Search found 75 matches

by MrMojoRisin
Sun Jul 16, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Re: Moving stepfather into long term care facility. Need advice.

Well the best laid plans of mice and men..... Mom called me today and said no way she is putting her husband into a long term facility, she can take care of him just fine, thank you. This is the second time Mom has stopped action on her husbands behalf. On the POA forms she is listed first with myse...
by MrMojoRisin
Fri Jul 14, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Re: Moving stepfather into long term care facility. Need advice.

Run don't walk to an elder care attorney who knows the Medicaid rules in and out. Also if he is a veteran he may be eligible for the VA aid and attendance program which can provide almost $2,000/month. You can pay for the attorney from his funds and you should be compensated for your time because n...
by MrMojoRisin
Fri Jul 14, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Re: Moving stepfather into long term care facility. Need advice.

You are taking on a difficult and stressful task, and I commend you for it. There is always a need for someone to step up, and it's not always a fair process to assign that responsibility. Thank you . First, triage is your friend - - ignore the problems too small to matter - ignore the problems too...
by MrMojoRisin
Thu Jul 13, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Re: Moving stepfather into long term care facility. Need advice.

What does his LTC insurance pay per day? $124.00 per day after 100 day exclusion How long will that last at the facility? Hopefully with SS, Pension and LTC he can make it about 4 years or so Around here, memory care would be around $7,000/month, but that varies widely. How much of the difference do...
by MrMojoRisin
Thu Jul 13, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Re: Moving stepfather into long term care facility. Need advice.

However, I do have one question: Is the long term care facility a memory care facility? There can be great differences between the abilities of different facilities to care for a person with Alzheimer's, and the ideal would be a memory care facility that offered different levels of memory care. Yes...
by MrMojoRisin
Thu Jul 13, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1771

Moving stepfather into long term care facility. Need advice.

Not sure if I am writing this for therapeutical reasons or whatever but here goes. My mother remarried late in life to a gentleman that had led a very successful career in the insurance industry but was pretty much wiped out when AIG went [out of business --admin LadyGeek] . He is 87 and she is 83. ...
by MrMojoRisin
Thu Jul 13, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Cheap eggs... how bad?
Replies: 77
Views: 5343

Re: Cheap eggs... how bad?

To tell if eggs are fresh or not put them in water. Eggs that float are not good. Eggs that sink are good. Eggs that group together and form their own forum are exceptional. If you can find eggs raised local by mom and pop places the difference in the eggs is like the difference between American che...
by MrMojoRisin
Mon Jul 10, 2017 9:48 pm
Forum: Personal Consumer Issues
Topic: Family member fleecing Alzheimers victim
Replies: 26
Views: 4677

Re: Family member fleecing Alzheimers victim

Other things for you to focus on. - How separate are your mother and step father's finances? Is this a joint credit card, or just in his name? Does he have money in his own name for custodial care? Do they have separate investment accounts? - How is their home titled? - How about income? Has your m...
by MrMojoRisin
Sun Jul 09, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Family member fleecing Alzheimers victim
Replies: 26
Views: 4677

Family member fleecing Alzheimers victim

My Step father is in the early to mid stage of Alzheimers and we are in the process of placing him into a Memory Care center. I got a call from my mother that my stepfathers credit cards had been compromised and they had stopped payment on several charges. Come to find out his son, who was loaned th...
by MrMojoRisin
Mon May 29, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio for retirement
Replies: 14
Views: 1668

Re: All Weather Portfolio for retirement

I do appreciate the feed back.... The calculators will take some time for me to figure out, thanks for the link and I have bookmarked them. The funds for the accounts will come from employee sponsored tax deferred plans. The numbers are from a book I was given by a CFP whom my wife and I have consul...
by MrMojoRisin
Mon May 29, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio for retirement
Replies: 14
Views: 1668

Re: All Weather Portfolio for retirement

radiowave wrote:One other thing to consider is complexity. Do you want to manage 5 different funds when you are in your 70's and 80's?


That's a good point. I would assume I would set the rebalance to be done automatically with Vanguard.
by MrMojoRisin
Mon May 29, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio for retirement
Replies: 14
Views: 1668

Re: All Weather Portfolio for retirement

Thanks for the replies and insights....

Had to Google it a bit butfound a website not related to the SSA that explains how they calculate and what to look for in your earnings records to figure out if stopping work early would cause a reduction in benefits.
by MrMojoRisin
Mon May 29, 2017 7:08 am
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio for retirement
Replies: 14
Views: 1668

Re: All Weather Portfolio for retirement

The author of this "All Weather" is not Dalio and I too have concerns about the heavy balance towards Equities.
Maybe some more research is warranted.
by MrMojoRisin
Mon May 29, 2017 6:16 am
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio for retirement
Replies: 14
Views: 1668

All Weather Portfolio for retirement

My wife and I are looking at early retirement when I am 58 and she is 57. There is a portfolio named the All Weather Portfolio (there are actually a couple by this name, no resemblance to each other) that we are considering. The distribution is: 30% intermediate bonds 23% Large Cap Value 12% Large C...
by MrMojoRisin
Mon May 22, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over a Roth IRA.
Replies: 2
Views: 306

Rolling over a Roth IRA.

When I roll over a Roth IRA from one company to another, does that reset the five year rule?
by MrMojoRisin
Tue Jan 10, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

One of the things I don't under stand is "Draw Down" rate. Using an online Portfolio Backtest program I can plug the ticker symbols, percent of mix, starting balance, rebalance period and other information into the test form. I can select Monte Carlo as well and historical time span I wish...
by MrMojoRisin
Sun Jan 08, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

Thank you.....
by MrMojoRisin
Sun Jan 08, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

I seem to remember there was a spread sheet based on Vanguard mutual funds that had their performance since inception in its data base. You could plug any value into any year and see how the investment would have performed. Can anyone direct me to this spread sheet?
by MrMojoRisin
Sun Jan 08, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

"Economic forecasting exists to make astrology look respectable." John Kenneth Galbraith
by MrMojoRisin
Sun Jan 08, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

I consider myself a nervous planner. I like for my plans and thinking to be looked at once a year by a CFP to confirm that I am on track to my goals and that I'm evaluating my mortgage/investments/spending correctly. I found a CFP in my town who is very informed on my companies 401K and pension pla...
by MrMojoRisin
Sun Jan 08, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

I don't see where a CFP adds any value whatsoever for investing. Let me modify that....if you can't leave your investments alone and constantly buy/sell based on news from clowns who blog for a living, then you need someone to stop you. Perhaps change your online password to some random letters and...
by MrMojoRisin
Sun Jan 08, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

It sounds like you want periodic advice, not ongoing advice of a CFP AUM arrangement. Getting a review by a Vanguard adviser may be worth doing. You can also do this at other points you want advice. Alternatively, you could pay Vanguard .3% per year to manage your portfolio. The difference for Vang...
by MrMojoRisin
Sun Jan 08, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

Does the CFP offer advice on how to draw down assets during retirement in the most tax advantageous way? I'm confident in how I've set up my assets/investments during the accumulation phase, thanks in no small part to this site. My concern is how to withdraw those assets in the most efficient way. ...
by MrMojoRisin
Sun Jan 08, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

When you buy a truck or car, do you negotiate on the price or do you take the first offer by the sales person? Have you tried to negotiate their services for a flat fee such as $3,000 a year no matter what the size of your portfolio? This thought had crossed my mind. Pay him to set things up where ...
by MrMojoRisin
Sun Jan 08, 2017 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

That doesn't sound to bad, while the 1% is more than I can handle at my present size it depends on how much active maintenance you want to do over the rest of your life? How much do you have to invest right now? Outside of employers sponsored plans my wife and I have about 175K with Vanguard. Inves...
by MrMojoRisin
Sun Jan 08, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Re: Considering the services of a CFP

Did the advisor say you could safely withdraw 5.7%, or did you tell him that's what you wanted to do? Does the 5.7% include the 1% advisory fee and other costs like taxes? Paul The 5.7 came from the book which was written by the founder/owner of the business and he is still involved in the business...
by MrMojoRisin
Sat Jan 07, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2491

Considering the services of a CFP

I joined the forum sometime back when I decided to part ways with Amerprise. Through the kind efforts of members of this board my wife and I arranged our investments in a way that is benefiting us much better. However I recognize that I am still pretty much a novice and while I find the topic of inv...
by MrMojoRisin
Sun Feb 28, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Dusty House
Replies: 20
Views: 2553

Re: Dusty House

Check the return duct work for you HVAC, this is the duct the moves the air from the house to the suction side of the the fan. Tape all joints with duct tape. I had good luck using 3M brand Filtrete brand air filters and some some spray filter pre-treatment. Makes the filters tacky. My daughter is s...
by MrMojoRisin
Sun Feb 28, 2016 10:05 pm
Forum: Personal Consumer Issues
Topic: Camping & "Adventure" Gear for a 3 year old
Replies: 34
Views: 2131

Re: Camping & "Adventure" Gear for a 3 year old

Go to an Army/Navy Surplus or online and purchase a mess kit with flatware that snaps together. The best mess kit is the large oval shape one with a two partition lid. When you put the lid on the handle of the pan snaps over the lid to hold everything together. This was the type used by American sol...
by MrMojoRisin
Thu Feb 18, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for auto insurance, Ameriprise dropped me
Replies: 17
Views: 1685

Re: Looking for auto insurance, Ameriprise dropped me

In anticipation of my homeowners insurance also being increased due to dropping Ameriprise as my FA I have been shopping that around as well. Oklahoma has been hit with some pretty high claim rates due to the tornadoes. So far Allstate has been the least expensive, about 40% less then GEICO. Getting...
by MrMojoRisin
Thu Feb 18, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for auto insurance, Ameriprise dropped me
Replies: 17
Views: 1685

Re: Looking for auto insurance, Ameriprise dropped me

Thanks for all the insight. Contacted Ameriprise and they said the rate hike was due to an increase in premiums for my state but also they had dropped the discount I was getting from them for using them as a FA. I contacted Allstate, Farmers, State Farm, General, Progressive and GEICO. GEICO was bet...
by MrMojoRisin
Wed Feb 17, 2016 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Looking for auto insurance, Ameriprise dropped me
Replies: 17
Views: 1685

Looking for auto insurance, Ameriprise dropped me

Well since I have switched my investments over from Ameriprise their auto insurance premiums have increased quite a bit. I have an online quote from Progressive that is pretty close to what I have paid Ameriprise in the past. Any of you use Progressive and what is your opinion of them? Does anyone c...
by MrMojoRisin
Sat Feb 06, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Simple financial account tracking spreed sheet needed.
Replies: 5
Views: 600

Re: Simple financial account tracking spreed sheet needed.

Thanks for input! As you can no doubt tell, I'm a real novice but from following the advice so generously offered here I have confidence that our investments are much better situated then they ever have been in the past. Case in point, even with the recent turmoil in the market I never really got th...
by MrMojoRisin
Thu Feb 04, 2016 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Simple financial account tracking spreed sheet needed.
Replies: 5
Views: 600

Re: Simple financial account tracking spreed sheet needed.

I will check that out. :sharebeer
I'm a much better electrician than financial guru.....
by MrMojoRisin
Thu Feb 04, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Simple financial account tracking spreed sheet needed.
Replies: 5
Views: 600

Simple financial account tracking spreed sheet needed.

Hey folks, I am not a gifted person when it comes to creating Excel spreadsheets. What I am looking for is a very simple tracking spreadsheet template. I would like to enter the different mutual funds/accounts that I have and be able to manually update account balances. The spreadsheet would then co...
by MrMojoRisin
Thu Feb 04, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Help Ditching Ameriprise
Replies: 12
Views: 1964

Re: Help Ditching Ameriprise

I have just recently left Amerprise for Vanguard and will share with you how it went for me. I had two accounts, one a Traditional Roll Over IRA from various 401K I had and one Roll Over Roth IRA. I had them transfer in kind those funds that Vanguard was able to accept. American Balanced and some ot...
by MrMojoRisin
Wed Jan 20, 2016 4:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3586
Views: 943304

Re: U.S. stocks in freefall

I bailed in 2008 and the market continued to fall for a bit. However I developed "decisional paralysis" about getting back in. If I had left things alone I would have been better off. My AA must be correct, I'm not logging into a half dozed different sites and moving funds about. This is m...
by MrMojoRisin
Sat Jan 09, 2016 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Advising my son on 401K enrollment, advise wanted.
Replies: 25
Views: 2186

Re: Advising my son on 401K enrollment, advise wanted.

Got kind of a good reward today. His first deduction hit the account and he has money in his 401K now. We was kind of pumped about it. I reviewed his selections and it came from on of the members of this forum. He checked around at work and few of his co workers are taking advantage of the 401K. He'...
by MrMojoRisin
Thu Dec 31, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: Grass Fed Meats Question
Replies: 67
Views: 4245

Re: Grass Fed Meats Question

Not sure where you live but maybe this will help. Go to a "Feed and Seed" store or Grain Co-Op and visit with the owner. A lot of times they can put you in touch with a small rancher or farmer how maybe culling the herd of unwanted calves or heifers that are surplus. I like grass fed over ...
by MrMojoRisin
Sun Dec 13, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

Just to cap it off. My wife has changed her elections in her 414h to the BEQGX with an ER of 0.67 and Guaranteed Income fund (3.5%). Roughly 17/83 She will contribute 6% to the 414h yearly for a total of $8,033.64 Employer contributes 13, 398.00 yearly. She has greatly reduce contributions to the 45...
by MrMojoRisin
Thu Dec 10, 2015 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance HELP! what to pick Term, Whole Life?
Replies: 20
Views: 1783

Re: Life Insurance HELP! what to pick Term, Whole Life?

I tried to find the Quotesmith site but they have changed business models a lot since I used them.

IntelliQuote has two life insurance companies I've used shown on their webpage. There are several other well known companies along with them.

Give that a shot.
by MrMojoRisin
Thu Dec 10, 2015 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance HELP! what to pick Term, Whole Life?
Replies: 20
Views: 1783

Re: Life Insurance HELP! what to pick Term, Whole Life?

When we purchased life insurance 20 years ago or more the wisdom at that time was buy term life. The argument made against whole life was that it was just a way for insurance companies to raise money for their investment purposes. I was of the thought that insurance was for one purpose: protect thos...
by MrMojoRisin
Thu Dec 10, 2015 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

Two observations: 1. You have your EF at betterment. What is it invested in Betterment? I personally would not invest my EF in market but would rather have it in a high yield savings account. We actually have our 90% of our EF in Ally Bank.....formally known as GMAC. The funds we have at Betterment...
by MrMojoRisin
Thu Dec 10, 2015 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

One further question. Would I be better served by rolling the 457 account over to Vanguard as a Traditional Roll Over IRA and then just making future contributions to Vanguard putting 6500 into a Vanguard Roth and 750 yearly into the Traditional portion of the her new Vanguard account? Never mind. I...
by MrMojoRisin
Thu Dec 10, 2015 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

I made a minor mistake on my roll over IRA from Ameriprise to Vanguard.

105k of that is a tIRA fund.
15K is a Roth tIRA fund.

I will keep the total distribution to my VG as you have outlined, I will just split it between the two accounts.
by MrMojoRisin
Thu Dec 10, 2015 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

I want to thank all of you that took so much of your time to help me with this.

As to the reading list, I'm 2/3 the way thorough "The Bogleheads Heads Guide to Investing" I true cheapskate fashion I purchased it at a used book store.
:sharebeer
by MrMojoRisin
Thu Dec 10, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Tire Road Hazard Protection - OK or Scam?
Replies: 17
Views: 6226

Re: Tire Road Hazard Protection - OK or Scam?

I buy most of my tires at Firestone and always get their RHW. I have had two or three tires replaced over the years, usually for nails in the sidewalls. On my wife's car we bought the RHW and there was so much construction going on I think we were keeping an small rubber plantation in business. That...
by MrMojoRisin
Thu Dec 10, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

I have changed my allocations to put all the bond money into Blackrock.

What would be your recommendation concerning stopping the contributions (pretax) to the 457 account and opening a Roth IRA with Vanguard and contribute to that at the same level?
by MrMojoRisin
Wed Dec 09, 2015 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 50's couple need advice on multiple retiremen accounts.
Replies: 22
Views: 2792

Re: Mid 50's couple need advice on multiple retiremen accounts.

Well I went online with Voya. The FBAIX is listed as a fund I may purchase and I can download the prospectus from their site but when I go to the selections menu it is not offered. I went with 35% on the Blackrock Russell at an ER of 0.28 15% of Blackrock Global at and ER of 0.38 25% with FTBFX bond...

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