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From this attached article:
Two routes to USAA
You can take part in USAA products even if you don’t qualify for membership. You can still use the investment services that USAA offers, you can purchase life insurance from USAA, and you’re eligible t…
I hold SFGIX at a brokerage (USAA NTF) and this is the case. I have all gains settle as cash within this brokerage account (in a MMF) and when I need the cash I move it ACH to my non-brokerage account (checking account at a different institution).
…
If SFGIX were held at a brokerage and the dividends/ST/LT gains (taken in cash) settled intp a cash account within that brokerage account you could then easily ACH'd these proceeds to your bank account of choice. Yes?
@Crash, deep breathe big fella.
Congrats on your decision to find warmer climes. People in New England and other Northern locations begin to experience Cabin Fever this time of year.
I did this about five years ago (from CT to FL). Aside from you…
I did a quick (maybe not so quick) screen of M*'s target date funds on my brokerage platform (run by Fidelity).
Unfiltered:
-945 Retirement Date Funds appeared in the first unfiltered screen. Most fund descriptors include a specific year in time (2…
Further thoughts on growth and income (to supplement retirement income):
When I chart a cash choice (Ultrashort bond fund) like TSYYX (TSDOX) (which has a 24 year history) with a favorite growth fund (you pick yours)...I charted TSYYX with PRMTX...…
@hank, Cash gets a bad rap.
As you stated, if you need cash for income you are not forced to sell when your investments are under performing.
Also, some investors consider credit cards or even HELOC (on their homes) as a source of cash which ofte…
I believe this reduction may have been impacted by the new method of how the government will now calculate inflation using "Chained CPI" as part of the new tax laws.. This will provide a cost savings to the government for any inflation adjusted bene…
Thanks for the article @Mark. Wade Pfau, mentioned in your linked article, also recommends the use of a reverse mortgage (not mentioned in your article) as an alternative strategy to access income during retirement especially when sequence of return…
I find the Blog (The Financial Buff) by Harry Sit a worth while weekly read. Here are two recent articles on Estate Planning that many of us neglect or forget to get around to doing. Also I often get as much out of reading the comment section of the…
as SFGIX and PONAX. Thats as far as I got. Morningstar is terrible lately. I'm still waiting for BCSIX to update.
My bad...fake news...corrections:
SFGIX - down 0.74%
PONAX - down 0.08%
The rest seem correct:
PTIAX - up 0.04%
MINDX - down 0.…
A few funds I own that held there own today:
SFGIX - down 0.74% (corrected)
PONAX - down 0.08% (corrected)
PTIAX - up 0.04%
MINDX - down 0.12%
Others I follow:
USAGX - up 0.88%
PRPFX - down 0.22%
Also @Sven, if and when you separate service from your employer(s) you can roll over your 403(b) to a traditional IRA. I did this midway through my career because I change school systems. I also did this when I retired. Both qualified as separation …
I may need to go on a fund diet, but here is a snapshot of my funds and how they collectively "added to" or "subtracted from" the portfolio for the quarter on a percentage basis.
@bee, what if you has no option in your pension plan other than an annuity? Taking a lump sum is often calculated a reduced value. I still has 10-15 years to go.
If you are participating in a 403(b) plan, ask your plan sponsor if there are 403(b)…
Sounds like insurers are pushing their agenda in Washington as they attempt to buy votes for this bill's passage.
I never understood why 403(b) plans were offered to non-profits when 401(k) plans were the preferred offering in the private sector. …
Getting back to @Crash and his original post...obviously utilities have "sucked' lately, but PRWCX is "positive on Utes over the next decade"...@Ted long standing call for "QQQ" (which exists) may be replaced with "UUU" (which doesn't exist).
If yo…
Move to Credit Unions for local banking
Move to your favorite internet bank...mine is USAA.
Need Loans? Try PenFed or Navy Federal or your local CU.
"Too Big To Fail Banks" do not need your support, nor your patience.
How to Extract Income from a Retirement Portfolio
news.morningstar.com/articlenet/article.aspx?id=855700
You Are Not a Monte-Carlo Simulation
https://blog.thinknewfound.com/2018/03/you-are-not-a-monte-carlo-simulation/
@Mark, from your article I quoted this:
Roth IRA conversion amounts may not be recharacterized back to a Traditional IRA after December 31 of the conversion year, beginning with conversions made in 2018.
The quote above makes it sound like a Roth co…
Thanks @Ted,
Is there a link to the LifePath Spending Tool?
The tool is initially being shared with retirement plan sponsors, but over time will be made available to the general public via BlackRock’s website.
...OK
@msf,
As a matter of instruction to beneficiaries of an inherited Roth IRA, and so long as the beneficiaries have earned income in the year of RMDs... could you imagine (Jay-dreaming here) a strategy where the Inherited Roth IRA withdrawal is used t…
@MikeM, That's interesting.
I have a 65 year old friend working and participating in a "mandatory 401K plan" through his employer.
Related IRS Reg change:
corporate.findlaw.com/corporate-governance/irs-approves-mandatory-401-k-contributions-if-ap…
I will add this... for those invested in TDF and within 15 years of retirement:
Do some homework. Figure out your retirement income sources and your likely retirement budget.
Any shortfall will need to be made up by withdrawing from other investme…
Keep in mind that next to our kids (then wife...then dog)...our cell phone and autonomous car come in a close 4th or 5th.
All of the Tech that will be necessary to get the autonomous car as ubiquitous as the cell phone needs to be evaluated for th…
@JohnN what is your "buying strategy"?
Are you a DCA investor?
What are you presently invested in?
What are your allocations?
What are your goals for these investments?
Where are you, age-wise, in your investment horizon...30,40,50,60,70,etc.
…
Thanks @Old_Skeet for the suggestion. Franklin is also well known for its Income Fund FKINX (FRIAX...low ER, High minimum option). M* star is quoting performance YTD for FISCX closer to 5% (4.93%).
A no load version of FISCX is FCSZX. ER of .59, th…
@JohnN, From your linked article was this quote:
Ron Surz, president of Target Date Solutions, a company that designs "smart" TDFs, has been sharply critical of conventional TDFs for years. “These funds with high concentrations in stocks are a time …
I'm gonna disagree...mostly.
Problem 1- Roth IRAs have income limits: If your income is too high to contribute to a Roth IRA (a good problem) you have the financial ability to contribute to a taxable retirement account and then orchestrate a "back …
Here one a way of looking at Valuation Globally.
https://starcapital.de/en/research/stock-market-valuation/
Once on the site, scroll to this interactive chart ( I captured an image of it below) which does a nice job of uncovering undervalued area i…
Interesting Articles on Safe Withdrawal Rates in retirement.
CAPE and Safe Withdrawal Rates
link to article:
https://finpage.blog/2018/02/28/cape-and-safe-withdrawal-rates/
Kitces 2008 Paper:Resolving the Paradox – Is the Safe Withdrawal Rate
S…
In other news:
United States hits Canadian forestry industry with more duties
The United States Department of Commerce said in a statement that a preliminary investigation found Canadian exporters underpriced uncoated groundwood paper by between 0 a…
On the contribution side of things.
Employees are required to contribute to their pension. In 13 states these pension plans replace SS as a retirement benefit (Windfall Elimination Provision).
Employers (often state politicians) commonly under-f…
