Search found 112 matches

by MrMojoRisin
Mon Feb 19, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 9
Views: 840

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: 5592

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: 84
Views: 9626

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: 2846
Views: 893702

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: 1704

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: 5454

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: 1502

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: 219
Views: 27043

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: 6830

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: 6
Views: 458

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: 2734

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: 53
Views: 9210

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: 53
Views: 9210

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: 2960

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 11254

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: 429

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: 429

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: 346

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: 346

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: 53
Views: 9210

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: 3137

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: 8302

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: 6413

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 53
Views: 9210

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: 701

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: 2177

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: 2177

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: 2177

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: 2177

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: 2177

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: 2177

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: 7814

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: 5327

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: 5327

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: 2115

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: 2115

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: 2115

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: 2115

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.