Search found 11 matches

by Moland
Fri Sep 27, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20947

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

To The OP: Please keep us updated. You got a lot of posts with good information and varied advice. I have seen a number of posts on this and other sites on this topic and seldom seen progress reports or a final out come. You can tell that many of us have been in your shoes, are in your shoes, or wil...
by Moland
Thu Sep 26, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20947

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

I think she would be a good fit for independent senior living. $4,000.00 sounds high for this type of housing. You might shop around and see what is available, sounds like she has put some effort into this already. Most seniors in America have less money then her and think they don't have a care in ...
by Moland
Fri Sep 20, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3567

Re: Elderly parents in assisted living with new high costs; seeking advice

Are they veterans? When their networth is down to $127,000.00 they could claim benefits. You can still own a house and pre pay burial expenses to do a spend down. If a doctor perscribes family visits you could claim travel and other expenses. If they are veterans, I would go to your local office and...
by Moland
Thu Sep 19, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9555

Re: Best places to live to raise a family (cost doesn't matter)

Local schools don't matter. You can home school or hire the best private teachers you can find and live any place you want. Have the teacher live in. Buy two or three homes and move with the weather or activities you want to do.
by Moland
Thu Sep 19, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3567

Re: Elderly parents in AL with new high costs; seeking advice

Sounds like your mom should be in a secure memory care facility. You could find a memory care unit that would has rooms that can accommodate a couple. The facility my MIL is in has a husband and wife in one room. The wife is in good health with no memory issues but they can still live together. I th...
by Moland
Tue Sep 17, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 5405

Re: Helping elderly parents manage finances - pros and cons

You stated that your mom is living with your sister and your sister is against looking at a facility. Might she be influancing your mom. My brother in law is giving us grief regarding my mother in law because he is worried about his inheritance being spent on her care. Can be hard to notice changes ...
by Moland
Tue Sep 17, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3395

Re: "End of Life" Issues

My parents had "no feeding tubes" added to their POA
by Moland
Tue Sep 17, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Mustang...GT or Ecoboost?
Replies: 42
Views: 2556

Re: Mustang...GT or Ecoboost?

I got a 2015 ecoboost convertible and have put on 67,000 miles mostly joy riding. I can get over 30 mph highway with regular gas. The V8 can run on regular but needs high test to get all the power. The ecoboost has alot of power but you don't get the bragging rights of a V8. Most non-Mustang folks w...
by Moland
Wed Sep 11, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 4239

Re: Day Trading for a Living?

My brother in law lost $91,000.00 in less then a year day trading. I know another day trader who is making a living at it but can't explain how to do it, mostly by feel. He trades for about four hours and studies the markets for eight more hours per day. He built a tunnel he lays in with five screen...
by Moland
Fri Sep 06, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 4204

Re: Pre-paid Funeral Expenses

Pre-paid can be used for spending down to help qualify for some benifits. We are filing for VA survivor benifits for MIL to help pay for Memory Care cost.
by Moland
Fri Sep 06, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: "The Callan Periodic Table of Investment Returns"
Replies: 33
Views: 3781

Re: "The Callan Periodic Table of Investment Returns"

First saw this about 1999. This led me to asset allocation with periodic rebalancing.