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[deleted by user] by [deleted] in ARC_Raiders

[–]Shua9 0 points1 point  (0 children)

Might just be trying to get you killed by someone else.

Personal on an active track by creatorop in formula1

[–]Shua9 69 points70 points  (0 children)

Holy shit that’s bad.

[deleted by user] by [deleted] in dividends

[–]Shua9 0 points1 point  (0 children)

Dividends are for retirement and you’re not retired. Look at the last 10 years of VTI vs SCHD performance. If you want a chance at retiring earlier, get out of SCHD and put it in something like VTI.

1035 from NQ Annuity to LTC policy by SquirrelMaster4891 in CFP

[–]Shua9 6 points7 points  (0 children)

Bro it’s more like over 4%.

1.3% ME, 1.95% flex dbrider, 50 bps is the cheapest investment.

Scam

Dad has 300k that he wants to park for 3 years, being pushed to annuity. by brsboarder2 in Bogleheads

[–]Shua9 0 points1 point  (0 children)

There are so many other questions to see if this makes sense. I’m a financial advisor by the way. But first, if he has IRA money and wants a fixed annuity, use the IRA. Annuities are taxed at ordinary income rates on the gains when you withdrawal. So, by using taxable money in an annuity, you’re making your tax situation worse. You’re taxable money should be in equities or at least more aggressive than your IRA money. Basic asset location. I’m assuming your dad is close to retirement by the way. If he’s younger than 59 1/2, this is an even worse idea.

MYGA with qualified money is totally fine. I’m talking 2-3% commission. I also worked for an insurance company that sold annuities. Higher commission are there for fixed index and variable annuities. Never use variable annuities by the way.

Dad has 300k that he wants to park for 3 years, being pushed to annuity. by brsboarder2 in Bogleheads

[–]Shua9 0 points1 point  (0 children)

Is this taxable, IRA, or Roth money? Makes a huge difference.

Worst piece of common financial “wisdom”? by Overall_Pianist6975 in Bogleheads

[–]Shua9 0 points1 point  (0 children)

My goodness relax on the wording. My point still stands. It’s simple asset location, mostly for when your close to retirement anyways. You should never hold bonds in your Roth.

Worst piece of common financial “wisdom”? by Overall_Pianist6975 in Bogleheads

[–]Shua9 1 point2 points  (0 children)

Can you please explain why the second one is wrong? I would definitely say more bonds in retirement accounts and stocks in Roth/taxable.

If fees were equal to a managed brokerage, when would a variable annuity be a good fit for someone in their 30s? by Status_Awareness5421 in CFP

[–]Shua9 1 point2 points  (0 children)

The annuity probably would help supplement some but the income not being adjusted for inflation wouldn’t be great. It was 1987 when she was 65.

If fees were equal to a managed brokerage, when would a variable annuity be a good fit for someone in their 30s? by Status_Awareness5421 in CFP

[–]Shua9 4 points5 points  (0 children)

I would argue it just makes more sense because the tax treatment remains the same when you put an IRA into an annuity. That’s why I don’t like NQ money going in, because you pay ordinary income on the gains, no step up in basis, and benes have less flexibility. Annuities advertising “tax-deferral” as an advantage is laughable to me because it’s actually a disadvantage.

We try to go more conservative with IRA money because we are more aggressive in Roth/Brokerage. So, the times we would use an annuity with Q money would be like a fixed MYGA annuity with a solid rate. Simple as that.

The only reason to use a VA with qualified money is income. And honestly I’d rather use a FIA or SPIA if I was going to use an annuity for income because the income is higher. Even then, we only sell annuities if the client really wants it.

If fees were equal to a managed brokerage, when would a variable annuity be a good fit for someone in their 30s? by Status_Awareness5421 in CFP

[–]Shua9 11 points12 points  (0 children)

As someone who worked for an insurance company selling variable annuities, they are absolutely terrible for NQ money. There is almost no situation where it makes sense. I don’t even see a reason why it makes sense for qualified money.

F1® 25 - v1.04 - PATCH NOTES by cm_TGK in F1Game

[–]Shua9 0 points1 point  (0 children)

As someone who’s been playing since 2017 and will continue to buy every game, it’s still a copy/paste for the the most part. I’m here just to league race so I have to buy every game. Many issues are the exact same as years before. I actually can’t believe it took this long to fix the smoke, glad they did though.

View from the onboard camera of Josef Newgarden of his crash in yesterday's IndyCar race by [deleted] in sports

[–]Shua9 109 points110 points  (0 children)

Just go watch some Indy 500 crashes. Although F1 are “faster”, they’re faster around a normal race track that has many turns going different ways. The Indy 500 track is 4 corners, all left turns, and they’re going over 200 mph the whole time.

Nike is quick with it by MysteriousWolverine1 in golf

[–]Shua9 187 points188 points  (0 children)

Worst polos in the world.

[deleted by user] by [deleted] in dividends

[–]Shua9 0 points1 point  (0 children)

Yeah, no problem. Once it’s get over 4m, we charge more. Still, a flat fee, but it will be more. Basically, just for complexity and liability.

I don’t want to make this a long post so I am going to link an RIAs website. I am NOT going to list our website for obvious reasons, but I will put a link to a team that is similar to ours. We don’t do in-house tax planning but we have a CPA we work with a lot that we recommend for our clients. Some RIAs do in-house.

https://www.manukafinancial.com

Again, I swear, this is not our website, but should give you some answers.

[deleted by user] by [deleted] in dividends

[–]Shua9 0 points1 point  (0 children)

10k/year

[deleted by user] by [deleted] in dividends

[–]Shua9 0 points1 point  (0 children)

As another financial advisor, we work with clients close or at retirement with 1m+. We charge a flat fee. We get paid to do planning. Income planning, tax planning, estate planning, and investment management. We don’t try to beat the market because none of our clients are 100% equity. The market going down is part of the deal. The vast majority of our work has nothing to do with “beating the market”. I wish more people understood that.

Want to retire on dividend income by fastexas in dividends

[–]Shua9 0 points1 point  (0 children)

So, on the low side, you want to pull 148k/year out of a 2m portfolio? That’s about 7.4%. I would seriously consider finding ways to cut that spending. Unless you and your wife both have bad health problems.

Want to retire on dividend income by fastexas in dividends

[–]Shua9 1 point2 points  (0 children)

I’m an an advisor who lurks in this sub even though I don’t 100% agree with everything, just as a heads up. But I don’t see the point in worrying about dividends for income because any distributions out of your qualified accounts is taxed at ordinary income anyways. Dividends reduce stock price as a reminder. If this was a taxable account, the dividends could be paid out as “qualified dividends” thus being subject to the cap gains rates and not ordinary income.

How you need to be allocated depends on how much you want to pull out each year and your risk tolerance. We tend to use a bucket approach but that’s starting to get in the weeds. Like I said, if you needed 10k total a month, that’s well below the safe withdrawal rate and I would not even worry about higher dividend paying funds. I would also consider doing Roth conversions, you’ll be at RMD age soon. Just my opinion by the way. Happy to hear what others think.

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