Search found 91 matches

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: 382

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: 382

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: 285

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: 285

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: 29
Views: 5450

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: 2887

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: 7262

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: 5697

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: 29
Views: 5450

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: 29
Views: 5450

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: 29
Views: 5450

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.
by MrMojoRisin
Sat Oct 14, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5450

Re: Met with a CFP, not too impressed.

From the website of the software you said he used, an article quotes an adviser who uses that program: "“I can get through that thing in 15 minutes and have a full financial plan, he said." Yeah, that was my impression. He loaded all the numbers I gave him, read none of the pension information or d...
by MrMojoRisin
Sat Oct 14, 2017 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5450

Re: Met with a CFP, not too impressed.

Is that all the contract states - estimate and billing rate? It doesn't say what you discussed or expected from him? Pretty much. Was not too impressed with it, seemed more like legal boilerplate than a contract for services. Then log into Bogleheads and do it yourself. :D Good advice.... I joined ...
by MrMojoRisin
Fri Oct 13, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5450

Re: Met with a CFP, not too impressed.

I take it this was a free consultation? Not particularly defending them, but for a free consultation they are not going to spend countless hours scouring over everything. I hear ya but actually we signed a contract that contains an estimate and a billing rate. Basically all he did was plug our numb...
by MrMojoRisin
Fri Oct 13, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5450

Met with a CFP, not too impressed.

Some time back I took an evening class taught by a local CFP that typically does AUM agreements but does do for fee as well. I gave him all the investment information and paperwork for my pension plan, which I have yet to draw on. I told him that upon retirement I wanted to transition all of my spou...
by MrMojoRisin
Tue Jul 25, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: A thank you to the members of this forum...
Replies: 1
Views: 675

A thank you to the members of this forum...

If you have read any of my posts you have probably figured out I an a very novice investor. I recently took an evening class at a local Vo-Tech that dealt with retirement. It was taught by a local investment advisor who is a CPA, CFP and RICP. Many of the topics touched on were very enlightening and...
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: 2067

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: 2067

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: 2067

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: 2067

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: 2067

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: 2067

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: 82
Views: 7191

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: 5114

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: 5114

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: 1947

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: 1947

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: 1947

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: 1947

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: 1947

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: 381

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2710

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: 2592

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: 2251

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: 1797

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: 1797

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: 1797

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: 624

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: 624

Re: Simple financial account tracking spreed sheet needed.

I will check that out. :sharebeer
I'm a much better electrician than financial guru.....