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Forum: FIRE and Money 03-26-2015, 11:29 AM
Replies: 17
Views: 632
Posted By nun
I'm 75% equities, 15% bonds (Wellesley), 6%...

I'm 75% equities, 15% bonds (Wellesley), 6% TIAA-Traditional and 4% cash. I've increased my effective equities allocation recently, not because of the markets or speculation of what the Fed will do,...
Forum: FIRE and Money 03-26-2015, 08:54 AM
Replies: 41
Views: 1,652
Posted By nun
It's a state pension.....so not really comparable...

It's a state pension.....so not really comparable with SPIAs available on the open market.
Forum: FIRE and Money 03-25-2015, 09:39 PM
Replies: 41
Views: 1,652
Posted By nun
I got a pretty good deal the other day; a 7%...

I got a pretty good deal the other day; a 7% payout rate with a COLA at age 55. If I live to be 76 the IRR is 6%....84 and the IRR is 8.3%. I'm using 20% of my retirement money to buy it and it will...
Forum: FIRE and Money 03-25-2015, 09:29 PM
Replies: 41
Views: 1,652
Posted By nun
Buying a fixed SPIA with a portion of your money...

Buying a fixed SPIA with a portion of your money has many advantages....not least being peace of mind. The bond market might get "interesting" in the next fe years so I see more people one again...
Forum: FIRE and Money 03-22-2015, 10:03 AM
Replies: 18
Views: 1,143
Posted By nun
You might want to consider some MM alternatives...

You might want to consider some MM alternatives like I-bonds, CDs etc for the extra 2 years of safe money.
Forum: FIRE and Money 03-21-2015, 02:44 PM
Replies: 34
Views: 2,934
Posted By nun
That's my approach too. I don't use any of my...

That's my approach too. I don't use any of my retirement savings for income, I just have them in an 75/25 AA of low cost index funds and let them accumulate. I get my income from rent, a pension and...
Forum: FIRE and Money 03-21-2015, 09:57 AM
Replies: 21
Views: 1,083
Posted By nun
Yes TIAA-Traditional new accounts are not nearly...

Yes TIAA-Traditional new accounts are not nearly as good as the old ones. If you have the 3% min guarantee it's a great substitute for CDs and bonds, but if you inherit TIAA balance I'd also roll...
Forum: FIRE and Money 03-20-2015, 08:43 PM
Replies: 21
Views: 1,083
Posted By nun
People are being unnecessarily negative about the...

People are being unnecessarily negative about the retirement side of TIAA-CREF. Their equity and bond offerings are ok. Not as inexpensive as Vanguard, buy cheaper than many. TIAA-Traditional and the...
Forum: Other topics 03-20-2015, 08:36 AM
Replies: 23
Views: 645
Posted By nun
You need to ask your questions to the Canadian...

You need to ask your questions to the Canadian immigration folks. They will tell you what you are supposed to do. You can visit as a tourist for 180 days, but watch out for your tax residency status....
Forum: FIRE and Money 03-20-2015, 08:24 AM
Replies: 3
Views: 859
Posted By nun
Surely this sort of thing isn't a surprise to ER...

Surely this sort of thing isn't a surprise to ER forum folks. I LBYM and expect my portfolio to grow in retirement. My goal is to live well and also leave money to some relatives, friends and a local...
Forum: FIRE and Money 03-19-2015, 08:36 AM
Replies: 21
Views: 1,083
Posted By nun
Yes it all stems from the original teachers...

Yes it all stems from the original teachers retirement side of the company being an insurance company. CREF produced the first variable annuities so that teachers could invest in the stock market and...
Forum: FIRE and Money 03-18-2015, 06:48 PM
Replies: 21
Views: 1,083
Posted By nun
TIAA-CREF is sort of what you make of it. They...

TIAA-CREF is sort of what you make of it. They have some middle of the pack mutual funds and if you get them through your retirement plan they will be structured as variable annuities probably with...
Forum: Life after FIRE 03-16-2015, 01:29 PM
Replies: 204
Views: 8,682
Posted By nun
Renouncing US citizenship is quite difficult....

Renouncing US citizenship is quite difficult. First you need to get another citizenship as the US won't let you go without it. Then you need to file the required expatriation forms with IRS and the...
Forum: FIRE and Money 03-16-2015, 01:11 PM
Replies: 9
Views: 728
Posted By nun
Double check your Medicare credits. Even if a...

Double check your Medicare credits. Even if a state or local government opts out of SS they usually pay the Medicare tax bit of FICA........in fact, I think that might be a mandate.
Forum: Life after FIRE 03-13-2015, 07:22 PM
Replies: 204
Views: 8,682
Posted By nun
He'll get the free healthcare by just moving to...

He'll get the free healthcare by just moving to the UK, but to qualify for a UK state pension he needs to have paid National Insurance contributions. Unfortunately people don't plan ahead. I'm a...
Forum: FIRE and Money 03-09-2015, 05:01 PM
Replies: 95
Views: 4,925
Posted By nun
The problem with these mathematical models is...

The problem with these mathematical models is they are constrained to use past market performance. We all know that "past performance does not.....etc etc" so many retirees will be conservative and...
Forum: FIRE and Money 03-09-2015, 10:10 AM
Replies: 95
Views: 4,925
Posted By nun
You could argue that once SS/pensions come on...

You could argue that once SS/pensions come on line you don't need to generate as much income from investments and so can reduce risk and move away from equites to more fixed income.
Forum: FIRE and Money 03-08-2015, 08:56 AM
Replies: 38
Views: 2,877
Posted By nun
I'm reading the forecasts for the next 10 years...

I'm reading the forecasts for the next 10 years of the bond market and it look rocky......what are these "more appropriate types of income funds" you mention?
Forum: FIRE and Money 03-07-2015, 09:19 PM
Replies: 36
Views: 2,325
Posted By nun
Average public pension amount in MA is $29k with...

Average public pension amount in MA is $29k with a 3% COLA on the first $13k. Public employees don't get SS which saves that state a lot of money in FICA contributions. Employees contribute 11% to...
Forum: FIRE and Money 03-07-2015, 07:49 PM
Replies: 95
Views: 4,925
Posted By nun
At Vanguard the conversion is as simple as...

At Vanguard the conversion is as simple as selling in the IRA and buying in the ROTH
Forum: FIRE and Money 03-07-2015, 04:50 PM
Replies: 95
Views: 4,925
Posted By nun
Ahh obviously, problem solved

Ahh obviously, problem solved
Forum: FIRE and Money 03-07-2015, 02:05 PM
Replies: 95
Views: 4,925
Posted By nun
My thought is whether 100% stocks is best in a...

My thought is whether 100% stocks is best in a long term bear market when you are forced to sell because of RMDs. Even if your need for income is small you are forced to sell more and maybe sequence...
Forum: FIRE and Money 03-07-2015, 11:03 AM
Replies: 58
Views: 2,243
Posted By nun
If I had put numbers in for a commercially...

If I had put numbers in for a commercially available SPIA I'm sure you would not have taken the option.....I definitely would not. But after some though the offer I was given seems like a slam dunk...
Forum: FIRE and Money 03-07-2015, 11:01 AM
Replies: 38
Views: 2,877
Posted By nun
I'm in the habit of keeping about between 6...

I'm in the habit of keeping about between 6 months and 1 year of spending in my bank account. Like you I will have my expenses covered by rent and pension income so the only reason to make...
Forum: FIRE and Money 03-07-2015, 09:21 AM
Replies: 17
Views: 748
Posted By nun
My pension buy is for diversity as well. I'll...

My pension buy is for diversity as well. I'll still be rebalancing my remaining 75/25 AA....and reinvesting dividends and capital gains.

The numbers on SPIAs for young people are not good right...
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