Search results

To anyone not aware of this nightmare, $100 MILLION was essentially stolen recently by the founder of the Center for Special Needs Trust Administration in Florida who was accused of taking money for over a decade from vulnerable people’s trusts (many whose parents had died) and not repaying it...

Agree with less than 3% withdrawal rate (inclusive of the myriad of fee's incurred with a trust). MarieIG, I hope it does last for my child's lifetime, but am skeptical because of the way inflation and the overall economy has been these last couple of years. I'm much more conservative than...

My late spouse scoured all available assistance and found whatever was out there. The group home was paid in full by SS and Medicaid, as was an ADT program, medical and dental care and most medication. Unfortunately, I suspect that the group home wasn't interested in keeping my child on as...

Solo parent here: I have an adult child approaching 30 years of age with a severe disability who will never be capable of employment or living independently and functions (on good days) at the level of a 3-4 year old, but most days function's at the level of an energetic 2 year old. Child was...

I have rented for about 7-8 years total in my life. I did not relish the idea that rent went up every year for my accommodations, even as the property was not properly maintained. I bought my first home and did EVERYTHING wrong: I used the seller's agent, overpaid for the house...

x1000. My personal experience: My DW did. I do. It does.

What is important is that my comfort zone is not breached. I am not easily swayed by others. That said, it's ultimately your choice on what to do. Don't let the opinions of others, who have no skin in your game, sway you. I concur with W2R - AND would also add that the only additional thing...

In regards to how one perceives oneself as being wealthy or not, using Joe Heller's definition - I am somewhere in the middle and it has no relation to my actual net worth or investable assets. I felt 'wealthy' as a teenager 50 years ago when I could buy 6 gallons of gas for $2. Back then, the...

Value oriented!

Thank you for your response. I have been retired nearly a decade. Due to life circumstances changing, I have become more of an introspective minimalist, realizing a lot of 'wants' are not 'needs.' In fact, many of those 'wants' aren't even desirable anymore. As a result, this has...

Everyone has an idea of what 'wealthy' is, but at what point do you define 'wealthy' as it relates to your annual withdrawal rate or lifestyle spending? I'm not asking for dollars of net worth as a definition. Example 1: An individual with an investable net worth of $50 million, but an opulent...

The weather is awful... Who cares? Deal with it. It's winter.

What strategy are you looking for? Magic perhaps? There isn't any! I stroll in nature (some would call it 'forest bathing') 2-4 hours a day - EVERYDAY (weather permitting), have decreased TV and computer time significantly, eat homemade meals, rarely dine out. I am down over 100# in the last...

Some of your time, experience, insight, attention and approbation. Then again, they may not want it.

Well said. It's similar to my philosophy. People I know are shocked when I tell them that I have something that neither Gates, Buffett, Zuckerberg, Musk, et al will ever have - - enough. FIRE-Traveler, you worry too much, keep working on it. I was like that once - for a very long time...

Great, I'm glad to hear it! Let us know how you're doing in 10 years.:dance: As for me, after decades of wealth MISMANAGEMENT by a series of silver-tongued, so-called professionals, I have become a do-it-yourselfer for nearly a decade. After I switched, I kept a track record of the...

As I said at the beginning, I was reminiscing about the price of hotel coffee at $20 for a 4 cup carafe. It was at the Sir Francis Drake hotel by Union Square in San Francisco about 30 years ago. It was the only way to order their coffee back then. MY DW got me hooked on the flavored Barney's...

Including all the accoutrements such as sugar, sweeteners, milk, other creamers, flavorings, spices, etc used to make it the way you like to drink it. I'm not including the expense of driving 5 miles for a cup of joe, but you may if you want to. Include coffee (not energy drinks or caffeinated...

As I stated earlier: "Actually, I do not have a solution, nor do I profess to. My plans would not necessarily apply to anyone else. I want to know what other retiree's asset allocation and planned annual withdrawal rate has been or would be in an economic meltdown. As it is, my lifestyle has...

Actually, I do not have a solution, nor do I profess to. My plans would not necessarily apply to anyone else. I want to know what other retiree's asset allocation and planned annual withdrawal rate has been or would be in an economic meltdown. As it is, my lifestyle has been supported by an...

Is anyone concerned about higher inflation going forward? In 2021, as we have seen and experienced firsthand, the dramatic rise in prices of everything from automobiles to housing to zucchini I believe will undoubtedly affect the long term viability of retirement portfolios as purchasing power...