Search found 677 matches

by plannerman
Thu Nov 27, 2008 8:48 pm
Forum: Investing - Theory, News & General
Topic: TaxCut 2008 available now for download
Replies: 20
Views: 8134

Dual

Yes, that is the site. And I downloaded the 2008 version.

Steve
by plannerman
Thu Nov 27, 2008 9:31 am
Forum: Investing - Theory, News & General
Topic: TaxCut 2008 available now for download
Replies: 20
Views: 8134

Taxcut download

After using TurboTax for about 20 years (back when it it had a Lotus 123 user interface) I decided to switch to TaxCut this year because of the pricing policy. I just downloaded my 2008 copy of TaxCut Premium from a company called MDOF PC LLC for about $35. Substantially cheaper than the $49.95 list...
by plannerman
Thu Oct 16, 2008 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Is there room for a Boglehead financial planner out there?
Replies: 27
Views: 6458

Boglehead planner

Gordo, I retired from a relatively high paying telecommunications industry job in 1999 at age 56. I was concerned, at the time, I might not be able to keep busy in retirement, and I was also looking for something to keep my mind active. I had a technical background, but I also had had an interest in...
by plannerman
Mon Sep 15, 2008 7:00 am
Forum: Investing - Theory, News & General
Topic: CD at Lehman Brothers Bank FSB
Replies: 29
Views: 12104

I expect there may be some loss of interest like what happened to holders of IndyMac CDs. The price of my Lehman Bank CD took a hit Friday and is now trading at about a 1% discount. So the market apparently thinks there could be some (small) effect.

Steve
by plannerman
Mon Aug 18, 2008 10:03 am
Forum: Investing - Theory, News & General
Topic: Forget SAFE withdrawal rate, let's talk about a risky one
Replies: 96
Views: 17196

Here’s something else to think about. I offered this thought once before and got a lot of flack, but maybe it’s worth floating again. Let’s suppose you are a 65-year-old male. According to the Society of Actuaries Annuity 2000 Tables with projection Scale G to 2002 (which assumes a healthy person of...
by plannerman
Tue Aug 12, 2008 7:50 am
Forum: Investing - Theory, News & General
Topic: A Guide to Starting Social Security Benefits
Replies: 4
Views: 1488

Nothing new here.

Steve
by plannerman
Tue Aug 12, 2008 7:32 am
Forum: Investing - Theory, News & General
Topic: A Guide to Starting Social Security Benefits
Replies: 4
Views: 1488

nevermind

I figgered it out.

Steve
by plannerman
Tue Aug 12, 2008 6:53 am
Forum: Investing - Theory, News & General
Topic: A Guide to Starting Social Security Benefits
Replies: 4
Views: 1488

file extension

OK, I give up. How do you open the file?

Steve
by plannerman
Wed Aug 06, 2008 6:51 am
Forum: Investing - Theory, News & General
Topic: Asset Class Returns
Replies: 7
Views: 2154

Small and Value histotical data

I finally found what I was looking for on DFA’s website here http://www.dfaus.com/philosophy/dimensions/ . Just in case anyone else is interested here are the annualized compound returns of US Indexes from 1927 to 2007: LV=11.21%, LG=9.42%, SV=14.03% and SG=9.28%.

Steve
by plannerman
Mon Aug 04, 2008 9:58 pm
Forum: Investing - Theory, News & General
Topic: Asset Class Returns
Replies: 7
Views: 2154

Bob,

Thanks for the response. However, I have to admit I don't know how to calculate annualized average returns fo LG, LV, SG, and SV from the data set you linked. Can you help?

Steve
by plannerman
Tue Jul 29, 2008 5:12 pm
Forum: Investing - Theory, News & General
Topic: Asset Class Returns
Replies: 7
Views: 2154

Asset Class Returns

I am trying to put together a simple 2x2 grid to illustrate size and value effects. I'm looking for long-term (1926-2007) US historical average annual returns for SV, SG, LV and LG. I assumed I could easy find this data on the Fama/French website, but have been unable to do so. Perusing several othe...
by plannerman
Wed Feb 13, 2008 4:26 pm
Forum: Investing - Theory, News & General
Topic: Why Don't People Insure Late Life Consumption?
Replies: 24
Views: 4822

nisiprius

[Income annuities make the most sense to an investor who has "just barely enough," and simply cannot afford downside risk.] Thanks for this framework. I hadn't thought about income annuities in quite this way. Rather I have viewed them simply as another alternative investment--one, in my opinion, w...
by plannerman
Wed Feb 13, 2008 11:21 am
Forum: Investing - Theory, News & General
Topic: Why Don't People Insure Late Life Consumption?
Replies: 24
Views: 4822

Income Annuities

I think there are perfectly valid reasons for someone who a) knows that income annuities exist, b) understands them and c) have looked at the numbers to decide not to buy one. And the inference that such a person is either ignorant or irrational if not both makes me bristle a little bit. I am person...
by plannerman
Sat Jan 26, 2008 8:12 pm
Forum: Investing - Theory, News & General
Topic: multivari study: 5 data pts: updated w/ charts/conclusions
Replies: 75
Views: 18478

%US stocks / % intl stocks / % fixed income / your age / home equity % / pension /pension income

50/15/35/64/100/yes/40%

plannerman
by plannerman
Thu Dec 20, 2007 10:20 am
Forum: Investing - Theory, News & General
Topic: Poll: Actual Retirement Expenses as % of Pre-Retire't Income
Replies: 24
Views: 4946

What income?

Do you mean pre or post tax income?

Steve
by plannerman
Tue Dec 04, 2007 9:11 pm
Forum: Investing - Theory, News & General
Topic: Please critique my next annuity article (second in a series)
Replies: 36
Views: 7903

Apples and oranges

I just got a quote from Vanguard, male born 12/10/1942 (age 65 next week). $100,000, single life. First payment 12/10/2008 (annual payments) of $8,391.12 I assume that I will spend it all each year that I live. While I didn't check your numbers, I suspect this quote is for a non inflation adjusted ...
by plannerman
Tue Dec 04, 2007 7:57 pm
Forum: Investing - Theory, News & General
Topic: Please critique my next annuity article (second in a series)
Replies: 36
Views: 7903

Another con

Bob, In thinking more about this, I have concluded the biggest con to me is the upside potential you give up when you buy a SPIA. If you invest the same amount of money in a well-diversified portfolio, the chances are you will end up with substantially more wealth than you wouldl have if you purchas...
by plannerman
Mon Dec 03, 2007 6:06 pm
Forum: Investing - Theory, News & General
Topic: Please critique my next annuity article (second in a series)
Replies: 36
Views: 7903

Bob, 2 Provides Highest Predictable Income For example, a man aged 65 can obtain a fixed immediate annuity with a payout rate of 5.67% with annual CPI-adjustments. Or he can obtain a payout rate of 5.97% and graded at 3% (meaning that the payout amount increases by 3% every year). These quotes were ...
by plannerman
Mon Oct 08, 2007 4:10 pm
Forum: Investing - Theory, News & General
Topic: A Question for Financial Practitioners on this Forum
Replies: 53
Views: 16112

Re investment management

Rick,

I suppose you might be correct, if in fact I charged by assets under management. But I don't. I charge a flat fee. So cool your jets.

Plannerman
by plannerman
Mon Oct 08, 2007 2:34 pm
Forum: Investing - Theory, News & General
Topic: A Question for Financial Practitioners on this Forum
Replies: 53
Views: 16112

Types of financial practitioners

Bob, As I'm sure you know, there are all kinds of financial practitioners from annuity sales people to comprehensive wealth managers, as well as everything in between. So I’m not sure there is a typical approach. I am a fee-only, comprehensive financial planner which includes cash flow planning, emp...
by plannerman
Mon Oct 08, 2007 9:44 am
Forum: Investing - Theory, News & General
Topic: Cost of E & O Insurance for Providing Financial Advice
Replies: 7
Views: 3567

E & O Insurance

I started a small financial planning business when I retired from corporate America 8-years ago. My clients are mostly family and previous co-workers who knew and trusted me. I don’t charge family members fees, so only about half my clients actually pay for services. Like many small financial planer...
by plannerman
Sun Oct 07, 2007 10:17 am
Forum: Investing - Theory, News & General
Topic: A Question for Financial Practitioners on this Forum
Replies: 53
Views: 16112

Retirement Planning

Bob, I provide my clients very specific numbers based on average expected returns, along with a graph of a Monte Carlo simulation that shows at what age they may run out of money if the worse case happens. This is intended to generate a discussion around the “unknowns” in retirement planning---retur...
by plannerman
Wed Jul 04, 2007 7:51 am
Forum: Investing - Theory, News & General
Topic: Can you really make a living selling indexing and low costs?
Replies: 25
Views: 7922

Limited experience.

I am a Registered Investment Advisor with a very small financial planning practice. So I have some experience with starting up a financial planning practice. Here are a few random comments for your consideration As Rick pointed out, without having an existing client base it is very difficult to get ...
by plannerman
Tue Jul 03, 2007 4:46 pm
Forum: Investing - Theory, News & General
Topic: How close to retirement were you able to predict expenses?
Replies: 18
Views: 5751

Retirement spending

We have been retired 8 years. We are currently spending about twice what we were spending when we were working and what I thought we would spend in retirement. After retirement we, moved to a golf course community, joined a country club, and made friends with a lot of affluent people. Consequently, ...
by plannerman
Fri Jun 08, 2007 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing in Retirement Worthless?
Replies: 12
Views: 3857

Poor portfolio choice

The stocks in this analysis were represented by the S&P 500, and the bonds by long term Treasuries. This is not, in my opinion, a portfolio most of us would choose in retirement (on in the accumulation phase either for that matter). I'm not sure it would change the outcome, but I would like to see t...
by plannerman
Sat May 05, 2007 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Another annuity story
Replies: 53
Views: 25926

Another annuity story

A friend of mine has a deferred fixed annuity with a fairly well known company. It's a typical fixed annuity story-- they suckered him in with an attractive initial teaser rate, quickly shifted to paying below market rates but had him locked him in with high surrender charges. His surrender charges ...
by plannerman
Wed Apr 04, 2007 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Change on Retiring...
Replies: 9
Views: 4435

My experience

My wife and I retired a little over 7 years ago. We were both 55.. I was concerned at the time that after working 60-70 hour work weeks that I wouldn't be able to keep busy in retirement. So prior to retirement, I started back to school, taking the CFP curriculum at a local university, with the plan...