Search found 7834 matches

by Stinky
Wed Jun 16, 2021 3:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23385
Views: 3058143

Re: U.S. stocks in free fall

Marseille07 wrote: Wed Jun 16, 2021 1:07 pm Rates unchanged but markets crashing. Let's see what happens at the presser.
S&P closed down about 0.5%. Nasdaq down about 0.25%.

Big whoop!
by Stinky
Wed Jun 16, 2021 1:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

Robot Monster wrote: Wed Jun 16, 2021 1:03 pm "Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
Two rate hikes in the next 30 months?

That’s mere child’s play compared to what the Fed did to cut off REAL inflation in the early 1980’s.
by Stinky
Wed Jun 16, 2021 10:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

lostdog wrote: Wed Jun 16, 2021 10:33 am Who is ready for some soaring this afternoon?
Are you going to do your part to help out the soaring?

Boglehead Nation is counting on you and your exercise routine! :D
by Stinky
Wed Jun 16, 2021 9:50 am
Forum: Personal Investments
Topic: When does term life insurance become unnecessary?
Replies: 22
Views: 2491

Re: When does term life insurance become unnecessary?

At almost all points in a term life insurance policy, the “value” of the death benefit is less than the premiums. That just makes good common sense - life insurance companies need to make money, and they need to pay expenses and commissions, so of course the death benefit must be less than the “val...
by Stinky
Wed Jun 16, 2021 5:18 am
Forum: Personal Investments
Topic: When does term life insurance become unnecessary?
Replies: 22
Views: 2491

Re: When does term life insurance become unnecessary?

Even if your current assets make it unnecessary, the "potential" value of the policy is too good to cancel it. Obviously the value is zero once it's expires, so it's hard to put that into numbers. But if your policy is worth, say, $100,000 and you already have that money, then you think: ...
by Stinky
Wed Jun 16, 2021 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 29
Views: 1971

Re: Utilizing Life insurance as a tax mitigation

I don’t recall the message. Could you post a link to the thread? If all else fails, you could private message the author and see if he/she will provide details, either publicly or privately. This is a cut and past from the other post regarding contributing to 401K and RMD's ..... smitcat wrote: ↑Su...
by Stinky
Tue Jun 15, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 29
Views: 1971

Re: Utilizing Life insurance as a tax mitigation

bsteiner wrote: Tue Jun 15, 2021 8:33 pm If you live to life expectancy it will reduce your estate tax because you'll have less money (including the insurance proceeds) than you would otherwise have had.
[sarcasm alert] :D
by Stinky
Tue Jun 15, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 29
Views: 1971

Re: Utilizing Life insurance as a tax mitigation

I should add to the above story that NWM is considered one of the “best”……… Yeah. For a bond fund, it's done OK. Slightly worse than Vanguard's total bond over the same period. But that's not something a 30 year-old should have invested in. So, now, it's just chunked into my AA as "fixed incom...
by Stinky
Tue Jun 15, 2021 3:11 pm
Forum: Investing - Theory, News & General
Topic: What was it like to index during the Lost Decade (1999-2009)?
Replies: 65
Views: 5340

Re: What was it like to index during the Lost Decade (1999-2009)?

Did you question indexing? Did you stop putting money into the stock market? How was the Lost Decade for you? I started in the markets in 2008. It was terrible. Indexing worked just fine. Better than the alternatives. By the way, if you began investing in 2008, you’ve probably done really well. Tho...
by Stinky
Tue Jun 15, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 29
Views: 1971

Re: Utilizing Life insurance as a tax mitigation

This isn’t a new idea at all It’s a terrible idea What you do is take loans against your csv Works great for the insurance industry. They make tons off a poor performing product and then charge you 6-8% interest to access your own money. Highly likely to pay more in interest then you would in taxes...
by Stinky
Tue Jun 15, 2021 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 29
Views: 1971

Re: Utilizing Life insurance as a tax mitigation

I don’t recall the message. Could you post a link to the thread?

If all else fails, you could private message the author and see if he/she will provide details, either publicly or privately.
by Stinky
Tue Jun 15, 2021 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Death tax question
Replies: 4
Views: 452

Re: Death tax question

Are you sure its an insurance payout and not an annuity from an insurance company? DW recently inherited a number of accounts from an aunt. An annuity had a check payout as an option (which she took) and it did have options for tax withholding. She also was the beneficiary of a life insurance polic...
by Stinky
Tue Jun 15, 2021 12:58 pm
Forum: Personal Investments
Topic: The Stupidest thing you can do with your money
Replies: 3
Views: 1220

Re: The Stupidest thing you can do with your money

Freakonomics is a consistently excellent podcast.

This episode is one of the best.

Thanks for posting.
by Stinky
Tue Jun 15, 2021 11:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23385
Views: 3058143

Re: U.S. stocks in free fall

z3r0c00l wrote: Tue Jun 15, 2021 10:41 am
lazynovice wrote: Mon Jun 14, 2021 3:12 pm Wait, what happened?
Lumber bubble popped.
That must have created quite a mess! :D
by Stinky
Tue Jun 15, 2021 4:40 am
Forum: Personal Investments
Topic: Best Way To Speculate With $2,000?
Replies: 46
Views: 3388

Re: Best Way To Speculate With $2,000?

BTI - British American Tobacco?

Why that stock?
by Stinky
Mon Jun 14, 2021 6:59 pm
Forum: Personal Investments
Topic: MYGA in Inherited IRA
Replies: 12
Views: 831

Re: MYGA in Inherited IRA

Here’s what I heard from a blueprint income representative via email… Availability depends on your state of residence. Our top rates are 3.10% for 6-7 year terms. You can check out the whole list of rates here: https://www.blueprintincome.com/fixed-annuities. Most insurers we work with will set up ...
by Stinky
Mon Jun 14, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance maturity settlement - long lost policy
Replies: 3
Views: 361

Re: Life insurance maturity settlement - long lost policy

It’s almost certainly legitimate.

Brighthouse was split off from Metropolitan Life, which sold a lot of very small policies back in the day.

Please post back when your friend gets more details.
by Stinky
Mon Jun 14, 2021 3:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23385
Views: 3058143

Re: U.S. stocks in free fall

TheoLeo wrote: Mon Jun 14, 2021 10:52 am The lost decade has begun.
That decade sure flashed by fast!

It felt like just a few hours to me :twisted:
by Stinky
Mon Jun 14, 2021 2:30 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2485
Views: 297464

Re: Post your Financial Milestone Announcements Here

Posting here since I can't share this milestone with anyone else. Recently reached the double comma club last week in investable assets/cash at age 38/37. I didn't think we'd hit this milestone until my wife turns 40 but here we are. It also means we have reached bare bones FI (basic expenses x25 p...
by Stinky
Mon Jun 14, 2021 1:52 pm
Forum: Personal Consumer Issues
Topic: Has anyone sold car to Carvana ?
Replies: 39
Views: 3503

Re: Has anyone sold car to Carvana ?

I’ve sold a vehicle to them, and so has my son.

It was by far the easiest car sale I’ve ever done. And they gave us excellent prices.

I would have no concern about selling to Carvana.
by Stinky
Mon Jun 14, 2021 1:03 pm
Forum: Personal Investments
Topic: Donation Strategy - Gifting Stock
Replies: 30
Views: 1558

Re: Donation Strategy - Gifting Stock

Thank you all for the responses. I'm interested in learning more about some of the tax advantages and options you get with a DAF. Are there others besides bundling donations into a given tax year? Bundling donations is potentially a big benefit to you. If you were to donate 2, 3, 4, or even more ye...
by Stinky
Mon Jun 14, 2021 10:50 am
Forum: Personal Investments
Topic: Donation Strategy - Gifting Stock
Replies: 30
Views: 1558

Re: Donation Strategy - Gifting Stock

I do this via Vanguard Charitable Donor Advised Fund. However, for simplicity, I tend to do one annual donation to Vanguard Charitable followed by multiple disbursements (which can be scheduled / automated). Vanguard Charitable's minimums are a deterrent to some. $25,000 minimum to open account. $5...
by Stinky
Mon Jun 14, 2021 4:47 am
Forum: US Chapters
Topic: Birmingham, Alabama local chapter
Replies: 57
Views: 9566

Re: Birmingham, Alabama local chapter

NEXT MEETING - Sunday, August 8, 4pm Central, via Zoom. I will make a presentation on multi-year guaranteed annuities (MYGAs). If anyone is interested in pre-reading, here's a link to a current thread on the topic; https://www.bogleheads.org/forum/viewtopic.php?f=1&t=334589 We welcome any new me...
by Stinky
Mon Jun 14, 2021 4:42 am
Forum: Investing - Theory, News & General
Topic: 2021 Hedge Fund Contest
Replies: 233
Views: 17452

Re: 2021 Hedge Fund Contest

Yes, it's in the wiki: Bogleheads® contests Nobody has compiled stats, though. Thanks for pointing me to the reference. The way I interpret the history, it looks like there have been three "eras" to the contest. --- In the first year (2009), only one long and one short were permitted. The...
by Stinky
Mon Jun 14, 2021 4:18 am
Forum: Personal Investments
Topic: Correcting a Vanguard mistake - IRA distribution
Replies: 16
Views: 1594

Re: Correcting a Vanguard mistake - IRA distribution

I am in the process of moving a Rollover IRA to my current 401K provider. As part of the IRA process,Vanguard accidentally distributed funds from my Traditional IRA and not my Rollover IRA. I called Vanguard Customer Service and they confirmed that in the IRA Distribution paperwork that I did prope...
by Stinky
Sun Jun 13, 2021 6:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

I think that, by now, many of us following this thread have developed a Pavlovian (or Forestian?) reflex. Whenever Forester posts in this thread, we start rubbing our hands together. Add a bit of saliva at the corner of the lip, too, while you're at it. He's experimenting on us! :mrgreen: I dread t...
by Stinky
Sun Jun 13, 2021 1:51 pm
Forum: Investing - Theory, News & General
Topic: 2021 Hedge Fund Contest
Replies: 233
Views: 17452

Re: 2021 Hedge Fund Contest

I’m a newbie to the contest, and haven’t followed it in previous years.

Does information exist on prior year results? If so, would it be possible to find out how many past winners picked just 1 stock, all 6 stocks, or somewhere in between?
by Stinky
Sun Jun 13, 2021 1:41 pm
Forum: Personal Investments
Topic: Where to park 130k for 6 months
Replies: 39
Views: 3517

Re: Where to park 130k for 6 months

In your mind, play act the scene where you tell your wife the remodel is going to be postponed or cancelled because you put the money in the market and the market has fallen. Then you'll know the answer. Reading through the comments, I've seen this sentiment come up a few times. I think everyone is...
by Stinky
Sun Jun 13, 2021 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Annuity, opinions wanted
Replies: 28
Views: 2278

Re: Immediate Annuity, opinions wanted

I am very concerned about having enough money to leave for my special needs son when we are gone so principle preservation is important. I don’t see how this SPIA fits for someone who is concerned about “principal preservation”. Have you talked with an estate attorney about the structures that migh...
by Stinky
Sun Jun 13, 2021 5:52 am
Forum: Personal Investments
Topic: Determining RMDs for Variable Annuities
Replies: 8
Views: 702

Re: Determining RMDs for Variable Annuities

Have you tried to get in touch with Equitable and Pacific Life about the missing form? That's the first thing that I would try. I've spoken with Equitable and Pacific Life in the past and inquired specifically about Form 5498, which is what I received from Allianz, but the reps I spoke with didn't ...
by Stinky
Sun Jun 13, 2021 5:25 am
Forum: Personal Investments
Topic: Determining RMDs for Variable Annuities
Replies: 8
Views: 702

Re: Determining RMDs for Variable Annuities

Have you tried to get in touch with Equitable and Pacific Life about the missing form?

That's the first thing that I would try.
by Stinky
Sun Jun 13, 2021 5:21 am
Forum: Personal Investments
Topic: Planning mom's retirement portfolio - sanity check
Replies: 34
Views: 3581

Re: Planning mom's retirement portfolio - sanity check

... when she moves her 8 mutual funds from the high fee broker and into the vanguard funds you recommend, that will be a large taxable event. ... many people would spread the selling over multiple years. ... or do you bite the bullet and get it over with. I looked at the cost basis on the taxable a...
by Stinky
Sat Jun 12, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: No Vanguard 1099-R for cashed out Transamerica variable annuity
Replies: 15
Views: 1058

Re: No Vanguard 1099-R for cashed out Transamerica variable annuity

File a complaint with the state insurance commissioner That might get TA to move a tad faster Transamerica is already under scrutiny by the Iowa insurance department for poor customer service on the Vanguard annuities. I agree with filing a complaint, with both your home state department of insuran...
by Stinky
Sat Jun 12, 2021 1:49 pm
Forum: Personal Investments
Topic: MYGA in Inherited IRA
Replies: 12
Views: 831

Re: MYGA in Inherited IRA

I’d definitely reach out to Blueprint Income. I wouldn’t have any idea as to which companies might issue a MYGA into an inherited IRA. Beyond that, I don’t see any particular issues with what you’re proposing. You’re understanding that you’re locking up the money for 8-9 years at (hopefully) an att...
by Stinky
Sat Jun 12, 2021 12:41 pm
Forum: Personal Investments
Topic: MYGA in Inherited IRA
Replies: 12
Views: 831

Re: MYGA in Inherited IRA

I’d definitely reach out to Blueprint Income. I wouldn’t have any idea as to which companies might issue a MYGA into an inherited IRA. Beyond that, I don’t see any particular issues with what you’re proposing. You’re understanding that you’re locking up the money for 8-9 years at (hopefully) an attr...
by Stinky
Sat Jun 12, 2021 12:02 pm
Forum: Personal Investments
Topic: To keep an Annuity or not to keep an Annuity?
Replies: 33
Views: 2948

Re: To keep an Annuity or not to keep an Annuity?

wolfv wrote: Sat Jun 12, 2021 11:25 am
Mom has seen enough and decided to terminate the annuity and transfer all investments to Vanguard.
That sounds like a great decision by your mother.

And you are to be commended for gathering some very good information for your mother.
by Stinky
Sat Jun 12, 2021 9:00 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 106
Views: 6330

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

That being said, I wonder whether the conclusions that the paper reaches are generally applicable to fixed annuities issued by other companies. Or, ?are the conclusions specific to TIAA, because of its superior products? Does anyone have an opinion? To answer your question on fixed annuities, show ...
by Stinky
Sat Jun 12, 2021 8:40 am
Forum: Personal Investments
Topic: Purchasing MYGAs (multi year guaranteed annuities) - mega thread
Replies: 224
Views: 19185

Re: Purchasing MYGAs - Blueprint Income vs. Gainbridge vs. Canvas

Upstream Life, which is a company whose MYGA products are available in a limited number of states, has had its AM Best rating downgraded from B++ to B+, a one notch downgrade. Additionally, its ratings were put on “negative watch”. The press release follows: https://www.businesswire.com/news/home/2...
by Stinky
Sat Jun 12, 2021 5:41 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 106
Views: 6330

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

The following TIAA white paper quantifies potential benefits of including fixed annuities and lifetime income products in retirement portfolios. I would expect stable value funds to have similar properties. (Caveat: TIAA is of course not an unbiased disinterested party with this). https://www.tiaa....
by Stinky
Fri Jun 11, 2021 2:44 pm
Forum: Personal Consumer Issues
Topic: Where to get podcasts without activity being tracked?
Replies: 12
Views: 1243

Re: Where to get podcasts without activity being tracked?

I subscribe to about 50 podcasts through the Downcast app on my iPhone.

I've never been concerned about privacy with respect to my podcast appetite. Should I be concerned?
by Stinky
Fri Jun 11, 2021 2:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

nedsaid wrote: Fri Jun 11, 2021 2:26 pm The U.S. Stock Market is barely flat today, hardly soaring.
Does that mean that the stock market has reached "a permanently high plateau"? :D

(Credit to Irving Fisher)
by Stinky
Fri Jun 11, 2021 1:29 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2485
Views: 297464

Re: Post your Financial Milestone Announcements Here

Far more modest than anything else here, but I passed 50k net worth this month (26 years old). Been not so great with savings rates the past few years, but I’ve stepped up to saving about 40% of my ~63k income and feel good about picking up some speed. That’s absolutely excellent! And that’s much m...
by Stinky
Fri Jun 11, 2021 9:23 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri on the Rational Reminder Podcast
Replies: 28
Views: 3518

Re: Rick Ferri on the Rational Reminder Podcast

Some discussions are timeless. This is one of those. It is just as relevant today as it was two years ago.

Excellent podcast!
by Stinky
Fri Jun 11, 2021 8:56 am
Forum: Personal Investments
Topic: TIAA non-qualified annuity confusion and questions
Replies: 6
Views: 641

Re: TIAA non-qualified annuity confusion and questions

One lingering question: what is the rationale for holding a variable annuity in a taxable account? I understand the tax-exempt growth - but couldn't that be achieved through low-cost, tax-conscious funds/ETFs? And withdrawals are treated as regular income rather than the more favorable capital gain...
by Stinky
Thu Jun 10, 2021 9:30 pm
Forum: Investing - Theory, News & General
Topic: Are all Structured Notes Bad?
Replies: 93
Views: 6462

Re: Are all Structured Notes Bad?

Whole life insurance seems to me like a good analogy: potentially worthwhile in a very narrow range of circumstances but pushed on lots people where it is not close to suitable for them by using obscurity and complexity. Seems to me like that’s a really good analogy. There’s a certain “mystique” th...
by Stinky
Thu Jun 10, 2021 7:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

Robot Monster wrote: Thu Jun 10, 2021 7:02 pm "Inflation grew at the fastest rate in more than a decade last month, but CNBC’s Jim Cramer called it the worst kept secret on Wall Street and said the stock market took it in stride."
All I can think of is Alfred E Neuman of Mad Magazine fame saying “What, me worry?”
by Stinky
Thu Jun 10, 2021 7:32 pm
Forum: Personal Investments
Topic: What to do about interest rates
Replies: 37
Views: 3636

Re: What to do about interest rates

Since your funds were in CDs and munis you might want to consider fixed annuities (multi-year guaranteed annuities (MYGAs)). They pay much better than bank accounts, money market funds, CD and other low-risk fixed income investments. There was a good thread recently titled Purchasing MYGAs (multi y...
by Stinky
Thu Jun 10, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15681
Views: 1222931

Re: U.S. stocks continue to soar!

Marseille07 wrote: Thu Jun 10, 2021 2:26 pm We've done it folks! The SPX sure to close at ATH.
Don’t count your chickens……
by Stinky
Thu Jun 10, 2021 1:21 pm
Forum: Personal Consumer Issues
Topic: Idea: Buying a Car for Short-term rental and then Re-sell?
Replies: 29
Views: 1934

Re: Idea: Buying a Car for Short-term rental and then Re-sell?

Carmax gives you 30 days to return a purchased vehicle. I don't know what taxes/fees you might be out if you did this. Also don't know what tax rate your state uses for vehicle sales. You aren't really suggesting that the OP do this, are you???? Wow. CarMax has a 30 day return policy, 1500 mile max...
by Stinky
Thu Jun 10, 2021 11:43 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2485
Views: 297464

Re: Post your Financial Milestone Announcements Here

MrBobcat wrote: Thu Jun 10, 2021 10:15 am Briefly crossed the $1MM in our investments this morning for the 1st time. Been a long time coming. Mrs. and I got married in 1988 with 2cents to rub together and $6,500 in student loans.
That is absolutely awesome. Congratulations!