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suoixonbo

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  1. >Having said that I do have my criticisms about this forum. It seems to me that the mindset here is always if you don't invest in super low cost index funds than you will never make it to retirement. Its almost a militant attitude against any thing outside that line of thinking. Its starting to almost sound like a broken record. I have been part of that broken record too. I also have developed an almost neourotic dislike of commissioned based investment advisors although there certainly must be some decent ones out ther and some decent options outside of indexing. I don't come here b/c of that militant attitude. I am a teacher managing a portfolio which is rapidly approaching 2 million dollars. I invest in actively managed funds. I opted for load funds with the load in my 403b once I figured out the horror and costs of annuities. I do no-load funds in my IRA and Roth and taxable accounts. I don't worry as much about expenses as I do about return. I am basically a buy and hold investor. Indexing is a very effective risk management technique.
  2. To Quote you: Section 403(b)7 requires that the Custodial Account be used for the purchase of stock of "regulated investment companies" which is the legal term for both closed end and open end mutual funds.
  3. The basic issue is CLOSED END FUNDS which you declared COULD be invested in by 403b's.
  4. F.t. Joel told you to move on; Do so. This is his private site of rant. You can't discuss with him. He just knows everything and he believes he's always right and forget reality. Move on! Like everybody else
  5. despite Joel's just knowing, I was unable to invest in closed end funds or etfs in my 403b. The vendors maintained that they were stocks, possibly b/c of the way they're sold. Schwab spend a great deal of time trying to find a way to permit them. I understand that Joel will just tell me tht I have to search harder b/c he obviousl knows better
  6. Continue to max the Roths as long as you are able. Take advantage of any and all matches. Evaluate the costs, including hidden ones, of all the plans and the offerings. Everything should come together as one portfolio. Then pick the best of everything no matter where it is.
  7. suoixonbo

    Taxpayer

    That's the point
  8. suoixonbo

    Taxpayer

    Joel, Oh, you just know!
  9. suoixonbo

    Taxpayer

    Joel. You keep maintaining that the private social security accounts would be managed much like TSP accounts with similar costs. All of my reading indicates that this is one of the issues of contention and although there's a significant number of legislators who want this, there are others who do not see the importantance of this and are questioning the privatization on just this basis. Can you point me to a reference that says that this is the WAY IT WILL BE? Today N.y. Times talks about Snow's visit to convince Wall Street Economists who remain leery b/c of the bond financing costs AND THE COSTS of administring the plan. Yesterday, there were articles about Britain looking at our current plan b/c the costs of their private plans were decreasing accounts by 20-30%. I can find articles that assume it won't be like the thrift plan, articles that say it SHOULD be like the thrift plan, but nothing to support your assertion that IT WILL BE. Can you provide a source? Thanks spelling error edited
  10. suoixonbo

    Taxpayer

    But we can't leave ING out of it. Who do you think will administer these things? How can we pay out benefits throughout the lifetime if not through our annuity specialists. Joel, Have you read Bill Bernsteins of the FOUR PILLARS fame latest issue re privatization of SS. Perhaps Steve with his html skills can provide a link? http://www.efficientfrontier.com/ef/105/goldrush.htm
  11. detail gal, liquidating it INSIDE OF THE 403B will not trigger any tax consequences of penalties. All you're doing is changing it to cash which Vanguard will accept. You just have to keep it as a 403b. Tell ING you're going to talk to the SEC about having an annuity within a tax sheltered account. I'm not as sure as Joel and Stev that you can transfer it b/c of the employee match. ERISA accounts have different 403b rules. check with Vanguard.
  12. Here's some investment tips to help you with your rebalancing! INVESTMENT TIPS for 2005 >> >> >> Investment tips for 2005.... be aware of the next expected mergers so > that > >> you can get in on the ground floor and make some BIG bucks. Watch for >> these consolidations in 2005. >> >> 1.) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W. >> R.Grace Co. will merge and become: Hale, Mary, Fuller, Grace. >> >> 2.) Polygram Records, Warner Bros., and Zesta Crackers join forces and > >> become: Poly, Warner Cracker. >> >> 3.) 3M will merge with Goodyear and issue forth as: MMMGood. >> >> 4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will > merge > >> and become: ZipAudiDoDa. >> >> 5. is expected to join its major competitor, UPS, and become: > FedUP. >> >> 6. Fairchild Electronics and Honeywell Computers will become: > Fairwell >> Honeychild. >> >> 7. Grey Poupon and Docker Pants are expected to become: Poupon Pants. >> >> 8. Knotts Berry Farm and the National Organization of Women will > become: >> Knott NOW! >> >> 9. Victoria's Secret and Smith &Wesson will merge under the new name: >> Titty Titty Bang Bang
  13. Steve, What Westerndad is saying is just what we got in Florida. Although the choices are there, teachers are either doing all fixed income, therebye severely decreasing, limiting their future income or being cowboys and chasing funds.
  14. http://sec.gov/rules/proposed/34-50980.pdf Here's the link to the sec proposal with information on the link to comment.
  15. Hey Joel, What link? Where? When? Besides which my county has gone with the ICMA Retirement company.
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