Search found 4685 matches

by itstoomuch
Mon Nov 20, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 7
Views: 220

Re: Variable Annuity - Time to Surrender ?

I too dumped 50% of IRA s into these annuities 2008-2012. :oops: I am glad I did dumped that much into this type of annuity when we did and would have done more if our FA and Regulatory practices allowed it. :moneybag :dollar At this time and in the near 0-2 years, if either the Equity or Debt Marke...
by itstoomuch
Mon Nov 20, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 7
Views: 220

Re: Variable Annuity - Time to Surrender ?

Have you been reading recent threads on GLWB VA and GLWB Fixed-Index annuities?
Ymmv
by itstoomuch
Sun Nov 19, 2017 6:58 pm
Forum: Personal Consumer Issues
Topic: Are expensive tires worth it?
Replies: 42
Views: 2302

Re: Are expensive tires worth it?

We buy LesSchwabTires (western states distributor) best tires. They may not be as good as other brands but the are good enough and not cheap. Their service, locations, are supurb. There is a LesSchwab close to every major hiway and city down to 10k -15k populations. My midvalley city of 120k has 6 s...
by itstoomuch
Sun Nov 19, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3296

Re: Oregon makes you save, unless you object. NYT article

The proposed Columbia River Crossing was nixed by Washington.
Everything that Washington wants, Oregon will do opposite. What Oregon wants, Washington will do opposite. Like two siblings separated by bedroom wall, living in the same 🏠.
by itstoomuch
Sun Nov 19, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3186

Re: Do you include the sale of your home as part of your retirement planning?

Ambivalent.
We have LTCi. We will be moving from moderate cost housing area to high cost housing area. Son will inherit stepup properties. Our fixed income sources (deferred GLWB annuities, SS, small pension) is enough. Worse case is to tap home equity.
YMMV
by itstoomuch
Sun Nov 19, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3296

Re: Oregon makes you save, unless you object. NYT article

As an Oregon Beaver we built our retirement larder by building structures that made our retirement wealth bigger. However, there are many freeloaders, people who are trying-to-make-it, and a huge influx of starting-a-new-life in Oregon . I am ambivalent to this. If a nudge is what it takes, I'm all ...
by itstoomuch
Sun Nov 19, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: College 529 Analysis
Replies: 14
Views: 854

Re: College 529 Analysis

I used Funding Ratio= COL/Fundings =>
Fundings x FR=COL =>
COL/FR = Fundings.
9/11 happen to our college funding :(
:mrgreen:
YMMV :wink:
by itstoomuch
Sun Nov 19, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Annuity - keep it or cash out?
Replies: 4
Views: 423

Re: Annuity - keep it or cash out?

Did Vanguard have the GLWB option and did you chose that option? If you did not have that option or did not chose that option, I would consider cashing out. If you did chose that option, I would seriously think about the guarantees. Did you chose the death benefit option? Is your health good to exce...
by itstoomuch
Sat Nov 18, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9878

Re: The 4% rule DOES fail but still makes sense!

^ RMD will exceed 4% at age ~72. We just hit 70 and RMD is 3.7X%. So if one has most if not all of their retirement in Index/MF IRA and any transferred 401k to IRA, their RMD will eventually exceed the 4% while they had planned on 4% SWR. If they are OK with excess 4% in RMD and put that excess back...
by itstoomuch
Sat Nov 18, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 414

Re: Variable annuity trading costs?

^ friar1610 has provided a more correct answer.
by itstoomuch
Sat Nov 18, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 414

Re: Variable annuity trading costs?

ER's reduce the yield of the fund. You don't directly see the ER whether within or without an annuity.
by itstoomuch
Sat Nov 18, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 414

Re: Variable annuity trading costs?

Sidebar: I find your question kinda fascinating in an odd way. The most basic question that BH has with Indexes, asset allocation of available Indexes is, "What is the Market risk of the Index(s)?" The most basic question for annuities is, "What are the fees within the annuity?" What people need to ...
by itstoomuch
Sat Nov 18, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 414

Re: Variable annuity trading costs?

I am not aware that you can trade individual equities within an MF selection in an VA.
I don't own any NWM so I can not say that every dVA has specific rules. I have a problem with mutual insurance/annuity companies.
by itstoomuch
Sat Nov 18, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 414

Re: Variable annuity trading costs?

Tis true for our dVA. Very little reason to "trade" funds. Our dVA do discourage "excessive" trading as do most IRA allocated funds, discourage trading within their family. Vanguard and Fidelity will discourage trading. Individual funds in our annuity have their own fees which are pretty small compa...
by itstoomuch
Sat Nov 18, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9878

Re: The 4% rule DOES fail but still makes sense!

^ how does RMD work with 4% SWR when most of our retirement assets are in IRAs?
by itstoomuch
Sat Nov 18, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 13
Views: 673

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

It's not "hobby money" but Discretionary . :annoyed Currently, our Discretionary Acct s (now mostly IRA) is relatively high cash. We recently bought retirement home and used various Discetionary Acct s has down payment funding. My major holding had a big run up and I took profits. I haven't found re...
by itstoomuch
Sat Nov 18, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

When talking about safe withdrawal rates and about the risk of running out of money before you die, I think it needs to be acknowledged that different people can have substantially different goals and preferences, and consequently a single correct approach cannot possibly exist , not even in theory...
by itstoomuch
Sat Nov 18, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3186

Re: Do you include the sale of your home as part of your retirement planning?

Sorta Depends :oops: Our primary is considerably less than its replacement. I had to liquidate Roths and Discretionary funds that I had planned for retirement Income. We now have a mortgage too where we didn't have before :annoyed :( . And a HOA :( And we're not living in the replacement home :annoy...
by itstoomuch
Sat Nov 18, 2017 12:02 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: 23
Views: 1254

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

If you have an exit plan then do it. We own no bonds using deferred annuities as bond substitute and risk transference to the annuity company. Thank you for your post. Busy week, still trying to understand all of your points. I don't have an exit plan - trying to figures out some COAs. Interesting ...
by itstoomuch
Sat Nov 18, 2017 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

^ I guarantee you that OP's annuity of 2012, is no more confusing than one bought today as a "new policy".
YUnderstandingMV
by itstoomuch
Fri Nov 17, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2890

Re: Confused about cash and retirement - isn't this really about market timing?

We DCA in accumulation 60/40 and ignored risk in the belief that 60/40 was near the " Efficient Investment Frontier ." In 2008, I realized that there is more than one frontier; There could be an " Efficient Risk Frontier " . When you realize that your modeling may work well in one era, but not anoth...
by itstoomuch
Fri Nov 17, 2017 9:15 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

Simple models don't tell all. At 76/81, our AA is 65/35 as it has been for years. Some suggest this is pretty risky. DW and I have discussed the BH philosophy, and the concept of asset allocation. She's familiar enough with our finances to carry on if I go first, but otherwise doesn't spend time on...
by itstoomuch
Fri Nov 17, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: Lower Interest Rates in Aging Populations
Replies: 2
Views: 615

Re: Lower Interest Rates in Aging Populations

My Discretionary Acct attempts to capitalize on demographics.
My deferred annuities were purchased on the hedge that interest rates would fall and equities rise.
YMMV
by itstoomuch
Fri Nov 17, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

OP. In 2008, I was pondering SSR while caring for my Mother, 24/7, and after my older Bro's (professional economist, risk management, big bank) visitation. I discovered more detailed algorithmic retirement and longevity calculators over the relatively simple MFs' calculators. The detailed calculator...
by itstoomuch
Fri Nov 17, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

The withdrawal rate in your parent's contract MayBe excellent at N% of Income Acct Value. How you view Withdrawal Rates will depend on current and future economic conditions and your need or lack of need to draw Income. :annoyed :oops: :confused Withdrawal becomes a Behavior problem more so than a F...
by itstoomuch
Fri Nov 17, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

^Original Contract is the Contract. This not unique to just annuities but for all contracts. Any subsequent changes to prospectus/new contracts are to new contracts only. there is no hurry to change anything yet because on protected Income Acct and any future Income is fixed at the Contract annivers...
by itstoomuch
Fri Nov 17, 2017 3:07 am
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 49
Views: 3899

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

Yes, there are some interesting quirks and Quacks in this calculator and in others. :oops:
Ymmg :moneybag
by itstoomuch
Fri Nov 17, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

Thank you everyone for your help thus far! Okay now for the wrap up, which I will add to the OP: -Nationwide Destination B 2.0 variable annuity, Lifetime Income Joint Rider (7%) -Parents purchased $100,000 in October 2012 at age 54, currently age 59 -Can cash out after 7 years, >age 59 1/2, but sub...
by itstoomuch
Thu Nov 16, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Under the sink water filter
Replies: 14
Views: 791

Re: Under the sink water filter

We used faucet filter for years. Then we had to replace kitcken faucet so we added a bar faucet that got its water from the under the sink icemaker filter. IMO the faucet filter (highest filtering) water tastes a bit better. I like the water taste uniformity of carbon filters. The chlorine taste is ...
by itstoomuch
Thu Nov 16, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: tax strategy for side income
Replies: 15
Views: 1130

Re: tax strategy for side income

Congratulations. :beer See a CPA. Our son (32) uses his extra income (Airbnb) for Discretionary uses: Inviting parents (mom & dad) on small trips; Home improvement; Discretionsrary stock and ETF monthly dollar-cost-averaging purchases, and hopefully something for a future wife and children :?: :?: :...
by itstoomuch
Thu Nov 16, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

Do not use the annuity tables in this contract. Use the stated percentages. This GLWB are not meant to be annuitized until much later in a person's life or not at all. Gotcha, thanks I think I have that part squared away now. The parts I was missing was the 7% minimum is only good for 10 years, and...
by itstoomuch
Thu Nov 16, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

^Added some more notes to above.
by itstoomuch
Thu Nov 16, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

Do not use the annuity tables in this contract. Use the stated percentages. This GLWB contracts are not meant to be annuitized until much later in a person's life or not at all. The owner/recipent is working from the protected Income value in GLWBs. The Annuity table will derive its basis from the A...
by itstoomuch
Thu Nov 16, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 1772

Re: Variable Annuity Help - Parent's finances

^ that is collect on the lock.
This future minimum benefit level knowledge is powerful for planning and as the guarantee explicitly state, regardless of market falls. See Vanguard s illustration on their GLWB VA.
by itstoomuch
Thu Nov 16, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 98
Views: 4929

Re: Tipping in living wage state. Redux.

yes I still appreciate the service and tip at 20%. Living in a HCOL areas, does not mean that a "Living Wage" job, is a living wage.
by itstoomuch
Wed Nov 15, 2017 11:28 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9878

Re: The 4% rule DOES fail but still makes sense!

flyingaway wrote:
Tue Nov 14, 2017 10:53 am

I also play on the MMM forum and use the same screen name.
So what is MMM? 8-)
by itstoomuch
Wed Nov 15, 2017 12:33 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: 23
Views: 1254

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

OP, I suggest you ask questions.
One question, I would ask is Why I am ambivalent and have kept the GLWB FIa for the last 5 years and have started withdrawals last month?
:mrgreen: :moneybag :greedy
by itstoomuch
Tue Nov 14, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mother in retirement: Withdraw annually or monthly?
Replies: 19
Views: 1951

Re: Mother in retirement: Withdraw annually or monthly?

We are opting for monthly. Except for annuities where there is no benefit for doing monthly and may in fact be disadvantageous.
by itstoomuch
Tue Nov 14, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 5150

Re: Keurig died...what now?

Burger King.
In my area, Senior' s 50cent coffee including refills. :greedy
I pay full price for the sausage biscuit @$1. :greedy
by itstoomuch
Tue Nov 14, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9878

Re: The 4% rule DOES fail but still makes sense!

Older Bro at one time worked in risk management at Big Bank, still does in another capacity. He and his like managers thought that they had enough safety built into the algorithms. Unknown to them was that very senior management had ignored/changed the stops/rules. Thus the algorithms spewed out mea...
by itstoomuch
Tue Nov 14, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9878

Re: The 4% rule DOES fail but still makes sense!

Don't want to ever test the theory :annoyed :greedy
Ymmv
by itstoomuch
Tue Nov 14, 2017 11:11 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: 23
Views: 1254

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

If you have an exit plan then do it. And that exit plan should be equal to or better than the FIA. It is better to own something that you understand than own something that you don't and includes Indexes. So will the FIA meet your objectives and if not then what does and at what current and future c...
by itstoomuch
Mon Nov 13, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3109

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

^
Cue the pro rent rants.
New purchases for rentals in the Seattle and Eastside (Bellevue/Redmond) have negative Cap Rates. IOW, rental prices have max'd out. It is cheaper to rent than to purchase for this area. :x :mrgreen:
YMMV
by itstoomuch
Mon Nov 13, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with daughters first investments
Replies: 12
Views: 710

Re: Help with daughters first investments

When our son was an RA (research assistant 2009-2010, ME-CS related, already with MS), I told him to invest in what is important: "target rich environment." :oops: :annoyed :mrgreen:
Ymmv :beer
by itstoomuch
Mon Nov 13, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3829

Re: Growth of Medicare Advantage enrollment

^ The local hospital bought out most of the local doctors or has contracted with doctors. The MA was bailed out by the local hospital. So far, it's been OK. I understand that not every locality has been as fortunate as we have been in MA. We are changing resident state in 6-12 mns, so the MA - Medic...
by itstoomuch
Mon Nov 13, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3109

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

OP, Our son ( now 32 ) did this, Seattle. Suspended 401k/Roth for 2 years prior and 1 year after purchase 2014. Home prices in Seattle region +12% for last 6 years. Even with very substantial pay increases, catchup increases, and bonuses, he would today be hard pressed to buy the home he bought in 2...
by itstoomuch
Mon Nov 13, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 68
Views: 4322

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

I did. But got tired at looking at the numbers. I bought into the same thing twice :oops: and lost twice badly. :oops: Decided never buy APPL again. :oops: Did the same for TSLA. :oops: Numb. :confused But the main number is up 18% fiscal 2107 while holding considerable cash. Discretionary primary A...
by itstoomuch
Mon Nov 13, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9583

Re: Retirees: I got this!!

Out of curiosity for those of you who have "opened the spigot", what do you spend money on now that you didn't before? Bought a retirement condo in Redmond WA. Haven't placed our current home in OR on the market. I have a parent (98) that I visit daily, OR. We pay an outrageous interest rate of 4.7...