Search found 18 matches

by cautious
Sun Jun 10, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing some of mom's money,
Replies: 31
Views: 2094

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: 76
Views: 12546

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: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5321

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: Investing - Help with Personal Investments
Topic: 84 - Need to adjust portfolio
Replies: 4
Views: 518

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: Investing - Help with Personal Investments
Topic: 84 - Need to adjust portfolio
Replies: 4
Views: 518

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: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4345

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: 5996

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: 106
Views: 21637

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: 106
Views: 21637

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: 3694

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: 2786

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: 218
Views: 33699

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: Personal Finance (Not Investing)
Topic: Buying property in France
Replies: 27
Views: 3126

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: Investing - Help with Personal Investments
Topic: How to not obsess over investments?
Replies: 46
Views: 4952

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: Investing - Help with Personal Investments
Topic: Need investing advice
Replies: 23
Views: 2474

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: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1799

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: Investing - Help with Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 2158

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: Investing - Help with Personal Investments
Topic: Should we wait before buying in?
Replies: 52
Views: 6064

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...