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I know we've all seen structured products before but this is the first I've seen with 100% downside protection and a reasonable fee (69 bps). So from what I gather, the most you can lose is .69% and the most you can make is 8.50% based on the first offering (CPSM). Any thoughts on this? I'm...

I'll be 52 and calling it quits on 12/31/24 (right after I get my Holiday bonus check...lol) after 35 years in the financial services industry . While I know this will probably be the longest year of my life, I'm already less stressed than I've ever been. Just seeing the light at the end of the...

I called the New york 529 plan folks who told me that it is the brokerage firm that holds the Roth IRA that must send them a transfer request with a letter of acceptance. There is no way to do this on their website. Just curious what others are hearing. Thanks!

Uh yeah. It does.

Haha...I spent the best 11 years of my career as a Financial Consultant at a Schwab branch....:)

You will have zero issues when she passes. You will be immediately removed from her accounts and when you obtain the proper documents, you will have authority again. Its a very efficient process and a Schwab Estate specialist will walk you through it.

You should never expect to be able to transact in a deceased person's account. A POA ceases upon death of the account holder. Period. You no longer have authority. In order to regain authority, show up with the Letters of Testamentary, Get a tax ID # for the Estate and open an estate account...

Thanks for all the responses. My quandary is a little more complicated. At retirement we will still have pension income of $60K and $35K of dividend income from the taxable account. So yes our income will be less but not $0. Another complicating factor is where my fixed income holdings are...

Thanks for the ideas all. Never thought of re-allocating. I guess hoping for lower performance is kind of counter intuitive. But from an allocation standpoint it makes sense.

Hi All, Just looking for some opinions on what you would do if you were me in order to minimize the tax impact if inherited IRA withdrawals. I have about $300K in an inherited IRA that I have to take RMDs from and fully withdraw by the end of 2033. The allocation currently is about 80%...

I went to Urgent Care first. After I met with an attorney they referred me to an Orthopedist. The Orthopedist then in turn referred me to Physical Therapy.

I don't know and don't want to know. I never had symptoms but I guess I may have been asymptomatic. If a doctor ever tests me for antibodies I would make sure they do not tell me the results. I do not want to start imagining symptoms that aren't really there.

If you don't want to get chosen, don't shave, don't comb your hair and wear the clothes that you wear while painting the house. I swear I always do this and have NEVER been chosen.

You may have injuries that will show up in the coming weeks. This happened to me 6 months ago. I am in constant pain. My advice: Go to the Doctor, Hire a personal injury attorney ASAP (it wont cost you anything), Delete this post and don't talk to anyone about it. Good Luck.

UPRO is not meant to be a long term holding. Don't think that if the S&P averages 8% annually over the next 10 years that you're going to average 24. It doesn't work that way.

1. IMHO Fidelity's Retirement Income Planner is way better than any planning tool Schwab offers. 2. SIPC does NOT cover you in the event of brokerage firm insolvency. It is the required segregation of assets (firm/customer) that does.

I worked for Schwab for 11 years and my substantial knowledge of their policies and procedures is specifically why I am comfortable having 100% of my assets there.

I wonder if those Primerica people are still around

This comparison is flawed. Schwab's figure includes it's institutional business (custody for RIAs) while Fidelity's figure excludes it. If you include Fidelity's institutional business it would be much larger than all.

Perhaps $50K of the IRA money in JEPI?

Get me 7% on a 10 year CD and I'll start selling....:)

Thanks for all the responses. Some real good advice here. I think the best thing to do is not rent it out and maintain NY residency even if we spend most of our time in Florida. I may be paying state income tax on some pension and investment income but that is minor compared to the capital gains...

Appreciate the thorough response...thanks!

It would not be easily replaceable if we decide FL isn't for us. It's a young house in a high demand, densely populated area, I'm thinking that future appreciation could be more than whatever portfolio I invest the proceeds in.

Hi All, After I FIRE late next year, I and DW want to spend most of the time in Florida and would like to rent out our primary home in NY. However we have a large unrealized gain on the primary home and obviously we don't want to lose the $500K (Section 121) capital gain exemption. So Every...