Search found 17 matches

by DorchesterMa
Sat Dec 09, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 36
Views: 2030

Re: If you use EE Bonds, what did drive your decision

I invested in Vanguard Total Bond Market Index Fund Admiral Shares in May 2016. The account is still showing a long term capital loss of $3,348.86. Call me stupid but I don't like having losses when it comes to bonds. My wife and I started a EE Bond ladder in 2016 and we listed our 2 adult children ...
by DorchesterMa
Wed Aug 30, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: SalemFiveDirect
Replies: 4
Views: 378

Re: SalemFiveDirect

Please Google Salem Five Direct Reviews. There are a lot of negative reviews about fees, etc. My BIL had a CD with them a year or 2 ago and their early withdrawal penalty was extremely high. It was not just losing 6 months of interest, it was that plus 4% of the principal withdrawn. Also Google Sale...
by DorchesterMa
Sat Aug 19, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Best Book on Roth Conversions
Replies: 27
Views: 4134

Re: Best Book on Roth Conversions

I have read and referred to Ed Slott's book "The Retirement Savings Time Bomb... And How to Defuse it" and it is great. I have the 2012 Edition Revised and Updated for the New Tax Rules. A Google search reveals there is a 2017 edition. My advise is to get the 2017 edition. You can not do better than...
by DorchesterMa
Thu Jul 13, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds for kids
Replies: 1
Views: 270

Re: EE bonds for kids

You can purchase $10,000 per individual per year. You must have social security numbers for the kids. There is no work requirement.
Good luck! :D
by DorchesterMa
Tue Jun 20, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2015

Re: Allianz Vision Deferred Variable Annuity

I am going to follow the adage: Better to remain silent and thought a fool than to speak and remove all doubt. I really am learning a lot from this post and I appreciate everyone's input. I know that you are all trying to give the best advice on what was a bad purchase and how to minimize the damage...
by DorchesterMa
Mon Jun 19, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2015

Re: Allianz Vision Deferred Variable Annuity

Nedsaid wrote: Did brother-in-law get ripped off? Not necessarily. He has a guaranteed withdrawal of $7,020 in 2018 for the rest of his life even if he exhausts his investment from those guaranteed withdrawals. My guess is that it would take him 17 years or so to exhaust his principal. If BIL has a...
by DorchesterMa
Mon Jun 19, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2015

Re: Allianz Vision Deferred Variable Annuity

itstoomuch wrote: Looking at Vanguard's offering, their payout is 4.0% at age 65. https://personal.vanguard.com/us/whatwe ... al-benefit They have a nice explanation since this is essentially a Vanguard site. hint: Investigate current SPIA at age 65, if there is no legacy motive. Thank you very muc...
by DorchesterMa
Mon Jun 19, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2015

Re: Allianz Vision Deferred Variable Annuity

Nedsaid wrote: There is another thread where a poster had us analyze his brother-in-law's variable annuity. Very similar to your scenario. I spent a lot of time analyzing that annuity. See if you can find it and probably a lot that is there will apply to you. I found the post about TransAmerica GLW...
by DorchesterMa
Sun Jun 18, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2015

Allianz Vision Deferred Variable Annuity

My Brother in law (BIL) is a single male 64 years of age no children. He was sold an Allianz Vision Deferred Variable Annuity by a financial broker in March of 2011. He is in the 0% Federal tax bracket. Here are the current values of the annuity as of 6/15/17: Date Purchased: 3/3/2011 Total Premium:...
by DorchesterMa
Thu Mar 30, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: EE bonds vs F or G Fund vs Total Bond
Replies: 57
Views: 3970

Re: EE bonds vs F or G Fund vs Total Bond

I like EE Bonds because: 1) They are tax free for state income tax. 2) Tax deferred for federal tax until I cash them in. I liken the tax deferral to bonds in a traditional IRA. 3) I invested $200,000 in the Vanguard Total Bond Market Index in May 2016 and as of today I have an unrealized capital lo...
by DorchesterMa
Fri Feb 10, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on rental income.
Replies: 10
Views: 922

Re: Tax on rental income.

The 2016 tax brackets for married filing jointly shows that the 28% bracket is for taxable income between $151,900 and $231,450. So it looks like your rental Income would be taxed at the 28% level. Is the $15,000 in rental income net of expenses and depreciation? If not, deduct the rental expenses a...
by DorchesterMa
Thu Sep 08, 2016 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Career Change Did I Make The Right Move?
Replies: 14
Views: 2352

Re: Career Change Did I Make The Right Move?

You made the right move. Your job cannot be outsourced to India or China. Once you become a journeyman think of rental property. Guys in the trades make good landlords because they can do the repairs themselves and save a ton of money. You can start your own business. You have a lot more options and...
by DorchesterMa
Sun Jul 31, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 8055

Re: has anyone wished they worked one or two more years

"TheTimeLord wrote: The concept you can't enjoy family, friends, pets or God because you have a job makes no sense. Even more difficult to accept is you can't do good deeds with a steady paycheck. If you are miserable in your work life I don't disagree you need a change but there are a lot of p...
by DorchesterMa
Sat Jul 30, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 8055

Re: has anyone wished they worked one or two more years

On one's deathbed, no one ever said that they wished they spent more time at the office. I retired at 58, in excellent health, no prescriptions, never smoked, good weight and blood pressure. Two years in to retirement, diagnosed with stage 4 lymphoma. I am one of the lucky ones. It is in remission. ...
by DorchesterMa
Sun Jun 05, 2016 1:07 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott's Retirement Roadmap 2016 -- who's pledged?
Replies: 17
Views: 6158

Re: Ed Slott's Retirement Roadmap 2016 -- who's pledged?

I watched the 2013 program on PBS and pledged then. It was short money for what it taught me. I wish I had seen something like this years ago. I was and still am very impressed with Ed Slott's program. It started me thinking about retirement and investing which led me to this great forum. Ed is big ...
by DorchesterMa
Thu Apr 07, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy
Replies: 32
Views: 4102

Re: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy

If you open your eyes and your mind up, Ed Slott can teach you a lot about IRA's and save you a ton of money. He is not a scammer, he is a CPA who knows a lot about IRA's and he is a big proponent of the Roth IRA. I am converting my traditional IRA's and my Thrift Savings to a Roth and here is why. ...
by DorchesterMa
Tue Jan 12, 2016 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Advisor wants to convert TSP to ?
Replies: 64
Views: 7491

Re: Advisor wants to convert TSP to ?

I am a retired federal employee with 31 years in federal law enforcement. Our agency had one of these 'experts' speak to those of us who were near retirement. The guy was salivating thinking of getting his hands on our Thrift Savings Plan. If your wife thinks that your agency would only have reputab...