014 3:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Any downside to a Fidelity i401k?
Replies: 21
Views: 1373

Re: Does your ROTH hold risky or stable items?

I have increased the riskier assets in my Roths. The reason is that I do not expect to tap the Roths for a long time if at all. I switched from a total bond fund to and TIPS to corporate bond funds, stocks and REITS. If I were to need to cash out sooner, I would be more conservative. It struck me th...
by SGM
Wed Oct 22, 2014 5:39 am
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3372

Re: "I've had it" at work - how often

I retrained for new careers twice. Each career paid better than the first and was more exciting. I also made job changes without career changes. Unfortunately I found some managers who were complete disasters. I happened to be correct in my assessment as the managers were either fired or reassigned ...
by SGM
Tue Oct 21, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12352

Re: First investment strategy meeting with new FA, $6M trust

This all seems like lambs being led to the slaughter. The second advisor seems marginally better than the first. A model portfolio with 23 funds and cash??? This strikes me as nonsense and redundant. I am sure that you would get way more diversification and way less expenses, taxes and complexity wi...
by SGM
Fri Oct 17, 2014 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4553

Re: First investment strategy meeting with new FA, $6M trust

Your advisor is making things too complicated and costly. Total expenses of 1.54% will cause you to underperform an index portfolio by at least 2% in the next 10 years. If he put you into annuities I suspect they are not the type that would meet with the approval of those on this forum. Trading fund...
by SGM
Fri Oct 17, 2014 5:55 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4553

Re: Time Out of Market During Rollover

I closed out my solo 401k and rolled it over into an IRA a few weeks ago. It wasn't a lot of money because I had been doing multiple indirect roll overs and Roth conversions over the last few years. This time I did a direct rollover and it was painfully slow during a volatile market. In the past I a...
by SGM
Fri Oct 17, 2014 5:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Time Out of Market During Rollover
Replies: 16
Views: 970

Re: Thrivent Financial Experience

I looked at their funds but never invested with Thrivent because of the high fees. Their large cap fund with an ER of 1.05% badly underperformed the S&P 500 by more than 2% over ten years even without the upfront sales charge. Investment Performance - Average Annual Total Return* 3 Mo. YTD 1 Yr....
by SGM
Fri Oct 10, 2014 3:01 am
 
Forum: Investing - Theory, News & General
Topic: Thrivent Financial Experience
Replies: 7
Views: 932

Re: Dave Ramsey says asset allocation does not work

Ramsey's advice to buy front loaded mutual funds is scary and awful. He compares front loaded funds with very high yearly expense ratio funds that are no-load. I have never bought either. Jack's cost matters hypothesis suggests both types of funds be put in the garbage can. I am not very happy with ...
by SGM
Fri Oct 03, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says asset allocation does not work
Replies: 87
Views: 7161

Re: vanguard etf commissions

No way is this a promotional gimmick that Vanguard will pull at some later date. I would like it if Vanguard listed the NAV (net asset value) of their ETFs when giving a quote not that it makes much of a difference in the long run.
by SGM
Fri Oct 03, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard etf commissions
Replies: 8
Views: 956

Re: Becoming a Thinktank

I have a few acquaintances who self published novels and collected short stories. I don't think they got very good editing from the vanity publisher. I also think they were sold a bill of goods. Generally speaking self published books are not considered serious. I would take a marketing course by a ...
by SGM
Wed Oct 01, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a Thinktank
Replies: 35
Views: 2261

Re: what is risk?

Leave it to Taylor to put the discussion into perspective. I find that my assessment of risk to my portfolio has changed considerably from the early accumulation stage through approaching retirement and the early months of retirement. Easily one can get into the weeds in this discussion. I can't add...
by SGM
Wed Oct 01, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4390

Re: UGMA dividends advice - index ETF or reinvest in stock

I will have to discuss some more with my father. I would like his input on intent. Yes, I know it is now my daughter's money and yes, I am now the custodian of that money. That being said, I want to strike a balance between honoring the givers intent and being responsible with my daughters money. T...
by SGM
Mon Sep 29, 2014 5:52 am
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 393

Re: UGMA dividends advice - index ETF or reinvest in stock

If you can buy small amounts of the Ishare ETF without a trading fee it would be a good plan. If Fidelity does not allow that then you may have to purchase a Fidelity mutual fund and reinvesting the dividends should be without a trading cost. It is reasonable to diversify to decrease risk of holding...
by SGM
Sun Sep 28, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 393

Re: Is there any point in putting stock index funds in IRA?

I have put stock funds and Vanguard REIT and corporate bond funds and ETFs in IRAs. I would like to put all tax inefficient funds in an IRA, but since I won't tap the IRAs for a long time I want the potential growth of stock funds in the IRAs as well. I always welcomed stock market lower evaluations...
by SGM
Sun Sep 28, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is there any point in putting stock index funds in IRA?
Replies: 9
Views: 894

Re: Should I take SS or wait, Penny for your thoughts,

I don't think the TRowe Price calculator is accurate for our situation. Not to go into detail, but all other calculators recommend spousal to be take at FRA of 66 and spouse switching to her own benefit at 70. TRowe recommends taking a spousal a year and 3 months earlier and spouse not switching to ...
by SGM
Sun Sep 28, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS or wait, Penny for your thoughts,
Replies: 14
Views: 1279

Re: Does Equity Risk Decrease over Time?

The more often you cross even a relatively untraveled road the more likely you will be hit by a motor vehicle. That is the logic behind the increased chance of experiencing either a significant increase or decrease in equities over time. Certainly that chance is greater for individual stocks than fo...
by SGM
Wed Sep 24, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Does Equity Risk Decrease over Time?
Replies: 51
Views: 2711

Re: It's pretty freaky watching your stocks go up & down all

I like to look at my portfolio when the market is rising. When the market is in a tailspin I rarely look. It is a cognitive bias that decreases the desire to sell when the market is down.
by SGM
Wed Sep 24, 2014 5:04 am
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5727

Re: Do you consider Dan Wiener to be a Boglehead?

He is definitely not a Boglehead. I saw his advertisement and thought it was ridiculous. I did not give him another thought until I saw these posts on Bogleheads. Unfortunately, he is likely making a lot of money off of the hopeful naive.
by SGM
Tue Sep 23, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2161

Re: EJ Gadflies [Edward Jones]

Has anyone tried going to Western Marine and buying a foghorn for phone calls?
by SGM
Mon Sep 15, 2014 5:11 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6580

Re: Why do so many think their home is a foolproof investmen

Tell the majority of retirees for whom their home is their biggest asset that it is not an investment. It certainly is not foolproof, but it is an investment. If it keeps up with inflation and you can live in it, that is terrific. Location is the main factor in whether it is a good investment or not...
by SGM
Sun Sep 14, 2014 6:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6554

Re: A 'really good book' you did NOT enjoy

Hi Victoria, Thanks for your comments. I have not read Jane Austen, but I have seen several movie versions and television versions of her novels. I enjoyed them. One of these days I will read some of her novels as well, possibly as books on tape maybe as soon as I finish Nicholas Nickelby. I have be...
by SGM
Sat Sep 13, 2014 11:56 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 11130

Re: A 'really good book' you did NOT enjoy

Many of the classics mentioned in this thread are books I have enjoyed. Although I haven't read much Shakespeare, I have enjoyed many of his plays. I don't like it when the company feels it needs to update the costumes or language to make it more "relevant." I was fully prepared to dislike...
by SGM
Sat Sep 13, 2014 6:16 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 11130

Re: How much do investors care about social impact?

There is an article in 9/10 WSJ on pressure on universities to divest from coal and other fossil fuels. Divestment will have little or no effect on the use of fossil fuels. It does make some people feel good to avoid companies that produce fossil fuels. I have loaded up on oil companies forever and ...
by SGM
Wed Sep 10, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: How much do investors care about social impact?
Replies: 32
Views: 1421

Re: Anyone moved from NY?

Fuggeddaaboutit.
I miss scungilli and knishes. You can get good ethnic food, bagels and pizza away from NY now, not so 40 years ago. I first moved to FL then all over.
by SGM
Wed Sep 10, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2973

Re: Socially Irresponsible Fund

One man's meat is another man's poison. Give me total international and total market and a few favorite "sin" stocks. I prefer those "sin" stocks with overblown law suits regarding asbestos, tobacco or oil. Class action law suits are great. Bad publicity is great. The more you ha...
by SGM
Tue Sep 09, 2014 4:42 am
 
Forum: Investing - Theory, News & General
Topic: Socially Irresponsible Fund
Replies: 16
Views: 1497

Re: WSJ on leaving Roth IRA to heirs.. no so fast???

I have already converted 95% of traditional 401ks and IRAs to a Roth. I was aware of the budget item. Ed Slott recently discussed on the James Lange radio show #162 http://www.paytaxeslater.com/radioshow_112_ed_slott_end_of_stretch_ira.php how some will get around this problem if needed in the futur...
by SGM
Mon Sep 08, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: WSJ on leaving Roth IRA to heirs.. no so fast???
Replies: 11
Views: 1919

Re: Best use of tax-deferred space

I have a long horizon for my Roth accounts and I am have mostly stock index funds, some REITS and some Corporate bond funds. I found that Vanguards bond index fund was a drag on return. Also TIPS were not doing well. I feel I can take more risk in any accounts that I won't need for many years. My bo...
by SGM
Sun Sep 07, 2014 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1410

Re: Municipal bonds 1y returns - exuberance and caution

Bustoff wrote:
SGM wrote:I strictly used muni bonds for current income since my recent retirement and have no great interest in gains as I do not plan on selling.


Do you use individual muni's or muni funds?

Muni funds. The few individual muni's I have had, I kept them until maturity.
by SGM
Fri Sep 05, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 56
Views: 5925

Re: Municipal bonds 1y returns - exuberance and caution

I strictly used muni bonds for current income since my recent retirement and have no great interest in gains as I do not plan on selling. I believe that the supply of muni bonds has shrunk somewhat. Greater demand may be part of it, but I have read somewhere that fewer are being issued. Meredith Whi...
by SGM
Tue Sep 02, 2014 5:43 am
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 56
Views: 5925

Re: Reinvest dividends and capital gains?

Up until retirement I reinvested all dividends and capital gains. Now they come out into a checking account for spending or reallocation
by SGM
Mon Sep 01, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3964

Re: Ideas for thanking a doctor

Recently retired doctor here.... Note cards are very much appreciated and I have kept them all.
by SGM
Mon Sep 01, 2014 5:06 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 75
Views: 5109

Re: Buying a house, sell REITs?

Sell stocks with long term capital gains to pay for a house purchase. If you have any losses now might be the time to take them. I would avoid selling stocks with short term capital gains unless I were in a low tax bracket. I bonds depend on the rate you are receiving as previously stated. Don't cha...
by SGM
Mon Sep 01, 2014 5:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying a house, sell REITs?
Replies: 8
Views: 877

Re: Next phase of minimizing taxes for high-income household

If you start your own business you can have a profit sharing plan. Also you can deduct business expenses directly. You can also have some K-1 income that is free of fica taxes. You may also be able to hire your spouse and she can participate in the PSP and 401k. Some business owners have defined ben...
by SGM
Sun Aug 31, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Next phase of minimizing taxes for high-income household
Replies: 33
Views: 3637

Re: WSJ: Firing One's Advisor

The writer who took 9 months to fire his advisor had been invested for many years in index funds and had been getting feedback from his wife. Then he second guessed himself and thought he may have been missing out on something so he went the advisor route. :oops: This is exactly what happened to a p...
by SGM
Sat Aug 30, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 2173

Re: Who else's IRA would you (do you) fill?

I always funded spouse's IRA whether she worked or not. Before 2010 they went into non-deductible IRAs. After 2010 they were converted to a Roth. The reason is to maximize non taxable space and for inheritance purposes should we not need the funds. I presently fund my children's IRAs to give them a ...
by SGM
Sat Aug 30, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Who else's IRA would you (do you) fill?
Replies: 18
Views: 1223

Re: should I buy a 5 yr annuity to get me to 70

Variable annuities are expensive. Vanguard advised me against buying one when they did a financial plan for me. 3 years ago, I bought a deferred savings annuity that paid 4% tax deferred. It acts like a tax deferred CD. However, interest rates are much lower now and you can only take out 10% a year ...
by SGM
Fri Aug 29, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I buy a 5 yr annuity to get me to 70
Replies: 8
Views: 756

Re: Buy & Hold Forever Blue Chip Stocks???

Well I wouldn't hold them forever. Those individual stocks previously purchased with large capital gains may be sold without a capital gains tax by the next generation. I don't have a problem with purchasing an individual stock that is ridiculously oversold. How you determine that is your secret. Ho...
by SGM
Mon Aug 25, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4646

Re: Great MarketWatch Article - 13 financial tips to live by

I like the first point and photograph of a couple trying to budget. Basically Nerds do budgets. Don't budge, just make sure you are saving a pre determined amount of your income for retirement. That is essentially what I did for 45 years and had no hiccups.
by SGM
Mon Aug 25, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 1986

Re: I need "Ultra High Net Worth" investing advice please

$50MM and larger sums can be lost fairly easily. I would put a chunk into a three fund portfolio. I might also buy and hold some individual stocks that make up a major percentage of the S&P 500. I believe it makes more sense if you have a large amount of assets to own individual stocks and bonds...
by SGM
Sat Aug 23, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19407

Re: POLL: Age for Collecting Social Security Benefits

Newly retired and waiting until 70
by SGM
Fri Aug 22, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7823

Re: Why aren't annuities better than investment drawdowns?

SPIAs laddered later in life have some appeal as there is less time for the ravages of inflation. I would take only a small part of my portfolio to buy them though. If I took an SPIA paying out 6.6% a year I would take less out of investment accounts allowing them to grow longer. I am delaying SS to...
by SGM
Thu Aug 21, 2014 6:45 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2998

Re: [live off dividends?] How the rich stay/get richer??

Living off dividends has the advantage of not paying long term capital gains. If not paid during your lifetime, positions can be passed on to the next generation at a stepped up basis. Living off dividends is not necessarily out of sync with a total return plan. It is just a method of making withdra...
by SGM
Wed Aug 20, 2014 5:37 am
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 5066

Re: So am I a terrible father? [inheritance question]

I chose to convert to a Roth. I have a concern that RMDs will be high so I will be paying taxes anyway. Also receiving an inheritance with a traditional IRA may require paying taxes out of traditional IRA rather than out of a taxable account. Both scenarios will mean a lower amount in the traditiona...
by SGM
Tue Aug 19, 2014 5:56 am
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4528

Re: Retirement Party Discussions

I had the opportunity to sue a widowed sister in law who stole property after our family had let her stay in a house rent free for several years. I thought it best not to sue over stolen barn doors, furniture, welcoming pineapple sculptures, a stolen tractor and even things that were nailed down et...
by SGM
Mon Aug 18, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4466

Re: Retirement Party Discussions

My comments that "it's a jungle out there" refer to a Doc being advised to put a large amount of money into what Larry Swedroe labeled as "ugly" in his book about alternative investments. Equity indexed annuities have been discussed on this board elsewhere. Also the doctoral cand...
by SGM
Mon Aug 18, 2014 6:14 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4466

Re: Retirement Party Discussions

Just noise. People like to talk about negatives. Sure that person regrets spending on legal fees when he didn't win, but no guarantees and should probably just let it go rather than rehashing it at a party. That reminds me of people who balk about having to pay out of pocket for medical tests, espe...
by SGM
Sun Aug 17, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4466

Retirement Party [Investment] Discussions

I just came back from a friend's retirement party and had several interesting financial conversations over a two day period. A doctorate candidate in finance had praise for Jack Bogle, but disagreed with a statement he had made against rebalancing at some point. I don't remember reading any comments...
by SGM
Sun Aug 17, 2014 6:38 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4466

Re: Cost of Medical Records

You might want to ask for the hospital discharge summary. If you have certain issues maybe a copy of an xray report, mri or some specific study, specialist consult or lab reports would be additional. You could ask for the admission history and physical. There are prescribed limits per page that can ...
by SGM
Sun Aug 17, 2014 6:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Records
Replies: 16
Views: 1093

Re: MDs should I contest hospital privileges?

Actually I was an independent contractor and not an employee of this corporation. My privileges were not associated with the corporation. I do think they are fearful that I could steal a lot of their patients. I have no desire to do so. I am board certified for the next 9 years having passed the cer...
by SGM
Thu Aug 14, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1798

Re: Roth questions from an MD

I put money in traditional IRAs when they were not deductible and Roth conversions were not possible or earlier were not even available. I was happy to have the traditional IRAs in 2010 when conversions became available to higher income folks. I also had income from 2010 not given to me until 2011 b...
by SGM
Thu Aug 14, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 32
Views: 3114
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