Recent content by Craig

Just an observation ... as I look at these boards, and consider folks I have known over the years, the great importance of stability cannot be overestimated. Folks that are able to get careers in situations where they can stay employed for many, many years, and especially build government /...

I didn't post it, but he certainly expresses missing his kids and even the ex-spouse as well. Tough combo.

Known the guy for 20 years +, and I am one of his few contacts on a regular basis. We speak almost daily now. Some of my data may be off, simply based on my recollections of conversations over the years and recent. Good point though ... I'm of course only getting his point of view. There's...

I'll Clarify a Few Things Lots of interesting input, thanks. They didn't live all that high on the hog, but someone hit it above ... the ex never contributed much to the marriage. She played at being a real estate agent, and usually lost money doing it. She had a college education, and later...

rogersteciak, thank you ... that is very helpful. Out of curiosity, how old were you then, when you went through a similar experience? Would you be willing to share other tips and experiences either here or offline? Thanks again for your kind help.

Perhaps some large companies have enough bureaucracy to create more "security" ... but this is less and less common, in my experience. The sluggish, larger companies can't afford such luxuries as they compete in the market. Whether you call them layoffs or firings, it matters relatively...

Yes, he is seeing a counselor, and working on the depression ... should have mentioned that. As he and I go over the numbers, appears he and his girlfriend can make it on $58K with a paid off home, but certainly won't be living high on the hog. Any income he can bring in after that would be...

I don't post here often, but respect the intelligence and fairness of this forum ... let me post a friend's challenges here, and get your input. My perspective is blurred by our relationship. His situation is as follows: Executive, 56, who is really burned out. Used to make $200K+ annually...

Thanks ... too bad there is no step up in basis for 401k's ...

How is someone taxed if they inherit a 401(k) account as a beneficiary, following the death of the 401(k) participant? Note this would be a non-spouse, significant other beneciary. Any planning suggestions? [I'll also be consulting a tax CPA / attorney, but was curious about knowledge here.]...

Thank you, Mark500 ... you see the dilemma. We need something as autopilot as possible, that she would have a more difficult time hocking, or getting into a position where someone takes advantage of her. We considered the irrevocable trust, and it is in the running. Question is, will that...

Any other suggestions on highly rated insurers to issue the annuity? Thanks.

Regarding her spending / borrowing, yes, there is some concern there, and your point is well taken. Can't control everything.

Please see above ... edited to add more specifics about her.

A friend has a relative who can be a bit of a spendthrift, and is not good at managing money. He wants her to be secure, and have a lifetime stream of income, inflation adjusted, so that she will always have a base amount of money to live on. [He may pay off her mortgage as well, but that...