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Re: Portfolio Review. 25 MILLION windfall; help me not lose

With a portfolio of $25 or $35M there's no reason you need to stick with non state specific muni funds or an untailored portfolio. You can and should find a professional firm who will build a custom portfolio of individual securities for 20-30 bps. In addition, and much more important that portfolio...
by sjelen
Sun Dec 30, 2012 9:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review. 25 MILLION windfall; help me not lose it
Replies: 58
Views: 11829

Re: Concerns about financial planner for my parents

If the advisor is a TIAA-CREF employee, then they do not work on commission. Similar to what Umfundi has already stated, their pay consists of: Salary, a very good company contribution to 401k/403b accounts, and a bonus once a year based upon performance of the company. There are some things that h...
by sjelen
Sun Dec 30, 2012 1:57 am
 
Forum: Investing - Theory, News & General
Topic: Concerns about financial planner for my parents
Replies: 21
Views: 1595

Re: Concerns about financial planner for my parents

I really don't know anything about TIAA CREF other than my close friend, so I don't know if they're good/bad, but on the surface it looks a lot like Vanguard. I called him tonight based on the comments above to ask for clarification (I caught him headed to sleep - he's 3 hrs later on the east coast ...
by sjelen
Sun Dec 30, 2012 1:47 am
 
Forum: Investing - Theory, News & General
Topic: Concerns about financial planner for my parents
Replies: 21
Views: 1595

Re: Concerns about financial planner for my parents

Thanks! I don't know the details since it was just a personal chat with an old friend where we both talked about how business is going. He seemed to like the change. From what I can tell my parents investments are just "fine" the way they are, low ERs, etc. But what I do know is that he no...
by sjelen
Sat Dec 29, 2012 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Concerns about financial planner for my parents
Replies: 21
Views: 1595

Concerns about financial planner for my parents

Hi All! I've enjoyed reading so much of the wonderful info on this board for several years. I'm pleased to sign up and start posting some questions. This first post, however, happens to be a concern triggered by a conversation with my parents advisor. I generally stay away from this discussion with ...
by sjelen
Fri Dec 28, 2012 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: Concerns about financial planner for my parents
Replies: 21
Views: 1595

Re: Donations for RMD

I don't believe it's been extended but it's anticipated it will be. And if someone uses this provision and it's not eventually extended, there's no negative consequence.
by sjelen
Fri Dec 28, 2012 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donations for RMD
Replies: 8
Views: 480

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