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Old 06-19-2013, 02:21 PM   #41
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Excellent discussion. Although DH has no interest in making investment decisions, I have him do all of the tracking of our investments so he at least knows what we have. I've also written out some instructions (although this is a good reminder that I should review and update them once a year) and we also have a fee-based financial planner that he is comfortable with should he need additional advice. I'm also in the process of simplifying wherever possible, closing out several of the non-tax-advantaged accounts (yes, taking the capital gains hit, which was one reason I hadn't done it when I was working - with a lower income now it doesn't hurt so much). I also plan to talk with Vanguard about consolidating some old IRAs we both have into our rollover IRAs there (it used to be that you couldn't mix rollover and "old" IRA money but I think that is no longer a problem).

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Old 06-19-2013, 04:45 PM   #42
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Originally Posted by brett View Post

Finding a new investment advisor was part of our plan for early retirement. Apart from the usual requirements, I wanted someone who my spouse felt comfortable with. It took us a good six-nine months to find the right fee for service advisor.

DW is good to go if I fall off my perch.
I think this is probably the best solution, hard as it might be for the savvier spouse to simplify and possibly cut back on possible earnings. Maybe better to get things in order well before needed rather than expect a grieving, not financially savvy spouse to consolidate things, deal with a financial advisor for the first time, etc.

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Old 06-19-2013, 09:11 PM   #43
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Originally Posted by Brat View Post
....There are many things my husband does that I could do (maybe even better) but I step back because I want to avoid a conflict of egos.. and I assure we have those.
Husbands don't have egos. What are you talking about?
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Old 06-29-2013, 10:53 AM   #44
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I have been dwelling on providing for DW when I am unable or gone. She is in the TSP program and has an ira and roth with Vanguard. I am advising her to transfer TSP to Vanguard and incorprate it into ira. Purchase an immediate annuity with $100k. Invest balance as in Wahoo above, W &W. So that with her small pension + ss + annuity this will provide adequate monthly income.
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Old 06-30-2013, 08:51 AM   #45
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This is heavy stuff.

Basic instructions:
a) Sell everything [unless she wants to manage the standing portfolio--not recommended] and put it in Wellesley.
b) Take MRDs as required.
c) Don't spend it all.
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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Old 06-30-2013, 04:14 PM   #46
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Here is our plan:

1) Provide a paper trail to follow so that DW is not lost on where to start.
2) Teach her where to start the trail and periodically have her tell me where to start.
3) I write down (and periodically update) some simple ideas on how to revise our investments to be easy for her to manage. This is in the safety deposit box and the paper trail leads her there among other things.
4) Basically the advise is to go back to Vanguard for revisions to our more complex financial plans which I now do. Maybe set up roughly a simple 50/50 allocation which Vanguard can suggest based on their current methods. That should be good enough though it won't be our current brilliant strategy .

Hopefully once the dust has settled she will feel OK to really implement such a plan. Hopefully I will live forever ... but this stuff is for just in case.

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