Join Early Retirement Today
Showing results 1 to 25 of 3318
Search took 0.16 seconds.
Search: Posts Made By: nun
Forum: FIRE and Money Yesterday, 09:29 PM
Replies: 77
Views: 2,231
Posted By nun
But how much insurance do you need? I suppose...

But how much insurance do you need? I suppose that depends on your income and toleration for risk. Is SS enough of a COLAed annuity for you? If you ER maybe a 5, 10 or 15 year SPIA is a good play to...
Forum: FIRE and Money Yesterday, 04:33 PM
Replies: 77
Views: 2,231
Posted By nun
I can certainly appreciate your opinion, the last...

I can certainly appreciate your opinion, the last 30 years of DC retirement savings and efficient market investing dogma have made the idea of the annuity rather passe. It's interesting, then, to see...
Forum: FIRE and Money Yesterday, 04:04 PM
Replies: 77
Views: 2,231
Posted By nun
Not even if you got one with a 7% interest rate...

Not even if you got one with a 7% interest rate for an actuarial mortality and used it in place of other fixed income in your portfolio, al a Wade Pfau?
Forum: FIRE and Money Yesterday, 02:41 PM
Replies: 77
Views: 2,231
Posted By nun
If anyone is getting a lump sum offer in place of...

If anyone is getting a lump sum offer in place of a pension, here are the interest rates used to calculate the amount.

Minimum Present Value Segment Rates...
Forum: FIRE and Money 11-25-2014, 11:32 PM
Replies: 77
Views: 2,231
Posted By nun
So this pension blog post shows why my employer...

So this pension blog post shows why my employer would offer me a lump sum from my pension in 2014, looks like the IRS rates for 2014 make it affordable for the plan

Preview of 2014 Lump Sum...
Forum: FIRE and Money 11-25-2014, 10:56 PM
Replies: 77
Views: 2,231
Posted By nun
Looks like 29 year payouts from state lotteries...

Looks like 29 year payouts from state lotteries are even worse than the deal you get on current annuities....it would be a nice problem to have though.

So have the recent studies on the use of...
Forum: FIRE and Money 11-25-2014, 08:20 AM
Replies: 77
Views: 2,231
Posted By nun
It's not quite that bad. I'm paying $263k at...

It's not quite that bad.

I'm paying $263k at age 53.5 and the pension won't start until I'm 55. So my $263 can compound a bit. Putting age 53 and $263k into Immediate Annuities site, but waiting...
Forum: FIRE and Money 11-25-2014, 07:54 AM
Replies: 23
Views: 339
Posted By nun
Unfortunately we can't see the expenses of the...

Unfortunately we can't see the expenses of the non-TIAA-CREF funds available.

Yeah avoid the "lifecycle" funds they are expensive.

I'd probably use TIAA-CREF S&P500 Index as a core fund.

For...
Forum: FIRE and Money 11-25-2014, 07:32 AM
Replies: 23
Views: 339
Posted By nun
Concentrate on funds that are broad...

Concentrate on funds that are broad indexes....they usually have "index" in the name. Don't get bogged down in too much research and reading very quickly you won't "see the wood for the trees"....
Forum: FIRE and Money 11-25-2014, 07:28 AM
Replies: 23
Views: 339
Posted By nun
These schools/teacher/university/state plans...

These schools/teacher/university/state plans usually have an administrative fee around 0.25% on top of any fund expenses. TIAA-CREF retirement index fund fees tend to be from 0.3% to 0.5%.
Forum: FIRE and Money 11-25-2014, 07:23 AM
Replies: 23
Views: 339
Posted By nun
As far as the 457b goes, I worked for a state run...

As far as the 457b goes, I worked for a state run university system and at termination got immediate penalty free access to all my 457b money.....I obviously have to pay tax on any withdrawals. Ask...
Forum: FIRE and Money 11-24-2014, 11:07 PM
Replies: 23
Views: 339
Posted By nun
Yes , that's a similar set up that I had. You...

Yes , that's a similar set up that I had. You have an amazing opportunity to reduce your taxable income and save for retirement. I imagine the TRS is mandatory and then you can save more in the 457b...
Forum: FIRE and Money 11-24-2014, 10:45 PM
Replies: 77
Views: 2,231
Posted By nun
Yes they are...which is why I'm amazed that I get...

Yes they are...which is why I'm amazed that I get the chance to use $263k of my state retirement DC money to buy back into my state's DB pension and get $19.6k/year (70% of which gets a COLA)...
Forum: FIRE and Money 11-24-2014, 10:17 PM
Replies: 23
Views: 339
Posted By nun
What are your provider options? I've been...

What are your provider options?

I've been with TIAA-CREF for a while and they have good offerings with reasonable expenses. They are not as cheap as Vanguard because the retirement funds are...
Forum: FIRE and Money 11-24-2014, 06:16 PM
Replies: 77
Views: 2,231
Posted By nun
Yes, since 2010 life expectancy has improved. The...

Yes, since 2010 life expectancy has improved. The SSA has a calculator

Retirement & Survivors Benefits: Life Expectancy Calculator (http://www.socialsecurity.gov/oact/population/longevity.html)
Forum: FIRE and Money 11-24-2014, 05:28 PM
Replies: 77
Views: 2,231
Posted By nun
You should look at the latest life expectancy...

You should look at the latest life expectancy tables.....you have at least 3 years longer to live.:dance:
Forum: FIRE and Money 11-24-2014, 05:25 PM
Replies: 77
Views: 2,231
Posted By nun
I can only use my employer's DC plan to buy in...

I can only use my employer's DC plan to buy in and that's about 20% of my portfolio. The pension, along with rental income, will cover my annual expenses.
Forum: FIRE and Money 11-24-2014, 04:57 PM
Replies: 77
Views: 2,231
Posted By nun
Exactly. Even with a COLA the underlying interest...

Exactly. Even with a COLA the underlying interest rate to support the annual inflation adjustment can be calculated, it's just an increasing annuity. So as my employer's pension has a COLA it bumps...
Forum: FIRE and Money 11-24-2014, 03:10 PM
Replies: 77
Views: 2,231
Posted By nun
Yes. If you get a quote for a single life annuity...

Yes. If you get a quote for a single life annuity without COLA for a 55 year old male you'll get maybe a 5.5% payout and a 3% (or less) interest rate today. That sucks.......I certainly wouldn't buy...
Forum: FIRE and Money 11-24-2014, 01:38 PM
Replies: 77
Views: 2,231
Posted By nun
Yes, I agree, you make a good point. The big...

Yes, I agree, you make a good point. The big difficulty with a fixed annuity of substantial duration (whatever that is) is inflation....of course that's where the sales people jump in and start...
Forum: FIRE and Money 11-24-2014, 12:50 PM
Replies: 77
Views: 2,231
Posted By nun
OP here. I didn't get into single vs joint vs 15...

OP here. I didn't get into single vs joint vs 15 year etc because it got too complicated. I thought it best to let those vital distinctions come out in discussion...... and, look, they have. The...
Forum: FIRE and Money 11-24-2014, 11:57 AM
Replies: 77
Views: 2,231
Posted By nun
Maybe I'm giving the ER community too much...

Maybe I'm giving the ER community too much credit, but I expect many people on here do understand the basics of annuities and present value. I didn't put interest rates below 4% because I wanted to...
Forum: FIRE and Money 11-24-2014, 07:52 AM
Replies: 77
Views: 2,231
Posted By nun
But that's true for any retirement planning...

But that's true for any retirement planning scenario. How long you live is a critical factor. If you are using age 95 to plan withdrawals from self invested funds why not also use it to assess an...
Forum: FIRE and Money 11-23-2014, 03:19 PM
Replies: 77
Views: 2,231
Posted By nun
If people are planning out to ages like 95 I'm...

If people are planning out to ages like 95 I'm amazed that 50% of the votes on the poll would only buy an annuity with an internal interest rate of over 8%. Is this just prejudice against annuities?...
Forum: Other topics 11-23-2014, 01:22 PM
Replies: 27
Views: 881
Posted By nun
I have a $2M umbrella policy and high deductible...

I have a $2M umbrella policy and high deductible auto insurance.
Showing results 1 to 25 of 3318

 
Forum Jump

 
All times are GMT -6. The time now is 02:05 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Early Retirement News right to your Email!

Stay up-to-date with all the latest news to your inbox!

unsusbcribe at anytime with one click

Close [X]