Search found 232 matches

by KSActuary
Thu Feb 15, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 40
Views: 4973

Re: How many of you use the "4% rule" during retirement?

I do not believe that mainstream retirees use the 4% because most can't do a percentage calculation. Most people on this forum are comfortable with these topics and use a withdrawal strategy much more often.
by KSActuary
Fri Feb 02, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Kinda laughing, kinda mad - Vanguard Personal Investor
Replies: 45
Views: 7870

Re: Kinda laughing, kinda mad - Vanguard Personal Investor

There is a reason that Vanguard has difficulty keeping large accounts over time. I don’t know. Our Vanguard accounts have been 7 digit accounts for ages, and are in greater danger of becoming 8 digit accounts than being closed. That said, not a PAS user. I completely agree. Vanguard is a great sour...
by KSActuary
Wed Jan 31, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Change in "career", PA or Optometry?
Replies: 79
Views: 6230

Re: Change in "career", PA or Optometry?

and Lens Crafters gets you from the bottom. Do you mean the Optometrists employed by Lens Crafters? In general, optometrists get squeezed from the docs at the top offering eye exams and squeezed by the discount stores (b/M or internet). A very competitive field right now and would rather take my ch...
by KSActuary
Wed Jan 31, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to decide balance of portfolio and how much to contribute to interesting investments?
Replies: 5
Views: 397

Re: How to decide balance of portfolio and how much to contribute to interesting investments?

You know what they say about general and limited partners? The General Partner starts off with all of the experience and the Limited Partner has all of the money...... In the end, the General Partner has all of the money..... Multi family apartments are a part of the real estate business that can be...
by KSActuary
Wed Jan 31, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Alan Greenspan says there are bubbles in both stocks and bonds
Replies: 87
Views: 7906

Re: Alan Greenspan says there are bubbles in both stocks and bonds

Says the guy hired several months prior to the October, 1987 crash. Between him and Krugman, I don't think any of them really know what is going on. I once gave a presentation to a group of engineers in a 401k plan regarding Federal Reserve activity since WWI and the outcomes. The historical record ...
by KSActuary
Wed Jan 31, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: About to leave LPL
Replies: 18
Views: 1106

Re: About to leave LPL

With two custodians (yours and wife), you will need to establish a household/cash somewhere for bill pay, etc. Thanks! So I'm assuming your response is one of the cons for having retirement funds in different investment companies, yes? If so, that's a good point that I hadn't considered. I wouldn't...
by KSActuary
Wed Jan 31, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Change in "career", PA or Optometry?
Replies: 79
Views: 6230

Re: Change in "career", PA or Optometry?

Surgical PA. Winner, winner, Chicken dinner. Even though the soccer season isn't going to well. My father was an optometrist and was president of his state's association when WalMart decided to move into the field. What a mess. Opthamologists squeeze you from the top and Lens Crafters gets you from...
by KSActuary
Wed Jan 31, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Do it myself or hire a pro?
Replies: 27
Views: 2350

Re: Do it myself or hire a pro?

Start with the 3 fund portfolio and try to understand why its simplicity may fit you. Complex investment solutions are , most often times, used to keep you confused. The lack of volatility in the market is making some investors uneasy while others are piling in. My guess your next issue will be ridi...
by KSActuary
Wed Jan 31, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: About to leave LPL
Replies: 18
Views: 1106

Re: About to leave LPL

Sorry you got the bad advice at LPL. Those funds are pretty bad. Can't go wrong with moving to Vanguard. With two custodians (yours and wife), you will need to establish a household/cash somewhere for bill pay, etc.

Good luck.
by KSActuary
Wed Jan 31, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: Kinda laughing, kinda mad - Vanguard Personal Investor
Replies: 45
Views: 7870

Re: Kinda laughing, kinda mad - Vanguard Personal Investor

There is a reason that Vanguard has difficulty keeping large accounts over time.
by KSActuary
Tue Jan 30, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Any advice on limited choices in 401(k)?
Replies: 6
Views: 256

Re: Any advice on limited choices in 401(k)?

If 4 years away and conservative, use the most conservative Vanguard Target Date fund.
by KSActuary
Tue Jan 30, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10310

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

Board positions can bring many responsibilities including those to make SS taxes whole to the IRS
by KSActuary
Mon Jan 29, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Termination of investment adviser
Replies: 11
Views: 1420

Re: Termination of investment adviser

Most fees are prorated and returned via the account. The prior advisor is debited the prorated amount. Wait until you see the account termination fees.
by KSActuary
Mon Jan 29, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's advice on bond portion of portfolio
Replies: 42
Views: 5860

Re: Vanguard's advice on bond portion of portfolio

We use VWIAX for bonds currently. Yes, I know it changes the allocation.
by KSActuary
Mon Jan 29, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on rolling IRA over into 401k
Replies: 7
Views: 473

Re: Advice on rolling IRA over into 401k

Most 401k fees will not be as high as the 1.5% the advisor is charging on the outside. Next, look at the choices and their returns. This should be clear enough to make a decision.
by KSActuary
Fri Jan 26, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2278

Re: Fidelity charging extra fee for Vanguard funds in 401k?

I have Vanguard for a plan administrator and most of the funds are total crap. They have great target date funds and VG Russell 1000 and 2000 but everything else is non-VG and expensive. I sent an email to the HR person that handles it suggesting VG Total International, VG Emerging and VG Total Bon...
by KSActuary
Fri Jan 26, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2278

Re: Fidelity charging extra fee for Vanguard funds in 401k?

Vanguard is the only major fund company that does not pay other companies to carry their products. Vanguard funds have had a free ride and effectively subsidized in 401k plans by other fund companies. I don't see it this way. Vanguard doesn't use revenue sharing which is a big advantage to employer...
by KSActuary
Fri Jan 26, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Active Management? - Vanguard's Wellesley Income / Wellington funds
Replies: 12
Views: 1304

Re: Active Management? - Vanguard's Wellesley Income / Wellington funds

I heard once that, if you strip out Vanguard's index fund assets, Vanguard is still in the top 5 or 6 of all mutual fund families if you just count the active funds assets.
by KSActuary
Fri Jan 26, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 6789

Re: Turn 75,000 into 1 million

Surprised no one mentioned "marry well".

Also, please see NVDA thread.

Wait for the next big dump in the market then short volatility by buying puts on VXX?
by KSActuary
Fri Jan 26, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 43
Views: 3618

Re: 50% of my portfolio in FANG - 15% in NVDA

The key is to rebalance periodically. Why not look into MTUM, QQQ or RPG for more diversification? Or, if you want to keep the concentration then scrape the top 5 - 10 stocks of any of those ETFs.
by KSActuary
Thu Jan 25, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Switching to Employee Fiduciary
Replies: 4
Views: 292

Re: Switching to Employee Fiduciary

We use EF for some of our clients and am transitioning one to them now. Pretty straightforward transition but sometimes they can be hard to get hold of due to limited staff. Anything specific, ask away.
by KSActuary
Sun Jan 21, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Individual Corporate Bonds
Replies: 8
Views: 619

Re: Investing in Individual Corporate Bonds

Been buying more individual bonds lately as short end moves higher. You could start a short maturity bond ladder and buying longer maturity bonds as rates move up in 2018. I would not move into bonds from companies that you do not feel comfortable with or have some knowledge of.
by KSActuary
Thu Jan 18, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 30
Views: 1638

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

Empower(Old Great West Life) or your employer should provide you a Participant Fee Disclosure when you join. That should outline all fees. There is no personal information in the document so you could post parts of it and we could react better.
by KSActuary
Wed Jan 17, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & 401k Fund Options
Replies: 7
Views: 464

Re: Portfolio Review & 401k Fund Options

The AF target date has performed as well as the Vanguard target date fund net of expenses. Also, the AF ticker is RFITX.
by KSActuary
Wed Jan 17, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Ideal 401k Fund Lineup
Replies: 11
Views: 720

Re: Suggestions for Ideal 401k Fund Lineup

EF was probably more expensive due to their 8 bps trail if the assets are big.

Report back on the Guideline presentation as I find a lot of people talking about them but few actually using them.
by KSActuary
Tue Jan 16, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Ideal 401k Fund Lineup
Replies: 11
Views: 720

Re: Suggestions for Ideal 401k Fund Lineup

I believe that EF forces the employer to pay the annual $1,500. Maybe wrong. Pass on ADP as the payroll integration will not cover-up the high fee, low performing funds they will stick you with in such a small plan. I just moved one to Vanguard but it was slightly bigger than your plan. The EF web s...
by KSActuary
Tue Jan 16, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

The reasoning behind taking SS early or late is a personal one and should be made after careful consideration of health and family medical problems. First step is to get a thorough physical. Many take SS early because they can make another $17,000 before any deduction and most of their SS is tax fre...
by KSActuary
Tue Jan 16, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: 401K - best for biz w/ employees?
Replies: 3
Views: 493

Re: 401K - best for biz w/ employees?

You could look at EmployeeFiduciary for a mostly fixed fee solution. Vanguard is probably to pricey for a small employer. EF is pretty bare bones but they do offer an open architecture fund universe so you can get all of your funds that you select. What product are you using at American Funds? How m...
by KSActuary
Tue Jan 16, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 19
Views: 1814

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Find an advisor who will work on fixed fee and follow your advisory plan, not theirs. They are out there. We do it all of the time.
by KSActuary
Tue Jan 16, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Getting out of Whole Life Insurance
Replies: 15
Views: 1144

Re: Getting out of Whole Life Insurance

I would also point towards Jefferson National.

NWM life agents are great at capturing early docs and having their way with them. The plan set forth may have been conservative but may also have been okay if the circumstances had not changed.
by KSActuary
Tue Jan 16, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 18
Views: 1428

Re: Strange Life insurance product - keep or dump?

Looks like variable universal life. Universal life is a life product which produces some cash value along the way to fund later in life premiums. This is a policy which is intended to be kept until death versus a term policy which can expire and does not offer cash value. The cash value goes to $0 u...
by KSActuary
Tue Jan 16, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Best choices in horrible (IMO) 401k plan
Replies: 15
Views: 605

Re: Best choices in horrible (IMO) 401k plan

First, the majority of the funds offered in your 401k are actively managed. Second, the fund Er's are high because they are paying the administrative expenses through revenue sharing. Would you rather have an S&P 500 fund with an ER of 0.04% with administrative expenses equal to 0.50% of your accoun...
by KSActuary
Wed Jan 10, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Are Robo-Investors driving the market to insane levels?
Replies: 36
Views: 5291

Re: Are Robo-Investors driving the market to insane levels?

Low volatility is caused by ........ low volatility. You couldn't really invest much in volatility until recently and everybody is short volatility. Only fools go long volatility. Volatility is now an investment available to the broader crowd of retail investors. Everyone buys the dip. Higher than u...
by KSActuary
Wed Jan 10, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: Why are 401k ROTH rare?
Replies: 11
Views: 1264

Re: Why are 401k ROTH rare?

Our experience is that most, if not all, plans offer a Roth option. Most employees at enrollment select the Roth is they are under age 40. I believe low utilization is due to poor communication by advisor, HR or web site - or all. Feedback is that some lower paid employees do not find Roth appealing...
by KSActuary
Thu Jan 04, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a Mortgage After Retirement
Replies: 7
Views: 776

Re: Obtaining a Mortgage After Retirement

Banks would love to loan you money on a good home where a significant down payment is made. See it all of the time.
by KSActuary
Thu Jan 04, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg warning of inherent market risk
Replies: 8
Views: 1406

Re: Bloomberg warning of inherent market risk

A much better explanation of what is going on.

www.artemiscm.com and read the Volatility and the Alchemy of Risk paper. Very good paper explaining what is really happening within the markets and how volatility is no longer a statistic as investment firms provide ways to invest in volatility itself.
by KSActuary
Thu Jan 04, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3268

Re: Should we keep this variable annuity?

Mid-sixties and covers both so the internal rate of return on the annuity is around 5% with a $2,500 flat payment over 30 years. The last survivor may live past 95 but that's what insurance companies insure against - out living your supposed mortality. You did not state the original deposit but you ...
by KSActuary
Wed Jan 03, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: DFA access
Replies: 30
Views: 3363

Re: DFA access

If the DFA portfolio was passively invested then a 25 bps annual fee is quite doable.
by KSActuary
Wed Jan 03, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Standard Deviation
Replies: 11
Views: 828

Re: Standard Deviation

St deviation can be calculated using any form of return information but the most common is to use monthly info then annualize it by multiplying by the square root of 12.
by KSActuary
Tue Jan 02, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding Jackson National Perspective II Variable Annuity - Helping a family member
Replies: 6
Views: 390

Re: Understanding Jackson National Perspective II Variable Annuity - Helping a family member

Do you have a copy of the original application and other front end paperwork? Did the family member tell you that she informed the agent that she was terminally ill? If so, is this documented? The basic death benefit in the policy may be a payout equal to the current account. The surrender charge ma...
by KSActuary
Tue Jan 02, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding Jackson National Perspective II Variable Annuity - Helping a family member
Replies: 6
Views: 390

Re: Understanding Jackson National Perspective II Variable Annuity - Helping a family member understand

Not much information here so difficult to discuss what best strategy is. How old is family member? What is her life expectancy? Does she need the money now? Has she withdrawn any money from the product yet? To be clear, JackNat is going to make money off of the family member. That much is clear. The...
by KSActuary
Tue Jan 02, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401 k [withdrawal question]
Replies: 6
Views: 342

Re: 401 k [withdrawal question]

You could roll it into an IRA then take a distribution which will be taxable and may incur a 10% excise tax. If money flows in before the 60 days is up then you re-pay the IRA and avoid the taxable withdrawal.
by KSActuary
Fri Dec 29, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 40
Views: 7010

Re: This is Unbelievable - another Vanguard customer support odyssey

Work with Vanguard quite a bit and they will tell you that they have a difficult time keeping certain online clients due to perceived poor service. To my ears, this sounds like client blaming. I work with a lot of financial institutions online and by phone and have difficulties only with Vanguard. ...
by KSActuary
Thu Dec 28, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 40
Views: 7010

Re: This is Unbelievable - another Vanguard customer support odyssey

Work with Vanguard quite a bit and they will tell you that they have a difficult time keeping certain online clients due to perceived poor service.
by KSActuary
Sun Dec 24, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 928

Re: Need help in selecting funds for 401K

For simplicity, I would pick the closest target date fund as the American Funds have performed well over time.
by KSActuary
Sat Dec 23, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Any Target Date Funds better than Vanguard?
Replies: 46
Views: 4815

Re: Any Target Date Funds better than Vanguard?

American Funds target date series is pretty good but you should remember that most, if not all, TDF funds are actively managed so certain allocations will change over time.
by KSActuary
Mon Dec 18, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6233

Re: Any of you trade just a little as a hobby?

Sell volatility when appropriate.