Search found 8192 matches

by Stinky
Mon Aug 02, 2021 6:38 am
Forum: US Chapters
Topic: Birmingham, Alabama local chapter
Replies: 58
Views: 10914

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 Aug 02, 2021 6:18 am
Forum: Personal Investments
Topic: Purchasing MYGAs (multi year guaranteed annuities) - mega thread
Replies: 260
Views: 24840

Re: Purchasing MYGAs (multi year guaranteed annuities) - mega thread

FINAL BUMP

I’ll be making a presentation on MYGAs at the next Birmingham Boglehead meeting on Zoom. Sunday, August 8, 4pm Central time.

All are welcome to join the meeting. To get login information, send an email to birminghambogleheads@gmail.com, or private message me.
by Stinky
Sun Aug 01, 2021 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance- Premium Offset
Replies: 6
Views: 714

Re: Whole Life Insurance- Premium Offset

Great thank you both! These are great suggestions. I've reached out to the agent requesting these three inforce illustrations and will let you know what happens. When you get the inforce illustrations, one thing that you could do would be to calculate the "current year ROI" on your wife's...
by Stinky
Sat Jul 31, 2021 12:29 pm
Forum: Investing - Theory, News & General
Topic: VG Removing Message Center [Vanguard]
Replies: 335
Views: 19902

Re: VG Removing Message Center [Vanguard]

^^^ Same here. Even though Jack hasn't been running the company for quite some time, not having him around makes any affinity to the company Vanguard all that much less. Look at the numbers, not the emotion. Vanguard is no longer competitive, so I look at secondary factors - like the website and cu...
by Stinky
Sat Jul 31, 2021 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance- Premium Offset
Replies: 6
Views: 714

Re: Whole Life Insurance- Premium Offset

If you don't need the actual life insurance death benefit--and yet don't want to cancel the policy--but simply want to minimize the cost, forget about premium offset and/or using dividends to pay premiums and/or selling back accumulated dividends/accumulated PUAs to pay premiums and instead just ge...
by Stinky
Fri Jul 30, 2021 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance- Premium Offset
Replies: 6
Views: 714

Re: Whole Life Insurance- Premium Offset

It sounds like your wife wants to keep the policy for sentimental reasons, since it’s a gift from her parents. And that’s ok - “happy wife” and all that. Just realize that she’s probably making a fixed income type return of 3-4% per year on her $28k cash value. It sounds like you want to minimize th...
by Stinky
Fri Jul 30, 2021 8:34 pm
Forum: Personal Consumer Issues
Topic: Best Basic Watch
Replies: 58
Views: 3463

Re: Best Basic Watch

Yes on the Timex, but I'm more a fan of their "Easy Reader" models. Classic good looks. Works if you're dressed up or dressed down. Lasts forever. https://www.amazon.com/s?k=timex+easy+reader Another fan of the Timex Easy Reader. You could buy four of them and stay below your $150 price p...
by Stinky
Fri Jul 30, 2021 5:51 pm
Forum: Investing - Theory, News & General
Topic: VG Removing Message Center [Vanguard]
Replies: 335
Views: 19902

Re: VG Removing Message Center

Ditto. Same here! Broken Man 1999 Doesn't matter whether you are flagship or not. It has to do with your pop-up blocker. I have popup blocking disabled for the vanguard.com domain, didn't see the message. Are you saying you are Flagship and saw it with pop-ups enabled? Yes. Well, I guess that we Fl...
by Stinky
Fri Jul 30, 2021 3:40 pm
Forum: Investing - Theory, News & General
Topic: VG Removing Message Center [Vanguard]
Replies: 335
Views: 19902

Re: VG Removing Message Center

Grasshopper wrote: Fri Jul 30, 2021 3:18 pm Made me look, Flagship here no mention of messaging going away.
Ditto.
by Stinky
Fri Jul 30, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How often do you get new glasses?
Replies: 45
Views: 2650

Re: How often do you get new glasses?

I get new glasses and sunglasses every two years. My eyes have been stable for years.

It’s just nice to incorporate the trivial changes in my prescription.
by Stinky
Fri Jul 30, 2021 8:22 am
Forum: Personal Investments
Topic: Thoughts on AIG Power Select Builder 8
Replies: 11
Views: 719

Re: Thoughts on AIG Power Select Builder 8

Annuities are horrible (except if u really need it depending on your financial situation - very rare). I agree that this particular annuity is terrible. Many Bogleheads find value in single premium immediate annuities (SPIAs) and multi year guaranteed annuities (MYGAs). In my view, those can be “go...
by Stinky
Fri Jul 30, 2021 6:36 am
Forum: Investing - Theory, News & General
Topic: Does Vanguard own Edward Jones?
Replies: 6
Views: 1727

Re: Does Vanguard own Edward Jones?

It's good to see that Vanguard sells ETFs through EJ, and that Vanguard has a marketing team devoted to promoting its ETFs within EJ. That's a good thing for EJ customers (if they take advantage of the opportunity).
by Stinky
Fri Jul 30, 2021 3:49 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma... What would you do?
Replies: 160
Views: 14140

Re: My dilemma... What would you do?

almostretired1965 wrote: Thu Jul 29, 2021 10:22 pm I have to agree with Klang on this. I think you and your family are likely to be better off if you cut the commute in half by working the two days consecutively and staying in a hotel, even if you had to pay for it, assuming your household can manage your absence for one night a week.

A
Agreed.
by Stinky
Thu Jul 29, 2021 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I partially surrender old Whole Life Policy?
Replies: 6
Views: 545

Re: Should I partially surrender old Whole Life Policy?

Thanks Jack and Stinky. Stinky, I believe I got the terminology wrong. You are correct in that I would be surrendering paid up additions. So I guess it makes the most sense to surrender up to the cost basis now and then the rest once spouse retires and we are in a lower tax bracket. If you were to ...
by Stinky
Thu Jul 29, 2021 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I partially surrender old Whole Life Policy?
Replies: 6
Views: 545

Re: Should I partially surrender old Whole Life Policy?

We don't need the death benefit and I'd like to take some advantage of the cash value while I'm still alive. To my knowledge, there are very limited ways to “partially surrender”’a whole life policy. If you have dividend accumulations or paid up additions, you should be able to surrender those for ...
by Stinky
Thu Jul 29, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 16856
Views: 1341510

Re: U.S. stocks continue to soar!

Marseille07 wrote: Thu Jul 29, 2021 9:54 am Jobs, GDP reports missed. Seems like another bad-news good-news situation.
These “misses” just push out the date when Fed will raise interest rates.

Mr Equity Market likes low interest rates.
by Stinky
Thu Jul 29, 2021 9:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 16856
Views: 1341510

Re: U.S. stocks continue to soar!

S&P at new ATH. Nasdaq moving in that direction.

What virus?
by Stinky
Thu Jul 29, 2021 9:30 am
Forum: Personal Investments
Topic: I sat in on our latest 457b committee meeting...
Replies: 15
Views: 2426

Re: I sat in on our latest 457b committee meeting...

Not to hijack OP's thread, but I was contemplating doing this myself (joining a "committee") to review investments and have a voice. We have a nongovt 457b and while I am pleased with the funds offered (all Fidelity and mostly low cost index), I am not so pleased with the lump-sum immedia...
by Stinky
Thu Jul 29, 2021 9:21 am
Forum: Investing - Theory, News & General
Topic: Credit Suisse Report: How We Lost $5.5 Billion on Archegos
Replies: 3
Views: 710

Re: Credit Suisse Report: How We Lost $5.5 Billion on Archegos

Thanks for posting. This sounds like an epic fail by CS and its risk management function. A quick scan of the report found this gem of a sentence: He observed that the PSR team in New York (covering Archegos) was not “adequately staffed to be reliable”; experienced PSR employees who had left CS had ...
by Stinky
Thu Jul 29, 2021 4:54 am
Forum: Personal Investments
Topic: I sat in on our latest 457b committee meeting...
Replies: 15
Views: 2426

Re: I sat in on our latest 457b committee meeting...

I was a member of my company’s Retirement Committee, which dealt with both the 401k plan and the defined benefit pension plan. Our plan was a good bit smaller than yours, with 401k assets of $300 million or so. It sounds like the meeting setup was similar between our two plans. Fidelity was our advi...
by Stinky
Wed Jul 28, 2021 10:59 am
Forum: Personal Investments
Topic: Fidelity Charitable - "Administrative Adjustment"
Replies: 6
Views: 648

Re: Fidelity Charitable - "Administrative Adjustment"

I have a Fidelity DAF. As a data point - I did not receive a similar email. I just logged in and do not see a similar adjustment. Same here. Had I received such an email I wouldn’t bother calling to find out exactly why a minor “Administrative Adjustment” occurred. Cheers I agree. I haven’t called ...
by Stinky
Wed Jul 28, 2021 9:27 am
Forum: Personal Investments
Topic: Fidelity Charitable - "Administrative Adjustment"
Replies: 6
Views: 648

Fidelity Charitable - "Administrative Adjustment"

This morning, I got an email from Fidelity Charitable saying that there was an "administrative adjustment" applied to our account. When I click through, I find that they added (I think) $1.41 to our account yesterday. They say that I can call Fidelity Charitable if I have questions. Here's...
by Stinky
Wed Jul 28, 2021 9:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 16856
Views: 1341510

Re: U.S. stocks continue to soar!

My 2029 prediction: Dow: 100,000 S&P: 15,000 Nasdaq: 50,000 As long as the easy money continues, which it will. So you're looking for about a 15.7% per year increase in both the S&P and the Nasdaq. Plus dividends of course. I think that you should request a change to your BH user name - som...
by Stinky
Wed Jul 28, 2021 3:47 am
Forum: Investing - Theory, News & General
Topic: Similar service to "Annuity Review" from Macro consulting?
Replies: 3
Views: 423

Re: Similar service to "Annuity Review" from Macro consulting?

I probably should have already tackled this head-on and called the insurance companies to ask them what the options for these annuities were. I had just assumed that the insurance co would make it impossible for us to understand, or would only present the least favorable options. I am certain that ...
by Stinky
Tue Jul 27, 2021 8:43 pm
Forum: Investing - Theory, News & General
Topic: Similar service to "Annuity Review" from Macro consulting?
Replies: 3
Views: 423

Re: Similar service to "Annuity Review" from Macro consulting?

Welcome to the Forum! First, I do not know of a commercial service to help you and your parents out. It sounds like your parents have four IRA annuities totaling $300-$400k, all purchased about 20 years ago. They should be well out of the surrender charge period, so they could be surrendered now for...
by Stinky
Tue Jul 27, 2021 7:30 pm
Forum: Investing - Theory, News & General
Topic: Thinking of Dropping Out of International Stock Funds
Replies: 300
Views: 19419

Re: Thinking of Dropping Out of International Stock Funds

abuss368 wrote: Tue Jul 27, 2021 7:15 pm Stop drop and roll!

Tony
Is something on fire?

Definitely not international.
by Stinky
Tue Jul 27, 2021 5:02 pm
Forum: Personal Investments
Topic: Parent's Retirement Funds in a mess
Replies: 33
Views: 4454

Re: Parent's Retirement Funds in a mess

Several points and questions - --- You should find out what happens to Dad's annuity if he passes away first. Hopefully, it will continue paying $4,000 per month so long as Mom is alive. But if it reduces to zero if Dad dies first, then Mom could be in a real pickle if he does die first. --- You men...
by Stinky
Mon Jul 26, 2021 5:36 pm
Forum: Personal Investments
Topic: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?
Replies: 24
Views: 1594

Re: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?

I had a situation in which the exercise of stock options was reported as W2 and taxed accordingly but it was also reported on a 1099. Not accounting for the 1099 on my return got me a letter from the IRS stating I owned them something like 35k. Fortunately, I was able to straighten it out with the ...
by Stinky
Mon Jul 26, 2021 5:04 pm
Forum: Personal Investments
Topic: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?
Replies: 24
Views: 1594

Re: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?

I had a situation in which the exercise of stock options was reported as W2 and taxed accordingly but it was also reported on a 1099. Not accounting for the 1099 on my return got me a letter from the IRS stating I owned them something like 35k. Fortunately, I was able to straighten it out with the ...
by Stinky
Mon Jul 26, 2021 3:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 16856
Views: 1341510

Re: U.S. stocks continue to soar!

Stop the presses!

LadyGeek is currently #2 in the Boglehead Contest!
by Stinky
Mon Jul 26, 2021 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Term life Vs. whole life
Replies: 64
Views: 4639

Re: Term life Vs. whole life

Shopping for life insurance: Understand that there are two models of how insurance is sold. Some of the largest companies in the country sell through their own agents. These companies have a huge share of the insurance market, have been around for over a century and have many happy customers. Other...
by Stinky
Mon Jul 26, 2021 11:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23845
Views: 3118183

Re: U.S. stocks in free fall

Fibonacci rapproachment in the monthly Geiger–Müller tube hints at SP falling by 50% at some point in the next 1 to 480 months. So - the S&P will fall 50% between now and July 2061 (when I’ll be 107 years old) - Sounds like it’s time for me to load up on ammo and canned beans, and hunker down i...
by Stinky
Mon Jul 26, 2021 11:42 am
Forum: Personal Investments
Topic: Advice on possible elder abuse?
Replies: 19
Views: 1632

Re: Advice on possible elder abuse?

According to Portfolio Visualizer, $14k left in Target 2020 fund in 2015 would have grown to $22.5k https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2015&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&ini...
by Stinky
Mon Jul 26, 2021 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Locating a life insurance policy [via the executor of an estate]
Replies: 103
Views: 4491

Re: Locating a life insurance policy [via the executor of an estate]

Determined wrote: Mon Jul 26, 2021 10:20 am My lawyer is going to find representation in Las Vegas for my son’s interests.
That’s great. Let us know how it turns out for you and your children.
by Stinky
Mon Jul 26, 2021 8:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23845
Views: 3118183

Re: U.S. stocks in free fall

lostdog wrote: Mon Jul 26, 2021 3:38 am Fire up this thread for Monday.

China getting hammered.
Stocks are about flat at the open.

I guess the China market action didn’t predict US market action.
by Stinky
Mon Jul 26, 2021 7:17 am
Forum: Investing - Theory, News & General
Topic: Actual headline: "Analyst: A stock market pullback is 'going to happen at some point.'"
Replies: 33
Views: 4019

Re: Actual headline: "Analyst: A stock market pullback is 'going to happen at some point.'"

I’m going to abandon Boglehead investing principles and do whatever this analyst recommends.

Now, what exactly does she want me to do? :oops:
by Stinky
Mon Jul 26, 2021 6:02 am
Forum: Personal Consumer Issues
Topic: Home Printer?
Replies: 37
Views: 2340

Re: Home Printer?

I agree with the recommendations of a black/white laser printer for light home printing. Laser toner is a lot less expensive than ink cartridges.

I’ve got a Brother laser that has worked like a champ for a decade or so.
by Stinky
Sun Jul 25, 2021 8:06 pm
Forum: Investing - Theory, News & General
Topic: 60/40 is Done - Now It's 70/20/5
Replies: 41
Views: 8308

Re: 60/40 is Done - Now It's 70/20/5

The extra 5% goes to the Bogle Center.

That should fund an infinite supply of “Bogleheads on Investing” podcasts.
by Stinky
Sun Jul 25, 2021 4:48 pm
Forum: Personal Investments
Topic: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?
Replies: 24
Views: 1594

Re: RETIREMENT: Does Non Statutory Stock Options Exercise & Sale reported on W2 count as earned income?

I retired in 2018, but have continued to receive W-2 income in 2019 and 2020 from various programs of my former employer. I expect to continue to receive W-2 income from my former employer until 2023. I have contributed to a backdoor Roth for 2019-21, using the IRS guidance cited in OP, and have has...
by Stinky
Sun Jul 25, 2021 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

Thanks for all of the replies. I understand the issues. I was a little afraid of the 1035 exchange into an annuity because I only knew about traditional annuities and did not want to follow up one bad decision by making another. Stinky, thanks for highlighting the Fidelity product for me to look in...
by Stinky
Sun Jul 25, 2021 11:24 am
Forum: Personal Investments
Topic: Starting Over
Replies: 21
Views: 2558

Re: Starting Over

But based on the limited information you gave above, I suggest reinvesting everything back into the market, first thing on Monday, in a 50:50 ratio. It sounds like you get spooked at the slightest drop in the market, and then regret your move if the market goes up ... a 50:50 allocation is the perf...
by Stinky
Sun Jul 25, 2021 8:29 am
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

Just more support for my original thought to cash in the policy, pay the taxes and move on. When a person s need for life insurance is ended, maintaining a policy is a waste of money. Optimizing taxes on the gain may not make up for the high carrying costs. OP wants to cancel the life insurance pol...
by Stinky
Sun Jul 25, 2021 7:55 am
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

Rex66 wrote: Sun Jul 25, 2021 7:31 am Option 1

Don’t kick the can down the road
"Kicking the can down the road" could potentially result in $1,000s, or even $10,000s, of tax savings for OP, if he is able to defer recognition of the income within the VUL product until a year when his taxable income and tax rate is less.
by Stinky
Sun Jul 25, 2021 7:53 am
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

A minor enhancement on my idea Partially surrender the $330k basis out of the VUL now. No tax is due now. Then 1035 exchange the remaining $105k, which is all gain, into one of the annuities mentioned. The benefit of this approach is that it will liberate about 75% of your total cash value right no...
by Stinky
Sun Jul 25, 2021 7:50 am
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

Stinky, thanks for pointing me to the Fidelity product (Fidelity Personal Retirement Annuity was the one I looked at). I have accounts at Fidelity already. Your second post answered my first question before I could research and respond; could/should I surrender up to the basis to free up the majori...
by Stinky
Sun Jul 25, 2021 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Assessing Term Life Insurance needs
Replies: 10
Views: 842

Re: Assessing Term Life Insurance needs

Responding to several of your questions in red : It looks like you are thinking through all of that except survivor benefits which in your situation may not seem like very much. This might seem like a silly question but what are survivor benefits? Are these social security survivor benefits? Is ther...
by Stinky
Sun Jul 25, 2021 5:51 am
Forum: Investing - Theory, News & General
Topic: Elder Abuse and Financial Fraud: latest Bogleheads on Investment podcast
Replies: 26
Views: 3497

Re: Elder Abuse and Financial Fraud: latest Bogleheads on Investment podcast

I found the warning to not invest in annuities at all to be very counter to some of the information I've seen posted on this and other investing forums for later in life. Great coverage of a lot of situations people take for granted as 'that would never happen to me' and 'my family would never do t...
by Stinky
Sat Jul 24, 2021 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with VUL policy?
Replies: 16
Views: 895

Re: What to do with VUL policy?

A minor enhancement on my idea Partially surrender the $330k basis out of the VUL now. No tax is due now. Then 1035 exchange the remaining $105k, which is all gain, into one of the annuities mentioned. The benefit of this approach is that it will liberate about 75% of your total cash value right now...