In his Of Dollars and Data blog, Nick Maggiulli wrote a detailed and well-researched post about “The Case for and against Dividend ETFs” on 2-27-24 (post 387). He stated that while dividend stocks have historically outperformed the S&P 500, dividend funds have generally underperformed the S&P 500 over the past 5 to 10 years. He outlines the pros and cons of dividend ETFs and who might or might not benefit from owning them. A very good post. We do not any dividend ETFs, but do own some individual stocks that are dividend aristocrats or kings as part of our overall stock holdings.
Good post, Mr. Quinn. Annuities, as part of an overall plan, can provide both guaranteed income and peace of mind. in the late 1980s or early 1990s, I started a variable deferred annuity account with Fidelity because I wanted to save for retirement in a tax-deferred way above the contribution limits for my 401(k). I contributed to the variable deferred annuity account for roughly 25 years. Upon retirement in 2017, I converted the accumulated amount into a monthly income stream. In 2023, our Fidelity advisor suggested that we convert part of our taxable account into a single premium annuity. We did that and now have a second income stream from an annuity. We both receive Social Security benefits, and we each have a modest pension. These are also guaranteed income streams. I also take my RMD withdrawals as monthly payments, which provides another steady income stream. An RMD withdrawal is not an annuity as such, but, even though the assets in the 401(k) account is subject to market fluctuation, it functions similarly to one in terms of providing a steady monthly payment. These various income streams cover our expenses and provide peace of mind coverage against fluctuations in the financial markets that affect our savings in other taxable and tax deferred accounts. For us, annuitizing a portion of our savings, in addition to receiving Social Security and modest pensions, has worked well.
Saving. Giving to children. Spending on grandchildren.
Yes.
Yes. Successful enough, and as successful as I was going to be.
What we now have is enough, yet we still accumulate more through savings & investment gains.
Grandchildren. Other contributors: reasonably good health, exercise, financial peace of mind, & volunteer activities.
Not sure about who. Have long term care coverage for me, but not my wife. Not concerned about risk of outliving our money.
Value, yes. Ease of settling, probably not, & I know that we need to simplify things more. I am learning as I settle my late mother’s matters that the process is more complicated than it should be, especially with an unhelpful financial institution such as Bank of America.
We track income & expenses on Quicken each month and balance check book and record & categorize credit card charges as part of the process. is the income & expense tracking process worth the time & energy spent on it? Probably not since we do not really do much with the information, but we continue to do it partly or largely out of habit.
The initial comment was not political, but some of the overheated replies denouncing its “political” nature were themselves very political. I will worry about what to do with a $5K DOGE dividend if and when one is ever paid.
Comments
In his Of Dollars and Data blog, Nick Maggiulli wrote a detailed and well-researched post about “The Case for and against Dividend ETFs” on 2-27-24 (post 387). He stated that while dividend stocks have historically outperformed the S&P 500, dividend funds have generally underperformed the S&P 500 over the past 5 to 10 years. He outlines the pros and cons of dividend ETFs and who might or might not benefit from owning them. A very good post. We do not any dividend ETFs, but do own some individual stocks that are dividend aristocrats or kings as part of our overall stock holdings.
Post: You’ve Come a Long Way, Baby by Marjorie Kondrack
Link to comment from April 27, 2025
Good post, Mr. Quinn. Annuities, as part of an overall plan, can provide both guaranteed income and peace of mind. in the late 1980s or early 1990s, I started a variable deferred annuity account with Fidelity because I wanted to save for retirement in a tax-deferred way above the contribution limits for my 401(k). I contributed to the variable deferred annuity account for roughly 25 years. Upon retirement in 2017, I converted the accumulated amount into a monthly income stream. In 2023, our Fidelity advisor suggested that we convert part of our taxable account into a single premium annuity. We did that and now have a second income stream from an annuity. We both receive Social Security benefits, and we each have a modest pension. These are also guaranteed income streams. I also take my RMD withdrawals as monthly payments, which provides another steady income stream. An RMD withdrawal is not an annuity as such, but, even though the assets in the 401(k) account is subject to market fluctuation, it functions similarly to one in terms of providing a steady monthly payment. These various income streams cover our expenses and provide peace of mind coverage against fluctuations in the financial markets that affect our savings in other taxable and tax deferred accounts. For us, annuitizing a portion of our savings, in addition to receiving Social Security and modest pensions, has worked well.
Post: RDQ Sorry folks, I still see annuities, including deferred annuities, as a viable option for creating steady retirement income.
Link to comment from April 24, 2025
Post: Ask Me a Tough One by Jonathan Clements
Link to comment from April 18, 2025
Good question, Mr. West. Humble Dollar’s Forum section has experienced a change.
Post: SCOTUS AND THE ODD COUPLE
Link to comment from April 16, 2025
Good link by David and excellent comment by Bill. Thanks for the informative posts.
Post: The Status of Inherited IRAs in 2025
Link to comment from March 18, 2025
We track income & expenses on Quicken each month and balance check book and record & categorize credit card charges as part of the process. is the income & expense tracking process worth the time & energy spent on it? Probably not since we do not really do much with the information, but we continue to do it partly or largely out of habit.
Post: Detailed tracking expenses and spending. Is there real value?
Link to comment from March 7, 2025
An entertaining rant, but nonetheless still a rant. And a rant with strong political implications.
Post: Quinn rants: Senior citizens are greedy. We take too much
Link to comment from March 2, 2025
The initial comment was not political, but some of the overheated replies denouncing its “political” nature were themselves very political. I will worry about what to do with a $5K DOGE dividend if and when one is ever paid.
Post: What will you do with $5,000?
Link to comment from February 23, 2025
A link to a CNN article is a link to garbage. Pay attention to it at your peril.
Post: A Taxing Situation
Link to comment from February 19, 2025
Definitely an old guy’s rant.
Post: Making money – out of touch with the good old days. Maybe just a little rant by RDQ
Link to comment from January 27, 2025