Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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I invest exclusively with Vanguard and Fidelity Investments. Vanguard has Certified Financial Planners available for consultation for free. But, you may need to have a certain amount of assets to use their free service. I would highly recommend Vanguard for any type of investing and advice. If you want to be able to meet in person with someone, Fidelity has an office at Lake Sumter. I don't think you can go wrong with either Vanguard or Fidelity for any type of investments. I prefer to use mutual funds, but, If you want to invest in individual stocks and bonds, you can set up a brokerage account and they will help you.
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#47
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Advise pls
I transferred mine to a self managed IRA, if you do a direct tranfer there is no problem with withholding taxes or effect on your income until you make a withdrawal. Any broker can transfer the funds for you so pick your own location to move your funds. Fidelity, TD Ameritrade, now part of Schwab or any of dozens of others. I would pick one with a local office so you can go in and get face to face information on what help you can get from the broker and trading, most will assign you an individual broker if you have more that $500, 000.
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#48
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sportsguy |
#49
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Make an appointment with a financial advisor. We met with Samantha at Fidelity. First meeting was just to get to know her and the company. So happy we did. Talking with her is like sitting down with a friend while she talks basic steps and told us things we never thought or knew. Never go with a planner that tells you don't worry about it, they will handle it. Right now everyone is making money. Find someone you enjoy having coffee with and learn from them. It is Free.
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#50
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I believe it changed to 72 even and not 72 1/2.
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#51
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Talk to a financial advisor. He may advise you to invest in gold.
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#52
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An IRA move may cost you money
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Check twice before you move it. You can't undo it. |
#53
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Rollover into an IRA at Vanguard.
Read free ebook at paulmerriman.com - Get Smart or Get Screwed JMHO |
#54
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#55
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Just to clarify, the Vanguard 2020 fund is a "no load" fund, which means that there is no sales fee to purchase shares. It does have an expense ratio of 0.13 percent to manage the fund assets. This is a relatively low expense ratio as compared with similar funds. All mutual funds have a management fee built into the fund.
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#56
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Serious question with a normal amount of Wise A$$ responses. Many 401Ks have very restrictive investment choices. 10 years ago you may have had a good amount of your funds in "money markets", which had a decent yield. They are now yielding close to what the banks pay .. a tad above zero. My 401Ks were both administered through Fidelity - I transferred them "IN KIND" to Fidelity IRAs. IN KIND means that your investments didnt change at all. That gives you time to decide how to set up your account for the "distribution" phase of your life. You no longer will have the ability to make up huge losses with "buying low" when the market tanks. Some people go crazy and make silly bets on stocks and investments they don;t understand. They end up going back to work at minimum wage jobs. The key, as you alluded to, is capital preservation, with at least enough growth to cover inflation. Fidelity, Vanguard and a number of other credible companies offer a wealth of options and model portfolios for this purpose. If you are totally uncomfortable with managing your fund, you can consider a financial advisor.. That opens another discussion altogether. Just remember the "Free Lunch Theorem" - There is no such thing as a Free Lunch ! Good Luck
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#57
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I have had my 403B with Fidelity Investments for over 30 years and converted to IRA when I retired. I like the fact that I am in charge of making decisions with my money and can change Mutual Funds as I see fit. I do spend a lot of time studying funds, market sectors, fund managers etc. It gives me something to do and I can take chances because I also have a wonderful pension. Good Luck! You got some good advice from the previous posts.
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#58
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We recommend Liz at TB Financial - attend one of her free Annuity 101 "classes" at local restaurant if you don't know about the newer types of annuities available. She would also meet with you personally to make custom recommendations for you. We have been so impressed with their work for us and have met many of their other clients at their pre-COVID socials. They offer a unique r personal touch. TB Financial, Fruitland Park off 441, 352-350-1161 Tell them the Ackerman's recommended them.
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#59
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__________________
Life is to short to drink cheap wine. |
#60
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Look up some seminars that have financial brokers speaking, this way you can see if the even appeal to you if so set up a personal meeting , if not move on. Worth your time |
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