Recent content by intl

78k from the trust, about 44k from SS & Pension. Yet, it is not enough. That's net, not gross.

Significantly under that, so it shouldn't be an issue.

I've tried this and they've suggested things I've already done. It this ultra low yield environment, there are little options when someone needs little risk.

This is Dad's trust. When she expires, her will designates it to a separate trust; which then goes to the beneficiaries. Not sure why it is done like this, but that was how they set everything up.

Agreed. Since Sis doesn't have a job, then Mom is paying for her stuff. This was why I originally only signed on to set everything up and then transfer it to an advisor. Due to the amount of the funds, the fees are a lot and would require selling shares in order to meet both Mom's and an...

As for Sis, I love her dearly, however, she's an adult and there is no free lunch. I know she's banking on an inheritance; as is my older sibling and the grand children. I'm fine financially. Sent from my iPad using Tapatalk

Once Mom expires (technical term) the trust is immediately dissolved and left to her estate. I do no know how that is divided, as an estate lawyer handles that. Trying to remain impartial as possible, so I've not reviewed it.

Mom and Dad got fleeced by an advisor for years. I fixed their portfolio after the crash. Seems that got me in this position.

Your wrong, but thanks for your input.

They are working up a proposal and sending it off. The gentleman just gave me rough number ranges. I can post in detail once I receive the proposal. It is nothing like what Mom had a few years ago with a 6% dividend. I was shocked at how low the range was.

I called Vanguard for annuity advice and assistance. So far, the rates are pretty low. I can do better in AA. After fees, it is around 2% before taxes. What the Fed has done to savers rates is unbelievable. I am going to add some Wellsely to the mix and start slowly. The trust was written...

One of her genius friends scared the bejesus out of her on annuities and that was why she wanted to sell the annuity. She'll not be able to sleep safe if some of the money is in an annuity.

This might work. The account is at Schwab. I assume I can still set this up. Would buying now be an issue due to the higher share price?

She was worried about the funds, so I said, if that is what you want, then fine, but your monthly income may be reduced. She understood the ramifications.

I live comfortably on 75k a year as well. I do not go through her spending. The house costs a lot to maintain. She spends a lot on food. She doesn't travel. Long Island is an expensive to live. I do not live there, but it's a waste of money. Most of NY is.