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I know we've all seen structured products before but this is the first I've seen with 100% downside protection and a reasonable fee (69 bps). So from what I gather, the most you can lose is .69% and the most you can make is 8.50% based on the first offering (CPSM). Any thoughts on this? I'm...

I called the New york 529 plan folks who told me that it is the brokerage firm that holds the Roth IRA that must send them a transfer request with a letter of acceptance. There is no way to do this on their website. Just curious what others are hearing. Thanks!

Hi All, Just looking for some opinions on what you would do if you were me in order to minimize the tax impact if inherited IRA withdrawals. I have about $300K in an inherited IRA that I have to take RMDs from and fully withdraw by the end of 2033. The allocation currently is about 80%...

Hi All, After I FIRE late next year, I and DW want to spend most of the time in Florida and would like to rent out our primary home in NY. However we have a large unrealized gain on the primary home and obviously we don't want to lose the $500K (Section 121) capital gain exemption. So Every...

Hi All, My son will be turning 18 soon and I really want him to start building a credit history as quickly as possible. He is currently an authorized user on my Amex but that doesn't help with building credit. I read that kids must be 21 or have income if they want to have their own credit...

These look interesting, could be a decent alternative to dreaded fixed index annuities. Any thoughts? Thanks. https://biz.crast.net/these-etfs-promise-protection-in-a-down-market-its-working/ https://www.morningstar.com/articles/1119930/why-buffer-funds-havent-escaped-the-bear-market

Hi all, Need a bit of parenting advice here. We have a 529 and a UTMA for our 17 year old with about $100K in each one. He's looking at attending a local, public college so I don't anticipate needing more than what's in the 529. Just looking to hear some opinions on when is a good time to...

Hi All, In about 3 years, I and the Mrs. will be faced with the decision of either taking a higher single life pension amount or a lower joint and survivor pension benefit from her employer. At that time she'll be 57, I'll be 52 and we both plan to fully FIRE at that point. The question is...

Hi All, When we retire in a couple of years, the only income we'll have initially is pension income which will be less than $70K. Since this is less than the $80,800 threshold for 0% cap gains tax, I'm thinking that would be a good year to immediately liquidate everything in our taxable...

Hi All! Rather than calling an HVAC guy I want to see if I can perform annual maintenance on my home AC system myself. I have a pretty standard AC system, it is completely separate from the heating system which is baseboard heat. So I pretty much got the outdoor condenser unit squared away, I...

Hi All, Question for the snowbirds. Did you keep your house up North or did you sell it and come back North in the summer to something different? I have no attachment to my house up North but my wife may not want to spend the full year down South. She wants to keep the house but I would rather...

Hi All, Though I'm not planning to sell for a couple of years I'd like to know what steps I can take to make the process easier and I'm wondering about a couple of things: 1. When I bought my house 20 years ago, the basement was unfinished. Since then I have finished it and hired my own...

Hi Guys, Has anyone noticed a fraudulent charge on their credit cards in the past week from "COLOADTEST.COM" ? Just saw $1.55 charged on my Amex and I think this is a widespread scam. Not sure if it requires a credit card replacement, I simply disputed it on the Amex website.

Hi all, I'm still a few years from calling it quits but I'm thinking about what would be an appropriate strategy if my plan is to live on the Gulf coast of FL. I want to buy an oceanfront condo in the $1-1.2M range. No mortgage. To keep things simple let's keep it at $1 million. Now if I keep...

Hello All, Does anyone know why some quote providers and some brokerage firms adjust the price of a security or the position value day change to reflect the fact that a security is trading without the dividend (aka..it is the Ex Dividend Day) ? I can't seem to understand the rationale for...

Hi All, Need some life advice here because I'm feeling a little bit guilty. I left my higher paying sales job and am looking to land a less stressful administrative position. I plan on working exactly 4 more years before retiring at age 52. I found the perfect position close to home and am...

So like many people, we've been hesitant about going to doctors offices this year so we haven't used up any of the money we allocated to the Healthcare FSA. Given the pandemic, has there been any talk about extending the expense period or do we have to start spending the funds asap?

Hi All, Thanks in advance for your time, I just need a little life advice. I and DW are looking to FIRE in 4 years and move from New York (Long Island) to Florida, most likely the west coast somewhere. My son is currently in high school and by the time we get to Florida, he will be starting...