No Name

Don't forget the divorce, QDRO, re-marry scam.

I'm in the camp that says he was calling his own question stupid. Geez, take a deep breath.

Get back up, Effen, you're doing fine. I know a lot about investments, but wouldn't (couldn't) have lasted 24 years giving investment advice. How many of you fine folks have had a potential client walk in the door with 4 or 5 signed prototypes, one from each investment house? They think they have 5 Plans. Maybe they do. What do I know. Hope they file 5 5500s ;-}.

Doug, Appreciate it a lot. Got my Q's from a link provided on this board a few weeks ago. I was bummed that I only got 5 decimal places, but such is life. I'll look up your cites and see if I can right the boat.

SoCal, That's really interesting. Backround: I founded a company in the 80s and left late 04. Guys I left behind depend on the aforementioned spreadsheet for RPA and OBRA (I know, not this year) calcs. I go by the old digs every once and a while to see if any account statements I need are around. On one such visit, my guy says his actuary needs a sex-specific 94GAR APR in some calc (actuary HAS the APRs, but my guy wants to do as much as possible, and he DOESN'T have the table). Exact reason for needing this, I don't know. My website shows 20 hits on the spreadsheet. No verifications?

If you're any kind of a Red Sox fan, you'd never darken the doorstep to the Green Monster seats. Was with my Dad there Sept '04. Asked him what he thought of those seats. He opined that the place was better back in '46. God awful ads around the park as well.

It seems the eye got off the ball. I posted a spreadsheet hoping someone could verify the 94 GAR sex-distinct results (Code 9). All other results (8 other tables) have been verified for years. This is MY spreadsheet, and I give anyone who gives a darn the rights to use it. I'm just trying to verify that Table 9 actually works. In another vein, yes, I've had actuaries call ME with questions I would have thought I should be asking them! When they're softballs, I'll use anyone authorized to sign. Within a few hundred, I know what the numbers should be. A good/bad day in the market makes precision look foolish. I know many firms without an EA on staff. I know many EAs will question everything you send them. This is why you pay them. 99.99% are very diligent and unwilling to sign a B without turning over every rock. The .01 are also useful ;-}. I've used Preston in the past. Where the heck is he. Benefitslink Anonymous?

SoCal, Sorry. I've only got a few DBs (1 man or husband and wife). I just ship off the comp and assets to the actuary. A long-time associate at my former place of business told me that his actuary wanted a sex-specific 94GAM to run the RPA test. He asked that I update my spreadsheet (for free, for his use). You don't see me claiming to be an actuary. I guess something on Schedule B changed for 2004 (and 2005?) so no OBRA calcs required? Again, I just pay. No need to know. I can get close enough to advise.

Yeah, I saw it in print (I think from an IRS quote) that "forever" is the correct answer. Darned if I can remember when or where I saw it, but it was within the last year.

SoCal, Thanks for the edification. I know (our used to know) how to construct the tables. Just confused by the multitude of "Qs" available to construct the sex-distinct 94 GAR table, which I guess is required for the RPA calculation. Here's a link to the spreadsheet I've created. Peregrine Pensions Columns B and C are the APRs. We divide monthly benefits by these factors to arrive at lump sums. They can be flipped over (apr^-1) to look more familiar. I've also seen them subsequently divided by 12 (I guess if the benefit is expressed as an annual amount). I'd be happy if anyone could verify that Code 9, 94 GAR sex distinct, is accurate.

The purchase would be from a total stranger. Son would own half interest. How, I don't know. Plan buys property, Son buys half interest from Plan? (He's currently a participant). There is a building on the propery. The intent is to collect rental income while holding it, and selling it to an unrelated party in the future. Neither the Dad nor Son would be using the property. It's in a different state.

Thank you! One more request to anyone out there and I'll make an online link. A different rate (any will do, except zero, or course). Looks like I match up with "Static", whatever that means.

I know this has been discussed before, but here goes. Client thinks he's got an opportunity to buy some real estate on the cheap. Wants to buy it with plan money. Dad is Trustee and Son a participant. Wants to know if Plan can buy half and Son can buy half. Purchase would be from an unrelated third party. Next comes the fun stuff. Dad has close to $2mm. If all goes well, he flips the property in a few years. Down the road, he's turned what could be a capital gain if bought outside the Plan, to ordinary income when RMDs begin. RMDs should put him in a pretty high bracket. Son, buying outside the Plan, would be taxed at capital gains rate.

I've input Q's for males and females into a spreadsheet that calculates annuity purchase rates. My problem is that the males don't match up with the only printout of a table (6%) I have from an independent source. Anyone willing to post a few monthly APRs from other sources? Something like: Male, 5%, age 55 Female, 6.5%, age 60 In case you missed the header, I'm looking for 94 GAR sex distinct APRs. Just a few will tell me if I'm on track or off base. If I can verify my spreadsheet works, I'll make it available online.

I'm a little skeptical. In 25 years of accounting pension accounts, I've never seen someone lose Everything. Maybe all their gains, maybe (not unusual) some principal, but certainly not Everything. If there are some horror stories out there, I'd like to hear them! Would make for a nice long-weekend read. (Of course, on the Business level, I've certainly seen some fish go belly-up).

Me either

Just make sure you're not asking about Spanish/vs/ Mexican. A little different.

This is an interesting question for all of us. When you say "tax entity", are you referring to a bank account, a business, or what? I think controlled group and Affiliated Service Groups rules require a for-profit entity to be somewhere in the middle. Go Fish.

I think some would agree that last year's best fund is unlikely to be this year's best. Good 3,5 and 10 year track records and consistency of managers is a good guideline, but only that. Look under the hoods of these things to see if the underlying assets are what you would want to own. Sometimes, you have limited choices, and hopefully those choices have been vetted by a commitee. Of course, a camel is a horse designed by commitee!

Hope this formats correctly: Year Buy Price Shares Total Shares Value 1 1000 20 50.0 50.0 1000.00 2 1000 19 52.6 102.6 1950.00 3 1000 18 55.6 158.2 2847.37 4 1000 17 58.8 217.0 3689.18 5 1000 16 62.5 279.5 4472.17 6 1000 15 66.7 346.2 5192.66 7 1000 14 71.4 417.6 5846.48 8 1000 13 76.9 494.5 6428.88 9 1000 12 83.3 577.9 6934.35 10 1000 11 90.9 668.8 7356.49 11 1000 10 100.0 768.8 7687.71 12 1000 11 90.9 859.7 9456.49 13 1000 12 83.3 943.0 11316.17 14 1000 13 76.9 1019.9 13259.18 15 1000 14 71.4 1091.4 15279.12 16 1000 15 66.7 1158.0 17370.48 17 1000 16 62.5 1220.5 19528.51 18 1000 17 58.8 1279.4 21749.05 19 1000 18 55.6 1334.9 24028.40 20 1000 19 52.6 1387.5 26363.31 21 1000 20 50.0 1437.5 28750.86 Total 21000 For over 20 years, I've made a "losing" investment, starting with a $20/share stock/mutual fund,etc. Saw it drop to $10, finally rebound back to $20. Put in $21,000, have $28,751. Extreme example, but the math is there.

California has form DE4P. Line 1 has the option "I elect not to have taxes withheld from my pension or annuity payment". I used to include the form in my distribution paperwork. Never saw the Line 1 box unchecked.

Do some research on Executive Life and Mutual Benefit Life Ins. Co.

Female trustees are required, by law, to kiss each one with red lipstick. There is no corresponding requirement for male trustees. Seriously, I've not seen, nor have I ever heard, that a trustee need sign an SAR.

Just guessing. Borrowing is allowed in qualified plans, but not in IRAs. Using leverage is borrowing.

I'm burning my draft card... oops, already did!