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12-14-2018, 04:27 PM
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#82
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Recycles dryer sheets
Join Date: Jun 2018
Posts: 276
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I am lovin it.
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12-14-2018, 04:58 PM
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#83
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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Cnbc is bs. 2001 was more so.
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12-14-2018, 05:06 PM
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#84
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Nothing in the article or video substantiates the headline.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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12-14-2018, 05:19 PM
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#85
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,840
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Quote:
Originally Posted by jazz4cash
Nothing in the article or video substantiates the headline.
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It states there is a record of 13 days of a 20 percent interday move in the VIX, which is the volatility measure
It is now the headline on the Drudge Report
https://www.drudgereport.com/
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12-18-2018, 05:20 PM
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#86
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,221
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Is it time to sell all our stock mutual funds? We are in our 60s and husband is 64 near retirement (which will be 66)- no pensions. I am 62 and just quit my job and not collecting SS either- FRA is 66 and 4 months. Will need health insurance when husband retires.
I am very nervous as we literally need to live off this money. Our plan was for husband to collect SS at 70 and me at 66 and live off savings as well.
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12-18-2018, 05:45 PM
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#87
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 998
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You can get 3.5% on a 5 yr CD right now. Maybe 4%+ in 2019. Average market return is 5-7% over that past dozen decades. Not worth it for me. Sleep much better being out of the market. Depends what kind of return you are after? I am good with 3-4%. Just my 2. Got cut in 1/2 twice over the past 35 yrs. Thats enough excitement for me, thank you.
P.S. Taking my SS in 5 yrs at 62. If I don't need it, I will bank it for down the road.
Just paid so much into it, would hate to kick the bucket and not see any of it.
Or have some type of Gov. alteration in the program........... Again, just my 2.
(Not many see things the way I do) lol lol
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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12-18-2018, 05:50 PM
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#88
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
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Quote:
Originally Posted by almost there
You can get 3.5% on a 5 yr CD right now. Maybe 4%+ in 2019. Average market return is 6-7% over that past dozen decades. Not worth it for me. Sleep much better being out of the market. Depends what kind of return you are after? I am good with 3-4%. Just my 2. Got cut in 1/2 twice over the past 35 yrs. Thats enough excitement for me, thank you.
P.S. Taking my SS in 5 yrs at 62. If I don't need it, I will bank it for down the road.
Just paid so much into it, would hate to kick the bucket and not see any of it.
Or have some type of Gov. alteration in the program........... Again, just my 2.
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3.5% before taxes could be cutting it close for some folks WR%, but I hear ya.
Hopefully rates don't sink back down again.
__________________
TGIM
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12-18-2018, 06:17 PM
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#89
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 998
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Am not saying it's for everyone. But I for one have no interest in another 2000-2013 lost decade. Stomach just can't handle it. lol lol
Better show this chart to CNBC...........
"According to CNBC today this market is now officially the most volatile market on record"
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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12-18-2018, 06:38 PM
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#90
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,373
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^ I hear you. I'm invested 75% equities so I'm going to have to ride it out. I hope it doesn't last for a decade. LOL
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12-18-2018, 06:42 PM
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#91
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,221
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Quote:
Originally Posted by almost there
You can get 3.5% on a 5 yr CD right now. Maybe 4%+ in 2019. Average market return is 5-7% over that past dozen decades. Not worth it for me. Sleep much better being out of the market. Depends what kind of return you are after? I am good with 3-4%. Just my 2. Got cut in 1/2 twice over the past 35 yrs. Thats enough excitement for me, thank you.
P.S. Taking my SS in 5 yrs at 62. If I don't need it, I will bank it for down the road.
Just paid so much into it, would hate to kick the bucket and not see any of it.
Or have some type of Gov. alteration in the program........... Again, just my 2.
(Not many see things the way I do) lol lol
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The only thing is it is a lot of IRA money we have with the mutual fund company and they do not have CD's. It would all have to go into a money market fund. I am talking like $700,000 between me and my husband.
Then there is our brokerage account (mostly bond ETFs and funds) and my Inherited IRA account. It is overwhelming to me.
Meanwhile, we are only getting an overall personal return rate of a little over 3% on these funds as a whole.
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12-18-2018, 06:45 PM
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#92
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,704
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I'm over-reacting by moving (slowly by end of year) to 28% fixed income / 72% SPY&SCHB in my IRA and legacy accounts.
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12-18-2018, 06:54 PM
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#93
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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Quote:
Originally Posted by meleana
The only thing is it is a lot of IRA money we have with the mutual fund company and they do not have CD's. It would all have to go into a money market fund. I am talking like $700,000 between me and my husband.
Then there is our brokerage account (mostly bond ETFs and funds) and my Inherited IRA account. It is overwhelming to me.
Meanwhile, we are only getting an overall personal return rate of a little over 3% on these funds as a whole.
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Consider moving the IRA money from the mutual fund company to the brokerage - there will be more options for your money to work for you.
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12-18-2018, 06:54 PM
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#94
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,221
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Quote:
Originally Posted by gayl
I'm over-reacting by moving (slowly by end of year) to 28% fixed income / 72% SPY&SCHB in my IRA and legacy accounts.
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What is a legacy account?
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12-18-2018, 06:58 PM
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#95
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,221
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Quote:
Originally Posted by njhowie
Consider moving the IRA money from the mutual fund company to the brokerage - there will be more options for your money to work for you.
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The brokerage is with the same Financial/Mutual Fund company. So is the Inherited IRA.
You mean set up a brokerage IRA with CD's and roll it all- or most of it -over into it?
I wonder what that will cost to do...hmm- less than losing our shirts...
Ugh... I hate this...
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12-18-2018, 06:59 PM
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#96
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,704
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Quote:
Originally Posted by meleana
What is a legacy account?
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I have money that I've set aside for my grandkids to inherit.
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12-18-2018, 07:02 PM
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#97
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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Quote:
Originally Posted by meleana
The brokerage is with the same Financial/Mutual Fund company. So is the Inherited IRA.
You mean set up a brokerage IRA with CD's and roll it all- or most of it -over into it?
I wonder what that will cost to do...hmm- less than losing our shirts...
Ugh... I hate this...
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Yes - if you're only getting 3% with the money in the mutual funds and are feeling a little uneasy, why take any risk - you can get 3%-4% with CDs having absolutely no risk.
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12-18-2018, 07:09 PM
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#98
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 998
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Quote:
Originally Posted by meleana
The brokerage is with the same Financial/Mutual Fund company. So is the Inherited IRA.
You mean set up a brokerage IRA with CD's and roll it all- or most of it -over into it?
I wonder what that will cost to do...hmm- less than losing our shirts...
Ugh... I hate this...
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I don't understand? It shouldn't cost anything to change to another institution?
Unless you're talking about what you would sell the mutual funds for now V.S. purchase price?
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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12-18-2018, 07:13 PM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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The market seemed to get well ahead of itself in 2017, so this just seems like serious give back.
__________________
Retired since summer 1999.
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12-18-2018, 07:48 PM
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#100
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Quote:
Originally Posted by meleana
The brokerage is with the same Financial/Mutual Fund company. So is the Inherited IRA.
You mean set up a brokerage IRA with CD's and roll it all- or most of it -over into it?
I wonder what that will cost to do...hmm- less than losing our shirts...
Ugh... I hate this...
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Your comment makes me think of DW. She makes a face anytime I even mention anything about our accounts. She even asked me the other day if we were going to be "OK".
We are going to be OK because we have a big chunk of CD's that will take care of our expenses for several years.
Not sure what your situation is, but I wonder if your AA is consistent with your level of risk tolerance.
It is very, very easy and no cost to buy CD's using an IRA rollover. Since you already have the mutual funds with a broker, it's just one phone call. The hard part will be deciding what to sell.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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