Tundras live: Dumb Dad Jokes, Incorrect Opinions, and Relationship Advice.

Understand - my point was you were out on a limb stating you are normal.

 

I can't answer the question about 1% being charged on your contributions, I suspect it would be if they went to the funds you turned over for management. I stopped adding to retirement funds three years ago, so I just don't know. I'm guessing how you approach that would depend on your age and goals.

I can say how it works for me. Our fiduciary (wealth manager) takes 1% of total worth for only what's in the account he manages. He doesn't account for savings, checking or physical assets.

I also think you can get a fiduciary for hourly or other rates to consult for retirement planning. I wish I'd have done that, and I think that would be the way to go when I was younger. I'm doing OK, but could be better. An example is a Roth IRA. We always contributed the max to regular IRAs to reduce taxes. 5K in a Roth IRA is tax free on earnings after five years, for you and your heirs. Based on the rule of seven, it would double every seven years even if you never made another contribution. If I'd known that I would have had one years ago, but it's too late for me.

For me it's totally hands free, I turned over all retirement accounts, 401Ks and IRAs, to his firm. They manage day to day activities and distributions.
We meet about once a quarter, more if I want to.

What I gain is a much more detailed management of my funds. I used to do what you're doing and it worked until I got close to retirement. Keep adding, work the index funds and stay the course.

The guy I have has a bucket system management approach since I've reached retirement.

Life bucket, guaranteed income such as pensions and social security. He doesn't mess with those, only factors them in to total income wanted or needed.

Two year bucket, conservative investments to provide income for the next two years.

Three year bucket, medium risk to provide income after the two year bucket.

Five year bucket, growth funds to provide lifetime income.

I get better, more detailed management from someone whose job it is to know the market and other trends. And whose income is directly related to my personal gain. After considerable research I believe a fiduciary is the way to go.

https://www.consumerfinance.gov/ask...y is someone who,for their benefit, not yours.

 

Coincidentally, got this email this evening.

Hi John,
First, we hope anyone in the path of the snow is staying dry and warm. We are all currently working from home until the roads can be safely traveled. If you need to reach us please shoot us an email or give Dave or Jon a call. To reach Dave dial 540-220-9282. To reach Jon, dial 540-940-5679.

On another note, here are a few words from Dave and Jon:

We do not react to economic or market events. As you know we use the bucket theory. Our purpose is to be in-line with your financial life plan and our system allows us to do so.

We are happy to report on another very successful year in our shared pursuit of your most valued lifetime financial goals. Our plan and portfolio continue to be driven by your financial life plan, not the prognostication around the economy or the market.

We are long-term, goal focused, plan-driven investors. Our core investment policy is to invest in broadly diversified portfolios of high-quality businesses.

We believe that the economy can’t be consistently forecast, nor the markets consistently timed. We believe that the only practical way to capture the long-term return of equities is to ride out sometimes significant but historically always temporary declines.

 

Lower case normal....

 

Abby Normal?

 

Black Sabbath is still my favorite hard rock band, I don’t think they’re considered metal, not sure.

Also Spinal Tap’s Break The Wind album was pretty good.

 

I spend half a day clearing debris and prepping to burn a bon fire and yall are pages ahead....

too much scrolling at this time. I save my scrolling for the 2.5 what did you do page.

Enjoy that concert, slightly jealous

 

Watching the temp drop outside, currently 40 degrees... to fn cold for my Florida bones...

While I was running the tractor, the printer was running the.... print?

I need to hang my new mailbox numbers tomorrow, hopefully I remember.

 

Sabbath are definitely metal.

 

Also, if I had to think of a favorite song, I’d have to say The Rain Song by Led Zeppelin. Incredible guitar song by Jimmy Panty Drop Page.

 

Why the hell not?

 

If you ever get a chance, I highly suggest dropping acid and watching Pink Floyd: live at Pompeii

 

you are not alone, on most of those.

 

You don't like any of their songs? Or you don't like their overall portfolios?
The Stones, I like some songs, but I don't think they're a great band. Except they are according to the general public. Van Halen was good pre Sammy. Early Pink Floyd is annoying. Pre Dark Side is just too weird.
The Who, I just like them. The best rocknroll scream ever. Skip to 7:55. Or better yet listen to the studio version.
https://youtu.be/UDfAdHBtK_Q?feature=shared

 

Prepare for unpopular opinion....

I prefer Sammy as Hagar versus in the Van clan...

 

What about Steely Dan?

 

REPORTED....

 

It’s tragic

 

Oak Ridge Boys?

 

Seconded.

 

Some tunes, especially Zeppelin and Floyd need to be listened to with a nice mellow buzz, and some high quality headphones. This is one of my favorites that keeps my inner demons in check.

https://youtu.be/_vG_mTt6hCs

 

Never heard of them but if they're some good old time bluegrass like their name implies they should be, I'd give them a listen.