Search found 20 matches

by Bonehead3
Sun Jul 21, 2019 7:41 pm
Forum: Personal Investments
Topic: Edward Jones trap
Replies: 91
Views: 15136

Re: Edward Jones trap

I had a coworker that was with EJ. I asked him if that was a wise move and he said his Dad with with EJ so he was satisfied. Good for him. He did not know anything else. That is how these firms maintain clients, even in this information age. I thought about telling him but he was not going to listen...
by Bonehead3
Wed Jun 26, 2019 8:32 pm
Forum: Personal Investments
Topic: Financial planning now that retired
Replies: 49
Views: 10095

Re: Financial planning now that retired

You mention both Edward Jones and Ameriprise. The biggest crooks in the financial industry. Moving literally anywhere else would be a good move. EJ is a well respected firm on Wall St. They have reps throughout the US. They meet people in their living rooms to ...steer their money to themselves. Th...
by Bonehead3
Tue Jun 18, 2019 8:40 pm
Forum: Personal Investments
Topic: Vanguard?
Replies: 48
Views: 4684

Re: Vanguard?

Fire, Fire, Fire your "advisor" who has a goal of building wealth and transferring assets. Their wealth and your assets to him/her!! They will buck your decision, DON'T listen and do it! Transfer everything into a Vanguard money market at first. Then decide. Depending on risk tolerance, I recommend ...
by Bonehead3
Fri Mar 22, 2019 1:42 am
Forum: Personal Investments
Topic: Vanguard - dissappointed
Replies: 44
Views: 6104

Re: Vanguard - dissappointed

My experience is that Vanguard is the most responsive of all. Some things take longer than I like but as a long term investor, there are no deadlines. For quick funds transfer for a pending purchase, advance planning is best to get money where it needs to be. Emergency funds in a bank with advance d...
by Bonehead3
Thu Mar 14, 2019 1:03 am
Forum: Personal Investments
Topic: TSP in Retirement
Replies: 41
Views: 4192

Re: TSP Pre-retirement

I have a substantial TSP balance, 61 now and plan on retiring in 7 years. A prospective advisor advised I should withdraw the balance now and invest in his products, several of which are annuity hybrids that can ostensibly also work as Long Term Care insurance. Why would I want withdraw my funds no...
by Bonehead3
Mon Mar 11, 2019 12:54 pm
Forum: Personal Investments
Topic: TSP in Retirement
Replies: 41
Views: 4192

Re: TSP in Retirement

Before I change my will to name my children named directly as secondary TSP beneficiaries, I will need to research to see if TSP funds can be transferred to an inherited IRA in ANOTHER institution as a non-taxable event after my death. I am not a tax pro but I am pretty sure that how the beneficiar...
by Bonehead3
Mon Mar 11, 2019 10:32 am
Forum: Personal Investments
Topic: TSP in Retirement
Replies: 41
Views: 4192

Re: TSP in Retirement

You need to be sure to understand that the TSP inhertance rules are different from IRA inhertance rules and that they are much less favorable in some situations. Here is what I have posted on that before. Whenever someone post about having a large TSP I try to point out the inheritance problems tha...
by Bonehead3
Sat Mar 09, 2019 11:18 pm
Forum: Personal Investments
Topic: TSP in Retirement
Replies: 41
Views: 4192

Re: TSP in Retirement

Many thanks for the quick replies. I"m not leaving until the end of the year so have some time but it will go quick (I hope!) :D Thanks Don'tride for that. I have not done my homework for the TSP; I just max it out and do the Bogle don't just stand there, do nothing policy. I will PM for a little of...
by Bonehead3
Sat Mar 09, 2019 8:48 pm
Forum: Personal Investments
Topic: TSP in Retirement
Replies: 41
Views: 4192

TSP in Retirement

Hello--I have a question for any Thrift Saving Plan experts. I'm getting ready to retire as a fed civilian and am also retired military. So my initial thought was a total withdraw from TSP and into Vanguard IRA total stock market (existing). Well, I still want to do that but if I do a total withdraw...
by Bonehead3
Sun Jan 27, 2019 7:39 pm
Forum: Personal Investments
Topic: Survivor Benefit Plan Election
Replies: 5
Views: 698

Re: Survivor Benefit Plan Election

Thanks all for the comments. Life insurance, military time buy back, and life expectancy are all valid points. We don't have life insurance, kids are grown and well on their own. At some point, we don't need insurance to cover "final expenses" and all that marketing stuff. Main point is too cover li...
by Bonehead3
Sat Jan 26, 2019 7:13 pm
Forum: Personal Investments
Topic: Survivor Benefit Plan Election
Replies: 5
Views: 698

Survivor Benefit Plan Election

Hello: My wife and I have a decision to make on electing the federal SBP. I'm a fed (FERS) and going to retire the end of the year. My retirement will be about 40k and minimum SBP deduction is 5% with 25% of salary to my spouse should I die before my her. For many, it's a no brainer considering it's...
by Bonehead3
Thu Nov 08, 2018 10:54 pm
Forum: Personal Investments
Topic: First time invester, help needed please
Replies: 113
Views: 7423

Re: First time invester, help needed please

Agree with the retiredjg regarding costs. I initially recommended my son (your age) go with a target fund. I called my rep at VG and to get his take on saving fund expenses over 40 years from target to a two or three fund plan. He agreed so we went with an international stock and total stock market....
by Bonehead3
Thu Nov 08, 2018 10:10 pm
Forum: Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1139

Re: Asset Allocation Question/Help

COLA is a part of my pensions. I will try and figure my retirement expenses. I know, based on my lifestyle, it won't equal or exceed my pension. Based on that, I suspect my investments will be mainly for inheritance. Life may impact this. :(

Thank you all for the help. :happy
by Bonehead3
Tue Nov 06, 2018 11:21 pm
Forum: Personal Investments
Topic: Time to ditch the financial advisor?
Replies: 17
Views: 2291

Re: Time to ditch the financial advisor?

All good advice here! And with this advice and other resources that were not available years ago, this is the main reason to give up paid advice. As a former "investment representative," I have nothing good to say about the industry. Overall, it's about sales (moving your money to their accounts) an...
by Bonehead3
Tue Nov 06, 2018 7:59 pm
Forum: Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1139

Re: Asset Allocation Question/Help

I really have not figured my expenses but they probably won't match my income. Income/property/sales taxes; no state taxes; utilities; insurance; food/gas/etc; and some travel which will be the biggest bite. Still, I have never spent my income and don't expect to do that in retirement. I'm just thin...
by Bonehead3
Tue Nov 06, 2018 7:37 pm
Forum: Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1139

Re: Asset Allocation Question/Help

Yes we are in Thailand and coming back to the US to retire (one year). We will have to buy a house and car which is why I have so much in cash. 10k monthly income is not from investments but pensions. Sorry, guess it's 24% now. That is a good thing! Bond accounts now in a rising interest rate enviro...
by Bonehead3
Tue Nov 06, 2018 5:35 am
Forum: Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1139

Asset Allocation Question/Help

New member here but have been a VG investor for years. I'm about a year out from retirement (at 63) and thinking I should review my allocation to minimize risk. Here goes: Married filling jointly, 25% bracket, no state income tax (FL) Emergency fund: Yes Debt: No Assets: No house, car, (employer pro...
by Bonehead3
Tue Nov 06, 2018 2:30 am
Forum: Personal Investments
Topic: Vanguard Flagship Select
Replies: 12
Views: 3799

Re: Vanguard Flagship Select

I don't see a big benefit to Select vs the FS. Am I wrong?
by Bonehead3
Mon Nov 05, 2018 8:14 pm
Forum: Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 44
Views: 7933

Re: E. Jones/Vanguard and now Fisher Investments

There is a reason Vanguard is as large as they are. EJ likes to churn to make money. Their goals are not yours. Theirs is to transfer as much from your accounts to their accounts. I know ..