Search found 18 matches

by investorag83
Wed Mar 27, 2019 2:32 pm
Forum: Personal Investments
Topic: Please provide example of how this 401K works
Replies: 8
Views: 565

Re: Please provide example of how this 401K works

For every dollar you contribute during the plan year up to 6%, company will match 100% on the first 1% and 50% on the next 5%, for a total employer contribution opportunity of 6.5%. Can someone please show an example of how his works? Also how is it 6.5%? edit: There is also 3% non-elective contrib...
by investorag83
Tue Mar 26, 2019 10:39 pm
Forum: Personal Investments
Topic: 86-year-old with Universal Life policy
Replies: 10
Views: 1226

Re: 86-year-old with Universal Life policy

My MIL read through all your replies - thank you all!! She likes the idea of taking some of the cash value out now and leaving just enough to sustain the policy until age 95 with no cash value remaining at that point. The document shows premiums paid so far of $27,314 so the amount she could take o...
by investorag83
Mon Mar 25, 2019 11:19 pm
Forum: Personal Investments
Topic: How does the 60-day rollover rule work?
Replies: 8
Views: 600

Re: How does the 60-day rollover rule work?

And I meant to say that this process has nothing to do with the 60 day rollover rule. That's if the check is made out to you as a distribution and you then have 60 days after receipt of funds to get it back in a qualified account again. I also meant to add that your loan agreement typically ends the...
by investorag83
Mon Mar 25, 2019 11:16 pm
Forum: Personal Investments
Topic: How does the 60-day rollover rule work?
Replies: 8
Views: 600

Re: How does the 60-day rollover rule work?

When you roll a plan balance out, there is a check made out from one custodian to the new custodian for your benefit. It isn't an electronic transfer. i.e. let's say you have 100k in TSP and a loan outstanding of 20k. You then: a) add 20k to your TSP as a loan repayment, not a contribution, to bring...
by investorag83
Mon Mar 25, 2019 10:56 pm
Forum: Personal Investments
Topic: How does the 60-day rollover rule work?
Replies: 8
Views: 600

Re: How does the 60-day rollover rule work?

I'm pretty sure the answer to your question is neither. You can't roll a loan to a new plan provider and you can't repay the loan after it's rolled over. Your options are: bring the loan current with TSP and then roll the balance over to an IRA or new 401k or don't pay the loan back, TSP will issue ...
by investorag83
Mon Mar 25, 2019 10:46 pm
Forum: Personal Investments
Topic: 86-year-old with Universal Life policy
Replies: 10
Views: 1226

Re: 86-year-old with Universal Life policy

There's a lot to unpack here. Good news is that the policy is in good health...the current and guaranteed calculations look the same because when she took it out in 1984, she was probably getting a credit rate of 12% with a guarantee of 5% or something to that effect. Now that rates have dropped dra...
by investorag83
Sat Mar 23, 2019 12:58 pm
Forum: Personal Investments
Topic: Opening 529 for out of state grandchild
Replies: 4
Views: 378

Re: Opening 529 for out of state grandchild

1) You won’t get your state tax deduction if you use a plan other than NY. You can use any states plan that you want but only your home state will offer potential state tax deductions. 2) Just a caution on grandparent ‘owned’ 529’s...the year after you take a distribution for the grandchild’s colleg...
by investorag83
Fri Mar 22, 2019 5:25 pm
Forum: Personal Consumer Issues
Topic: Suggestions for an internet service provider that is NOT Comcast?
Replies: 15
Views: 1291

Re: Suggestions for an internet service provider that is NOT Comcast?

If it's available for you, I use Spectrum cable and the speed is great. More than enough bandwidth for my household that uses a ton of it (streaming TV, gaming, work PC's, everything). I cut the cord on my cable service, upped the speed of my internet and haven't looked back. And I think my cable bi...
by investorag83
Fri Mar 22, 2019 5:14 pm
Forum: Personal Investments
Topic: Please help me decipher this Variable Annuity - Details in post
Replies: 15
Views: 1520

Re: Please help me decipher this Variable Annuity - Details in post

A quick glance to Jackson's website shows 5 Variable annuities available (Elite Access, Elite Access Advisory I, Elite Access Advisory II, Perspective and Perspective Advisory). Those are just the ones available now...the one you're referencing could be an older one. Give details on which one it is,...
by investorag83
Fri Mar 15, 2019 9:49 am
Forum: Personal Investments
Topic: a couple questions on a Morgan Stanley portolio analysis
Replies: 26
Views: 1543

Re: a couple questions on a Morgan Stanley portolio analysis

trustquestioner wrote:
Fri Mar 15, 2019 9:42 am
1.78% AUM meets the fiduciary standard?????
Yes. Just because an alternative is lower in fee doesn't mean this wouldn't pass the fiduciary standard.
by investorag83
Fri Mar 15, 2019 9:22 am
Forum: Personal Investments
Topic: a couple questions on a Morgan Stanley portolio analysis
Replies: 26
Views: 1543

Re: a couple questions on a Morgan Stanley portolio analysis

My answer to question 2: No...the calculation you posted with the delta does not make sense. But I'd have to see the MS person's real numbers to confirm that's the calculation they were using. I highly doubt that a program MS uses to do the calculation is incorrect though. Only chance would be if th...
by investorag83
Thu Mar 14, 2019 10:04 pm
Forum: Personal Investments
Topic: Please help me decipher this Variable Annuity - Details in post
Replies: 15
Views: 1520

Re: Please help me decipher this Variable Annuity - Details in post

This is like an investment timeshare, so good you have to pay to make it go away. Yup. The “advisor” got paid - typical commission is 8% - and that comes out of the fees over the years. If you surrender then the annuity issuer doesn’t get the fees so in effect your Dad has to cough up the advisor’s...
by investorag83
Thu Mar 14, 2019 1:20 pm
Forum: Personal Investments
Topic: a couple questions on a Morgan Stanley portolio analysis
Replies: 26
Views: 1543

Re: a couple questions on a Morgan Stanley portolio analysis

I'm curious to understand the real value in the PAS... USAA offers similar guidance for free even if you're not a full fledged member (I was one of the advisors at USAA for years). I can't imagine you speak to the same advisor when you call in so there really isn't that 1:1 relationship (unless I'm ...
by investorag83
Thu Mar 14, 2019 10:20 am
Forum: Personal Investments
Topic: Non-Term Life insurance, Seeking your guidance
Replies: 15
Views: 728

Re: Non-Term Life insurance, Seeking your guidance

Couple things: 1) This is not a variable policy. This is a universal life policy. It receives a credited interest rate that can change but it is not market based (variable policies are market based). At one point this was probably earning 8% with a guaranteed 4 but as rates have fallen, so has the c...
by investorag83
Sun Mar 03, 2019 4:31 pm
Forum: Personal Investments
Topic: TSP Matching and Contribution Limits
Replies: 7
Views: 486

Re: TSP Matching and Contribution Limits

tj wrote:
Sun Mar 03, 2019 4:14 pm
investorag83 wrote:
Sun Mar 03, 2019 4:08 pm
Since when do active duty service members get a match in their TSP??
Probably when they started the blended retirement system to replace the larger pension.
Cool...just read that. Good that they're offering it considering that so few now actually get to the pension compared to before.
by investorag83
Sun Mar 03, 2019 4:08 pm
Forum: Personal Investments
Topic: TSP Matching and Contribution Limits
Replies: 7
Views: 486

Re: TSP Matching and Contribution Limits

Since when do active duty service members get a match in their TSP??
by investorag83
Fri Mar 01, 2019 11:22 am
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2774

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

In an attempt to help the OP: TL;DR: The numbers make sense and your math is correct. The problem people get into isn't the math...it's how the policy is constructed to MAKE the math work. Make sure you understand how the death benefit and contributions work together. Try to make this as efficient a...
by investorag83
Fri Mar 01, 2019 10:04 am
Forum: Personal Investments
Topic: Another Edward Jones defector
Replies: 51
Views: 8635

Re: Another Edward Jones defector

I will just give you some examples of how they mislead me. I was talked into an immediate annuity even though I protested that everything I read said that was not a good investment. But I deferred to the “expert “ They converted almost half of my assets into the advisory solutions and downplayed th...