Search found 42 matches

by qilin
Wed May 02, 2012 6:08 pm
Forum: Personal Investments
Topic: Small Business 401k
Replies: 2
Views: 818

Re: Small Business 401k

I had similar questions before: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=61400 http://www.bogleheads.org/forum/viewtopic.php?f=1&t=66589 I ended up using a TPA and Fidelity non-prototype accounts for a safe harbor 401k plan for 4 persons. I pay fixed amount administration fee year...
by qilin
Tue Jan 24, 2012 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

I did meet another agent around the time I stopped paying premium for my 1mil policy and obtained an inforce illustration based on a hypothetical rate of return of 4% with a net rate of 3.55% with current charges. This is a multiple page illustration and seems impossible to post here, but I'll put s...
by qilin
Sat Jan 21, 2012 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

thanks a lot dhodson, I'll try to get the inforce illustrations and post back.
by qilin
Sat Jan 21, 2012 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

Now I see if I don't need or want a permanent death benefit. I should get rid of these policies as soon as possible. Let me say I want a permanent death benefit in the amount of the face value of my current VULs, about 1.5mil, what would you recommend? Keep the VUL or try to exchange to a whole life...
by qilin
Sat Jan 21, 2012 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

he is a previous insur comm from vermont here is his updated article on the topic http://www.consumerfed.org/elements/www.consumerfed.org/file/finance/VariableUniversalLife2007ReportPackage.pdf bottom line, i like you were mislead. Unfortunately as physicians, we tend to believe that other people u...
by qilin
Sat Jan 21, 2012 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

I came across this article titled "Variable Universal Life Insurance: Is it Worth it?": http://www.consumerfed.org/pdfs/VULReport0203.pdf The author doesn't seem to be an agent and did recommend on many cases to keep the VUL. I am one of the typical doctor victims of the sale and the conce...
by qilin
Fri Jan 20, 2012 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 3733

Re: Variable Universal and Equity Index Life Insurances Ques

I have similar problems and still have not decided what to do. A previous similar discussion can be found here:
http://www.bogleheads.org/forum/viewtop ... =1&t=60508
I asked the same question over one year ago but have put off since. I did stop paying premiums for my 1M plan.
by qilin
Thu Jan 27, 2011 11:23 pm
Forum: Personal Investments
Topic: An employer trying to change our 401 K
Replies: 19
Views: 3732

You're welcome Tavi. I'm glad this works for you. I'm also new and learning. This forum surely helps.
by qilin
Tue Jan 25, 2011 3:17 pm
Forum: Personal Investments
Topic: An employer trying to change our 401 K
Replies: 19
Views: 3732

I just set up non-prototype accounts recently at Fidelity for my safe harbor 401k plan. If you are a partner of the business, this may be a possiblity for you. You will need a trustee to sign the application form and grant trading authority for you and a copy of your plan documents.
by qilin
Sun Jan 23, 2011 7:36 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Hi: 1. Could you check your listing again because my calculation came up with more than 100% total? Did I miss anything? You were right, forgot to change his SEP percentages. 2. Currently, you have 13 separate accounts with 23 different funds. I would combine two funds in METLIFE accounts to either...
by qilin
Sun Jan 23, 2011 12:48 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

It's been a few months since I started asking questions here. There has been some changes so I would like you guys to take a look at my current portfolio. Refinanced mortgage, Debt: $415k mortgage, rate 3.625% 15 year fixed. Desired Asset allocation: (65/35, changed from 70/30) Intl allocation: 25% ...
by qilin
Thu Oct 28, 2010 7:50 pm
Forum: Personal Investments
Topic: Variable Universal Life help
Replies: 11
Views: 3474

A bit details of my numbers: Her 150k policy since 2000: total premiums paid: $10778 surrender value $8135 surrender charge $466 His 400k policy since 2000: Total premium paid: $21868 surrender value $17000 surrender charge $1550 His 1M policy since 12/2007: total premium paid: $27720 surrender valu...
by qilin
Tue Oct 26, 2010 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

Found a post from last year related to this topic:
http://www.bogleheads.org/forum/viewtopic.php?p=501165
by qilin
Tue Oct 26, 2010 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

fcirullo wrote:If your TPA can work with Schwab or Fidelity, set your plan up at one of those brokerage firms.
Thanks for the advice. I'll probably do it this way for now. That will take care of Step 2 too I guess.
by qilin
Mon Oct 25, 2010 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

It appears that your TPA does not have the necessary software to work with Vanguard. Other Third party Administrators have the proper software, and they would be happy to get index funds for your plan that has three employees. Now I see where is the problem. My TPA does not offer the same package a...
by qilin
Mon Oct 25, 2010 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

The problem is this: You hired a vendor (TPA) before you decided on which mutual funds you want to use in your plan. Now, you are finding out that your TPA cannot work with certain brokerage firms to get the index funds you want, right? I just called Vanguard and verified that they do not offer inv...
by qilin
Mon Oct 25, 2010 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

Now I am still at Step 2: In order to pick funds, I need to decide which company I can use first. My TPA told me I can not use pooled account - I need to give each individual their own account so they can management their own funding. So Vanguard is not an option - No more FBO accounts as of last ye...
by qilin
Thu Oct 21, 2010 5:52 pm
Forum: Personal Investments
Topic: Variable Universal Life help
Replies: 11
Views: 3474

I'm in the same situation at this time. I have two policies for my wife and myself, sold to us ten years ago, and one sold to us 4 years ago, with more money involved. I'm thinking of paying the penalty and surrender the older ones since the amount is not high - consider this as I bought very expens...
by qilin
Sat Oct 16, 2010 4:40 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

vesalius wrote:If it is only you and your wife on the payroll Vanguard has a good individual 401k. Check https://personal.vanguard.com/us/whatwe ... llbusiness
I have two other employees.
by qilin
Sat Oct 16, 2010 2:14 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

Paying 1/2 of 1% for a Bond fund wouldn't be suggested when you pay 1/5 of that for Total Bond Admiral. Similarly for US Stocks and Foreign Stocks. That said, I don't see the ERs as terrible - as long as the surrender charges are significant and you are saving money by staying at Metlife. Metlife a...
by qilin
Sat Oct 16, 2010 10:25 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

I have made a plan to construct the following portfolio after all the rollovers are done: Her SEP at Vanguard: 7.2% Vanguard Total Stock Market Index Admiral (VTSAX) 0.07% 5.9% Vanguard total Bond Mkt Index (VBMFX) 0.22% Her Rollover IRA at Vanguard (from IRA at MetLife, 403b at Metlife and IRA at M...
by qilin
Thu Oct 14, 2010 8:31 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

YDNAL wrote:You should sell the Preference Plus Annuity (in both IRAs), put the money in a Money Market fund, then ask Vanguard to initiate a custodian -> custodian rollover of the IRAs.
Does it make any difference if I do this first or let Metlife liquidate the account prior to rollover?
by qilin
Wed Oct 13, 2010 9:04 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Finally looked at the cost of my SEP at MetLife MFFS class B: American Funds: American Funds Bond 0.64 American Funds Global Small Capitalization 1.01 American Funds Growth 0.6 American Funds Growth-Income 0.54 Calvert Fund: Calvert VP SRI Balanced 0.91 Met Investors Fund: American Funds Balanced Al...
by qilin
Wed Oct 13, 2010 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

Education is easy when it's done right! Agreed. Never give up on employees ... Will certainly try not to give up. What clicked in your mind that led you to this Web site? Something similar will click in the mind of employees, too. I have been an employee on salary until recently when I started my o...
by qilin
Wed Oct 13, 2010 7:34 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Let me suggest a couple alternatives

Just as you learned to be careful of a friends advice on metlife, be VERY careful with anyones advice. Thanks vesalius, couldn't agree with you more. Part of my previous ignorance was due to my own laziness, or simply due to my personality, I'd rather spend more time on my profession instead of fin...
by qilin
Wed Oct 13, 2010 6:47 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Let me suggest a couple alternatives

It sounds like you were raised to believe in mutual funds and buy-and-hold and diversification and all that sort of stuff. After this past decade, I have lost faith. There is lots that you can do to significantly increase your investing return. Don't settle for the 80s strategy of throwing it all i...
by qilin
Tue Oct 12, 2010 9:43 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

If the Roths have between 1k and 3k, you can put them into Vanguard Star (VGSTX) for now. It's a balanced 60/40 stock/bond allocation Vanguard fund of funds. With a small balance, this should not change your desired allocation computation by much Requested to have her Roth transfered to Vanguard. N...
by qilin
Tue Oct 12, 2010 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

Step 1: was a statement Step 2: when I mentioned to my TPA a week ago about the idea of using Vanguard or Fidelity instead of a FA, she mentioned she might be able to work with Fidelity. I will follow up on that and post back when I have a clear answer. In terms of employee education, my current emp...
by qilin
Tue Oct 12, 2010 2:44 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

YDNAL wrote:A deposit in Vanguard's Total Stock Market on 4/15/2009 of $10,000 is worth about $14,500 or 45% return equivalent to about 30% annual return.
Now I get the picture. I probably shouldn't even bother wasting time doing further research. Lession learned and I have to move forward.
by qilin
Tue Oct 12, 2010 1:35 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

A quick calculation gave me this: current balance - initial deposit on 4/15/2009 / initial deposit = 8.08%.
What do you think?
by qilin
Tue Oct 12, 2010 10:38 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

In today's interest rate environment, a "guaranteed 6% return" sounds similar to that $10K Benz. But, I guess you must find out for yourself. That's exactly what I have to do, especially since I've already had money in it. Now this part does not appear to be that straightforward. Since mo...
by qilin
Tue Oct 12, 2010 6:50 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

It just occurred to me that if my SEP annuity accounts at MetLife have a 6% garranteed return, maybe I should rollover my Vanguard and Fidelity SEPs to these. Of course, I'll need to find out what's the hidden cost and catches.
by qilin
Mon Oct 11, 2010 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a 401(K) plan
Replies: 293
Views: 68544

Wow, this is a lot to read for one night. Frank, I want to thank you again for leading me to this thread, and yes I read every post. Of course, I'll have to come back to many of the posts again. ramzi, please keep us updated about your experience so far. Ok, I did not have the right sequences of the...
by qilin
Mon Oct 11, 2010 8:06 pm
Forum: Personal Investments
Topic: Small business 401k question
Replies: 3
Views: 1080

Frank,
Thank you! Exactly what I need, it's gonna take a while for me to finish reading the whole thread. I'm sure I'll have questions after that.

synergy,
I've been using SEP until this year. We are top-heavy and I can not afford SEP since the other employees are now eligible.
by qilin
Mon Oct 11, 2010 5:51 pm
Forum: Personal Investments
Topic: Small business 401k question
Replies: 3
Views: 1080

Small business 401k question

I have a small professional business planning to start profit sharing 401k plan this year. I have hired a provider setting up the plan but have not decided on the investment carrier. Given my previous disappointing experiences with FAs, I am thinking of doing this myself. I wonder if anyone here can...
by qilin
Mon Oct 11, 2010 5:40 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Thanks you all for the great inputs! I definately have a lot more to learn but you guys have helped a lot so far.
Now I am interested to know your opinion about Metlife Flexible Premium Multifunded Life insurance.
by qilin
Mon Oct 11, 2010 1:50 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

With that said, I believe that the Utah 529 has the lowest administrative costs and expense ratios. This would be the one to do research into, unless another plan has undercut Utah's low expenses :) I will take a look. Vanguard has a plan sponsored by Nevada. Fidelity has a UNIQUE College Investing...
by qilin
Mon Oct 11, 2010 1:27 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

If the Roths have between 1k and 3k, you can put them into Vanguard Star (VGSTX) for now. It's a balanced 60/40 stock/bond allocation Vanguard fund of funds. With a small balance, this should not change your desired allocation computation by much. Thanks, will do that. 4) 529: what state do you liv...
by qilin
Mon Oct 11, 2010 11:54 am
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

Yes, the information you provided indicates there should be no surrender charge in both IRAs. You should sell the Preference Plus Annuity (in both IRAs), put the money in a Money Market fund, then ask Vanguard to initiate a custodian -> custodian rollover of the IRAs. This alone represents 1/2 of a...
by qilin
Sun Oct 10, 2010 6:31 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Thanks a lot centrifuge41, You helped a lot. Can I roll both IRA's from annuity to a non-annuity IRA account I can open at Vanguard? I can roll the Morgan Stanley one over too to the same account. I just realized that I don't have to replicate the allocations between different places, I just need to...
by qilin
Sun Oct 10, 2010 4:25 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Re: Help re-structure current portfolio

I show in the quote only the accounts in annuities. This is about 50% of the total portfolio of $150K. What type of surrender fees come with these annuities and how long have you had them? Both IRA were set up in 2000, 7% withdraw charge for year 1, reduce by 1% per year Both Roth were set up in 20...
by qilin
Sun Oct 10, 2010 12:25 pm
Forum: Personal Investments
Topic: Help re-structure current portfolio
Replies: 36
Views: 5735

Help re-structure current portfolio

Have been using MetLife for most of retirement investment in the past and just came across this forum. No experience in investing but am willing to learn - started to read and ordered several books recommended in the forum. Would appreciate some help here. Emergency funds: 3-4 months expenses Debt: ...