Search found 4539 matches

by itstoomuch
Sat Oct 21, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 29
Views: 4172

Re: When one reaches the 1 million mark what to do with all the money?

I content that BH is really a Risk Management Forum that sometimes masquerades as an investment forum .
YMMV 8-) :annoyed :oops:
by itstoomuch
Sat Oct 21, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 21
Views: 1049

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

In 2008, I knew we were in undergoing a "situation". I sorta knew that we in a whirlpool of Sequence of Events/Returns , at the verge of planned retirement in 2009 (59/62). You should have seen the fear in older bro's eyes, and something I never had seen even in his 10 years with the FRB-NY (Martin,...
by itstoomuch
Sat Oct 21, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How does/can Walmart offer such inexpensive prescriptions?
Replies: 72
Views: 2879

Re: How does/can Walmart offer such inexpensive prescriptions?

My guess is that the cost to manufacture is low and the distributors and retailers are passing on the savings. Blood pressure pills are probably at cost of dispensing or less.
JMO
by itstoomuch
Sat Oct 21, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities Bad Idea?
Replies: 20
Views: 942

Re: Fixed Annuities Bad Idea?

Our 5 yr FI has a Account balance that yields less than a 36 mn CD. The Income Acct is OK with 5% compounding. We started RMD withdrawal at 6.5% on the Income account's Value, September 2017. The 6.5% exceeds the RMD of 3.7% thus I don't need to make withdrawals from other IRAs. My FA, refuses to se...
by itstoomuch
Sat Oct 21, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Annuities Bad Idea?
Replies: 20
Views: 942

Re: Fixed Annuities Bad Idea?

depends.
I spent many months looking at various annuities AND long options. AND portfolio design.
When we bought, the conditions and offering are different from today.
Do Your Due Diligence.
YMMV..
by itstoomuch
Sat Oct 21, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 21
Views: 1049

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

Now that you know What we have... You oughta know Why we have... Lots of reasons: Brother works for BigBank, was in risk management now advisory. PhD, careerist. BigBank wants to maximize Income and in doing so became a TBTF and stressed Interest products (its their business) and write-off bad risks...
by itstoomuch
Fri Oct 20, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 21
Views: 1049

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

My questions are: 1. What is the best choice for the $65k 401k? 2. Was the Brighthouse annuity the best choice for my needs? 3. Are there other safe pension options for my $65k 401k that don't have the high commissions and fees that the Brighthouse annuity has? 4. Is the 1% management fee reasonabl...
by itstoomuch
Fri Oct 20, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 111
Views: 7221

Re: Does anyone here with net worths north of $1 mil use financial advisors?

yes, but for financial ideas and strategies. We did get LTCi and d GLWB VA's from advisor when Fidelity and Vanguard did not offer them and we had accounts with both. But I also do my own "stuff" :greedy I also like the "option" to Blame someone else for my mistakes because we paid for that "right" ...
by itstoomuch
Fri Oct 20, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 464
Views: 42254

Re: Picking College and College Scholarships

Update on the State U route for STEM undergrad and grad school for high performing student. Over 2 years in at grad program. Passed her qualifying exams so officially now a PhD candidate. Has published papers and presented at several national and two international conferences. She loves grad school...
by itstoomuch
Fri Oct 20, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance
Replies: 36
Views: 1566

Re: Whole Life Insurance

Find out how do you access (take) the CV.
by itstoomuch
Thu Oct 19, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance
Replies: 36
Views: 1566

Re: Whole Life Insurance

It's only a return if it can be realized, otherwise it's a phantom.

Just like anyone's Index/MF/brokerage account, unrealized gains or losses are just that, Unrealized.
If Unrealized, is the reason BH exists... Risk management :annoyed
YMMV :oops: .
by itstoomuch
Thu Oct 19, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance
Replies: 36
Views: 1566

Re: Whole Life Insurance

What you are missing is that if the OP should die, the CV is lost. And the insurance death benefit is paid. It is insurance and nothing else :oops:
by itstoomuch
Thu Oct 19, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Converting to Safety Razors
Replies: 88
Views: 9126

Re: Converting to Safety Razors

Retired. 67. I covet the retired life style and look of old men :mrgreen: :annoyed .
by itstoomuch
Thu Oct 19, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Pant Recommendations (Business Casual)
Replies: 30
Views: 1849

Re: Pant Recommendations (Business Casual)

I'd recommend to get a left and right pant, to get a matching set of pants.
To the pants I would add a matching loincloth. A loincloth makes attaching the left pant and right pant to the waist thus, holding up each pant at the proper height.
Definitions are important, :mrgreen:
by itstoomuch
Wed Oct 18, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 17
Views: 1312

Re: Buy a rental property before primary home?

itstoomuch wrote:
Wed Oct 18, 2017 12:27 am
OP, you have talked to a tax accountant and a RE agent?
The first house/rental secures the second house/rental.
YMMV
We converted 0% (nominal) yield cash to 6-1% Income rentals plus any appreciation and known depreciation. For Us, Depreciation deduction is a big deal. :greedy
YMMV
by itstoomuch
Wed Oct 18, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Savings - Is it enough?
Replies: 38
Views: 3520

Re: 529 Savings - Is it enough?

Likewise, depends.
Trouble with over funding a 529 is that you now a college fund for grandchildren.
UGMA has a lot more flexibility including 529-UGMA, and using excess funds for enrichment ECs and go funds after graduation of HS, college, first job, and first marriage :annoyed
Ymmv
by itstoomuch
Wed Oct 18, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 17
Views: 1312

Re: Buy a rental property before primary home?

We have condos, 2+2, Seattle & Redmond.
by itstoomuch
Wed Oct 18, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Using a broker for a Supplemental Medicare Plan?
Replies: 21
Views: 778

Re: Using a broker for a Supplemental Medicare Plan?

we used a Financial Advisor/broker. He writes a lot of plans and because he writes a lot of plans, he knows in greater detail the whys and whatnots and hears from clients.
YMMV
by itstoomuch
Wed Oct 18, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 17
Views: 1312

Re: Buy a rental property before primary home?

OP, you have talked to a tax accountant and a RE agent?
The first house/rental secures the second house/rental.
YMMV
by itstoomuch
Wed Oct 18, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3005

Re: Grandparents want to give to grandkids

Hello I have 2 small kids < 3 and my parents would like to gift them some money. What is the best way to do this. i have 529 accounts, they could technically deposit money directly in that. They mentioned opening a custodial account. My only concern is that i'm not sure I would want my kids to have...
by itstoomuch
Tue Oct 17, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1572

Re: Help picking apart whole life insurance cash value

WL dividends are generally, a "refund of premiums" and thus not taxed a second time because you paid taxes earlier when you earned wages. AGAIN, What's Wrong With Your Life Insurance.
by itstoomuch
Tue Oct 17, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3005

Re: Grandparents want to give to grandkids

I wouldn't worry about it too much. If your kid turns out to be impulsive or irresponsible just don't tell them that they have control of the account until they start doing their own taxes. We saddled him the max unsubsidized Stafford student loans. We also placed UGMA funds into his 529. If he wan...
by itstoomuch
Tue Oct 17, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1572

Re: Help picking apart whole life insurance cash value

You really need to read Norman Dacey's, Whats Wrong with Your Life Insurance , https://www.amazon.com/Whats-Wrong-Your-Life-Insurance/dp/0025293508. And see a presentation from a veteran Primerica agent. Sorry, I'm not getting anywhere near anything with Primerica's fingerprints on it. One time bur...
by itstoomuch
Tue Oct 17, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Is there really a lithium battery in a USB-C-to-micro-USB adapter?
Replies: 8
Views: 622

Re: Is there really a lithium battery in a USB-C-to-micro-USB adapter?

They have extra labels that had to be inventoried and needed to be used somewhere to get the labels' value off the books. :oops:
TheirMMV :|
by itstoomuch
Tue Oct 17, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1572

Re: Help picking apart whole life insurance cash value

OP, You really need to read Norman Dacey's, Whats Wrong with Your Life Insurance , https://www.amazon.com/Whats-Wrong-Your-Life-Insurance/dp/0025293508. And see a presentation from a veteran Primerica agent. IIRC, Life Insurance ( face value) purchased is an asset and the Cash Value is a liability t...
by itstoomuch
Tue Oct 17, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5462

Re: What do you buy in Asian food stores?

Off Topic but related;
What do you buy at Hispanic food stores? We have one on the corner of our new place.
by itstoomuch
Tue Oct 17, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12978

Re: Annuities-when and why?

Littlebird, Did you ever have the option of partially annuitizing your VVA? No, it was all or nothing. But I must have known that years ago when I set it up, because I did set up 2 separate contracts, and added to them both as the years went by, although I honestly don't remember any more if that w...
by itstoomuch
Tue Oct 17, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1572

Re: Help picking apart whole life insurance cash value

It's been already been done.
WHAT'S WRONG WITH YOUR LIFE INSURANCE.
go see a Primerica (A.L. Williams) presentation.
Ymmv
by itstoomuch
Tue Oct 17, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 17
Views: 1312

Re: Buy a rental property before primary home?

JMO If you can convert non-producing assets into income producing and take depreciation, you would be ahead. Lenders tend to look at the ability to pay the monthly payments in the form of Income rather than uncommitted cash, stocks, bonds, or other RE. We discovered this in the purchase of our RE in...
by itstoomuch
Mon Oct 16, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Break-even investment on a single family home is... bad?
Replies: 3
Views: 602

Re: Break-even investment on a single family home is... bad?

OP, what you discovering is that the prices on homes have outpaced what you can get from renting it. Our second purchase (Redmond WA, which is to be used as our permanent retirement home) has a shortterm rent that has a BIG negative cap rate. This is OK since we will eventually sell our current home...
by itstoomuch
Mon Oct 16, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket in Retirement
Replies: 46
Views: 5205

Re: Tax Bracket in Retirement

BTW, I think that you will find that being in a higher marginal tax bracket, isn't so bad :idea: :greedy .
YMMV :annoyed
by itstoomuch
Mon Oct 16, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 35
Views: 1790

Re: Storing Lawn Tractor over the Winter

Too much trouble and too much chance of problems to replace a seal.
Easier to use bed liners and a diaper.
I had '47 model and need a more reliable unit.
by itstoomuch
Mon Oct 16, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12978

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. For many, Me and Spouse, we have a very small pension, and we took early SS. We bought annuities as a supplement to SS and the small pension...
by itstoomuch
Mon Oct 16, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 35
Views: 1790

Re: Storing Lawn Tractor over the Winter

I have a 1952 8N and squirt a couple cc's of Marvel Mystery oil in each cylinder then turn the engine over a few times --- in addition to the above suggestions. Love those old Fords. I have a 1946-ish 9N, and I do absolutely nothing to it. Sometimes I don't run it for a couple of years. It sits out...
by itstoomuch
Mon Oct 16, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12978

Re: Annuities-when and why?

Maybe I am totally missing this. But a payout rate of 7% does not equal a 7% investment return. Your purchase price of the annuity is a sunk cost. Much of the money being returned was yours. Right? yes. But this same logic also applies to IRAs & 401k The good thing about an annuity is the predictab...
by itstoomuch
Mon Oct 16, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 35
Views: 1790

Re: Storing Lawn Tractor over the Winter

where do you live? Temp extremes in the winter? I have a diesel, less problems. :P For my gas engines, I just add stabilizer and sometimes leftover 2 cycle gas , run engine to get stabilizer into the carb and coat the cyclinder. Fill tank with stabilizer gas. Theoretically I will try to start engine...
by itstoomuch
Sun Oct 15, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5462

Re: What do you buy in Asian food stores?

I take the measure of people on their willingness to try new foods (things) and in new combinations-permutations. Especially when it comes to Investing. :oops:
YMMV 8-)
by itstoomuch
Sun Oct 15, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5462

Re: What do you buy in Asian food stores?

Victoria,
Does it really matter on what and how you prepare the food. It is food. and If you dont like the preparation, prep another way the next time.
never, turn down a hamburger, no matter how it looks or smells. :sharebeer
by itstoomuch
Sun Oct 15, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 84
Views: 6821

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

In and around late 2007 and 2008, I read Taleb. I knew something was happening but didn't really know what but I began looking for a way to put the Market. I am really not sophisticated in Market strategies, basically a farmer. Looked at puts/calls/shorts and tried to plow thru older Bros' Seldon Na...
by itstoomuch
Sat Oct 14, 2017 10:08 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5462

Re: What do you buy in Asian food stores?

Just for😀,
The Brassicacaea family has a James Bond connection. Do you know what it ? :annoyed :confused 8-)
YMMV😎
by itstoomuch
Sat Oct 14, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5462

Re: What do you buy in Asian food stores?

Ramen noodles :D Many asian vegetables are belong to the cruciferous (Brassicacaea) family (https://en.wikipedia.org/wiki/Cruciferous_vegetables). When eaten raw human digestion converts the indigestible plant sugars and sulfur into HSulfides, H2 and CO2. You can mitigate being unwelcomed, by eating...
by itstoomuch
Sat Oct 14, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 40
Views: 2438

Re: Medicare Advantage vs. Supplemental

Yes.
My primary decided that she didnt want to go around Mt Hood in the winter and dodge the fires in the summer. So she up and left for Hawaii, taking her horses with her. We will be moving to WA probably in 2018 so we will change to a new Medicare plan.
by itstoomuch
Sat Oct 14, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 40
Views: 2438

Re: Medicare Advantage vs. Supplemental

^ Kaiser Permanente; $127/mn; $2500 oop; $15/visit, includes D @0-15% copay, The FA's wife is head of local Kaiser. We wanted to use our primary of 25 years.

Kaiser P with higher OOP: $44/mn, $25/visit, $4900 oop. same drug benefit
by itstoomuch
Sat Oct 14, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 40
Views: 2438

Re: Medicare Advantage vs. Supplemental

^$3400 deductible and $3400 max annual Out-of-packet.

mermaids=is the name my wife calls the Silver & Fit leader, counter help, and stretch therapist :wink:

This is the recommendation of another FA that I use. His wife (MD) is head of the local Kaiser office.
YMMV
by itstoomuch
Sat Oct 14, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12978

Re: Annuities-when and why?

I too have a VA at Vanguard. You can “roll over” all or a portion of variable annuity assets into an SPIA through what is known as a “1035 exchange.” This exchange avoids exposure of the assets to current taxation. We have done several such exchanges in recent years to create income. Works great an...
by itstoomuch
Sat Oct 14, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 40
Views: 2438

Re: Medicare Advantage vs. Supplemental

Moda Medicare Advantage, 2018, Oregon @ $119/mn ($117 for 2017)includes D (20% copay?), $3400 deduct, $25 copay/visit, and free gym membership which we (I) use daily because of the machines, pool, sauna, hottub, steamroom, showers, and plenty of retirees and parttime mermaid help :annoyed . it's eas...
by itstoomuch
Sat Oct 14, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 3263

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

Depends.😎
I own individual stocks in Discretionary. Lost twice in aapl in their weak times in late 1990s and early 2000s.
I personally do not like their model as being too diversived thus I focus on single purpose companies.
I have sml caps mf/index in other financial products 🤔
by itstoomuch
Fri Oct 13, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: For those who prefer mortgages over cash: At what rate would that switch?
Replies: 8
Views: 1496

Re: For those who prefer mortgages over cash: At what rate would that switch?

OP,Depending on where you want to have your SFH, You may be in losing position,at this time, if you hold cash or a balanced portfolio.
viewtopic.php?f=1&t=229515
YMMV
by itstoomuch
Fri Oct 13, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: For those who prefer mortgages over cash: At what rate would that switch?
Replies: 8
Views: 1496

Re: For those who prefer mortgages over cash: At what rate would that switch?

I would switch to a better mortgage from our 4.75%, 40% down & equity (August 2017). I'd be overjoyed to just to have a 4.33% mortgage :annoyed
My remaining Discretionary $$ (after the purchase) is +10% YTD and has been 20-50% cash for 2017, currently 25%. :wink: