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Raabe34

Fully well understanding EHEngineers point that you're getting 3% I would dump the heck out of it based the fact that you don't need the insurance and you've figured out how to invest better. If you can't earn 3% in a diversified portfolio over time we've all got bigger problems.

Raabe34

Ask for an in-force illustration currently and then with the projection.

Raabe34

stlutz wrote: ↑
Wed Oct 18, 2017 11:16 pm
The lending revenue goes to the fund, not State Street.

You might want to do a bit of research. What I can find is they are at 85% to the fund.

Raabe34

Anybody looked into what SPDR's do with security lending revenue yet?

Raabe34

Here are my questions: 1. If I choose a medigap policy with Obscure Company A because it is the least expensive, can I change to the same plan, say G, with another company during an open enrollment period in another year? One agent told me that there is no open enrollment period, or a time when I c...

Raabe34

You also may want to trim some from your emerging market allocation if you're going to change your IPS. 15% is a lot in an 80/20 split.

Raabe34

Didn't read all the replies but in regards to the no transaction cost Vanguard etf's @ TDA, I've got it from a pretty good source that sometime in the 4th qtr that list will change dramatically. The person wouldn't confirm or deny whether Vanguard was going to be leaving but dropped hints that it was.

Raabe34

Are you sure you're able to deduct it in CT as a non-resident?

Raabe34

You're nuts. Honestly the advisor has probably paid for himself by keeping him aggressively invested in equities. This board would have decreased his returns in a more conservative bond allocation.

Raabe34

Why don't you take this opportunity to reflect on the AA. Unless you've got a very significant portfolio (7 figure imo) for the kids I think you could be doing a disservice by being too conservative with the money. I'm not saying no bonds but historically stocks will win and if they're just starting...

Raabe34

All - Thanks so much for the help! It never occurred to me to check the wiki for this topic - that is exactly what I need to guide me. I'll need to give that a close read. According to my wife the only people within the company involved with this decision are the President and the Controller. The f...

Raabe34

All - Thanks so much for the help! It never occurred to me to check the wiki for this topic - that is exactly what I need to guide me. I'll need to give that a close read. According to my wife the only people within the company involved with this decision are the President and the Controller. The f...

Raabe34

Wow, those ERs are really high, but what's worse, and the reason why they are so high, is R-2 funds contain a 0.75% 12b-1 fee (commission). That raises the question, is this plan really conforming to the new fiduciary standard? It's a terrible plan, and you have to wonder why it was selected. Is th...

Raabe34

That also assumes GEICO did not purchase a CAT type policy to avoid that concentrational risk.

Raabe34

At that level, pay for someone to do it professionally. You don't truly know what you're overlooking and you've got a lot at stake it appears.

Raabe34

Go read the last annual letter. The aren't writing hardly any cat insurance because premiums were too low.

Raabe34

In the bond allocation I would substitute VWIUX for VBMFX/VBTLX due to current tax bracket.

Raabe34

Depending on how far you are looking to travel these guys are in your back yard and are truly a class operation. I've known them for 5 years and they seem to treat their employees well.

www.johnsonglaze.com/

Raabe34

I sit on a small non profit board and this winter we went through the process of getting out our endowment funds of 2.2ish million out of Wells Fargo and that was the impetus for us to self manage.

We weren't hurt(we don't think) but this is a pattern and we voted with our feet.

Raabe34

Interview the local Buckingham guy. It won't be the same as the one transitioning out but they work with some really top shelf people but not all are.

Raabe34

1. You can do that but I don't know why anyone would. If you're going to be earmarking for college this money will not be in very long and you'll also get a preferrable tax treatment from the 529. There will be no tax consequence to surrender I'm 99% sure and if it there is it will be minor. Take yo...

Raabe34

$15 for what I would call small(possibly 3"X5"X24") at a medium local bank.

Raabe34

I'm sure it's accurate if the contract is really old. I've seen other company contracts like that and yes it's a true return like a CD. Impossible to get in this environment.

She needs some assets that would grow faster than inflation but this piece is pretty damn good for bonds.

Raabe34

It doesn't fit into a neat asset allocation. You need to look at it as a business purchase because that's really what it is. Whatever you do don't stretch yourself to buy too much too soon as invariably something will have a bad run in rentals(I have 9 units) and you need to be solvent enough to han...

Raabe34

Legos - I enjoy and kids enjoy playing with

Raabe34

If you have good insurability look at structuring some term life on yourself and take the max benefit. I've seen plenty of times where taking the higher # more than pays for 750k of life structured over 20 years.

Raabe34

It appears that you have gotten the plan moved to one that does not charge a % for recordkeeping any longer which is a huge win. I'm guessing that you have a significant balance in the plan and that overall this is not for a megacorp situation. Vanguard has per head costs on the plan even if the pla...

Raabe34

Betterment is not close to profitability either. Morningstar had a good piece written maybe 2 years ago now.

The way I see it, it's almost impossible for them to ever achieve profitability and they're just trying to look good enough to get bought.

Raabe34

Depending on the size/type of company, my gut says is that they are trying avoid taxation in sort by doing this. If your spouse likes the job tread lightly through this.

Raabe34

It's amazing to me that all these robo-advisors seem to be growing at a very good pace, and it seems that traditional money-management firms are taking it on the chins. I don't know how the latter can survive. I disagree. Do the math on the robos, they are burning extremely quickly through their ve...

Raabe34

For a smaller plan like that it is most likely not out of line. Typically a plan that size puts all the costs of operating the plan on participants vs the company writing a check for some of that administration work. You'll be in at around 1% annual cost which is not the end of the world. Another op...

Raabe34

The thing that doesn't get enough play on this board is inflation. Not everyone should be 100% equity but over a standard 20yr retirement costs will double. That post with the 30 something in a 60-40 is just wrong. If he retires he should have cash for 2 years expenses and be out there much further ...

Raabe34

An IRA is most likely a poor option. You lose the depreciation deduction forever and the ability to sell it at capital gains rates later.

Raabe34

Depending on just what everyone is trying to accomplish you might be able to get it done with a simple. It has lower limits but no cost to administer. That can be setup direct with Vanguard.

Raabe34

so when shares are donated to company X or person X and they sell them, how does the cost basis work? Would it have been better to donate them after his death via TOD (or something similar) for a stepped up basis? saving the recipient some tax $$? It's not a person or company in this case but a 501...

Raabe34

Born in 1919. Served in WW2. Retired early at 45 in 1964 (among the worst years to retire). 53 years in retirement. Donated to help the environment. Not too shabby! (He gets a pass for holding a concentrated position) I may have missed it in the article but I didn't see anything else on it so I'm g...

Raabe34

You need to ask for a copy of your 404 a 5 participant disclosure. That should spell out all the parties and corresponding cost.

My gut says what you are paying are recordkeeping and custodial charges.

Raabe34

follow

Raabe34

http://www.garrettplanningnetwork.com/

Try using this. They have some really good apples.

Raabe34

I would be pretty skeptical of that Guideline firm. Per their ADV they only have $56 Mil in assets and 1,200 participants. So best case their current revenue is a bit over 115k if they haven't discounted some bigger plans. That is not even close to sustainable in the intermediate term.

Raabe34

Do you have other kids that you could use the 529 on? If not clean that out and avoid paying taxes on it.

Raabe34

neurosphere wrote:
ObliviousInvestor wrote:If I had to guess, this would be my guess:
http://www.nickmurray.com/bkwealth.htm
Yeah, that would seem one likely candidate, yes.

If it is anything other than that book its a sales pitch.

Raabe34

I know this is not popular on this forum but you really ought to think about using a non-qualified variable annuity from Vanguard. It's 30bps for the cost which seems like a heck of a deal in situation. It allows tax deferral into perpetuity and allows you to manage the account without thinking abou...

Raabe34

If you really feel the need, shop some term life for 10 years and see the difference in payout levels.

Raabe34

Try a small community bank. You should be able to pledge the securities if in a taxable account by some sort of form with Vanguard.

Raabe34

Hi all, 1. Surrender the policy now, and take the $1200 cash surrender value (I will have lost $2800 - not the end of the world, but still annoying). Sunk Cost, need to move on and get what you can currently. The sooner the better. He will fight you on it because he will be charged back against his...

Raabe34

Define breakeven. I'm guessing you're making some moves down on principal. Otherwise you would have to be getting the deduction based on depreciation. The idea of paying down a bunch is not bad I've done the same as it's a guaranteed rate of return and you could most likely re-lever the property if ...

Raabe34

I'm guessing that 5% guarantee is an income rider (pretend balance) and not on the actual account balance. I'm not sure about the details of an ilit but you have the ability to 1035 to a non-qualified annuity that will keep the balance tax deferred. Then you can control when to generate some or all ...

Raabe34

Should we increase my whole life to $500k? Absolutely not. If you feel the need for more go term. End the cash value policy immediately. - Should we start a $500k whole life for my wife? Absolutely not. - Should we increase our sons? (Perhaps from $100k to either $250k or $500k? We see this as a nic...

Raabe34

You need to do a recharacterization of the conversion to basically undo it(if you did it in 2017). Most 401k plans allow a rollover into them anymore.

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