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what would you put your hypothetical mother's retirement portfolio in? im thinking moving all her assets into a vanguard account and putting together a few index funds or maybe mutual funds with very low costs and good history and proper allocation. selling them to meet her cash needs to make sure she pays no more than the long term capital gains rate. i still need to get more detail on the annuities. maybe if i have her call the companies to get all the details for me to look at.
Last edited by CaptainNJ; 04-04-2015 at 08:35 AM..
i would put them in the same thing my 80 year old aunts use . they use the same fidelity insight newsletter i do . they use the conservative income model.
once a week they take 30 seconds to read a weekly update and see if there are any fund swaps.
thats as simple as it gets and still have active management on the portfolio so it molds better to the big picture as it changes.
ill check that. it appears to be within one of her UBS accounts. im not thinking the investor is terrible, i dont think that. im just determining whether or not he is adding enough value to justify his cut.
While it's on her UBS statement the annuity and assets aren't at UBS, it's actually at the annuity company. Brokerage firms still post it to the account because it's really the client's expectation but it's a memo position.
Math does the newsletter offer a trial period? Id be interested in using it but their funds would have to have no load option within our managed account platform for it to make sense for me
While it's on her UBS statement the annuity and assets aren't at UBS, it's actually at the annuity company. Brokerage firms still post it to the account because it's really the client's expectation but it's a memo position.
I notice a little statement in italics indicating what you just said. so you guys are right. she also believes he isn't charging his fee on the cash portion (about 16.5% of the portfolio).
she tells me that there is a guaranteed 6% or something return on the annuitie(s) and that she gets no matter what the value shows at any given time. I guess I need to have her contact a representative at the insurance companies. I don't have any understanding of annuities and I see a bunch of numbers on the policy details but don't really know how things are supposed to work. anyone know of a good place online that will give a good simplified breakdown of this stuff?
There is a catch.It usually is a 5 or 6% growth rate while waiting to annuitize on your balance but it is not a cash value you can access.
So while every year you delay annuitizing you grow 6% the draw rate when you annuitize only grows by about 1/10% per year. In reality you can't tap the 6% growth rate by more than 1/10% a year when you annuitize.
I can post an excell sheet that shows what i mean from another annuity analyzed
It is like if you have 100 bucks and for every year you delay taking money i increase your balance by 5%.
So if you take a payment after year one i give you a 2% draw rate on 105.00.
If you wait until the following year i give you 5% more so you have around 111 dollars and now i give you 2.10%.
See how you never really harness that money ?. Ten years later your draw rate only increases by another 1% withdrawal rate even though your balance is up more than 50%.
Last edited by mathjak107; 04-05-2015 at 05:12 PM..
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