Search found 130 matches

by MrMojoRisin
Fri Apr 06, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 9
Views: 1094

Re: Help with Stepfather's annuity

Made a few phone calls and have now come up with a bit of a game plan. On the anniversary date of the annuity I will move it from the 408K SEP annuity it is in now to a Vanguard SEP IRA. Since my SF is at the age where he must make RMD's I am setting up a taxable account as well with Vanguard. The R...
by MrMojoRisin
Mon Apr 02, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Retired Ins. executives opinion on Whole Life Insurance
Replies: 8
Views: 1937

Re: Retired Ins. executives opinion on Whole Life Insurance

One thing to remember was that 30+ years ago when he was likely in the prime of his career as an insurance salesman the other options for investing were so bad and tax rates were so high that at one point whole life insurance might have actually been a reasonable choice for some people. Index funds...
by MrMojoRisin
Thu Mar 29, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 9
Views: 1094

Re: Help with Stepfather's annuity

Ok, Some further research tells me that this is a 408K SEP plan. My stepfather is nearly 88 years old. His situation is that his Long Term Care insurance should start paying for his care at the assisted living center, it will cover all but about $300 a month. His SS and a pension will cover the $300...
by MrMojoRisin
Wed Mar 28, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 9
Views: 1094

Re: Help with Stepfather's annuity

Ok, here is some more information. The cover sheet notes that the "Bill Mode" is SINGLE PREMIUM and the "Billed Amount" at about 225K. The Tax Plan is SEP He has made withdrawals from it from time to time, he can only do that during certain times, from what I understand. He has a balance of 124K lef...
by MrMojoRisin
Tue Mar 27, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Retired Ins. executives opinion on Whole Life Insurance
Replies: 8
Views: 1937

Retired Ins. executives opinion on Whole Life Insurance

Nope, not trying to sell some or buy some. Have no interest in the product at all. However I do have a funny/sad story. My mother remarried late in life to a retired insurance agent who handled large corporate vehicle accounts. The guy is a decent man and since I have known him as generally been gra...
by MrMojoRisin
Sun Mar 25, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 9
Views: 1094

Re: Help with Stepfather's annuity

The cover sheet on the plan describes it as a SEP.
It list an "initial premium" and a "billed amount" which are identical in value and the Bill Mode is listed as "single premium".

I will head on over to the link you provided. Thanks..
by MrMojoRisin
Sun Mar 25, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 9
Views: 1094

Help with Stepfather's annuity

My mother and stepfather have moved to an assisted living center. My SF has dementia and I hold Power of Attorney for him as well as my mother. His niece is a co-POA with me but lives out of state, we communicate frequently and we are in agreement on issues pertaining to her uncle. My mother and I a...
by MrMojoRisin
Sun Mar 25, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Vehicle liability issue
Replies: 5
Views: 488

Re: Vehicle liability issue

cheese_breath wrote:
Sun Mar 25, 2018 10:19 am

Mom still owns the car until the title is registered in someone else's name. The fact that it's in your brother's possession with her permission doesn't change her liabilities.
Yep, what I thought, thanks...
by MrMojoRisin
Sun Mar 25, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Vehicle liability issue
Replies: 5
Views: 488

Vehicle liability issue

My mother and stepfather have moved into an assisted living center and my brother and I are liquidating their assets (with their permission) to place proceeds gained into their bank account. SF has had his drivers license revoked due to health, both cognitive and physical, and mom was finally convin...
by MrMojoRisin
Fri Mar 23, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 88
Views: 6267

Re: What have you baked recently?

My aunt makes a great "German's Chocolate Cake" so I asked for her recipe. The taste was fine but the texture was not as substantial as what she makes. However I did toast the flaked coconut before using it in the frosting and that was a great improvement. Ask her what brand and type of flour she u...
by MrMojoRisin
Tue Mar 20, 2018 11:47 pm
Forum: Personal Consumer Issues
Topic: New Subaru Outback vs. used Volvo XC-70
Replies: 53
Views: 5256

Re: New Subaru Outback vs. used Volvo XC-70

We bought a 2017 Outback Touring last year at 0% financing. First Subie for us. I live in central Oklahoma so snow is not often an issue. I have grown to love the adaptive cruise control and lane watching. I'm a tad over 6' but the seats are comfortable and I like that all seats are heated, even the...
by MrMojoRisin
Tue Mar 20, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2143

Re: Is a Model Release normal for wedding videography?

The venue used was a place with adequate but low lighting. Never once was any fill flash used. My son is ushering my wife done the aisle and due to the lake of fill lighting her eyes are just dark sockets in her face. If this was a religious wedding then the location or officiant may not have allow...
by MrMojoRisin
Tue Mar 20, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 88
Views: 6267

Re: What have you baked recently?

My aunt makes a great "German's Chocolate Cake" so I asked for her recipe. The taste was fine but the texture was not as substantial as what she makes. However I did toast the flaked coconut before using it in the frosting and that was a great improvement.
by MrMojoRisin
Tue Mar 20, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2143

Re: Is a Model Release normal for wedding videography?

My daughter just got married and had a "professional" photographer do it. My wife is an avid photographer and understands the art and science well. The photos that have been released to us are arty but do not show any real technical ability, either with the camera and its setting or in the "lab work...
by MrMojoRisin
Mon Mar 19, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Selling time share "points" for my stepfather
Replies: 12
Views: 1396

Re: Selling time share "points" for my stepfather

My stepfather has 1000 points. Each point is worth $4.00 so he has about $4000.00 of points. Called Marriott and have been able to find out from them that he still owes $3000.00 on the financing of this package. He also owes $811.00 now for the maintenance. Thanks to the links provided above I have ...
by MrMojoRisin
Sun Mar 18, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 7719

Re: Incredibly sleazy Northwestern Mutual cold caller

Thank you for noting the techniques he was using. I've never worked in sales, always been a tradesman, and seeing this dissected the way you did was very enlightening. Learned something today because of your efforts. Again, thanks.
by MrMojoRisin
Sun Mar 18, 2018 7:11 pm
Forum: Personal Consumer Issues
Topic: Selling time share "points" for my stepfather
Replies: 12
Views: 1396

Selling time share "points" for my stepfather

Hello, My stepfather has been placed in an assisted living center due to advancing dementia. I have Power of Attorney via a trust he established a few years back. I have paperwork about some time shares he has with Marriott. I have contacted Marriott and they tell me he no longer has a time share bu...
by MrMojoRisin
Mon Feb 19, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1369

Re: Transferring from Financial Advisor

I found a true "Hourly Fee Only" FP using the Garrett Planning Network. I live in Oklahoma and he does business in Texas but it was worth the drive across the Red River for me. Very pleased with the service and attention to detail we were given. Plan on going back every few years for a tune up.
by MrMojoRisin
Thu Feb 08, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5791

Re: Laughter is the Best Medicine - What makes you Laugh?

I'm an easy laugh but I like to work as a team. My brother and I have the same sense of humor and my wife has learned it over time. My co-workers have picked up on it and that's where the team work comes in. One favorite line of mine is "Great minds think alike" to which one of my co-workers will re...
by MrMojoRisin
Sun Feb 04, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: Is it Safe to Get Your DNA Tested?
Replies: 86
Views: 10890

Re: Is it Safe to Get Your DNA Tested?

Wife is big in genealogy and as a result has had several members of our family tested. She was contacted by a person in England who was researching her mother's DNA. Seems her mother was conceived during WWII by an Allied service man. How did that tie to us? Seems my son (at that time I had not been...
by MrMojoRisin
Sun Jan 28, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2977
Views: 918539

Re: What Book Are You Currently Reading? Part VI

"Roi Ottley's World War II" The lost diary of an African American journalist. I had never heard of the man but saw the title at the library. It begins when Roi sails from New York in June of '44. As a journalist he is given the rank of Captain in the Army and is berthed in a cabin with several other...
by MrMojoRisin
Sun Jan 28, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Impreza vs Corolla
Replies: 27
Views: 1756

Re: Impreza vs Corolla

Impreza is a Subaru product, Corolla is Toyota...maybe you mean Infinity and Corolla???
by MrMojoRisin
Sun Jan 28, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Do we need an emergency supplies kit (go bag)?
Replies: 65
Views: 5602

Re: Do we need an emergency supplies kit (go bag)?

We live in "Tornado Alley" and have been hit once. We have a Fraidy Hole in the back yard stocked with the items that were immediately needed after the last event. No particular order... Flashlights with sealed batteries Gloves Hammer Nails Rope Heavy roofing plastic Roofing stapler and staples Wate...
by MrMojoRisin
Sun Jan 28, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Home Alarm Systems
Replies: 16
Views: 1563

Re: Home Alarm Systems

We have a monitored alarm system. It uses a cell phone to dial out in event of an alarm. We have several zones. Front door and garage door into the house are a zone that has time delay built in to give us time to get out. Overhead garage door is on a wireless, it was not part of the original alarm s...
by MrMojoRisin
Sun Jan 28, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 33979

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Our investment portfolio is close to 1M and if you add our house and other property into that as "net worth" we qualify. I am new to this forum and took charge of my investments just in the last couple of years or so. I have a fair but not great understanding of the investment world. Just recently m...
by MrMojoRisin
Sun Jan 28, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 7049

Re: Who taught you about financial responsibility?

My grandmother and my mother. My grandmother ran a successful nursery business for years, much of the landscaping of a nearby major university was done by her company, which she co-owned with her father. My mother. She insisted I meet with her financial advisor and retain her services. Although the ...
by MrMojoRisin
Sun Jan 28, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA with Vanguard - Target Fund
Replies: 7
Views: 754

Re: Starting Roth IRA with Vanguard - Target Fund

We started my wife in a target fund until such time as she got enough in the account we could transfer it to other funds in the Admiralty class. The targets have low first time purchase requirements and subsequent purchases as well.
by MrMojoRisin
Thu Jan 25, 2018 11:06 pm
Forum: Personal Consumer Issues
Topic: what is the best mouse poison?
Replies: 45
Views: 2870

Re: what is the best mouse poison?

Never a glue trap again. Caught a small squirrel with one in my attic. All glued up. Then what? From Backwoods Bound: ~ 2 squirrels, deboned and cut into chunks ~ 1 can (12oz) cream of mushroom soup ~ 1 can (12oz) cream of chicken soup ~ 1/2 can water ~ 2 - 3 carrots, sliced into 1/4" slices ~ 2 - ...
by MrMojoRisin
Thu Jan 25, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

If you want 40/60, why not just dump everything in Vanguard LifeStrategy Conservative Growth (or other LifeStrategy funds to get something besides 40/60)? It seems anti-low-cost to pay thousands of dollars or drive to different states for portfolio suggestions that don't even meet the desired AA. B...
by MrMojoRisin
Thu Jan 25, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

I'm sorry for the late reply. As I pulled my info together I came to the conclusion that I really wanted an Eye Ball to Eye Ball transaction. For this reason I drove from Oklahoma to Texas to meet with a CFP if found through the Garrett Planning Network. I have no doubts to Mr. Roth's abilities, but...
by MrMojoRisin
Sun Jan 21, 2018 1:12 am
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 3060

Re: Rent (free at library) or buy books?

I use the library a lot. However I do keep a small collection of books. Some were given to me by friends, others I buy pre-read at Half Price Books. I noticed a friends son was reading a military history book. Next time they were over at my house I took down a book I thought would appeal to him and ...
by MrMojoRisin
Sat Jan 20, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

I wish to correct something. The network I used to find the CFP that we went with is called"

The Garrett Planning Network.....

Sorry for any confusion....it's just what I do.....nothing personal....
by MrMojoRisin
Sat Jan 20, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

We are currently at a 42/58 AA but he makes and argument that we should transition closer to a 60/40 over the next few years. I am curious about the arguments for and against. I am in this area between your current and the suggested. The discussions about the “retirement red zone” or sequence of re...
by MrMojoRisin
Sat Jan 20, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

Emilyjane wrote:
Sat Jan 20, 2018 5:46 pm
I had an experience with an advisor in the Garrett network a few years ago, much more positive. It was pre-my Bogleheads days.
I wish to be clear, the CFP that I was disappointed in was NOT part of the Garrett Network, the one that we have since retained and are pleased with is.
by MrMojoRisin
Sat Jan 20, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

Unfortunately, having a credential does not guarantee competence. Being associated with a planning network doesn't guarantee competence either. You still have to interview the advisor and do whatever research that you can. Still credentials are a good indicator. Being aligned with a network like Ga...
by MrMojoRisin
Sat Jan 20, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

Alexa9, I'm flattered anyone would even consider me an "average Bogelhead"..... Any tilt I have is unintentional. My focus is more on AA and having some international in my equity mix. After I rebalance I will run my numbers to see where I am at, the changes he suggest were not of major proportions,...
by MrMojoRisin
Sat Jan 20, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

UPDATE: Well since I last posted in October of 2017 here is what has happened. There were several members that advised me to try various online and other CFP groups. I decided to look into the Garrett Financial Network group and see who I could find nearby. I live in central Oklahoma and there are n...
by MrMojoRisin
Wed Dec 06, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 11861

Re: Price of haircut?

I live in Oklahoma City, on the edge of Moore, Ok. There is an old school barbershop I use that charges $11.00 for a men's haircut. They also trim your eyebrows and that crazy hair that grows in your ears. They also do razor shaves. I have inherited my grandfathers old straight edge razor, they have...
by MrMojoRisin
Tue Oct 24, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contributions with 457 and 414 accounts.
Replies: 3
Views: 477

Re: IRA contributions with 457 and 414 accounts.

I thank both of you for your detailed replies. Why is the 457(b) plan your last option? The Expense Ratios of the offered investments are a tad bit on the high side. I assume she is a government employee Correct. The 414(h) plan was offered when the system went from a defined benefits to a defined c...
by MrMojoRisin
Mon Oct 23, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: IRA contributions with 457 and 414 accounts.
Replies: 3
Views: 477

IRA contributions with 457 and 414 accounts.

Hello, My wife was recently put into the position of interim executive director where she works. This included a large pay raise. It is likely she will hold this position until it is filled, as which point she may retire. It will take upwards of 6 months to a year to fill the position. I am not work...
by MrMojoRisin
Sat Oct 21, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling Roth 401K to Vanguard Roth IRA
Replies: 3
Views: 372

Re: Rolling Roth 401K to Vanguard Roth IRA

As you can roll any amount in the 401(k) to the IRA, then obviously the contribution limit doesn't include rollovers. Hadn't looked at it that way. The 401K Roth was one program and the Roth IRA is another. I was concerned the contributions I made since Jan. 1 of 2017 would count towards the Roth I...
by MrMojoRisin
Sat Oct 21, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Rolling Roth 401K to Vanguard Roth IRA
Replies: 3
Views: 372

Rolling Roth 401K to Vanguard Roth IRA

I am currently not working but my wife has had a large increase in her salary. We want to put as much of the surplus as we can into our various investment options. In July of 2017 I rolled over my Roth 401K from my former employer to an existing Vanguard Roth IRA. These were the only funds that i pu...
by MrMojoRisin
Thu Oct 19, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

I went by the CFP office today and picked up my report and settled our account. I was presented with a print out from Retireup. It's 48 pages printed landscape on both sides with a staple in the upper left corner. A very nice staple, but still just a staple none the less. I had hoped at least to hav...
by MrMojoRisin
Thu Oct 19, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Finally a win for teachers!! [403(b) modified to add funds]
Replies: 33
Views: 3235

Re: Finally a win for teachers!!

Kudos to you!!!

I've sat on contract negotiations myself. It can be a frustrating yet rewarding experience.

Maybe you should approach Vanguard and Fidelity about holding workshops about the 403(b) plan, how it works and the products offered.
by MrMojoRisin
Mon Oct 16, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 8734

Re: What are you driving? And would you buy your current ride again?

2017 Subaru Outback Touring edition: Wife's car. I really like it. For the amount of money you get a lot of nice features. Adaptive cruise control works very nicely. 2016 F250 CrewCab 4X4 6.7 ltr diesel: Purchased used from a lease return. It's an XLT model but really pretty basic, the 4X4 is the ma...
by MrMojoRisin
Mon Oct 16, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 6703

Re: What do you buy in Asian food stores?

When I was a kid my family (Navy) was stationed in Hawaii, large Asian population. Three things I fell in love with. 1) Dried plums. They are hard, dry lumps of salt and spice....I think they are called "Ling He Moi" (phonetically) 2) Ginger Candy. Soft chews that can pull loose fillings out. 3) Dri...
by MrMojoRisin
Mon Oct 16, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

UPDATE:

After reading Mel Lindauer's post I went to Allan S. Roth's website. I'm am now pulling together data needed so they can review our situation and tell us what they may be able to do for us.

I thank every one for their input.

Best wishes
by MrMojoRisin
Sat Oct 14, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

It seems like you might be an ideal candidate for working remotely with one of the few well regarded planners who have built their practice on the hourly model.
...and they would be?
by MrMojoRisin
Sat Oct 14, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 54
Views: 9974

Re: Met with a CFP, not too impressed.

dbr wrote:
Sat Oct 14, 2017 8:40 am
Why do you have to "think" that you will or won't employ this person?
I tend to contemplate too much. I won't be using this guy.