Jump to content

lobewiper

Members
  • Content Count

    28
  • Joined

  • Last visited

Community Reputation

0 Neutral

Recent Profile Visitors

197 profile views
  1. To illustrate the problem with market timing, consider: The chance of selling at the right time is 50% (or 1/2). The likelihood of buying back in at the right time is also 1/2. To market time successfully, you must do both at the right time, and the probability of that is 1/2 times 1/2, or 1/4. This is why market timing is such a poor idea-the odds are against you. On the other hand, I empathize with the OP because sometimes, it's helpful to buy and sell the same fund within a short period of time. I have largely avoided the frequent trading problem by opening a "brokerage window" in my IRA. The window permits me to choose from 6000 plus mutual funds and can list them in size of their returns. My account is with TIAA and they typically permit you to open such an account. I don't know about the other companies, but I'm guessing they offer something similar. Russ
  2. Charting the total returns of mutual funds over custom time periods. I wasn't able to find whether "total returns" or "daily NAV" (share price) was being plotted in the NASDAQ charts. I will look again this weekend. Russ
  3. P.S. Tony, I could not find a way to compare funds on Morningstar on total returns, with each fund's total return listed. If I'm missing something, please advise.
  4. As counterintuitive as it may seem, it is a recipe for disaster to select mutual funds based on past performance, especially over short periods of time. I could explain further, but I didn’t want to step on the soapbox just yet because I’m not sure why you’re wanting to perform the comparison. Russ I have had good results when using the last several months as a predictor of future performance, and I have used successfully that same information to identify risks of continuing to hold seriously underperforming funds. Of course, it's not a magical, silver bullet approach, but it's often better than looking at long term results when one is a relatively short term investor (a year or less). I nonetheless appreciated your response.
  5. My bad. TIAA does show total returns for the following with respect to their list of all mutual funds (not just TIAA funds): YTD, 1 yr, 3 yrs, 5 yrs, and "since inception." What they don't give is the possibility of comparing funds for the last 1, 2, 3, etc. months, so you can't say, "I'll compare funds based on their performance over the last three months, and not to mention "since May 17, 2018."
  6. Hi all, Would like to know if there is a free or for-fee charting service that plots total returns (i.e., including dividends and capital gains) for mutual fund prices over various time periods, including custom time periods. TIAA reports total returns for a fund's YTD performance, but not for any other time periods. The main free charting sites ( e.g.,yahoo finance, marketwatch) only report NAV's (Net Asset Value-or the share price for a particular day), so when a fund goes ex=dividend, the share price suddenly drops approximately the amount of the dividend (or capital gain), and often with no explanation. Any suggestions?
  7. Hi All, I have a TIAA IRA which originally was 403b money from teaching at several different institutions. (I think I rolled the individual college's money to the IRA to make it a bit easier to manage). I am still working and contributing to a 403b through my employer w. Metlife. I know I can roll the Metlife to TIAA upon retirement to simplify money management. My question: If I now open a Metlife 457, can I also roll its accumulation to my TIAA IRA upon retirement? I am hoping I can because the 457 money would be pre-tax dollars, just like the TIAA and Metlife accounts I currently have. Any thoughts would be appreciated.
  8. I suggest you speak with TIAA-CREF directly and explore whether any additional investment funds might be available to you at this time. I suspect there may well be. Russ
  9. Scotty, this link takes you to the relevant TIAA-CREF funds. Russ http://tiaa-cref.org/performance/retirement/index.html
  10. These are my questions to this fourm: Is TIAA-CREF, specifically it's CREF equites account, which I invest in any good? I know that TIAA-CREF is a large 403(B) manager that has been around a long time, but how does it compare to others with respect to fees and investment options? Also has anyone on this forum retired and left their monies at TIAA-CREF to generate a monthly income flow for retirement and if so are you satisfied with their services? Please advise. Thanks, Alcoc628 TIAA-CREF has a couple of different equities accounts: the CREF Variable Annuity Account (includes CREF Stock, Global Equities, etc.) and the recently added Retirement Class Mutual Funds (check with your employer benefits to see which you can invest in). All these funds and their performance over time can be viewed at the TIAA-CREF website. I myself am a long-term investor in the former account, and am about to convert to a rollover IRA so that I can invest in both classes of funds. TIAA traditionally has charged fairly low management fees, but you should compare with other companies (I like Vanguard--primarily because they--as well as some other companies--offer more diverse fund choices). However, more choices can also mean more temptation to invest in the high-fliers, which I have found myself unfortunately very likely to catch at their peaks, and hence, I have lost money at times in them. I have not yet retired so cannot respond to your final question. I strongly recommend that you take some time to examine the questions you have raised yourself, and look at several different fund companies. I don't think you will go far wrong with TIAA-CREF, however. If you're very interested in the market and like to manage your own investments actively, Vanguard might be better, but I emphasize the "might be." Good luck,] Russ
  11. What happens to 403(b) money in the event of death? Death benefits to be paid under a 403(b) plan depend on when death occurs and who is the designated beneficiary on the plan. The Internal Revenue Code states that distributions generally must be made from a 403(b) plan by the participants required beginning date, which is April 1 of the year following the year in which the participant attains age 70 1/2. Different rules apply to death benefits depending on whether or not death occurs before the required beginning date. The following table briefly summarizes the death benefit requirements of a 403(b): --- Dan Otter "Non-spouse Distributions are to begin by the end of the year following the year of the employee's death. Distributions are to be made over the beneficiary's life expectancy, using the single life expectancy table published by the IRS and the beneficiary's age on their birthday in the year after the employee's death. In subsequent calendar years, the distribution period is reduced by one for each year that has elapsed since death. The remaining account must be distributed over the beneficiary's life expectancy, using the single life expectancy table published by the IRS and the beneficiary's age on their birthday in the year following the employee's death. In subsequent calendar years, the distribution period is reduced by one for each year that has elapsed since death." Dan, I have copied the above quotation from the link you posted in your original response to this inquiry. I believe it to be partially in error, and would appreciate your (or anyone else's) input. The quotation suggests that a non-spousal beneficiary MUST receive the decedent's 403b funds over that beneficiary's own life expectancy, based on actuarial tables. I think that while this is probably possible, to imply that this is the ONLY way a non=spousal person can inherit is incorrect. Unless the beneficiary statement specifies such a disbursal, the benficiaries have the option of taking all funds upon death of the 403b holder. IF the beneficiary WISHES to accept such an arrangement, I think it is possible. My children are to receive my 403b money over a 20-year period, with 5% per year available for withdrawal (TIAA-CREF). Unless, it is otherwise stipulated in the beneficiary statement on file from the 403b holder, I believe that non-spousal beneficiaries receive the entirety of their inheritance upon the death of the 403b holder. If I am correct about this, please lend your authority to the correction, because the quoted selection could alarm many 403b owners who would not wish their beneficiaries to wait their own lifetimes in order to fully inherit. Russ
  12. An article by Terry Savage posted 5-01 on The Street.com describes how Vanguard will be offering retirement investment advice and other services to compete with Fidelity Investments. I thought this would be helpful to those of us (including myself) who are not expert investors but still would like to participate in the equity market. This new service should help counter the arguments of those selling more expensive retirement vehicles, such as VALIC and others, who claim their greater cost is justified by the investment advice they offer. The link to the article is: http://www.thestreet.com/funds/mutualfundm...y/10282601.html
  13. This was exactly my point (although I did not express it as well as Dan did). As I understand it, a Roth is a Roth is a Roth. You can take after-tax money and place it with any company you wish to. What is the difference--if any--between a 403b Roth and a simple Roth? Russ
  14. Why are your choices so limited? I think you can choose any company you wish for a Roth--perhaps even more than one if yearly totals don't exceed the limit for your age group. You will find Vanguard's fees and selection of funds very difficult to beat.
×
×
  • Create New...