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re: Investment Advice For Recent LSU Graduate
Posted on 12/26/17 at 6:14 pm to Clete Purcel
Posted on 12/26/17 at 6:14 pm to Clete Purcel
Looking at headwinds for markets in '18 I would go ahead and do a full Roth contribution for '17 & '18 on Jan 1 and fully invest both contributions. That would put him at 11k into Roth IRAs.
I'd move directly into a portfolio that has a good international equity exposure as well. I wouldn't bother doing a DCA on the ROTHs. If he is risk averse, you can set up a regular brokerage account and DCA into that, it will buy down any losses he has.
Also- if he is 1099 I'd do a SEP to try and wipe out tax liability owed to the feds.
I'd move directly into a portfolio that has a good international equity exposure as well. I wouldn't bother doing a DCA on the ROTHs. If he is risk averse, you can set up a regular brokerage account and DCA into that, it will buy down any losses he has.
Also- if he is 1099 I'd do a SEP to try and wipe out tax liability owed to the feds.
Posted on 12/26/17 at 9:44 pm to bstew3006
link
LINK
Link
Just A Few Links for you to read. I have policies with both NYL and Mass. I also have a really good friend with NYL. My Mass policies out preform my NYL policies. Both are great companies and personally I don't have an issue with the strategy you are using.
LINK
Link
Just A Few Links for you to read. I have policies with both NYL and Mass. I also have a really good friend with NYL. My Mass policies out preform my NYL policies. Both are great companies and personally I don't have an issue with the strategy you are using.
This post was edited on 12/26/17 at 9:58 pm
Posted on 12/26/17 at 11:13 pm to La Place Mike
I'm familiar with those articles. Not sure what there criteria is for the ranking. I'd personally rank NYL, Mass and Northwestern 1-3. Once again, you missed the point about the total payout on dividend, its about the Scale. Mass is paying 6.7% on 1.6B, Nyl is paying 6.25% on 1.77b, it's about the % and total payout. NYL wins. Doesn't mean mass is bad, it's a great dividend. But just bc it's a higher % doesn't mean better dividend. Another company could claim 7%, if the payout is on 50mm it's not better. But will claim highest in industry. The article talking about SF as one of the best in WL is misleading. Are we talking about a standard WL or cash accumulating policy? When comparing WL against Mass, NYL Biggest factor in all of it is what type of WL policy? Is it a death benefit policy or cash accumulation? Yes, there is a big difference. As far as you Mass out performing, it could very well be. But there are a lot of factors for that to happen. Did you take both policies out at the same time, same type, rating and COI (cost of Insurance)? If I took policy out 10 years ago with a preferred rating, my dividend will be performing better than on a policy I took out 4 years ago, with a standard rating. Doesn't mean the dividend is better, just that the rating and time in the policy is benefiting you.
I'm not knocking any other company! We are splitting hairs here and both believe in cash value policies as a form of supplemental retirement. I believe based off the dividend scale that NYL is the King. It's like an argument between Chevy, GMC, Dodge and ford owners lol. I've compared almost every dividend paying policy personally for myself and during financial reviews for clients. There's a reason I have a Custom WL from Nyl. I'll search and find the article from Forbes that ranks it number 1..... tomorrow lol
I'm not knocking any other company! We are splitting hairs here and both believe in cash value policies as a form of supplemental retirement. I believe based off the dividend scale that NYL is the King. It's like an argument between Chevy, GMC, Dodge and ford owners lol. I've compared almost every dividend paying policy personally for myself and during financial reviews for clients. There's a reason I have a Custom WL from Nyl. I'll search and find the article from Forbes that ranks it number 1..... tomorrow lol
This post was edited on 12/27/17 at 8:52 am
Posted on 12/27/17 at 8:53 am to bstew3006
quote:No I didn't. You gauge by the percentage not the amount. My Mass policies paid out over 7% the last 4 to 5 years. The NYL policies paid less than 7%. That's how I judge it.
Once again, you missed about the total payout on dividend. Mass is paying 6.7% on 1.6B, Nyl is paying 6.25% on 1.77b,
They are both very good companies and I recommend both. lets just agree to disagree.
Merry Christmas and Happy New Year!
Posted on 12/27/17 at 9:55 am to La Place Mike
quote:
My Mass policies paid out over 7% the last 4 to 5 years. The NYL policies paid less than 7%. That's how I judge it.
yep, and you're not understanding scale of the dividend.
It's about the % to claimed dividend to get most bang! I will definitely agree to disagree
Posted on 12/27/17 at 9:59 am to bstew3006
quote:
yep, and you're not understanding scale of the dividend.
It's about the % to claimed dividend to get most bang! I will definitely agree to disagree
If I understand correctly, you're arguement is NYL pays out more money. Why would I care about that? If I have the only share of a company and they pay me a $20 dividend, and a share of a company that has 100,000 shareholders and pays a $1 dividend. Company 2 pays more in dividends, but I got way less money. I'm not understanding why I'd care about the total dollars, I only care about what I get.
Maybe I'm misunderstanding.
Posted on 12/27/17 at 10:52 am to Mingo Was His NameO
If you're only concerned about what you get, then I'd assume you wld agree with me. I look at the % and claimed dividend (scale). Where am I getting the most bang not just focusing on the %. Just bc One company gives a higher % doesn't mean your getting more money vs company B who has lower % but higher claimed dividend. Now this changes every year bc it's not guaranteed. The NYL dividend can go in the opposite direction, nobody knows. At this point I feel its King. Looking over the last 10 years, I see NYL trending up while MM, NWM etc are holding steady or decreasing. The discussion is splitting hairs at this point, but that's what I focus on.
This post was edited on 12/27/17 at 11:18 am
Posted on 12/28/17 at 9:05 am to Mingo Was His NameO
quote:No you get it. You would rather have the greater return. He is banking on NLY paying more in the future due to a trend. He could be right. He could be wrong. His problem is he ONLY has wl policies with NYL. I have WL policies with multiple A rated companies so I don't worry as much about dividends as our friend does.
Maybe I'm misunderstanding.
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