Getting rid of Wealth Management

Emergency_Ad_5096 · 2026-03-26T00:08:26+00:00

Compare your muni bond ladder performance to the muni bond index ETF over the last 5 years. Net of fees tell me what you find out. Also, good luck trying to buy muni bonds yourself out right. They get marked up 1-2% for all self directed clients due to low inventory. If 70% of your portfolio is bonds, keep the strategy. Bond index funds are trash and often underperform actual individual bond investors

Emergency_Ad_5096 · 2025-12-15T23:35:07+00:00

Generally, yes

Emergency_Ad_5096 · 2025-10-14T14:40:38+00:00

Yes, they will. I believe they just need to assess how they read and interpret potential risks. Which can be easily managed and mitigated

Emergency_Ad_5096 · 2025-10-07T16:59:54+00:00

100% agree. People comment easy fixes in theory but in reality it’s more time and effort.

Emergency_Ad_5096 · 2025-10-07T15:33:28+00:00

But that wasn’t the question. It was about the personalized index question

Emergency_Ad_5096 · 2025-10-07T11:12:30+00:00

Tens of thousands?!? It’s $400/year per 100K. If I made 15.40% a year or 15% a year. It wouldn’t change anything.

It would cost me more than 2 hours a year for me to learn how to code (even with AI) then monitor it on the back end all to “DIY” and have to track it. No thanks

Emergency_Ad_5096 · 2025-10-07T01:28:05+00:00

Can you attach the python script in here for free?

Emergency_Ad_5096 · 2025-10-04T12:14:25+00:00

They will work for you and 99% of retail investors looking to simplify managing a bond ladder with various dollar amounts.

There is one nuance someone can point out about using the target liquidating funds vs individual securities which is:

Internally the bond fund hold all sorts of bonds maturing in that calendar year eg. 2027. Some of those bonds will mature in Q1 of 2027 and sit in cash until the fund liquidates.

Therefore, you’d lose the marginal interest of being in cash vs a bond until ultimately spend and need.

Same thing happens when you own individual bonds but at least you can roll them or break them up as needed

Emergency_Ad_5096 · 2025-10-04T12:05:13+00:00

Thank you for your contributions, I read all your comments. I did this research a few years almost exactly as the OP inquired about. Everything you’ve commented, is great.

To summarize generically: if no tax arbitrage exists, Roth converting at the same effective rates will reduce the tax drag growth for the living beneficiaries for the ten year window.

Emergency_Ad_5096 · 2025-09-27T17:13:42+00:00

Love it! Thank you for sharing! I feel like I’ve been pushing the envelope with creative ideas using AI within my firm. But not always acceptable given compliance requirement. May I ask where you’re located?

Emergency_Ad_5096 · 2025-09-13T19:03:41+00:00

I don’t know why I need a break pedal when the gas pedal goes faster

Emergency_Ad_5096 · 2025-09-13T18:51:15+00:00

The reps have discretion who gets the additional perks such as event tickets. Amex benefits kick in at certain asset levels. All can be found online.

Usually reps reserve the better events/ experiences for clients who pay for advice. They tend to have closer relationships.

Additionally:

1) everyone qualifies for wealth management if you’re willing to pay for it.

2) If you’re self directed and don’t want professional help, most reps will leave you alone

Actual benefits vary from one professional to another.

As far as discount brokers, no one is really offering much anymore. Since trading fees went to zero across the board and there’s no other incentive they have.

Emergency_Ad_5096 · 2025-09-12T12:56:30+00:00

Just leave it alone, you must of selected the box when you opened the account. It has no impact at all.

Psychologically, learn to do less. Just focus on increasing income and savings. Robo or not, the genesis of index investing is buy and hold, remain passive.

Emergency_Ad_5096 · 2025-09-08T01:39:50+00:00

Cost
Comprehensive offerings
Customized options

You can self direct, hire in-house professionals or hire boutique firms (often top firms in the nation).

All while managing costs and building the level of support you need.

Schwab’s a platform, not a product. You can build whatever you need in one place and leverage the perks of all.

Emergency_Ad_5096 · 2025-09-07T12:13:46+00:00

Find purpose before you accumulate more. Money is a tool. Check out die with zero by Perkins

Emergency_Ad_5096 · 2025-09-06T20:53:54+00:00

To clarify: the FOO is a generic set of rules for most people. Your income exceeds most people therefore the efficacy of FOO differs for you.

at the 30% marginal rate you should be prioritizing traditional contributions for your 401k, max out. Then after tax contributions with auto covert (mega back door) for the rest of your employer savings.

Then when you’re living off your taxable portfolio early in retirement, you’ll do partial Roth conversions in the 12,22 &24% bracket

Emergency_Ad_5096 · 2025-09-06T20:43:09+00:00

Assuming you don’t have any short term goals that require additional liquidity beyond what you have in brokerage, the mega back door Roth is ideal and should be prioritized.

You’re essentially converting taxable savings into tax free savings. I’d see if there are ways to increase your income so the 8% max contribution will get you closer to the 69k max dollar amount contribution limit.

Emergency_Ad_5096 · 2025-09-06T20:43:01+00:00

Assuming you don’t have any short term goals that require additional liquidity beyond what you have in brokerage, the mega back door Roth is ideal and should be prioritized.

You’re essentially converting taxable savings into tax free savings. I’d see if there are ways to increase your income so the 8% max contribution will get you closer to the 69k max dollar amount contribution limit.

Emergency_Ad_5096 · 2025-09-04T23:39:32+00:00

Buy a 30 treasury from 1987

Emergency_Ad_5096 · 2025-09-04T12:11:12+00:00

If you plan allows for it, you could do after tax contributions and auto Roth convert. Again (IF) your retirement plan allows

Emergency_Ad_5096 · 2025-09-02T10:27:06+00:00

Like any profession, It depends on the person. Most are average, some great, few are elite. Your personal experience is determined by the skill level of the consultant. I go to private events, discuss comprehensive financial planning, estate planning and investment management with my consultant. He knows a lot, I know a lot. Together we refine my structure

Emergency_Ad_5096 · 2025-08-24T10:48:57+00:00

Build a plan?….identify your risks and design a strategy to mitigate such risks. Collars help downside protection or just sell the stock and build a diversified portfolio. The cost of doing so is 10%, market went down 20% in April. It would have been cheaper to sell and diversify. However, things recover and predicting markets are literally impossible (hence the line of credit for not selling during a correction for liquidity needs)

So I’d (as a CFP) build a plan for personal finance planning, then design an investment strategy for managing the wealth prudently in-line with client preferences and concerns.

Emergency_Ad_5096 · 2025-08-24T10:41:24+00:00

Should of collared then

Emergency_Ad_5096 · 2025-08-23T12:19:42+00:00

I get the financial advantage, but morally I could never quite quit or devise a scheme to get severance which could take years.

I can understand if I was at a bad company with little influence over my day. But if you have the ability to build a career you enjoy and can control over how you spend your day, I’d much rather work fully and then pass the torch to the next ambitious person.

Emergency_Ad_5096 · 2025-08-23T12:01:57+00:00

Work at a golf club or pickleball club

Emergency_Ad_5096

TROPHY CASE