Search found 493 matches

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: 14
Views: 893

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: 835

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: 1010

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: 1378

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: 587

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: 1029

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: 581

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: 557

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: 557

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: 1114

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: 890

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: 567

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: 567

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: 7448

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: 7070

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: 991

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: 567

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: 703

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: 35315

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: 609

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: 3084

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: 3084

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: 3084

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: 3143

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: 1511

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: 417

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: 2312

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: 2312

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...
by jjustice
Tue Sep 11, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA: Help with Payout Options
Replies: 24
Views: 2312

Re: TIAA: Help with Payout Options

I began my TIAA annuities in the summer of 2013. I have annuities from CREF Stock, TIAA Real Estate, and TIAA Traditional (both standard and graded method). I preferred graded method because I like to have an increasing income, but not all of my vintages (i.e. contributions made at different times) ...
by jjustice
Tue Aug 14, 2018 6:54 pm
Forum: Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 2640

Re: Help explain TIAA Traditional to me

Probably the best single source of information about TIAA Traditional is TIAA's white paper. https://www.tiaa.org/public/pdf/compliance/tiaa-traditional-white-paper.pdf All of the fixed income in my retirement account is in Traditional. It is steadier, and may have a higher return over the next few ...
by jjustice
Sat Aug 04, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: What’s your Value Colombian coffee?
Replies: 53
Views: 4077

Re: What’s your Value Colombian coffee?

deanbrew wrote:
Wed Aug 01, 2018 2:11 pm
I enjoy coffee, but it hasn't become a hobby or obsession with me. I buy 8 O'Clock 100% Columbian coffee as my regular, go-to. It's the best mass-produced coffee I've found, and is an excellent value.
+1

John
by jjustice
Tue Jul 17, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecasts are worse than a toss of a coin
Replies: 47
Views: 5256

Re: GMO 7 year forecasts are worse than a toss of a coin

I don't understand. How are seven-year forecasts to be evaluated? By how close one of them got? Does GMO say that their forecasts will never turn out to be way off? They surely are not that naïve. I seem to remember that Professor Tower of Duke University did an analysis of GMO forecasts over a peri...
by jjustice
Sun May 27, 2018 11:08 am
Forum: Personal Investments
Topic: What would you do: TIAA traditional vs. TREA?
Replies: 39
Views: 2780

Re: What would you do: TIAA traditional vs. TREA?

I basically second Wizard's advice. My qualification would be that 70% equities is rich even for a young person. People are requiring a smaller equity risk premium these days, so equities may not be the money-makers in the future that they were in the past. I might completely agree with Wizard if th...
by jjustice
Fri May 25, 2018 7:13 pm
Forum: Personal Investments
Topic: TIAA TRAD as Fixed Income in my AA?
Replies: 9
Views: 1120

Re: TIAA TRAD as Fixed Income in my AA?

In any event, I think you will get a 3% yield from bond funds or more going forward, but that TIAA Trad will be stuck at paying 3% for a while. You must be thinking of Traditional's 3% guarantee. Its actual accumulating rate has been 4% for quite a while, and I would not be surprised to see it go u...
by jjustice
Fri May 25, 2018 3:25 pm
Forum: Personal Investments
Topic: TIAA TRAD as Fixed Income in my AA?
Replies: 9
Views: 1120

Re: TIAA TRAD as Fixed Income in my AA?

I would not be 100% TIAA TRAD myself. It is good to have when bond fund prices are dropping, but not so good when bond fund prices are recovering. Since bond fund prices have already dropped quite a bit, I think the ship has sailed this time. Traditional may indeed do relatively better when rates a...
by jjustice
Sun May 20, 2018 6:48 pm
Forum: Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 7884

Re: TIAA Real Estate

I hate to break it to you but the returns already have dropped below Traditional, dramatically in some cases, depending on the time period you choose to measure. ?? You would have to do some very motivated cherry picking to find a recent period where TIAA Real Estate has returned less than illiquid...
by jjustice
Sat May 19, 2018 4:19 pm
Forum: Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 7884

Re: TIAA Real Estate

I hate to break it to you but the returns already have dropped below Traditional, dramatically in some cases, depending on the time period you choose to measure. ?? You would have to do some very motivated cherry picking to find a recent period where TIAA Real Estate has returned less than illiquid...
by jjustice
Fri May 18, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3776

Re: both spouses not wait for SS ?

So she was not yet 62 on January 1, 2016 and is not eligible to do a restricted application for the spousal benefit while waiting to take her own benefit at 70. But you can. When you reach 66 (FRA), she can start her social security and you can do a restricted application. For four years you'll get ...
by jjustice
Thu May 10, 2018 10:02 am
Forum: Personal Investments
Topic: TIAA Traditional annuitization vs. cash out
Replies: 16
Views: 2603

Re: TIAA Traditional annuitization vs. cash out

Do you happen to remember "how much less" (percentage less) the graded cost back in 2013? (That's probably age-dependent, in addition to the age factor of any annuity itself?) I take your question to be about how much more I would have gotten on my first payment if it had all been standard payout. ...
by jjustice
Thu May 10, 2018 8:59 am
Forum: Personal Investments
Topic: TIAA Traditional annuitization vs. cash out
Replies: 16
Views: 2603

Re: TIAA Traditional annuitization vs. cash out

Ah - you've got both graded and not. For those two TIAA Trad Annuity lifetime incomes, are you able to compare the percentage (or yearly average percentage) of the *increase*? I began my Traditional annuities on August 1, 2013. Using the CPI-U index for July 2013 and April 2018, inflation has been ...
by jjustice
Wed May 09, 2018 6:38 pm
Forum: Personal Investments
Topic: TIAA Traditional annuitization vs. cash out
Replies: 16
Views: 2603

Re: TIAA Traditional annuitization vs. cash out

Speaking from personal experience, I am very happy on the first of the month to get an annuity check that I know will continue through both my and my wife's lifetime. Five years ago I started four annuities with TIAA. They were CREF Stock, TIAA Real Estate, TIAA Traditional graded payment, and TIAA ...
by jjustice
Mon May 07, 2018 9:44 am
Forum: Personal Investments
Topic: TIAA Guaranteed Annuity
Replies: 83
Views: 6687

Re: TIAA Guaranteed Annuity

The definitive information from TIAA about Traditional is in this white paper:

https://www.tiaa.org/public/pdf/complia ... -paper.pdf

John
by jjustice
Thu Apr 19, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: What is best strategy for taking RMD from VG IRA
Replies: 26
Views: 4956

Re: What is best strategy for taking RMD from VG IRA

I have a suggestion: qualified charitable distributions. Following up on the previous poster's suggestion of consolidation, you could put it all into two funds: a LifeStrategy fund and the Prime money market fund. Then you can write checks on the money market fund (minimum $250) directly to qualifie...
by jjustice
Tue Jan 30, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 7721

Re: Wow: Shiller PE is 34.52

Don't you mean, unless you are a long-term investor? Buying (broad index) stocks in 1999 was profitable, for example. Took a bit of time though. I see your point, but I wouldn't say that buying US stocks in 1999 was a profitable activity, since saving that money and investing it a few years later w...
by jjustice
Tue Jan 30, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 7721

Re: Wow: Shiller PE is 34.52

The CAPE can certainly tell you when it is not a profitable time to buy US stocks--unless perhaps you are a short-term trader.

John
by jjustice
Tue Jan 30, 2018 10:31 am
Forum: Personal Investments
Topic: Revisiting Annuity vs. Lump Sum decision
Replies: 10
Views: 1214

Re: Revisiting Annuity vs. Lump Sum decision

You would probably find Dirk Cotton's January 26 essay on retirement strategy helpful in making your decision.
http://www.theretirementcafe.com/

John
by jjustice
Thu Jan 18, 2018 2:26 pm
Forum: Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1905

Re: Rebalancing bands tighter than 5 / 25?

I think that some suggested bands take trading costs and capital gains taxes into account. It also matters what the alternative to stock is. In my retirement funds, where I have neither costs nor taxes and my alternative is TIAA Traditional, the equity target is 50%. When it reaches 52.5% I exchange...
by jjustice
Wed Jan 10, 2018 5:01 pm
Forum: Personal Investments
Topic: TIAA vs Vanguard Index Funds
Replies: 3
Views: 1434

Re: TIAA vs Vanguard Index Funds

If you are not going to establish an annuity, there is no reason to stay in annuity accounts. Many TIAA clients, including me, are happy to have a lifetime annuity.

John
by jjustice
Fri Nov 03, 2017 2:57 pm
Forum: Personal Investments
Topic: Should I max out 403(b) on last check?
Replies: 9
Views: 1233

Re: Should I max out 403(b) on last check?

Teague wrote:
Fri Nov 03, 2017 9:51 am
Should I stick $9k in these tax-deferred accounts from my final check, or my usual $2-4K?
Neither. Put it all in your taxable account or spend it on something for your family. Congratulations on a secure retirement!

John
by jjustice
Fri Nov 03, 2017 12:39 pm
Forum: Personal Investments
Topic: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds
Replies: 12
Views: 1721

Re: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds

If they need to annuitize in year 2057, they can transfer dollars into CREF Stock at that time, with zero disadvantages. Yes, in theory. I often hear and read this, but I have never heard or read of anyone who actually funded a CREF annuity with money he or she had saved up in equity mutual funds. ...