Search found 515 matches

by jjustice
Mon Jun 15, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8179

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

There were a lot of different prices in the period between Feb 20 and May 15. I would hesitate to criticize older people who decided that they had won this game, should stop playing it, and sold before March 12 or after April 21. They might be smiling during the day and sleeping well at night.

John
by jjustice
Tue Jun 09, 2020 4:07 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (May 2020)
Replies: 14
Views: 1219

Re: madsinger monthly report (May 2020)

The STAR fund has starred lately. In fact, it has done very well for the past three years.

I'm happy to see this because my son-in-law chose it for his IRA 3 or 4 years ago when he had only $2,000 to invest. I suppose that with its low minimum it is a kind of poor man's fund.

John
by jjustice
Fri Jun 05, 2020 2:51 pm
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 36
Views: 2347

Re: Should I pull out of TIAA Real Estate...?

A caveat is that I'm not sure how TIAA's valuation timing and methodology might have changed subsequently. But, if they are doing to "mark it to market" on June 30th, pulling out now seems like free money. This is a confusion. Properties are continually revalued with each property getting revalued ...
by jjustice
Sat May 23, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 5018

Re: TIAA warns on negative yields on money market funds

livesoft wrote:
Sat May 23, 2020 10:22 am
TIAA needs to put a warning on their TIAA Real Estate Account as well.
https://www.sec.gov/Archives/edgar/data ... 20x10q.htm

See pp. 69-70.

John
by jjustice
Thu May 21, 2020 9:19 am
Forum: Personal Investments
Topic: TIAA Annuity Help understanding Contact Language
Replies: 23
Views: 1483

Re: TIAA Annuity Help understanding Contact Language

I contribute to TIAA-CREF. It says the current payout is 4.9% for 100% joint survivor. Does that mean the annuity is your accusation x 4.9%? And does that 4.9% change every year? And is that payout for a fixed annuity or variable? The payout chart in the OP has lost its formatting and is difficult ...
by jjustice
Wed May 13, 2020 2:53 pm
Forum: Personal Investments
Topic: Vanguard Wellington Fund vs TIAA-CREF?
Replies: 20
Views: 1888

Re: Vanguard Wellington Fund vs TIAA-CREF?

My wife and I have both TIAA annuity accounts and Wellington fund IRA accounts and are happy with both. One big disadvantage of moving everything to Wellington is that it is not an annuity account. There is great security and ease in annuitizing a portion, or even all, of your TIAA annuity accounts ...
by jjustice
Sat Mar 21, 2020 11:56 am
Forum: Personal Investments
Topic: Adjust 403b contributions?
Replies: 9
Views: 425

Re: Adjust 403b contributions?

I moved my wife's contributions in a TIAA 403(b) to 100% CREF Stock in her RA and to 100% Traditional in her SRA, where Traditional is liquid and can be traded for CREF Stock at any time. I did the same thing for both of us, when I was still working, in October 2008. It worked out well then. I don't...
by jjustice
Sat Mar 14, 2020 7:03 pm
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 76
Views: 5299

Re: TIAA Real Estate Movement

For the 10 years ending 3/12/20, $10K in TREA grew to $23,255 while VNQ, Vanguard's REIT index ETF, grew to $22,823. Looking at the chart shows that the predominant difference in the two is volatility. TREA has a far higher Sharpe ratio. Add VNQ as a comparison in this Morningstar chart. https://quo...
by jjustice
Tue Mar 10, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: Why 5% Rebalancing Bands Are Wrong
Replies: 65
Views: 5071

Re: Why 5% Rebalancing Bands Are Wrong

"I believe 5% rebalancing bands are far too lax. I calculate that 2-3% bands would be more appropriate for most investors." Double Dog I'm pleased to see your argument, Double Dog. I agree with you. In my own case, for a 47.5% stock target, I sell .5% of my total at 50% stock and buy .5% at 45.125%....
by jjustice
Tue Mar 03, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Amended Tax Form 1040X Questions
Replies: 6
Views: 372

Re: Amended Tax Form 1040X Questions

No, you're fine. You don't need to do anything, but I hope that you stated that you are a dependent on another return when you filed. I see eager teenagers create trouble for parents who have not yet filed.

John
by jjustice
Sun Feb 16, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Education Credit Question
Replies: 3
Views: 263

Re: Education Credit Question

Thank you, Katietsu and retiredjg, the answer I needed is on page 53 of Publication 970. You can't double dip with AOC and Coverdell.

John
by jjustice
Sun Feb 16, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Education Credit Question
Replies: 3
Views: 263

Education Credit Question

If you pay for your child's college tuition and fees with 529 or Coverdell funds, can you still claim the American Opportunity Credit?

John
by jjustice
Thu Feb 13, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can an HSA be used to pay IRMMA costs?
Replies: 10
Views: 757

Re: Can an HSA be used to pay IRMMA costs?

Yes, you can no longer contribute to your HSA, but you can use any remaining funds to pay all medical expenses including Medicare premiums, IRMAA, and supplement premiums.

John
by jjustice
Thu Feb 13, 2020 12:48 pm
Forum: Personal Investments
Topic: 3 fund portfolio with TIAA funds from specific plan
Replies: 28
Views: 2015

Re: 3 fund portfolio with TIAA funds from specific plan

As someone who started with TIAA in 1978 and has been happily retired with CREF and TIAA annuities for over six years, I would suggest the following three-fund plan--which actually has a fourth component in it. 1) CREF stock annuity account. This is a well-diversified global fund with 70% domestic s...
by jjustice
Thu Feb 13, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Simple rule for allocation between Traditional vs Roth
Replies: 20
Views: 1867

Re: Simple rule for allocation between Traditional vs Roth

There are two reasons to contribute to a Traditional IRA that I haven't seen mentioned. 1) When you get to be 70.5 years old, you'll be very happy to be able to make qualified charitable distributions from your TIRA. In addition to gratifying your charitable inclinations, they lower AGI (by taking t...
by jjustice
Fri Jan 24, 2020 2:08 pm
Forum: Personal Investments
Topic: ROTH Withdrawal -- Did I Screw It Up??
Replies: 6
Views: 555

Re: ROTH Withdrawal -- Did I Screw It Up??

This is from page 28 of Pub 590-B: "You don't include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s)." https://www.irs.gov/pub/irs-pdf/p590b.pdf So you do not count as income withdrawals of your contributions. John
by jjustice
Mon Jan 20, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: W2 Question
Replies: 31
Views: 1896

Re: W2 Question

Thanks John, appreciate you spelling that out. Just so I’m clear, you think the only thing that may possibly be wrong about my W2 is the 12W box not including my employers $750? I still don’t understand why my amount in Box 1 isn’t my gross (100,000) minus 401K (15,000) minus HSA (2,750). Yes, the ...
by jjustice
Mon Jan 20, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: W2 Question
Replies: 31
Views: 1896

Re: W2 Question

Box 12 Code W is the total contributed by both your employer and you (through a pre-tax cafeteria plan). It is possible, but not likely, that your employer got this amount wrong. Why isn't your part reflected in the difference between Box 1 and Boxes 3 & 5? Because it was deducted before Box 1 was r...
by jjustice
Mon Jan 20, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: ACA - mid year withdrawal and clawback
Replies: 14
Views: 972

Re: ACA - mid year withdrawal and clawback

"The cliff" that you refer to must be an AGI that is more than 400% of the relevant federal poverty line. Sometimes people can get back below that level by an adjustment for a contribution to a traditional IRA. If that tactic won't get you below 400% poverty level, I think that you will have to repa...
by jjustice
Fri Dec 13, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate vs US REITs
Replies: 27
Views: 2040

Re: TIAA Real Estate vs US REITs

Seems to me that the argument that "REITs are stocks" is somewhat superficial in the context of the question posed. REITs are stocks of companies that invest in real estate. Therefore, their value should be tied to the profitability of the underlying real estate and/or to future prospects for same....
by jjustice
Fri Dec 13, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate vs US REITs
Replies: 27
Views: 2040

Re: TIAA Real Estate vs US REITs

REITs are stocks, and they are stocks that have somewhat higher standard deviations and lower Sharpe ratios than average for stocks. TIAA Real Estate is basically a private equity fund that invests in commercial real estate. Its price depends on its income and property values. Over the past three ye...
by jjustice
Mon Dec 02, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tiaa creft 403B rollover to Vanguard pros and cons
Replies: 18
Views: 1338

Re: Tiaa creft 403B rollover to Vanguard pros and cons

CREF: College Retirement Equity Fund. The organization has now changed its name to simply TIAA. If you have a CREF account, then it is an annuity account. There are several different CREF annuity accounts. The largest is CREF Stock, which is a diversified global fund with 70% domestic stocks and 30%...
by jjustice
Tue Nov 12, 2019 11:01 am
Forum: Personal Investments
Topic: TIAA's real estate fund
Replies: 11
Views: 895

Re: TIAA's real estate fund

The linked page mentions only the TIAA Traditional and TIAA Real Estate annuity accounts. Can you put CREF annuity accounts into one of these IRAs that are available because of relationship to someone? I couldn't manage to find out by clicking around.

John
by jjustice
Sun Oct 13, 2019 7:41 pm
Forum: Personal Investments
Topic: What happens to TIAA Traditional RA when employer abandons TIAA?
Replies: 10
Views: 1294

Re: What happens to TIAA Traditional RA when employer abandons TIAA?

I'm pretty sure that the answer is that nothing happens to your TIAA annuity accounts. You have always owned and controlled them, and you will continue to own and control them. The university has no power to re-allocate them--unlike the mutual funds in the retirement plan. The only change is that th...
by jjustice
Fri Oct 11, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the IRMAA
Replies: 15
Views: 1499

Re: Crossing the IRMAA

The IRMAA brackets are indexed to inflation. So the actual brackets for 2021, when your 2019 info will be used, aren't known. However, they are likely to be slightly higher than the published 2020 ones. I don't believe that they are indexed. The MAGI for couples has been $170K for a few years. At l...
by jjustice
Sat Sep 28, 2019 7:12 pm
Forum: Personal Investments
Topic: [TIAA Traditional]
Replies: 4
Views: 656

Re: [TIAA Traditional]

You can buy TIAA Traditional on IRA but the rate is not as good as the one offered through retirement plan. Right. Current contributions to the IRA are earning 1.3%, while current retirement plan contributions are earning 3%. If you can't contribute to an employer's retirement plan, it isn't attrac...
by jjustice
Tue Sep 10, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (August 2019)
Replies: 6
Views: 1137

Re: madsinger monthly report (August 2019)

Wellington continues to be indomitable.

John
by jjustice
Sun Sep 08, 2019 12:03 pm
Forum: Personal Investments
Topic: TIAA Annuities
Replies: 2
Views: 641

Re: TIAA Annuities

TIAA has various annuity accounts, but you are probably referring to the Traditional account. I have had two Traditional annuities for over six years, and I am very happy with them. I have two because TIAA offers a graded-payment alternative for funds that are earning 4% or more at the time of annui...
by jjustice
Mon Sep 02, 2019 12:06 pm
Forum: Personal Investments
Topic: TIAA questions regarding inheriting spousal IRA
Replies: 12
Views: 604

Re: TIAA questions regarding inheriting spousal IRA

Sahara wrote:
Mon Sep 02, 2019 10:47 am
If the surviving spouse can’t roll the IRA into their TIAA, what would you recommend?
Open an IRA with TIAA or another company.

John
by jjustice
Mon Sep 02, 2019 10:20 am
Forum: Personal Investments
Topic: TIAA questions regarding inheriting spousal IRA
Replies: 12
Views: 604

Re: TIAA questions regarding inheriting spousal IRA

RAs and SRAs are 403(b) retirement accounts to which contributions are made by deductions from wages. I'm sure that you cannot roll a spouse's IRA into one of these accounts. An account would need to be an IRA in order to roll an IRA into it. I don't know what an IP account is.

John
by jjustice
Sat Aug 17, 2019 1:56 pm
Forum: Personal Investments
Topic: Wellinton Fund as Moderately Aggresive Alternative?
Replies: 5
Views: 1166

Re: Wellinton Fund as Moderately Aggresive Alternative?

Lastly, as an educator I'm also heavily invested in the TIAA 403(b). What might be a similar TIAA fund, or limited combination of funds, that would mimic the Wellington should you agree with this strategy? No one has answered this question. You can do a very good 65/35 fund with 65% CREF Stock and ...
by jjustice
Wed Aug 14, 2019 2:06 pm
Forum: Personal Investments
Topic: TIAA Retirement Planning
Replies: 13
Views: 967

Re: TIAA Retirement Planning

The excellent TIAA Traditional annuity is a better choice for fixed income than the CREF bond market fund. It will probably return more in the long run, and it will certainly be less volatile. Another advantage of the Traditional account is that you can annuitize it when you retire. TIAA's forte is ...
by jjustice
Fri Jul 19, 2019 10:22 am
Forum: Personal Investments
Topic: Variable Annuity Question
Replies: 8
Views: 596

Re: Variable Annuity Question

Thanks, John, it is a GSRA. What does that mean? What's the ideal option, if I cannot move it from my employer? Is there any way to invest that into a 403b? Should I just leave it alone? It's not hurting anything, and it's Bogleheaded as 90% CREF STOCK and 10% CREF BOND. P Group Supplemental Retire...
by jjustice
Fri Jul 19, 2019 10:00 am
Forum: Personal Investments
Topic: Variable Annuity Question
Replies: 8
Views: 596

Re: Variable Annuity Question

If you put pre-tax money into a TIAA annuity account, you were in a 403(b). Perhaps your institution, like many, was not willing to contribute its own money on your behalf during your first year of employment. You probably put money into an SRA or GSRA, which now tend to be called TDAs. Under any la...
by jjustice
Mon May 06, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Reversion to the Mean Is Dead?
Replies: 63
Views: 7705

Re: Reversion to the Mean Is Dead?

Thesaints wrote:
Sat May 04, 2019 2:01 am
Reversion to the mean is always there, mandated by rather simple mathematics.
It is not uncommon for people to misunderstand it, though.
+1
The mean may have moved a little higher, and the speed of reversion is uncertain.

John
by jjustice
Thu Apr 18, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 46
Views: 7663

Re: What is your one favorite fixed income for retirement?

TIAA Traditional, hands down. You have to work for an institution that has it in its retirement plan. There may be a public IRA version, but it would pay less.
John
by jjustice
Thu Mar 28, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Newbie Question: Taxes on Brokerage Account?
Replies: 10
Views: 1045

Re: Newbie Question: Taxes on Brokerage Account?

We only buy VTSAX in that account (monthly) and never sell/withdraw money from it. Do we pay annual taxes on the gains from that account even if we aren't "realizing gains" by selling? This is a question that I'm frequently asked as an AARP TaxAide. I explain that they have in fact gotten the divid...
by jjustice
Tue Mar 19, 2019 4:26 pm
Forum: Personal Investments
Topic: TIAA Drawdown questions
Replies: 6
Views: 595

Re: TIAA Drawdown questions

I doubt that you can find a better life-time income stream anywhere than TIAA annuities. With TIAA you have the ability to annuitize differing types of funds, so that you can do well in various economic conditions. I started TIAA annuities when I retired in the summer of 2013. I have three or four a...
by jjustice
Fri Feb 15, 2019 11:27 am
Forum: Personal Investments
Topic: Contributed to Roth when exceeding limit
Replies: 20
Views: 718

Re: Contributed to Roth when exceeding limit

I had the same problem and found that Vanguard has a form to remove as much as you need to from the Roth IRA. I'm sure that Fidelity has the same kind of form on its website. Look around. It was easy and quick. I moved the excess into my taxable money market account. John PS Use "excess contribution...
by jjustice
Tue Feb 12, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36840

Re: Tax 2018: Shock and Awe

Yes, I've been shocked. I am a TaxAide volunteer, and the "postcard" 1040 has made it much more difficult to walk clients through their finished returns. The print is smaller, some items have been moved off the 1040, and mysterious check boxes and numbers mark information that has to be chased down ...
by jjustice
Tue Jan 22, 2019 11:11 am
Forum: Personal Investments
Topic: REITs in taxable - new tax law with M1 platform
Replies: 3
Views: 687

Re: REITs in taxable - new tax law with M1 platform

I'm not sure how you arrived at the 17%. Under the new tax law the 199A dividends on REITs get a 20% deduction. So if you're paying 22%, then wouldn't your effective rate be 17.6%?

John
by jjustice
Wed Dec 26, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report my child's income ($1600)?
Replies: 31
Views: 3145

Re: Do I need to report my child's income ($1600)?

If I understand things correctly, here is where the free ride ends: 1) If he makes more than $4,150, then you can't claim the $500 dependent tax credit. 2) If he makes more than the $12,000 single standard deduction, then he has to start paying income tax in the 10% bracket until he gets to an AGI ...
by jjustice
Wed Dec 26, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report my child's income ($1600)?
Replies: 31
Views: 3145

Re: Do I need to report my child's income ($1600)?

I saw one article that says that if your dependent kid is older than 16 and has any gross income at all (even one penny), then you can't get the $500 tax credit. Is that true? No, that is not true. To get the "other dependent" credit of $500, one needs only to have a dependent other than a child be...
by jjustice
Wed Dec 26, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to report my child's income ($1600)?
Replies: 31
Views: 3145

Re: Do I need to report my child's income ($1600)?

If you are talking about earned income (i.e. from a job), the dependent child can earn up to $12,000 without a filing requirement.

John

PS If he had tax withheld, he should file to get a refund--as jebmke said above.
by jjustice
Fri Nov 09, 2018 1:41 pm
Forum: Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 41
Views: 3262

Re: TIAA R1 With Painfully High Expenses - stuck?

The accounts labeled 'TIAA' (Traditional and Real Estate) are the same price for everyone everywhere. It is the CREF annuity accounts and the mutual funds that vary in their expense ratios. Many think that TIAA Traditional and TIAA Real Estate are their best offerings. I also like CREF Stock with it...
by jjustice
Sat Sep 15, 2018 7:31 pm
Forum: Personal Investments
Topic: TIAA near-retiree begins to consider retirement now
Replies: 22
Views: 1558

Re: TIAA near-retiree begins to consider retirement now

#4 You definitely should go to the TIAA forum in the discussion groups at Morningstar. You can learn a lot even if you don't join in. Like any online forum, there will be much that is irrelevant to you; but if you browse through recent threads, you'll find it very educational. #1 I don't think that ...
by jjustice
Thu Sep 13, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: [TIAA: Can initial payout rate go down?]
Replies: 5
Views: 448

Re: TIAA: Help with Payout Options

InMyDreams, yogibearbull answered your question with a quotation from TIAA on the second page of the TIAA forum thread that you linked in your post. Briefly, since 1995 there have been only increases, but decreases are possible and have occurred. TIAA Traditional is what is called a participating an...
by jjustice
Wed Sep 12, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: TIAA: Help with Payout Options
Replies: 24
Views: 2585

Re: TIAA: Help with Payout Options

Does TIAA publish a table of vintage rates and their dates? I have no idea what my vintage rates actually are. Yes, you can find it at the link below. Contributions from 1/1/12 through 12/31/16 are currently ineligible for the graded method payout. All other contributions are eligible. https://www....
by jjustice
Wed Sep 12, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: TIAA: Help with Payout Options
Replies: 24
Views: 2585

Re: TIAA: Help with Payout Options

I've heard about the "graded payout" but I don't know if my money qualifies. That was on my list of questions to ask. I'm assuming level payout is a steady amount and graded fluctuates with the stock market? Can this option be applied to Tradition or just to the variable portion? Graded payout is a...