Search found 152 matches

by jimishooch
Sun Nov 19, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?
Replies: 24
Views: 1382

Re: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?

i'm in the same boat, have multiple deferred (income) indexed annuities with 3 years left on a 10 year surrender and the charges are still to steep so i re-evaluate every year. but i don't include these in my asset allocation as it's an income producing vehicle like social security... good luck jim...
by jimishooch
Tue Nov 14, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?
Replies: 24
Views: 1382

Re: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?

... have multiple deferred (income) indexed annuities with 3 years left on a 10 year surrender and the charges are still to steep so i re-evaluate every year. ... The surrender charges make up for some of the expenses that the insurance company would otherwise receive. So the surrender charges shou...
by jimishooch
Tue Nov 14, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?
Replies: 24
Views: 1382

Re: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?

i'm in the same boat,

have multiple deferred (income) indexed annuities with 3 years left on a 10 year surrender and the charges are still to steep so i re-evaluate every year.
but i don't include these in my asset allocation as it's an income producing vehicle like social security...

good luck
jim
by jimishooch
Sat Oct 21, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 28
Views: 2387

Re: Turning 65, and choosing not to take Medicare Part B

turning 65 soon,
will sign up for part A only. employer sponsored plan is creditable (as is drug coverage) and will remain primary.
by jimishooch
Sat Oct 21, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Transfer Fee---Will this work?
Replies: 15
Views: 1450

Re: Avoiding Transfer Fee---Will this work?

what's the fee if you setup auto transfer from the ally side? i bet it's zero...
by jimishooch
Fri Oct 20, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Variable Annuity
Replies: 9
Views: 769

Re: Transferring Variable Annuity

why do a 1035?
transfer the roth in the annuity to a VG roth and the tIRA in the annuity to a VG tIRA and be done with variable annuity.
i just did this with roth IRA tucked into a deferred income/indexed annuity with no problem.
talk to vanguard.
by jimishooch
Fri Oct 06, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: So... What bond fund or bond-like instrument do you use?
Replies: 47
Views: 4382

Re: So... What bond fund or bond-like instrument do you use?

brokerage 5 year CD ladder.
5 year muni bond ladder.
Ibonds.
high yield savings.
by jimishooch
Thu Sep 28, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Bill of Sale for Sailboat
Replies: 6
Views: 634

Re: Bill of Sale for Sailboat

of course the HIN,
i always add the engine and drive numbers.
by jimishooch
Thu Sep 28, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15387

Re: Why do you LBYM? Why do you save and invest?

The great recession was the wake up call...
by jimishooch
Wed Sep 13, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4530

Re: How often do you put money in Vanguard

Still in accumulation phase so DCA into taxable every other week. contribute/convert to rIRA every January.
by jimishooch
Sat Jul 29, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Ready to retire - have I missed anything?
Replies: 24
Views: 4229

Re: Ready to retire - have I missed anything?

you have the cash, pay off the house and take that monthly payment and put into savings or into your AA.
by jimishooch
Mon Jul 10, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Condo association - Does the budget seem sound?
Replies: 14
Views: 1280

Re: Condo association - Does the budget seem sound?

i would want to take a look at the approved budget, balance sheet, income expense statement, reserve expense report and the 10 year reserve calculations. that will give the whole picture (quarterly financials if they do that).
how much is the management fee per month?
by jimishooch
Fri Jul 07, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: HO Insurance Deductible
Replies: 15
Views: 1228

Re: HO Insurance Deductible

5%...no mortgage.
by jimishooch
Fri Jul 07, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: What is a Normal Spending Percentage of Take-Home Pay?
Replies: 29
Views: 2797

Re: What is a Normal Spending Percentage of Take-Home Pay?

i do it this way,

28% = fixed expenses/50% savings/22% discretionary spending. took us a very long time to get to the 50%...
by jimishooch
Fri Jul 07, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 12164

Re: Long term care insurance - is it worth it?

Umm, not that I have seen. The hybrid policies allow you to drain the life insurance benefit or a portion thereof. They are not unlimited. And since life insurance payout is a certainty vs a potential the insurance co can price better. There is a big misconception in the post quoted below and sever...
by jimishooch
Tue Jul 04, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 12164

Re: Long term care insurance - is it worth it?

another option,

due to family histories and being child free we went this route after genworth gouged us out.


https://www.buaweb.com/cms/resource_lib ... ochure.pdf
by jimishooch
Thu Jun 15, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 4618

Re: Long Term Care Insurance?

I don't see the value of LTCI policies available today. What i want insurance for is long tail (catastrophic) risk. If my wife or I need long term care for 10+ years, that is where a policy would be useful. But, the policies available today all appear to have a cap (often pretty short ones) on how ...
by jimishooch
Thu Jun 15, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 4618

Re: Long Term Care Insurance?

I don't see the value of LTCI policies available today. What i want insurance for is long tail (catastrophic) risk. If my wife or I need long term care for 10+ years, that is where a policy would be useful. But, the policies available today all appear to have a cap (often pretty short ones) on how ...
by jimishooch
Mon Jun 05, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 5221

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

um,

isn't the tax bill on the gain from total contributions??
by jimishooch
Fri Jun 02, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Condo Assoc seeking thoughts
Replies: 24
Views: 2668

Re: Condo Assoc seeking thoughts

amend the by-laws, with consensus that's what i did. each unit owner insures their unit for all perils and full replacement cost (my detached stand alone unit qualified for a homeowner policy instead of a condo policy). HOA pays for biennial inspection and any repairs associated with inspection on t...
by jimishooch
Wed May 10, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term [Care] Rates just went Through the roof!
Replies: 34
Views: 5288

Re: Long Term [Care] Rates just went Through the roof!

The only way I'd ever consider it is if you could buy a fully paid policy and that policy did not have a limit on total benefits. And even then, there'd still be the issue of the insurer going bankrupt. Check oit the newer hybrid LTC policies, they are fully paid up and pay benefits for life. Are y...
by jimishooch
Sat Mar 18, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Health care costs in retirement calculator
Replies: 3
Views: 568

Re: Health care costs in retirement calculator

i agree that the AARP calculator seems light but i do like the interface better. the calculator put us about even with the national average of what a couple would pay for healthcare in retirement. fidelity came more inline with my projections. changing my wife's retirement age to 65 instead of 62 cr...
by jimishooch
Fri Mar 17, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health care costs in retirement calculator
Replies: 3
Views: 568

Health care costs in retirement calculator

my wife and i are closing in on our annual expenses x 30 years number and of course health care is a big sticking point. ran across these 2 calculators that might help some members with pre retirement (or in retirement) health care cost concerns...

http://www.aarp.org/work/retirement-pla ... alculator/

https://www.fidelity.com/mymoneylifesty ... c-ret.html

good luck
jim
by jimishooch
Tue Mar 14, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 11425

Re: Does anyone own gold?

yes,

i buy physical 1 oz. BU (brilliant uncirculated) bullion rounds worldwide. it's more of a hobby/collection (albeit an expensive one). i buy on average 2-3 oz a year on the dips when it dips...and not included in portfolio.
by jimishooch
Tue Feb 21, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 41
Views: 4378

Re: Windfall, investing, insurance?

pay off the student debt and car loan and take those monthly payments and auto fund a 529 for your child. go term life for 20 years (1 mil) and then at age 50 shop for a new 20 year. home and auto should be insured thru same company for max discount and purchase liability umbrella @ 1 mil. establis...
by jimishooch
Tue Feb 21, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 41
Views: 4378

Re: Windfall, investing, insurance?

now you have ballast; pay off the student debt and car loan and take those monthly payments and auto fund a 529 for your child. go term life for 20 years (1 mil) and then at age 50 shop for a new 20 year. home and auto should be insured thru same company for max discount and purchase liability umbre...
by jimishooch
Fri Feb 17, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care - Genworth viability
Replies: 4
Views: 938

Re: Long Term Care - Genworth viability

i went this route,

we dumped genworth for single premium paid up policy plus a LTC rider with monthly benefits for life.

https://www.buaweb.com/cms/resource_lib ... ochure.pdf
by jimishooch
Sat Feb 04, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: High Car Insurance VS Umbrella Insurace
Replies: 16
Views: 2304

Re: High Car Insurance VS Umbrella Insurace

IMO anything more than this is a waste of money. my car is under manufacturer warranty so no roadside service. lowest daily rate on rental...all liability minimums tied to umbrella. Bodily Injury Liability Property Damage Liability Personal Injury Protection Uninsured/underinsured Motorist Bodily In...
by jimishooch
Sat Feb 04, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: High Car Insurance VS Umbrella Insurace
Replies: 16
Views: 2304

Re: High Car Insurance VS Umbrella Insurace

GEICO saved me 26% across 4 policies: home/auto/motorcycle/umbrella.

good luck
jim
by jimishooch
Mon Jan 30, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 4473

Re: What do you include in your asset allocation calculations?

fixed income= bonds: in any shape or form CDs: in any shape or form money market/high yield savings fixed annuities with that said my emergency fund (budget expense account) is not counted toward's AA. either is any income producing vehicle; SS/pension etc. good luck jim How do you reconcile the fa...
by jimishooch
Sat Jan 28, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 4473

Re: What do you include in your asset allocation calculations?

fixed income=
bonds: in any shape or form
CDs: in any shape or form
money market/high yield savings
fixed annuities

with that said my emergency fund (budget expense account) is not counted toward's AA. either is any income producing vehicle; SS/pension etc.

good luck
jim
by jimishooch
Tue Jan 10, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: To those with a pension...
Replies: 52
Views: 7521

Re: To those with a pension...

A) no
B) no
50/50 investable asset allocation after income (pension and/or SS).

saving 40% of take home beyond 401k and rIRAs, 64/55 YOA.
by jimishooch
Sun Jan 08, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: LTC Self- (and Fully-) Funded Account
Replies: 1
Views: 236

Re: LTC Self- (and Fully-) Funded Account

i'm very satisfied with this paid up joint policy with LTC rider with monthly benefits for life. optional inflation rider if you want it. any money not used stays with the estate...with that said i'm 64.

https://www.buaweb.com/cms/resource_lib ... ochure.pdf

good luck
jim
by jimishooch
Wed Jan 04, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: "How Pensions and Social Security Affect Asset Allocation"
Replies: 19
Views: 3807

Re: "How Pensions and Social Security Affect Asset Allocation"

this very question of income in my AA brought me this forum,

not included, never will be.
by jimishooch
Fri Dec 23, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance (LTC) - Coverage decision
Replies: 11
Views: 1690

Re: Long term care insurance (LTC) - Coverage decision

FYI,
joint policy offered . can add LTC benefits for life and an inflation rider.

https://www.buaweb.com/cms/resource_lib ... ochure.pdf