buzman

G.M. Livingston III "Buz"

buzman’s Activity

Mon Nov 24

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 9:34 AM

Re: WSJ -- Robots Making Us Dumb

I just read the headline but flying the plane is not the hard part...landing one is especially in inclement weather. Going over the preflight checklist manually, check that.

Surgery could be done better perhaps by a robot, but the critical [more]

Fri Nov 14

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 9:24 AM

Re: $11.5 Billion, $1,400 Per

A small percentage of liberals take care of themselves.....and still need medical help, but like 85% of liberals eat themselves into massive health problems.

How big of a sphincter muscle does it take to pull stuff like that out?

Thu Nov 13

NL

Boards Post

buzman replied to the Retirement Investing board. 6:41 AM

Re: 401k expenses

The OP said their 401k plan had annual costs of 1.2%

I wanted to caution them because the industry has fought disclosure tooth and nail.

The Fool's mission is to educate not obfuscate.

Wed Nov 12

NL

Boards Post

buzman replied to the Retirement Investing board. 6:02 PM

Re: 401k expenses

>>Median vs average. The difference can be a lot when a small group is in really lousy plans.<<

More baloney....

[more]

Tue Nov 11

NL

Boards Post

buzman replied to the Retirement Investing board. 9:37 AM

Re: 401k expenses

Can you provide a link that illustrates such fees?

Please don't throw me in that briar patch.

[more]

Sun Nov 9

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 9:14 AM

Re: Look this isn't complicated

>>>Lots of forests are regrown, and around here often regrown commercially by bif timber companies ---tree farms<<<

Tree farms are generally monocultures and lack the diversity of natural forests.

Taxpayers [more]

NL

Boards Post

buzman replied to the Retirement Investing board. 9:02 AM

Re: 401k expenses

Thanks for proving my point.

I've seen small 401K plans/403b (<10 participants) using Vanguard. Generally speaking smaller plans have higher costs due to economy of scale.

FYI iShares has a low cost 401K platform, [more]

NL

Boards Post

buzman replied to the Retirement Investing board. 8:47 AM

Re: IRA for wedding gift

If your kids open the account then where the money comes from is likely irrelevant. Each custodian may have different protocols. Ask first.

Sat Nov 8

NL

Boards Post

buzman replied to the Retirement Investing board. 6:04 PM

Re: IRA for wedding gift

Yes as long as they earn $11000 this year.

NL

Boards Post

buzman replied to the Retirement Investing board. 10:54 AM

Re: 401k expenses

Fiddle dee, dee all you like, 401K plan providers along with HR departments often don't disclose all fees.

The industry has fought tooth and nail all attempts for concise and clear disclosure.

I've seen fee disclosure documents with [more]

NL

Boards Post

buzman replied to the Retirement Investing board. 9:11 AM

Re: 401k expenses

Once of the best "ways to make money in the market" is to pay attention to fees.

[more]

Fri Nov 7

NL

Boards Post

buzman replied to the Retirement Investing board. 6:52 PM

Re: 401k expenses

Very misleading since you are ignoring administrative costs and other fees.

If the fees are so low why did your team (the financial services industry) fight so hard against disclosure?

For the record VFINX sports a .17% and you [more]

NL

Boards Post

buzman replied to the Retirement Investing board. 4:21 PM

Re: 401k expenses

Just an anecdote but according to the mutual funds mouthpiece the annual expense ratio was .77%

http://www.ici.org/pdf/per19-03.pdf

Tack on admin costs for the fund and management [more]

NL

Boards Post

buzman replied to the Retirement Investing board. 9:47 AM

Re: 401k expenses

Just an FYI, as a practicing CFP most 401K plan have annual expenses > 1.2%.

If most of the options aren't from Vanguard, the OP is likely paying more than 1.2%.

That said, I've been pleasantly surprised in the last few years at [more]

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 9:36 AM

Re: Look this isn't complicated

>>Nothing is going to change politically until the goobers realize this is nonsense. Meantime anything that helps the really poor, the environment or public education will be scapegoated. I figure ten to twenty years for reality to kick in. In [more]

Tue Oct 28

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 12:45 PM

Re: Do the Democrats have any life

>>But in the absence of a single progressive voice of any authority within the Democratic Party, why would anyone vote for them instead?<<


If you don't vote, don't complain. I get pissed at Dems, too but I spoke against the [more]

Sun Oct 26

NL

Boards Post

buzman replied to the Estate Planning and the Fool board. 5:27 PM

Re: Sick / Hospitalized / Passed away

First should be the first place you get advice but you need to speak with an elder attorney in CA, too.

You as trustee of the recovable trust can use that to pay her expenses but not the separate bank account.

Talk to the [more]

Tue Oct 14

NL

Boards Post

buzman replied to the Retirement Investing board. 10:50 AM

Re: IRA / Disabled Veterans

You do not a 1% load on Class C shares.

There is a 1% redemption fee on shares held less than one year.

[more]

Mon Oct 13

NL

Boards Post

buzman replied to the Retire Early Liberal Edition board. 6:58 PM

Re: What's making you happy?

Two Saturdays ago, a sea turtle played with me.

Most of the time when a turtle sees my kayak they shoot away but this one would just go to bottom. Then it would come back up then go back down.

I've never seen turtle hang out so [more]

Wed Oct 8

NL

Boards Post

buzman replied to the Retirement Investing board. 10:12 AM

Re: Senate Finance Cmte Chair on 'Retirement Cri

>>>All I know is that everyone would be screwed if you privatized Social Security and turned it over to Wall Street.

intercst<<<

Screwed, tattooed and not get kissed.

buzman

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 4302
Recs Received 5553
People who have rec'd these posts 923
Recs to Posts Ratio (last 30 days) 3.00
Threads Started 516
Threads Started Percentage 11.99 %
Most Frequent Board Retire Early CampFIRE
Very First Post KO (1/22/1998)
Percentage of Posts Rec'd 42.17 %
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