Search found 556 matches

by 2beachcombers
Sun Nov 20, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: roth allocation [very long time frame]
Replies: 7
Views: 735

Re: roth allocation [very long time frame]

We are 100% US equities in Roths and have been for 10 yrs(same plan as yours for our kids).--VBR, FSSVX, FLCHX,FSTVX 60% Foreign EtFs in Brokerage and 40% US equities Bonds, REIT in IRA :sharebeer AA 70% equities overall, Bernstein IDA adjusted to 70% AA=56% if pension considered AA= 42% if SS consi...
by 2beachcombers
Sat Nov 12, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Asset Allocation for 30/yo's
Replies: 1
Views: 338

Re: Asset Allocation for 30/yo's

I was 100% equities for 40 years ; 80% for 10 yrs and now 70% in retirement.

Would recommend 80% if you can't just let it ride.

jerry
by 2beachcombers
Tue Oct 25, 2016 3:12 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

I just hung up on TurboTax after verifying they did it again.--Schd D is not in Delux-----AGAIN!!!!. :shock: I can't believe they did it again--I will look elsewhere after being a TT customer for 18 yrs :oops: We need an Icon for someone shooting themselves in the head. I guess they are in a downsi...
by 2beachcombers
Tue Oct 25, 2016 3:10 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices. UNBELIEVEABLE--TALKED TO THE SAME CSR--AND IN FACT 2016 WILL BE THE SAME AS 2015 FOR THE DESKTOP VERSION. HE HAD NO IDEA ! Correct...
by 2beachcombers
Mon Oct 24, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

One option for dealing with anger and frustration over this is to simply pony up for Premier, but then share it among several friends. When I feel a company treats me fairly, I have no desire to rip them off (e.g. netflix); when they don't, I have no compunctions about doing so. i thought about tha...
by 2beachcombers
Mon Oct 24, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

Is TurboTax 2016 even available? The posts I saw it always comes out around Nov.10-15 TT availalable on Nov 24, I am in a special situation where I need to understand my total tax obligation for 2016 (traveling Nov 10-22 and Dec 1- Dec 22 and must determined how much to declare as tax on my MRD wit...
by 2beachcombers
Mon Oct 24, 2016 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

Used TurboTax forever, but then dropped them when their marketing priced Deluxe higher and eliminated schedule D. Didn't matter that they then offered to upgrade to Premier for no extra charge, since they had tried pulling a similar bait-and-switch in the past. Now that I've used H&R for the la...
by 2beachcombers
Mon Oct 24, 2016 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

2015 I downloaded TurboTax deluxe. It had Schedule D, and did imports from Vanguard and Morgan Stanley. I just now brought it up, and verified, it is indeed deluxe. They do talk about "additional help" with premier, but I needed no additional help. Will probably go with TT deluxe again if...
by 2beachcombers
Mon Oct 24, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

furwut wrote:After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices.



UNBELIEVEABLE--TALKED TO THE SAME CSR--AND IN FACT 2016 WILL BE THE SAME AS 2015 FOR THE DESKTOP VERSION. HE HAD NO IDEA !
by 2beachcombers
Mon Oct 24, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

A lot of people have given TaxAct favorable reviews and it is significantly less expensive than TurboTax. I need to create 1041s for some trusts where I'm the trustee, and the TaxAct program that handles estates and trusts is also much cheaper than the TurboTax Business program. TaxAct says that it...
by 2beachcombers
Mon Oct 24, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

cadreamer2015 wrote:After more than 20 years with TurboTax I'm trying TaxAct this year. I've already preordered the download, thanks to a link on this board.


Why did you choose taxact? And does it have the forms switch to inputs?
by 2beachcombers
Mon Oct 24, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

Re: TurboTax 2016--Schd D repeat

After more than 20 years with TurboTax I'm trying TaxAct this year. I've already preordered the download, thanks to a link on this board. If you have a lot of transactions, accounts that accrued interest, etc it really helps to have a program that can automatically pull 1099s and other documents fr...
by 2beachcombers
Mon Oct 24, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1683

[TurboTax 2016--Schd D not included in online version (desktop only)]

I just hung up on TurboTax after verifying they did it again.--Schd D is not in Delux-----AGAIN!!!!. :shock: I can't believe they did it again--I will look elsewhere after being a TT customer for 18 yrs :oops: We need an Icon for someone shooting themselves in the head. I guess they are in a downsiz...
by 2beachcombers
Fri Sep 02, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 12912

Re: Ric Edelman's The Truth about Retirement on PBS

NO CAR PAYMENT--26 YRS
NO MORGAGE--17 YRS
NO ADIVSOR----12 YRS
SIMPLE PORTFOLIO :idea:
by 2beachcombers
Sun Aug 28, 2016 7:55 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 7660

Re: Retirees Saying No To The Market

I tried for years to get my mother in law to invest in the market. When she went to a nursing home in 2006, she had about 15 laddered CDs. Then 2008, and I was very happy she didn't listen to me :oops:

jerry
by 2beachcombers
Fri Aug 26, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Recommends Stocks in Taxable; Bonds in Tax-advantage accounts
Replies: 29
Views: 3890

Re: Vanguard Recommends Stocks in Taxable; Bonds in Tax-advantage accounts

Patrick: One thing nearly all mathematicians ignore when figuring safe withdrawal rates is that cap-gains in taxable accounts are tax-free at death. This is another reason why stocks are usually better suited for taxable accounts. My living expenses (after pension, social security and 2 SPIA annuit...
by 2beachcombers
Wed Aug 24, 2016 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Mother's investments
Replies: 9
Views: 768

Re: Help with my Mother's investments

It might wise to check out a SPIA annuity with only $196500 in funds. 120k will get her about $700 a month. That still leave her with $76k to invest in a very conservative low cost fund or just put it in CDs. Most likely her disability is cola so only 30% of her income is exposed to inflation. She ...
by 2beachcombers
Tue Aug 23, 2016 7:29 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5462

Re: High RMD’s, would you do anything different?

...The result of my evaluation was to liquidate all munis in my taxable account and go to 100% bonds in the IRA... I toyed with that idea, but didn't like the idea of moving my tax-free income to where it eventually would be taxed as ordinary income, or replacing my munis with other types of bonds....
by 2beachcombers
Mon Aug 22, 2016 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Jerry, Thanks for doing running the numbers. I remember it was worse for me with state tax of CA when I did the same analysis few months ago. Distributions--------------------------- 264---- 250------ 239----- 266---- 206---- 259 How is this line calculated? Distributions for 1K of money? From tric...
by 2beachcombers
Mon Aug 22, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5462

Re: High RMD’s, would you do anything different?

One way to reduce MRDs: My situation is need to reduce MRD to stay in Tax bracket, don't need the income and the taxable account will only take dividends out, with no withdrawals as the taxable account will pass to my heirs or charity. I have a work in progress to evaluate (over the life of an IRA)(...
by 2beachcombers
Sun Aug 21, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

triceratop--good find--had a copy error in my spreadsheet. Rechecking the entire sheet. :beer

calc now is 0.144* 222= 37.81 and total cost =0.686. Also edited my post.
by 2beachcombers
Sun Aug 21, 2016 8:32 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Personal Tax Information Federal Marginal Tax Rate-- 0.25 QDI Tax Rate----------------- 0.15 Ga State ------------------------- 0 VEA --IEFA--- FSIVX--- ITOT- FSTVX---- EFV 0.09-- 0.12-- 0.08 --- 0.03--- 0.045---- 0.4-------er 1.07-- 1.55-- 1.02--- 1.87---- 1.154--- 1.82-----Div 0.00-- 0.00-- 0.00-...
by 2beachcombers
Sun Aug 21, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable
Replies: 150
Views: 10122

Re: Bonds in Taxable

gilgamesh wrote: " Incidentally, I think Kitces uses sloppy terminology, using "brokerage account" as a synonym for tax-free account, and sometimes using "IRA" as a synonym for traditional IRA. I have traditional IRA brokerage accounts, and I have Roth IRAs." Brokerage ...
by 2beachcombers
Sun Aug 21, 2016 7:45 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5462

Re: High RMD’s, would you do anything different?

...Postponing the age you start taking social security can also backfire if it bumps you into higher tax/surcharge brackets... It sounds like you are letting the tail (taxes) wag the dog (available retirement income). I certainly wouldn't discount the increase in SS benefits for you (and potentiall...
by 2beachcombers
Sat Aug 20, 2016 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

:oops: David, thanks--this left handed dyslectic apologizes for you have to fix my mistakes, but thankful that you do. :beer will fix my original reply and also one in triceratops cost analysis thread. edit for mistake--and i will go back and check inputs the 3rd time. An important mathematical tec...
by 2beachcombers
Sat Aug 20, 2016 9:23 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5462

Re: High RMD’s, would you do anything different?

An additional factor to consider is higher Medicare premiums as your income exceeds certain thresholds. Since those thresholds are not adjusted for inflation, every year more taxpayers will pay higher premiums. +1 And the 170k income threshold does not get increased by inflation(and 2020 will be mo...
by 2beachcombers
Sat Aug 20, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Personal Tax Information Federal Marginal Tax Rate-- 0.25 QDI Tax Rate----------------- 0.15 Ga State ------------------------- 0 VEA --IEFA--- FSIVX--- ITOT- FSTVX---- EFV 0.09-- 0.12-- 0.08 --- 0.03--- 0.045---- 0.4-------er 1.07-- 1.55-- 1.02--- 1.87---- 1.154--- 1.82-----Div 0.00-- 0.00-- 0.00-...
by 2beachcombers
Sat Aug 20, 2016 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

The following is a sample of my cost analysis using ticeratop's method(25% tax bracket 0 state tax) Ticker---------------------------------- VXUS--- IEMG --- FPMAX--- VWO--- scz--- VSS Expense Ratio-------------------------- 0.13--- 0.16 --- 0.14----- 0.15--- 0.4--- 0.17 Dividend Distribution/share...
by 2beachcombers
Sat Aug 20, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Jerry, Whats missing is the QDI ratio. For vxus(international) that is close to 75%+. Emerging markets it is around 50%. IEMG dividend yield seems very low compared to VWO though here are the QDIs for2015: -----------------------------VXUS--- IEMG--- FPMAX--- VWO--- scz--- VSS----- VTI--- VBR--- IJ...
by 2beachcombers
Sat Aug 20, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Your Roth IRA should hold the least tax-efficient positions in your portfolio. It's fine to split a holding between the IRA and taxable if you run out of room. I would suggest keeping VWO (Emerging Markets) entirely in the IRA if you have room. It has a fairly high dividend yield, and fewer qualifi...
by 2beachcombers
Sat Aug 20, 2016 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

The following is a sample of my cost analysis using ticeratop's method(25% tax bracket 0 state tax) Ticker---------------------------------- VXUS--- IEMG --- FPMAX--- VWO--- scz--- VSS Expense Ratio-------------------------- 0.13--- 0.16 --- 0.14----- 0.15--- 0.4--- 0.17 Dividend Distribution/share...
by 2beachcombers
Sat Aug 20, 2016 8:49 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5462

Re: High RMD’s, would you do anything different?

OP here. Although I have $1.2M now in tax-deferred at 52, I am hoping that at age 70 even if I put nothing in, it will grow to $2.5M at least. But still, based on the responses, it does not appear to be an issue with high taxes due to RMD's. I will continue to contribute to our tax-deferred account...
by 2beachcombers
Sat Aug 20, 2016 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Your Roth IRA should hold the least tax-efficient positions in your portfolio. It's fine to split a holding between the IRA and taxable if you run out of room. I would suggest keeping VWO (Emerging Markets) entirely in the IRA if you have room. It has a fairly high dividend yield, and fewer qualifi...
by 2beachcombers
Sat Aug 20, 2016 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Jerry, Whats missing is the QDI ratio. For vxus(international) that is close to 75%+. Emerging markets it is around 50%. IEMG dividend yield seems very low compared to VWO though here are the QDIs for2015: -----------------------------VXUS--- IEMG--- FPMAX--- VWO--- scz--- VSS----- VTI--- VBR--- IJ...
by 2beachcombers
Fri Aug 19, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

Your Roth IRA should hold the least tax-efficient positions in your portfolio. It's fine to split a holding between the IRA and taxable if you run out of room. I would suggest keeping VWO (Emerging Markets) entirely in the IRA if you have room. It has a fairly high dividend yield, and fewer qualifi...
by 2beachcombers
Fri Aug 19, 2016 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tilter's
Replies: 18
Views: 1294

Re: Tilter's

duplicate--deleted
by 2beachcombers
Sun Aug 14, 2016 5:13 pm
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

:oops: Did someone take the football while I was kicking? triceratop-Am i in the correct thread? :confused

jerry
by 2beachcombers
Sun Aug 14, 2016 12:45 pm
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Personal Tax Information Federal Marginal Tax Rate-- 0.25 QDI Tax Rate----------------- 0.15 Ga State ------------------------- 0 VEA --IEFA--- FSIVX--- ITOT- FSTVX---- EFV 0.09-- 0.12-- 0.08 --- 0.03--- 0.045---- 0.4-------er 1.07-- 1.55-- 1.02--- 1.87---- 1.154--- 1.82-----Div 0.00-- 0.00-- 0.00--...
by 2beachcombers
Sun Aug 14, 2016 10:46 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Ticker--------------------------------------VEA----EFA-- FSIVX- ITOT- FSTVX Expense Ratio-----------------------------0.09-- 0.12-- 0.08-- 0.03-- 0.045 Div--------------------=--------------------1.07-- 1.55-- 0.06-- 1.87-- 1.154 FSIVX paid $0.06 per share in April 2016. but $0.97 per share in Dece...
by 2beachcombers
Sun Aug 14, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Ticker--------------------------------------VEA----EFA-- FSIVX- ITOT- FSTVX Expense Ratio-----------------------------0.09-- 0.12-- 0.08-- 0.03-- 0.045 Div--------------------=--------------------1.07-- 1.55-- 0.06-- 1.87-- 1.154 FSIVX paid $0.06 per share in April 2016. but $0.97 per share in Dece...
by 2beachcombers
Sun Aug 14, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Ticker--------------------------------------VEA----EFA-- FSIVX- ITOT- FSTVX Expense Ratio-----------------------------0.09-- 0.12-- 0.08-- 0.03-- 0.045 Div--------------------=--------------------1.07-- 1.55-- 0.06-- 1.87-- 1.154 FSIVX paid $0.06 per share in April 2016. but $0.97 per share in Dece...
by 2beachcombers
Sat Aug 13, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 82
Views: 6642

Re: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)

Triceratop--great work--thanks. Triceratop and FiDO folks; I have downloaded the google spread sheet and calculated multiple ishares(TLH pairs) and several Fidelity mutual funds. If someone can tell me how to copy/paste my excel spread sheet, I will add to this post or start a new one? (below is a s...
by 2beachcombers
Sun Jul 10, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 118
Views: 7371

Re: What is your overall portfolio weighted expense ratio

0.1% Retired w/ 30% munis (VTEB er = 12bp)
by 2beachcombers
Mon Jul 04, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 12 — The Societal Risk Premium
Replies: 21
Views: 2227

Re: Classic Bernstein 12 — The Societal Risk Premium

I really appreciate all the work you have done putting these together. I have learned a lot from them. I think this particular point has to include Dr Bernstein made (I believe although I really do not want to misquote him especially as he may be reading this) that living in a low risk environment ...
by 2beachcombers
Mon Jul 04, 2016 9:57 am
Forum: Investing - Theory, News & General
Topic: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
Replies: 52
Views: 7260

Re: Your Questions for the Experts Panel Q&A @ Bogleheads Conference

I would like the panels opinions on the book "Makers and Takers" by Rana Fooroohar, and the article in the Time magazine summarizing her book. I found it quite interesting wrt the impact to markets; Main Street Credit Crunch; our slowing economy; IPO numbers decreasing; and specifically wi...
by 2beachcombers
Wed Jun 29, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Actionable advice in a Brexit scenario
Replies: 162
Views: 17442

Re: Actionable advice in a Brexit scenario

Was on vacation the last two weeks--Did something happen? My accounts haven't moved :P
by 2beachcombers
Tue Jun 21, 2016 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: 3 days in moab in august
Replies: 20
Views: 2090

Re: 3 days in moab in august

I really like the "Island in the Sky" portion of Canyonlands NP, drive out to the end of the plateau and view the expanse of the two canyons (Colorado and Green rivers) as they come together. If you have something with a bit of ground clearance (Prius need not apply), you can drive Shafer...
by 2beachcombers
Sun May 29, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: 84 Year Old Aunt selling small farm
Replies: 26
Views: 2639

Re: 84 Year Old Aunt selling small farm

I might have missed it but one thing that I have not seen mentioned is that is is possible to buy a home with a reverse mortgage so that other than a largish down payment then she would not have any ongoing mortgage payments. There are lots of pros and cons but reverse mortgages were revised about ...
by 2beachcombers
Sun May 29, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: 84 Year Old Aunt selling small farm
Replies: 26
Views: 2639

Re: 84 Year Old Aunt selling small farm

Even though you have an attorney in the family, it may be worth it to spend an hour with an Eldercare Attorney. While $100,000 a year may be enough for nursing facility now, it might not in 10 years. If her spending habits lean towards "the nicer things" as you suggest, nursing care (faci...
by 2beachcombers
Sat May 28, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: 84 Year Old Aunt selling small farm
Replies: 26
Views: 2639

Re: 84 Year Old Aunt selling small farm

Potential Sibling negative - Mom stops paying rent, sibling can't cover the mortgage payment and can't (won't) evict Mom That may happen but the siblings can cover the mortgage--actually I would recommend they sell the house and take a great vacation with the proceeds. Thanks Mom for the vacation w...

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