Search found 18 matches
- 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...
- 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...
- 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...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- 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,...
- 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
Yes. Just because an alternative is lower in fee doesn't mean this wouldn't pass the fiduciary standard.
- 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...
- 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...
- 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 ...
- 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...
- 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
Cool...just read that. Good that they're offering it considering that so few now actually get to the pension compared to before.tj wrote: ↑Sun Mar 03, 2019 4:14 pmProbably when they started the blended retirement system to replace the larger pension.investorag83 wrote: ↑Sun Mar 03, 2019 4:08 pmSince when do active duty service members get a match in their TSP??
- 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??
- 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...
- 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...