Search found 20 matches

by Edward Joseph
Tue Dec 12, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1368

Re: NBA Tickets

I've found flashseats.com to be the best site for tickets. Not every team or venue is associated with them though.
by Edward Joseph
Tue Nov 21, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12152

Re: Help DW gets fired, but then next day her boss offers her job back

If your wife stays at a 75% pay reduction, would her boss really go out and try to find a replacement for her? Is he trying to pay that role even less? Since your wife wants to work (and you need the money) I would take the paycut but actively look for a different job. She may end up finding somethi...
by Edward Joseph
Sat Nov 18, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

I think this is the right prospectus. http://vpx.newriver.com/GetContract1.asp?clientid=nwvpx&fundid=63890A173 The minimum benefit base after ten years is about $170k; 100k + 10 * 7k. It would only go higher when the Contract Value goes above $170k on a contract anniversary. That is not likely to h...
by Edward Joseph
Fri Nov 17, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 70
Views: 5148

Re: My dad's army jacket

One possibly is to have it framed and hung in your home with all the insignia and patches. This was my thought. I'm not a vet and I'm not here to pass judgement about "disrespect" but I think it would be a lot more interesting to have it in your home somehow as a conversation piece with all the ins...
by Edward Joseph
Fri Nov 17, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

My further insight... This withdrawal rate is way too low. You included withdrawal tables that had them at 5%. (It may be 4.90% for Joint lives.) Did they take a withdrawal already at some point? If so, that would lock them into a lower payband (3.50% perhaps). The guaranteed Income Base after 10 y...
by Edward Joseph
Fri Nov 17, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

Thank you everyone for your help thus far! Okay now for the wrap up, which I will add to the OP: -Nationwide Destination B 2.0 variable annuity, Lifetime Income Joint Rider (7%) -Parents purchased $100,000 in October 2012 at age 54, currently age 59 -Can cash out after 7 years, >age 59 1/2, but sub...
by Edward Joseph
Thu Nov 16, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

Dang it, found one more "too good to be true" question: Death benefit - I assume when you start taking withdrawls, they will be deducted from the death benefit? Its not like you could take 30 years worth of withdrawls at say 4.5%, get annual market adjusted base increases, AND then get your base pa...
by Edward Joseph
Thu Nov 16, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

You didn't mention what the current contract value is therefore it's tough to tell how well it's performing relative to the 7% simple interest growth. Remember, the 7% is applied to the protected Income Base, not the contract value. If the market continues upward, they don't need the 7%. They can j...
by Edward Joseph
Thu Nov 16, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

Thank you all for your feedback thus far! My biggest issue is the lack of consistency in language throughout this document. It makes it incredibly difficult to determine what the heck each section is talking about! I think I have found the section that would determine payout: "Lifetime Withdrawl Pe...
by Edward Joseph
Thu Nov 16, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

You may want to consider a 1031 tax free exchange into the low cost Vanguard Variable Annuity, if keeping the variable annuity is something your parent's want to do. That would defer the gains even longer, but at a much reduced expense. Vanguard has a handy calculator that will compare the cost of ...
by Edward Joseph
Thu Nov 16, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1959

Re: Variable Annuity Help - Parent's finances

1) Yes. After 7 years you can walk away with the contract value (surrender value) penalty free. 2) Incorrect. The protected Income Base is growing by 7% simple interest NET of fees. You DO NOT deduct the fees from the 7% growth. Obviously, the fees create "drag" on the performance of the investments...
by Edward Joseph
Tue Nov 07, 2017 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest home downpayment which I am not certain when to buy if ever?!
Replies: 62
Views: 3573

Re: Where to invest home downpayment which I am not certain when to buy if ever?!

This is not my emergency fund but I do have a pile of money stashed away for a potential down payment in 1-3 years. Bear in mind this portfolio can lose 8-10% potentially in a year (max drawdown '08-'09). My emergency fund is at Ally Bank at 1.25%. 20% Total Stock Mkt (VTI) 35% Total Bond Market (BN...
by Edward Joseph
Tue Oct 31, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Have mother-in-law pay for mortgage?
Replies: 32
Views: 2646

Re: Have mother-in-law pay for mortgage?

I know a young woman who did this with her parents. I don't have the exact details but the parents (bank) had to set up an LLC or some sort of corporation in order for the interest that the daughter (homeowner) pays to the parents be deductible on her taxes. Also, the parents had to pay income tax a...
by Edward Joseph
Wed Sep 20, 2017 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Help in understanding annuity benefit base, free amount, etc.
Replies: 8
Views: 847

Re: Help in understanding annuity benefit base, free amount, etc.

Is the $624k an Income Benefit Base or a Death Benefit Base? Is the $448k the TOTAL contract value? If so, doing the FULL withdrawal will typically void and eliminate the entire contract. If $448k is only a partial withdrawal of contract value and the annuity company reduces the Benefit Bases on a d...
by Edward Joseph
Sat Aug 19, 2017 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Help crossing the finish line - Drawdown portfolio
Replies: 10
Views: 1552

Re: Help crossing the finish line - Drawdown portfolio

Are you planning on instituting this draw-down plan right now or at retirement? (Maybe you're retiring now.) Because you can't access the 401k/IRA at your age without a 10% penalty. If you systematically withdraw $100k off only your non-retirement assets starting now, it ends up being a 4% SWR which...
by Edward Joseph
Wed Aug 16, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: NEW at investing, looking for advice (35K)
Replies: 5
Views: 466

Re: NEW at investing, looking for advice (35K)

The first question any Advisor would ask is, "how long until you need to get your hands on the money"? Time horizon is one of the biggest determinants of investing strategy. Also, how are you meeting your living expenses currently with no consistent income? Student loans? Will you have a large loan ...
by Edward Joseph
Sat Aug 12, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Tracking VG Muni Fund-indices intraday?
Replies: 4
Views: 371

Re: Tracking VG Muni Fund-indices intraday?

Ok. Thanks! Good to know. I'm probably overthinking things, anyway.
by Edward Joseph
Fri Aug 11, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Tracking VG Muni Fund-indices intraday?
Replies: 4
Views: 371

Re: Tracking VG Muni Fund-indices intraday?

I don't have a huge need to see daily fluctuations. When there's big news or market events I sometimes just like to see how things move in relation to my equity positions for diversification purposes. Also, I'm buy and hold so I'm not trying to time anything (not that you can anyway with mutual fund...
by Edward Joseph
Fri Aug 11, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Tracking VG Muni Fund-indices intraday?
Replies: 4
Views: 371

Tracking VG Muni Fund-indices intraday?

I'm a long time Boglehead but first time poster. One of the reasons I like etfs is because I can monitor movements in value during the course of the trading day. I also own Vanguards Intermediate Term Tax Exempt Fund (VWIUX, VWITX) and the Limited Term Tax Exempt Fund (VMLUX, VMLTX) because VG's etf...