Search found 78 matches

by bill88
Thu Aug 11, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Bill, I have succeeded in my objective of stimulating your thinking and laying out a framework by which you can try to understand this product. I also tried to give you some ways of doing rough comparisons but as you can see everything is a moving target. But it is what it is. I am very confident t...
by bill88
Thu Aug 11, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Bill, changing the allocation now will not help much, at this time, towards retirement income. Allocation will affect any remainder for liquidation/death benefit. Why? One of nuances of the GLWB is When you make the allocation and in What. Currently the Actual acct is $218,992. The Income Acct is $...
by bill88
Thu Aug 11, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Thanks, rrppve. That's another one of those moving parts. :shock: If BIL changes the underlying fund to a somewhat more aggressive offering, my guess is the expenses go up. Cheers, Bill Your BIL's CPA ought to be able to do some calculations for him but I bet that BIL can do it himself. Probably no...
by bill88
Wed Aug 10, 2016 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Be careful on including the 1.31% Acquired fund fees and expenses. They're really not fund expenses, but rather expenses incurred by some of the holdings in the portfolio. Annuities are complicated. It's hard to understand what they are really worth given the complex contracts. Thanks, rrppve. That...
by bill88
Wed Aug 10, 2016 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

------------------------- Expense ratio & fees: 0.20% Management fees 0.25% Distribution and service (12b-1) fees 0.08% Other expenses 1.31% Acquired fund fees and expenses ====================== 1.84% Total annual fund operating expenses —————————————————— 1.25% GLWB Rider (% of 'Total Withdra...
by bill88
Wed Aug 10, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Well, it is what it is. BIL (and SIL) I think mainly wanted to 'pension-ize' a chunk of their investment portfolio, to provide a reliable, predictable stream of income in retirement -- maybe 7 years from now, when the annual 5% bumps to Total Withdrawal Base end. BIL will be 67 then, and with luck, ...
by bill88
Wed Aug 10, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

More numbers... (reading from BIL's L-Shares prospectus, and not the current May 2016 L-Shares prospectus posted online at the Transamerica site, for prospective new customers) 1.35% Mortality and Expense Risk Fee (same as online). I'm assuming this fee is separate from and in addition to the other...
by bill88
Tue Aug 09, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

Bill88, giving this another bump hoping that others will respond. I actually would like to hear back. Best wishes, Ned. Thanks, Ned. Will do. But am still digesting all your good info, and from itstoomuch as well. And the prospectus and Transamerica site. Starting to get a better idea of how it wor...
by bill88
Sun Aug 07, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

It really boils down to a question of whether the guaranteed lifetime withdrawals are worth the extra fees. Good question. And I'd welcome any comments on that. I'd also welcome any thoughts on whether a transfer to Vanguard makes sense. And am I reading the numbers right? In that his current Withd...
by bill88
Sun Aug 07, 2016 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Re: Transamerica GLWB Annuity - transfer to Vanguard?

nedsaid, thanks for the bump! I don't think it's two annuities; it seems to be just the one annuity with one sub account in a Vanguard ETF. But I could be wrong; will ask BIL. He can withdraw without penalty at the end of the fourth year from the last deposit. He'll wait. :annoyed But it looks like ...
by bill88
Sat Aug 06, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica GLWB Annuity - transfer to Vanguard?
Replies: 31
Views: 1799

Transamerica GLWB Annuity - transfer to Vanguard?

Brother-in-law (BIL) bought a GLWB annuity (Transamerica) from MorganStanley 3 yrs. ago at age 57.  It's about 1/4 of his (and spouse's) investment assets/retirement nest egg -- most in 401s, IRAs, and a bit in Roths. Wife will have a $14,500/yr. pension. Other than that, no pensions except Social S...
by bill88
Sat Apr 09, 2016 9:38 pm
Forum: Personal Consumer Issues
Topic: Dallas suburbs or Northern Virginia for me?
Replies: 87
Views: 6445

Re: Dallas suburbs or Northern Virginia for me?

I was a little shocked to read these articles. How can one of the wealthiest counties in the country like Fairfax with the median family income of 110K have no money to fix a broken bridge or a crack that is a safety hazard on a playground? And why did the number of residents below the federal pove...
by bill88
Sat Mar 26, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

Re: MedicareRX - pricing biologics

It's frustrating if you want plan for how much to spend or verifying that the pharmacy didn't make a billing error. It's a negotiation. :-) The first time we called the health insurance company, they quoted about $366 a month, for a 3-month prescription. Discussed again with rheumatologist; called ...
by bill88
Sat Mar 26, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

Re: MedicareRX - pricing biologics

PS: I don't recommend halving the dosing without the ok of the rheumatologist. There is no point in paying for the drug if a half dose is too weak to work. A common misconception about drugs is that if one pill works, two pills work twice as well and that's almost never the case. Messing with the d...
by bill88
Thu Mar 24, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

Re: MedicareRX - pricing biologics

Go to the website of the manufacturer of this drug and see if they have any payment assistance plans. Many of them offer large subsidies directly for biologics. I don't know about the manufacturer of Orencia, but this is the case for others that I am aware of. We've been checking. My impression is ...
by bill88
Thu Mar 24, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

Re: MedicareRX - pricing biologics

whaleknives wrote:The Medicare Plan Finder does list Orencia injections. That site will give you costs for stand-alone drug plans, and (I think) Advantage plans with drugs.


Thanks, I'm looking at it now. Hope springs eternal! :happy
by bill88
Thu Mar 24, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

Re: MedicareRX - pricing biologics

Well, the medical insurance system certainly has a big chunk of uncertainty, which makes planning and budgeting tough. Sorry to hear about your situation with UHC. We were stuck with them before Medicare, paying massive premiums which increased double digit every year. I thought once we were on Medi...
by bill88
Thu Mar 24, 2016 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1183

MedicareRX - pricing biologics

Wife has pretty heavy duty RA. Rheumatologist advises a biologic, Orencia. Got Orencia quote (injectables, not infusion): 3-month supply is $3,000 (round numbers), so $1,000 a month. That's 12 shots — one a week. My wife is thinking she might try every other week. That's $6k a year if she does every...
by bill88
Tue Feb 16, 2016 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring nondeductible IRA -- keep as separate account or add to rollover?
Replies: 2
Views: 233

Re: Transferring nondeductible IRA -- keep as separate account or add to rollover?

Thanks, Alan. Looking to retire soon, so situation #2 is highly unlikely. Need to consider the creditor protection issue, though. I 'think' we'd be mostly covered, given the numbers (and would hope and expect never to have to find out), but things don't always play out the way you think they will. W...
by bill88
Tue Feb 16, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring nondeductible IRA -- keep as separate account or add to rollover?
Replies: 2
Views: 233

Transferring nondeductible IRA -- keep as separate account or add to rollover?

Am transferring a small nondeductible IRA from Tweedy, Browne to Vanguard brokerage IRA (not Roth). I can transfer it to a new Vanguard IRA account, or to my rollover IRA brokerage account. Simplicity says to just add it to the existing rollover IRA account, but is there a reason to keep a nondeduct...
by bill88
Sat Feb 06, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1905

Re: upgrade OS on older MAC?

Both machines work flawlessly. Since you've got two Macs, you could keep the flawless 10.6.8 on your '08, and consider a newer OS on your '09. A split system is a bit of a nuisance, but you could keep your older software -- at least for a while -- while enjoying the new OS's benefits. 10.6.8 is (IM...
by bill88
Sat Jun 20, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

With an immediate annuity those high initial payments come at a price. If you live long enough, those payments won't match up to what you would get with a normal portfolio of bonds and stocks. If you live long enough that is likely to be just when you need more income than what the annuity pays at ...
by bill88
Fri Jun 19, 2015 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

formerly Bill99 When do you become Bill77? :wink: Well...my plan was, when WikiLeaks or Russian/Chinese/North Korean hackers penetrate my incredibly sophisticated password system, that's when I'd move to bill77. Oh, wait! You've spilled the beans!! Hmm...I may have to vaporize my computer system (s...
by bill88
Fri Jun 19, 2015 12:08 am
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

Bill, I think your aunt needs a different perspective on her situation. I'm assuming the portfolio is pretty much the same as what you posted last year, but you should update a bit of the cash amount is now lower. Aunt A wants 65k/ year and also wants to protect money for heirs. Aunt has ~2M, and a...
by bill88
Thu Jun 18, 2015 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

Perhaps she could use that $30k to pay for the drug and 20% medigap (or Medicare Advantage which might be cheaper and closer to what she has now) for a lot of years. I am just suggesting this as keeping a special pot for this in her mind, because it really doesn't matter what pot it comes out of. (...
by bill88
Thu Jun 18, 2015 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: More income for my 78 yr. old aunt
Replies: 32
Views: 5774

Re: Vanguard Personal Advisor Service

Bill: If this were my Aunt, I would not attempt to tell her how to invest her money--especially when she sets conditions such as "she won't sell her stocks," "she want's her money to work harder." etc.. There are multiple changes you could recommend with many involving tax-conse...
by bill88
Thu Jun 18, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: More income for my 78 yr. old aunt
Replies: 32
Views: 5774

Re: More income for my 78 yr. old aunt

$60,000 TOTAL $60,000 AXXA Equitable Annuity (Invested $63,000 (10 yrs. ago?); has withdrawn $13,000 over time, with $60,000 remaining. I think I have that right.) Perhaps this would do better if converted to a low cost SPIA (or even a lower cost variable annuity or other kind through V as I expect...
by bill88
Tue Jun 16, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: More income for my 78 yr. old aunt
Replies: 32
Views: 5774

Re: More income for my 78 yr. old aunt

I started to reply and then realised the opening post was in Jan 2014! Not sure why this one was revived. I think because I posted it as a link to her portfolio, to provide some context to the current discussion, titled SPIA or Vanguard fund for income at 80?, here: https://www.bogleheads.org/forum...
by bill88
Tue Jun 16, 2015 11:28 am
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

Does she have a favorite charity? If she still has those highly appreciated single stocks in her portfolio, she could contribute them to the charity and get a charitable annuity. That could be a very tax-efficient way for her to support the charity of her choice AND generate an income stream, plus ...
by bill88
Mon Jun 15, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

Setting up something for monthly or annual deposits to checking account should be relatively easy and any of the methods suggested would work. Unless she has MA with drug coverage or Medigap and Part D, perhaps the SPIA would be wise as that might be what remains if she is hit with expensive drug o...
by bill88
Sun Jun 14, 2015 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

Here's a rough look at Aunt A's portfolio, in a post a year and a half ago. Some modest changes, but still roughly the same...

viewtopic.php?f=1&t=129927

She and I have been discussing this a lot. :-) And, apparently, neither of us are quick decision-makers!
by bill88
Sun Jun 14, 2015 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

What will her income tax rate be in 10 years? She want to bump her income up from current $46k, by about another $65k, over time. Her assets are heavily in cash, lesser amounts in bonds and cds, and a chunk of legacy stocks from which she takes the distributions. Plus a very small Social Security. ...
by bill88
Sun Jun 14, 2015 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

If she has lots of assets including lots of cash then she doesn't need a SPIA. Insurance works best if u need the insurance. Agree. She could easily draw down on large assets, but prefers to preserve and even grow the bulk of them for heirs. Annuity appeal is getting a return of nearly 10% (even th...
by bill88
Sun Jun 14, 2015 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

If you eliminated that five year certain period you'd get a better payout. Gill Agree. Got these Vanguard phone quotes (thru Annuity Access, from Principal Financial [Vanguard 'shops' the policy to 4 or 5 A-rated companies to get the best rate] a few days ago... $856/mo. Lifetime with NO certain. $...
by bill88
Sun Jun 14, 2015 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

Re: SPIA or Vanguard fund for income at 80?

What will her income tax rate be in 10 years? Seems the operative questions are how she will meet living expenses and whether she wants to spend her money or leave it to heirs. I don't know her tax rate. Will find out, I hope. :-) She want to bump her income up from current $46k, by about another $...
by bill88
Sun Jun 14, 2015 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 4520

SPIA or Vanguard fund for income at 80?

My widowed Aunt A. (80 next month) wants more income. Lots of assets, including a ton of cash. Interested in annuities, so I had a long conversation with Vanguard's Annuity Dept. Got a quote for SPIA - Lifetime only with 5 year certain* , for my Aunt A., who turns 80 this July. Payout is $827/mo./$9...
by bill88
Sun Jun 14, 2015 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 61
Views: 8542

Re: Long term care insurance - Less than meets the eye

So far we have not heard from anyone who purchased in the last couple of years... I continue to look for a reason to buy one, without any luck. How about 3 years? :-) Bought mine in July 2012. For me only; wife uninsurable. (Maybe she would have been insurable if we had a group policy, like Feds or...
by bill88
Sat Jan 10, 2015 1:19 am
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 15
Views: 3122

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

Quick update for anyone else looking at Consumer Cellular. Got new unlocked TMobile iphones in the box at the Apple Store. Took 'em out, removed the TMobile SIM cards; carefully inserted the tiny Consumer Cellular (CC) nano SIM cards. Got my welcome packet from Consumer Cellular via hardcopy mail so...
by bill88
Sun Dec 21, 2014 12:49 am
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 15
Views: 3122

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

FWIW, Apple Store rep said they could set up an unlocked iPhone with CC SIM.
by bill88
Wed Dec 17, 2014 12:52 pm
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 15
Views: 3122

Re: Adding iPad to Consumer Cellular

Side question... If we go with CC for 2 iPhone 6's, they say we can add an iPad to the shared data plan for $10/mo. BUT -- the iPad we have now is a Verizon version. CC says it won't work. If we get a new iPad (Air 2), it looks like it can be configured for ANY carrier (SIM card?) -- Verizon, AT&...
by bill88
Tue Dec 16, 2014 1:09 pm
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 15
Views: 3122

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

Appreciate the feedback! The main reason I asked is that CC's phone reps said they couldn't be "100% sure" their SIM would work in my unlocked iPhone 6.

Pretty likely. Just not guaranteed. In which case, an $800 paperweight. :-)

Bill
by bill88
Tue Dec 16, 2014 10:53 am
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 15
Views: 3122

Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

Has anyone bought an unlocked (T-Mobile) iPhone 6 or 6 Plus from Apple, and then used it on Consumer Cellular's (CC) plans, with CC's provided SIM? If so, was the sign up and activation with CC pretty straightforward? Any glitches with CC's SIM card? Thanks for any advice, Bill P.S. I'd just as soon...
by bill88
Sun Jul 27, 2014 4:16 pm
Forum: Personal Consumer Issues
Topic: Florida Retirement Communities advice/thoughts
Replies: 30
Views: 5445

Re: Florida Retirement Communities advice/thoughts

Hi, Jim. I'm not sure how car "independent" you can be in a true age-restricted (55) Florida community. If you'll compromise on a golf cart, then in The Villages, you can get to most everything. And you may be able to golf cart to some shopping/doctors in some of the smaller (but still qui...
by bill88
Sun Jul 20, 2014 11:30 am
Forum: Personal Finance (Not Investing)
Topic: SPIA quotes from Vanguard
Replies: 8
Views: 1856

Re: SPIA quotes from Vanguard

Two things: What you are stating is not a true "return" of 8.8%. If you go for this option and the insured dies at the 10 year period (meeting the contract), the actual return is -2.12%, (in negative territory, not even considering inflation). However, each month payments continue, the re...
by bill88
Fri Jul 18, 2014 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: SPIA quotes from Vanguard
Replies: 8
Views: 1856

SPIA quotes from Vanguard

If anyone is considering a SPIA annuity, I thought I'd share the quote I got, and part of the following explanatory email to my aunt from my recent chat with Vanguard's Annuity Dept. The annuity would be for my 79 yr. old aunt in NC. (See original post http://www.bogleheads.org/forum/viewtopic.php?f...
by bill88
Fri Jul 18, 2014 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: SS Restricted Application - wait to file until my FRA?
Replies: 2
Views: 529

Re: SS Restricted Application - wait to file until my FRA?

Thanks, sscritic. That makes sense. :-)

Bill
by bill88
Fri Jul 18, 2014 11:58 am
Forum: Personal Finance (Not Investing)
Topic: SS Restricted Application - wait to file until my FRA?
Replies: 2
Views: 529

SS Restricted Application - wait to file until my FRA?

Do I understand this correctly -- that to file a restricted application for a spousal benefit, I must wait until the date I reach my FRA before filing? I.e., if I file for a spousal benefit before then — even a month early — I would automatically be deemed to have filed for my own retirement benefit...
by bill88
Sun Feb 09, 2014 12:15 am
Forum: Personal Consumer Issues
Topic: Contact Manager (Mac) to replace Now Contact??
Replies: 3
Views: 475

Re: Contact Manager (Mac) to replace Now Contact??

Definitely just use the built in address book. -- Tet Hi, Tet. The built in address book is not bad for a straight contacts list, auto-sync in iCloud, and I like the price. :happy But I was hoping to find something with a bit more horsepower. Bit less minimalist, a bit more of a structured format/t...
by bill88
Sat Feb 08, 2014 1:26 pm
Forum: Personal Consumer Issues
Topic: Contact Manager (Mac) to replace Now Contact??
Replies: 3
Views: 475

Contact Manager (Mac) to replace Now Contact??

Love it, but won' t work on my new Mac with OSX 10.9.

Any old Mac Now Contact users here? If so, what have you found to replace it?

Thanks,
Bill
by bill88
Wed Jan 22, 2014 4:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 28127

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Big number! All the best on your birthday, Taylor.

Best regards,
Bill

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