Search found 69 matches

by suming
Thu Oct 08, 2015 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

So the 200,000 cash income each year will turn to be as 69,204 in 35th years without inflation adjustment. (I am using the rate between 1980 and 2015). Is this a correct calculation?
by suming
Wed Oct 07, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

dhodson,

Thanks for your input. My friend specifically asked about what the insurance company can change. And you have answered that. So the 'No Policy Changes' means they will not change anything?

From your experience, he should just purchase a pure annuity, right?
by suming
Wed Oct 07, 2015 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

grog,

You are absolutely right. Like I've said, he is a brilliant business man. However, he doesn't think he has too much luck in the stock market.

David Jay,

Where can he buy investment grade corporate bonds?
by suming
Wed Oct 07, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

I have to clarify some points after talking to my friend further. 1. The guaranteed rate is 1% instead of 4%. The non-Guaranteed interest rate is 4% for Fixed Account and 8.3% for 1 Year S&P 500 Indexed Acct. 2. Insurance company offers two policies: A. BASIC LEDGER : The death benefit turns lap...
by suming
Tue Oct 06, 2015 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

He lives in the state of Illinois.
by suming
Tue Oct 06, 2015 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Re: Flexible Premium Adjustable Indexed Life

My friend is 47 years old. He said it's still worthy it even if the rate is 0 for some bad years (which is guaranteed). The 4% is not guaranteed. He is a brilliant business man and thinks the annuity can do better than those companies he partially owned in economic downturn (negative net profit). Ri...
by suming
Mon Oct 05, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Life Insurance+Pension

Re: Flexible Premium Adjustable Indexed Life

I 've changed the subject.
by suming
Mon Oct 05, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Flexible Premium Adjustable Indexed Life
Replies: 23
Views: 1520

Flexible Premium Adjustable Indexed Life

I am asking this question for a friend. He plans to get this looks like a life insurance and pension combined. He pays 200K each year for the first 7 years. From 10th year, he will get 200K until he is 100 years old if he lives that long. The interest rate is guaranteed minimum 4% and high cap is 13...
by suming
Fri Oct 02, 2015 12:12 pm
Forum: Investing - Theory, News & General
Topic: Resources on Variable Annuities
Replies: 18
Views: 1695

Re: Resources on Variable Annuities

So a fixed income annuity is a good investment for some rich business owners if they have so much extra money and want to have steady income in early retirement? This is the conclusion that I come up with all the reading from above.
by suming
Mon Sep 08, 2014 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Put $$$cash in annuity b4 claiming financial aide
Replies: 9
Views: 1221

Re: Put $$$cash in annuity b4 claiming financial aide

They don't have any debt to pay down. Like I've said on my origianl post, all rentals and their resident house are all paid off. They cannot set up traditional IRA pre-tax because they don't have pay checks coming from employers. Roth IRA is probably the only way to go. However, each person can only...
by suming
Mon Sep 08, 2014 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Put $$$cash in annuity b4 claiming financial aide
Replies: 9
Views: 1221

Put $$$cash in annuity b4 claiming financial aide

I have friends who have 3 children. Their oldest son is a senior in highschool. They have another son who is sophomore and the youngest one is in the middle school. They have 6 or 7 rentals (all paid off) to generate income to support the family and both of them are not working since 3 years ago. Th...
by suming
Thu May 15, 2014 3:57 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon
Replies: 59
Views: 5759

Re: Grand Canyon

Any doctor is reading this thread? Since the 5 National Parks sounds so appealing, I am just wondering if a diabetics patient (my husband 53 yrs old) will be able to pull it through on the trip of 8 days. Should I check with our own doctor? I am thinking more car ride plus 1 short distance hiking an...
by suming
Tue May 13, 2014 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bequeathing to Wife - Up to a point
Replies: 29
Views: 3083

Re: Bequeathing to Wife - Up to a point

Or she would need to marry someone for his money when you die.
by suming
Thu Mar 06, 2014 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: +25% Bonus coming, keep same 401K % contribution?
Replies: 9
Views: 639

Re: +25% Bonus coming, keep same 401K % contribution?

I don't have the company match problem since I contribute more than the 10% anyway. The reason I'm confused is purely coming from the timeing - early April. If you were me, which way will you go? Same amount even for the bonus check? Or same percentage - much higher amount in early April?
by suming
Thu Mar 06, 2014 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: +25% Bonus coming, keep same 401K % contribution?
Replies: 9
Views: 639

+25% Bonus coming, keep same 401K % contribution?

My company will pay us bonus next month. I am always confused about how to decide the 401K contribution on the bonus pay. Could someone please show me some ultimate theory or your bench mark numbers? In the past, I sometimes keep the same contribution percentage as the regular pay check and some oth...
by suming
Thu Dec 12, 2013 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Search for passive income- through real estate?
Replies: 27
Views: 3125

Re: Search for passive income- through real estate?

When your income is lower in retirement, you will be able to get a lot income tax benefit from the rental business. Currently I don't think you are qualified because of your high income level.
by suming
Thu Dec 05, 2013 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Allocation Questions
Replies: 9
Views: 1147

Re: Retirement Portfolio Allocation Questions

Have you considered possible medical expenses before you are qualified to the Medicare? I am planning about an ER around the similar financial situation in 7 - 10 years. Currently we (52 and 50 yo) are very confused about the medical insurance issue after retiring, mainly between aged 59 to 65. Does...
by suming
Thu Jul 25, 2013 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Who gets more College Financial aid?
Replies: 52
Views: 4462

Re: Who gets more College Financial aid?

If EFC is higher than the expected college cost, there is no need to even fill out FAFSA?
by suming
Tue Jul 23, 2013 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan - Is it worthy it?
Replies: 2
Views: 734

529 plan - Is it worthy it?

My middle child is going to college after summer this year. Since we don't have to pay for his tuition until Oct and Nov, I am considering if 529 education fund is a good option. We live in Illinois and open a 529 account only benefit our state tax, not the federal tax. Our youngest child will go to...
by suming
Mon Jul 15, 2013 11:17 am
Forum: Personal Consumer Issues
Topic: 2014 trip to Europe
Replies: 44
Views: 4681

Re: 2014 trip to Europe

Hi, JeffyScott
Would you please share which credit card would provide such good offer?
by suming
Fri Jul 12, 2013 9:19 am
Forum: Local Chapters and Bogleheads Community
Topic: Chicago Meeting #3
Replies: 21
Views: 2923

Re: Chicago Meeting #3

Please count me in if the meeting is held in the weekend.
by suming
Thu Jul 11, 2013 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Talking With My Sister About Investing and Risk
Replies: 22
Views: 1906

Re: Talking With My Sister About Investing and Risk

My husband had a similar situation and I posted a thread here. Somebody suggested the documentary film 'the smartest guys in the room' Enron so I borrowed it from our local library. It worked! He got rid of 50% of his company stock.
by suming
Wed May 29, 2013 2:51 pm
Forum: Investing - Theory, News & General
Topic: Financial Literacy Must Be Taught!
Replies: 55
Views: 3788

Re: Financial Literacy Must Be Taught!

I'd love to see your material too, ThePrune. Having children aged 21, 17, and 15, I've always wanted to teach them financial management. Recently my daughter graduated from college. I have thought about putting up some basic info together for tennagers. My ideas are starting with asking them some in...
by suming
Mon May 06, 2013 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds for vacation and emergency fund
Replies: 14
Views: 1330

Re: I bonds for vacation and emergency fund

Where and how to buy I bonds? The interest is the same everywhere?
by suming
Wed May 01, 2013 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Commercial Real Estate as an investment vehicle
Replies: 7
Views: 1156

Re: Commercial Real Estate as an investment vehicle

I am interested in commercial real estate. However, my real estate experience is only on residential rentals. What is the mimimum amount cash to get in the door? I don't have inheritance so all I have is the money accumulated over the years.
by suming
Thu Apr 25, 2013 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How Fast to Pay Student Loans (Medical)
Replies: 18
Views: 1686

Re: How Fast to Pay Student Loans (Medical)

How did you get the 2%? From where?
by suming
Thu Apr 18, 2013 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

But, but
Every single fund I have has at least 9% YTD return except the bond fund which is 1.2%.

Oh, I remember now - I traded 83% of this 401K from the bond fund to another stock index fund on 2/4/2013. Do you think that's why?
by suming
Thu Apr 18, 2013 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

THERE MUST BE SOMETHING WRONG WITH MY CURRENT EMPLOYMENT 401K - PERSONAL RATE OF RETURN FROM 01/01/2013 to today IS 2.6% ONLY PERSONAL RATE OF RETURN FROM 01/01/2012 to 04/05/2012 was 5.5%. First of all, I don't know if I need to continue this post because my info has been posted in the beginning, ...
by suming
Fri Mar 15, 2013 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to retire?
Replies: 108
Views: 17997

Re: Do we have enough to retire?

Hi, MnD
The best post ever...
Very curious how the OP's thought about that?
by suming
Tue Mar 12, 2013 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Father considering cashing out 401K early -- market fear
Replies: 34
Views: 3232

Re: Father considering cashing out 401K early -- market fear

I showed my husband the DVD 'The Smartest Guys in the Room' which was suggested by our fellow bogleheads. That worked for him - he used to own a large amount of one single stock. After watching that film, he sold half of that stock. You can borrow it from your local public library.
by suming
Tue Feb 19, 2013 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

I am posting this one to thank everyone of you - My DH finally agreed on selling half of his current company stock (19%) and all of the other prior employer stock (15.6%) last Thurday. Grt2bQutdoors, Postmon, JW Nearly Retired, fh2000, Aptenodytes, Watty, Buckybadger, Peter Foley, and Blacktupelo: Y...
by suming
Tue Feb 12, 2013 11:52 am
Forum: Personal Consumer Issues
Topic: Deciding college for High School Graduate
Replies: 65
Views: 5370

Re: Deciding college for High School Graduate

being careful not to push family assets above the protection limit.


I am wondering what you mean by 'not to push family assets above the protection limit'? I have one in college and two more to go.
by suming
Mon Feb 11, 2013 3:22 pm
Forum: Investing - Theory, News & General
Topic: [Permanent Portfolio fund] PRPFX-vs bonds, TIPS, total stock
Replies: 9
Views: 1238

Re: PRPFX - vs bonds, TIPS, total stock

Hi, ps56k I found your chart so powerful. Just wondering if you will do this every year around the same time, like now. I have been always wondering about their performance before, during and after the crash but can't figure out what I am looking for. Your chart is exactly what I have been looking f...
by suming
Tue Jan 29, 2013 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Tax Help with Backdoor Roth Conversion
Replies: 7
Views: 687

Re: Tax Help with Backdoor Roth Conversion

SSSS, I was shocked too when I received 1099R in the mail last week. My husband and I file 'married joint tax' and 'Marginal AGI' was aruond the broader line of 17,500 for 2012. Therefore, I tested the water by transfer 500 from my checking account to Traditional IRA, then transfer to Roth IRA. Both...
by suming
Mon Jan 28, 2013 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Thanks, Larry. I am getting the books for my husband tonight. Hopefully he will be willing to read them. I will read them for sure.
by suming
Fri Jan 25, 2013 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

I was smiling while reading your post, JW. My DH is 'in love' with his company stock. He has experienced 'splits' twice, one with his current company and the other with prior employer. At this point in time, he did gain profits $$ 'on paper' on both cases. Like you've said, hopefully others here wil...
by suming
Thu Jan 24, 2013 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Hi, fh2000
My DH and I have numerous discussions on this. He is expecting the stock price will go up again...
by suming
Thu Jan 24, 2013 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Thanks for the info, Aptenodytes. I will share it with him tonight. Another strong arguement he has is 'he is waiting for the split so he will be having more than 4000 shares over night'. Is there any theory as far as how to predict some stocks will split or will never split? This sounds a very funn...
by suming
Thu Jan 24, 2013 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

This is Sumnig - the OP. I am wondering if my bond fund investment and contribution on PIMCO is too way too high. There is another post : Moving from Total Bond to Short Term Investment Grade. And the more I read it, the more I want to move toward that direction. Please help me, bond experts here.
by suming
Thu Jan 24, 2013 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Peter Foley
Where do I find the Callan table?
by suming
Thu Jan 24, 2013 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

BuckyBadger, You are not negative at all. This is the reason that I can't sleep well and the reason why I posted it here. Many earlier posters also point it out and I knew it. I just don't know how to solve it. That's why I need some real examples instead of some hypothesis. For example, he refused ...
by suming
Thu Jan 24, 2013 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

grt2bOutdoors,
Thanks for the examples. I will call couple of our friends who are still working at GE tonight. How about the 150 years old company? Do we allow to say that company name here? Please forgive me if the answer is no.
by suming
Thu Jan 24, 2013 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Watty,
We both are US citizens and plan on 'paying tax in US'. We will come to visit our children each year. Does that consider we are living in the US and traveling in other countries?

Regarding the allocation %, what is your suggestion? My goal is to accumulate to 'two comma' by year 2021.
by suming
Thu Jan 24, 2013 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

JW, I've just spoken to him and the answer is ' no. they are all good companies and their stock are all rising now'. grt2bOutdoors,my DH will totally agree with you. Honestly, I do too. However, it's not Apple or Microsoft. It (37%) just not a good thing. Aptenodytes, I will show the link to my DH t...
by suming
Thu Jan 24, 2013 11:40 am
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

Re: 50 yrs old couple -please advise on my investment

Thanks for everyone's reply. I've always learn so much from this forum. Regarding my DH company stock issue, I guess I need to find a better way to convince him. Especially when the stock market is rising, he simply wishes that he had not listened to me for the last 4 months. That way, he would have...
by suming
Wed Jan 23, 2013 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: 50 yrs old couple -please advise on my investment
Replies: 40
Views: 3801

50 yrs old couple -please advise on my investment

Hi, I am pretty new to the forum. Reading some financial magazine in my son’s orthodontics office while waiting, I wrote down the website name and started my learning journey about a year ago. This is the first post that I try to use the format. Please let me know if I need to provide more info and ...
by suming
Wed Jan 16, 2013 1:17 pm
Forum: Personal Consumer Issues
Topic: 2nd Hand clothing but top quality
Replies: 3
Views: 475

2nd Hand clothing but top quality

Is there anybody here who know websites to purchase good quality 2nd hand clothing?
by suming
Fri Jan 11, 2013 12:42 pm
Forum: Personal Consumer Issues
Topic: To go - Family trip to Costa Rica
Replies: 10
Views: 1785

Re: To go - Family trip to Costa Rica

Hi, texasdiver
I'd like to see your pictures. I am pretty new here. How to get to see them? What is PM?
by suming
Fri Jan 11, 2013 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: One More Social Security Question --- Please
Replies: 13
Views: 1525

Re: One More Social Security Question --- Please

My husband and I are having pretty much the same SS amounts and similar health situation (his mother died as age of 63, 8 years after diagnosed of diabetics and he has diabetics too). The only difference is he is 2 year older than me. Do I use different strategy? (Sorry, OP. I don't mean to interrup...
by suming
Thu Jan 10, 2013 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: general opinion on how we are doing
Replies: 25
Views: 2088

Re: general opinion on how we are doing

At some point you may want to deal with the real estate issue. That will result in a big increase in your taxable holdings.


I don't know why the real estate will result in a big increase in the taxable holdings. The real estate is cash-in-flow from the rental income, isn't it?

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