Search found 1057 matches

by Silk McCue
Tue Aug 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to make a withdrawal from a Vanguard Individual 401k?
Replies: 3
Views: 239

Re: How to make a withdrawal from a Vanguard Individual 401k?

I recommend you call Vanguard suppprt and tell them what you tried and what happened. I’m certain they will be able to solve your situation in short order.

Cheers
by Silk McCue
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 11
Views: 513

Re: Fixed Deferred Annuity & Investment Options

I'm not sure how CD's work vs annuities when it comes to IRA monies. From your post above - "He also suggested that we put $350k ($70 x 5 years) in a 3 year Fixed Deferred Annuity at 2.6%, to safeguard the money so that we will have the $70k/year. ". That will grow to around $378,016 in three years...
by Silk McCue
Tue Aug 14, 2018 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 11
Views: 513

Re: Fixed Deferred Annuity & Investment Options

Achievacu.com is offering a 5 year IRA CD at 4.2% rate. This rate has been up since May but is still available today. Once you are 59.5 you are able to withdraw funds without any Early Withdrawal Penalty. I recently shared the process that I went through to open my account in post found using the li...
by Silk McCue
Tue Aug 14, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 72
Views: 4497

Re: Retire in Florida or Alabama?

Alabama has income tax and a 4% up to 5% sales tax. https://www.tax-brackets.org/alabamataxtable Florida has no income tax and a 6% up to 7% sales tax. Cheers What about property taxes? Based on our income, Alabama’s income tax would far surpass our property tax in Florida. Tax analysis is very per...
by Silk McCue
Mon Aug 13, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 72
Views: 4497

Re: Retire in Florida or Alabama?

GuyInFL wrote:
Mon Aug 13, 2018 7:51 pm
Silk McCue said
Alabama has income tax and a 4% up to 5% sales tax.
I think 5% sales tax is the states share. Add county and city and Mobile gets to 10%

http://www.salestaxstates.com/sales-tax ... ama-mobile
Yikes! Thanks for sharing.

Cheers
by Silk McCue
Mon Aug 13, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Thanks Silk McCue! We will talk to the main branch manager at Achieva tomorrow. Hopefully they can resolve the issue directly but if not, I will definitely use your suggestion. I think my Wife got too excited over the great rate (when filling out the membership application) and now she's frustrated...
by Silk McCue
Mon Aug 13, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 72
Views: 4497

Re: Retire in Florida or Alabama?

Alabama has income tax and a 4% up to 5% sales tax.

https://www.tax-brackets.org/alabamataxtable

Florida has no income tax and a 6% up to 7% sales tax.

Cheers
by Silk McCue
Mon Aug 13, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Hoping someone can help me here: My wife submitted the membership application for the 4.2 CD percent. We were told by a Rep the application fell through because she answered a security question incorrectly. We've tried to resubmit the application but it the system doesn't take us back through the s...
by Silk McCue
Mon Aug 13, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Catfish Plumber wrote:
Mon Aug 13, 2018 12:02 pm
Thanks, Silk!

I started the membership application online this past Saturday and received final approval today. On to the next step ... wish me luck!

Go get 'em.

Cheers
by Silk McCue
Mon Aug 13, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Wednesday July 11 - CD IRA Application Received, Printed, Completed, Scanned and emailed back. Anyone know where to find the CD IRA application? Do I need to call to request this? Thanks! If you have already completed all the steps to apply for, and be approved for, membership that I documented the...
by Silk McCue
Mon Aug 13, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 6
Views: 795

Re: Question/Update on my Situation

With the significant income from the taxable (assuming $7800 monthly) most of that should be untaxed. This potentially allows large Roth conversions depending on what else is going on with your finances. In that case you might slow down/minimize the inherited IRA distributions to support the conver...
by Silk McCue
Sun Aug 12, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 6
Views: 795

Re: Question/Update on my Situation

With the significant income from the taxable (assuming $7800 monthly) most of that should be untaxed. This potentially allows large Roth conversions depending on what else is going on with your finances. In that case you might slow down/minimize the inherited IRA distributions to support the convers...
by Silk McCue
Sat Aug 11, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. ETF's
Replies: 22
Views: 1128

Re: Mutual Funds vs. ETF's

I link to the article would be helpful.

Otherwise, there are many existing posts on this board regarding this subject that have explored this general question in depth.

Cheers
by Silk McCue
Sat Aug 11, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Average Investor Return Chart
Replies: 10
Views: 1190

Re: Average Investor Return Chart

I have no reason to doubt the accuracy of this chart over the time period (but that doesn't really matter) It is likely the average investor has very few stocks because they are ignorant of how to invest and are afraid. They may actually benefit from their help although they could do it more cheaply...
by Silk McCue
Sat Aug 11, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Silk, Did the same got an email saying I got a 5 year IRA cd but the email did not give any details like the rate. Did you receive some more follow up information? From my post previously outlining the process and timeline I shared - Monday July 23 - Achieva sent me an email and called me to notify...
by Silk McCue
Sat Aug 11, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

I wonder why they don't allow this rate outside IRA (i.e. taxable account) Because it isn't a part of their business/marketing strategy. A better question might be how come a regional Credit Union can offer the highest rates on 5 year IRA CD's in the nation. I personally don't have any questions ab...
by Silk McCue
Fri Aug 10, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5068

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

doneat53 wrote:
Fri Aug 10, 2018 6:23 pm
I'm interested in becoming an Achieva member, is the only way to be related to a member or live in Florida?
No.

Read this post above. You have to donate to their charity. It’s cheap.

viewtopic.php?f=10&t=252530&p=4063141#p4043711

Cheera
by Silk McCue
Thu Aug 09, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1803

Re: Roth 401k vs. Traditional 401k

It’s a good idea to diversify. Having Tax-deferred, Roth and Taxable when you retire will provide you with a lot of flexibility. To ask an admin to put this in the correct forum. Click the exclamation icon on your first post and select Wrong Forum, then submit the request Edit: I reported it for you...
by Silk McCue
Thu Aug 09, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Pros and Cons of not using this Vanguard Fund
Replies: 5
Views: 652

Re: Pros and Cons of not using this Vanguard Fund

It looks to me like it's a de facto S&P 500 index fund, in spite of the legal cover the fund objective provides for management flexibility. I agree with your advice provided but they are not a de facto S&P fund. Were you to compare the two fact sheets provided by the OP, which I did and posted abou...
by Silk McCue
Thu Aug 09, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Pros and Cons of not using this Vanguard Fund
Replies: 5
Views: 652

Re: Pros and Cons of not using this Vanguard Fund

By reviewing the links you provided I found that the DCP fund is an actively managed fund that overweights funds and underweights others (you can compare the top holdings of each yourself) as compared to the VG S&P fund which strictly owns the benchmark index. They also tell you that they can invest...
by Silk McCue
Thu Aug 09, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: QLAC and RMD
Replies: 7
Views: 433

Re: QLAC and RMD

I cannot find the definitive words regarding your RMD question. However logic dictates that the $100k funding of the QLAC is moving funds from one tax deferred account to another and thus results in no funds being withdrawn into a taxable status. Therefore no RMD could be satisfied by doing so in 20...
by Silk McCue
Thu Aug 09, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand the logistics of a 403b in relation to bonds and selling
Replies: 19
Views: 625

Re: Trying to understand the logistics of a 403b in relation to bonds and selling

The simplest answer regarding your 403b account is to change to a Target Date account that matches your desired asset allocation as your only holding in the 403b. Don't concern yourself with the date on the fund just the asset allocation. You will never have to concern yourself with re-balancing as ...
by Silk McCue
Thu Aug 09, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Poor HSA Investment Options
Replies: 17
Views: 1124

Re: Poor HSA Investment Options

Expense ratios? Expense ratios and Front Load for each would help if you don't take the advice to rollover as suggested (which is likely the best answer). I've already pulled up each of these offerings and examined their ER and Front Loads and multiple time periods for returns. Eight have no front ...
by Silk McCue
Thu Aug 09, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Small selection of funds in 401K which should I pick?
Replies: 5
Views: 228

Re: Small selection of funds in 401K which should I pick?

Welcome to Bogleheads. Were I in your shoes I would simply buy a Target date fund with with the asset allocation that you are comfortable with. The holdings are broad and diverse and the expense ratio is very good. The 2055 is 90/10. At your age that is fine as long as you can stick with it knowing ...
by Silk McCue
Thu Aug 09, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Indices vs indexes
Replies: 4
Views: 489

Re: Indices vs indexes

Colour me happy for being able to find this or you. https://business.nasdaq.com/marketinsite/2016/Indexes-or-Indices-Whats-the-deal.html Both "indexes" and "indices" are acceptable plural forms of the word "index" or to refer to more than one index. Index is one of those rare words that have two dif...
by Silk McCue
Wed Aug 08, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax 2018 - Who must file
Replies: 15
Views: 1309

Re: Kiddie Tax 2018 - Who must file

Unless the law has changed, sometimes one does not have to "file" a child's tax return. Their income can be reported on their parent's return. If this has changed I would like to know as I do tax returns for my children and their children (my grandchildren) have small UTMA accounts. From my reading...
by Silk McCue
Wed Aug 08, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 597

Re: 403b Roth or Pre-tax Decision and Marginal Rate

I may be confused or am missing something but I don't see that you are factoring in the $2000 tax credit for your child? How does that affect your analysis? I show with that with that credit your Fed tax burden would be $7352. The top of the 12% bracket would be $8907. I calculated this using the l...
by Silk McCue
Wed Aug 08, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 610

Re: 401k for small business owner

I have a trusted friend who suggests that it is better to pay tax now while tax rates are low rather than waiting to pay tax in the future as tax rates will probably increase over time. Thoughts on this way of thinking? Thanks! Ted Welcome to Bogleheads. I can only provide input on the last part of...
by Silk McCue
Wed Aug 08, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax 2018 - Who must file
Replies: 15
Views: 1309

Re: Kiddie Tax 2018 - Who must file

I have no clue but can Google “kiddie tax 2018”. https://www.marketwatch.com/story/the-kiddie-tax-is-getting-easier-and-maybe-cheaper-under-the-new-tax-law-2018-05-24 How much income triggers a separate tax return? It depends on the type of income. • A child with only earned income (generally just w...
by Silk McCue
Wed Aug 08, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: less suspicious activity- check or ACH transfer
Replies: 10
Views: 1024

Re: less suspicious activity- check or ACH transfer

Congrats! Glad we could help.

Try not to treat the remaining balance as found money. It is an important part of your financial future.

Cheers
by Silk McCue
Wed Aug 08, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 597

Re: 403b Roth or Pre-tax Decision and Marginal Rate

ok wow, a LOT more is taken out of my wife's paycheck than i thought... to update. Assume wages of $127,000. - $24,000 standard deduction - $12,500 Simple IRA contribution - $5,000 Dependent Care Account - $1,500 403b Pre-tax contribution - $100 Vision - $540 Dental - $3885 Health Ins. - $50 Cafete...
by Silk McCue
Wed Aug 08, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1116

Re: Bond Holding

He hasn't suggested an alternative core bond holding for us. It seems that at this point he is assessing our willingness to follow his general advice about getting out of VBTLX - - assets he doesn't manage. It may be as obvious as an adviser trying to increase his AUM, but I curious about the value...
by Silk McCue
Wed Aug 08, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1747

Re: Help me understand a 'Life Income Plan' ?

I took a quick look at your original post and you clearly have a lot going on with holdings and on-going business success. Although his website says he is not currently accepting new clients due to a backlog Allan Roth might very well be ideal for you. He is nationally known, regularly published and...
by Silk McCue
Wed Aug 08, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4187

Re: If it were March, 2000, would you still allocate 50% to Stocks?

OP, your example seems to be about someone having all the money they will ever have to invest at one time and deciding when to invest it all. Does that seem realistic to you? Most folks invest over many, many years. How does your scenario work out if someone invests throughout the time period you'r...
by Silk McCue
Wed Aug 08, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4187

Re: If it were March, 2000, would you still allocate 50% to Stocks?

I wanted to understand if people on this forum were making their investment decisions based on some assessment of intrinsic value; or were rather just following a script. If broad diversification, at a low ER, at Asset Allocation that matches our willingness, ability and need to take risk is "follo...
by Silk McCue
Wed Aug 08, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 597

Re: 403b Roth or Pre-tax Decision and Marginal Rate

If you could please clarify. You are contributing to a Dependent Care Account but don't reference any dependents which, if you did would affect this analysis. Having your state of residence would also make it very easy to pop this into an online tax calculator (not that this can't be analyzed withou...
by Silk McCue
Wed Aug 08, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1116

Re: Bond Holding

Welcome to Bogleheads.

What fund is recommended to take its place (name, Ticker Symbol, and expense ratio please).

Cheers
by Silk McCue
Wed Aug 08, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2707

Re: Two voices in my head

Most of us are familiar with at least two voices pulling at us. Given that you are 28 it would be better in my opinion if the 2nd voice wasn't asking for significant tilting but rather a higher equity position at your age. With a long horizon and a strong stomach your historically safer shot at long...
by Silk McCue
Wed Aug 08, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Allocations Stable for 18 months?
Replies: 8
Views: 514

Re: Allocations Stable for 18 months?

Holding broadly diversified positions helps reduce wider swings in both directions caused by heavily tilted investment strategies. The past year could have just as easily had a significant downturn in US stocks with only a mild turn down or increase in International even with broadly diversified hol...
by Silk McCue
Wed Aug 08, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2447

Re: Junk Mail

This Federal Trade Commission site provides you with guidance on how to reduce unsolicited mail.

Stopping Unsolicited Mail, Phone Calls, and Email

Cheers
by Silk McCue
Wed Aug 08, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: less suspicious activity- check or ACH transfer
Replies: 10
Views: 1024

Re: less suspicious activity- check or ACH transfer

Is it better to just go to my Credit Union and pay off both auto loan and Heloc with 2 checks from B of A or just do 3 more ACH of 5k to my credit union? I'd just go to the bank so you can get the correct payoff amounts and write the check immediately. +1 Writing a check is not suspicious. Doling o...
by Silk McCue
Wed Aug 08, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4187

Re: If it were March, 2000, would you still allocate 50% to Stocks?

Welcome to Bogleheads. What you are describing is Market Timing and is a losing game. Time in the market is a winning game. By setting an asset allocation that matches your willingness, ability and need to take risk you can invest today either lump sum, or choose to dollar cost average over the next...
by Silk McCue
Wed Aug 08, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3475

Re: Saving Enough for Retirement?

Future you will be very happy that current you didn't buy a vacation home that severely impacted your life long savings and financial security. Many here know the heady feeling of income beyond your needs and wish that they had been more prudent with spending when they were your age. I would rent fo...
by Silk McCue
Wed Aug 08, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: 401k choices, which ones?
Replies: 3
Views: 268

Re: 401k choices, which ones?

Adding FID INTL INDEX PR (FSIVX) would provide you with some international equity exposure. International Equities are held by many Bogleheads and is a part of the oft described 3 Fund portfolio and its variants.

Cheers
by Silk McCue
Wed Aug 08, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: 401k rollover to Trad IRA
Replies: 2
Views: 262

Re: 401k rollover to Trad IRA

Based upon the logic of the WSJ blog you would be better off if the 401k had performed poorly making the Roth conversion very efficient. I would ignore this noise. The only thing that matters in the real world where people actually have gains in their 401k through wise investing and fortunate market...
by Silk McCue
Wed Aug 08, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Unison for Home buyers - Whats the catch?
Replies: 1
Views: 324

Re: Unison for Home buyers - Whats the catch?

If you are buying a home in an area where appreciation is expected to be significant this service can be very expensive and easily outstrip the real/perceived benefits. I found this article that provides some analysis on the offering and points that should be considered. Unison Homeowner Equity Acce...
by Silk McCue
Tue Aug 07, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Satisfying the 5 year rules for ROTH IRAs
Replies: 12
Views: 1434

Re: Satisfying the 5 year rules for ROTH IRAs

The fairmark table is still upside down. Any table that does not begin with the qualified distribution case is pretty convincing proof that the author is 1) Under age 59.5 (or at least thinks hes under age 59.5) 2) Overly interested in details of the tax code Maybe the person that is older than 59....
by Silk McCue
Tue Aug 07, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1747

Re: Help me understand a 'Life Income Plan' ?

Thank you for all the heads up - While I have not compared the two back to back it does seem that this 'Life Income Plan' is a dressed up version of 'variable universal life plan' - and have a hard time understanding the way either works, how it would be beneficial to my current position, what I st...