Search found 196 matches

by CWRadio
Fri Feb 05, 2016 9:31 am
Forum: Investing - Help with Personal Investments
Topic: When should you purchase a SPIA?
Replies: 3
Views: 263

When should you purchase a SPIA?

I need help understanding when you should purchase a SPIA. For example: I am 70 and my wife is 68. Both in good health. I need $78,000 a year to live on. I get $38,000 from SS and pension. So I need additional $40,000 from my investments plus inflation to the end of our life. If any money is left th...
by CWRadio
Sat Jan 30, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Fixed Annuities
Replies: 45
Views: 2599

Re: Immediate Fixed Annuities

Just to add to the conversation the New York Times had an article yesterday on SPIA.
Annuities as an Alternative to Shaky Markets? Not So Fast
http://www.nytimes.com/2016/01/30/your-money/annuities-as-an-alternative-to-shaky-markets-not-so-fast.html

Paul
by CWRadio
Mon Nov 30, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bank CDs in a Revocable Living Trust
Replies: 10
Views: 820

Re: Bank CDs in a Revocable Living Trust

Thanks for the advice. I will try to use my dads SS number to transfer the two CDs in trust. Also no penalties. Paul
by CWRadio
Sun Nov 29, 2015 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bank CDs in a Revocable Living Trust
Replies: 10
Views: 820

Bank CDs in a Revocable Living Trust

My dad recently died at age 97. He left my sister and I four bank CD's. No other assets. I am the Trustee. Two CD are payable on death and the other two are in his Revocable Living Trust. My question before I go to the bank is how to I liquidate the two CD's that are in the trust. Do I need a tax EI...
by CWRadio
Tue Nov 17, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance
Replies: 53
Views: 4589

Re: Dental Insurance

Is it a discount card or insurance? I have a Delta discount that cost me $80 a year.
Paul
by CWRadio
Sun Nov 15, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Is The Vanguard Balanced Index Fund All One Needs?
Replies: 40
Views: 4741

Re: Is The Vanguard Balanced Index Fund All One Needs?

If the balanced fund is in a IRA and you are required to do RMD you may have a problem when the market is down. See article in Morningstar For Retirement Cash Flow, All-in-One Investments May Not Fit the Bill http://investors.morningstar.com/news/cmsAcontent.html?t=DODBX&resourceId=632297&sr...
by CWRadio
Tue Oct 06, 2015 1:42 pm
Forum: Investing - Theory, News & General
Topic: Whom do you purchase a SPIA from?
Replies: 2
Views: 590

Whom do you purchase a SPIA from?

I have found Integrity Life SPIA ranges from $508 to $518 a month for $100,000 payment. Intergrity SPIA has the best deal with the best credit rating for the price. My question: Does it matter if you buy the Intergrity SPIA from Vanguard, Fidelity, interdependent broker, Stan the Annuity Man, or imm...
by CWRadio
Thu Sep 10, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Medigap companies
Replies: 2
Views: 254

Switching Medigap companies

Can you switch Medicare Medigap (Supplement ) plans with a different company without medical underwriting? I understand that the state of California allow you to change plans or companies on your birthday. Does anyone know of other way to change plans and companies without medical underwriting? Than...
by CWRadio
Sat Aug 22, 2015 9:23 am
Forum: Investing - Theory, News & General
Topic: Buying a SPIA Joint Life or 2 Single Life SPIAs
Replies: 7
Views: 512

Buying a SPIA Joint Life or 2 Single Life SPIAs

What are the pros and cons of buying a Joint Life or 2 Single Life SPIA from a IRA? Example. I am 70 an my wife is 67 and I buy a joint life SPIA for $100,000 or buy 2 single life SPIA for $50,000 each. Joint Life $100,000 payed gets about $513 a month Single life for wife $50,000 payed gets about $...
by CWRadio
Sun Aug 09, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Prepaid Cell Plan USA
Replies: 35
Views: 3673

Re: Prepaid Cell Plan USA for iPhone

Can I buy a new iPhone and only use it for calls and text. It is for my grandson and his parent only went him to use text or phone calls away from the home. OK to wifi at home. Any advice on plans that offer what I am looking for? Thanks Paul
by CWRadio
Thu Aug 06, 2015 6:23 am
Forum: Investing - Theory, News & General
Topic: Pfau: Why Bond Funds Don't Belong in Retirement Portfolios
Replies: 119
Views: 11304

Re: Pfau: Why Bond Funds Don't Belong in Retirement Portfolios

About to buy a Joint Life SPIA
I am looking for the lowest price with the best credit rating of the insurance company.
I checked Fidelity, Vanguard and immediateannuities.com.
Does anyone know of other resources that give better prices? Thanks Paul
by CWRadio
Wed Jul 29, 2015 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for lowest price of a SPIA
Replies: 4
Views: 718

Shopping for lowest price of a SPIA

About to buy a Joint Life Income (100% to the Survivor) SPIA. I am 70 and my wife is 68. I am looking for the lowest price with the best credit rating of the insurance company. I checked Fidelity, Vanguard and immediateannuities.com. Integrity Life SPIA ranges from $500 to $518 a month for $100,000 ...
by CWRadio
Thu Jul 23, 2015 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying SPIA
Replies: 3
Views: 474

Buying SPIA

I am planning to buy a joint and survival SPIA for $200,000. I am 70 and my wife is 68. My current portfolio is a IRA worth about 1 million dollars with a 45% allocation in equities funds (32% US 13% foreign) and 55% in bond funds ( 10% short term bond fund). My questions: From which funds do I take...
by CWRadio
Sun Jul 05, 2015 7:10 am
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 730
Views: 443954

Re: Spreadsheet for backtesting (includes TrevH's data)

I also would like to see your backtesing spreadsheet. Paul
by CWRadio
Fri Jul 03, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 54
Views: 6600

Re: Risks of RMD Withdrawal From A Single Fund IRA

If stocks are down, selling a TR fund doesn't necessarily mean that you're selling stocks. You're selling shares of the VTENX fund at NAV. That NAV represents the value of the stocks and bonds in the fund. If you had a portfolio of separate funds and stocks are down, your asset allocation plan woul...
by CWRadio
Fri Jul 03, 2015 8:40 am
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 17
Views: 1805

Re: Which Funds to Take RMD From

Thank you all for your comments, remarks and calculations. What started me on this journey was an article from Christine Benz called: For Retirement Cash Flow, All-in-One Investments May Not Fit the Bill It can be found at: http://investors.morningstar.com/news/cmsAcontent.html?t=DODBX&resourceI...
by CWRadio
Thu Jul 02, 2015 1:47 pm
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 17
Views: 1805

Which Funds to Take RMD From

I currently have the following $1,000,000 IRA three fund portfolio: VFSUX Vanguard Short-Term Bond Admiral Shares 35% $350,000 VTSAX Vanguard Total Stock Market Admiral Shares 45% $450,000 VFWAX Vanguard FTSE All-World ex-US Index Admiral 20% $200,000 The original portfolio allocation was 50% bond 3...
by CWRadio
Thu Jul 02, 2015 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 54
Views: 6600

Re: Risks of RMD Withdrawal From A Single Fund IRA

I found this article in MorningStart that talk about our concerns of withdrawal in a all in one fund: For Retirement Cash Flow, All-in-One Investments May Not Fit the Bill http://investors.morningstar.com/news/cmsAcontent.html?t=DODBX&resourceId=632297&src=Morningstar&date=01-30-2014&...
by CWRadio
Sun Jun 21, 2015 2:42 pm
Forum: Investing - Theory, News & General
Topic: Robo Advisor for people in retirement
Replies: 8
Views: 1753

Robo Advisor for people in retirement

What is the current thinking about using a Robo Advisor in retirement. The Robo Advisors needs to do RMD, monthly paychecks to checking account and re-balancing. I am interested in simplicity. I currently have VSCGX, Vanguard LifeStrategy Conservative fund (4 fund portfolio). Will a Robo Advisor do ...
by CWRadio
Thu Jun 18, 2015 9:48 am
Forum: Investing - Theory, News & General
Topic: SPDR Gold Trust (GLD)
Replies: 14
Views: 1535

SPDR Gold Trust (GLD)

Why is SPDR Gold Trust (GLD) up 1.20% today (Thur 10:45am)?
I am trying to understand how gold works. Thanks Paul
by CWRadio
Wed Jun 10, 2015 8:51 am
Forum: Investing - Theory, News & General
Topic: Substituting Income Annuities For Bond Funds in Retirement
Replies: 27
Views: 3097

Re: A Benefit of Life-Income Annuities

CWRadio: We purchased two Single Premium Immediate Annuities (SPIAs) in our early 80s. This allowed us to give our three children their inheritance before we die because we no longer worry about bear markets or running out of money. Our children are very grateful. Note: A SPIA provides the highest ...
by CWRadio
Tue Jun 09, 2015 9:18 am
Forum: Investing - Theory, News & General
Topic: Substituting Income Annuities For Bond Funds in Retirement
Replies: 27
Views: 3097

Substituting Income Annuities For Bond Funds in Retirement

Any comments on Dr Wade Pfau article: Substituting Income Annuities For Bond Funds in Retirement? I am interest on what others think of this strategy. Thanks Paul http://retirementresearcher.com/substituting-income-annuities-for-bond-funds-in-retirement/ Excerpt from an article http://www.fa-mag.com...
by CWRadio
Tue May 26, 2015 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Medicare supplemental insurance
Replies: 71
Views: 5967

Re: Medicare supplemental insurance

Has there been an discussion on how insurance companies set prices for Medigap policies?
Example: Community rated, Issue age rated and Attained age rated pricing.
How do you use the different pricing models in your decision to purchase a police? Thanks
by CWRadio
Fri May 15, 2015 6:41 pm
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 9636

Re: Best Asset Allocation if you've "won the game"

I really like the vanguard target retirement income fund. The nice thing about having it all in one fund is that you don't see the individual pieces moving which is easier on your psychology. If you want go the extra mile something like 90% vanguard retirement income and 10% gold is a pretty bullet...
by CWRadio
Thu May 14, 2015 8:11 am
Forum: Investing - Help with Personal Investments
Topic: How much in cash?
Replies: 35
Views: 4099

Re: How much in cash?

One thing I do wish to point out, as it seems to me to be another manifestation of a national trend toward risk-seeking. Up until about 15 years ago, it would have been conventional wisdom that any retirement or investment portfolio ought to include three major assets: stocks, bonds, and "shor...
by CWRadio
Thu May 14, 2015 7:12 am
Forum: Investing - Theory, News & General
Topic: Your Safety Net
Replies: 31
Views: 4549

Your Safety Net

In Jonathan Celements new book "Money Guide 2015" on page 21 (section 29) he talks about your safety net in retirement. Jonathan states, "to avoid the nightmare scenario, which many retires faced in 2008 and 2009, try dividing your portfolio in two parts." He suggests "consi...
by CWRadio
Fri May 08, 2015 8:46 pm
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan
Replies: 3
Views: 563

Medicare Supplement Plan

With all things being equal is better to buy a Medicare Supplement Plan with Issue age rated or Attained age rated pricing?
Are there other things to look at besides type of pricing? Example credit rating, etc.
Thanks
by CWRadio
Tue May 05, 2015 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: CD ladder at Ally - multiple durations or just one
Replies: 20
Views: 2925

Re: CD ladder at Ally - multiple durations or just one

If the CDs are in a IRA CD account can you remove RMD without any penalty? Thanks
by CWRadio
Tue May 05, 2015 4:13 pm
Forum: Personal Consumer Issues
Topic: Carpet cleaning
Replies: 3
Views: 597

Carpet cleaning

Why does the same areas of carpet always get dirty a few month after professorial cleaning and Scotchgarding?
The carpet is 8 years old Berber, we were slippers in the house, no pets and no children, we are retired. Thanks..
by CWRadio
Sun May 03, 2015 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Wellseley VWINX - for a conservative investor mid 30s.
Replies: 16
Views: 2219

Re: Wellseley VWINX - for a conservative investor mid 30s.

Do you think the average duration of 6.2 years could be a problem with this fund if interest rate start to move up? Thanks
by CWRadio
Sat May 02, 2015 8:00 pm
Forum: Investing - Theory, News & General
Topic: VTIP fluctuation
Replies: 2
Views: 566

Re: VTIP fluctuation

Thanks #Cruncher .
I think I finally understand how TIP ETF work.
by CWRadio
Sat May 02, 2015 5:52 am
Forum: Investing - Theory, News & General
Topic: VTIP fluctuation
Replies: 2
Views: 566

VTIP fluctuation

What causes the NAV of VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) to fluctuate?
Example, if inflation goes up 1% does the NAV of VTIP go down or up? If interest rate go up will the NAV go down or up? Thanks
by CWRadio
Sat May 02, 2015 5:46 am
Forum: Investing - Theory, News & General
Topic: Medicaid compliant SPIA
Replies: 2
Views: 621

Re: Medicaid compliant SPIA

Thanks skepticalobserver for your reply.
Nolo Law's had the answer for me. Paul
by CWRadio
Fri Apr 24, 2015 9:17 am
Forum: Investing - Theory, News & General
Topic: Medicaid compliant SPIA
Replies: 2
Views: 621

Medicaid compliant SPIA

What is a Medicaid compliant SPIA?
What are the differences between a Medicaid compliant SPIA and a non Medicaid compliant SPIA? Thanks
by CWRadio
Thu Apr 23, 2015 8:42 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 65973

Re: Schwab Intelligent Portfolios [now live]

tj wrote:Its interesting that only 20% of the accounts are new clients. That means they are heavily marketing it to their existing clients.

What percent are in retirement and taking money out of the portfolio?
by CWRadio
Sun Apr 19, 2015 7:27 pm
Forum: Personal Consumer Issues
Topic: Overinflating Tires
Replies: 31
Views: 3431

Re: Overinflating Tires

Any advice on a good tire pressure gauge?
by CWRadio
Sun Apr 19, 2015 9:28 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 65973

Re: Schwab Intelligent Portfolios [now live]

How does the performance compare of US large" vs. US large - Fundamental?
by CWRadio
Sat Apr 18, 2015 10:12 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 65973

Re: Schwab Intelligent Portfolios [now live]

Been following the posts about SIP. I have a question I posted but unable to get a good answer. I am retired ( age 70) and plan on opening a conservative SIP account. I would like to set up the SIP account to pay me a monthly pay check of $2500. How does Schwab do this? Do they re balance each month...
by CWRadio
Mon Apr 13, 2015 7:31 am
Forum: Investing - Theory, News & General
Topic: My expanded interview w/ Barry Ritholtz of Bloomberg Radio
Replies: 10
Views: 2196

Re: My expanded interview w/ Barry Ritholtz of Bloomberg Rad

Rick enjoyed your podcast on Bloomberg Radio.
Can you share your thinking about your up coming robo adviser products as it pertains to someone that is in retirement and taking money out of a robo portfolio. Thanks
by CWRadio
Thu Mar 19, 2015 10:36 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 65973

Re: Schwab Intelligent Portfolios [now live]

I am retired and want income for expenses from my SIP.
Will the SIP generate a monthly paycheck and put the money into my checking account? Thanks
by CWRadio
Mon Feb 23, 2015 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: What are the Admiral shares? [Portfolio help]
Replies: 50
Views: 4234

Re: What are the Admiral shares?

Can you please explain why the NAV of Wellesley income fund is different for Admiral shares ($62.59) as compared to Investor shares ($25.83)? Thanks Paul
by CWRadio
Sun Feb 22, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5947

Re: Shouldn't bond fund holders celebrate if rates go up?

Thanks ogd and music_man.
I get it now. Paul
by CWRadio
Sun Feb 22, 2015 8:04 am
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5947

Re: Shouldn't bond fund holders celebrate if rates go up?

I need addition clarification. If I purchase a bond fund with a duration of 5 year (current interest rate of 2%) and the NAV of the bond fund is $10. If interest rates go up 2% and I never reinvest the interest from the bond fund ( I take it out) will the NAV ever recover to my purchase price of $10...
by CWRadio
Tue Feb 17, 2015 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance?
Replies: 38
Views: 3831

Re: Dental Insurance?

Can a dentist that has a contract with MetLife or Delta legally offer a lower price to a cash customer? Thanks
by CWRadio
Thu Jan 22, 2015 7:45 pm
Forum: Investing - Theory, News & General
Topic: International Bond funds
Replies: 1
Views: 461

International Bond funds

How will the recent announcement of the European Central Bank launching a landmark bond-buying program effect the International Bond market mutual funds? Does this cause the fund to increase or decrease in NAV? Thanks Paul
by CWRadio
Tue Jan 20, 2015 12:20 pm
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 69
Views: 5719

Re: “How Does Aging Affect Financial Decision Making?”

Another good book on the subject is:
What to Do When I Get Stupid by Lewis Mandell. http://lewismandell.com/
by CWRadio
Sat Jan 17, 2015 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington: How do I figure out the after tax return?
Replies: 13
Views: 816

Re: Wellington: How do I figure out the after tax return?

How do you find out the return after taxes if you are in a lower tax bracket (15%)? Thanks
by CWRadio
Thu Jan 15, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund as primary retirement investment
Replies: 29
Views: 6894

Re: Wellington Fund as primary retirement investment

You might enjoy what Paul Merriman talks about in this podcast:
My favorite Vanguard balanced fund. Paul compares 5 Vanguard balanced funds.
http://paulmerriman.com/favorite-vanguard-balanced-fund/
by CWRadio
Thu Jan 15, 2015 8:19 am
Forum: Investing - Theory, News & General
Topic: SPIA survivor payout
Replies: 4
Views: 583

SPIA survivor payout

What are the pros and cons of purchasing a joint SPIA 100% payout with a 70% payout to the survivor as compare to 70% payout if either of the joint annuitants die. Example for case one: If my wife and I get $1000 a mouth and I die my wife gets $700 a mouth. If my wife dies I still get $1000 a mouth....

Go to advanced search