Recent content by johnbb

I am in the process of rolling over my 401K ($265K) to Fidelity. I'll be taking a distribution from my Retirement fund in Jan. I plan on selling my home in four years ($400K equity to date). I owe 30K on my equity line of credit. $10K at 8.35% and $20K at 7.5% interest. Does it make sense to...

Thanks for all the advice and insight. I've decided to not go with the managed fund, but am not sure what to invest in. I'm spending this week-end doing research. There was a suggestion that I use a newsletter to guide me. Which of the following would you recommend? Fidelity Monitor Jim...

I've had two meetings with Fidelity. I'm in the process of rolling over my 260K 401K to them (waiting for the check). The first meeting they recommended the Fidelity Asset Manager 20% fund. Prior to my second meeting I received their managed fund proposal: Domestic Large Growth Stock Funds: 11%...

I'm new at this, and I often come across terms I don't know on the discussion boards. Is there a place where there is a glossary of terms that are commonly used here? For example: TIPS ETF FIRE SWR ROR Duh

I haven't done much in the way of managing my finances, other than tracking my spending online through my bank site (checks, credit card). Now that I'm 62, signing up for SS, and rolling over my 401K, I want to start tracking my expenses using a financial program. I've managed my budget in the...

$275/month for 2200 square foot townhouse (3 story, 3 bedroom, with a large loft which works as a 4th bedroom) in SF Bay Area (market price approx 650k). Includes garbage, landscaping, maintenance of exterior building.

Sorry for lack of info, I'm new at this. As of now I need 3400/mo. My SS leaves me about 2K short. I have no choice but to use my 260K 401K to make up the difference. I will be seeking part-time work, but I can't count on it. I am estimating I will have 400K from the house when I sell in four...

My situation is SS at 62 = $1468/mo., $260K in 401K, and $400K equity in home, which I can't (won't) sell now because of being caretaker for a family member. I plan on selling in four years. My retirement assets are small because I didn't start saving until I was in my 40s.

I am in the process of rolling over my 401K ($260K) to Fidelity. I am 62 and will be taking SS ($1468/mo). They recommended the Fidelity Asset Manager 20% fund, but I have a meeting next week to discuss having them manage my retirement fund. They will make a proposal next week for that. Don't...

I just turned 62 and need to decide. One huge factor for me is that I didn't start saving until my mid 40s, so my preference is to go back to work, even part-time and build my retirement account. If I don't find enough work, I'll need to decide whether to live on my $255 401K and take SS later...

When my kids became teenagers, I exchanged my 20s for 1s. My son started sounding like he was homeless, "Dad, you got a dollar?" I learned quickly that if I gave him a 10 or 20, I would never see the change back.

I've said it before, but I'll say it again: You guys are great. Not only am I getting excellent advice, I feel like you have genuine concern for my situation. I especially appreciate the sentiments from crazy connie and jazz4cash. Here's where I am at... I am NOT going to do the annuity. I...

I've decided to roll over my 401K. Any advice on Vanguard, TRowePrice or Fidelity? I have no experience with these firms, and could use some advice from those that have used them. Which do you recommend, and which fund for retirement. I am recently retired and am 62. I am rolling over $255K.

You guys are great. I really appreciate your advice. What I would like to know is what you recommend for my 401K roll-over to an IRA. Is Vanguard a good place to start researching? Do you have any advice on how to allocated the $255K? I don't have much in savings, but I do have enough to get me...

Without beating a dead house, can you give me a simple list of why the annuity is such a bad idea in my circumstance.