Search found 35 matches

by cautious
Sat Nov 09, 2019 4:20 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16581

Re: Spend It All vs. Leave $$ for the Kids

Please, What is a SWR?
by cautious
Sun Oct 06, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax guy my mom hired has me paying suspiciously high tax on investments
Replies: 50
Views: 7874

Re: Tax guy my mom hired has me paying suspiciously high tax on investments

I don't think any funds are actively managed, but what [makes me mad -- moderator oldcomputerguy] --and god knows I tried my best to convince my mom to just either disburse the money to me or hold the trust in Vanguard--is the money is held in American Funds, which has significantly higher expense r...
by cautious
Sun Sep 29, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 21609

Re: financially clueless senior MIL who thinks she’s rich

Who dealt with financial matters surrounding her husbands death? Is this person or institution (bank, church...) taking care of matters for her? Have other family members gained her confidence? After years of not handling finances it seems odd that she is not seeking help from her son. Did she know ...
by cautious
Tue Sep 17, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 5597

Re: Helping elderly parents manage finances - pros and cons

BarbBrooklyn wrote: Mon Sep 16, 2019 8:10 pm Ah, Rick; I see I'm preaching to the whole veritable choir here.

Be well and be at peace. You've done your part.
Amen.
by cautious
Mon Sep 16, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 5597

Re: Helping elderly parents manage finances - pros and cons

I think there are several things going on here. I agree that her opposition may be a warning of early dementia setting in. Her resistance after years of accepting your management of her affairs suggests she may be experiencing confusion. She deals with that by being angry, especially if you admonish...
by cautious
Fri Sep 06, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 4181

Re: Career change at 36- Finance to Nursing/PA?

Consider investing in a consult with a Psychologist/career counselor. Check with your local university for referrals. A thorough assessment will help uncover your interests, skills, and possibilities for the future, timelines anf financial aid for a program, as well as the local job market. The coun...
by cautious
Wed Sep 04, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 4407

Re: Pre-paid Funeral Expenses

When I turned 80, I prepaid $700 to the Peoples Memorial Association in Seattle. Simple cremation. Family has instructions about ashes to be buried at sea - I like that the Ferry slows down so the family can deposit the ashes - or in the mountains whichever appeals to them. But since I signed the co...
by cautious
Wed Sep 04, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need to get a car in a hurry.
Replies: 48
Views: 5335

Re: Need to get a car in a hurry.

Fix the car. Get the mechanical problem off the list of what-if's. If its a Honda or Toyota, it will go forever. In the meantime while your insurance is still low, you can decide on next car. And you will get the best price for the old one you fixed. I did that with my Honda Accord, sold it to a fri...
by cautious
Thu Aug 29, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Keep TIAA-CREF Contracts?
Replies: 3
Views: 356

Re: Keep TIAA-CREF Contracts?

Thank you. I kinda thought so.
by cautious
Thu Aug 29, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Keep TIAA-CREF Contracts?
Replies: 3
Views: 356

Keep TIAA-CREF Contracts?

I'm 85, clearing TIAA-CREF files and folders. Contracts began in 1969, plus an SRA (1985) which became an IRA in(2007) along with an MDR contract. When I began receiving annuity payments in 2007, a new series of contracts w/new numbers have added tot he pile. I have kept track of the numbers,dates a...
by cautious
Sat Aug 24, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 9036

Re: How to help an employee who is in debt and requesting a loan

You are right they should not act as social workers. The list is of agencies she should contact. People who are as troubled as she sounds, need specific details to move forward. Since she contacted her employer, she obviously doesn't know about what's available . Also, sometimes one contact doesn't ...
by cautious
Sat Aug 24, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 9036

Re: How to help an employee who is in debt and requesting a loan

You have received many excellent suggestions about setting limits, not giving her any more money, and the potential negative effects on rest of employees - who are probably watching the drama with great interest. What seems odd is that this woman made a request via email instead of a personal meetin...
by cautious
Thu Aug 22, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Are you a "solo ager?"
Replies: 133
Views: 19862

Re: Are you a "solo ager?"

I am a solo ager. I am now 85 and live in a CCRC facility. It was a choice for health reasons 10 years ago. Health problems and minor accidents crept in and when I could no longer climb around my steep rock garden, I decided not to wait until disaster. I wanted to be fully in charge of any move. So ...
by cautious
Thu Aug 22, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!
Replies: 23
Views: 1461

Re: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!

I live in a retirement community. I have three nieces as DPOAs. All live in different states and are working women. To avoid their making trips for small hospital procedures that require a family member or DPOA, I designated a local caregiver as DPOA fro Health Care . My hospital record has these de...
by cautious
Wed Aug 21, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 12499

Re: Do Bogleheads plan to utilize Independent Living facilities?

And many in their old age have moved into my CCRC in rainy Seattle to be near their kids and grandkids. There's lots to do besides basking in the sun.
by cautious
Sun Aug 11, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 18010

Re: Long-Term Care Decision

There's not much insurance in it. If you didn't buy the insurance, the $5,000 a year would probably grow to about $200,000 in 30 years. The risk isn't that you'll need $300,000 worth of care when you're in your late 80s or 90s. The risk is that something happens for which you'll need care for 10 or...
by cautious
Sat Sep 22, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use a career counselor/career coach?
Replies: 14
Views: 1882

Re: Anyone ever use a career counselor/career coach?

I did successfully - 40 years ago. After flailing around a while, I went to a licensed psychologist at a local university. After a series of tests and a discussion of the results, he explained why I should consider going back to school. He nailed it. Best advice I ever had. Happily retired now with ...
by cautious
Sun Jun 10, 2018 5:12 pm
Forum: Personal Investments
Topic: Investing some of mom's money,
Replies: 31
Views: 2561

Re: Investing some of mom's money,

As soon as my mother learned she had cancer, she wanted me to help her put accounts in order. She was careful and frugal, but it still took a lot of time to go through all the paperwork, get names transferred etc. (Besides numerous CDs she opened savings account books for 20 grandchildren at all the...
by cautious
Sat Jun 09, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 92
Views: 21195

Re: Why Edward Jones?

The small offices embedded in the community among familiar shops are very convenient for the elderly or homemakers who can check on their finances while shopping, and get information from a friendly figure. My 92 year old neighbor did that and I realized the extra expense was worth that social conta...
by cautious
Wed May 16, 2018 5:47 pm
Forum: Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 6772

Re: Large Personal Injury Settlement

And tell no one about your settlement! You won't believe who/what comes out of the woodwork. And if you told them, let it be known that professionals are in charge of everything except your immediate living and medical expenses. They need to understand the money is invested for your long term needs...
by cautious
Wed May 16, 2018 11:49 am
Forum: Personal Investments
Topic: 84 - Need to adjust portfolio
Replies: 4
Views: 705

Re: 84 - Need to adjust portfolio

Thank you Ralph, Gill and Bloom 2708. Bloom, I think I may opt to slip in to the higher bracket or increase my donations. Gill, We do have a sizable medical deduction ($3000+) because of the health clinic and access to nurses 24/7 even for those of us in Independent Living. I'll have to check on wha...
by cautious
Tue May 15, 2018 12:58 pm
Forum: Personal Investments
Topic: 84 - Need to adjust portfolio
Replies: 4
Views: 705

84 - Need to adjust portfolio

I’m 84 with a totally taxable portfolio. Due to catastrophic loss of health and income, I did not have an IRS liability until a few years ago. Sale of my home allowed me to buy into a retirement community and begin investing the small surplus. My goal was to increase my assets. Although I cannot be ...
by cautious
Mon Apr 23, 2018 8:34 pm
Forum: Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 5245

Re: In-laws financial advisor rip off

You are in a tough situation. I can understand your concerns about having to foot the bill down the road. You can only approach this using patience. First, you have to have your wife on board. You can do that with specifics costs - pencil them out using your investment vs.theirs for a specific holdi...
by cautious
Sun Feb 25, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 7383

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

CULater, Like you, I was single and in my 70's when I thought about care in old age. I had some medical issues, and at high risk for dementia due to an accident and brain injury in later life, along with a Lyme infection. First, I did all the financial prep others have recommended here and set up a ...
by cautious
Wed Oct 11, 2017 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 123
Views: 28630

Re: Growing old without kids or younger caring relatives

After several years of living here in comfort, I identified a caregiver who knows the facility and local hospitals well, and made him my DPOA for Health Care in case of a medical emergency. He is the on-site person when I have minor surgery w/anesthesia who knows my wishes until my relatives who ha...
by cautious
Wed Oct 11, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 123
Views: 28630

Re: Growing old without kids or younger caring relatives

I fit many of the descriptions here - parents gone, no spouse, no children. Plenty of loving nieces and nephews but none in my state - and I don't want to disrupt their lives to take care of me. After a serious accident, continuing medical problems, and seeing a neighbor become too disabled to find ...
by cautious
Tue Sep 05, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a fee from td ameritrade on a transfer
Replies: 24
Views: 6033

Re: Got hit with a fee from td ameritrade on a transfer

The way you set up her account will raise all sorts of complications in trying to get a refund. Its her account and they may just continue to blow you off. Sometimes you have to walk away from a small loss and use it as a powerful learning situation. Otherwise you will burn up many hours of your val...
by cautious
Wed Aug 30, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)
Replies: 29
Views: 3005

Re: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)

"Have you or your parents paid an "equity stake", buy-in fee, or other large upfront payment to access guaranteed care for life? How should we assess the price we are quoted? Should we expect the facility to use actuarial math to price differently for different people?" I am 83 and live in a Continu...
by cautious
Fri Aug 25, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 236
Views: 42829

Re: What to do when a parent's money runs out?

McCharley, You really are a good son. I've read all the posts and am not surprised your are fed up - and are probably dealing with your sister's anger as well. You can't continue without setting some limits on your generosity. Have you thought of engaging a social worker in your mother's community t...
by cautious
Thu Aug 24, 2017 5:18 pm
Forum: Non-US Investing
Topic: Buying property in France
Replies: 27
Views: 3794

Re: Buying property in France

"My wife is French and we spend two months per year in France. The mortgage payment, utilities, insurance, and repairs on this place are together going to be less than what we currently spend on AirBNB's every year." This will work if you are clear about everyone's expectations, usage, and responsib...
by cautious
Fri Aug 11, 2017 1:49 pm
Forum: Personal Investments
Topic: How to not obsess over investments?
Replies: 45
Views: 5609

Re: How to not obsess over investments?

It sounds like you are doing very well - both of you. I've gone through periods of checking, reading, calculating endlessly. I feared the disgrace of running out of money, having to ask family etc. In your case, with your upcoming wedding and change of life status, the endless checking might be a us...
by cautious
Mon Jul 24, 2017 12:55 pm
Forum: Personal Investments
Topic: Need investing advice
Replies: 23
Views: 2907

Re: Need investing advice

[quote="geltman"] I always feel that I am not doing a great job at whatever I do in life. Or at least I think I see people doing much better because they know what they are doing. I feel like I am groping. Sorry for the vent but for someone who gets up 3-4am each day and tries to keep busy, it isn't...
by cautious
Sun Jul 16, 2017 6:26 pm
Forum: Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 2001

Re: Elderly Grandparent's investment allocation

[quote="celia"]Sounds like she has enough to cover 6 more years of monthly fees then she will live there for "free"? I have heard that this is common. They can't kick her out just because she lasted longer than her money. If sounds as if she's in a Continuing Care Retirement Community (CCRC). Under ...
by cautious
Sat Apr 22, 2017 3:27 pm
Forum: Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 2434

Re: Grandparent's Variable Annuity and Edward Jones

The most important part of your post is that you were asked for advice about investing new money. Maybe they have some questions about their investments and/or see you doing well. I would not attempt to undo the existing portfolio at this time. Instead, use one of your investments to demonstrate it'...
by cautious
Sun Feb 26, 2017 2:54 pm
Forum: Personal Investments
Topic: Should we wait before buying in?
Replies: 52
Views: 6455

Re: Should we wait before buying in?

Ginnsky, If you haven't read https://www.bogleheads.org/forum/viewtopic.php?t=132098, be sure to do so, if only for a laugh. I've missed market upswings because I was so committed to DCAs, I got stuck. Now, I have a chunk of credit union funds I'm moving to VG, from a very low interest rate to my AA...