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2% fee upfront on SPIA purchase

I have been investigating annuities (interest is in SPIA type only) and it seems that every company (VANGUARD included) charges at least 2% of the annuity value being purchased upfront. Does anyone have any information on credible companies that charge less for such a product??
by peanutbuddy
Thu May 02, 2013 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 2% fee upfront on SPIA purchase
Replies: 2
Views: 614

Re: Part-time jobs

I am retired (three years) and work 20-25 hours a week at a marina doing all sorts of things from renting pontoon boats to selling bait. The marina is only open six months out of the year so I have lots of time off in the winter months. As crazy as it sounds, everyone who works there is retired and ...
by peanutbuddy
Sat Feb 23, 2013 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part-time jobs
Replies: 26
Views: 3099

taxes on dividends

I live in TN which has no state income tax but does have a 6% state tax on dividends over $2500. It does not have a state tax on capital gains. Using the Wellesley fund as an example if I have my dividends reinvested automatically and sell shares during the year (assuming the share price is higher t...
by peanutbuddy
Sat Feb 23, 2013 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: taxes on dividends
Replies: 12
Views: 703

SPIA annuity - use pretax or after tax money

Is it more beneficial to use pretax or after tax money when buying a fixed income life annuity (SPIA) with me as owner (I'm 59 years old) and my wife as co-owner (she's 52 years old)?
by peanutbuddy
Wed Feb 06, 2013 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: SPIA annuity - use pretax or after tax money
Replies: 3
Views: 313

15% tax rate on bond and stock dividends

I keep seeing postings on this site that emphasize bonds should be held in tax deferred (IRA) accounts when possible. Regarding dividends paid on stock funds or bond funds I was under the impression that the dividends for each would be taxed at ordinary income levels if your tax rate is 15% - can an...
by peanutbuddy
Mon Jan 21, 2013 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 15% tax rate on bond and stock dividends
Replies: 3
Views: 473

TIPS etf

If I own a TIPS ETF (barclays ishares) and interest rates increase significantly is it possible for me to lose money. I am assuming inflation will increase if interest rates increase and that is why I should own TIPS in the first place.
by peanutbuddy
Sat Jan 12, 2013 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS etf
Replies: 4
Views: 623

Re: Am I paying Vang. money market (VMMXX) to hold my money?

below is a footnote attached to the expense ratio on page 1 of the prospectus for VMMXX - vanguard representatives tell me this ensures you are not currently being charged for holding money in the fund. This is the response I was given when I asked vanguard the question - can anyone else confirm thi...
by peanutbuddy
Sat Dec 22, 2012 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: Am I paying Vang. money market (VMMXX) to hold my money?
Replies: 44
Views: 6538

Re: ETFs or Mutual Funds?

If I buy the ETF instead of the mutual fund am I going to see the same approximate returns (within 1% or 2%) after five years that I would have seen with the mutual fund??
by peanutbuddy
Wed Dec 05, 2012 9:48 am
 
Forum: Investing - Theory, News & General
Topic: ETFs or Mutual Funds?
Replies: 13
Views: 1177

dollar cost averaging

I am going to invest lump sums of $150,000 in vanguard total stock and $150,000 in vanguard total bond. I have read opinions both ways - some saying dollar cost averaging is the best method to use for such an investment and others saying it really doesn't matter - just invest it all at one time. I h...
by peanutbuddy
Tue Dec 04, 2012 9:02 am
 
Forum: Investing - Help with Personal Investments
Topic: dollar cost averaging
Replies: 18
Views: 1003

3 fund portfolio

I have been researching investment options for $350,000 in IRA money (currently in a CD about to mature) and found this website about a month ago. I have been looking at the postings daily and researching the index fund philosophy. I have posted a portfolio question on this website previously and go...
by peanutbuddy
Sun Nov 25, 2012 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio
Replies: 4
Views: 733

Re: retiree portfolio

As others have said, going from all cash to a 50/50 split is a big step. Nothing wrong with allocating some to equities, but I would take it slow and easy. I would dollar cost average in over a period of time. Maybe 12-24 months. The last thing you want is to get spooked out of stocks right after a...
by peanutbuddy
Tue Nov 13, 2012 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: retiree portfolio
Replies: 14
Views: 1678

Re: retiree portfolio

the primary reason from going all cash to stocks/bonds is the low interest rate on CD's for the for the foreseeable future and impending inflation. I plan to keep other funds in CD's as a backup.
by peanutbuddy
Mon Nov 12, 2012 6:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: retiree portfolio
Replies: 14
Views: 1678

retiree portfolio

My wife and are both retired (She is 55 and I am 59). We own our home, have no debt and live on our pensions for now. We have $500,000 in CD's that will mature in the next six months ($250,00 IRA and $250,000 after tax) and plan to invest it in equities and stocks starting next year. We are both ver...
by peanutbuddy
Mon Nov 12, 2012 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: retiree portfolio
Replies: 14
Views: 1678

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