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Re: Father in law possible elder scam victim?

The OP says the FIL's dementia came on quickly. Has his doctor been consulted about this - perhaps it is some medication effect/interaction or something that can actually be addressed. This is just a question, mods, not medical advice. Interesting question. My FIL and wife spend half of the year in...
by matonplayer
Mon Mar 02, 2015 10:54 pm
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Re: Father in law possible elder scam victim?

We found out about the checks because the eldest daughter -is- watching things pretty closely. She saw the bank statements and immediately followed up. FIL's dementia has appeared pretty recently and suddenly. She's in the process right now of taking away his paper checks and setting up automatic bi...
by matonplayer
Mon Mar 02, 2015 2:24 pm
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Re: Father in law possible elder scam victim?

Agreed. My FIL has no recollection of signing these checks - some of them appear to have been written by the handymen and FIL signed them. He clearly has cognitive issues, and frankly can not afford the loss of several thousand dollars. His second wife has a history of loaning money to _anybody_ th...
by matonplayer
Mon Mar 02, 2015 11:48 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Re: Father in law possible elder scam victim?

If they agreed to it, it likely isn't illegal. Sure, report it to the police, but I wouldn't expect them to do much as they typically fill their time with voilent crimes (and traffic tickets). They'll probably just tell you it is a civil matter unless others are reporting something similar about th...
by matonplayer
Mon Mar 02, 2015 10:47 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Re: Father in law possible elder scam victim?

Merely taking a loan, even if the terms aren't favorable to the lender, isn't a scam. I think you're right to be suspicious, but I wouldn't jump to conclusions. You will find that collecting on a loan without written proof that the loan existed can be difficult. You could try to get the borrower to...
by matonplayer
Mon Mar 02, 2015 10:15 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Father in law possible elder scam victim?

my FIL, who is 89, lives with his second wife (79) and his savings are in a trust jointly controlled by he and his eldest daughter (not my wife). We learned this weekend that both my FIL and his wife have been been making "loans" to two local handymen since December, totaling $7K. Nothing ...
by matonplayer
Mon Mar 02, 2015 9:52 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1608

Re: Thinking of getting a Masters in I/O Psychology

How about getting certified in human factors engineering? I have both a Psychology and a CS degree and this field of study is the perfect mix. Check out http://www.humanfactors.com/training/ for training possibilities. Thanks for the link! That appears to be interesting. Is the certification in dem...
by matonplayer
Thu Feb 26, 2015 11:37 am
 
Forum: Personal Consumer Issues
Topic: Thinking of getting a Masters in I/O Psychology
Replies: 20
Views: 1269

Re: Thinking of getting a Masters in I/O Psychology

How about getting certified in human factors engineering? I have both a Psychology and a CS degree and this field of study is the perfect mix. Check out http://www.humanfactors.com/training/ for training possibilities.
by matonplayer
Wed Feb 25, 2015 4:38 pm
 
Forum: Personal Consumer Issues
Topic: Thinking of getting a Masters in I/O Psychology
Replies: 20
Views: 1269

Re: How to report for Tax, Student computer purchase from 52

gasman wrote:Anybody know anyone who has ever been audited on a 529 distribution?


I have. We printed a screenshot of the website at my son's college that showed the tuition payments made and sent it in. That seemed to satisfy the IRS. :)
by matonplayer
Mon Feb 02, 2015 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to report for Tax, Student computer purchase from 529
Replies: 22
Views: 861

Re: Yet another study on why not to buy long term care insur

Why not just buy a SPIA at age 70 or so? That way you have the money coming in for the rest of your life to pay for LTC if you need it, and if you don't need it, you have the money coming in to spend anyway.
by matonplayer
Sun Jan 04, 2015 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet another study on why not to buy long term care insurance
Replies: 61
Views: 4512

Re: How Much Do You Sacrifice?

I play a -lot- of golf. I was willing to retire only when I could afford a membership at a nice country club. It's a priority for me, but to each his own. As far as the alarm system goes, I passed on the alarm system and bought the signs and stickers on eBay. :)
by matonplayer
Wed Dec 31, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: How Much Do You Sacrifice?
Replies: 82
Views: 6639

Re: Would You Trust This Webpage?

Does the page really say "Description For How This Page Is Secure Questions?" A key giveaway to a page that is untrustworthy is bad grammar.
by matonplayer
Tue Dec 30, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would You Trust This Webpage?
Replies: 22
Views: 2214

Re: Do we have enough to retire?

At 100% stock your biggest risk to retirement, as others have stated, is sequence of returns. If the market dropped 50 percent next year, would you still feel as secure about your retirement as you do today? We are also recently retired at 54/56 years of age and have a 40/60 AA primarily to mitigate...
by matonplayer
Mon Dec 29, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to retire?
Replies: 45
Views: 7824

Re: Buying Furniture

Buy the $5000 couch used on Craig's List for $1000.
by matonplayer
Mon Nov 10, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: Buying Furniture
Replies: 27
Views: 2160

Re: Ashley Furniture

+1 for Craig's list. Seems to me like the markup on furniture is outrageous and we've had very good luck buying used on Craig's list, the county virtual swap meet on FB, etc.
by matonplayer
Mon Nov 03, 2014 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3864

Re: *Best town I've never heard of

Hendersonville, NC almost makes all of your criteria. 1/2 hour from Asheville, which isn't quite as big as you want, and 2 hours from Charlotte NC. Scenery to die for, 4 mild seasons. And although it wasn't necessary for us, I believe the public schools are excellent. We move there in a month. :)
by matonplayer
Sat Oct 11, 2014 10:31 am
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 10719

Re: Should my wife continue her life insurance?

All, thanks very much for the replies. Dropping the insurance will offset the cable tv cost. :) Now f I could only get ESPN and the Golf Channel without having to sign up for cable...
by matonplayer
Sun Oct 05, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my wife continue her life insurance?
Replies: 6
Views: 1206

Re: Should my wife continue her life insurance?

Just saw that her premium almost doubles on her birthday this year. :(.
by matonplayer
Fri Oct 03, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my wife continue her life insurance?
Replies: 6
Views: 1206

Should my wife continue her life insurance?

My wife retires this month, with a pension of approximately $30K per year. If she dies before me, I will receive approximately 1/2 of her pension. She currently holds a $300K life insurance policy, my original idea being that if she dies before me the $300K would offset the loss of the 1/2 pension. ...
by matonplayer
Fri Oct 03, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my wife continue her life insurance?
Replies: 6
Views: 1206

Re: What SWR/expense multiple to use for early retirement pl

As you have a collection of bonds so the yield change as a percentage is smaller but over time your yield will drift down (until it changes direction and goes back up). Randomguy, we've been in retirement for 12 years now, with a 50% stock/50% bond portfolio and taking our 2.5% annual withdrawals f...
by matonplayer
Thu Oct 02, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3553

Re: Anybody manage a rental property long distance?

Thanks for all the responses. My neighbors will hate me :) but I think reducing the price is the way to go. We'll probably give it another week or so at this price and then start reducing it.
by matonplayer
Sun Sep 28, 2014 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Anybody manage a rental property long distance?
Replies: 13
Views: 920

Re: Anybody manage a rental property long distance?

There's no doubt I could sell it tomorrow if I slashed the price by 50%. :). The house seems to be fairly priced compared to others nearby, but I have a feeling that none of them are selling either. That said, we've had two couples in the past month that were very interested, but didn't pull the tri...
by matonplayer
Sat Sep 27, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody manage a rental property long distance?
Replies: 13
Views: 920

Anybody manage a rental property long distance?

Here's my situation. I'm early retired and my wife retires next month. We live in Maryland but we're moving to North Carolina in November. We have yet to sell our house here in Maryland, although it's been on the market for four months. Our house is on the expensive side so the pool of buyers is som...
by matonplayer
Sat Sep 27, 2014 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody manage a rental property long distance?
Replies: 13
Views: 920

Re: Jack and Jill Bathroom a problem?

I wouldn't think it would affect the resale value, but from a practical standpoint, I think they're pretty bad. Our two teenage boys shared one and they would lock the other one's door and then forget to unlock it when they were done, so the other one couldn't get in. :)
by matonplayer
Wed Sep 24, 2014 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Jack and Jill Bathroom a problem?
Replies: 18
Views: 2165

Re: What to do with an older car?

interesting. why remove plates? Let's say the new owner keeps the plates. They go rob a bank. Those plates are tied to your name. You don't need that hassle. Also, remember that there are red light cameras and speed cameras and you don't want those tickets. Also, you and I have registered our cars....
by matonplayer
Wed Sep 24, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: What to do with an older car?
Replies: 22
Views: 1487

Re: What to do with an older car?

wageoghe wrote:Contact the OP in this thread. Maybe he'd like to buy it.

viewtopic.php?f=11&t=147406


I just PMed them. Thanks for the link!
by matonplayer
Tue Sep 23, 2014 7:27 pm
 
Forum: Personal Consumer Issues
Topic: What to do with an older car?
Replies: 22
Views: 1487

What to do with an older car?

I have a 1997 Honda Accord with 225K miles that I need to get rid of. I hate the idea of giving it away to a junk dealer because the car runs great and the interior is nice and clean. But it has some minor body issues - my son skidded on a turn a while back and hit a concrete wall with the front rig...
by matonplayer
Tue Sep 23, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: What to do with an older car?
Replies: 22
Views: 1487

Re: 3.0% 8 year non-callable CD - opinions?

Now I have non-buyer's remorse. :)
by matonplayer
Mon Sep 15, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.0% 8 year non-callable CD - opinions?
Replies: 6
Views: 789

Re: 3.0% 8 year non-callable CD - opinions?

I'm looking at it now on the TDAmeritrade CD center. One has more than a week to buy this thing. I personally would not buy it. I would be happy instead to take my chances with an intermediate-term bond fund over that time span. Let's see what Janet Yellen says this week, too. Can't say I disagree.
by matonplayer
Mon Sep 15, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.0% 8 year non-callable CD - opinions?
Replies: 6
Views: 789

3.0% 8 year non-callable CD - opinions?

I got a ping from TD Ameritrade saying they were offering an FDIC insured CD through GE Capital - an 8 year CD at 3%. Noncallable. The duration is a little longer than I would like but it still seems like a decent deal. What do others think?
by matonplayer
Mon Sep 15, 2014 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.0% 8 year non-callable CD - opinions?
Replies: 6
Views: 789

Re: My early 30's Ameriprise portfolio

My high level feedback is that you're getting killed in expenses. No reason to have as many funds or to have funds with such high expense ratios.
by matonplayer
Tue Sep 02, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio - UPDATE
Replies: 45
Views: 5161

Re: Anyone live in The Cliffs in NC?

We decided we wanted to retire to the western NC area last year. We looked at several communities in the area, including the Cliffs. We found our dream location at Champion Hills (http://www.championhills.com). More house for the money, golf course is ranked #11 in the state. People are so friendly ...
by matonplayer
Sat May 17, 2014 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Anyone live in The Cliffs in NC?
Replies: 9
Views: 1541

Re: Can I be a boglehead and join a golf club?

For avid golfers, there are great bennies to being a club member. Pace of play is typically faster, so you're not taking the entire day to play 18 holes. You're frequently treated better by the staff at a club than at your local muni. There are events all the time happening at a club - tournaments, ...
by matonplayer
Sat May 17, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4825

Re: Lawyer recommends trust

Maybe I'm the crazy one, but everything that my wife and I have are in each other's name, and we're the beneficiaries of each other's 401(k). What are the odds of our both dying at the same time? That's kept me from going down the trust route. But I'm open to options or to contrary opinions. We have...
by matonplayer
Sat May 17, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer recommends trust
Replies: 81
Views: 5590

Re: Secondary Market Annuities

I'm considering purchasing a secondary market annuity that would get us to age 70. Matonplayer: This could be a very big mistake. Jason Zweig, respected columnist for the Wall Street Journal , explains: Another Can't-Miss Deal That Can Miss Spectacularly Best wishes. Taylor Taylor, thanks. This art...
by matonplayer
Tue Apr 08, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3571

Re: What next after you have enough sort of.

People may think if it as a mental accounting trick but after thinking long and hard on this topic it seemed to me I am looking at 2 distinct phases pre and post SS and pension. To plan for post SS and pension which is about 14 years away I can take X dollars and a say 65/35 AA and let things run t...
by matonplayer
Tue Apr 08, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3571

Re: New callable CD offering

I don't like callable CD's. From the bank's standpoint, it's heads I win, tails you lose. If rates decrease, stay the same, or only increase slightly, they will call the CD - and they win (by being able to loan-out money at a lower rate). If rates increase significantly, they will not call the CD, ...
by matonplayer
Wed Mar 12, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1566

Re: New callable CD offering

I suppose that from my limited understanding, those sound almost too good to be true. A 9% 15-year CD? Bond-like risk or not, that's nuts. If they call it, you avoid the downside of duration risk anyhow. Hopefully, someone with more understanding will chime in and explain why this product exists, g...
by matonplayer
Wed Mar 12, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1566

Re: New callable CD offering

kenyan wrote:Are those brokered CDs?


They're being issued by Goldman Sachs and purchased through TD Ameritrade, so I guess you would consider them brokered. But they're new issues and the price is $100 so I doesn't appear that TDA is taking any fee off the top.
by matonplayer
Wed Mar 12, 2014 9:51 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1566

New callable CD offering

I just got a ping from TD Ameritrade, where I have most of my investments. They're offering a callable step up CD at 3.25% till 03/26/2021, 3.50% till 03/26/2024, 4.00% till 03/26/2027, 5.00% till 03/26/2028, 7.00% till 09/26/2028, 9.00% till 03/26/2029. Callable March 26, 2015, semiannually thereaf...
by matonplayer
Wed Mar 12, 2014 9:38 am
 
Forum: Investing - Theory, News & General
Topic: New callable CD offering
Replies: 18
Views: 1566

Re: Please help with FERS retirement calculation

At what agency does your wife work? Being a GS-15 at age 36 is almost unheard of at the agencies with which I'm familiar, unless she as a very specialized skill (lawyer, doctor, etc).
by matonplayer
Sun Mar 02, 2014 7:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help with FERS retirement calculation
Replies: 19
Views: 2267

Re: Rebalance and take short term cap gain hit?

abuss368 wrote:Can you rebalance with new funds being added to the accounts?


Later in the year, yes. But not at the present time.
by matonplayer
Mon Feb 24, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 472

Re: Rebalance and take short term cap gain hit?

Thanks to the recent run of equities, I'm at the point where my equity allocation has exceeded my IPS bandwidth limit, and it's time to rebalance into bonds. The problem is, since I've switched to the Bogleheads way of investing fairly recently, if I rebalance now I'd have to sell equities that I'v...
by matonplayer
Mon Feb 24, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 472

Re: Rebalance and take short term cap gain hit?

Unfortunately, no. My tax advantaged account is all bonds. Our tax advantaged space is only about 20% of our total portfolio.
by matonplayer
Mon Feb 24, 2014 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 472

Rebalance and take short term cap gain hit?

Thanks to the recent run of equities, I'm at the point where my equity allocation has exceeded my IPS bandwidth limit, and it's time to rebalance into bonds. The problem is, since I've switched to the Bogleheads way of investing fairly recently, if I rebalance now I'd have to sell equities that I've...
by matonplayer
Mon Feb 24, 2014 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance and take short term cap gain hit?
Replies: 12
Views: 472

Re: Entertainment industry investment "opportunity"

My neice's husband is a partner in a venture capital firm. They recently funded the movie "Robot and Frank" with Susan Sarandon. He said it was fun and a good learning experience but that they'll be lucky to break even.
by matonplayer
Tue Feb 18, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Entertainment industry investment "opportunity"
Replies: 3
Views: 554

Re: How much financial support should you give your kids?

From millionaire next door.... "Economic Outpatient Care (EOC) is a term used to express when an affluent parent provides money to an adult child. Besides offspring observations resulting in UAW children, EOC is a contributing factor to the passing on of the UAW belief. Offspring who receive E...
by matonplayer
Sun Feb 02, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3411

Re: How much financial support should you give your kids?

I like the idea of waiting until they're 30 or so to give them a chunk of cash - but do you tell them ahead of time that they'll be getting it?
by matonplayer
Sun Feb 02, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3411

Re: How much financial support should you give your kids?

I would also disagree with the statement about many smaller gifts, I think that a big one-time gift is less likely to be spent away. 3-5 thousand is "now I can afford ____" money, while 100 thousand is "I can really do something big" money, in my mind. Well, if OP gives them $10...
by matonplayer
Sun Feb 02, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3411
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