Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: My first meeting with a Certified Financial Planner
Old 05-13-2006, 11:15 AM   #21
Recycles dryer sheets
 
Join Date: May 2006
Posts: 52
Re: My first meeting with a Certified Financial Planner

Quote:
Originally Posted by Maximillion
I told him, I.M.O, he should be at least 70 % Bonds, laddered, to take advantage of higher rates, and the rest should be in Dividend paying Stocks, preferably an ETF.

I am of the belief that you do not necesarily have to own stocks, if a Bond will give you your income, then stay with the least risk.

One daughter, I pointed out there is no guarantee she will survive them,give her $150,000, 0% interest, ripped up at their death, she can buy her first condo(she is married).
I believe long term bonds will go down in value because the trade deficit and national debt will continue to grow, thereby spooking the bond markets and causing long term rates to go up.* Plus the dollar is going down the toilet -- the lowest level since 1997 and decreasing.** http://news.yahoo.com/s/ft/20060512/...20061929327968

Bonds still have inflation, interest rate, currency devaluation, and default risk. I agree that since short term rates are looking attractive (and likely to go up) it might make sense to add more weight to that end of the scale.* *No magic answer on the portfolio allocation, but he could live to be in his 90s, so it's not exactly short term.*

The legal limit for gifts without any gift tax consequences is $12K per year per person.* Have your brother and his wife each give the daughter 12K +12K in 2006 and 12K+12K in 2007.* She's married, so give her husband 12K +12K in 2006 and 12K+12K in 2007.* That gives them $96K to work with.* Have her buy the house with a regular loan, but then have him pay down the principal in the same way in subsequent years.* Or have him buy half the house with his own money, she buys her half with her money, and then he can give her rights of survivorship.*
__________________

__________________
doushioukanaa is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: My first meeting with a Certified Financial Planner
Old 05-14-2006, 11:13 PM   #22
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: My first meeting with a Certified Financial Planner

Quote:
Originally Posted by MasterBlaster
As I recall Vanguard charges $1000 if you aren't a "flagship" client.
Do you feel like you received $1000 worth of value from your financial planner ?
I would have felt ripped off if I had to pay $1000 for this very limited boiler plate advice.
__________________

__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: My first meeting with a Certified Financial Planner
Old 05-15-2006, 10:29 AM   #23
Recycles dryer sheets
 
Join Date: May 2006
Posts: 52
Re: My first meeting with a Certified Financial Planner

There was a WSJ article about the offering today comparing it to Fidelity's.* It looks like more of a retention device for the investors who already invest quite a bit and don't have to pay.* *It's not something they market it a great deal as an unbundled product.* I agree you could probably get more value for your $1,000 elsewhere, but it is a savvy move by Vanguard.* I am now less likely to go outside Vanguard for a financial plan or at least delay such a decision, but if I had done so, I might have been persuaded to yank my funds from Vanguard.
__________________

__________________
doushioukanaa is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Positive Financial Planner stories Empty Pockets FIRE and Money 30 01-12-2007 12:57 PM
Financial Planner: thoughts? stories? FIREAway FIRE and Money 11 11-16-2006 09:47 AM
Need to fire financial planner Jeff55 FIRE and Money 16 09-15-2005 04:50 PM
Value of a financial planner Lance Covington FIRE and Money 19 01-14-2005 04:27 PM
Survey of Financial Planner Strategy WilliamG FIRE and Money 1 03-02-2004 09:20 PM

 

 
All times are GMT -6. The time now is 10:07 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.