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Re: VUL – to keep or not? Advice please.

Great advice above. I analyzed my options a while back and 1035'd to a vanguard annuity to preserve cost basis (loss). With your situation I would recommend just surrendering, take a small loss, and move on. Do you think this policy was sold to you in good faith and clear terms?
by knopflergrass
Tue Jan 14, 2014 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: VUL – to keep or not? Advice please.
Replies: 9
Views: 724

Re: Getting Best Price for a Prescription Drug

Goodrx.com has had great reviews in national news media and is surging in popularity with my patients. Most all have had great success with it.
by knopflergrass
Fri Jan 03, 2014 12:39 am
 
Forum: Personal Consumer Issues
Topic: Getting Best Price for a Prescription Drug
Replies: 55
Views: 5860

HSA and job change

Deleted
by knopflergrass
Wed Oct 30, 2013 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and job change
Replies: 1
Views: 165

Re: Portfolio Re-Review

Colbert bump.
by knopflergrass
Sun Oct 20, 2013 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Re-Review
Replies: 2
Views: 425

Portfolio Re-Review

Thanks so much for considering a review/update of my portfolio. :D Just a few questions at the bottom. Emergency Funds: 6 months, regular savings acct Debt: 1) Home Mortgage, 198K, 3.125% yearly adjustable mortgage (likely move in next 1-2 years, so no refinance at this point) 2) Student Loans: 215K...
by knopflergrass
Fri Oct 18, 2013 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Re-Review
Replies: 2
Views: 425

Re: Converting whole life policy to annuity vs cash out

The 1035 exchange out of permanent life to a low cost annuity is, in my opinion, best used as a method of preserving a loss of cost basis in the policy. It can be a great option in that case, albeit at higher investing costs. If you convert with a gain, you will not pay ordinary income now but it wi...
by knopflergrass
Wed Oct 02, 2013 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Converting whole life policy to annuity vs cash out
Replies: 4
Views: 515

Re: revised portfolio - follow up questions

Check out my prior posts on the subject of VULs if you wish. There was some great advice from ole meph, an insurance agent, and other boglehead all stars. Good luck.
by knopflergrass
Wed Oct 02, 2013 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: revised portfolio - follow up questions
Replies: 7
Views: 559

Re: revised portfolio - follow up questions

We max-fund her VUL (the amount of contributions can change, currently a little over $6K per year) B) I added my VUL to our retirement assets. Its cash value did not even occur to me when I originally posted, but since we don’t plan on touching that money, we are now including it has part of our re...
by knopflergrass
Tue Oct 01, 2013 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: revised portfolio - follow up questions
Replies: 7
Views: 559

Re: VUL - to cancel or to not cancel

Use the search for "permanent life insurance", "whole life", "universal life", and "cash value". Many others including myself have included posts on this dilemma. Every contract on these policies has different stipulations, different rules, different fees. But...
by knopflergrass
Fri Sep 27, 2013 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: VUL - to cancel or to not cancel
Replies: 5
Views: 614

Re: Getting out of permanent life insurance. Ideas.

So OleMeph: Maximal decrease in face value, maximal partial surrender, requesting life insurance company to transfer cash value to a level term policy is unlikely to result in decreasing sunk costs of surrender charges? You have my best answer to your situation based on the facts as I know them. If...
by knopflergrass
Fri Aug 02, 2013 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: Getting out of permanent life insurance. Ideas.

So OleMeph:

Maximal decrease in face value, maximal partial surrender, requesting life insurance company to transfer cash value to a level term policy is unlikely to result in decreasing sunk costs of surrender charges?
by knopflergrass
Fri Aug 02, 2013 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: Getting out of permanent life insurance. Ideas.

Do you know what the cash value will be at the end of 10 years? If it's worth $275,000 after 10 years (which is 9 years from now, roughly), worth $2,500 now, and costs you $23,000 per year (taking out what term would cost) then that's a cagr of over 6%, no? What are the tax implications of taking t...
by knopflergrass
Fri Aug 02, 2013 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: Getting out of permanent life insurance. Ideas.

Okay, fair enough. I was looking for both academic discussion and advice, and would be very grateful for advice on exit strategies. What would be the best way to get out and minimize paying any surrender charges? Is this policy traditional, dividend paying whole life insurance or Universal Life (ak...
by knopflergrass
Thu Aug 01, 2013 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: Getting out of permanent life insurance. Ideas.

edited, thanks. though the extra zero is what it feels like. :annoyed
by knopflergrass
Thu Aug 01, 2013 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: Getting out of permanent life insurance. Ideas.

Please provide basic details for each policy you own. This will enable us to give you specific recommendations. Otherwise, an academic discussion will be of little value. Face amount of policies Specific name of type of insurance Name of insurance company. Policy Date and your age when written Annu...
by knopflergrass
Thu Aug 01, 2013 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Getting out of permanent life insurance. Ideas.

I have a permanent life insurance policy, and like many in threads on this subject, I want out. It was a bad decision and with the decision behind me, i have been looking for the best way out to minimize financial losses. i'm chalking up my losses to financial education. :) I've actually read quite ...
by knopflergrass
Wed Jul 31, 2013 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of permanent life insurance. Ideas.
Replies: 19
Views: 1154

Re: New Investor Portfolio Review, Bogle Me

knopflergrass , you want an AA of 70% stocks, 30% bonds, with unknown in international. I'll recommend 30% of stocks in international. That breaks down to 49% US stocks, 21% international stocks, and 30% bonds. Here is a possible retirement portfolio: Taxable at Vanguard -- 42% 21% ( VTSAX ) Vangua...
by knopflergrass
Fri Jul 05, 2013 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Review, Bogle Me
Replies: 9
Views: 1149

Re: New Investor Portfolio Review, Bogle Me

Thanks everyone, for the review and advice. At first I thought Bob's might work with me, but I think on an old post I did mention that i'm in a surgical field. I think the kind of debt I have is common, but i'm still on the high end of it so thanks for the advice there. Believe it or not, i've alrea...
by knopflergrass
Thu Jul 04, 2013 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Review, Bogle Me
Replies: 9
Views: 1149

New Investor Portfolio Review, Bogle Me

Hello and thanks for considering a review of my portfolio. I'm getting a later start on investments due to a long job training period, and I simply didn't prioritize investing until now. I certainly did make some mistakes already in the past year, I feel, but am looking to improve on these. I'd appr...
by knopflergrass
Wed Jul 03, 2013 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Review, Bogle Me
Replies: 9
Views: 1149

Re: Selling mutual funds w/ high ER for short term gain

Thank you to everyone for your responses. I appreciate the time and help as i'm slowly learning these details. :sharebeer
by knopflergrass
Sat Jun 29, 2013 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling mutual funds w/ high ER for short term gain
Replies: 6
Views: 371

Selling mutual funds w/ high ER for short term gain

I recently transferred some non-qualified funds "in kind" from an outside institution to VG. Several of them have higher expense ratios, 1.39% to 1.89%, no back end loads. I'd like to move all the funds to VG but do in a tax-savvy manner. These were purchased less than one year ago, and ac...
by knopflergrass
Fri Jun 28, 2013 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling mutual funds w/ high ER for short term gain
Replies: 6
Views: 371

Re: Discussion with Adviser

In regard to question 1, let's say an investor hypothetically needed to withdraw 10K from their taxable nonqual funds for whatever emergent reason. Bogleheads would say that in a 3, 5, or 10 fund portfolio it doesnt matter which fund the money is withdrawn from in regard to tax considerations? Who ...
by knopflergrass
Wed Jun 05, 2013 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Discussion with Adviser
Replies: 32
Views: 2722

Re: Discussion with Adviser

Run your portfolio through the Morningstar X-Ray. See if you are as diversified as you think you are. Think of your investment advisor as training wheels on your bike. Learn what you can from him or her. At whatever point you feel you are no longer getting a benefit, you can go out on your own. I h...
by knopflergrass
Wed Jun 05, 2013 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Discussion with Adviser
Replies: 32
Views: 2722

Re: Discussion with Adviser

Thanks so much everyone for the replies, all are very helpful for a new investor. Gbrainer: when you mention the tax benefit of separating growth and value funds within a nonqualified plan not helping much in retirement, i understand that given index funds have lower expense ratios. But if I withdra...
by knopflergrass
Tue Jun 04, 2013 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Discussion with Adviser
Replies: 32
Views: 2722

Discussion with Adviser

Reader of this site over past year, first time poster. :sharebeer I am a recent med school and surgery residency graduate with my first job, and starting with a new financial adviser over the past year that I've felt i can trust. He's recommended a broad portfolio with a fair number of low cost inde...
by knopflergrass
Mon Jun 03, 2013 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Discussion with Adviser
Replies: 32
Views: 2722

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