Search found 123 matches

by capjak
Mon Jul 29, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 96
Views: 10821

Re: My Fido retirement meeting pushing me to SMA

I looked at a Fidelity SMA also. The one I was somewhat interested in was a tax managed account that bought a group of stocks to match the S&P 500 and would do TLH and claimed as a result a small increase in return as compared to the comparable index fund. Cost was 50 basis points of AUM. The SM...
by capjak
Wed Jul 24, 2019 7:13 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 21881

Re: Laid Off - Want to Retire / Am I OK

You can retire financially.
by capjak
Mon Jul 15, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 13525

Re: Why I don't think I should get long term care insurance right now

No way would I touch a Whole Life policy with a 10ft pole. It's amazing the life insurance industry has added another complication to these horrible products to dupe another generation of suckers into buying these horrible products. But they don't call them modified whole (or permanent, which is be...
by capjak
Mon Jul 15, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 13525

Re: Why I don't think I should get long term care insurance right now

My fear of getting it: they raise your premiums just before you may need it to force you out of the plans. Because they are a modified whole life insurance product, hybrid LTCi policies cannot, TMK, increase your premiums. However, their benefits are not inflation adjusted. So if the cost of LTC in...
by capjak
Mon Jul 15, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 13525

Re: Why I don't think I should get long term care insurance right now

I am starting to look LTCI options as well and during the course of reading, some of the hybrid models (as opposed to straight out LTCI) seem intriguing, such the single premium immediate or deferred annuity. To me this falls under the "self-insure" bucket with planned money set aside (no...
by capjak
Sat Jul 13, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 2661

Re: Negotiating on an RV

You will need to find similar RVs to the one you want to negotiate and establish the market price for the RV, without a plan B RV it will be difficult to negotiate. If I can find a cheaper one that I may not like as much for some reason I will use that as the negotiating tool, being up front and say...
by capjak
Tue Jul 02, 2019 5:42 pm
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3623

Re: Do Target Date Retirement Funds Have a Down Side?

They are awesome in a tax deferred account, auto rebalance etc... Mine options have reduced fees since institutional shares.

In taxable you may want to pick your own, but really a small fee the target date/balanced funds are a great option also.
by capjak
Fri Jun 28, 2019 4:58 am
Forum: Personal Finance (Not Investing)
Topic: Securing a "Private Pension"?
Replies: 18
Views: 2763

Re: Securing a "Private Pension"?

For some SPIAs, MYGAs can be the right tool. SPIAs are said to be by several researchers to be an efficient way to get a lifetime income stream with a portion of your portfolio. However if I was getting an annuity it would not be from someone that pitched it as described by the OP.
by capjak
Tue Jun 25, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: Preferred Stocks?
Replies: 11
Views: 2360

Re: Preferred Stocks?

I have approximately 6% of Portfolio in preferred stock. The yield is 5% to 6.3%. I do not intend to sell them. They can be called but several are 10-20 years past call and continue to pay dividends. There is little to no growth 3-10% above my purchase price, mostly utilities/financials. During the ...
by capjak
Fri Jun 14, 2019 11:39 am
Forum: Personal Investments
Topic: Do Preferred securities let you sleep well at night?
Replies: 32
Views: 4352

Re: Do Preferred securities let you sleep well at night?

Definitely would try to keep it at a lower % of Portfolio and many follow stocks on the way down but not on the way up. I have several individual preferred stocks (no index funds) that are lightly traded ( i.e. not liquid, a few less than100 shares per day) and a few that are 20 year past call that ...
by capjak
Wed Jun 12, 2019 6:09 pm
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 4387

Re: Asset allocation for those in their late fifties

57 (3 more months to retirement) and 56 (retired)

30% stock
60% Bond
10% Cash

will slowly increase to 50/45/5
by capjak
Fri Jun 07, 2019 1:59 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 64
Views: 8018

Re: How is Merrill Edge?

I just opened an account to get bonus and rewards credit card is a plus. In addition you can call and have cash funds put in their preferred deposit (FDIC insured) and pays 2.07%, while you determine how/what to invest. But you have to purchase and sell that preferred deposit cash account via phone ...
by capjak
Tue Jun 04, 2019 6:58 am
Forum: Personal Investments
Topic: To Roth 401(k) or not
Replies: 20
Views: 1714

Re: To Roth 401(k) or not

Check the state you intend to retire as some states do not tax retirement (401k and IRA) distributions.
by capjak
Mon May 27, 2019 8:31 am
Forum: Personal Investments
Topic: Help with Parents financial planning
Replies: 30
Views: 2823

Re: Help with Parents financial planning

Others have addressed most of the risks etc.. I did not notice if your Mom's pension is 100% survivor or not? If not, I would see how that impacts the plan as well (i.e. Father outlives Mom). I would also plan to see if it makes sense to have a LTC policy for both, either asset based (life insurance...
by capjak
Fri May 24, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Early retire and taxable. More bonds? Different AA than tax deferred space?
Replies: 26
Views: 1797

Re: Early retire and taxable. More bonds? Different AA than tax deferred space?

This has been answered many times. I think I understand the process... Example: Protfolio $1,000,000 AA=40% stocks,60% bonds Tax Deferred IRA account $600,000 all Bonds (pay penalty if access before 59.5) Taxable account $400,000 all Stock Fund Annual expense from assets $40,000 and do not want to c...
by capjak
Tue May 21, 2019 6:40 am
Forum: Personal Investments
Topic: Merrill Edge Users - What Do You Use for Cash Management?
Replies: 11
Views: 2416

Re: Merrill Edge Users - What Do You Use for Cash Management?

+1 ChicagoBear7 I am new to Edge and I also use the Preferred Deposit as it is at 2.07% and is FDIC insured. You have to call and have them purchase and sell the preferred Deposit $$ each time at no cost for the transaction (100,000 minimum as stated to open but after word can be lower and still get...
by capjak
Fri May 17, 2019 9:14 am
Forum: Personal Investments
Topic: What "other" tax advantaged accounts should one know about?
Replies: 7
Views: 1732

Re: What "other" tax advantaged accounts should one know about?

Multi Year Guaranteed Annuity is tax deferred (MYGA). They have durations as short as 3 years and pay similar to a CD. They are considered CD alternative, sometimes with higher interest. They have early surrender charges sometimes higher than a CD but also many allow for penalty free withdrawal of 1...
by capjak
Sat May 11, 2019 10:01 am
Forum: Personal Investments
Topic: Evaluating Pension Options
Replies: 16
Views: 924

Re: Evaluating Pension Options

I convinced myself to take the higher payout upfront. With COLA it maybe a little different than my Level Income Option which is non COLA: Mine: Pays an extra $18,000 (compared to joint non cola from today until age 62) where it drops down by $24,000 to mimic Social Security Payout. I looked at all ...
by capjak
Fri Apr 26, 2019 9:27 am
Forum: Personal Investments
Topic: Best book on annuities
Replies: 4
Views: 483

Re: Best book on annuities

-Life Annuities: An Optimal Product for Retirement Income by Moshe A. Milevsky
http://www.stantheannuityman.com/annuit ... tanifesto/ He will send you his free books, easy to read.

John Olsen's Guide to Annuities for the consumer.
by capjak
Thu Apr 25, 2019 12:50 pm
Forum: Personal Investments
Topic: Tax Efficiency and limited Bond funds in 401k
Replies: 6
Views: 465

Re: Tax Efficiency and limited Bond funds in 401k

mega317 wrote: Thu Apr 25, 2019 12:15 pm JCBUX looks at first glace like a fine fund to me. 0.3% is really NBD. Good credit quality, intermediate duration. It actually looks almost identical to Vanguard Total Bond Index except the ER.
That was my reservation JCBUX. But if similar to total bond than I will probably proceed.
by capjak
Thu Apr 25, 2019 12:47 pm
Forum: Personal Investments
Topic: Tax Efficiency and limited Bond funds in 401k
Replies: 6
Views: 465

Re: Tax Efficiency and limited Bond funds in 401k

What is the ER for the Target Date fund, and do you have any funds with earlier target dates (like 2010 or 2015)? Is that lower than 0.3%? If so that is where I would move 401k funds to. I would try to avoid short term treasury funds in 401k (lower yield) or high expense bond funds. It may be that ...
by capjak
Thu Apr 25, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: Book on withdrawal strategies / retirement income?
Replies: 25
Views: 3361

Re: Book on withdrawal strategies / retirement income?

The books mentioned look interesting. but a book can only provide principles and guidelines and cannot give advice tailored to an individual. What software, either desktop or online, helps investors formulate a spending and investment plan in retirement, estimating life expectancy and incorporating...
by capjak
Thu Apr 25, 2019 11:05 am
Forum: Personal Investments
Topic: Tax Efficiency and limited Bond funds in 401k
Replies: 6
Views: 465

Tax Efficiency and limited Bond funds in 401k

I am trying to move to a more tax efficient allocation (taxable vs tax deferred) currently I have a target State Street fund 2020 (SSBOX) that is appxs 45/55 stock/bond I would move 45% stock allocation to taxable by converting to 100% bond fund in 401k while purchasing the equal dollar amount that ...
by capjak
Mon Apr 08, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Self-Insurers: How are you planning and investing for old age care?
Replies: 47
Views: 3434

Re: Long Term Care Self-Insurers: How are you planning and investing for old age care?

Very often, it works the other way, unfortunately. For example, people often end up in a nursing home because of a degenerative disease of some kind. These can't typically be prevented or delayed by exercise, nutrition, etc. It's a combination of genetics, age, and bad luck. These diseases take a l...
by capjak
Thu Apr 04, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2745
Views: 437284

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Has anyone gotten any "custom" offers from Merrill Edge and what were they?

I know they will do custom offers if you transfer higher $$$ but have to keep the money in the account longer to get it.
by capjak
Sun Mar 31, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17925

Re: How often do you check your net worth?

Daily using personal capital since you press one button phone or computer incredibly easy.
by capjak
Sun Dec 30, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 136
Views: 15507

Re: Annuities objectively considered

@nedsaid. Fidelity is just not competitive on their SPIA and deferred income annuity. I ran on immediate annuity.com and their rate for a 59 year old getting income at 65 based on 200,000 premium was $1473 per month and if you want return of premium prior to 65 if you pass you reduce it to $1394 per...
by capjak
Thu Dec 20, 2018 3:24 pm
Forum: Personal Investments
Topic: Current allocation is 100% stocks- any good reason to change?
Replies: 71
Views: 6515

Re: Current allocation is 100% stocks- any good reason to change?

I'll ask, what is the maximum % you might lose in a very bad crash when holding 100% equity? How much gain would be required to get it back? Well I guess if the markets drop by 50% ('08 was 38%, right?), it would take 10 years of ~5% returns to get it back, or 15 years of 3.5% returns. I would expe...
by capjak
Sat Dec 01, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3747

Re: Help me understand "Payout Rate" for an Annuity

I have been using this link for calculating return from annuity (non cola or non increasing %) https://www.investopedia.com/calculator/arannuity.aspx per the link "An annuity that is worth $500,000.00 today, that lasts 15 time periods and pays a constant $43,008.00 over each time period has an ...
by capjak
Fri Nov 09, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 8661

Re: Too many choices for my next TRUCK

The New 2019 Ram 1500 with the big glass screen informat looks Awesome and the interior is again Awesome.....


That would be my choice 2019 NOT 2018 with the larger screen 11.5 inch I believe reminds me of the Tesla....
by capjak
Sat Nov 03, 2018 10:16 am
Forum: Personal Investments
Topic: CD ladder in distribution phase
Replies: 4
Views: 499

Re: CD ladder in distribution phase

I should have added that fidelity has some decent bond ladder tools as well using actual CDs to model what I believe you are asking, if you have a fidelity account.
by capjak
Sat Nov 03, 2018 10:14 am
Forum: Personal Investments
Topic: CD ladder in distribution phase
Replies: 4
Views: 499

Re: CD ladder in distribution phase

I stumbled on to this tool, I played with it a little but your mileage may vary.... I know very little about the calculations but here it is check it carefully....

http://www.incomeladders.com/income_ladder_example.htm
by capjak
Wed Oct 31, 2018 7:00 pm
Forum: Personal Investments
Topic: CD vs. Deferred Fixed Annuity
Replies: 17
Views: 2230

Re: CD vs. Deferred Fixed Annuity

I think you may be referring to what is also commonly called a MYGA (Multi Year Guaranteed Annuity). 2.9% would be a good rate for a 3 year A++ rated Mass Mutual (remember not FDIC insured, however i Mass Mutual is very unlikely to have issues in the next 3 years). It is tax deferred and they usuall...
by capjak
Thu Aug 02, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way To Set Up Online Video Editing Business
Replies: 5
Views: 302

Re: Best Way To Set Up Online Video Editing Business

Not sure where you are located by I would set up a meeting with SCORE if you have a local chapter:

https://www.score.org

This is a volunteer program that my retired wife is currently a mentor. So another thing for people who do not know what they will do in retirement.....
by capjak
Mon Jul 23, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Please - Need Help With Pension Plan Options
Replies: 16
Views: 1352

Re: Please - Need Help With Pension Plan Options

I have similar options and I like the Level Income option allows you to feel better about early years expenses and lowers pay for later allowing you to start conversions to roth to lower RMD starting around 62 years of age. I intend to not take SS at 62 but use the extra room for the conversions and...
by capjak
Wed Jul 11, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 41392

Re: free dinner investing seminar

Going on my 8th investment dinner tonight in the last 4 years (3 this year). I also have been to 5 of the free 1 hour reviews. I have gotten fairly picky on which ones I accept now, only those at the 'best places". Have yet to be pressured to do anything at any of these. If you say nope, they ...
by capjak
Wed Jul 11, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 41392

Re: free dinner investing seminar

Going on my 8th investment dinner tonight in the last 4 years (3 this year). I also have been to 5 of the free 1 hour reviews. I have gotten fairly picky on which ones I accept now, only those at the 'best places". Have yet to be pressured to do anything at any of these. If you say nope, they m...
by capjak
Wed Jul 11, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3870

Re: Dad asked for my help on pension decision that I do not understand

Annuities make me nervous, because they depend on the insurance company staying in business, Or is that wrong? Is there some other guarantee? Most state insurance agencies have funds that cover insolvency up to a dollar amount. For example in Illinois you are protected for an an annuity up to $250,...
by capjak
Sun Jun 24, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1945

Re: LTCi option - whole life w/ Continuation of benefits rider

If paying single premium up front cost is $20,000 more for National Guardian but as yo indicate the Asset care could have an out of pocket cost first 2 year of more than that depending on when the event occurs in the future. Each person needs to investigate for themselves and not do it based on the ...
by capjak
Fri Jun 22, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1945

Re: LTCi option - whole life w/ Continuation of benefits rider

I am purchasing the Asset Care I from One America, it covers 2 people, paying whole life premium plus 10 annual payments for the rider than it is paid off. You can buy it so that it depletes the whole life benefit within the first 2 years (that is at 0% inflation) than the unlimited LTC benefit kick...
by capjak
Fri Jun 22, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing my money worries in retirement
Replies: 17
Views: 3108

Re: Minimizing my money worries in retirement

WhiteMaxima wrote: Fri Jun 22, 2018 12:15 pm Anunity. You would have fixed income for life. No worries.
Inflation adjusted annuity from AM Best A++ insurance company (A or A+ probably ok) very little worries.
by capjak
Fri Jun 22, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 5240

Re: This is ridiculously expensive LTCi, right? Or maybe not?

I purchased a similar policy called Asset Care I from One America with 3% inflation but cover 2 people and does have a death benefit (whole life with LTC rider unlimited benefit). You need to check her policy and verify the information. If she has everything you reported than I would keep the policy.
by capjak
Fri Jun 22, 2018 9:45 am
Forum: Personal Investments
Topic: Income Annuities
Replies: 20
Views: 1605

Re: Income Annuities

There are annuities that I would consider but only after knowing all parameters (assets/expenses etc..) 1. Single Premium Immediate Annuity (Inflation adjusted or % increase annually or no cost of living adjustment) 2. Deferred Income Annuity and/or QLAC 3. Multi Year Guaranteed Annuity- This one is...
by capjak
Mon Jun 18, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: New Fidelity Freedom Funds?
Replies: 11
Views: 3137

Re: New Fidelity Freedom Funds?

Of course I just told my 25 year old teacher daughter to put her 403b in Fidelity Freedom Fund 2055.....ugh....expense looks horrible
by capjak
Mon Jun 18, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 13587

Re: Timeshare ever worth it? Please share details

I would have to disagree with you on them being “infinitely flexible”. I don’t not believe it would be so easy to plan a trip where say you want to go to 3 European or South American or Asian cities in say 8 or 9 days. What if you are unable to travel this year for a reason? Can you get your money b...
by capjak
Mon Jun 18, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 13587

Re: Timeshare ever worth it? Please share details

Renting Timeshares is certainly a more economical way to go if you just travel a few weeks per year. However if you do not mind some of the more "Overbuilt Locations" you can take longer vacations (several weeks to months to the entire year) via timeshares and only owning 1 resort that you...
by capjak
Thu Jun 14, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 13587

Re: Timeshare ever worth it? Please share details

I have bought several, but never from the developer. After having a timeshare it is really hard for us to downsize to a hotel room on vacation but we do it sometimes and it sucks.... Timeshares are typically 2 to 3 bedroom condos with Kitchens, washer/dryer, family room separate bedroom and resort a...
by capjak
Sun Jun 10, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 124
Views: 8989

Re: long term care insurance

I am in the process of purchasing a hybrid whole life with unlimited LTC rider with 3% inflation (Asset Care I, One America). $9000 (4500 per person) per month for first 25 months (no inflation) than rider kicks in at $9000 per month (4500 per person) 3% inflation and pays as long as one or both are...
by capjak
Sun Jun 10, 2018 10:06 am
Forum: Personal Investments
Topic: Advice for retirement plan/income/spend
Replies: 9
Views: 1870

Re: Advice for retirement plan/income/spend

You have $4.7M plus $49K in pensions, plus SS later on. It doesn't matter what you do to get $100K each year from your assets which is about a 2% annual withdrawal rate. I can speak from personal experience that you can have $140K of income to spend, have an AGI of about $100K, taxable income of $7...
by capjak
Thu Jun 07, 2018 10:36 am
Forum: Personal Investments
Topic: Fixed Income investments too conservative?
Replies: 59
Views: 5061

Re: Fixed Income investments too conservative?

Dottie57 wrote: Thu Jun 07, 2018 10:26 am
galeno wrote: Thu Jun 07, 2018 10:12 am What a complicated mess of a portfolio!

Try this 3 fund 30/70 porfolio:

30% TWSM + 40% TBM + 20% TIPS + 5% CASH

Simpler. Better. Cheaper.
+1
95% where is the other 5%? 30/45/20/5?