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by Oicuryy
Thu Mar 14, 2024 1:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34728

Re: Vanguard Announces CEO Retirement and Appointment of President

Section 1b of Vanguard's brokerage agreement lays out their policy on providing customer service by phone. Do we expect a new CEO to change that policy?

Ron
by Oicuryy
Sun Mar 03, 2024 1:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34728

Re: Vanguard Announces CEO Retirement and Appointment of President

billaster wrote: Sun Mar 03, 2024 1:10 pm You can see the board of directors of the Vanguard here:
https://corporate.vanguard.com/content/ ... 32b2b9-tab

The trustees for each fund vote on the members of the board of directors. The board of directors is responsible for hiring the CEO and other managers.
The funds' trustees have appointed themselves as directors of Vanguard Group Inc.

Ron
by Oicuryy
Fri Mar 01, 2024 11:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34728

Re: Vanguard Announces CEO Retirement and Appointment of President

If Buckley gets replaced on the board will that trigger a vote on the trustees? Anyone care enough about how Vanguard is run to put up an alternate slate of trustees?

Maybe Rick Ferri could invite Mr. Loughridge and the other trustees to appear on his podcast and campaign for reelection.

Ron
by Oicuryy
Sat Feb 24, 2024 10:52 am
Forum: Personal Investments
Topic: Help me understand/untangle my parent's variable annuity
Replies: 11
Views: 2143

Re: Help me understand/untangle my parent's variable annuity

It sounds like your father does not need longevity insurance. He is not at risk of outliving his money. In that case, the lifetime withdrawal benefit is just a bet that he will live longer than the average lifetime of all the people in the annuity pool. To "win" that "bet" he would have to live past the date the annual lifetime withdrawals reduce his account value to zero. Seems like he could find better things to do with that $60k than make that bet. If dad were to fully surrender now (option (a) above), and based on the numbers you provided, he would have ordinary taxable income on the excess of his "gain" over his "basis". Assuming that he paid the premium with cash years ago, then the current basi...
by Oicuryy
Fri Feb 16, 2024 10:05 am
Forum: Investing - Theory, News & General
Topic: The nature of money and loans, per John Hussman's comments
Replies: 26
Views: 3176

Re: The nature of money and loans, per John Hussman's comments

Carsson3 wrote: Thu Feb 15, 2024 1:05 pm What is contentious that is referenced in my post is a Stanford-educated Ph.D. economist, and financial firm head, seemingly questioning why we call the increase in the seller's bank deposit account "money". Yes, he goes against orthodoxy here, but he is not to be lightly dismissed either. That was the point of the post. Advancing understanding often begins with seeing anomalies, odd things that don't fit, and trying to see what is behind them, if anything at all.
If we didn't call bank deposits money then we couldn't say banks create money out of thin air. Hussman thinks that phrase trivializes the importance of the credit intermediation that banks do. That's how I read it.

Ron
by Oicuryy
Thu Feb 15, 2024 10:20 am
Forum: Investing - Theory, News & General
Topic: The nature of money and loans, per John Hussman's comments
Replies: 26
Views: 3176

Re: The nature of money and loans, per John Hussman's comments

Money is an IOU that everyone accepts as payment for goods and services because everyone accepts it as payment for goods and services.

Borrowing from a bank is an exchange of IOUs. The borrower writes an IOU to the bank that only the bank will accept. The bank writes an IOU to the borrower that everyone will accept.

Ron
by Oicuryy
Mon Jan 15, 2024 5:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article: Do Stocks Really Make Sense for the Long Run?
Replies: 180
Views: 26825

Re: Morningstar article: Do Stocks Really Make Sense for the Long Run?

Here is a telltale chart of some of McQ's data.

Image

When the line goes up stocks beat bonds. When the line goes down bonds beat stocks. Note the log (base 2) scale on the y-axis. When the line goes up from one gridline to the next stocks gained twice what bonds gained. When the line goes down from one gridline to the next bonds gained twice what stocks gained.

Over the entire period from 1793 to 2019 stocks gained about 62 times what bonds gained. But all of that excess gain came in the period from 1933 to 2019. Looks to me like an event in 1933 changed the game for stocks and bonds.

Ron
by Oicuryy
Sun Dec 10, 2023 4:00 pm
Forum: Investing - Theory, News & General
Topic: Bonds in Portfolio? Why...I am so confused
Replies: 388
Views: 88353

Re: Bonds in Portfolio? Why...I am so confused

Would a telltale chart help?
https://portfoliotoolbox.com/telltale-c ... bols=VBTLX

Bonds shine when stocks go south like 2002 and 2008. Most of the rest of the time they are a bit of a drag.

Ron
by Oicuryy
Sat Dec 09, 2023 11:48 am
Forum: Investing - Theory, News & General
Topic: Bonds in Portfolio? Why...I am so confused
Replies: 388
Views: 88353

Re: Bonds in Portfolio? Why...I am so confused

bg5 wrote: Sat Dec 09, 2023 10:41 am I guess the thing I dont understand the most is why not just put that money in cash instead of bonds? Seems like bonds you might make a tiny bit more than cash but is that tiny amount worth the risk? Just doesnt seem like the bond market is great even over a 23 year period....I am guessing that I probably dont understand the purpose of bonds because I know there are alot smarter people on this forum than me so I know I am missing something
You're right. If you need to temper the volatility of an all-stock portfolio, then you want to add cash or some similar non-volatile asset. See this blog post.
https://www.bogleheads.org/blog/2015/11 ... n-of-risk/

Ron
by Oicuryy
Fri Dec 08, 2023 9:41 am
Forum: Personal Investments
Topic: variable annuity options
Replies: 5
Views: 868

Re: variable annuity options

Rereading your post, I see that Dad is 92. Is that 4.4k a withdrawal under the terms of a guaranteed lifetime withdrawal benefit (GLWB). If so, he should consider whether he needs the longevity insurance the GLWB provides. He would need to live another 51/4.4 = 11.6 years to collect on that insurance. He might me able to cancel the rider and save the fee for the charity.

But if he doesn't need the longevity insurance then does he need the annuity? What is his tax bracket? Is the benefit of tax-deferred growth worth the expense ratio and M&E fee?

Have you talked to the charity? They might know ways that the 51k can benefit both them and your father.

Ron
by Oicuryy
Thu Dec 07, 2023 10:25 pm
Forum: Personal Investments
Topic: variable annuity options
Replies: 5
Views: 868

Re: variable annuity options

This link should take you close to the death benefit section of the prospectus.
https://vpx.broadridge.com/summarydocum ... 26751c3_28
As I read it, you father can take the death benefit or continue the contract.

Earnings on non-qualified deferred annuities are subject to federal income tax. But since there are no (remaining) earnings on your annuity, no tax. I believe death benefits are taxable. Don't know about state taxes. Could it be a premium tax?

My condolences to you and your father.

Ron
by Oicuryy
Mon Dec 04, 2023 2:50 pm
Forum: Investing - Theory, News & General
Topic: Why is a term certain annuity better than CD ladder (or CD's)?
Replies: 23
Views: 2318

Re: Why is a term certain annuity better than CD ladder (or CD's)?

I think you need a 6.01% interest rate from an annuity due.
=RATE(5,67200,-300000,,1)

Or 3.90% from an ordinary annuity.
=RATE(5,67200,-300000,,0)

Ron
by Oicuryy
Sun Dec 03, 2023 3:49 pm
Forum: Investing - Theory, News & General
Topic: Fixed index annuities for income in retirement
Replies: 59
Views: 9743

Re: Fixed index annuities for income in retirement

tphp99 wrote: Sun Dec 03, 2023 8:51 am My question for folks here is: how can they be guaranteed 7%.
Ask the salesman for a copy of the disclosure document for that annuity. The gotchas are in there.

Ron
by Oicuryy
Wed Nov 29, 2023 9:28 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

So is the exact charge for number 3 detailed? Close enough. The annual rate is in the prospectus. For that annuity the mortality and expense risk charge is 0.35% and the administration charge is 0.10%. How is/was the number of annuity units calculated? Need a mortality assumption for that. Could be hugely in the insurance company's favor, or not. No way to tell based on the prospectus. True. But the same thing is true for immediate fixed annuities. In my case, a table in the contract told me the rate for the first payment was 8.32 per 1000. And the AIR was 4%. So I could calculate roughly how many months I need to live to beat the odds. =NPER(1.04^(1/12)-1,8.32,-1000,,1) = 152.3379 Will I live past 87? Probably not. But I have some longevi...
by Oicuryy
Wed Nov 29, 2023 7:24 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

Rex66 wrote: Wed Nov 29, 2023 5:50 pm What is the exact formula how that translates to next years payments and is that guaranteed.
Image

Image

That is from the prospectus for the Schwab Genesis variable annuity.
https://protective.onlineprospectus.net ... !5fPRO.pdf

Ron
by Oicuryy
Wed Nov 29, 2023 5:18 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

Rex66 wrote: Wed Nov 29, 2023 11:45 am They are not disclosed typically just like a regular spia
Why do you say the fees are not disclosed? Here is a page from Schwab for one of the variable annuities it sells. It clearly shows the 0.45% fee and compares it to the 1.29% industry average. More details are in the prospectus. Every variable annuity discloses its fees in the prospectus.
https://www.schwab.com/annuities/variab ... le-annuity

Ron
by Oicuryy
Wed Nov 29, 2023 11:03 am
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

GaryA505 wrote: Wed Nov 29, 2023 9:57 am I'm still trying to get my head around what the heck a "variable SPIA" is. I understand MYGA, SPIA, DIA, FIA, etc.
Imagine you fund part of your retirement income buy selling a fixed number of shares of one or more mutual funds every month. The risk is that you will run out of shares before you die. So you buy a contract from an insurance company that guarantees your shares will last until you die. That is the idea behind an immediate variable annuity.

Ron
by Oicuryy
Mon Nov 27, 2023 12:28 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

In my view, the main value of insurance products is the insurance, i.e. the guarantees. If I'm buying an annuity, I'm not doing it for some sort of tax break or great investment or anything, I'm doing it because I want a guaranteed income. Same with life insurance. You buy term insurance for the death benefit. You buy whole life because you want cash value and a death benefit that is guaranteed to increase at some (admittedly very low) rate. So when you start looking at insurance products WITHOUT guarantees, like variable annuities or index universal life or whatever, I kind of wonder what the point is. If you want something with variable returns, standard investments like stocks, bonds, and real estate will do that just fine and likely ou...
by Oicuryy
Sun Nov 26, 2023 4:14 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

Purchases were split roughly 50:50 between Equity Income portfolio and Equity Index portfolio. I never rebalanced. It was 48% Equity Income, 52% Equity Index at annuitization.

Transamerica's Advisory Annuity is similar and open for new customers. But TA can be difficult to deal with.
https://www.transamerica.com/annuities/advisory-annuity


Ron
by Oicuryy
Sun Nov 26, 2023 3:15 pm
Forum: Investing - Theory, News & General
Topic: Why not a variable SPIA?
Replies: 88
Views: 7410

Re: Why not a variable SPIA?

Tib wrote: Sun Nov 26, 2023 3:04 am (Or if different terminology is preferred, why so little discussion of annuitizing simple, low-fee, variably annuitizable deferred annuities?)
I did that. Thirty years ago I contributed to the Vanguard deferred variable annuity for a few years. It's now called the Transamerica Value Variable Annuity. Two years ago I annuitized it with variable payouts. Here is a graph showing how my payouts have varied.

Image

Ron
by Oicuryy
Sat Oct 14, 2023 10:47 am
Forum: Investing - Theory, News & General
Topic: there ain't as much upside potential with annuities- but current pay outs aren't bad
Replies: 8
Views: 1582

Re: there ain't as much upside potential with annuities- but current pay outs aren't bad

See this thread for #Cruncher's formula to calculate the internal rate of return, IRR, for annuities with an annual step up.
viewtopic.php?t=414538

It would take 74 years for linate's annuity to reach a 7% IRR.
=(1+RATE(74,4.13%,-1))*(1+3%)-1

Ron
by Oicuryy
Thu Oct 12, 2023 11:04 pm
Forum: Personal Investments
Topic: calculating IRR of SPIA with COLA
Replies: 5
Views: 1133

Re: calculating IRR of SPIA with COLA

You could use that online calculator in place of the excel RATE function that #Cruncher used to get the IRR of level payments. Then use a pocket calculator or the calculator app on your phone to add 1, multiply by 1.02 and subtract 1.

Ron
by Oicuryy
Sat Oct 07, 2023 2:24 pm
Forum: Personal Investments
Topic: Cannot find Vanguard Institutional S&P 500 Index Trust
Replies: 14
Views: 1537

Re: Cannot find Vanguard Institutional S&P 500 Index Trust

yarx wrote: Sat Oct 07, 2023 12:41 pm My primary goal is to integrate my 401k in the cross-broker investment tracking tool I use but looks like that's a lost cause becomes even the currently published trusts from Vanguards website do not show up there as they have no symbol.
Could you use VFFSX as a proxy? Your image says your fund invests all its assets in VFFSX.

Ron
by Oicuryy
Tue Sep 19, 2023 1:51 pm
Forum: Personal Investments
Topic: Dump Annuity????
Replies: 30
Views: 3567

Re: Dump Annuity????

This page has links to more info about the Accumulator Plus 10.
https://success.fglife.com/fg-accumulator-plus

The rate sheet is probably current rates not the OP's rates. The at-a-glance sheet lists a few states that do not have a market value adjustment.

Daily index values for the Barclays Trailblazer Sectors 5 Index are downloadable here.
https://indices.cib.barclays/IM/33/en/i ... erformance

I took that -28.68 to be a typo. The whole point of an FIA is that the account value cannot go down if held to the end of the surrender period. In this case there is a 1.25% annual fee for a higher participation rate. But that is way more than $28.68 and way less than 28.68%.


Ron
by Oicuryy
Tue Sep 19, 2023 10:47 am
Forum: Personal Investments
Topic: Dump Annuity????
Replies: 30
Views: 3567

Re: Dump Annuity????

What would you invest in if you surrendered the annuity? Give us something to compare the annuity to now that we are not comparing it to the SILAC annuity.

For example, the annuity is on track to outperform VBTLX over the two-year interest crediting period.

Ron
by Oicuryy
Sat Sep 16, 2023 5:11 pm
Forum: Personal Investments
Topic: Dump Annuity????
Replies: 30
Views: 3567

Re: Annuity help needed! Surrender?

Taking your questions in reverse order. "#3 Also, can someone explain the lingo in the advisors email to a layman?" The bogleheads wiki has a page on index annuities. It explains some of those terms. https://www.bogleheads.org/wiki/Equity-indexed_annuity "#2 what taxable implications are there as it is my understanding. This came from her prior employer's 401(k) plan.?" I'm guessing this is an IRA since it came from a 401k. If it is an IRA the tax rules for IRAs apply. "#1 should she surrender this and lose $24,000?" A better question might be how should she invest this $275k? Double check this line from the salesman. Example (the current cap on interest for the SP500 yearly point to point is 7.75%. For the fir...
by Oicuryy
Fri Sep 15, 2023 7:26 pm
Forum: Personal Investments
Topic: Annuities vs. SP500
Replies: 38
Views: 3774

Re: Annuities vs. SP500

Thanks for posting the disclosure document. I would ask your friend to explain in writing how the insurance company chooses the participation rate. The rate sheet I linked above (which may or may not be current) shows a participation rate of 200% for the Loomis Sayles index with a one-year, point-to-point crediting method. But the disclosure says the insurance company can change the participation rate at the start of each term. The table shows the participation rate for one-year point-to-point can be as low as 5%. If the increase in the index is, say, 3.5%, then the interest crediting rate could be anywhere from 3.5% * 5% = 0.175% to 3.5% * 200% = 7% or more. Are you comfortable with that much uncertainty in what your interest rate will be?...
by Oicuryy
Thu Sep 14, 2023 4:43 pm
Forum: Personal Investments
Topic: Annuities vs. SP500
Replies: 38
Views: 3774

Re: Annuities vs. SP500

Ask your friend to give you a link to the Disclosure Document for this annuity that you can post here.

None of these indexes are designed to track market performance. They are designed to be used in index annuities. The choice of index doesn't matter much. Only one index value per year is used to calculate the interest crediting rate. The indexes are designed to not have a lot of volatility. So the FIA does not need a rate cap and can offer participation rates greater than 100%.

I don't know how the insurance company levers up the index returns. But then I don't know how 3X ETFs do it either.

Ron
by Oicuryy
Thu Sep 14, 2023 10:37 am
Forum: Personal Investments
Topic: Annuities vs. SP500
Replies: 38
Views: 3774

Re: Annuities vs. SP500

lp613 wrote: Wed Sep 13, 2023 9:47 pm Performance Strategy Ladder is as follows:

1 Year 200%
2 Year 285%
3 Year 345%
4 Year 370%
5 Year 420%
Those look to be participation rates not returns.
https://annuityeducator.com/carriers/no ... re-horizon
How often can the insurance company change participation rates?

For FIAs with a participation rate and without a rate cap or spread, the interest crediting rate is usually the product of multiplying the percentage change in the index value buy the participation rate. So hypothetical interest crediting rates 2 to 4 times the percentage change in the hypothetical index could be right.

Ron
by Oicuryy
Wed Sep 13, 2023 5:39 pm
Forum: Personal Investments
Topic: Annuities vs. SP500
Replies: 38
Views: 3774

Re: Annuities vs. SP500

Is this it?
https://www.securehorizonannuity.com/secure-horizon/

If it is, it did not exist during the time periods you show.
https://www.prnewswire.com/news-release ... 08058.html

Ron
by Oicuryy
Wed Aug 23, 2023 8:58 pm
Forum: Investing - Theory, News & General
Topic: Measuring Total Fund Returns for a custom time period
Replies: 11
Views: 749

Re: Measuring Total Fund Returns for a custom time period

I do not know what "10K Share Return" is. But its graph does not look like a growth graph.

I get 1.0173% using Vanguard's distribution data for VWIUX. But I would use Morningstar's 1.16% with your advisor. He is less likely to question Morningstar.

Ron
by Oicuryy
Wed Aug 23, 2023 10:56 am
Forum: Investing - Theory, News & General
Topic: Measuring Total Fund Returns for a custom time period
Replies: 11
Views: 749

Re: Measuring Total Fund Returns for a custom time period

Use Morningstar's growth of 10k chart for those dates.

Ron
by Oicuryy
Sun Aug 20, 2023 1:52 pm
Forum: Personal Consumer Issues
Topic: Rooftop Antenna Installation
Replies: 72
Views: 6047

Re: Rooftop Antenna Installation

https://rabbitears.info is non-commercial, but it is low-budget and geeky.

If you don't already have an antenna to experiment with, you can get one for $10 and a trip to Walmart.
https://www.walmart.com/ip/onn-Indoor-E ... /867389914
Try it first in an upstairs window on the north side of your house.

Ron
by Oicuryy
Sun Aug 20, 2023 12:00 am
Forum: Personal Consumer Issues
Topic: Rooftop Antenna Installation
Replies: 72
Views: 6047

Re: Rooftop Antenna Installation

kt2062 wrote: Sat Aug 19, 2023 10:48 am Do not use ontech. It is a scam. I contacted them and did some research and realized it is a con job. That is my opinion, of course. Check out the reviews.
That's disappointing. I thought they would be legit since they are owned by DISH.

Ron
by Oicuryy
Thu Aug 17, 2023 5:27 pm
Forum: Personal Consumer Issues
Topic: Rooftop Antenna Installation
Replies: 72
Views: 6047

Re: Rooftop Antenna Installation

I have not used these guys so can't vouch for them. I put in an SF zip code and got a price of $215.
https://ontechsmartservices.com/product ... stallation

Ron
by Oicuryy
Wed Aug 16, 2023 5:17 pm
Forum: Investing - Theory, News & General
Topic: Summers Sees 10-Year Yields Averaging 4.75% in Coming Decade
Replies: 12
Views: 2459

Re: Summers Sees 10-Year Yields Averaging 4.75% in Coming Decade

2.5% inflation plus 1.5% real return plus 0.75% term premium equals 4.75% nominal return.
https://www.bloomberg.com/news/videos/2 ... peak-video

Ron
by Oicuryy
Wed Aug 16, 2023 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard requiring unnecessary personal financial info?
Replies: 11
Views: 1411

Re: Vanguard requiring unnecessary personal financial info?

IDpilot wrote: Wed Aug 16, 2023 10:16 am Check out 17 CFR 240 17a-3(17). It specifically requires Vanguard to ask these questions.
Brokers are required to ask but customers are not required to answer.
(C) For purposes of this paragraph (a)(17), the neglect, refusal, or inability of a customer or owner to provide or update any account record information required under paragraph (a)(17)(i)(A) of this section will excuse the member, broker or dealer from obtaining that required information.
Ron
by Oicuryy
Wed Aug 09, 2023 9:38 pm
Forum: Personal Investments
Topic: How to calculate "yield" for TIPS from WSJ TIPS table?
Replies: 3
Views: 1150

Re: How to calculate "yield" for TIPS from WSJ TIPS table?

questionbox wrote: Wed Aug 09, 2023 5:30 pm I don't do "Excel." If the suggestion is made for utilizing a spreadsheet function (like Excel YIELD), I would need the math formula or equation for YIELD.
Image

That is from the help page for the excel PRICE function. The excel YIELD function uses a trial and error method to find the value of yld that makes the right side of the equation equal to the current price of the bond.

Ron
by Oicuryy
Tue Aug 08, 2023 5:02 pm
Forum: Personal Investments
Topic: Low cost variable annuity provider for 1035 rescue?
Replies: 22
Views: 1662

Re: Low cost variable annuity provider for 1035 rescue?

petulant wrote: Tue Aug 08, 2023 4:04 pm -Lower fees for balances between $25,000 and $1,000,000 (.17% vs. .25%)
The mortality and expense risk fee is currently 0.17% with a maximum of 0.20%. There is also an administrative fee of 0.10%.

Ron
by Oicuryy
Tue Aug 08, 2023 3:14 pm
Forum: Personal Investments
Topic: Low cost variable annuity provider for 1035 rescue?
Replies: 22
Views: 1662

Re: Low cost variable annuity provider for 1035 rescue?

HueyLD wrote: Tue Aug 08, 2023 3:00 pm Just curious. Does this one require an advisor?
I don't think so. Under the "Read more" tab at the bottom of that link it says:
"The Transamerica Advisory Annuity is a direct response variable annuity that cannot be purchased based on the advice or recommendation of Transamerica or other financial professionals."

Does that mean they are not paying commissions to agents?

Ron
by Oicuryy
Tue Aug 08, 2023 2:39 pm
Forum: Personal Investments
Topic: Low cost variable annuity provider for 1035 rescue?
Replies: 22
Views: 1662

Re: Low cost variable annuity provider for 1035 rescue?

petulant wrote: Tue Aug 08, 2023 2:04 pm I have tried looking around at VA options as well and have found none as inexpensive as the Fidelity PRA. There are a couple ones with similar expenses branded as "investment only variable annuities" (like the Nationwide one) but AFAIK they absolutely require an advisor who is expected to wrap their AUM fee on the product. If anybody knows of one other than the Fidelity PRA I will be happy to know.
Have you looked at the Transamerica Advisory Annuity? It's not quite as cheap as Fidelity's but might be worth looking at.
https://www.transamerica.com/annuities/advisory-annuity

Ron
by Oicuryy
Thu Aug 03, 2023 1:10 pm
Forum: Personal Investments
Topic: Vanguard Account Access
Replies: 32
Views: 2919

Re: Vanguard Account Access

Too late to help the OP but here is what one Vanguard web page says about changing user name.
If you need to change your username, you'll need to re-register. After you've re-registered, you'll have immediate access to your accounts; however, we'll place a seven-day hold on terminations, withdrawals, electronic bank transfers, and dividend elections processed online. We'll still process all other transactions, including loans via check, during this seven-day hold.
https://investor.vanguard.com/technical ... me-browser

Ron
by Oicuryy
Tue Aug 01, 2023 6:14 pm
Forum: Investing - Theory, News & General
Topic: Graph of 90 years of S&P 500 return is sobering
Replies: 26
Views: 5505

Re: Graph of 90 years of S&P 500 return is sobering

gavinsiu wrote: Tue Aug 01, 2023 4:15 pm One question for the board, the index does not include dividend reinverstment? The graph would have been better?
This is my graph of Shiller's monthly real total return price data.
http://www.econ.yale.edu/~shiller/data.htm

Image

Excel added the exponential trend line. It is drawn with a log (base 2) scale on the y axis. The space between grid lines represents a doubling or halving.

Originally posted here: viewtopic.php?p=6822627#p6822627

Ron
by Oicuryy
Mon Jul 31, 2023 1:31 pm
Forum: Personal Investments
Topic: Non-qualified variable annuity?
Replies: 13
Views: 756

Re: Non-qualified variable annuity?

Your math is correct for a monthly interest rate. It's TA's guaranteed minimum 4% annual rate.

Right, you can't roll it to an IRA but you can do a 1035 exchange to another annuity.

Check the usual places for a higher payout. https://www.immediateannuities.com/, https://www.blueprintincome.com/, https://www.stantheannuityman.com/

Ron
by Oicuryy
Sun Jul 30, 2023 10:58 am
Forum: Investing - Theory, News & General
Topic: No T. Rowe Price?
Replies: 85
Views: 12824

Re: No T. Rowe Price?

Rob Relyea wrote: Sun Jul 30, 2023 9:51 am My user said: “couldn’t find anything on the T Rowe Price site to download accounts and account balances to csv. The transaction csv export only has transactions in the file“
Does your user have a mutual fund account or a brokerage account at Price? I have a mutual fund account. There is a "Download" button on the "Accounts" tab. Here is the first line of the .CSV file.

Code: Select all

"Account Type","Account Name","Ticker","Account Number","Owners","Quantity","Price","Change","Market Value","Daily $ Change","Daily % Change","PRR"
Ron
by Oicuryy
Fri Jul 28, 2023 10:47 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Feds balance sheet QE/QT
Replies: 10
Views: 1016

Re: Help me understand Feds balance sheet QE/QT

The Fed publishes its balance sheet weekly in its H.4.1 release. https://www.federalreserve.gov/releases/h41/ The top part of table 1 is its assets. The bottom part is its liabilities. Also see table 5. The Fed reports measures of the money supply in its H.6 release. https://www.federalreserve.gov/releases/h6/ The difference between the monetary base and M1/M2 is bank created money. Banks create money by making loans. When the Fed wants to stimulate the economy, it tries to encourage more borrowing and spending by lowering its target for short term interest rates. When it wants to restrain the economy, it raises its target for interest rates. When its interest rate target gets down to zero it can still increase the money supply by increasin...
by Oicuryy
Sat Jul 08, 2023 9:50 am
Forum: Personal Investments
Topic: Beware Vanguard RMD Service vs. Automatic Withdrawal
Replies: 67
Views: 6994

Re: Beware Vanguard RMD Service vs. Automatic Withdrawal

From a Vanguard FAQ.
Can I withdraw more than my RMD from my IRA?

Yes, but not through Vanguard's RMD Service. You can arrange single distributions from your IRA at any time online through your Vanguard.com account or by completing and submitting an IRA Distribution Request form.

Alternately, you can sign up for our Automatic Exchange Service and schedule transfers from your IRA to a nonretirement Vanguard account. You can also use our Automatic Withdrawal Service to schedule regular withdrawals from your IRA to your bank or credit union account.
https://investor.vanguard.com/investor- ... t/rmd-faqs

Ron
by Oicuryy
Fri Jul 07, 2023 10:24 pm
Forum: Personal Consumer Issues
Topic: is this a legit Vanguard email address?
Replies: 38
Views: 5489

Re: is this a legit Vanguard email address?

brad.clarkston wrote: Fri Jul 07, 2023 8:16 pm If you do a reverse lookup on it the real address is ck27.mta.exacttarget.com which is a random salesforce.com mailing account, Vanguard would never do that.
Why wouldn't Vanguard outsource its email to Salesforce?

Ron