Financial Planner

Reply Subscribe

Page 2 of 2

Thread Tools

Search this Thread

04-03-2018, 12:49 PM

#11

Nightflyer

Gets Weekends Off

Joined APC: Mar 2006

Position: Crewmember

Posts: 1,376

I would like someone to ask them what they think of the new VB scheme!

04-03-2018, 03:41 PM

#12

Overnitefr8

Gets Weekends Off

Joined APC: Apr 2006

Position: 767 CA

Posts: 1,876

So what is their thought on the VB plan?

04-05-2018, 08:22 AM

#13

Sparky35

On Reserve

Joined APC: Nov 2017

Position: MD-11 Captain

Posts: 10

I live near Indy and use Legacy in MEM. Face to face isn't very often. I usually call and schedule a lunch date during a hub turn (day) and they come get me we run out get some BBQ. Sign paperwork if that's required and back to work all on their Nickel. (Ok its really my Nickel) But none the less almost all is done via Phone Calls and Emails.
VB questions are theoretical. They are profit motivated so they concentrate on "what is, as opposed to what might be."
FYI i just got my statement today via email and I have done 8.7% return since account inception last decade.
Specific info for serious inquiries send a PM.
I know they are worth ever $ I pay them.
Sparky

04-05-2018, 10:42 AM

#14

Nightflyer

Gets Weekends Off

Joined APC: Mar 2006

Position: Crewmember

Posts: 1,376

How much does Legacy cost?

Is it 2% of your gross?

04-05-2018, 01:50 PM

#15

Check6Viper

Line Holder

Joined APC: Jul 2013

Posts: 98

Quote:

Originally Posted by Sparky35

FYI i just got my statement today via email and I have done 8.7% return since account inception last decade.

I know they are worth ever $ I pay them.
Sparky

Isn't that.... terrible? If you had simply put money in the S&P over the last 10 years you would have had over a 10% return. A 1% management fee (is that correct) compounded over 10 years reduces your gains by another 10%. Comparing the two via an online calculator shows a difference of about 20% in total returns over the last 10 years. What am I missing?

04-05-2018, 02:46 PM

#16

HIFLYR

Gets Weekends Off

Joined APC: Sep 2007

Position: 777 Captain in Training

Posts: 1,457

Quote:

Originally Posted by Nightflyer

How much does Legacy cost?

Is it 2% of your gross?

I think .65 till 60 then 1.0%. if in Vanguard

04-07-2018, 12:20 PM

#17

Tokyo

Line Holder

Joined APC: Sep 2007

Posts: 51

Quote:

Originally Posted by Check6Viper

You aren't missing anything. According to their fee schedule, it's 1% annual fee on the first $2 million. Some basic education on fees shows this is not a good deal. They'll probably tell you they can do better than an index fund. If they do, they are taking more risks. Returns aren't guaranteed, but the high fees they charge are.

04-10-2018, 04:49 AM

#18

FXDX

Proponent of Hysteria

Joined APC: Mar 2005

Position: 3B

Posts: 1,052

Its .65% on the money in the Vanguard funds. 1% for other funds.

04-10-2018, 06:11 PM

#19

BigWatchPilot

Gets Weekends Off

Joined APC: Feb 2006

Position: Bench Warmer

Posts: 241

I would pass on Legacy...anyone can manage a 401k. I interviewed several people and firms over 10 years and finally found: Pickler Wealth Advisors, struck gold. Awesome group...I have sent several guys over there and its always what they were looking for. They manage my 401 for free and 1% on my personal stuff. He also has a CPA firm and Law firm...one stop shopping.