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retirement planning

To get this thread back on somewhat track, anyone have any recommendations for a fiduciary planner? I think it's complicated enough now I need to pay a professional.
 
I remember at the end of 2018, I set up a Roth IRA account at Schwab even though I had an IRA Rollover there. I was instantly contacted by a Schwab employee letting me know she was available to meet with me on retirement planning. I shrugged her off because I was not interested in talking to some random person about my assets and answer a myriad of questions I was not prepared to answer in detail.


At this point, I would lean more toward someone at a business that had no access to my asset information than someone who did. I'd pay a visit to Fidelity where I have no accounts, just for a 1-time consultation.


afm199, have you had any experience with talking to a retirement advisor at Schwab?
 
AwakeNAlive said:
I remember at the end of 2018, I set up a Roth IRA account at Schwab even though I had an IRA Rollover there. I was instantly contacted by a Schwab employee letting me know she was available to meet with me on retirement planning. I shrugged her off because I was not interested in talking to some random person about my assets and answer a myriad of questions I was not prepared to answer in detail.


At this point, I would lean more toward someone at a business that had no access to my asset information than someone who did. I'd pay a visit to Fidelity where I have no accounts, just for a 1-time consultation.


afm199, have you had any experience with talking to a retirement advisor at Schwab?
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I've been happy with all the services Schwab has provided me, and their financial services for fees are quite reasonable. I haven't spoken to anyone there about retirement, I self manage, but am going to about an estate management.
 
I left thousands on the table of my government job by leaving early. Traveled the world many times over since. Zero regrets as I know I won't be as physically active on the back end.
 
GAJ said:
As with most insurance, and I have 4 earthquake insurance policies, one hopes to never have to use it.
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I don't understand that statement. I have one policy for my standard house insurance, and one for earthquake. Are you paying for four individual policies??

Does that mean you get quad payout for the value of your house?
 
Probably a line in the policy somewhere stating they won't payout if another policy is paying out for same event.
 
HappyHighwayman said:
Earthquake insurance purchased (5% deductible) for ~$100 a month
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:thumbup that's a lot more reasonable than when i was looking years ago. Good job
Blankpage said:
Probably a line in the policy somewhere stating they won't payout if another policy is paying out for same event.
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Probably
Pretty sure he meant 4 individual policies on 4 properties
 
afm199 said:
Bingo. I have earthquake insurance, with a 20% deductible, ( pretty sure it's 20%) for one reason. To protect me from a catastrophic loss. I have to foot the first $50k of repairs.
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what do your premiums sum to over 10 years? Would it be better to self insure? Last time I shopped the exclusions were insane. Have any masonry in the house? Not covered. Also with the big one I image a few highly exposed insurance companies will claim bankruptcy, or the state admin will take years to distribute money (and probably will subsidize those payouts with bond issuesor more taxes) imagine page was your I insurance provider and u get the jest
 
#1Freak said:
what do your premiums sum to over 10 years? Would it be better to self insure? Last time I shopped the exclusions were insane. Have any masonry in the house? Not covered. Also with the big one I image a few highly exposed insurance companies will claim bankruptcy, or the state admin will take years to distribute money (and probably will subsidize those payouts with bond issuesor more taxes) imagine page was your I insurance provider and u get the jest
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lol, kinda related, i remember i was shopping around for LTD policies and they wanted me to sign a waiver that said i wouldn't be covered if injured using any motor vehicles. Likely the most dangerous thing i do (most of us actually). Anyways, long story short they changed it to not being covered if i'm injured in any motor sport racing activities because i told them i wouldn't take the policy with that exclusion. The racing thing i can live with.
 
#1Freak said:
what do your premiums sum to over 10 years? Would it be better to self insure? Last time I shopped the exclusions were insane. Have any masonry in the house? Not covered. Also with the big one I image a few highly exposed insurance companies will claim bankruptcy, or the state admin will take years to distribute money (and probably will subsidize those payouts with bond issuesor more taxes) imagine page was your I insurance provider and u get the jest
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Simply put, the premiums are under $15k. Do you have $200k lying around to rebuild your house? I don't. I don't mind risking $100 a month to avoid a $400k hit.
 
My deductible is 15%. Not sure if I can part with that chunk of money when the shit hits the fan.



HH has it at 5% and paying $100/mth that's pretty good. As premiums are moving lower, I'm considering lowering the deductible % next year.


Take a step back from the fine print. Don't expect the payment from the ins. company to allow you to rebuild an exact replica of your current home.
 
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